Is Tower a good dividend stock?

Tower (ASX:TWR) pays an annual dividend of A$0.05 per share and currently has a dividend yield of 8.99%. TWR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 500.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for TWR .

ASX:TWR

Tower (TWR) Stock Price, News & Analysis

→ New crypto project uncovers 2,050% in 65 days (From InvestorPlace) (Ad)

Free TWR Stock Alerts

Compare

Today's Range: N/A
50-Day Range: N/A
52-Week Range: N/A

Volume: N/A
Average Volume: N/A
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 8.99%
Price Target: N/A

Stock Analysis

Get Tower alerts:

Ad InvestorPlace

New crypto project uncovers 2,050% in 65 days

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

Just click here to sign up and be among the first to get it.

About Tower

Tower Limited provides general insurance products in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, contract works and renovation cover, landlord, boat, business, travel, pet, renters, house and contents bundle, electric vehicle, motorbike and motorcycle, lifestyle block, caravan or trailer, motorhome, campervan and RV, and multi-policy discount insurance. Tower Limited was founded in 1869 and is headquartered in Auckland, New Zealand.

Ad InvestorPlace

New crypto project uncovers 2,050% in 65 days

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

Just click here to sign up and be among the first to get it.

TWR Stock News Headlines

No headlines for this company have been tracked by MarketBeat.com

Receive TWR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Tower and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange: ASX
Sector: Financial Services
Industry: Insurance - Property & Casualty
Sub-Industry: N/A
Current Symbol: ASX:TWR
CUSIP: N/A
CIK: N/A
Web: www.tower.co.nz
Phone: 64 9 985 1558
Fax: N/A
Employees: 897
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): A$0.01
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $2.35 million
Net Margins: -0.30%
Pretax Margin: N/A
Return on Equity: 0.76%
Return on Assets: 0.53%

Debt

Debt-to-Equity Ratio: 10.86
Current Ratio: 0.81
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: $412.16 million
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: A$0.79 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 379,480,000
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.33

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Blair McLaren Turnbull
Chief Executive Officer
Mr. Paul Johnston
Chief Financial Officer
Mr. Andrew John Hambleton
Chief Administrative Officer
Tania Pearson
General Counsel & Company Secretary
Ms. Emily Davies
Head of Corporate Affairs & Sustainability
Ms. Michelle Finch
Chief Revenue, Marketing & Brand Officer
Mr. Ronald Mudaliar
Chief Underwriting Officer
Ms. Paula Ter Brake
MD of Pacific
Mr. Steve Wilson
Chief Claims Officer
Ms. Anna Kooperberg
Chief Customer Experience Officer

Key Competitors

View All Competitors

TWR Stock Analysis - Frequently Asked Questions

Is Tower a good dividend stock?: Tower (ASX:TWR) pays an annual dividend of A$0.05 per share and currently has a dividend yield of 8.99%. TWR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 500.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for TWR.

This page (ASX:TWR) was last updated on 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Tower (TWR) Stock Price, News & Analysis

About Tower

TWR Stock News Headlines

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

TWR Stock Analysis - Frequently Asked Questions

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info