The a2 Milk CoNZSE:ATM +0.71%82 Dividend Yield % is 2.73% as of Jun. 24, 2026, which is 264% above its 10-year median of 0.75. GuruFocus rates NZSE:ATM with a GF Score™ of 82/100 and a GF Value™ of NZ$8.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,173 Consumer Packaged Goods companies, The a2 Milk Co ranks worse than 56.78% on this metric.
As of today (2026-06-24), the Trailing Annual Dividend Yield of The a2 Milk Co is 2.73%.
Good Sign:
The a2 Milk Co Ltd stock Dividend Yield % is close to 1-year high.
The historical rank and industry rank for The a2 Milk Co's Dividend Yield % or its related term are showing as below:
NZSE:ATM'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.67 Med: 0.75 Max: 2.84
Current: 2.73
During the past 13 years, the highest Dividend Yield of The a2 Milk Co was 2.84%. The lowest was 0.67%. And the median was 0.75%.
NZSE:ATM's Dividend Yield % is ranked worse than 56.78% of 1173
companies
in the Consumer Packaged Goods industry
Industry Median: 2.91
vs NZSE:ATM: 2.73
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.
The a2 Milk Co (NZSE:ATM) 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 The a2 Milk Co'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.
For the Packaged Foods subindustry, The a2 Milk Co'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.
The a2 Milk Co Dividend Yield % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where The a2 Milk Co's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
The a2 Milk Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
NZD 0.115000
2026-03-19
2026-03-20
2026-04-02
Cash Dividend
semi-annually
NZD:NZD 1.000000
NZD 0.115000
2025-09-18
2025-09-19
2025-10-03
Cash Dividend
semi-annually
NZD:NZD 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.
The a2 Milk Co's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.23
/
8.47
=
2.72 %
Current Share Price is NZ$8.47. The a2 Milk Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is NZ$0.23.
The a2 Milk Co's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.23
/
8.47
=
2.72 %
Current Share Price is NZ$8.47. The a2 Milk Co's Dividends per Share for the forward twelve months is calculated as NZ$0.115 * 2 = NZ$0.23.
* 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.
The a2 Milk Co (NZSE:ATM) has a Dividend Yield % of 2.73% as of Jun. 24, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on The a2 Milk Co and its competitors. This is 264% above median its historical median of 0.75. Over the past decade, The a2 Milk Co's Dividend Yield % has ranged from 0.67 to 2.84. According to the industry distribution chart, The a2 Milk Co ranks #666 out of 1173 companies in the Consumer Packaged Goods industry, placing it in the top 56.8%.
Is The a2 Milk Co's Dividend Yield % too high?
The a2 Milk Co's current Dividend Yield % of 2.73% is 264% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 2.84. The Consumer Packaged Goods industry median Dividend Yield % is 2.91. The a2 Milk Co's value of 2.73% is 6.2% below this industry median. Based on the distribution chart, The a2 Milk Co ranks #666 out of 1173 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, The a2 Milk Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's Dividend Yield % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The a2 Milk Co ranks #666 out of 1173 companies for Dividend Yield %. This places The a2 Milk Co in the lower half of its industry. The industry median Dividend Yield % is 2.91. The a2 Milk Co's value of 2.73% is 6.2% below this benchmark. Historically, The a2 Milk Co's own Dividend Yield % has ranged from 0.67 to 2.84 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 2.91, The a2 Milk Co 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 Consumer Packaged Goods company?
The median Dividend Yield % among Consumer Packaged Goods companies is 2.91, based on 1,173 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. The a2 Milk Co's current Dividend Yield % of 2.73% is 6.2% 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 The a2 Milk Co and its competitors. For the Consumer Packaged Goods industry, the median Dividend Yield % is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The a2 Milk Co's current Dividend Yield % is 2.73%, which is 264% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (NZSE:ATM) is currently considered Fairly Valued. The stock's GF Value™ is NZ$8.49, compared to a current price of NZ$8.47 — trading 0.2% below its estimated fair value. The current Dividend Yield % is 2.73%, which is 264% above median its 10-year median of 0.75 and 6.2% below the Consumer Packaged Goods industry median of 2.91. The a2 Milk Co's overall GF Score™ is 82/100 with 3 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 The a2 Milk Co (NZSE:ATM), the current Dividend Yield % is 2.73% as of Jun. 24, 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 The a2 Milk Co (NZSE:ATM) Overvalued in 2026?
Based on GuruFocus' analysis, The a2 Milk Co stock appears to be undervalued.
The current stock price of NZ$8.47 is trading 0.2% below its estimated GF Value™ of NZ$8.49.
GuruFocus considers The a2 Milk Co to be Fairly Valued.
Key valuation signals for NZSE:ATM:
Dividend Yield %: 2.73% (264% above median its 10-year median of 0.75)
GF Value™: NZ$8.49 vs. price of NZ$8.47 (0.2% below fair value)
Industry Position: 6.2% below the Consumer Packaged Goods median (#666 of 1173)
No single metric tells the full story. See the NZSE:ATM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.
82GF Score
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