Spark board mum on future of dividend, asset sales

CEO Jolie Hodson, left, and chair Justine Smyth stuck to their message that the year was rough but recovery plans are in place. (Image: Spark)

Ben Moore

Fri, 01 Nov 2024

Spark’s leadership remained tight-lipped around plans for its dividend and asset sales at the company’s annual meeting on Friday.On Wednesday, the board announced a 4% drop in guidance for earnings before interest, taxes, depreciation, amortisation and investments (ebitdai) to between $1.12 million and $1.18m, and dividend guidance was down from 27.5 cents per share to 25cps.At the same time, the sale of its 17% share of cell tower management firm Connexa was announced and potential divestment of other non-core assets.In her ad...

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