Brief: Argosy Property Announces FY21 Dividend Guidance Of 6.35 Cents Per Share

Argosy Property

20/05/2020 02:47

May 20 (Reuters) - Argosy Property Ltd  ARG.NZ :
    * ANNOUNCES FY21 DIVIDEND GUIDANCE OF 6.35 CENTS PER SHARE
    * PROVIDED ABOUT $2.8 MILLION IN RENT ABATEMENTS FOR APRIL
AND MAY
SINCE YEAR END
    * Q4 CASH DIVIDEND FOR FY20 OF 1.5875 CENTS PER SHARE
    * FOR 12 MONTHS TO 31 MARCH, REPORTED NET PROPERTY INCOME OF
NZ$99.7 MILLION, 2.7% DOWN
    * NOW EXPECT PIPELINE OF WELLINGTON PROJECTS TO COMPLETE
AROUND
3-4 MONTHS LATER THAN INITIALLY PROJECTED
    * FY21 DIVIDEND ALLOWS CO TO MAINTAIN MOMENTUM TOWARDS AN
AFFO
BASED DIVIDEND POLICY IN MEDIUM TERM

Source text for Eikon:  ID:nNZWKGfGS 
Further company coverage:  ARG.NZ 

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