Treasury Wine Estates lifts its dividend

Company News

by Rachael Jones

Treasury Wine Estates (ASX:TWE) has lifted its full year dividend by 19 per cent to 38 cents per share on the prior corresponding period after growth in Asian sales.

NPAT is up $419.5 million, that's up 16 per cent on the prior corresponding period.

Asia reported 43 per cent EBITS growth to $293.5 million and an EBITS margin of 39.2 per cent, driven by increased availability of Luxury and Masstige wine and growing demand.

Shares in Treasury Wine Estates (ASX:TWE)
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.