Energy

Trustpower special dividend disappoints

Ian Llewellyn
Wed, 20 Apr 2022

Trustpower special dividend disappoints
Trustpower's Lake Coleridge power station. (Image: Trustpower)
Ian Llewellyn
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Bloomberg
Donald Trump Steers Himself into a Legal Morass
Bloomberg | Wed, 29 Jun 2022

I don’t think anyone can doubt that Trump committed crimes, based on the testimony we’ve heard. Serious crimes. 

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.