Brief: New Zealand Rural Land Says FY24 AFFO Forecast To Be 5.0 NZ Cps - 5.4 NZ Cps

New Zealand Rural Land

28/02/2024 20:31

Feb 29 (Reuters) - New Zealand Rural Land Company Ltd
 NZL.NZ :
    * FY24 AFFO FORECAST TO BE 5.0 NZ CPS - 5.4 NZ CPS
    * FY23 AFFO 4.35 NZ CPS
    * FROM APRIL 2024, WILL START TO SEE POSITIVE IMPACT OF
RENTAL
GROWTH
    * RESOLVED TO BOTH REINSTATE NZL'S DIVIDEND AND AMEND ITS
DIVIDEND
POLICY
    * MAINTAINS A SELECTIVE ON-MARKET SHARE BUYBACK PROGRAMME
    * NZL'S AMENDED DIVIDEND POLICY TARGETS A PAY-OUT OF 60% -
90% OF
AFFO
    * MAY REFRESH PROGRAMME FOR FURTHER 12 MONTH PERIODS
    * TOTAL NUMBER OF SHARES THAT MAY BE BOUGHT BACK SHALL NOT
EXCEED
5.4 MILLION SHARES

Source text for Eikon:  ID:n427059-5 
Further company coverage:  NZL.NZ 

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