New Zealand investment firm Clare Capital has analysed technology firms trading on the ASX and NZX in the past year, and has found just 10 companies contributed most of the dividends paid out to investors.
Investors in shareholder relations platform Computershare received 19% of the entire pool of dividends given out by Australian and New Zealand tech companies. Those holding stocks for job ad site Seek did well too, with 14.7%.
Those two firms plus the next eight biggest contributors ended up paying more than 85% of all the tech dividends. In total, local publicly listed tech companies handed out $NZ947 million ($880 million) of dividends to shareholders in the past year.
“Collectively, Computershare, Seek, REA Group and Carsales.com distributed greater than half a billion (NZ) dollars in dividends,” said Clare Capital director Ben Forster.
Only about one in five tech companies gave out any dividend at all.
“From the data set we use, 42% of global companies have a dividend, and 28% of Australian and NZ companies have dividend,” Forster told Business Insider.
“So yeah, 20% is a little on the low side. I would expect this is due to tech companies typically holding onto their cash to invest.”
Here is the full table:
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