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Dividend dip for LIC after strong result

Growth in premium genetics products to deliver ‘huge value’ on farm this spring. Cattle genetics co-operative Livestock Improvement Corporation has announced a marginally reduced dividend to its shareholders after reporting flat underlying earnings for the year to May 31. Chair Murray King said

Business Scoop » LIC Annual Results 2020-21, Farmers Investing In High Value Genetics To Help Meet Sector s Climate Goals

Press Release – Livestock Improvement Corporation Livestock Improvement Corporation (NZX: LIC) announces its financial results for the year ending 31 May 2021, reporting increased revenue, profit and a strong balance sheet with no debt at year end. The farmer-owned co-operative will return $17.8 million … Livestock Improvement Corporation (NZX: LIC) announces its financial results for the year ending 31 May 2021, reporting increased revenue, profit and a strong balance sheet with no debt at year end. The farmer-owned co-operative will return $17.8 million in dividend to shareholders, which equates to 12.51 cents per share. The fully imputed dividend represents a 14.4% gross yield based on the current share price of $1.21. The dividend will be distributed on 20 August.

Milking the system: Boutique dairy operators struggling to survive

Milking the system: Boutique dairy operators struggling to survive
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

Irrigators slam back door target rate plan for slice of dam cost overruns

Cherie Sivignon15:22, May 04 2021 Martin De Ruyter/Stuff The Lee Valley construction site of the Waimea Community Dam, photographed in early April. The council has been accused of going “through the back door” with a proposal to target rate Waimea Irrigators Ltd-affiliated landowners to recover a slice of the Waimea dam project overrun costs. In one of more than 1700 submissions to the council’s draft Long Term Plan 2021-31, Waimea Irrigators Ltd (WIL) points out that the Tasman District Council agreed to a clause in the project deed that any overrun costs would be shared 50/50 between the council and WIL for the first $3m, “and those in excess of $3m are to be funded by TDC”.

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