High Income Stock From New Zealand

Aug. 20, 2013 1:33 AM ET
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Economy of New Zealand

The New Zealand has a market economy which is greatly dependent on international trade primarily with Australia, the European Union, the United States, China and Japan. The country is also well placed geographically to take advantage of increasing trade with Asia and other Pacific Rim Countries. While investing in New Zealand market you should also focus on this New Zealand stocks with dividends which can be profitable for you.

TrustPower Limited


TrustPower Limited is a New Zealand-based electricity generation and electricity retailing company. It is engaged in the development energy sources and the retail sale of electricity and telecommunications services to its customers. It operates with its two segments which include: Development, ownership and operation of electricity generation facilities from renewable energy sources. The Retail segment operates only in New Zealand and includes telecommunications operations. The company is New Zealand's fifth largest electricity generator and the fourth largest electricity retailer which is serving 260,000 customers throughout New Zealand.

The company owns and operates 34 power stations and generates 100% of its electricity using renewable energy sources, mainly hydro-electric but also wind farms. The company has approximately 35 million shares on issue as well as $214 million worth of subordinated bonds maturing between December 2008 and March 2014.


On August 18, 1923 A Power Board was elected to serve the greater Tauranga area. It was named the Tauranga Electric power Board. The premises seen below in Spring Street, Tauranga were purchased by the Tauranga Electric Power Board in September 1925 and were remodeled in 1931. Since 1994 TrustPower has expanded into towns and cities throughout New Zealand to become the fourth largest power company in New Zealand. The company's customers were the first in the country to be offered a comprehensive power saver kit.

In 1997 the company introduced its Friends loyalty program. Good customers deserve rewards. The company has developed a whole range of internet services which are now available on the company's website.

Company's Philosophy about Generation

The company is also consider as an electricity generator and operates a business that is reliant on natural and physical resources to provide the energy needs of communities and businesses throughout New Zealand. As a business, it is must for the company to perform to a level that can attract and retain investment. It must also be equally aware of society's environmental performance expectations and the need to deliver energy at a responsible cost to consumers and minimal cost to the environment.

The company recognizes the need to balance efficiency with practically and as a consequence all of its existing and proposed new generation facilities are located close to demand, maximizing efficiency through the minimization of transmission losses the need by others to invest in new transmission infrastructure.

Dividend History

The TrustPower Limited has a market capitalization of 2.25 Billion, EPS is 0.39, P/E ratio is 18.25 and the dividend yield is 5.59% at the annual dividend payout of 0.03.

As of March 31, 2012 the company owned 630 megawatt of hydro and wind generation spread throughout New Zealand as well as the 100 megawatt Snowtown Wind Farm in south Australia. It also supplies electricity to around 209,000 customers and provide 38,000 telecommunications services to 25,000 customers throughout New Zealand.

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