Mighty River Power Dividend yield




   NZD/share 
 Price  6.50
 Dividend  0.19
 Earnings  0.17
 Cash-flow  0.26
 Book value  2.71
 Equity  2.62

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 paid a total dividend of 259 million NZD last year, for a market value of 8,853 millions (Market Cap 4,382 millions). Dividend per share of Mighty River Power is 0.19 NZD, and his stock market price 6.50 NZD.

According to the chart below, where dividend yield is displayed, Mighty River Power has a dividend yield of 2.93%, 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 dividend yield with other Electricity companies or firms from New Zealand.

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 0.19 per share, an amount that accounts for 2.93%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Mighty River Power payout on ernings is currently 111.76%, which is higher than the market average, and companies of Utilities industry, which are 38.16% and 58.26% 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 0.26 per share, which is higher than the dividend per share paid by the company of NZD 0.19, 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

Year Yield  NZD  Paypout  Shares* 
Present2.93%0.19111.76%1,362
20202.85%0.19126.67%1,362
20193.61%0.1869.23%1,362
20184.87%0.1894.74%1,362
20176.84%0.23164.29%1,377
20165.59%0.17130.77%1,377
20155.68%0.16533.33%1,377

*In millions

Mighty River Power Stock performance

Finally, last moth Mighty River Power showed a return of 7.40% compared to a worldwide 4.25% average, and a 7.19% of Utilities firms. Over the last year, the company obtained a 54.00% versus a worldwide performance of a 53.42%. More detailed information can be seen in the following graph for New Zealand and Electricity firms.

Mighty River Power stock and market return