NZAC Dividend History & Yield Analysis
NZAC has 24 recorded dividend payments. Below is the full payout history with ex-dividend dates, pay dates, annual dividend totals and the current trailing and forward yield.
Yield & Payout Metrics
Yields calculated against a market price of $47.22.
Annual Dividend History
- 2026$0.29501 pmt
- 2025$0.81602 pmts
- 2024$0.68102 pmts
- 2023$0.52202 pmts
- 2022$0.47302 pmts
- 2021$0.53862 pmts
- 2020$0.45382 pmts
- 2019$0.53712 pmts
- 2018$0.50032 pmts
- 2017$0.49412 pmts
- 2016$0.37382 pmts
- 2015$0.42212 pmts
- 2014$0.03351 pmt
NZAC Payout History & Ex-Dividend Dates
| Ex-dividend date | Pay date | Amount / share |
|---|---|---|
| 2026-06-01 | 2026-06-01 | $0.2950 |
| 2025-11-01 | 2025-11-25 | $0.6490 |
| 2025-06-01 | 2025-06-02 | $0.1670 |
| 2024-12-01 | 2024-12-02 | $0.4040 |
| 2024-06-01 | 2024-06-03 | $0.2770 |
| 2023-12-01 | 2023-12-01 | $0.2300 |
| 2023-06-01 | 2023-06-01 | $0.2920 |
| 2022-12-01 | 2022-12-01 | $0.2150 |
| 2022-06-01 | 2022-06-01 | $0.2580 |
| 2021-12-01 | 2021-12-17 | $0.3058 |
| 2021-06-01 | 2021-06-01 | $0.2328 |
| 2020-12-01 | 2020-12-18 | $0.2588 |
| 2020-06-01 | 2020-06-01 | $0.1950 |
| 2019-12-01 | 2019-12-20 | $0.2878 |
| 2019-06-01 | 2019-06-03 | $0.2493 |
| 2018-12-01 | 2018-12-21 | $0.2573 |
| 2018-06-01 | 2018-06-01 | $0.2430 |
| 2017-12-01 | 2017-12-15 | $0.2138 |
| 2017-06-01 | 2017-06-16 | $0.2803 |
| 2016-12-01 | 2016-12-16 | $0.1485 |
| 2016-06-01 | 2016-06-17 | $0.2253 |
| 2015-12-01 | 2015-12-18 | $0.2018 |
| 2015-06-01 | 2015-06-19 | $0.2203 |
| 2014-12-01 | 2014-12-19 | $0.0335 |
Does NZAC pay dividends?
Yes. NZAC pays on a semi-annual schedule, most recently $0.2950 per share with an ex-dividend date of 2026-06-01. To receive a payout you must own the shares before the ex-dividend date; buying on or after it means the previous holder collects that payment.
How the NZAC yield is calculated
The trailing yield divides the last twelve months of dividends per share ($0.9440) by the latest market price. The forward yield annualizes the most recent payment across 2 payments per year, which reacts faster after a dividend raise or cut. A rising yield is only good news when it comes from a growing payout rather than a falling share price — check the annual history above and the NZAC DCF fair value page for the cash flow behind it.