Tower Dividends and Buybacks
Dividend criteria checks 2/6
Tower is a dividend paying company with a current yield of 4.65% that is well covered by earnings.
Key information
4.7%
Dividend yield
0.0009%
Buyback Yield
| Total Shareholder Yield | 4.7% |
| Future Dividend Yield | 10.1% |
| Dividend Growth | -2.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | NZ$0.060 |
| Payout ratio | 33% |
Recent dividend and buyback updates
Recent updates
Investors Still Aren't Entirely Convinced By Tower Limited's (NZSE:TWR) Earnings Despite 26% Price Jump
Jul 31
Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)
Apr 16Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?
Feb 21Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares
Mar 03Do Institutions Own Tower Limited (NZSE:TWR) Shares?
Feb 17Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.
Jan 24Has 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 09Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TWR's dividend payments have been volatile in the past 10 years.
Growing Dividend: TWR's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Tower Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TWR) | 4.7% |
| Market Bottom 25% (NZ) | 3.3% |
| Market Top 25% (NZ) | 6.0% |
| Industry Average (Insurance) | 3.8% |
| Analyst forecast (TWR) (up to 3 years) | 10.1% |
Notable Dividend: TWR's dividend (4.65%) is higher than the bottom 25% of dividend payers in the NZ market (3.25%).
High Dividend: TWR's dividend (4.65%) is low compared to the top 25% of dividend payers in the NZ market (5.98%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.8%), TWR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (351.2%), TWR's dividend payments are not well covered by cash flows.