Mighty River Power Dividend yield

 Price  6.21
 Dividend  0.24
 Earnings  0.11
 Cash-flow  0.42
 Book value  3.45
 Equity  3.44

Mighty River Power is part of Electricity business, which is part of Utilities industry. Mighty River Power is a company from New Zealand, and his stocks are publicly traded.

Mighty River Power stock dividend

Mighty River Power paid a total dividend of 333 million NZD last year, for a market value of 8,613 millions (Market Cap 4,259 millions). Mighty River Power dividend per share is 0.24 NZD, and his stock market price 6.21 NZD.

According to the chart below, where dividend yield is displayed, Mighty River Power has a dividend yield of 3.92%, which is similar to the amount offered by both the market average and companies from New Zealand. However, it is lower than the average of Utilities industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Mighty River Power stocks dividend with other Electricity companies or other of the high New Zealand dividend stocks list.

Dividend yield of Mighty River Power

Mighty River Power Dividend Payout

About the ability of Mighty River Power to maintain his current dividend of NZD 0.24 per share, an amount that accounts for 3.92%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Mighty River Power payout on ernings is currently 218.18%, which is higher than the market average, and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Mighty River Power 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 Mighty River Power is NZD 0.42 per share, which is higher than the dividend per share paid by the company of NZD 0.24, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Mighty River Power, compared againt world market average, New Zealand companies, Utilities industry and Electricity sector companies.

Mighty River Power payout

Mighty River Power Dividend History

Below you will find a table with the historical evolution of Mighty River Power'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* 

*In millions

Then you can see the evolution of Mighty River Power dividend stock, and compare it with the average of New Zealand stocks and that of the Electricity stocks.

Mighty River Power stock dividend history

Mighty River Power Stock performance

Finally, last moth Mighty River Power showed a return of -5.80% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a 7.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for New Zealand and Electricity firms.

Mighty River Power stock and market return