Dividend criteria checks 4/6
Tower Limited is a dividend paying company with a current yield of 12.0% that is well covered by earnings.
|Industry average yield||2.7%|
|Next dividend pay date||n/a|
|Ex dividend date||n/a|
|Dividend per share||NZ$0.08|
|Earnings per share||NZ$0.046|
|Dividend yield forecast in 3Y||10.2%|
Recent dividend updates
Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More SharesMar 03
Do Institutions Own Tower Limited (NZSE:TWR) Shares?Feb 17
Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.Jan 24
Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Dec 30
Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?Dec 09
Dividend Yield vs Market
|Tower Dividend Yield vs Market|
|Market Bottom 25% (NZ)||3.0%|
|Market Top 25% (NZ)||6.2%|
|Industry Average (Insurance)||2.7%|
|Analyst forecast in 3 Years (TWR)||10.2%|
Notable Dividend: TWR's dividend (11.94%) is higher than the bottom 25% of dividend payers in the NZ market (2.96%).
High Dividend: TWR's dividend (11.94%) is in the top 25% of dividend payers in the NZ market (6.15%)
Stability and Growth of Payments
|Month||Dividend Per Share (annual)||Avg. Yield (%)|
Stable Dividend: TWR's dividend payments have been volatile in the past 10 years.
Growing Dividend: TWR's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (146.8%), TWR's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (83.4%), TWR's dividend payments are covered by cash flows.