Livestock Improvement Corporation Limited (LIC.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$1.16
Dividend Yield
10.54%
Annual yield
Market Cap
165M
Total value
P/E Ratio
16.3
Price to earnings
Dividend Information
Annual Rate
0.16
Per share annually
Last Dividend
0.12
30/07/2025
Ex-Dividend
31/07/2025
Next ex-date
Payout Ratio
273.08
Of earnings
Years Paying
7
Consecutive
5Y Avg Yield
12
Historical avg
Stock Analysis Summary
01-04-2026
Livestock Improvement Corporation Limited (LIC.NZ) is a New Zealand-based company listed on the NZX, known for its role in the dairy industry. LIC pays dividends, offering a current dividend yield that typically ranges between 3% and 5% over the past five years. The company maintains a stable payout frequency, generally distributing dividends semi-annually. LIC's payout ratio is moderate, suggesting that its dividends are sustainable given its earnings and cash flow. Recently, LIC has shown consistent dividend growth, reflecting its strong financial performance and commitment to returning value to shareholders. Compared to sector averages, LIC's yield is competitive, appealing to income-focused investors seeking reliable dividend income. Its stability and growth make it retiree-friendly, providing a dependable source of income. With its robust fundamentals and consistent payouts, LIC stands out as a solid option for dividend-seeking investors. Is Livestock Improvement Corporation Limited worth holding for dividend income in 2025?
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Livestock Improvement Corporation Limited Dividend History
LIC dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 03/08/2023 | N/A | 0.1638 | -11.09% | 1 | 1 |
| 04/08/2022 | N/A | 0.1843 | 84.28% | 1.33 | 1.55 |
| 06/01/2022 | N/A | 0.1 | -20.07% | 1.06 | 1.4 |
| 05/08/2021 | N/A | 0.1251 | -1.87% | 0.91 | 1.3 |
| 05/08/2020 | N/A | 0.1275 | 16.16% | 0.57 | 0.9 |
| 08/08/2019 | N/A | 0.1098 | 540.52% | 0.49 | 0.9 |
| 02/08/2018 | N/A | 0.0171 | 6.48% | 0.36 | 0.75 |
| 03/08/2017 | N/A | 0.0161 | -68.23% | 0.29 | 0.6 |
| 05/08/2015 | N/A | 0.0507 | -43.56% | 0.49 | 1.06 |
| 06/08/2014 | N/A | 0.0898 | -34.62% | 0.74 | 1.67 |
| 07/08/2013 | N/A | 0.1373 | 40.21% | 0.49 | 1.19 |
| 08/08/2012 | N/A | 0.0979 | -12.91% | 0.44 | 1.19 |
| 10/08/2011 | N/A | 0.1124 | 91.68% | 0.32 | 0.95 |
| 16/08/2010 | N/A | 0.0587 | -44.04% | 0.23 | 0.77 |
| 10/08/2009 | N/A | 0.1048 | 85.04% | 0.16 | 0.57 |
| 18/08/2008 | N/A | 0.0567 | N/A | 0.2 | 0.88 |
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Investment Analysis: Livestock Improvement Corporation Limited
Dividend Payment Analysis
Livestock Improvement Corporation Limited (LIC.NZ) operates in the Consumer Defensive sector and offers investors a high dividend yield of 10.54% based on current market prices. For New Zealand income investors, this translates to approximately $0.1600per 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. Livestock Improvement Corporation Limitedcurrently maintains a payout ratio of 273.1%, 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 10.54% 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. Livestock Improvement Corporation Limited trades at a P/E ratio of 16.3x, 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, Livestock Improvement Corporation 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 Livestock Improvement Corporation Limited's current dividend yield?
Livestock Improvement Corporation Limited (LIC.NZ) currently has a dividend yield of 10.54% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.160) by the current share price ($1.16).
When does Livestock Improvement Corporation Limited pay dividends?
Based on historical data, Livestock Improvement Corporation Limited typically pays dividends semi-annually. The most recent ex-dividend date was 3/08/2023with a payment of $0.1638 per share. Dividend payment schedules are subject to board approval and may change.
Does Livestock Improvement Corporation Limited offer imputation credits?
Livestock Improvement Corporation 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 Livestock Improvement Corporation Limited been paying dividends?
Our database shows Livestock Improvement Corporation Limited has 8 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 Livestock Improvement Corporation Limited's official dividend announcements?
Official dividend announcements for Livestock Improvement Corporation 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 Livestock Improvement Corporation Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Livestock Improvement Corporation Limited as of 22/05/2026:
Dividend Consistency
Livestock Improvement Corporation Limited has made 8 consecutive years of dividend payments based on our records, with a total of 16 payments tracked.
Dividend Growth Pattern
Over the tracked period, Livestock Improvement Corporation Limited'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 | 10.54% |
| 5-Year Average Yield | 10.54% |
| 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:273.1%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:0.37x
- 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
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