New Zealand Rural Land Company Limited (NZL.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$0.915
Dividend Yield
5.25%
Annual yield
Market Cap
134M
Total value
P/E Ratio
20.8
Price to earnings
Dividend Information
Annual Rate
0.06
Per share annually
Last Dividend
0.03
22/03/2026
Ex-Dividend
23/03/2026
Next ex-date
Payout Ratio
9.12
Of earnings
Years Paying
5
Consecutive
5Y Avg Yield
Unknown
Historical avg
Stock Analysis Summary
01-04-2026
New Zealand Rural Land Company Limited (NZL.NZ) is a unique investment opportunity on the NZX, focusing on rural land assets. As of the latest data, NZL offers a dividend yield of approximately 2.5%, with the 5-year range being relatively stable. Dividends are typically paid semi-annually, providing a consistent income stream for investors. The payout ratio is moderate, suggesting that the dividends are sustainable given the company's earnings and cash flow. Recently, there have been no significant changes in the dividend policy, indicating a stable approach to shareholder returns. Compared to sector averages, NZL's yield is competitive, appealing to income-focused investors seeking reliable yield. The company's focus on rural land assets may offer a unique diversification opportunity for portfolios, particularly for retirees looking for steady dividend income. Considering its stable yield and sector positioning, should dividend investors consider New Zealand Rural Land Company Limited in their 2025 portfolio?
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Dividend Growth History
Valuation Metrics
Financial Health
New Zealand Rural Land Company Limited Dividend History
NZL dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 23/03/2026 | 21/04/2026 | 0.0275 | 27.31% | ||
| 11/09/2025 | 10/10/2025 | 0.0216 | -14.96% | ||
| 24/03/2025 | 22/04/2025 | 0.0254 | 73.97% | 0.9 | 0.9 |
| 19/09/2024 | 18/10/2024 | 0.0146 | -28.08% | 0.92 | 0.92 |
| 06/03/2023 | 10/03/2023 | 0.0203 | 26.88% | 0.98 | 1 |
| 01/09/2022 | 09/09/2022 | 0.016 | -19.56% | 1.07 | 1.1 |
| 28/02/2022 | 18/03/2022 | 0.0199 | N/A | 1.09 | 1.14 |
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Investment Analysis: New Zealand Rural Land Company Limited
Dividend Payment Analysis
New Zealand Rural Land Company Limited (NZL.NZ) operates in the Real Estate sector and offers investors a high dividend yield of 5.25% based on current market prices. For New Zealand income investors, this translates to approximately $0.0600per 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. New Zealand Rural Land Company Limitedcurrently maintains a payout ratio of 9.1%, which is considered strong coverage. This conservative payout ratio suggests the company retains significant earnings for reinvestment or dividend growth, providing a buffer during economic downturns.
Dividend Yield Context
A 5.25% 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. New Zealand Rural Land Company Limited trades at a P/E ratio of 20.8x, 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, New Zealand Rural Land Company 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
Real Estate 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 New Zealand Rural Land Company Limited's current dividend yield?
New Zealand Rural Land Company Limited (NZL.NZ) currently has a dividend yield of 5.25% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.060) by the current share price ($0.92).
When does New Zealand Rural Land Company Limited pay dividends?
Based on historical data, New Zealand Rural Land Company Limited typically pays dividends semi-annually. The most recent ex-dividend date was 23/03/2026with a payment of $0.0275 per share. The payment date was 21/04/2026. Dividend payment schedules are subject to board approval and may change.
Does New Zealand Rural Land Company Limited offer imputation credits?
New Zealand Rural Land Company 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 New Zealand Rural Land Company Limited been paying dividends?
Our database shows New Zealand Rural Land Company Limited has 4 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 New Zealand Rural Land Company Limited's official dividend announcements?
Official dividend announcements for New Zealand Rural Land Company 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 New Zealand Rural Land Company Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for New Zealand Rural Land Company Limited as of 22/05/2026:
Dividend Consistency
New Zealand Rural Land Company Limited has made 4 consecutive years of dividend payments based on our records, with a total of 7 payments tracked.
Dividend Growth Pattern
Over the tracked period, New Zealand Rural Land Company 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 | 5.25% |
| 5-Year Average Yield | 5.25% |
| Real Estate 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:9.1%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:10.96x
- 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 Real Estate Stocks
Compare dividend yields across Real Estate sector companies
Investors interested in Real Estate 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.
SPG.NZ
Stride Property Group
Div. Yield
7.02%
Price
$1.14
PCT.NZ
Precinct Properties NZ Ltd & Precinct Properties Investments Ltd
Div. Yield
6.65%
Price
$1.04
ARG.NZ
Argosy Property Limited
Div. Yield
6.43%
Price
$1.045
IPL.NZ
Investore Property Limited
Div. Yield
6.28%
Price
$1.045
KPG.NZ
Kiwi Property Group Limited
Div. Yield
6.15%
Price
$0.93
VHP.NZ
Vital Healthcare Property Trust
Div. Yield
5.54%
Price
$1.81