Full year result delivers increased dividend

Full year result delivers increased dividend

14 August 2017

Following a year that included the North Canterbury earthquake, the completion of a number of significant capacity-related projects and strong volume growth, the Directors of Freightways are pleased to announce an increased dividend for the 2017 year and provide a positive outlook for the 2018 year
ahead.

The Directors have declared a final dividend of 14.75 cents per share, fully imputed at a tax rate of 28%, being a 2% increase above the final dividend of 14.5 cents per share for the prior comparative period (pcp). This represents a payout of approximately $22.9 million, compared with $22.5 million for the pcp.

The strength of the underlying volume growth and margins in the express package & business mail division and the performance of a number of our information management businesses all helped deliver this result, says Managing Director Dean Bracewell.

http://img.scoop.co.nz/media/pdfs/1708/Final_FRE_Media_Release_FY17_110817.pdf

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