New Zealand Energy (TSE:NZ) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
New Zealand Energy Corp. has announced that while it aims to be ‘dividend oriented’ and plans to return at least 50% of free cashflow to shareholders, it has not yet formalized a dividend policy. The company stated that if a formal policy is adopted, details including the commencement date and timing for declaring dividends will be released. However, there is no certainty that a dividend policy will be established soon or at all.
For further insights into TSE:NZ stock, check out TipRanks’ Stock Analysis page.
