Tower Limited

NZSE:TWR Stock Report

Mkt Cap: NZ$252.4m

Tower Dividend

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.

Key information

12.0%

Dividend yield

147%

Payout ratio

Industry average yield2.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per shareNZ$0.08
Earnings per shareNZ$0.046
Dividend yield forecast in 3Y10.2%

Recent dividend updates

Recent updates

Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Mar 03
Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Feb 17
Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Jan 24
Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Dec 30
Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Dec 09
Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Dividend Yield vs Market

Tower Dividend Yield vs Market
How does TWR dividend yield compare to the market?
SegmentDividend Yield
Company (TWR)12.0%
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

How stable has Tower's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
9/30/20250.071
9/30/20240.0682
9/30/20230.0651
2/2/20230.0812.03
11/22/20220.0811.32
5/25/20220.057.77
11/25/20210.057.18
2/22/20210.056.91
5/29/2018-0
11/14/2017-0
5/24/2017-0
11/29/2016-0
11/23/20150.1611.73
5/26/20150.178.07
11/27/20140.167.2
5/27/20140.136.63
11/26/20130.116.63
11/25/20130.116.43
11/28/20120.115.95
6/28/20120.073.94

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.

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