Contact signals a higher dividend future
Renewable energy investment and a resolution of Tiwai uncertainty could boost payout.
Contact has announced a new 51.4MW plant at Te Huka, near Taupo, to add to its existing 28MW facility.
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Contact Energy is signalling the potential for higher dividends in years ahead in a pay-off from hefty investment in renewable energy, as well as a likely resolution of uncertainty over the energy-hungry Tiwai aluminium smelter.
The hints came in a presentation for its full-year results this morning
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