Highlights

  • Turners, Scales and Tower have all declared dividends payable in January 2026.
  • Dividend payments range from 8.0 cents to 16.5 cents per share across interim and final distributions.
  • The declarations follow updated financial results and forward guidance from each company.

Several NZX-listed companies have confirmed dividend payments scheduled for January 2026, placing income-focused stocks in focus as the new year begins. Turners Automotive Group, Scales Corporation and Tower Limited have each declared interim or final dividends, supported by recent financial results and updated guidance.

Turners Automotive

Turners Automotive Group (NZX:TRA) has declared an interim dividend of 8.0 cents per share, fully imputed, with payment scheduled for 29 January 2026. The stock will trade ex-dividend on 9 January 2026.

The dividend follows a record first-half performance for FY26. For the six months, Turners reported revenue of $219.0m, up 5% year-on-year, while EBIT increased 10% to $34.1m. Net profit after tax reached $21.9m, an increase of 13%, with earnings per share of 24.2 cents.

Turners has indicated that, subject to full-year outcomes, NPBT of around $60m could support a full-year dividend of at least 32 cents per share, compared with 29 cents in the prior year.

Scales Corporation

Scales Corporation Limited (NZX:SCL) has declared an interim dividend of 12.5 cents per share for FY25, partially imputed at 50%. The dividend will be paid on 23 January 2026, with the stock trading ex-dividend on 12 January 2026.

The declaration follows reaffirmed earnings guidance for the year ended 31 December 2025, with underlying net profit after tax attributable to shareholders expected to be between $54.0m and $59.0m.

For FY26, Scales has provided underlying NPAT guidance of $50.0m to $55.0m, with underlying EBITDA expected in the range of $129.0m to $136.0m. Group revenue for FY26 is forecast to exceed $1bn, reflecting a full-year contribution from recent acquisitions.

Tower

Tower Limited (NZX:TWR) has declared a fully imputed final dividend of 16.5 cents per share, payable on 29 January 2026. The stock will trade ex-dividend on 14 January 2026.

The final dividend brings Tower’s total dividend for FY25 to 24.5 cents per share. The payment follows a record underlying NPAT of $107.2m for the year ended 30 September 2025, while reported profit was $83.7m.

Tower recorded gross written premium of $600m, up 2%, alongside customer growth of 4% to 318,000. For FY26, Tower has guided to underlying NPAT of between $55m and $65m, assuming full utilisation of its updated large events allowance.

January Dividend Timetable Snapshot

  • Turners Automotive (TRA): 8.0c interim dividend, ex-dividend 9 January 2026, payable 29 January 2026
  • Scales Corporation (SCL): 12.5c interim dividend, ex-dividend 12 January 2026, payable 23 January 2026

Tower Limited (TWR): 16.5c final dividend, ex-dividend 14 January 2026, payable 29 January 2026