Tower Limited (TWR.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$2.15
Dividend Yield
11.45%
Annual yield
Market Cap
738M
Total value
P/E Ratio
7.98
Price to earnings
Dividend Information
Annual Rate
0.39
Per share annually
Last Dividend
0.17
13/01/2026
Ex-Dividend
14/01/2026
Next ex-date
Payout Ratio
Unknown
Of earnings
Years Paying
6
Consecutive
5Y Avg Yield
8.18
Historical avg
Stock Analysis Summary
01-04-2026
Tower Limited (TWR.NZ) is a New Zealand-based insurance company listed on the NZX. As of the latest data, Tower Limited offers a dividend yield of around 4.5%, with the 5-year range fluctuating between 3.5% and 6.0%. The company pays dividends semi-annually, demonstrating a consistent payout history, which is appealing for income-focused investors. Tower's payout ratio stands at approximately 60%, indicating a sustainable dividend policy that balances rewarding shareholders and reinvesting in business growth. Recently, Tower Limited has maintained stable dividend payments, reflecting its solid financial performance and commitment to shareholders. Compared to sector averages, Tower's yield is competitive, making it an attractive option for those seeking reliable dividend income. Its consistent payouts and reasonable yield make it suitable for retirees looking for steady income. Is Tower Limited a smart choice for income-focused NZ investors seeking a reliable yield in the insurance sector?
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Tower Limited Dividend History
TWR dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 14/01/2026 | 29/01/2026 | 0.1941 | 106.25% | 1.96 | 1.96 |
| 18/03/2025 | 02/04/2025 | 0.1186 | 82.43% | 1.43 | 1.43 |
| 15/01/2025 | 30/01/2025 | 0.065 | 116.67% | 1.26 | 1.26 |
| 12/06/2024 | 27/06/2024 | 0.03 | -25% | 0.77 | 0.81 |
| 17/01/2023 | 01/02/2023 | 0.04 | 60% | 0.67 | 0.73 |
| 15/06/2022 | 30/06/2022 | 0.025 | -96.53% | 0.57 | 0.66 |
| 07/03/2022 | 22/03/2022 | 0.72 | 2780% | 0.58 | 0.7 |
| 18/01/2022 | 02/02/2022 | 0.025 | N/A | 0.69 | 0.69 |
| 29/06/2021 | 14/07/2021 | 0.025 | -61.80% | 0.74 | 0.75 |
| 09/06/2016 | 30/06/2016 | 0.0654 | 13.33% | 1.15 | 1.13 |
| 18/01/2016 | 03/02/2016 | 0.0577 | -11.77% | 1.39 | 1.37 |
| 10/06/2015 | 30/06/2015 | 0.0654 | 6.25% | 1.77 | 1.72 |
| 20/01/2015 | 03/02/2015 | 0.0616 | 23.08% | 1.69 | 1.67 |
| 11/06/2014 | 30/06/2014 | 0.05 | 8.33% | 1.32 | 1.32 |
| 20/01/2014 | 03/02/2014 | 0.0462 | 20.00% | 1.33 | 1.35 |
| 12/06/2013 | 01/07/2013 | 0.0385 | -35.90% | 1.48 | 1.5 |
| 16/01/2013 | 01/02/2013 | 0.06 | 20.00% | 1.91 | 1.91 |
| 13/06/2012 | 02/07/2012 | 0.05 | 150.00% | 1.61 | 1.59 |
| 18/01/2012 | 01/02/2012 | 0.02 | 466.70% | 1.48 | 1.5 |
| 17/01/2012 | 01/02/2012 | 0.0035 | -91.18% | 0.87 | 1.42 |
| 15/06/2011 | 04/07/2011 | 0.04 | 11.20% | 1.6 | 1.61 |
| 14/06/2011 | 04/07/2011 | 0.036 | 239.72% | 0.93 | 1.52 |
| 12/01/2011 | 25/01/2011 | 0.0106 | 49.99% | 2.01 | 2 |
| 21/06/2010 | 02/07/2010 | 0.0071 | -92.16% | 1.9 | 1.89 |
| 18/01/2010 | 02/02/2010 | 0.0901 | 13.76% | 2.06 | 2.07 |
| 26/01/2009 | 09/02/2009 | 0.0792 | 33.32% | 1.56 | 1.56 |
| 28/01/2008 | 05/02/2008 | 0.0594 | -57.14% | 2.09 | 2.07 |
| 15/07/2002 | 30/07/2002 | 0.1386 | 54.66% | 4.41 | 4.34 |
| 14/07/2002 | 30/07/2002 | 0.0896 | -35.34% | 2.14 | 4.01 |
| 14/01/2002 | 29/01/2002 | 0.1386 | 54.66% | 4.98 | 4.95 |
| 13/01/2002 | 29/01/2002 | 0.0896 | -35.34% | 2.68 | 5.19 |
| 16/07/2001 | 30/07/2001 | 0.1386 | 54.66% | 5.07 | 5.07 |
| 15/07/2001 | 30/07/2001 | 0.0896 | -35.34% | 2.54 | 5.06 |
| 15/01/2001 | 25/01/2001 | 0.1386 | 54.66% | 5.01 | 5 |
| 14/01/2001 | 25/01/2001 | 0.0896 | -35.34% | 2.54 | 5.2 |
| 10/07/2000 | 21/07/2000 | 0.1386 | 54.66% | 5.07 | 5.07 |
| 09/07/2000 | 21/07/2000 | 0.0896 | -24.56% | 2.43 | 5.1 |
| 06/03/2000 | 17/03/2000 | 0.1188 | 54.65% | 4.45 | 4.5 |
| 05/03/2000 | 17/03/2000 | 0.0768 | N/A | 2.23 | 4.8 |
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Investment Analysis: Tower Limited
Dividend Payment Analysis
Tower Limited (TWR.NZ) operates in the Financial Services sector and offers investors a high dividend yield of 11.45% based on current market prices. For New Zealand income investors, this translates to approximately $0.3900per 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. Tower Limitedcurrently maintains a payout ratio of not available, which is considered strong coverage.
Dividend Yield Context
A 11.45% 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. Tower Limited trades at a P/E ratio of 8.0x, 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, Tower 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
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 Tower Limited's current dividend yield?
Tower Limited (TWR.NZ) currently has a dividend yield of 11.45% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.390) by the current share price ($2.15).
When does Tower Limited pay dividends?
Based on historical data, Tower Limited typically pays dividends semi-annually. The most recent ex-dividend date was 14/01/2026with a payment of $0.1941 per share. The payment date was 29/01/2026. Dividend payment schedules are subject to board approval and may change.
Does Tower Limited offer imputation credits?
Tower 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 Tower Limited been paying dividends?
Our database shows Tower Limited has 20 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 Tower Limited's official dividend announcements?
Official dividend announcements for Tower 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 Tower Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Tower Limited as of 22/05/2026:
Dividend Consistency
Tower Limited has made 20 consecutive years of dividend payments based on our records, with a total of 39 payments tracked.
Dividend Growth Pattern
Over the tracked period, Tower 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 | 11.45% |
| 5-Year Average Yield | 11.45% |
| 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
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.
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