Spark shares jump to four-month high on fatter dividend as CEO Moutter chases revenue growth

Fri, 21 Aug 2015

By Paul McBeth Aug. 21 (BusinessDesk) - Spark shares jumped to a four-month high after the telecommunications company signalled plans to pay bigger dividends as it starts chasing revenue growth for the first time in six years. In reporting improved underlying earnings, the Auckland-based company's board today announced a final dividend of 11 cents per share taking the annual payout to 20 cents, ahead of the 18 cents expected by analysts, and signalled plans to raise that again to 22 cents in the 2016 financial year. The board threw in ano...

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