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- Release Date: 30/04/12 15:10
- Summary: DIVIDEND: NZX: NZX Q1 2012 dividend announced
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NZX
30/04/2012 13:10
DIVIDEND
REL: 1310 HRS NZX Limited
DIVIDEND: NZX: NZX Q1 2012 dividend announced
NZX Q1 2012 dividend announced
30 April 2012 - As noted to the market on 20 February 2012, the NZX Board
indicated that it would announce the Q1, 2012 dividend at the NZX Annual
Meeting today.
The NZX Board today announces a Q1 2012 dividend of 3.25 cents per share.
The record date is 14 May 2012 and the payment date will be 21 May 2012.
Commenting on this dividend, NZX Chair Andrew Harmos said, "NZX is generating
high quality cash flow from its established businesses, has no debt, and has
a good number of low capital intensity growth areas that are meeting all
their milestones.
"The NZX Board believes in the growth profile of the business, and NZX's
ability to fund those growth options.
"The Q1 dividend of 3.25 cents per share indicates the NZX Board's confidence
in the NZX franchise for the medium term."
The NZX Board will consider each subsequent quarterly dividend against free
cash flow expectations and, if appropriate, may resolve to increase one or
more successive quarterly payments.
"This dividend structure demonstrates that the NZX Board and management are
committed to returning surplus capital, and surplus cash generated from
operations, to shareholders in the most efficient manner available," said
Harmos.
ENDS
End CA:00222348 For:NZX Type:DIVIDEND Time:2012-04-30 13:10:40
