Fonterra Co-operative Group Limited (FCG.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$4.33
Dividend Yield
7.41%
Annual yield
Market Cap
10B
Total value
P/E Ratio
10.6
Price to earnings
Dividend Information
Annual Rate
0.32
Per share annually
Last Dividend
0.27
26/03/2026
Ex-Dividend
27/03/2026
Next ex-date
Payout Ratio
0.56
Of earnings
Years Paying
N/A
Consecutive
5Y Avg Yield
4.54
Historical avg
Stock Analysis Summary
01-04-2026
Fonterra Co-operative Group Limited (FCG.NZ) is a prominent player in the dairy industry and is listed on the New Zealand Stock Exchange. As of the latest data, Fonterra offers a dividend yield of approximately 5.2%, with its 5-year range fluctuating between 4% and 6%. The company pays dividends semi-annually, demonstrating a commitment to providing consistent dividend income to its shareholders. Fonterra's payout ratio hovers around 70%, suggesting a sustainable dividend policy that balances rewarding shareholders and reinvesting in business operations. Recently, Fonterra has maintained stable dividends, with no significant cuts or growth spikes, aligning well with income investor expectations. Compared to sector averages, Fonterra's yield is competitive, making it an attractive option for those seeking reliable yield. Its steady payouts can be particularly appealing to retirees looking for stable income sources. Should dividend investors consider Fonterra Co-operative Group Limited in their 2025 portfolio? With its stable yield and sustainable payout, it certainly warrants consideration.
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Valuation Metrics
Financial Health
Fonterra Co-operative Group Limited Dividend History
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Investment Analysis: Fonterra Co-operative Group Limited
Dividend Payment Analysis
Fonterra Co-operative Group Limited (FCG.NZ) operates in the Consumer Defensive sector and offers investors a high dividend yield of 7.41% based on current market prices. For New Zealand income investors, this translates to approximately $0.3200per 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. Fonterra Co-operative Group Limitedcurrently maintains a payout ratio of 0.6%, which is considered strong coverage. This conservative payout ratio suggests the company retains significant earnings for reinvestment or dividend growth, providing a buffer during economic downturns.
Dividend Yield Context
A 7.41% 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. Fonterra Co-operative Group Limited trades at a P/E ratio of 10.6x, which is attractive by historical standards. 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, Fonterra Co-operative Group 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
Consumer Defensive 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 Fonterra Co-operative Group Limited's current dividend yield?
Fonterra Co-operative Group Limited (FCG.NZ) currently has a dividend yield of 7.41% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.320) by the current share price ($4.33).
When does Fonterra Co-operative Group Limited pay dividends?
Based on historical data, Fonterra Co-operative Group Limited typically pays dividends semi-annually. Dividend payment schedules are subject to board approval and may change.
Does Fonterra Co-operative Group Limited offer imputation credits?
Fonterra Co-operative Group 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.
Where can I find Fonterra Co-operative Group Limited's official dividend announcements?
Official dividend announcements for Fonterra Co-operative Group 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 Fonterra Co-operative Group Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Fonterra Co-operative Group Limited as of 22/05/2026:
Yield Context
| Metric | Value |
|---|---|
| Current Yield | 7.41% |
| Consumer Defensive 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:0.6%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:177.49x
- Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed
Educational Note: These metrics provide historical context for dividend investors. They represent past performance and current market data. Dividend sustainability depends on many factors including company earnings, cash flow, debt levels, and business conditions. This information does not constitute a prediction of future dividend payments or investment advice.
Related Consumer Defensive Stocks
Compare dividend yields across Consumer Defensive sector companies
Investors interested in Consumer Defensive dividend stocks often compare yields, payout ratios, and dividend growth across multiple companies. Below are 6 related NZX-listed stocks from the same sector, ranked by dividend yield. Past dividend history does not guarantee future payments. Compare yields, payout ratios, and fundamentals across companies.
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Price
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LIC.NZ
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Div. Yield
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Price
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SEK.NZ
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Div. Yield
6.81%
Price
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DGL.NZ
Delegat Group Limited
Div. Yield
5.52%
Price
$3.72
SCL.NZ
Scales Corporation Limited
Div. Yield
4.23%
Price
$6.04
FWL.NZ
Foley Wines Limited
Div. Yield
4.08%
Price
$0.47