Australia's MaxiParts climbs on special dividend payment plans

Maxiparts

03/12/2021 24:21

** Shares of MaxiParts Ltd  MXI.AX  rise as much as 10.6% to
A$3.87, on track for their best day since July 23
    ** The transport equipment manufacturer determines to pay a
fully-franked special dividend of 62.5 Australian cents per
share as a result of sale of its Trailer Solutions business
 urn:newsml:reuters.com:*:nASN001YJ3
    ** Co had earlier planned to pay the special dividend in
early November but later delayed the payment  urn:newsml:reuters.com:*:nASX3TMSFp
    ** Shares hit their highest since Oct. 27
    ** Volumes are 2.6 times the 30-day average of 31,562 shares
    ** As of last close, stock has more than doubled in value
this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))