Z Energy clarifies dividend guidance to calm investors

Sun, 04 Nov 2018

By Gavin Evans Nov. 5 (BusinessDesk) - Z Energy has sought to clarify expectations for its second-half dividend after the firm’s shares plunged to a three-year low last week. It says full-year dividends will lie between 32 cents and 41 cents, in accordance with the firm’s September 2017 policy to pay-out more than 90 percent of underlying free cash flow and the reduced earnings guidance the firm provided last week. “This additional announcement is intended to clarify the application of Z’s revised distribution policy in its first year,...

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