Chorus flags fatter dividends in its fibre future

Chorus flags fatter dividends in its fibre future
CEO JB Rousselot said the 2022 financial year was “a crossroads” for Chorus. (Image: Chorus)
Ben Moore
Chorus’s board is delivering on plans to pay bigger dividends.The telecommunications infrastructure provider has crossed the threshold of earning more than it invests in the network, leaving it with more cash to return to shareholders.The board declared a final dividend of a 21 cents per share (cps) payout on Oct 11, taking the annual return to 35cps for the 2022 June year, up from 25cps a year earlier.  This is expected to climb to 42.5cps in the 2023 financial year, and 47.5c the following year – a 90% increase on the 2021 ye...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024