NZ's Meridian Energy falls most in more than 4 months on trading ex-dividend

Meridian Energy

06/09/2023 05:17

** Shares of Meridian Energy  MEL.NZ  slip as much as 2.6%
to NZ$5.200, hitting their lowest level since April 27 
    ** The country's largest renewable energy generator trades
ex-dividend 
    ** MEL declared a final ordinary dividend of 11.90 NZ cents
per share last month 
    ** Stock on track for a second consecutive session of
losses, if trend holds
    ** MEL stock up 1.9% YTD, as of last close 
    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))