Meridian Energy's dividends per share for the
six
months ended in Dec. 2023 was NZ$0.12. Its dividends per share for the trailing twelve months (TTM) ended in Dec. 2023 was NZ$0.18. Its Dividend Payout Ratio for the
six
months ended in Dec. 2023 was 1.63. As of today, Meridian Energy's Dividend Yield % is 2.79%.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Meridian Energy Ltd is 5.42, which seems too high.
Warning Sign:
Meridian Energy Ltd stock dividend yield is close to 3-year low.
During the past 12 months, Meridian Energy's average Dividends Per Share Growth Rate was -14.40% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 8.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 7.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Meridian Energy was 40.90% per year. The lowest was 3.40% per year. And the median was 6.20% per year.
For more information regarding to dividend, please check our Dividend Page.
Meridian Energy Dividends per Share Historical Data
The historical data trend for Meridian Energy's Dividends per Share 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 Meridian Energy's Dividends per Share
For the Utilities - Renewable subindustry, Meridian 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.
Meridian Energy's Dividend Yield % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Meridian Energy's Dividend Yield % falls into.
Meridian Energy Dividends per Share Calculation
Dividends paid to per common share.
Meridian Energy (NZSE:MEL) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Meridian Energy's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Meridian Energy was 5.42. The lowest was 0.56. And the median was 1.39.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Meridian Energy Ltd is 5.42, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Meridian Energy Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
NZD 0.061500
2024-03-08
2024-03-11
2024-03-26
Cash Dividend
semi-annually
NZD:NZD 1.000000
NZD 0.119000
2023-09-06
2023-09-07
2023-09-22
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.
Meridian Energy's Dividend Yield (%) for Today is calculated as
Current Share Price is NZ$6.475.
Meridian Energy's Dividends per Share for the trailing twelve months (TTM) ended in Today is NZ$0.1805.
During the past 13 years, the highest Dividend Yield of Meridian Energy was 5.50%. The lowest was 1.79%. And the median was 3.56%.
Warning Sign:
Meridian Energy Ltd stock dividend yield is close to 3-year low.
* 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.
Meridian Energy Dividends per Share Related Terms
Thank you for viewing the detailed overview of Meridian Energy's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.
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