Asciano declares special dividend

Company News

by David Chau

Asciano Ltd (ASX:AIO) is expecting to pay a fully franked special dividend of 87 cents per share on 11 August.

However, this is subject to a Scheme of Arrangement (regarding the Asciano acquisition) becoming effective, and the ATO making favourable rulings.

If those conditions are met, then the Asciano shareholders who hold shares in the company on 3 August (being the Special Dividend Record Date) will receive the Special Dividend.

The second court hearing about the Scheme is expected to be heard by the Supreme Court of NSW tomorrow.

Asciano reported a net profit of $200.6 million at 31 December 2015.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.