Vector Limited (VCT.NZ) Stock Price & Analysis

NZX Share Price, Dividends & Financials

Utilities

Website

Price

$5.3

Dividend Yield

4.89%

Annual yield

Market Cap

Total value

P/E Ratio

31.5

Price to earnings

Dividend Information

Annual Rate

0.25

Per share annually

Last Dividend

0.13

17/03/2026

Ex-Dividend

18/03/2026

Next ex-date

Payout Ratio

325.00

Of earnings

Years Paying

Consecutive

5Y Avg Yield

4.44

Historical avg

Stock Analysis Summary

01-04-2026

Vector Limited (VCT.NZ) is a prominent utility company listed on the NZX, known for its consistent dividend payments. As of the latest data, Vector offers a dividend yield of approximately 4.5%, with a 5-year range fluctuating between 4% and 5.5%. The company pays dividends semi-annually, demonstrating a stable payout history that appeals to income-focused investors. Vector maintains a payout ratio around 70%, which is generally considered sustainable, ensuring that dividends are covered by earnings. Recently, Vector has maintained steady dividend payments without significant cuts or growth, aligning with the utility sector's reputation for reliability. This consistency makes it an attractive option for retirees seeking dependable dividend income. Compared to sector averages, Vector's yield is competitive, meeting the expectations of income investors looking for stable returns. With its reliable yield and strong market position, is Vector Limited still a top dividend pick for 2025?

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Upcoming Ex-Dates

1 company

Next 30 days

Payment Dates

1 payment

This month

Avg Yield

All sectors

Dividend Growth History

42 payments tracked

+92.3% total growth

Latest Dividend

$0.125

Ex-date: 3/18/2026

Recent Change

-3.8%

vs previous payment

Valuation Metrics

Forward P/E19.76

EPS0.15

Revenue Per Share1.199

Financial Health

Current Ratio0.767

Quick Ratio0.351

Cash Per Share0.009

Vector Limited Dividend History

VCT dividend payment dates, amounts, and ex-dividend history

Ex Dividend Date	Payable Date	Dividend Amount	Amount Change	Adjusted Price	Close Price
18/03/2026	31/03/2026	0.125	-3.85%	4.83	4.83
04/09/2025	17/09/2025	0.13	8.33%	4.53	4.53
20/03/2025	31/03/2025	0.12	-18.64%	4.05	4.05
05/09/2024	16/09/2024	0.1475	59.46%	3.84	3.84
27/03/2024	09/04/2024	0.0925	-33.93%	3.71	3.73
05/09/2023	14/09/2023	0.14	61.12%	3.75	3.86
27/03/2023	06/04/2023	0.0869	-2.94%	3.66	3.85
09/09/2022	19/09/2022	0.0895	3.03%	4.18	4.49
29/03/2022	08/04/2022	0.0869	-2.94%	3.64	3.98
08/09/2021	16/09/2021	0.0895	8.52%	3.78	4.22
29/03/2021	08/04/2021	0.0825	N/A	3.49	3.98
11/09/2020	21/09/2020	0.0825	N/A	3.78	4.4
27/03/2020	08/04/2020	0.0825	N/A	2.79	3.31
06/09/2019	16/09/2019	0.0825	N/A	3.01	3.65
28/03/2019	11/04/2019	0.0825	3.13%	2.85	3.54
06/09/2018	14/09/2018	0.08	-3.03%	2.71	3.44
27/03/2018	11/04/2018	0.0825	3.13%	2.48	3.23
07/09/2017	15/09/2017	0.08	N/A	2.36	3.14
29/03/2017	13/04/2017	0.08	N/A	2.34	3.2
07/09/2016	N/A	0.08	3.23%	2.45	3.43
30/03/2016	N/A	0.0775	-3.13%	2.29	3.29
10/09/2015	N/A	0.08	6.67%	2.2	3.24
27/03/2015	N/A	0.075	-3.23%	2.02	3.04
04/09/2014	N/A	0.0775	3.33%	1.67	2.58
21/03/2014	N/A	0.075	-3.23%	1.55	2.46
04/09/2013	N/A	0.0775	6.90%	1.66	2.71
21/03/2013	N/A	0.0725	-3.33%	1.63	2.74
06/09/2012	N/A	0.075	466.68%	1.61	2.78
05/09/2012	N/A	0.0132	-81.09%	1.65	2.85
28/03/2012	N/A	0.07	-6.67%	1.46	2.59
08/09/2011	N/A	0.075	466.68%	1.34	2.45
07/09/2011	N/A	0.0132	11.11%	1.47	2.56
29/03/2011	N/A	0.0119	-82.35%	1.32	2.48
28/03/2011	N/A	0.0675	409.82%	1.39	2.5
01/09/2010	N/A	0.0132	-79.63%	1.1	2.07
01/04/2010	N/A	0.065	-10.34%	1.08	2.05
09/09/2009	N/A	0.0725	11.54%	1	1.97
01/04/2009	N/A	0.065	-3.70%	1.05	2.14
12/09/2008	N/A	0.0675	3.85%	1.08	2.26
01/04/2008	N/A	0.065	N/A	0.79	1.71
30/08/2007	N/A	0.065	N/A	1.13	2.53
02/04/2007	N/A	0.065	N/A	1.24	2.92

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Investment Analysis: Vector Limited

Dividend Payment Analysis

Vector Limited (VCT.NZ) operates in the Utilities sector and offers investors a moderate dividend yield of 4.89% based on current market prices. For New Zealand income investors, this translates to approximately $0.2500per 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. Vector Limitedcurrently maintains a payout ratio of 325.0%, 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 4.89% 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. Vector Limited trades at a P/E ratio of 31.5x, which is premium 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, Vector 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

Utilities 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 Vector Limited's current dividend yield?

Vector Limited (VCT.NZ) currently has a dividend yield of 4.89% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.250) by the current share price ($5.30).

When does Vector Limited pay dividends?

Based on historical data, Vector Limited typically pays dividends semi-annually. The most recent ex-dividend date was 18/03/2026with a payment of $0.1250 per share. The payment date was 31/03/2026. Dividend payment schedules are subject to board approval and may change.

Does Vector Limited offer imputation credits?

Vector 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 Vector Limited been paying dividends?

Our database shows Vector Limited has 21 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 Vector Limited's official dividend announcements?

Official dividend announcements for Vector 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 Vector Limited

Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Vector Limited as of 22/05/2026:

Dividend Consistency

Vector Limited has made 21 consecutive years of dividend payments based on our records, with a total of 42 payments tracked.

Dividend Growth Pattern

Over the tracked period, Vector Limited's dividends have remained relatively stable:

Increases

Decreases

Unchanged

Based on comparison of consecutive dividend payments. Historical data does not predict future performance.

Yield Context

Metric	Value
Current Yield	4.89%
5-Year Average Yield	4.89%
Utilities 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:325.0%
Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
Dividend Coverage:0.31x
Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed

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Important Disclosure

The information on this page is for educational and informational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell securities. Dividend payments are subject to board approval and may change without notice. Past performance does not guarantee future results. You should consult a licensed financial adviser before making investment decisions.