Aug 19 (Reuters) - Tabcorp Holdings Ltd TAH.AX :
* REDUCE TARGET DIVIDEND PAYOUT RATIO TO 70-80% OF NPAT (BEFORE SIGNIFICANT ITEMS) ON RESUMPTION OF DIVIDENDS
* REDUCE TARGET GEARING RANGE TO 2.5-3.0X GROSS DEBT / EBITDA (FROM 3.0-3.5X PREVIOUSLY)
Aug 19 (Reuters) - Tabcorp Holdings Ltd TAH.AX :
* REDUCE TARGET DIVIDEND PAYOUT RATIO TO 70-80% OF NPAT (BEFORE SIGNIFICANT ITEMS) ON RESUMPTION OF DIVIDENDS
* REDUCE TARGET GEARING RANGE TO 2.5-3.0X GROSS DEBT / EBITDA (FROM 3.0-3.5X PREVIOUSLY)