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The latest update is out from Meridian Energy Limited ( (MDDNF) ).
Meridian Energy has issued 9,824,064 new ordinary shares under its Dividend Reinvestment Plan in connection with the 2026 interim ordinary dividend. The shares, priced at NZ$5.4186 each and representing about 0.37% of the existing ordinary share class, lift the company’s total ordinary shares on issue to 2,648,597,400, modestly diluting existing holdings while reinforcing equity capital through reinvested dividends.
The capital change, executed entirely in cash via the DRP established in August 2021, signals ongoing shareholder uptake of the reinvestment option and supports Meridian’s balance sheet without resorting to external equity raisings. This incremental equity funding mechanism may provide the company with greater financial flexibility for future investment and operations, while offering investors an alternative to cash dividend payouts.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based electricity generator and retailer listed on both the NZX (MEL) and ASX (MEZ). The company primarily produces renewable energy, operating large-scale generation assets and selling electricity to residential, commercial, and industrial customers in its home market.
For a thorough assessment of MDDNF stock, go to TipRanks’ Stock Analysis page.