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Channel Infrastructure NZ Limited ( (NZRFF) ) has issued an announcement.
Channel Infrastructure NZ Limited, New Zealand’s largest fuel import terminal business, plays a critical role in the country’s transport and jet fuel supply through its Marsden Point facilities, large-scale storage and pipeline infrastructure to Auckland. The company is also pursuing growth by expanding storage capacity, advancing the Marsden Point Energy Precinct for future low-carbon fuels and energy security projects, and leveraging its interests in pipeline and fuel testing operations.
The company has set the NZD/AUD foreign exchange rate for its FY25 final dividend at NZD 1 = AUD 0.817916 for investors receiving payments in Australian dollars, with the dividend scheduled for payment on 26 March 2026. An updated notification confirms the strike price of NZD 2.7355 for calculating share entitlements under the Dividend Reinvestment Plan, clarifying key parameters for shareholders electing to reinvest their dividends or receive them in cash.
More about Channel Infrastructure NZ Limited
Channel Infrastructure NZ Limited is New Zealand’s largest fuel import terminal operator, handling around 40% of the country’s transport fuel and 80% of its jet fuel. Operating from Marsden Point, it receives, stores, tests and distributes petrol, diesel and jet fuel via a deep-water harbour, extensive tank storage and a 170-kilometre pipeline to Auckland, with additional distribution by truck into Northland.
The company underpins fuel supply resilience through significant storage capacity and low-emission pipeline transport, and is positioned to support New Zealand’s renewable fuel transition. Its growth strategy centres on expanding fuel storage, developing the Marsden Point Energy Precinct for lower-carbon fuels and energy security opportunities, and exploring expansion beyond Marsden Point, alongside interests such as a 25% stake in the Somerton jet fuel pipeline to Melbourne Airport and fuel testing services via its subsidiary Independent Petroleum Laboratory Limited.
See more insights into NZRFF stock on TipRanks’ Stock Analysis page.