Trustpower special dividend disappoints

Trustpower's Lake Coleridge power station. (Image: Trustpower)

Wed, 20 Apr 2022

Trustpower’s special dividend payout from the sale of its retail business has disappointed analysts and they have slashed their share target price below its current value.Craigs Investment Partners said the one-off, unimputed, special dividend of 35 cents per share (cps) is “well short of expectations set at its shareholder meeting” where an indication of up to 65cps was given.Craigs downgraded its target price for Trustpower’s shares from $7.20 to $6.50 and rated it as an “underweight” recommendation.Trustpo...

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