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TWR - Tower News Story

NZD0.82 0.0  0.6%

Last Trade - 09/04/21

Sector
Financials
Size
Small Cap
Market Cap £177.6m
Enterprise Value £142.0m
Revenue £164.7m
Position in Universe 510th / 1893

BUZZ-NZ's Tower jumps to 1-yr high on plan to pay dividend

Mon 22nd February, 2021 10:27pm
** Shares of Tower Ltd  TWR.NZ  jump as much as 3.5% to
NZ$0.740, their highest since Feb. 24, 2020
    ** The insurance firm reaffirms its full-year guidance and
says it intends to pay an interim dividend of NZ$0.025 per
share, likely to be declared during its half-year results in
May urn:newsml:reuters.com:*:nNZSv18a
    ** Says the Lake Ohau fire and Napier floods resulted in
expenses of NZ$10 mln ($7.32 mln) year to date, which will
impact its full-year underlying NPAT
    ** Stock posts its biggest intraday pct gain since Feb. 16
    ** Stock has risen 0.7% this year, as of last close

($1 = 1.3656 New Zealand dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))
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