A tale of two capital returns, Meridian’s and Contact’s
Contact Energy chose to return capital to shareholders through a share buyback while Meridian Energy chose to pay special dividends. With special audio feature.
Jenny Ruth Fri, 26 Feb 2016
What’s the best method a company should use to return capital it doesn’t need to shareholders?
Two of New Zealand’s electricity retailers and generators, Meridian Energy [NZX:MEL] and Contact Energy [NZX: CEN], are currently demonstrating the results of two of the alternatives. Some of Meridian’s