New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>We upgrade Meridian Energy (MEL) to NEUTRAL from UNDERPERFORM.</li><li>MEL has delivered a strong FY24 result, in line with expectations, and its new dividend policy resulted in a big dividend uplift. </li><li>MEL's sector low debt level should result in solid ongoing dividend growth. </li></ul>

We upgrade Meridian Energy (MEL) to NEUTRAL from UNDERPERFORM.MEL has delivered a strong FY24 result, in line with expectations, and its new dividend policy resulted in a big dividend uplift. MEL's sector low debt level should result in solid ongoing dividend growth. 

Meridian Energy - Dividend Amped — FY24 Result