Business

Investment dividend of $45m for Auckland Council

12:20 pm on 13 September 2013

Auckland Council will receive a dividend of $45 million from its investments this year, up from $30 million last year.

The council owns 22% of Auckland International Airport Ltd, all of Ports of Auckland and Auckland Film Studios, as well as a $300 million investment fund.

Auckland Council Investment chief executive Gary Swift said the higher dividend is in part due to the strong performance of Auckland Airport Ltd, whose share price rose 22% over the year.