Could Auckland International Airport's Dividend Disappoint? -- Market Talk

Dow Jones
02/12

0032 GMT - Forsyth Barr questions whether Auckland International Airport's dividend could disappoint investors when it reports 1H results on Feb. 19. Analyst Andy Bowley tips Auckland Airport to report a 1H underlying net profit of NZ$160 million, up 8% on year. Higher profit is supported by aeronautical price increases and increased passenger traffic. Despite this, Forsyth Barr expects the company to keep its dividend flat at 6.25 New Zealand cents a share. That reflects expectations that its earnings will decline in 2H as depreciation and interest cost headwinds mount. Also, Forsyth Barr says Auckland Airport faces elevated near-term capex requirements, and the company needs to account for a swollen number of shares on issue after raising capital in 2024. Forsyth Barr has a neutral call on Auckland Airport. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

February 11, 2026 19:32 ET (00:32 GMT)

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