Our historical and upcoming dividend information

All figures in NZD, The table above is sourced from NZX
Ex Dividend Period Amount Supp. Imputation Payable Currency
31 May 2022 Final 12.000c 2.118c 4.667c 15 Jun 2022 NZD
Interim 6.500c 1.147c 2.528c NZD
Final 11.500c 1.588c 3.500c NZD
Interim 6.250c 0.794c 1.750c NZD
Final 11.000c 1.134c 2.500c NZD
Interim 6.250c 0.681c 1.500c NZD
Final 11.000c 0.908c 2.000c NZD

Delivering strong returns

Infratil was one of the world's first listed infrastructure funds when it was established and listed on the New Zealand Exchange in 1994. Infratil is also listed on the Australian Stock Exchange.

We listed on 31 March 1994, with an initial market capitalisation of $25 million. Since then, we have built an exceptional track record and delivered strong returns to our shareholders.

All reports

Track record

 

An original investor who participated in Infratil’s initial public offering could have acquired 1,000 shares for $1,000 (500 in March 1994 and 500 in September 1994). That person would now have shares worth nearly $122,600 on 31 March 2022 - 15,219 shares (at $8.25 each).

A post-tax return of 18.7% a year over 28 years. In contrast, the NZX50 delivered a return of 8.3% a year over the same period.

The ten year view

 

A $1,000 investment in Infratil shares on 1 April 2012 (529 shares at $1.89 each) would have now grown to $7,044 on 31 March 2022 (854 shares at $8.25 each).

A post-tax return of 21.6% per year over 10 years.

In our calculations, we've assumed that the person: reinvested all their dividends; did not invest any more money and paid tax at the corporate tax rate if dividends were not fully imputed (if the company had not already paid the full tax).

Returns in 5-year periods

Sometimes it pays to look at returns in even shorter periods. For example, 5-year periods shown below highlight how stable our returns have been, and show performance against the market as a whole.

Annual returns may be impacted by short-term market fluctuations, but our 5-year returns highlight strong and stable outperformance over the long term. 
1. Bond yield at the start of the five year period
  Infratil annual returns (after tax) NZX50 annual returns (before tax) 5-year New Zealand government bonds annual returns (before tax)1
1994–1999 20.3% 5.7% 6.5%
1999–2004 24.7% 6.5% 5.5%
2004-2009 4.8% (0.6%) 5.6%
2009–2014 16.1% 14.7% 4.5%
2014–2019 22.1% 13.9% 4.2%
2019–2022 (3 years) 30.8% 7.1% 1.5%
Overall (since 1994) 18.7% 8.3% 4.9%

Our shares have outperformed the NZX50 and government bonds in all but one of the periods in the table.

Caption for the 28 year accumulation return
Year Dividend Return Capital Return Accumulation Index
1995 0 -0.03 970
1996 0.011078627 0.590090783 1113
1997 0.023544098 0.236592707 1421
1998 0.042683777 -0.135457592 1233
1999 0.066441984 0.627865685 2516
2000 0.105284389 -0.200543570 2218
2001 0.036121911 0.155344706 2815
2002 0.072556923 0.304812015 4222
2003 0.018214015 -0.006812314 4281
2004 0.054952510 0.579739961 7576
2005 0.046722907 0.240688895 10015
2006 0.033089684 0.260812685 13226
2007 0.031385130 0.320216104 18197
2008 0.022632980 -0.248063775 13890
2009 0.030991922 -0.322013376 9582
2010 0.038494440 0.183958872 12077
2011 0.037375415 0.114922170 14366
2012 0.038593867 -0.008954253 14881
2013 0.043650794 0.282162212 20692
2014 0.040456432 -0.061415299 20196
2015 0.117256637 0.428311483 32829
2016 0.061792453 0.034235313 36264
2017 0.044969512 -0.113607253 33571
2018 0.054982818 0.066457494 38005
2019 0.052677419 0.357414925 54803
2020 0.035827338 -0.057825412 53531
2021 0.03959079284 0.837893345 103099
2022 0.024280775 0.159713698 122600
Caption for the 10 year accumulation return
Year Dividend Return Capital Return Accumulation Index
2013 0.04365079365 0.28216221190 1326
2014 0.04045643154 -0.06141529857 1297
2015 0.11725663717 0.42831148254 2004
2016 0.06179245283 0.03423531349 2198
2017 0.04496951220 -0.11360725307 2049
2018 0.05498281787 0.06645749351 2297
2019 0.05267741935 0.35741492524 3241
2020 0.03582733813 -0.05782541246 3168
2021 0.03959079284 0.83789334526 5948
2022 0.02428077474 0.15971369838 7044