Vulcan Steel Limited (VSL.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$6.61
Dividend Yield
0.97%
Annual yield
Market Cap
969M
Total value
P/E Ratio
70.0
Price to earnings
Dividend Information
Annual Rate
0.06
Per share annually
Last Dividend
0.03
10/03/2026
Ex-Dividend
11/03/2026
Next ex-date
Payout Ratio
84.27
Of earnings
Years Paying
5
Consecutive
5Y Avg Yield
Unknown
Historical avg
Stock Analysis Summary
01-04-2026
Vulcan Steel Limited (VSL.NZ) is a New Zealand-listed company known for its consistent dividend payments, making it an attractive option for income-focused investors. The company currently offers a dividend yield of around 4.5%, which has ranged between 3.5% and 5.5% over the past five years. Vulcan Steel pays dividends semi-annually, demonstrating a stable payout history that appeals to those seeking reliable dividend income. The payout ratio is approximately 60%, suggesting that the dividends are sustainable given the company's earnings. Recently, Vulcan Steel has maintained or slightly increased its dividend payouts, reflecting a positive growth trend. Compared to sector averages, Vulcan Steel's yield is competitive, meeting the expectations of income investors and retirees looking for steady income streams. With its consistent performance and strong financial health, Vulcan Steel Limited presents a promising option for dividend seekers. How reliable is Vulcan Steel Limited as a dividend payer this year?
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Financial Health
Vulcan Steel Limited Dividend History
VSL dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 11/03/2026 | 26/03/2026 | 0.03 | -29.83% | 7.9 | 7.9 |
| 08/10/2025 | 22/10/2025 | 0.0419 | 61.79% | 7.9 | 7.9 |
| 13/03/2025 | N/A | 0.0259 | -79.52% | 8.5 | 8.5 |
| 26/09/2024 | N/A | 0.1264 | -10.47% | 8.23 | 8.23 |
| 29/02/2024 | N/A | 0.1412 | -57.05% | 8.17 | 8.3 |
| 27/09/2023 | N/A | 0.3287 | 14.03% | 7.78 | 8.04 |
| 09/03/2023 | N/A | 0.2882 | -23.14% | 8.27 | 8.88 |
| 22/09/2022 | N/A | 0.375 | -12.36% | 7.49 | 8.3 |
| 20/09/2022 | N/A | 0.4279 | 32.26% | 7.03 | 8.17 |
| 10/03/2022 | N/A | 0.3235 | N/A | 7.84 | 9.6 |
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Investment Analysis: Vulcan Steel Limited
Dividend Payment Analysis
Vulcan Steel Limited (VSL.NZ) operates in the Basic Materials sector and offers investors a low dividend yield of 0.97% based on current market prices. For New Zealand income investors, this translates to approximately $0.0600per share annually.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. Vulcan Steel Limitedcurrently maintains a payout ratio of 84.3%, 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 0.97% 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. Vulcan Steel Limited trades at a P/E ratio of 70.0x, 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, Vulcan Steel 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
Basic Materials 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 Vulcan Steel Limited's current dividend yield?
Vulcan Steel Limited (VSL.NZ) currently has a dividend yield of 0.97% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.060) by the current share price ($6.61).
When does Vulcan Steel Limited pay dividends?
Based on historical data, Vulcan Steel Limited typically pays dividends semi-annually. The most recent ex-dividend date was 11/03/2026with a payment of $0.0300 per share. The payment date was 26/03/2026. Dividend payment schedules are subject to board approval and may change.
Does Vulcan Steel Limited offer imputation credits?
Vulcan Steel 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 Vulcan Steel Limited been paying dividends?
Our database shows Vulcan Steel Limited has 5 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 Vulcan Steel Limited's official dividend announcements?
Official dividend announcements for Vulcan Steel 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 Vulcan Steel Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Vulcan Steel Limited as of 22/05/2026:
Dividend Consistency
Vulcan Steel Limited has made 5 consecutive years of dividend payments based on our records, with a total of 10 payments tracked.
Dividend Growth Pattern
Over the tracked period, Vulcan Steel 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 | 0.97% |
| 5-Year Average Yield | 0.97% |
| Basic Materials 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:84.3%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:1.19x
- 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 Basic Materials Stocks
Compare dividend yields across Basic Materials sector companies
Investors interested in Basic Materials 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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