Forum Archive Index - August 2000

[richard hermans <r.m.hermans@xtra.co.nz>]

Ben, what % was paid out in Divs previously ???just curious. I tried to
get in & buy at 7.20  by time Id lodged the buy for 7.25 they were
already past that mark !!!moved fast off its bottom level; Regards
Margie

Ben Dutton wrote:
> 
> Extract from TEL Press Release
> 
> Dr Deane said investments for future growth, including some yet to be
> identified, require Telecom to maintain strong cash flows and financial
> flexibility.
> 
> "Given our growth outlook, a change in our dividend policy is now
> appropriate," Dr Deane said. "Going forward, Telecom intends to make an
> annual dividend pay out of around 50% of net earnings. This target will, as
> in the past, depend on the level of Telecom earnings and cash flows, and on
> any particular investment opportunities which might arise."
> 
> **
> 
> In light of the recent discussion on the ShareChat Forum with regards to
> dividends, I find the above turn-around by Telecom interesting.
> 
> Personally, I think that this change in strategy is a *good thing* for
> Telecom's future as a competitive, flexible and expanding company.
> 
> There could be downside (and TEL dropped like a stone after the market
> opened this morning) as some investors sell, but IMHO this strategy will
> ultimately pay off for TEL.
> 
> I'd be interested in finding out other chatters opinions.
> 
> Best Regards,
> 
> Benjamin Dutton
> 
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