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.
Lets have a look at AMP Ltd [AMP.NZ] this time. AMP hasn't done well at all since its 1998 listing. With NZ$2.75 in net dividends paid (see chart above) and another 33% of that figure gained for those eligible for associated tax credits, makes an approx minus 50% return (see chart below for the share price percentage gain against the average of all NZX indexes) over the 12 year listing which gives an approx annual net return of minus 4.16%.
This is approx 150% worse than the return from the average of all NZX indexes.
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Long Term View Series
Auckland International Airport
Air New Zealand
AMP Ltd
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Telecom NZ Ltd
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