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

The cheese deal with Fonterra that 'really kick-started' Bega
Primary Sector

The cheese deal with Fonterra that 'really kick-started' Bega

The owner of Vegemite now wants to get its hands on Fonterra’s brands.

US-China détente hopes send Mainfreight up 5%
Markets Market Close

US-China détente hopes send Mainfreight up 5%

Harbour Asset Management's Shane Solly says good signs are coming out of Geneva.

Gregor Thompson 12 May 2025
Summerset launches $100m bond offer
Property

Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 12 May 2025
NZD's roller coaster ride likely to continue
Markets

NZD's roller coaster ride likely to continue

Markets are in a holding pattern ahead of the outcome of the US-China tariff meeting. 

Rebecca Howard 12 May 2025