Smart S&P/NZX NZ Government Bond ETF (NGB.NZ) Stock Price & Analysis

NZX Share Price, Dividends & Financials

Financial Services

Price

$2.192

Dividend Yield

9.89%

Annual yield

Market Cap

N/A

Total value

P/E Ratio

0.00

Price to earnings

Dividend Information

Annual Rate

0.22

Per share annually

Last Dividend

Unknown

Ex-Dividend

Unknown

Next ex-date

Payout Ratio

Unknown

Of earnings

Years Paying

Consecutive

5Y Avg Yield

Unknown

Historical avg

Stock Analysis Summary

01-04-2026

The Smart S&P/NZX NZ Government Bond ETF (NGB.NZ) is an exchange-traded fund listed on the New Zealand Stock Exchange, focused on providing investors with exposure to New Zealand government bonds. Unlike traditional stocks, this ETF does not pay dividends in the conventional sense but generates income through interest payments from the underlying bonds. The current yield is reflective of the interest rates on these bonds, providing a stable income stream that appeals to income-focused investors, particularly retirees seeking reliable yield. The payout frequency typically aligns with the interest payment schedule of the bonds held within the ETF, offering consistent income. This ETF is considered a low-risk investment compared to equities, making it an attractive option for those prioritizing capital preservation and steady income over growth. Given its stability and government backing, could the Smart S&P/NZX NZ Government Bond ETF be a smart choice for income-focused NZ investors seeking a reliable income source?

Dividend Calendar

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Upcoming Ex-Dates

1 company

Next 30 days

Payment Dates

1 payment

This month

Avg Yield

All sectors

Dividend Growth History

32 payments tracked

+260.3% total growth

Latest Dividend

$0.054

Ex-date: 11/27/2025

Recent Change

+328.3%

vs previous payment

Valuation Metrics

Forward P/EN/A

EPSN/A

Revenue Per ShareN/A

Financial Health

Current RatioN/A

Quick RatioN/A

Cash Per ShareN/A

Smart S&P/NZX NZ Government Bond ETF Dividend History

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

Ex Dividend Date	Payable Date	Dividend Amount	Amount Change	Adjusted Price	Close Price
27/11/2025	19/12/2025	0.0544	329.47%	2.28	2.28
28/08/2025	19/09/2025	0.0127	16.70%	2.24	2.24
29/05/2025	19/06/2025	0.0108	4.30%
27/02/2025	20/03/2025	0.0104	6.07%	2.21	2.21
28/11/2024	20/12/2024	0.0098	2.83%	2.21	2.21
29/08/2024	20/09/2024	0.0095	N/A	2.21	2.21
28/08/2024	20/09/2024	0.0095	4.33%	2.2	2.21
30/05/2024	20/06/2024	0.0091	N/A	2.14	2.14
29/05/2024	20/06/2024	0.0091	9.33%	2.14	2.16
28/02/2024	20/03/2024	0.0084	N/A	2.13	2.15
27/02/2024	20/03/2024	0.0084	-6.20%	2.13	2.15
29/11/2023	20/12/2023	0.0089	N/A	2.09	2.12
28/11/2023	20/12/2023	0.0089	13.79%	2.1	2.13
30/08/2023	20/09/2023	0.0078	N/A	2.07	2.1
29/08/2023	20/09/2023	0.0078	-11.06%	2.07	2.12
30/05/2023	20/06/2023	0.0088	-6.23%	2.11	2.15
27/02/2023	20/03/2023	0.0094	N/A	2.07	2.12
26/02/2023	20/03/2023	0.0094	9.38%	2.06	2.13
29/11/2022	20/12/2022	0.0086	N/A	2.1	2.16
30/08/2022	20/09/2022	0.0086	N/A	2.1	2.17
29/08/2022	20/09/2022	0.0086	-1.75%	2.09	2.17
30/05/2022	20/06/2022	0.0087	16.85%	2.13	2.21
25/02/2022	18/03/2022	0.0075	-22.66%	2.19	2.28
29/11/2021	20/12/2021	0.0097	N/A	2.22	2.32
28/11/2021	20/12/2021	0.0097	38.19%	2.21	2.32
30/08/2021	20/09/2021	0.007	N/A	2.28	2.39
29/08/2021	20/09/2021	0.007	-44.07%	2.27	2.39
28/05/2021	18/06/2021	0.0125	N/A	2.28	2.4
27/05/2021	18/06/2021	0.0125	-9.50%	2.26	2.39
25/02/2021	19/03/2021	0.0138	N/A	2.26	2.4
24/02/2021	19/03/2021	0.0138	-8.39%	2.24	2.38
27/11/2020	18/12/2020	0.0151	N/A	2.35	2.5

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Investment Analysis: Smart S&P/NZX NZ Government Bond ETF

Dividend Payment Analysis

Smart S&P/NZX NZ Government Bond ETF (NGB.NZ) operates in the Financial Services sector and offers investors a high dividend yield of 9.89% based on current market prices. For New Zealand income investors, this translates to approximately $0.2200per 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. Smart S&P/NZX NZ Government Bond ETFcurrently maintains a payout ratio of not available, which is considered strong coverage.

Dividend Yield Context

A 9.89% 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. Smart S&P/NZX NZ Government Bond ETF 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, Smart S&P/NZX NZ Government Bond ETF 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

Financial Services 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 Smart S&P/NZX NZ Government Bond ETF's current dividend yield?

Smart S&P/NZX NZ Government Bond ETF (NGB.NZ) currently has a dividend yield of 9.89% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.220) by the current share price ($2.19).

When does Smart S&P/NZX NZ Government Bond ETF pay dividends?

Based on historical data, Smart S&P/NZX NZ Government Bond ETF typically pays dividends semi-annually. The most recent ex-dividend date was 27/11/2025with a payment of $0.0544 per share. The payment date was 19/12/2025. Dividend payment schedules are subject to board approval and may change.

Does Smart S&P/NZX NZ Government Bond ETF offer imputation credits?

Smart S&P/NZX NZ Government Bond ETF 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 Smart S&P/NZX NZ Government Bond ETF been paying dividends?

Our database shows Smart S&P/NZX NZ Government Bond ETF 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 Smart S&P/NZX NZ Government Bond ETF's official dividend announcements?

Official dividend announcements for Smart S&P/NZX NZ Government Bond ETF 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 Smart S&P/NZX NZ Government Bond ETF

Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Smart S&P/NZX NZ Government Bond ETF as of 22/05/2026:

Dividend Consistency

Smart S&P/NZX NZ Government Bond ETF has made 16 consecutive years of dividend payments based on our records, with a total of 32 payments tracked.

Dividend Growth Pattern

Over the tracked period, Smart S&P/NZX NZ Government Bond ETF'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	9.89%
Financial Services 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:N/A
Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
Dividend Coverage:N/Ax
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 Financial Services Stocks

Compare dividend yields across Financial Services sector companies

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Investors interested in Financial Services 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.

TWR.NZ

Tower Limited

Div. Yield

11.45%

Price

$2.15

MLN.NZ

Marlin Global Limited

Div. Yield

9.4%

Price

$0.8

KFL.NZ

Kingfish Limited

Div. Yield

8.9%

Price

$1.2

HGH.NZ

Heartland Group Holdings Limited

Div. Yield

6.67%

Price

$1.08

NZX.NZ

NZX Limited

Div. Yield

4.89%

Price

$1.35

ANZ.NZ

ANZ Group Holdings Limited

Div. Yield

4.77%

Price

$43

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.