Best Dividend Stocks NZ 2026
New Zealand's top 10 highest-yielding dividend stocks on the NZX. Find the best dividend paying stocks ranked by yield for income investors.
Top 10 Highest Dividend Stocks NZ - January 2026
The best dividend paying stocks on the NZX ranked by yield. Updated daily with live data.
TWR.NZ
Tower Limited
Financial Services
Yield
12.63%
Annual Rate
$0.78
Price
$1.925
12.63%
Dividend Yield
LIC.NZ
Livestock Improvement Corporation Limited
Consumer Defensive
Yield
12.1%
Annual Rate
$0.16
Price
$1.01
12.1%
Dividend Yield
SPK.NZ
Spark New Zealand Limited
Communication Services
Yield
11.16%
Annual Rate
$0.28
Price
$2.19
11.16%
Dividend Yield
FCG.NZ
Fonterra Co-operative Group Limited
Consumer Defensive
Yield
9.48%
Annual Rate
$0.57
Price
$6.03
9.48%
Dividend Yield
NZM.NZ
NZME Limited
Communication Services
Yield
7.86%
Annual Rate
$0.07
Price
$1.145
7.86%
Dividend Yield
FSF.NZ
Fonterra Shareholders Fund
Consumer Defensive
Yield
7.17%
Annual Rate
$0.82
Price
$7.94
7.17%
Dividend Yield
SKT.NZ
SKY Network Television Limited
Communication Services
Yield
6.77%
Annual Rate
$0.32
Price
$3.17
6.77%
Dividend Yield
MFB.NZ
My Food Bag Group Limited
Consumer Cyclical
Yield
6.53%
Annual Rate
$0.02
Price
$0.24
6.53%
Dividend Yield
SPG.NZ
Stride Property Group
Real Estate
Yield
6.43%
Annual Rate
$0.09
Price
$1.245
6.43%
Dividend Yield
CNU.NZ
Chorus Limited
Communication Services
Yield
6.02%
Annual Rate
$0.69
Price
$9.2
6.02%
Dividend Yield
Understanding High-Yield Dividend Stocks in NZ
This page ranks NZX stocks by dividend yield - a measure of annual dividend payments relative to share price. The NZX includes dividend paying stocks across sectors like banking, utilities, and property. Below is general information about dividend metrics to help you understand the data shown.
What is Dividend Yield?
Dividend yield is calculated by dividing annual dividends by share price. High-yield stocks on the NZX typically range from 5-10%+ annually. However, yield alone doesn't indicate investment quality - factors like payout ratios and payment history provide additional context.
NZ Dividend-Paying Sectors
Dividend paying stocks in NZ are commonly found in utilities (Contact Energy, Mercury, Meridian), banking (ANZ, Heartland), property (Kiwi Property, Goodman), and telecommunications (Spark). These sectors historically have regular cash flows that may support dividend payments.
Dividend Yield vs Sustainability
Higher yields don't always indicate better value. Investors often consider payout ratios, earnings trends, and dividend payment history when researching stocks. Past dividend performance does not guarantee future payments.
NZ Imputation Credits
NZ dividend stocks may include imputation credits representing company tax already paid. For NZ tax residents, these credits can reduce personal tax liability. Consult a tax professional for advice on how imputation credits apply to your situation.
General Disclaimer
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