INL to pay dividend of 1.5c a share

Independent Newspapers Ltd (INL) today announced it would pay a fully imputed special dividend of 1.5c a share.

The special dividend would be paid on May 27, with a record date on the firm's share register of May 20, INL said in a statement to NZX.

At 12pm, INL shares were unchanged at $6.00, having ranged between $4.51 and $6.50 in the past year.

- NZPA