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The board of Mercury NZ Limited (NZSE:MCY) has announced that it will pay a dividend of NZ$0.1094 per share on the 2nd of April. Although the dividend is now higher, the yield is only 3.3%, which is below the industry average.
Check out our latest analysis for Mercury NZ
Mercury NZ Doesn't Earn Enough To Cover Its Payments
If it is predictable over a long period, even low dividend yields can be attractive. Based on the last payment, the company wasn't making enough to cover what it was paying...
>>> Read more: Mercury NZ's (NZSE:MCY) Dividend Will Be NZ$0.1094
Check out our latest analysis for Mercury NZ
Mercury NZ Doesn't Earn Enough To Cover Its Payments
If it is predictable over a long period, even low dividend yields can be attractive. Based on the last payment, the company wasn't making enough to cover what it was paying...
>>> Read more: Mercury NZ's (NZSE:MCY) Dividend Will Be NZ$0.1094
