Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Mercury NZ ( (MGHTF) ).
Mercury NZ Limited has announced the issuance of 10,427,857 ordinary shares under its Dividend Reinvestment Plan (DRP) for the FY2025 final dividend. This issuance, which represents 0.74% of the total class of financial products, reflects Mercury’s ongoing commitment to providing value to its shareholders through reinvestment opportunities. The new shares are fully paid and rank equally with existing ordinary shares, potentially enhancing shareholder value and reinforcing Mercury’s position in the renewable energy sector.
More about Mercury NZ
Mercury NZ Limited is a company that generates electricity from 100% renewable sources, including hydro, geothermal, and wind. It also provides retail services for electricity, gas, broadband, and mobile services. Mercury is listed on both the New Zealand Stock Exchange and the Australian Stock Exchange under the ticker symbol ‘MCY’, with the New Zealand Government holding a minimum 51% shareholding.
For an in-depth examination of MGHTF stock, go to TipRanks’ Overview page.