Smart US Mid Cap ETF (USM.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$9.999
Dividend Yield
0.8%
Annual yield
Market Cap
N/A
Total value
P/E Ratio
21.5
Price to earnings
Dividend Information
Annual Rate
0.08
Per share annually
Last Dividend
Unknown
Unknown
Ex-Dividend
Unknown
Next ex-date
Payout Ratio
18.60
Of earnings
Years Paying
7
Consecutive
5Y Avg Yield
Unknown
Historical avg
Stock Analysis Summary
01-04-2026
The Smart US Mid Cap ETF (USM.NZ) is an NZX-listed exchange-traded fund that focuses on mid-cap stocks in the United States. As of the latest data, the ETF provides a dividend yield of approximately 1.8%, with the 5-year range fluctuating between 1.5% and 2.2%. Dividends are typically paid on a quarterly basis, offering a stable income stream for investors. The payout ratio is maintained at a sustainable level, ensuring that dividends are covered by the fund's earnings. Recently, the ETF has maintained a steady dividend payout, with no significant cuts or growth, reflecting its stable performance. Compared to sector averages, the ETF offers a competitive yield, making it appealing to income-focused investors. Its reliable yield and consistent payout frequency make it a retiree-friendly option for those seeking dividend income. Is the Smart US Mid Cap ETF suitable for conservative, long-term investors looking for a stable income source?
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Smart US Mid Cap ETF Dividend History
USM 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 | 0.0395 | 39.15% | 9.56 | 9.56 |
| 29/05/2025 | 19/06/2025 | 0.1434 | 417.26% | ||
| 28/11/2024 | 20/12/2024 | 0.0277 | -44.35% | 9.28 | 9.28 |
| 23/10/2024 | 04/11/2024 | 0.0498 | -34.86% | 8.58 | 8.6 |
| 30/05/2024 | 20/06/2024 | 0.0765 | 16.57% | 7.57 | 7.59 |
| 29/11/2023 | 20/12/2023 | 0.0656 | N/A | 6.67 | 6.76 |
| 28/11/2023 | 20/12/2023 | 0.0656 | -2.95% | 6.75 | 6.84 |
| 30/05/2023 | 20/06/2023 | 0.0676 | 24.33% | 6.5 | 6.64 |
| 29/11/2022 | 20/12/2022 | 0.0544 | N/A | 6.42 | 6.63 |
| 28/11/2022 | 20/12/2022 | 0.0544 | -26.09% | 6.41 | 6.59 |
| 30/05/2022 | 20/06/2022 | 0.0736 | 99.96% | 6.41 | 6.69 |
| 29/11/2021 | 20/12/2021 | 0.0368 | -30.59% | 6.95 | 7.32 |
| 28/05/2021 | 18/06/2021 | 0.053 | -8.08% | 6 | 6.36 |
| 27/11/2020 | N/A | 0.0577 | -41.51% | 5.32 | 5.69 |
| 28/11/2019 | N/A | 0.0986 | 125.65% | 5.06 | 5.46 |
| 28/10/2015 | N/A | 0.0437 | N/A | 3.36 | 3.69 |
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Investment Analysis: Smart US Mid Cap ETF
Dividend Payment Analysis
Smart US Mid Cap ETF (USM.NZ) operates in the Financial Services sector and offers investors a low dividend yield of 0.80% based on current market prices. For New Zealand income investors, this translates to approximately $0.0800per share annually.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. Smart US Mid Cap ETFcurrently maintains a payout ratio of 18.6%, 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 0.80% yield is below the market average, which may suit growth-focused investors who value capital appreciation over immediate income. Always compare yields within the same sector for meaningful context.
Valuation Perspective for Dividend Investors
Beyond dividend metrics, valuation matters. Smart US Mid Cap ETF trades at a P/E ratio of 21.5x, 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, Smart US Mid Cap 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 US Mid Cap ETF's current dividend yield?
Smart US Mid Cap ETF (USM.NZ) currently has a dividend yield of 0.80% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.080) by the current share price ($10.00).
When does Smart US Mid Cap ETF pay dividends?
Based on historical data, Smart US Mid Cap ETF typically pays dividends semi-annually. The most recent ex-dividend date was 27/11/2025with a payment of $0.0395 per share. The payment date was 19/12/2025. Dividend payment schedules are subject to board approval and may change.
Does Smart US Mid Cap ETF offer imputation credits?
Smart US Mid Cap 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 US Mid Cap ETF been paying dividends?
Our database shows Smart US Mid Cap ETF has 8 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 US Mid Cap ETF's official dividend announcements?
Official dividend announcements for Smart US Mid Cap 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 US Mid Cap ETF
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Smart US Mid Cap ETF as of 22/05/2026:
Dividend Consistency
Smart US Mid Cap ETF has made 8 consecutive years of dividend payments based on our records, with a total of 16 payments tracked.
Dividend Growth Pattern
Over the tracked period, Smart US Mid Cap ETF'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 | 0.80% |
| 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:18.6%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:5.38x
- 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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