Mark Riggall: Milford Asset Management portfolio manager on Auckland Airport revising dividend policy for shareholders
Auckland Airport have revised their dividend policy and reduced their payouts to shareholders.
The airport will pay out 70 percent to 90 percent of net profit after tax, instead of 100 percent.
Milford Asset Management portfolio manager Mark Riggall says Auckland Airport has an 'ambitious' infrastructure plan, and it needs to pull some levers to fund it.
"They've also hiked their prices and they may have to do a capital raise at some point, due to pressure on the balance sheet."
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