Fletcher Building revives dividend in better signs

Fletcher Building, the dual-listed group which has a $2.5 billion-a-year building products business in Australia through brands such as Laminex, Tradelink and Stramit, has begun paying a dividend again after navigating through rough times.

Chief executive Ross Taylor said there were “mixed” conditions in the infrastructure sector in Australia, with its two large pipes businesses, Iplex and Rocla, suffering declines because of delays in some infrastructure projects.