Tilt reaches out to shareholders about dividend decision

Company News

by Anna Napoli

Tilt Renewables (ASX:TLT) has reached out to shareholders regarding its decision not to pay a final dividend for the year ended 31 March 2019.

The renewable energy company says its decision not to pay a final dividend for the year ended 31 March 2019 is due to its recently reached off-take agreement with Genesis Energy.

The board says together with the other opportunities being explored, it has decided to retain the cash currently held by the business to fund project equity requirements.

While it results in no dividend for shareholders, it ensures that any future near-term equity call on shareholders is minimised.

Shares in Tilt Renewables (ASX:TLT) are trading flat at $2.19.
  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.