Air New ZealandASX:AIZ 38 Dividend Yield % is 2.59% as of Jun. 25, 2026, which is 61% below its 10-year median of 6.70. GuruFocus rates ASX:AIZ with a GF Score™ of 38/100 and a GF Value™ of A$0.52 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 666 Transportation companies, Air New Zealand ranks worse than 54.65% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of Air New Zealand is 2.59%.
Warning Sign:
Air New Zealand Ltd stock Dividend Yield % is close to 10-year low.
The historical rank and industry rank for Air New Zealand's Dividend Yield % or its related term are showing as below:
ASX:AIZ'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.45 Med: 6.7 Max: 25.62
Current: 2.59
During the past 13 years, the highest Dividend Yield of Air New Zealand was 25.62%. The lowest was 2.45%. And the median was 6.70%.
ASX:AIZ's Dividend Yield % is ranked worse than 54.65% of 666
companies
in the Transportation industry
Industry Median: 3.055
vs ASX:AIZ: 2.59
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Air New Zealand Ltd is 0.757, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Air New Zealand was 0.93. The lowest was 0.47. And the median was 0.62.
During the past 12 months, Air New Zealand's average Dividends Per Share Growth Rate was -25.70% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Air New Zealand was 59.60% per year. The lowest was -18.30% per year. And the median was 8.90% 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.
Air New Zealand (ASX:AIZ) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
The historical data trend for Air New Zealand's Dividend Yield % 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.
ASX:AIZ vs DAL, UAL, LUV: Dividend Yield % Comparison
For the Airlines subindustry, Air New Zealand's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Air New Zealand Dividend Yield % vs Transportation Industry
For the Transportation industry and Industrials sector, Air New Zealand's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Air New Zealand's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Air New Zealand Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.009446
2025-09-11
2025-09-12
2025-09-25
Cash Dividend
semi-annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Air New Zealand's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.009446
/
0.365
=
2.59 %
Current Share Price is A$0.365. Air New Zealand's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.009446.
Air New Zealand's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.018892
/
0.365
=
5.18 %
Current Share Price is A$0.365. Air New Zealand's Dividends per Share for the forward twelve months is calculated as A$0.009446 * 2 = A$0.018892.
* 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.
Air New Zealand (ASX:AIZ) has a Dividend Yield % of 2.59% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Air New Zealand and its competitors. This is 61% below median its historical median of 6.70. Over the past decade, Air New Zealand's Dividend Yield % has ranged from 2.45 to 25.62. According to the industry distribution chart, Air New Zealand ranks #364 out of 666 companies in the Transportation industry, placing it in the top 54.7%.
Is Air New Zealand's Dividend Yield % too high?
Air New Zealand's current Dividend Yield % of 2.59% is 61% below median its 10-year median of 6.70. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 25.62. The Transportation industry median Dividend Yield % is 3.06. Air New Zealand's value of 2.59% is 15.2% below this industry median. Based on the distribution chart, Air New Zealand ranks #364 out of 666 companies in the Transportation industry, which is below the industry midpoint. Overall, Air New Zealand has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air New Zealand's Dividend Yield % compare to DAL and UAL?
According to the Transportation industry distribution chart, Air New Zealand ranks #364 out of 666 companies for Dividend Yield %. This places Air New Zealand in the lower half of its industry. The industry median Dividend Yield % is 3.06. Air New Zealand's value of 2.59% is 15.2% below this benchmark. Historically, Air New Zealand's own Dividend Yield % has ranged from 2.45 to 25.62 over the past decade. While the company's 10-year median is 6.70 vs. the industry median of 3.06, Air New Zealand has consistently been below 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 Yield % for a Transportation company?
The median Dividend Yield % among Transportation companies is 3.06, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air New Zealand's current Dividend Yield % of 2.59% is 15.2% below 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Air New Zealand and its competitors. For the Transportation industry, the median Dividend Yield % is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air New Zealand's current Dividend Yield % is 2.59%, which is 61% below median its own 10-year median of 6.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Air New Zealand (ASX:AIZ) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.52, compared to a current price of A$0.37 — trading 29.8% below its estimated fair value. The current Dividend Yield % is 2.59%, which is 61% below median its 10-year median of 6.70 and 15.2% below the Transportation industry median of 3.06. Air New Zealand's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Air New Zealand (ASX:AIZ), the current Dividend Yield % is 2.59% as of Jun. 25, 2026. 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 Air New Zealand (ASX:AIZ) Overvalued in 2026?
Based on GuruFocus' analysis, Air New Zealand stock appears to be undervalued.
The current stock price of A$0.37 is trading 29.8% below its estimated GF Value™ of A$0.52.
GuruFocus considers Air New Zealand to be Possible Value Trap.
Key valuation signals for ASX:AIZ:
Dividend Yield %: 2.59% (61% below median its 10-year median of 6.70)
GF Value™: A$0.52 vs. price of A$0.37 (29.8% below fair value)
Industry Position: 15.2% below the Transportation median (#364 of 666)
No single metric tells the full story. See the ASX:AIZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.
38GF Score
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