NZ's Precinct Properties gains on reaffirming FY21 dividend payout

Precinct Properties New Zealand

11/12/2020 03:26

** Shares of Precinct Properties  PCT.NZ  rise as much as
2.9% to NZ$1.75, their biggest intraday percentage jump since
Nov. 26 
    ** The property developer reaffirms FY21 dividend guidance
of 6.50 cents per share  urn:newsml:reuters.com:*:nNZWbgCd9v
    ** Guidance represents an increase of 3.2% over the FY20
payout
    ** PCT trades at a one-week high
    ** Stock has fallen 7.4% this year, as of last close
    
  

 (Reporting by Ananya Pande in Bengaluru)
 ((ananya.pande@thomsonreuters.com))