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Higher dividend for Port Bouvard

PROPERTY developer Port Bouvard Ltd has announced an interim fully franked dividend of 40 cents a share, up 300 per cent on the payout for the company’s shareholders this time last year. The dividend compares to a 10 cent per share fully franked pay out for the previous corresponding period. The sharply increased dividend for the half-year ended December 31 follows a recent surge in land sales at the company’s Port Bouvard estate and Princeton private estate, in the Perth inner northern suburb of Stirling. “The recent sales numbers have been far greater than we had expected,” Port Bouvard chairman Michael Perrott said.

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