Infrastructure

Infratil has plans for its more than $2b war chest

Jenny Ruth
Mon, 15 Nov 2021

Infratil has plans for its more than $2b war chest
Infratil chief executive Jason Boyes doesn't want to pay a special dividend. (Image: supplied)
Jenny Ruth
Mon, 15 Nov 2021
Fresh from selling its stake in Tilt Renewables for nearly $2 billion, Infratil certainly isn't short of the readies.It has net cash of about $1b, direct access to bank facilities of $894 million and another $1.03b available through its subsidiaries.And yet chief executive Jason Boyes said Infratil won't be paying a special dividend, even though there's plenty of scope to pay one."We do not view special dividends as the best use of funds," Boyes said in announcing the company's first-half results, a record 1.08b for th...

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