In this series of posts I am going to be looking at stocks listed on the NZX in relation to their returns to shareholders over the life of their listing -what shareholders would now see in their back pockets if they had invested in the company IPO.
The calculation of returns includes dividends and tax credits.
Contact Energy Ltd [CEN.NZ] has been good to its shareholders in terms of returns since its NZX listing in 1999 at NZ$3.10. With NZ$2.46 cents in net dividends (see chart above) paid and another 33% of that figure gained for those eligible for associated tax credits, a slightly less than 200% return (see chart below for the share price percentage gain against the average of all NZX indexes) over the 11 year listing gives an annual net return of just over 18%.
This is more than double than the return from the average of all NZX indexes.
Long Term View Series
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Air New Zealand
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Contact Energy Ltd
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Mainfreight Ltd
Metlifecare Ltd
New Zealand Refining Ltd
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Restaurant Brands Ltd
Ryman Healthcare Ltd
Sanford Ltd
Sky City Entertainment Group Ltd
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Telecom NZ Ltd
Telstra Corp Ltd
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Contact Energy @ Share Investor
Stock of the Week: Reprise 2 - Contact Energy
Stock of the Week: Reprise - Contact Energy
Not so fast Davy Boy
Still Watching Contact Energy
Beam me up Davy
Stock of the Week: Contact Energy
MarketWatch: Contact Energy - June 2009
MarketWatch: Contact Energy - Jan 2009
Contact Energy looks bright during dark times
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