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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 ....

Murray King , Livestock Improvement Corporation , முர்ரே கிங் , கால்நடைகள் முன்னேற்றம் நிறுவனம் ,

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. ....

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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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