PFI
03/11/2014 08:31
DIVIDEND
REL: 0831 HRS Property for Industry Limited
DIVIDEND: PFI: PFI Announces Third Quarter Dividend
PFI ANNOUNCES THIRD QUARTER DIVIDEND
NZX listed industrial property landlord Property For Industry Limited (PFI)
today announced a third quarter cash dividend of 1.8 cents per share.
The dividend will have imputation credits of 0.4773 cents per share attached
and a supplementary dividend of 0.2166 cents per share will be paid to
non-resident shareholders. The record date for the dividend is 17 November
2014 and the payment date is 26 November 2014.
The PFI board has again resolved to suspend the dividend reinvestment scheme,
and will continue to assess whether to operate or suspend the dividend
reinvestment scheme on a quarter-by-quarter basis.
The third quarter dividend will take cash dividends for the first nine months
of 2014 to 5.30 cents per share (first nine months of 2013: 5.19 cents per
share).
Guidance for the financial year ending 31 December 2014 remains unchanged,
with total cash dividends expected to be approximately 7.25 cents per share
based on a pay-out ratio of 95% to 100% of annual distributable profit.
PFI General Manager (Joint) Nick Cobham also noted: "PFI will release a
further trading update and the preliminary results of the annual valuation
process in the middle of December 2014."
Contact
For further information please contact:
Nick Cobham
General Manager (Joint)
Phone: +64 9 303 9656
Email: [email protected]
Simon Woodhams
General Manager (Joint)
Phone: +64 9 303 9652
Email: [email protected]
About PFI
PFI is New Zealand's only listed company specialising in industrial property.
PFI's portfolio of 79 industrial properties in Auckland, Hamilton, Mount
Maunganui, Wellington and Christchurch, is leased to 136 tenants.
www.propertyforindustry.co.nz
Attached
PFI - Appendix 7 - 3 November 2014
End CA:00257125 For:PFI Type:DIVIDEND Time:2014-11-03 08:31:27
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