New Zealand's Mercury NZ falls on trading ex-dividend

Mercury NZ

13/09/2023 04:46

** Shares of Mercury NZ  MCY.NZ  drop as much as 5.1% to
NZ$5.90, their biggest intraday pct fall since Feb. 20
    ** The electricity retailer trades ex-dividend
    ** Last month, co declared a final dividend of 13.1 NZ cents
per share
    ** Stock hits lowest level since March 23
    ** As of last close, stock up ~12% this year
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))