Contact stages an about-face to return $367m to shareholders
Contact Energy shares surge on news of special dividend.
Jenny Ruth talks about Contact Energy on NBR Radio and on demand on MyNBR Radio.
Contact Energy [NZX: CEN] shares jumped as much as 15% after the company staged a complete about-face, saying it can’t find any suitable investments and that it will return $367 million to shareholders.
That will be by way of a special, fully-franked dividend of 50 cents per share.
The
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Jenny Ruth
Mon, 25 May 2015
Mon, 25 May 2015
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Contact stages an about-face to return $367m to shareholders
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