Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Telecom Sets Up Dividend Reinvestment Plan

Telecom said today it was setting up a Dividend Reinvestment Plan, providing shareholders with a cost-effective way of increasing their investment in Telecom.

Telecom intends to start the plan in time for the third quarter dividend, which expected to be paid in June. Shareholders will soon be sent full details about how to participate in the scheme.

Chairman Roderick Deane said Telecom had been thinking about better ways to meet shareholders’ diverse investment needs and the Dividend Reinvestment Plan gave shareholders ways to invest in Telecom according to their own needs and goals.

“Participation in the plan is entirely optional, so shareholders for whom dividends are an important income source can continue receiving cash dividends and those who prefer to invest for potential long term capital appreciation can join the plan and use their dividends to easily and cheaply buy more Telecom shares,” Dr Deane said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>