Air New Zealand Limited (AIR.NZ) Stock Price & Analysis

NZX Share Price, Dividends & Financials

Industrials

Website

Price

$0.425

Dividend Yield

6.02%

Annual yield

Market Cap

Total value

P/E Ratio

-55.0

Price to earnings

Dividend Information

Annual Rate

0.01

Per share annually

Last Dividend

0.01

10/09/2025

Ex-Dividend

11/09/2025

Next ex-date

Payout Ratio

75.00

Of earnings

Years Paying

Consecutive

5Y Avg Yield

7.91

Historical avg

Stock Analysis Summary

01-04-2026

Air New Zealand Limited (AIR.NZ) is a prominent airline company listed on the New Zealand Stock Exchange. As of the latest data, Air New Zealand does not currently pay dividends. This is largely due to the financial challenges faced by the airline industry, especially following the global disruptions caused by the COVID-19 pandemic. Historically, when dividends were paid, they were distributed semi-annually. However, the company has suspended dividends to focus on financial recovery and operational stability. The absence of a dividend yield means that Air New Zealand may not align with the expectations of income-focused investors seeking reliable dividend income. Compared to sector averages, which often include consistent dividend-paying airlines, Air New Zealand's current strategy is more focused on long-term growth and stability rather than immediate income distribution. Given these factors, Air New Zealand is not currently a retiree-friendly dividend stock. Investors might wonder: Will Air New Zealand reinstate dividends as the industry recovers?

Dividend Calendar

Track upcoming dividend dates for all NZX companies

View Calendar

Upcoming Ex-Dates

1 company

Next 30 days

Payment Dates

1 payment

This month

Avg Yield

All sectors

Dividend Growth History

61 payments tracked

-50.0% total growth

Latest Dividend

$0.013

Ex-date: 9/11/2025

Recent Change

+0.0%

vs previous payment

Valuation Metrics

Forward P/E-13.08

EPS-0.01

Revenue Per Share1.976

Financial Health

Current Ratio0.772

Quick Ratio0.584

Cash Per Share0.451

Air New Zealand Limited Dividend History

AIR dividend payment dates, amounts, and ex-dividend history

Ex Dividend Date	Payable Date	Dividend Amount	Amount Change	Adjusted Price	Close Price
11/09/2025	25/09/2025	0.0125	N/A	0.6	0.6
06/03/2025	19/03/2025	0.0125	-16.67%	0.64	0.64
12/09/2024	26/09/2024	0.015	-25%	0.55	0.55
07/03/2024	21/03/2024	0.02	-66.67%	0.58	0.6
07/09/2023	21/09/2023	0.06	-45.45%	0.73	0.77
12/03/2020	N/A	0.11	-38.72%	1	1.08
11/03/2020	N/A	0.1795	63.18%	0.45	0.52
05/09/2019	18/09/2019	0.11	N/A	1.5	1.72
14/03/2019	27/03/2019	0.11	N/A	1.21	1.44
06/09/2018	19/09/2018	0.11	N/A	1.58	1.97
08/03/2018	16/03/2018	0.11	N/A	1.57	2.02
07/09/2017	18/09/2017	0.11	10%	1.61	2.15
09/03/2017	17/03/2017	0.1	-34.71%	1.06	1.46
08/09/2016	N/A	0.1532	-38.74%	0.88	1.26
07/09/2016	N/A	0.25	308.06%	0.79	1.14
10/03/2016	N/A	0.0613	-38.74%	1.08	1.74
09/03/2016	N/A	0.1	71.82%	1.09	1.75
09/09/2015	N/A	0.0582	-38.73%	0.89	1.48
08/09/2015	N/A	0.095	138.56%	0.91	1.5
11/03/2015	N/A	0.0398	-38.74%	1.02	1.76
10/03/2015	N/A	0.065	92.90%	0.97	1.67
10/09/2014	N/A	0.0337	-38.73%	0.72	1.26
09/09/2014	N/A	0.055	99.50%	0.67	1.19
12/03/2014	N/A	0.0276	-38.74%	0.62	1.12
11/03/2014	N/A	0.045	46.91%	0.68	1.25
11/09/2013	N/A	0.0306	247.14%	0.45	0.83
10/09/2013	N/A	0.0088	172.09%	0.49	0.93
13/03/2013	N/A	0.0032	-89.19%	0.47	0.9
12/03/2013	N/A	0.03	39.91%	0.48	0.94
12/09/2012	N/A	0.0214	-38.73%	0.35	0.68
11/09/2012	N/A	0.035	7.36%	0.36	0.71
07/03/2012	N/A	0.0326	166.06%	0.26	0.53
05/03/2012	N/A	0.0123	-20.00%	0.27	0.53
05/09/2011	N/A	0.0153	-38.74%	0.33	0.68
04/09/2011	N/A	0.025	670.89%	0.32	0.67
09/03/2011	N/A	0.0032	-38.74%	0.36	0.74
08/03/2011	N/A	0.0053	22.40%	0.32	0.68
08/09/2010	N/A	0.0043	-89.19%	0.38	0.78
07/09/2010	N/A	0.04	117.64%	0.36	0.78
16/03/2010	N/A	0.0184	-38.74%	0.38	0.81
15/03/2010	N/A	0.03	39.91%	0.36	0.78
14/09/2009	N/A	0.0214	-38.73%	0.34	0.74
13/09/2009	N/A	0.035	90.43%	0.33	0.74
16/03/2009	N/A	0.0184	-38.74%	0.25	0.55
15/03/2009	N/A	0.03	39.91%	0.24	0.55
10/09/2008	N/A	0.0214	-38.73%	0.29	0.67
09/09/2008	N/A	0.035	14.26%	0.25	0.58
17/03/2008	N/A	0.0306	-38.74%	0.34	0.8
16/03/2008	N/A	0.05	63.23%	0.32	0.79
17/09/2007	N/A	0.0306	-38.74%	0.56	1.37
16/09/2007	N/A	0.05	172.05%	0.6	1.51
14/03/2007	N/A	0.0184	-81.62%	0.5	1.25
13/03/2007	N/A	0.1	552.91%	0.55	1.43
11/09/2006	N/A	0.0153	-38.74%	0.28	0.7
10/09/2006	N/A	0.025	63.23%	0.3	0.82
13/03/2006	N/A	0.0153	-38.74%	0.31	0.81
12/03/2006	N/A	0.025	63.23%	0.31	0.85
19/09/2005	N/A	0.0153	-38.74%	0.28	0.74
18/09/2005	N/A	0.025	63.23%	0.25	0.71
18/04/2005	N/A	0.0153	-38.74%	0.32	0.86
17/04/2005	N/A	0.025	N/A	0.29	0.85

