Peet pays dividend

WESTERN Australian-based developer Peet and Company Limited has paid its first dividend as a listed company of five cents per share fully franked, equating to a total of $10 million after listing on the ASX in August 2004. Peet and Company chairman Tony Lennon said the first interim dividend as a listed public company was a significant milestone for the broadacre property developer/syndicator. “Peet and Company is meeting the challenges of being a publicly listed company with a carefully planned expansion of key operating areas,” he said.