NZX Limited operates a stock exchange in New Zealand. The company operates through five segments: Capital Markets Origination, Secondary Markets, Data & Insights, Funds Management, and Wealth Technologies. The Capital Markets Origination segment provides issuer services for current and prospective customers. The Secondary Markets segment provides trading and post-trade services for securities and derivatives markets, as well as provides central securities depository; and acts as a market operator for Fonterra Co-Operative Group, the Electricity Authority, and the Ministry for the Environment. The Data & Insights segment offers information services for the securities and derivatives markets; and analytics for the dairy sector. The Funds Management segment provides superannuation and KiwiSaver, and Smartshares exchange traded funds. The Wealth Technologies segment offers funds administration and custodian services. It also offers NZX Wealth Technologies, a platform that enables advisers and brokers to manage client investments. NZX Limited was founded in 1866 and is headquartered in Wellington, New Zealand.
NZX Dividend Announcement
• NZX announced a semi annually dividend of NZ$0.03 per ordinary share which will be made payable on 2024-10-03. Ex dividend date: 2024-09-17
• NZX annual dividend for 2024 was NZ$0.06
• NZX annual dividend for 2023 was NZ$0.06
• NZX's trailing twelve-month (TTM) dividend yield is 4.07%
• NZX's payout ratio for the trailing twelve months (TTM) is 83.61%
• NZX's dividend growth over the last five years (2018-2023) was 5.81% year
• NZX's dividend growth over the last ten years (2013-2023) was 10.99% year
NZX Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-17 | NZ$0.03 | semi annually | 2024-10-03 |
2024-03-14 | NZ$0.03 | semi annually | |
2023-09-20 | NZ$0.03 | semi annually | 2023-10-05 |
2023-03-01 | NZ$0.03 | semi annually | 2023-03-16 |
2022-09-08 | NZ$0.04 | semi annually | 2022-09-23 |
2022-02-23 | NZ$0.03 | semi annually | 2022-03-10 |
2021-09-09 | NZ$0.03 | semi annually | 2021-09-24 |
2021-03-11 | NZ$0.03 | semi annually | 2021-03-26 |
2020-09-03 | NZ$0.03 | semi annually | 2020-09-18 |
2020-03-05 | NZ$0.03 | semi annually | 2020-03-20 |
2019-08-29 | NZ$0.03 | semi annually | 2019-09-13 |
2019-03-07 | NZ$0.03 | semi annually | 2019-03-22 |
2018-08-30 | NZ$0.01 | semi annually | 2018-09-14 |
2018-03-08 | NZ$0.03 | semi annually | 2018-03-23 |
2017-08-31 | NZ$0.03 | semi annually | 2017-09-15 |
2017-03-09 | NZ$0.03 | semi annually | 2017-03-24 |
2016-09-01 | NZ$0.03 | semi annually | |
2016-03-15 | NZ$0.03 | semi annually | |
2015-08-31 | NZ$0.04 | semi annually | |
2015-03-11 | NZ$0.03 | semi annually | |
2014-08-27 | NZ$0.03 | semi annually | |
2014-03-05 | NZ$0.02 | semi annually | |
2013-11-28 | NZ$0.01 | semi annually | |
2013-08-29 | NZ$0.00 | semi annually | |
2013-05-15 | NZ$0.00 | semi annually | |
2013-03-06 | NZ$0.00 | semi annually |
NZX Dividend per year
NZX Dividend growth
NZX Dividend Yield
NZX current trailing twelve-month (TTM) dividend yield is 4.07%. Interested in purchasing NZX stock? Use our calculator to estimate your expected dividend yield:
NZX Financial Ratios
NZX Dividend FAQ
Other factors to consider when evaluating NZX as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Place an order: Use the brokerage's trading platform to place an order to buy NZX stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: NZX's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, NZX publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, NZX distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from NZX are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: NZX sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, NZX distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: NZX declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of NZX's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review NZX's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.