Meridian Energy Limited (MEL.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$5.91
Dividend Yield
3.67%
Annual yield
Market Cap
16B
Total value
P/E Ratio
-141
Price to earnings
Dividend Information
Annual Rate
0.15
Per share annually
Last Dividend
0.06
04/03/2026
Ex-Dividend
05/03/2026
Next ex-date
Payout Ratio
174.71
Of earnings
Years Paying
13
Consecutive
5Y Avg Yield
3.43
Historical avg
Stock Analysis Summary
01-04-2026
Meridian Energy Limited (MEL.NZ) is a prominent player on the NZX, known for its commitment to providing dividend income to its shareholders. Currently, Meridian offers a dividend yield of approximately 3.5%, with the five-year range fluctuating between 3% and 5%. Dividends are typically paid semi-annually, reflecting a stable payout history that appeals to income-focused investors. The company's payout ratio hovers around 70%, indicating a sustainable approach to distributing profits while retaining enough capital for future growth. Recent trends show consistent dividend payments, with slight growth over the past few years, aligning with sector averages and meeting the expectations of income investors. Meridian's reliable yield is especially attractive to retirees or those nearing retirement, seeking steady income streams. Compared to its peers, Meridian stands out for its balanced approach to growth and income. Is Meridian Energy Limited still a top dividend pick in 2025?
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Meridian Energy Limited Dividend History
MEL dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 05/03/2026 | 24/03/2026 | 0.0736 | -56.09% | 5.56 | 5.56 |
| 04/09/2025 | 23/09/2025 | 0.1676 | 172.57% | 5.61 | 5.61 |
| 06/03/2025 | 25/03/2025 | 0.0707 | -52.37% | 5.72 | 5.72 |
| 04/09/2024 | 20/09/2024 | 0.1485 | 141.46% | 6.12 | 6.12 |
| 08/03/2024 | 26/03/2024 | 0.0615 | -48.32% | 5.82 | 5.96 |
| 06/09/2023 | 22/09/2023 | 0.119 | 98.33% | 5.06 | 5.24 |
| 07/03/2023 | 23/03/2023 | 0.06 | -48.05% | 4.96 | 5.26 |
| 07/09/2022 | 23/09/2022 | 0.1155 | 97.44% | 4.55 | 4.87 |
| 17/03/2022 | 08/04/2022 | 0.0585 | -47.77% | 4.57 | 5.05 |
| 29/09/2021 | 15/10/2021 | 0.112 | 96.49% | 4.46 | 4.98 |
| 30/03/2021 | 16/04/2021 | 0.057 | -49.11% | 4.68 | 5.34 |
| 29/09/2020 | 16/10/2020 | 0.112 | 96.49% | 4.22 | 4.86 |
| 30/03/2020 | 16/04/2020 | 0.057 | -46.83% | 3.41 | 4.03 |
| 27/09/2019 | 16/10/2019 | 0.1072 | 88.07% | 4.36 | 5.18 |
| 28/03/2019 | 17/04/2019 | 0.057 | -36.24% | 3.5 | 4.18 |
| 27/09/2018 | 17/10/2018 | 0.0894 | 266.39% | 2.65 | 3.2 |
| 28/03/2018 | 17/04/2018 | 0.0244 | -71.95% | 2.32 | 2.88 |
| 28/09/2017 | 17/10/2017 | 0.087 | 63.23% | 2.26 | 2.86 |
| 30/03/2017 | 13/04/2017 | 0.0533 | -36.55% | 2.15 | 2.8 |
| 29/09/2016 | N/A | 0.084 | 244.26% | 1.97 | 2.62 |
| 28/09/2016 | N/A | 0.0244 | N/A | 2.04 | 2.6 |
| 30/03/2016 | N/A | 0.0244 | -52.16% | 1.88 | 2.57 |
| 29/03/2016 | N/A | 0.051 | -36.88% | 1.99 | 2.62 |
| 28/09/2015 | N/A | 0.0808 | 104.56% | 1.54 | 2.13 |
| 27/09/2015 | N/A | 0.0395 | 182.14% | 1.57 | 2.1 |
| 27/03/2015 | N/A | 0.014 | 26.13% | 1.78 | 2.55 |
| 26/03/2015 | N/A | 0.0111 | -83.72% | 1.85 | 2.53 |
| 26/09/2014 | N/A | 0.0682 | 25.83% | 1.36 | 1.97 |
| 25/09/2014 | N/A | 0.0542 | 11.63% | 1.39 | 1.93 |
| 27/03/2014 | N/A | 0.0486 | 25.79% | 1.09 | 1.63 |
| 26/03/2014 | N/A | 0.0386 | N/A | 1.15 | 1.66 |
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Investment Analysis: Meridian Energy Limited
Dividend Payment Analysis
Meridian Energy Limited (MEL.NZ) operates in the Utilities sector and offers investors a moderate dividend yield of 3.67% based on current market prices. For New Zealand income investors, this translates to approximately $0.1500per share annually.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. Meridian Energy Limitedcurrently maintains a payout ratio of 174.7%, 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 3.67% yield aligns with typical NZ dividend-paying stocks, offering a balance between income and capital appreciation potential. Always compare yields within the same sector for meaningful context.
Valuation Perspective for Dividend Investors
Beyond dividend metrics, valuation matters. Meridian Energy 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, Meridian Energy 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
Utilities 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 Meridian Energy Limited's current dividend yield?
Meridian Energy Limited (MEL.NZ) currently has a dividend yield of 3.67% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.150) by the current share price ($5.91).
When does Meridian Energy Limited pay dividends?
Based on historical data, Meridian Energy Limited typically pays dividends semi-annually. The most recent ex-dividend date was 5/03/2026with a payment of $0.0736 per share. The payment date was 24/03/2026. Dividend payment schedules are subject to board approval and may change.
Does Meridian Energy Limited offer imputation credits?
Meridian Energy 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 Meridian Energy Limited been paying dividends?
Our database shows Meridian Energy Limited has 16 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 Meridian Energy Limited's official dividend announcements?
Official dividend announcements for Meridian Energy 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 Meridian Energy Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Meridian Energy Limited as of 22/05/2026:
Dividend Consistency
Meridian Energy Limited has made 16 consecutive years of dividend payments based on our records, with a total of 31 payments tracked.
Dividend Growth Pattern
Over the tracked period, Meridian Energy 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 | 3.67% |
| 5-Year Average Yield | 3.67% |
| Utilities 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:174.7%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:0.57x
- 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 Utilities Stocks
Compare dividend yields across Utilities sector companies
Investors interested in Utilities 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.