Dividend payments in August

 THE Kina Asset Management Ltd (KAML) board announced that dividend payments to eligible shareholders will be made on Aug 7.

The board had previously announced the dividend payment of 2 toea per share.

Group chief executive Syd Yates (pictured) said the board of directors was pleased to again offer current shareholders the opportunity to participate in KAML’s dividend reinvestment plan.

“The plan is an easy, cost-effective way to increase shareholder investment in Kina Asset Management Limited,” Yates said. 

“It would be available for dividend for year end last December and a discount of 2.5 per cent would apply to reinvestment on this dividend.

“The plan shares would be issued to participating shareholders on August 7th this year. 

“Shareholders that have previously elected to participate in the plan would automatically be registered as a participant for this upcoming dividend.

“To elect to participate in the plan, or change an existing instruction for the dividend payable, shareholders election advice must be received by 5pm, Friday.”