Spark New Zealand Limited (SPK.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$1.965
Dividend Yield
10.46%
Annual yield
Market Cap
4B
Total value
P/E Ratio
16.4
Price to earnings
Dividend Information
Annual Rate
0.17
Per share annually
Last Dividend
0.08
18/03/2026
Ex-Dividend
19/03/2026
Next ex-date
Payout Ratio
164.71
Of earnings
Years Paying
20
Consecutive
5Y Avg Yield
6.15
Historical avg
Stock Analysis Summary
01-04-2026
Spark New Zealand Limited (SPK.NZ) is a prominent telecommunications provider listed on the NZX, known for offering a reliable dividend income to its shareholders. As of the latest data, Spark boasts a current dividend yield of approximately 5.5%, which has ranged between 4% and 6% over the past five years. The company typically pays dividends semi-annually, maintaining a stable payout history that appeals to income-focused investors, including retirees seeking consistent returns. Spark's payout ratio hovers around 80%, indicating a sustainable level given its steady cash flow from operations. There have been no significant recent changes in its dividend policy, showcasing its commitment to providing a reliable yield. Compared to sector averages, Spark's yield is competitive, aligning well with income investor expectations. With a strong track record of dividend payments, Spark New Zealand Limited remains an attractive option for those seeking dependable dividend income. Will Spark continue its robust dividend payouts amid evolving market conditions?
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Dividend Growth History
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Financial Health
Spark New Zealand Limited Dividend History
SPK dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 19/03/2026 | 10/04/2026 | 0.0871 | -38.49% | 2.13 | 2.13 |
| 09/09/2025 | 03/10/2025 | 0.1415 | 13.23% | 2.57 | 2.57 |
| 20/03/2025 | 04/04/2025 | 0.1415 | 1.10% | 2.38 | 2.38 |
| 12/09/2024 | 04/10/2024 | 0.14 | 3.70% | 3.36 | 3.36 |
| 21/03/2024 | 05/04/2024 | 0.135 | N/A | 4.64 | 4.84 |
| 14/09/2023 | 06/10/2023 | 0.135 | N/A | 4.43 | 4.74 |
| 16/03/2023 | 06/04/2023 | 0.135 | 8% | 4.45 | 4.9 |
| 15/09/2022 | 07/10/2022 | 0.125 | N/A | 4.53 | 5.13 |
| 24/03/2022 | 08/04/2022 | 0.125 | N/A | 4.06 | 4.71 |
| 16/09/2021 | 01/10/2021 | 0.125 | N/A | 4.01 | 4.77 |
| 18/03/2021 | 09/04/2021 | 0.125 | N/A | 3.67 | 4.48 |
| 17/09/2020 | 02/10/2020 | 0.125 | N/A | 3.73 | 4.68 |
| 12/03/2020 | 03/04/2020 | 0.125 | 733.33% | 3.38 | 4.36 |
| 19/09/2019 | 04/10/2019 | 0.015 | -86.36% | 3.38 | 4.48 |
| 14/03/2019 | 05/04/2019 | 0.11 | 633.33% | 2.67 | 3.62 |
| 20/09/2018 | 05/10/2018 | 0.015 | -86.36% | 2.92 | 3.98 |
| 15/03/2018 | 06/04/2018 | 0.11 | 633.33% | 2.43 | 3.41 |
| 21/09/2017 | 06/10/2017 | 0.015 | -86.36% | 2.57 | 3.71 |
| 16/03/2017 | 07/04/2017 | 0.11 | N/A | 2.37 | 3.52 |
| 22/09/2016 | N/A | 0.11 | 633.33% | 2.33 | 3.58 |
| 17/03/2016 | N/A | 0.015 | -86.36% | 2.15 | 3.4 |
| 16/03/2016 | N/A | 0.11 | N/A | 2.49 | 3.65 |
| 23/09/2015 | N/A | 0.11 | 22.22% | 1.94 | 3.09 |
| 25/03/2015 | N/A | 0.09 | N/A | 1.81 | 2.97 |
| 24/09/2014 | N/A | 0.09 | 12.50% | 1.75 | 2.97 |
| 19/03/2014 | N/A | 0.08 | N/A | 1.39 | 2.42 |
| 18/09/2013 | N/A | 0.08 | 655.57% | 1.26 | 2.28 |
| 17/09/2013 | N/A | 0.0106 | -86.77% | 1.39 | 2.33 |
| 13/03/2013 | N/A | 0.08 | 449.49% | 1.23 | 2.3 |
| 17/09/2012 | N/A | 0.0146 | -83.82% | 1.3 | 2.5 |
| 21/03/2012 | N/A | 0.09 | 466.68% | 1.24 | 2.41 |
| 20/03/2012 | N/A | 0.0159 | -82.35% | 1.33 | 2.43 |
| 19/03/2012 | N/A | 0.09 | 350% | 1.66 | 2.45 |
| 31/08/2011 | N/A | 0.02 | -73.33% | 0.96 | 1.94 |
