Highlights

  • In 2022/23, Zespri supplied 183.5 million trays of kiwifruit to over 50 markets, generating NZ$4.22 billion in revenue
  • Zespri has renewed its commitment to sustainable innovation with a US$2 million investment in the Zespri Innovation Fund (ZAG)
  • Zespri shares are available for purchase only by New Zealand kiwifruit orchard landowners or lessees
  • Zespri offers a dividend payout of 70-90% of distributable profit, with a recent gross dividend yield of 15.89%

Zespri is fully owned by current and former kiwifruit growers, with a global workforce of 850 employees located in Mount Maunganui, as well as across Asia, Europe, and the Americas. In the 2022/23 period, the company successfully supplied 183.5 million trays of kiwifruit to over 50 markets worldwide, achieving a global operating revenue of NZ$4.22 billion.

In a recent announcement, Zespri reaffirmed its commitment to sustainable innovation by renewing its US$2 million investment in the Zespri Innovation Fund (ZAG). This move aims to accelerate sustainable practices to meet the growing demand for kiwifruit. Following the launch of ZAG in November 2023, Zespri is focused on collaborating with innovators and pioneers to enhance climate resilience across food systems, while promoting solutions that improve productivity and foster carbon-positive practices in kiwifruit production.

Buying Shares in Zespri: Requirements and Dividend Info

Zespri offers the opportunity to buy shares, but only to individuals who are current landowners or lessees of kiwifruit-producing orchards within New Zealand. Shares can be purchased or sold in two distinct ways. The first option is on-market, where shares are traded on the Unlisted Securities Exchange (USX) trading platform. The second option is off-market, where shares are transferred privately between two parties without the involvement of a share broker.

Zespri follows a dividend payout policy that allocates 70-90 percent of its yearly distributable profit to shareholders. These dividends are paid annually, with both a final dividend (based on the previous financial year) and an interim dividend (for the current year). However, it's important to note that dividend payments are not guaranteed, and the decision on whether, when, and how much will be paid is subject to approval by the Zespri board. As per USX, Zespri’s last 12 months gross dividend yield stands at 15.89%.