Jarden downgrades Vector earnings outlook, dividends intact

Jarden downgrades Vector earnings outlook, dividends intact
Pattrick Smellie
Auckland's electricity and gas network monopoly Vector will continue to produce a steady, slightly increasing dividend flow even as its earnings dip over the next five years, thanks to the cut to its regulated rates of return announced by the Commerce Commission, says investment house Jarden.The utilities regulator cut Vector's 'maximum allowable revenue' path from electricity and gas distribution activity to a lower-than-expected weighted average cost of capital of 4.57 percent, in a decision that will apply through to 2025, which was announce...

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