Brief: New Zealand Rural Land FY Total Net Profit NZ$15.1 Million

New Zealand Rural Land

30/08/2021 11:03

Aug 30 (Reuters) - New Zealand Rural Land Company Ltd
 NZL.NZ :
    * FY TOTAL NET PROFIT NZ$15.1 MILLION
    * FORECAST TO DELIVER INVESTORS A FY22 CASH DIVIDEND YIELD
OF
4.35% FROM CURRENT PORTFOLIO OF LAND
    * TO FUND FURTHER DEALS, CO TO PLACE CURRENT RIGHTS ISSUE
SHORTFALL AT NZ$1.10/SHARE
    * FY24 CASH DIVIDEND YIELD ON CURRENT PORTFOLIO IS FORECAST
TO
RISE TO 5.74%
    * DOES NOT ANTICIPATE RAISING CAPITAL DISCOUNT AGAIN ONCE
SHORTFALL OFFER CLOSES

Further company coverage:  NZL.NZ 

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