E Daily Stock Analysis: Spark New Zealand Ltd.

Spark New Zealand Ltd. has the ticker symbol SPKKY and is a mid cap member of the communication services sector as a telecom services company. This is my first report on Spark New Zealand Ltd for this Vista folio or any of my five previous portfolios.  

Spark is one of only two large integrated telecommunications companies in New Zealand. 

It is the dominant provider of fixed-line services in the country and effectively an equal-number-one player in the mobile telephony market. 

It also boasts a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. 

gray metal tower with accessories

Image Source: Unsplash

Spark's operations are split into four components: Retail (home, mobile, and business), Digital (including IT services), Ventures (investments in technology and innovation), and Connect (infrastructure).

The company was formerly known as Telecom Corporation of New Zealand Limited and changed its name to Spark New Zealand Limited in August 2014. 

Spark New Zealand Limited was founded in 1987 and is based in Auckland, New Zealand.

Three key data points gauge dividend equities or funds like Spark New Zealand Ltd. (SPKKY):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

SPKKY Price

Spark New Zealand Ltd's price per share closed at $15.82 yesterday. One year ago its price was $13.01 Price per share has increased about 21.6% from the middle of last year's COVID market slump. 

Should Spark New Zealand Ltd stock trade in the range of $12.00 to $20.00 this year, its recent $15.82 price might rise by $2.18 to reach $18.00 by April 20, 2022. My estimate is however $0.04 higher than the estimate from the one analyst tracking the stock.

SPKKY Dividends

Spark New Zealand Ltd most recent declared a semi-annual dividend, paid Monday, April 19th, is $0.46 which equates to $0.92 annually and yields 5.81% at Monday's $15.82 closing price. SPKKY has paid variable regular and special dividend amounts also varying in frequency from semi-annual to quarterly beginning January 6, 1992, to present, that is, over the past 29 years

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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