Originally posted by flyernzl
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Collectively, a giant fraud on taxpayers; a broken disaster initiated by Tax Bradford.
Treasury Report
The graph shows that, following large ordinary and special dividends in 2009/10, Mighty River Power’s ordinary dividends to the Crown since 2010/11 have been broadly consistent, at between $90 million and $120 million a year, with two special dividends paid on top of this in the last two years.
The graph shows the same story as for Mighty River Power, and the reason is the same - Genesis Energy increased its dividends significantly, although this happened just before the Crown sold some of its shares, while Genesis Energy was preparing itself for being a listed company.
The graph below shows total dividends paid by Meridian Energy to all shareholders (not just the Crown) again with ordinary dividends in blue and special dividends in red.
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