Bancorp final dividend
- Bancorp pays a final year-end dividend of NZD2.2 cents per share
- Total year 2012/2013 dividend payment of NZD 4.5 cents per share
- Shareholder-friendly dividend policy will be also pursued in future
The directors of private and investment banking group, Bancorp Wealth Management New Zealand Limited (Bancorp), have announced a final year-end dividend 2012/2013 of NZD2.2 cents per share.
Bancorp Managing Director, Craig Brownie, stated today that the group had produced a pleasing result for the year ending 30 June 2013. "We are a well established and growing financial organization with a diversified income base which is proving its strong profitability and capacity to grow".
The year has seen a number of significant developments including moving towards a Listing on the Frankfurt Entry Standard Board; it will be the first New Zealand Company to be listed on Frankfurt.
Mr. Brownie said "Bancorp remains well-positioned with a solid business model, excellent profitability and good operating cash flows. The coming financial year should see profitability continue to grow across all business units."
A final dividend of NZD2.2 cents per share will be paid on Friday 6 September 2013 to all shareholders on the register as at 5pm on Monday 2 September 2013. This, combined with the interim dividend of NZD2.3 cents per share, provides a total gross return of 4.5 cents per share for the financial year ended 30 June 2013. Bancorp intends to continue its shareholder-friendly dividend policy.
Bancorp Wealth Management New Zealand Limited
Bancorp Wealth Management New Zealand Limited (ISIN: NZBWME0001S2) and its subsidiaries are a banking group based in New Zealand that provides predominantly Asian clients with banking services and investment opportunities in New Zealand. Under its internationally oriented "Aviation" division, the company holds equity investments in the field of aviation financing, insurance brokers and aviation-related companies, e.g. such as in the airport transportation company Auckland Airbus Ltd. Bancorp Wealth Management New Zealand Limited acts as a holding company. Its operating activities are conducted by 13 subsidiaries and equity investments.
It is intended to admit the shares of Bancorp Wealth Management New Zealand Limited to trading in the Entry Standard of the Frankfurt Stock Exchange before the end of the third quarter of 2013.