Analysts lift rating on Spark but call for lower dividend

Forsyth Barr analysts recommend slashing Spark's dividend by about 30%. (Image: NZME)

Tue, 25 Mar 2025

Forsyth Barr analysts upgraded Spark to outperform and recommended slashing its dividend by around 30%.Late last week, Spark's (SPK) share price fell below $2 for the first time since January 2012, when it went ex-dividend. It was trading at $5.40 in January 2024. It last traded at $2.075.Forbarr analysts Aaron Ibbotson and Benjamin Crozier said the dissonance between Spark’s cash flow generation and ambitions has contributed meaningfully to the around 60% drop in the share price over the last year.In February, Spark reported a&n...

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