Transpower pays smaller dividend to govt with reduced regulated earnings

Thu, 18 Aug 2016

By Paul McBeth Aug. 18 (BusinessDesk) - Transpower New Zealand trimmed its dividend to the government as the state-owned company generates smaller regulated earnings from the national electricity grid it's tasked with operating. The Wellington-based company declared a final dividend of $98.2 million, or 8 cents per share, to be paid on Sept. 20, taking the annual return to the Crown to $163 million. That met Transpower's forecast in its statement of corporate intent but was down from the $188 million paid last year. The government ha...

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