NZ's Warehouse Group hits over 6-1/2-year high on special dividend

Warehouse

04/02/2021 03:30

** Shares of consumer goods retailer Warehouse Group Ltd
 WHS.NZ  rise as much as 4.5% to NZ$3.25 - their highest since
June 19, 2014
    ** Co says it intends to pay a special dividend of 5 NZ
cents per share  urn:newsml:reuters.com:*:nFWN2K91A4
    ** WHZ reaffirms expectations of HY adjusted net profit
after tax exceeding NZ$90 mln ($64.85 mln), before accounting
for the impact of repaying the wage subsidy
    ** Stock posts its biggest intraday percentage gain since
Jan 11
    ** About 158,000 shares change hands vs 30-day average
volume of 124,000 shares
    ** Stock on track to post its third consecutive session of
gain; up 13.1% this year, as of the last close

($1 = 1.3877 New Zealand dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))