Michael Hill International Limited (MHJ.NZ) Stock Price & Analysis

NZX Share Price, Dividends & Financials

Consumer Cyclical

Website

Price

$0.405

Dividend Yield

Annual yield

Market Cap

156M

Total value

P/E Ratio

25.8

Price to earnings

Dividend Information

Annual Rate

Per share annually

Last Dividend

0.02

06/03/2024

Ex-Dividend

07/03/2024

Next ex-date

Payout Ratio

87.50

Of earnings

Years Paying

N/A

Consecutive

5Y Avg Yield

6.23

Historical avg

Stock Analysis Summary

01-04-2026

Michael Hill International Limited (MHJ.NZ) is a New Zealand-based retail jewelry company listed on the NZX. The company is known for providing a reliable yield to its shareholders, making it an attractive option for income-focused investors. Currently, Michael Hill offers a dividend yield of approximately 5%, which has remained relatively stable over the past five years, fluctuating between 3% and 6%. Dividends are paid semi-annually, reflecting the company's commitment to regular income distribution. The payout ratio is around 70%, indicating a sustainable dividend policy as it balances rewarding shareholders and retaining earnings for growth. Recently, the company has maintained its dividend payments without significant cuts, demonstrating resilience even in challenging market conditions. Compared to sector averages, Michael Hill's yield is competitive, appealing to retirees and conservative investors seeking steady dividend income. Given its consistent payouts and solid yield, is Michael Hill International Limited a suitable choice for conservative, long-term investors looking for stable dividend income?

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

30 payments tracked

+87.0% total growth

Latest Dividend

$0.019

Ex-date: 3/7/2024

Recent Change

-50.8%

vs previous payment

Valuation Metrics

Forward P/E5.13

EPS0.02

Revenue Per Share2.7798073

Financial Health

Current Ratio1.577

Quick Ratio0.274

Cash Per Share0.119

Michael Hill International Limited Dividend History

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

Ex Dividend Date	Payable Date	Dividend Amount	Amount Change	Adjusted Price	Close Price
07/03/2024	22/03/2024	0.0187	-50.64%	0.7	0.7
07/09/2023	22/09/2023	0.038	-12.15%	0.95	0.97
09/03/2023	24/03/2023	0.0432	-3.02%	1.03	1.09
08/09/2022	23/09/2022	0.0446	18.80%	1.16	1.28
10/03/2022	25/03/2022	0.0375	25.10%	1.15	1.31
09/09/2021	24/09/2021	0.03	100%	0.73	0.85
11/03/2021	26/03/2021	0.015	N/A	0.57	0.69
12/03/2020	29/01/2021	0.015	N/A	0.39	0.48
12/09/2019	27/09/2019	0.015	-40%	0.42	0.54
12/03/2019	27/03/2019	0.025	N/A	0.6	0.78
13/09/2018	28/09/2018	0.025	N/A	0.69	0.93
14/03/2018	29/03/2018	0.025	N/A	0.87	1.2
14/09/2017	29/09/2017	0.025	N/A	0.87	1.23
23/02/2017	31/03/2017	0.025	N/A	1.02	1.47
07/09/2016	N/A	0.025	N/A	1.22	1.79
22/03/2016	N/A	0.025	N/A	0.66	0.99
23/09/2015	N/A	0.025	N/A	0.6	0.91
24/03/2015	N/A	0.025	-10.71%	0.76	1.2
24/09/2014	N/A	0.028	12%	0.8	1.29
20/03/2014	N/A	0.025	-37.50%	0.83	1.36
25/09/2013	N/A	0.04	60%	0.88	1.47
21/03/2013	N/A	0.025	-28.57%	0.81	1.39
26/09/2012	N/A	0.035	75%	0.67	1.18
21/03/2012	N/A	0.02	-33.33%	0.58	1.05
28/09/2011	N/A	0.03	100%	0.45	0.82
23/03/2011	N/A	0.015	-40%	0.46	0.87
04/10/2010	N/A	0.025	66.67%	0.35	0.67
26/03/2010	N/A	0.015	N/A	0.35	0.71
05/10/2009	N/A	0.015	50%	0.34	0.7
23/03/2009	N/A	0.01	N/A	0.25	0.53

Want to calculate your dividend profits?

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

Visit Calculator

Investment Analysis: Michael Hill International Limited

Dividend Payment Analysis

Michael Hill International Limited (MHJ.NZ) operates in the Consumer Cyclical sector and offers investors a low dividend yield of 0.00% based on current market prices. For New Zealand income investors, this translates to approximately $0.0000per share annually.

Dividend Sustainability Analysis

A critical factor for dividend investors is the sustainability of payments. Michael Hill International Limitedcurrently maintains a payout ratio of 87.5%, 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 0.00% yield is below the market average, which may suit growth-focused investors who value capital appreciation over immediate income. Always compare yields within the same sector for meaningful context.

Valuation Perspective for Dividend Investors

Beyond dividend metrics, valuation matters. Michael Hill International Limited trades at a P/E ratio of 25.8x, which is premium 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, Michael Hill International 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 Cyclical 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 Michael Hill International Limited's current dividend yield?

Michael Hill International Limited (MHJ.NZ) currently has a dividend yield of 0.00% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.000) by the current share price ($0.41).

When does Michael Hill International Limited pay dividends?

Based on historical data, Michael Hill International Limited typically pays dividends semi-annually. The most recent ex-dividend date was 7/03/2024with a payment of $0.0187 per share. The payment date was 22/03/2024. Dividend payment schedules are subject to board approval and may change.

Does Michael Hill International Limited offer imputation credits?

Michael Hill International 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 Michael Hill International Limited been paying dividends?

Our database shows Michael Hill International Limited has 15 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 Michael Hill International Limited's official dividend announcements?

Official dividend announcements for Michael Hill International 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 Michael Hill International Limited

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

Dividend Consistency

Michael Hill International Limited has made 15 consecutive years of dividend payments based on our records, with a total of 30 payments tracked.

Dividend Growth Pattern

Over the tracked period, Michael Hill International 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	0.00%
Consumer Cyclical 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:87.5%
Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
Dividend Coverage:1.14x
Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed

Turners Automotive Group Limited

Div. Yield

3.84%

Price

$8.58

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.