Carter Holt dividend declared

The dividend, announced after the company posted a 17% lift in full year profit, will not carry any tax credits.

It brings the year's total payout to 7 cents, including an interim dividend of 4 cents per share, and is 1 cent higher than last year's total.

Carter Holt this week posted a full-year profit of $237 million compared to last year's $202 million, but nearly three-quarters of that profit had been made in the first six months of the year.

In the third quarter net earnings fell by half to $42 million and in the three months ended March profit was just $19 million down from $57 million the previous year.

CEO Chris Liddell blamed the poor second half on the very weak international trading environment.

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