MightyRiverPower to pay special dividend

Wed, 05 Nov 2014

By Paul McBeth Nov. 5 (BusinessDesk) - MightyRiverPower, the first of the state-owned power companies to be partially privatised last year, will pay a special dividend to shareholders after the latest board review of its capital management. The Auckland-based company will pay 5 cents per share to its 102,000 shareholders on Dec. 11, with a record date of Nov. 20, it said in a statement. That amounts to about $70 million in total. The board made decision today as part of an ongoing capital management review. The company will update shareho...

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