Meridian defends special dividends over buybacks, promises review

Fri, 06 Nov 2015

By Pattrick Smellie Nov. 6 (BusinessDesk) - Meridian Energy will review its decision to return capital to shareholders as special dividends carrying no imputation credits after feedback from some shareholders who would prefer a share buyback scheme instead. Speaking at the company's annual meeting in Auckland, chairman Chris Moller said "we have received a variety of feedback from shareholders as to whether it is more appropriate to execute the capital management programme by the payment of special dividends, as we did, which will not hav...

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