High to Low Dividend Yield

Note that these rankings are purely a result of combining existing data and should not be taken to be an endorsement or recommendation to buy or sell.

This table shows all of the companies listed on the NZX in order of high to low Dividend Yield %. This is defined as the current or most recently  available previous calendar years dividends divided by the current share price. As an example.... company XYZ had two dividends last year of $0.05 and $0.10 making a total of $0.15. Current share price is $2.15. This makes the Dividend Yield % 0.15 divided by 2.15 x 100=6.976 or 6.98% (rounding to 2 decimal places). Be aware that the Dividend Yield % can be slightly misleading in that it is comparing a full calendar year of dividends to the current share price. This means that if you own shares at a lower  price than its current price, your dividend yield % will actually be higher and the reverse for a higher share price....assuming of course that the dividend remains constant.

IMPORTANT There are aspects here that should be remembered at all times.. the figures that create the dividend yield are constantly changing. Firstly the share price will go up and down and secondly the declared dividends will/may fluctuate from year to year. Both of these aspects are beyond control. However, by examining the dividend history over the years from a "reliability" point of view we can make an educated guess as to its future. This information can be viewed by linking on the Details link in the "Dividend History" column. The share price history can be viewed by way of the NZX site, www.anzsecurities.co.nz or various other sites. At the risk of stating the obvious, the future share price is also in the "educated guess" category. By combining these factors with some research into the background and current situation of the company we can hopefully increase our chances of success.

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