As of today (2024-05-10), the Trailing Annual Dividend Yield of Contact Energy is 3.98%.
The historical rank and industry rank for Contact Energy's Dividend Yield % or its related term are showing as below:
NZSE:CEN'
s Dividend Yield % Range Over the Past 10 Years
Min: 3.5 Med: 4.77 Max: 6.94
Current: 3.98
During the past 13 years, the highest Dividend Yield of Contact Energy was 6.94%. The lowest was 3.50%. And the median was 4.77%.
NZSE:CEN's Dividend Yield % is ranked better than 58.47% of 236
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.22
vs NZSE:CEN: 3.98
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Contact Energy Ltd is 0.95, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Contact Energy was 2.60. The lowest was 0.81. And the median was 1.48.
During the past 12 months, Contact Energy's average Dividends Per Share Growth Rate was -17.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 2.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 6.00% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 6.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Contact Energy was 30.80% per year. The lowest was -2.80% per year. And the median was 4.60% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Contact Energy Dividend Yield % Historical Data
The historical data trend for Contact Energy's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Contact Energy's Dividend Yield %
For the Utilities - Renewable subindustry, Contact Energy's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Contact Energy's Dividend Yield % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Contact Energy's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Contact Energy's Dividend Yield % falls into.
Contact Energy Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Contact Energy Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
NZD 0.140000
2024-02-26
2024-02-27
2024-03-18
Cash Dividend
semi-annually
NZD:NZD 1.000000
NZD 0.210000
2023-09-07
2023-09-08
2023-09-26
Cash Dividend
semi-annually
NZD:NZD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Contact Energy's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.35
/
8.86
=
3.95 %
Current Share Price is NZ$8.86. Contact Energy's Dividends per Share for the trailing twelve months (TTM) ended in Today is NZ$0.35.
Contact Energy's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.28
/
8.86
=
3.16 %
Current Share Price is NZ$8.86. Contact Energy's Dividends per Share for the forward twelve months is calculated as NZ$0.14 * 2 = NZ$0.28.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Contact Energy (NZSE:CEN) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of Contact Energy's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Contact Energy is a diversified and integrated energy company. It owns a fleet of hydro, geothermal, and gas-fired generation assets, which produce close to 25% of New Zealand's electricity. It also retails electricity and gas to nearly half a million customers.
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