Wesfarmers investors must wait for payout from insurance arm sale
Wesfarmers shareholders who have revelled in a collective $2.1 billion in dividend payments since 2009 might have to wait until next year for the conglomerate to shower them with a special capital return flowing from the recent sale of its insurance business.
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While Wesfarmers’ cash pool will swell considerably from the $3 billion sale of two insurance businesses, analysts have forecast that any special dividend to investors is unlikely to be triggered until 2015 – assuming chief executive Richard Goyder does not find an acquisition. Sydney Morning Herald – Read more…
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