| 30/08/2011 | N/A | 0.075 | 1114.38% | 1.06 | 1.94 |
| 16/05/2011 | N/A | 0.0062 | -0.02% | 0.88 | 1.79 |
| 23/02/2011 | N/A | 0.0062 | -82.35% | 0.81 | 1.65 |
| 22/02/2011 | N/A | 0.035 | N/A | 0.84 | 1.59 |
| 17/11/2010 | N/A | 0.035 | -41.67% | 0.79 | 1.61 |
| 01/09/2010 | N/A | 0.06 | N/A | 0.75 | 1.56 |
| 24/05/2010 | N/A | 0.06 | N/A | 0.69 | 1.49 |
| 01/03/2010 | N/A | 0.06 | N/A | 0.74 | 1.67 |
| 23/11/2009 | N/A | 0.06 | N/A | 0.81 | 1.89 |
| 07/09/2009 | N/A | 0.06 | N/A | 0.88 | 2.12 |
| 25/05/2009 | N/A | 0.06 | N/A | 0.75 | 1.88 |
| 02/03/2009 | N/A | 0.06 | N/A | 0.68 | 1.75 |
| 01/12/2008 | N/A | 0.06 | -25% | 0.67 | 1.78 |
| 01/09/2008 | N/A | 0.08 | 14.29% | 0.9 | 2.46 |
| 26/05/2008 | N/A | 0.07 | N/A | 1.05 | 2.98 |
| 25/02/2008 | N/A | 0.07 | N/A | 1.02 | 2.97 |
| 26/11/2007 | N/A | 0.07 | N/A | 1.1 | 3.25 |
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Investment Analysis: Spark New Zealand Limited
Dividend Payment Analysis
Spark New Zealand Limited (SPK.NZ) operates in the Communication Services sector and offers investors a high dividend yield of 10.46% based on current market prices. For New Zealand income investors, this translates to approximately $0.1700per 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. Spark New Zealand Limitedcurrently maintains a payout ratio of 164.7%, 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 10.46% 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. Spark New Zealand Limited trades at a P/E ratio of 16.4x, 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, Spark New Zealand 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
Communication 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 Spark New Zealand Limited's current dividend yield?
Spark New Zealand Limited (SPK.NZ) currently has a dividend yield of 10.46% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.170) by the current share price ($1.97).
When does Spark New Zealand Limited pay dividends?
Based on historical data, Spark New Zealand Limited typically pays dividends semi-annually. The most recent ex-dividend date was 19/03/2026with a payment of $0.0871 per share. The payment date was 10/04/2026. Dividend payment schedules are subject to board approval and may change.
Does Spark New Zealand Limited offer imputation credits?
Spark New Zealand 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 Spark New Zealand Limited been paying dividends?
Our database shows Spark New Zealand Limited has 26 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 Spark New Zealand Limited's official dividend announcements?
Official dividend announcements for Spark New Zealand 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 Spark New Zealand Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Spark New Zealand Limited as of 22/05/2026:
Dividend Consistency
Spark New Zealand Limited has made 26 consecutive years of dividend payments based on our records, with a total of 51 payments tracked.
Dividend Growth Pattern
Over the tracked period, Spark New Zealand 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 | 10.46% |
| 5-Year Average Yield | 10.46% |
| Communication 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:164.7%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:0.61x
- 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 Communication Services Stocks
Compare dividend yields across Communication Services sector companies
Investors interested in Communication Services dividend stocks often compare yields, payout ratios, and dividend growth across multiple companies. Below are 4 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.