MGHTF (Mercury NZ) Dividend Payout Ratio: 10.38 (As of Dec. 2025) — 889% Above Median


MGHTF Mercury NZ Ltd MGHTF
79 GF Score
Price $4.37
GF Value $4.06
Valuation Fairly Valued
! 11 Warning Signs
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What is Mercury NZ Dividend Payout Ratio?

Mercury NZ MGHTF +8.44% 79 Dividend Payout Ratio is 10.38 as of Dec. 2025, which is 889% above its 10-year median of 1.05. GuruFocus rates MGHTF with a GF Score™ of 79/100 and a GF Value™ of $4.06 (Fairly Valued). The stock has 11 warning signs investors should review. Among 181 Utilities - Independent Power Producers companies, Mercury NZ ranks worse than 95.58% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Mercury NZ's Dividend Payout Ratio for the months ended in Dec. 2025 was 10.38.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mercury NZ Ltd is 3.81, which seems too high.

The historical rank and industry rank for Mercury NZ's Dividend Payout Ratio or its related term are showing as below:

MGHTF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.05   Max: 236
Current: 3.81

During the past 13 years, the highest Dividend Payout Ratio of Mercury NZ was 236.00. The lowest was 0.53. And the median was 1.05.

MGHTF's Dividend Payout Ratio is ranked worse than
95.58% of 181 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs MGHTF: 3.81

As of today (2026-06-26), the Dividend Yield % of Mercury NZ is 3.22%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mercury NZ was 4.90%. The lowest was 2.13%. And the median was 3.39%.

Mercury NZ's Dividends per Share for the months ended in Dec. 2025 was $0.08.

During the past 12 months, Mercury NZ's average Dividends Per Share Growth Rate was 3.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mercury NZ was 11.40% per year. The lowest was 2.80% per year. And the median was 6.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Mercury NZ (OTCPK:MGHTF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Mercury NZ Dividend Payout Ratio Related Terms

Mercury NZ Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Mercury NZ's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mercury NZ Dividend Payout Ratio Chart

Mercury NZ Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 0.53 2.02 1.08 0.00

Mercury NZ Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.12 0.00 2.00 10.38

Mercury NZ Dividend Payout Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Mercury NZ's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mercury NZ Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mercury NZ's Dividend Payout Ratio falls into.


MGHTF
79GF Score
Mercury NZ Ltd MGHTF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercury NZ Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Mercury NZ's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.142/ 0
=N/A

Mercury NZ's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.083/ 0.008
=10.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 10.38 mean?
Mercury NZ (MGHTF) has a Dividend Payout Ratio of 10.38 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mercury NZ and its competitors. This is 889% above median its historical median of 1.05. Over the past decade, Mercury NZ's Dividend Payout Ratio has ranged from 0.53 to 236.00. According to the industry distribution chart, Mercury NZ ranks #173 out of 181 companies in the Utilities - Independent Power Producers industry, placing it in the top 95.6%.
Is Mercury NZ's Dividend Payout Ratio too high?
Mercury NZ's current Dividend Payout Ratio of 10.38 is 889% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 236.00. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. Mercury NZ's value of 10.38 is 2259.1% above this industry median. Based on the distribution chart, Mercury NZ ranks #173 out of 181 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Mercury NZ has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mercury NZ's Dividend Payout Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Mercury NZ ranks #173 out of 181 companies for Dividend Payout Ratio. This places Mercury NZ in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Mercury NZ's value of 10.38 is 2259.1% above this benchmark. Historically, Mercury NZ's own Dividend Payout Ratio has ranged from 0.53 to 236.00 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.44, Mercury NZ has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mercury NZ's current Dividend Payout Ratio of 10.38 is 2259.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mercury NZ and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury NZ's current Dividend Payout Ratio is 10.38, which is 889% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury NZ stock overvalued right now?
Based on GuruFocus' analysis, Mercury NZ (MGHTF) is currently considered Fairly Valued. The stock's GF Value™ is $4.06, compared to a current price of $4.37 — trading 7.6% above its estimated fair value. The current Dividend Payout Ratio is 10.38, which is 889% above median its 10-year median of 1.05 and 2259.1% above the Utilities - Independent Power Producers industry median of 0.44. Mercury NZ's overall GF Score™ is 79/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Mercury NZ (MGHTF), the current Dividend Payout Ratio is 10.38 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercury NZ (MGHTF) Overvalued in 2026?

Based on GuruFocus' analysis, Mercury NZ stock appears to be overvalued. The current stock price of $4.37 is trading 7.6% above its estimated GF Value™ of $4.06. GuruFocus considers Mercury NZ to be Fairly Valued.

Key valuation signals for MGHTF:

  • Dividend Payout Ratio: 10.38 (889% above median its 10-year median of 1.05)
  • GF Value™: $4.06 vs. price of $4.37 (7.6% above fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 2259.1% above the Utilities - Independent Power Producers median (#173 of 181)

No single metric tells the full story. See the MGHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mercury NZ Business Description

Address 33 Broadway, The Mercury Building, Newmarket, Auckland, NTL, NZL, 1023
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
79GF Score

Get the complete analysis for MGHTF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.37
Price
$4.06
GF Value