Meridian Energy Limited Stock Dividends
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
AI Analysis of MEL.NZ
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 3.47% |
|---|---|
| Frequency | Biannually |
| 1Y Growth | -41.02% |
| Payout Ratio | 0 |
| Amount Per Share | $0.0702 |
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Meridian Energy Limited has not yet announced its next dividend date. Last payment date was: Mar 26, 2024.
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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.
| # | 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
Growth potential
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 (1.95%). 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.
