Auckland Airport shares were down 3.5% following news the airport has reduced its dividend payout policy from 100% of net profit to 70-90%. Milford Portfolio Manager Mark Riggall explains to Heather du Plessis-Allan the reasons for the reduction, what the airport’s financial regulator (the Commerce Commission) has to say, and what it means for Auckland Council which has decided to sell its stake in the airport.
Milford on Newstalk ZB: 14 June 2023
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