Seeka to pay out 12c special dividend

17th December 2020 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Fruit exporter Seeka has declared a special dividend of 12 cents per share which will see it pay out $3.86m to investors.

The Te Puke-based company said yesterday that the dividend would be paid on 27 January 2021 to all holders of ordinary shares.

Seeka said it was appropriate “given the stronger than expected earnings in the current financial year, a reflection of tight financial management and the settled sale and lease back of part of the Australian kiwifruit orchard portfolio”.

The company was given the go-ahead last week to proceed with a $27.4m sale and leaseback of approximately 100 hectares of its Australian kiwifruit orchard portfolio.