Todd Corp suspends dividends in strategic reset

Oil and gas production has underpinned Todd Energy, but times are changing. (Image: NZME)

Wed, 11 Dec 2024

One of the country’s powerhouse family empires, the Todd Corporation, has suspended dividends, declared its large-scale international projects as failures, and is refocusing on New Zealand for its future growth.A Todd Corp spokesperson, responding to a series of questions from BusinessDesk, confirmed that, as widely rumoured for months, the corporation has “made the decision to temporarily suspend shareholder dividends”.The suspension has sent shockwaves through the extended Todd family, numbering several hundred descendants o...

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