Mainfreight Dividend yield

Mainfreight is part of Industrial Transportation business, which is part of Industrials industry. Mainfreight is a company from New Zealand, and his stocks are publicly traded.

Mainfreight stock dividend

Mainfreight paid a total dividend of 205 million NZD last year, for a market value of 6,622 millions (Market Cap 5,281 millions). Mainfreight dividend per share is 2.03 NZD, and his stock market price 65.56 NZD.

According to the chart below, where dividend yield is displayed, Mainfreight has a dividend yield of 3.09%, lower than the amount offered by both the market average and companies from New Zealand. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Mainfreight stocks dividend with other Industrial Transportation companies or other of the high New Zealand dividend stocks list.

Mainfreight Dividend Payout

About the ability of Mainfreight to maintain his current dividend of NZD 2.03 per share, an amount that accounts for 3.09%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Mainfreight payout on ernings is currently 45.82%, which is higher than the market average, and companies of Industrials industry, which are 39.34% and 37.26% respectively. Both figures show that Mainfreight can have problems to keep with his present dividend yield.

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 Mainfreight is NZD 7.54 per share, which is higher than the dividend per share paid by the company of NZD 2.03, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Mainfreight, compared againt world market average, New Zealand companies, Industrials industry and Industrial Transportation sector companies.

Mainfreight Dividend History

Below you will find a table with the historical evolution of Mainfreight's dividend stock, both in percentage and in NZD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	NZD	Paypout	Shares*
Present	3.09%	2.03	45.82%	101
2022	3.00%	2.03	54.72%	101

*In millions

Mainfreight Stock performance

Finally, last moth Mainfreight showed a return of -3.40% compared to a worldwide -2.49% average, and a -2.39% of Industrials firms. Over the last year, the company obtained a -12.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for New Zealand and Industrial Transportation firms.