Spark New Zealand Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   NZD per share 
 Price  3.46
 Dividend  0.58
 Earnings  0.33
 Cash-flow  0.39
 Book value  0.91
 Equity  0.92

Spark New Zealand is part of Fixed Line Telecommunications business, which is part of Telecommunications industry. Spark New Zealand is a company from New Zealand, and his stocks are publicly traded.

Spark New Zealand paid a total dividend of 1,063 million NZD last year, for a market value of 6,342 millions (Market Cap 6,330 millions). Dividend per share of Spark New Zealand is 0.58 NZD, and his stock market price 3.46 NZD.

According to the chart below, where dividend yield is displayed, Spark New Zealand has a dividend yield of 16.64%, which is higher than the amount offered by both the market average and companies from New Zealand. It is also bigger than average of Telecommunications 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 Spark New Zealand dividend yield with other Fixed Line Telecommunications companies or firms from New Zealand.

Dividend yield of Spark New Zealand

Spark New Zealand Dividend Payout

About the ability of Spark New Zealand to maintain his current dividend of NZD 0.58 per share, an amount that accounts for 16.64%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Spark New Zealand payout on ernings is currently 175.76%, which is higher than the market average, and companies of Telecommunications industry, which are 38.58% and 47.98% respectively. Both figures show that Spark New Zealand 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 Spark New Zealand is NZD 0.39 per share, which is lower than the dividend per share paid by the company of NZD 0.58, 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 Spark New Zealand, compared againt world market average, New Zealand companies, Telecommunications industry and Fixed Line Telecommunications sector companies. You might also need to check full financial report of Spark New Zealand.

Spark New Zealand payout

Spark New Zealand Stock performance

Finally, last moth Spark New Zealand showed a return of 3.60% compared to a worldwide 2.15% average, and a 2.20% of Telecommunications firms. Over the last year, the company obtained a -6.40% versus a worldwide performance of a 12.59%. More detailed information can be seen in the following graph for New Zealand and Fixed Line Telecommunications firms.

Spark New Zealand stock and market return

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