One leisure stock to hold – Ardent Leisure Group
Slashes dividend for FY17: Ardent Leisure Limited (ASX: AAD) has announced an estimated dividend distribution of 1.0 cent per share for the second half of the year ending 30 June 2017, bringing the full year dividend to 3.0 cents compared to 12.5 cents last year. Cut in dividends reflects the losses at its theme-park division after a fatal accident on a ride at Dreamworld. Four people were killed in October on the river rapids ride at the park, Australia’s biggest, on the Gold Coast tourist strip, while earnings visitor numbers have fallen sharply since.
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