Want to calculate your dividend profits?

Use our Dividend Calculator to estimate and track your dividend earnings.

Visit Calculator

Investment Analysis: Air New Zealand Limited

Dividend Payment Analysis

Air New Zealand Limited (AIR.NZ) operates in the Industrials sector and offers investors a high dividend yield of 6.02% based on current market prices. For New Zealand income investors, this translates to approximately $0.0100per share annually. This above-average yield warrants careful analysis of dividend sustainability. Past dividend payments do not guarantee future payments.

Dividend Sustainability Analysis

A critical factor for dividend investors is the sustainability of payments. Air New Zealand Limitedcurrently maintains a payout ratio of 75.0%, which is considered stretched coverage. Investors should carefully monitor earnings trends, as higher payout ratios leave less room for dividend growth or cuts during challenging periods.

Dividend Yield Context

A 6.02% yield is considered high by NZ market standards and may indicate either genuine value or potential risks that have depressed the share price. Always compare yields within the same sector for meaningful context.

Valuation Perspective for Dividend Investors

Beyond dividend metrics, valuation matters. Air New Zealand Limited trades at a valuation that requires individual assessment. Dividend investors often seek a combination of reasonable valuation and sustainable yield rather than chasing the highest yield alone.

Key Considerations Before Investing

Imputation Credits

As a New Zealand company, Air New Zealand Limited may attach imputation credits to dividends, effectively providing NZ tax-resident shareholders with a tax credit for company tax already paid. Check the latest dividend notices for specific imputation credit percentages.

Total Return Perspective

While dividend yield is important, total return (dividends plus capital appreciation) matters more over the long term. Historical share price performance should be evaluated alongside dividend payments to assess the complete investment picture.

Sector-Specific Risks

Industrials sector companies face unique industry dynamics. Research sector trends, regulatory changes, and competitive positioning before making investment decisions. Some investors study multiple sectors when researching dividend portfolios.

Important Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Past dividend payments do not guarantee future payments. Share prices and dividends can fall as well as rise. Always conduct your own research or consult a licensed financial adviser before making investment decisions. Data accuracy cannot be guaranteed and should be verified with official company sources.

Frequently Asked Questions

What is Air New Zealand Limited's current dividend yield?

Air New Zealand Limited (AIR.NZ) currently has a dividend yield of 6.02% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.010) by the current share price ($0.42).

When does Air New Zealand Limited pay dividends?

Based on historical data, Air New Zealand Limited typically pays dividends semi-annually. The most recent ex-dividend date was 11/09/2025with a payment of $0.0125 per share. The payment date was 25/09/2025. Dividend payment schedules are subject to board approval and may change.

Does Air New Zealand Limited offer imputation credits?

Air New Zealand Limited is a New Zealand company listed on the NZX. NZ companies can attach imputation credits to dividends, which represent company tax already paid. These credits may affect your tax position — consult a tax professional. Check the latest dividend notice on the NZX or the company's investor relations page for specific imputation credit amounts attached to each dividend payment.

How long has Air New Zealand Limited been paying dividends?

Our database shows Air New Zealand Limited has 31 consecutive years of dividend payments. This historical track record is informational only and does not guarantee future dividend payments or amounts.

Where can I find Air New Zealand Limited's official dividend announcements?

Official dividend announcements for Air New Zealand Limited are published on the NZX market announcements platform and typically on the company's investor relations website. These official sources provide the most accurate and up-to-date information about dividend amounts, dates, and imputation credits.

Key Dividend Considerations for Air New Zealand Limited

Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Air New Zealand Limited as of 22/05/2026:

Dividend Consistency

Air New Zealand Limited has made 31 consecutive years of dividend payments based on our records, with a total of 61 payments tracked.

Dividend Growth Pattern

Over the tracked period, Air New Zealand Limited's dividends have remained relatively stable:

Increases

Decreases

Unchanged

Based on comparison of consecutive dividend payments. Historical data does not predict future performance.

Yield Context

Metric	Value
Current Yield	6.02%
5-Year Average Yield	6.02%
Industrials Sector Average	6.00%

Yields are calculated based on current market prices and historical dividend payments. Future yields may differ.

Financial Sustainability Indicators

Payout Ratio:75.0%
Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
Dividend Coverage:1.33x
Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed

Freightways Group Limited

Div. Yield

3.28%

Price

$13.09

Important Disclosure

The information on this page is for educational and informational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell securities. Dividend payments are subject to board approval and may change without notice. Past performance does not guarantee future results. You should consult a licensed financial adviser before making investment decisions.