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.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: