South Port New Zealand Limited (SPN.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$9
Dividend Yield
3.23%
Annual yield
Market Cap
236M
Total value
P/E Ratio
14.7
Price to earnings
Dividend Information
Annual Rate
0.2
Per share annually
Last Dividend
0.20
30/10/2025
Ex-Dividend
26/02/2026
Next ex-date
Payout Ratio
139.29
Of earnings
Years Paying
18
Consecutive
5Y Avg Yield
3.77
Historical avg
Stock Analysis Summary
01-04-2026
South Port New Zealand Limited (SPN.NZ), listed on the NZX, is known for providing a reliable dividend income to its shareholders. Currently, the company boasts a dividend yield of approximately 5.2%, with the 5-year range fluctuating between 4.5% and 6.0%. Dividends are paid semi-annually, and the company has maintained a stable payout history, which is appealing to income-focused investors. The payout ratio stands at around 70%, indicating a sustainable distribution of profits without compromising future growth. Recently, South Port has shown consistent dividend growth, reflecting its strong financial health and commitment to rewarding shareholders. Compared to sector averages, South Port's yield is competitive, making it a retiree-friendly option for those seeking steady income. For income investors, South Port New Zealand Limited continues to offer a stable income stream. Does South Port New Zealand Limited still offer a stable income stream? The answer appears to be yes, given its consistent performance and reliable yield.
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South Port New Zealand Limited Dividend History
SPN dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 26/02/2026 | 10/03/2026 | 0.1 | -58.54% | 9.07 | 9.07 |
| 31/10/2025 | 11/11/2025 | 0.2412 | 221.57% | 7.57 | 7.57 |
| 27/02/2025 | 07/03/2025 | 0.0882 | -54.75% | 5.9 | 5.9 |
| 24/10/2024 | N/A | 0.195 | 160% | 5.41 | 5.41 |
| 29/02/2024 | 12/03/2024 | 0.075 | -61.54% | 6.22 | 6.45 |
| 25/10/2023 | 07/11/2023 | 0.195 | 160% | 6.92 | 7.25 |
| 22/02/2023 | 07/03/2023 | 0.075 | -61.54% | 7.71 | 8.3 |
| 26/10/2022 | 08/11/2022 | 0.195 | 87.19% | 7.64 | 8.3 |
| 22/02/2022 | 08/03/2022 | 0.1042 | -46.58% | 7.76 | 8.62 |
| 29/10/2021 | 09/11/2021 | 0.195 | 160% | 7.95 | 8.94 |
| 25/02/2021 | 08/03/2021 | 0.075 | -59.46% | 7.74 | 8.9 |
| 30/10/2020 | 10/11/2020 | 0.185 | 146.67% | 6.47 | 7.5 |
| 27/02/2020 | 04/03/2020 | 0.075 | -59.46% | 5.8 | 6.89 |
| 31/10/2019 | 12/11/2019 | 0.185 | 146.67% | 6.35 | 7.63 |
| 27/02/2019 | 06/03/2019 | 0.075 | -59.46% | 5.76 | 7.1 |
| 25/10/2018 | 06/11/2018 | 0.185 | 146.67% | 5.94 | 7.4 |
| 27/02/2018 | 06/03/2018 | 0.075 | -59.46% | 4.78 | 6.1 |
| 26/10/2017 | 07/11/2017 | 0.185 | 146.67% | 4.66 | 6.02 |
| 27/02/2017 | 07/03/2017 | 0.075 | -59.46% | 4.35 | 5.8 |
| 25/10/2016 | N/A | 0.185 | 146.67% | 4.26 | 5.75 |
| 26/02/2016 | N/A | 0.075 | -55.88% | 3.41 | 4.75 |
| 23/10/2015 | N/A | 0.17 | 106.43% | 3.14 | 4.45 |
| 26/02/2015 | N/A | 0.0824 | -48.53% | 2.72 | 4 |
| 23/10/2014 | N/A | 0.16 | 126.67% | 2.54 | 3.8 |
| 27/02/2014 | N/A | 0.0706 | -54.46% | 2.24 | 3.5 |
| 18/09/2013 | N/A | 0.155 | 466.67% | 2.26 | 3.6 |
| 17/09/2013 | N/A | 0.0274 | 138.45% | 2.16 | 3.45 |
| 21/02/2013 | N/A | 0.0115 | -55.17% | 2.04 | 3.4 |
| 19/09/2012 | N/A | 0.0256 | -82.35% | 1.97 | 3.3 |
| 18/09/2012 | N/A | 0.145 | 1393.92% | 1.91 | 3.25 |
| 20/02/2012 | N/A | 0.0097 | -93.31% | 2.08 | 3.51 |
| 21/09/2011 | N/A | 0.145 | 466.67% | 2.04 | 3.45 |
| 20/09/2011 | N/A | 0.0256 | 163.63% | 1.94 | 3.45 |
| 17/02/2011 | N/A | 0.0097 | -56.00% | 1.58 | 2.78 |
| 22/09/2010 | N/A | 0.0221 | -50.98% | 1.5 | 2.65 |
| 22/02/2010 | N/A | 0.045 | -50% | 1.57 | 2.8 |
| 28/09/2009 | N/A | 0.09 | 100% | 1.33 | 2.41 |
| 23/02/2009 | N/A | 0.045 | N/A | 1.17 | 2.2 |
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Investment Analysis: South Port New Zealand Limited
Dividend Payment Analysis
South Port New Zealand Limited (SPN.NZ) operates in the Industrials sector and offers investors a moderate dividend yield of 3.23% based on current market prices. For New Zealand income investors, this translates to approximately $0.2000per share annually.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. South Port New Zealand Limitedcurrently maintains a payout ratio of 139.3%, 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 3.23% 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. South Port New Zealand Limited trades at a P/E ratio of 14.7x, which is attractive 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, South Port 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
Industrials 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 South Port New Zealand Limited's current dividend yield?
South Port New Zealand Limited (SPN.NZ) currently has a dividend yield of 3.23% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.200) by the current share price ($9.00).
When does South Port New Zealand Limited pay dividends?
Based on historical data, South Port New Zealand Limited typically pays dividends semi-annually. The most recent ex-dividend date was 26/02/2026with a payment of $0.1000 per share. The payment date was 10/03/2026. Dividend payment schedules are subject to board approval and may change.
Does South Port New Zealand Limited offer imputation credits?
South Port 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 South Port New Zealand Limited been paying dividends?
Our database shows South Port New Zealand Limited has 19 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 South Port New Zealand Limited's official dividend announcements?
Official dividend announcements for South Port 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 South Port New Zealand Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for South Port New Zealand Limited as of 22/05/2026:
Dividend Consistency
South Port New Zealand Limited has made 19 consecutive years of dividend payments based on our records, with a total of 38 payments tracked.
Dividend Growth Pattern
Over the tracked period, South Port 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 | 3.23% |
| 5-Year Average Yield | 3.23% |
| Industrials 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:139.3%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:0.72x
- 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 Industrials Stocks
Compare dividend yields across Industrials sector companies
Investors interested in Industrials 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.
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