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Meridian Energy Limited ( (MDDNF) ) has shared an announcement.
Meridian Energy has set the strike price for shares to be issued under its Dividend Reinvestment Plan for the 2026 interim ordinary dividend at NZ$5.4186 per share. The price was calculated as the volume-weighted average price of Meridian shares traded on the NZX Main Board over five business days from 5 March 2026, adjusted to include a 2% discount.
Shareholders who have opted into the Dividend Reinvestment Plan will receive new Meridian shares instead of a cash payout for the 2026 interim ordinary dividend, with allocation scheduled for 24 March 2026. The move reinforces Meridian’s use of equity-based distributions to retain cash within the business, potentially supporting balance sheet strength and future investment while still rewarding shareholders.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-incorporated electricity generator and retailer listed on both the NZX (ticker: MEL) and ASX (ticker: MEZ). The company focuses on supplying energy to residential, commercial, and industrial customers, with its operations centred in the New Zealand power market.
For a thorough assessment of MDDNF stock, go to TipRanks’ Stock Analysis page.