NZSE:CENElectric Utilities
Assessing Contact Energy (NZSE:CEN) Valuation After Capital Raise Dividend Trim And Earnings Update
Why Contact Energy’s latest capital raise matters for shareholders
Contact Energy (NZSE:CEN) has just completed a follow on equity offering of NZ$450.0 million at NZ$8.75 per share, shortly after releasing half year results and trimming its latest dividend payout.
See our latest analysis for Contact Energy.
Following the capital raise and dividend trim, Contact Energy’s share price has edged up in the very short term, with a 1 day share price return of 1.19%. The 1 year total shareholder...