Air New Zealand Dividend yield




   NZD/share 
 Price  1.80
 Dividend  0.26
 Earnings  -0.36
 Cash-flow  0.24
 Book value  1.20
 Equity  1.51

Air New Zealand is part of Travel and Leisure business, which is part of Consumer Services industry. Air New Zealand is a company from New Zealand, and his stocks are publicly traded.

Air New Zealand paid a total dividend of 292 million NZD last year, for a market value of 2,021 millions (Market Cap 912 millions). Dividend per share of Air New Zealand is 0.26 NZD, and his stock market price 1.80 NZD.

According to the chart below, where dividend yield is displayed, Air New Zealand has a dividend yield of 14.38%, which is higher than the amount offered by both the market average and companies from New Zealand. It is also bigger than average of Consumer Services industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Air New Zealand dividend yield with other Travel and Leisure companies or firms from New Zealand.

Dividend yield of Air New Zealand

Air New Zealand Dividend Payout

About the ability of Air New Zealand to maintain his current dividend of NZD 0.26 per share, an amount that accounts for 14.38%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Air New Zealand payout on ernings is currently -72.22%, which is lower than the market average and companies of Consumer Services industry, which are 38.57% and 29.05% respectively. Both figures lead us to believe that there is confidence that Air New Zealandcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Air New Zealand is NZD 0.24 per share, which is lower than the dividend per share paid by the company of NZD 0.26, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Air New Zealand, compared againt world market average, New Zealand companies, Consumer Services industry and Travel and Leisure sector companies.

Air New Zealand payout

Air New Zealand Dividend History

Year Yield  NZD  Paypout  Shares* 
Present14.38%0.26-72.22%1,123
20198.83%0.2692.86%1,123
20188.35%0.2668.42%1,123
20177.74%0.2567.57%1,123
201610.89%0.2454.55%1,121
20156.92%0.1965.52%1,121

*In millions

Air New Zealand Stock performance

Finally, last moth Air New Zealand showed a return of -1.10% compared to a worldwide 3.99% average, and a 2.70% of Consumer Services firms. Over the last year, the company obtained a -38.60% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for New Zealand and Travel and Leisure firms.

Air New Zealand stock and market return