NZSE:CENElectric Utilities
NZ$450m Equity Raise And Dividends Could Be A Game Changer For Contact Energy (NZSE:CEN)
In recent days, Contact Energy Limited completed a Follow-on Equity Offering of NZ$450,000,005, issuing 51,428,572 ordinary shares at NZ$8.75 each, alongside declaring both regular and special cash dividends for the six months ended 31 December 2025.
This sizeable capital raise, coming shortly after reporting higher half-year net income despite lower sales and a reduced dividend, highlights Contact’s focus on funding growth while reshaping its balance between reinvestment and shareholder...