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Meridian Energy Limited Stock Dividends Overview

MEL.NZ pays dividends biannually. Last paid amount was $0.0702 at Mar 26, 2024. As of today, dividend yield (TTM) is 3.47%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 3.47%
Frequency Biannually
1Y Growth -41.02%
Payout Ratio 0
Amount Per Share $0.0702
Meridian Energy Limited has not yet announced its next dividend date. Last payment date was: Mar 26, 2024.

MEL Dividend Payout History

To ensure a understanding of MEL's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2024 Mar 08, 2024 Mar 26, 2024 $0.0702 1.20%
2 Sep 06, 2023 Sep 06, 2023 Sep 06, 2023 $0.119 2.27%
3 Mar 07, 2023 Mar 07, 2023 Mar 07, 2023 $0.0600 1.14%
4 Sep 07, 2022 Sep 07, 2022 Sep 07, 2022 $0.150 3.07%
5 Mar 17, 2022 Mar 17, 2022 Mar 17, 2022 $0.0585 1.16%
6 Sep 29, 2021 Sep 29, 2021 Sep 29, 2021 $0.112 2.25%
7 Mar 30, 2021 Mar 30, 2021 Mar 30, 2021 $0.0570 1.07%
8 Sep 29, 2020 Sep 29, 2020 Sep 29, 2020 $0.112 2.30%
9 Mar 30, 2020 Mar 30, 2020 Mar 30, 2020 $0.0244 0.605%
10 Sep 27, 2019 Sep 27, 2019 Sep 27, 2019 $0.0244 0.471%

Dividend Sustainability

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Sustainability score

Low (0.72%)

Growth potential

Stable (19.01%)

MEL Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from MEL dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in MEL stock here.

Comparing MEL to Sector and Country

MEL.NZ pays a solid dividend yield of 3.47%, which is higher than the average of the bottom 25% of dividend payers in the NZ market (1.97%). MEL.NZ’s dividend yield is lower than the average of the top 25% of dividend payers in the Utilities sector in the NZ market (7.08%), which means that there are more attractive dividend stocks to consider.

FAQ

What factors can affect the amount of MEL.NZ's dividend payments?
The amount of MEL.NZ's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in MEL.NZ sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from MEL.NZ stock be automatically reinvested?
If MEL.NZ offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy MEL.NZ stock.

How often does MEL.NZ pay dividend?
Meridian Energy Limited (MEL.NZ) pays dividends biannually. The most recent payout was on Mar 26, 2024.

How much does MEL.NZ pays per share?
The last recorder (Mar 08, 2024) dividend per share was $0.0702.

What is MEL.NZ dividend growth rate?
Over the last year, Meridian Energy Limited has witnessed growth rate of -41.02% . Looking back over the past 3 years, this growth rate has been -14.43%. Furthermore, examining the past 5 years, Meridian Energy Limited has maintained an average Dividends Per Share Growth Rate of 23.53%.
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About Meridian Energy Limited

Meridian Energy Limited Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. It generates electricity through wind farms, hydro power stations, and solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing... MEL.NZ Profile

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