No hint on capital return from Contact Energy AGM

Mon, 14 Oct 2013

By Pattrick Smellie Oct. 15 (BusinessDesk) – Contact Energy shareholders hoping for news of a capital return or increased dividends got slim pickings from the company’s annual meeting in Christchurch, although chief executive Dennis Barnes had good news for customers, saying power prices were unlikely to rise anytime soon. Chairman Grant King told shareholders at last year’s annual meeting that an update on capital returns or dividend policy was about a year away as Contact came to the end of a $2 billion-plus capital investment programme in...

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