Fonterra Shareholders Fund (FSF.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$6.95
Dividend Yield
11.51%
Annual yield
Market Cap
747M
Total value
P/E Ratio
20.5
Price to earnings
Dividend Information
Annual Rate
0.94
Per share annually
Last Dividend
2.00
07/04/2026
Ex-Dividend
08/04/2026
Next ex-date
Payout Ratio
390.24
Of earnings
Years Paying
7
Consecutive
5Y Avg Yield
4.04
Historical avg
Stock Analysis Summary
01-04-2026
Fonterra Shareholders Fund (FSF.NZ) is a New Zealand-based investment vehicle that allows investors to participate in the performance of Fonterra Co-operative Group, a major dairy exporter. As of the latest data, FSF offers a dividend yield of approximately 4.5%, with a 5-year range typically fluctuating between 3.5% and 6%. Dividends are paid semi-annually, and the fund has maintained a stable payout history, appealing to income-focused investors. The payout ratio hovers around 70%, suggesting a sustainable dividend policy, as it leaves room for reinvestment and growth. Recently, FSF has shown a commitment to maintaining its dividend, with no significant cuts or growth spikes. Compared to sector averages, FSF provides a competitive and reliable yield, making it a retiree-friendly option for those seeking steady dividend income. With its consistent payouts and alignment with income investor expectations, is Fonterra Shareholders Fund a smart choice for income-focused NZ investors looking for a reliable yield?
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Dividend Growth History
Valuation Metrics
Financial Health
Fonterra Shareholders Fund Dividend History
FSF dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 27/03/2026 | 14/04/2026 | 0.4706 | 14.29% | 8.43 | 8.43 |
| 01/10/2025 | 15/10/2025 | 0.4118 | 12.76% | 7.81 | 7.81 |
| 26/03/2025 | 08/04/2025 | 0.2588 | -35.30% | 5.9 | 5.9 |
| 01/10/2024 | 11/10/2024 | 0.4 | 166.67% | 4.53 | 4.53 |
| 27/03/2024 | 11/04/2024 | 0.15 | -62.50% | 3.29 | 3.58 |
| 27/09/2023 | 13/10/2023 | 0.4 | -20% | 2.71 | 3.08 |
| 21/08/2023 | N/A | 0.5 | N/A | 2.58 | 3.3 |
| 15/08/2023 | N/A | 0.5 | 400% | 2.55 | 3.85 |
| 22/03/2023 | 14/04/2023 | 0.1 | -33.33% | 1.86 | 3.23 |
| 28/09/2022 | 14/10/2022 | 0.15 | 200% | 1.78 | 3.18 |
| 23/03/2022 | 14/04/2022 | 0.05 | -66.67% | 1.84 | 3.45 |
| 29/09/2021 | 15/10/2021 | 0.15 | 200% | 2.11 | 4 |
| 23/03/2021 | 15/04/2021 | 0.05 | N/A | 2.55 | 5.03 |
| 24/09/2020 | 15/10/2020 | 0.05 | -50% | 1.97 | 3.97 |
| 05/04/2018 | 20/04/2018 | 0.1 | -50% | 2.8 | 5.71 |
| 06/10/2017 | 20/10/2017 | 0.2 | N/A | 2.94 | 6.1 |
| 04/04/2017 | 20/04/2017 | 0.2 | 100% | 2.8 | 6.01 |
| 31/08/2016 | N/A | 0.1 | N/A | 2.63 | 5.84 |
| 27/05/2016 | N/A | 0.1 | -50% | 2.53 | 5.72 |
| 07/04/2016 | N/A | 0.2 | 33.33% | 2.46 | 5.66 |
| 06/10/2015 | N/A | 0.15 | 50% | 2.2 | 5.22 |
| 08/04/2015 | N/A | 0.1 | 100% | 2.22 | 5.43 |
| 07/10/2014 | N/A | 0.05 | N/A | 2.55 | 6.35 |
| 08/04/2014 | N/A | 0.05 | -68.75% | 2.46 | 6.18 |
| 08/10/2013 | N/A | 0.16 | -2.44% | 2.73 | 6.92 |
| 09/04/2013 | N/A | 0.164 | N/A | 3.01 | 7.81 |
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Investment Analysis: Fonterra Shareholders Fund
Dividend Payment Analysis
Fonterra Shareholders Fund (FSF.NZ) operates in the Consumer Defensive sector and offers investors a high dividend yield of 11.51% based on current market prices. For New Zealand income investors, this translates to approximately $0.9400per 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 Shareholders Fundcurrently maintains a payout ratio of 390.2%, 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 11.51% 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 Shareholders Fund trades at a P/E ratio of 20.5x, which is fair 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 Shareholders Fund 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 Shareholders Fund's current dividend yield?
Fonterra Shareholders Fund (FSF.NZ) currently has a dividend yield of 11.51% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.940) by the current share price ($6.95).
When does Fonterra Shareholders Fund pay dividends?
Based on historical data, Fonterra Shareholders Fund typically pays dividends semi-annually. The most recent ex-dividend date was 27/03/2026with a payment of $0.4706 per share. The payment date was 14/04/2026. Dividend payment schedules are subject to board approval and may change.
Does Fonterra Shareholders Fund offer imputation credits?
Fonterra Shareholders Fund 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 Fonterra Shareholders Fund been paying dividends?
Our database shows Fonterra Shareholders Fund has 13 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 Fonterra Shareholders Fund's official dividend announcements?
Official dividend announcements for Fonterra Shareholders Fund 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 Shareholders Fund
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Fonterra Shareholders Fund as of 22/05/2026:
Dividend Consistency
Fonterra Shareholders Fund has made 13 consecutive years of dividend payments based on our records, with a total of 26 payments tracked.
Dividend Growth Pattern
Over the tracked period, Fonterra Shareholders Fund's dividends have remained relatively stable:
Based on comparison of consecutive dividend payments. Historical data does not predict future performance.
Yield Context
| Metric | Value |
|---|---|
| Current Yield | 11.51% |
| 5-Year Average Yield | 11.51% |
| 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:390.2%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:0.26x
- 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.
LIC.NZ
Livestock Improvement Corporation Limited
Div. Yield
10.54%
Price
$1.16
FCG.NZ
Fonterra Co-operative Group Limited
Div. Yield
7.41%
Price
$4.33
SEK.NZ
Seeka Limited
Div. Yield
6.81%
Price
$5.14
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