Meridian Energy Limited [ASX:MEZ] share price and news 2022

Company Description

Meridian Energy Limited (MEZ) generates electricity which comes from 100% renewable sources – wind, water and sun. Always will be. All the electricity that they supply to their customers comes from the electricity grid, which mixes electricity supplied from both renewable and non-renewable sources.

Meridian Energy Limited belongs to Utilities sector and under industry of Renewable Electricity. You can get more information about this company via their website: http://www.meridianenergy.co.nz.

This is a mid cap company with market cap of 6638 millions.

Compared to Market and Sector

The following table compares the company to Market and Sector based on Earning, Price/Earning ratio(P/E), Price/Book ratio (P/B) and PE growth.

Company PE is greater than both sector and market. while Company PB is greater than both sector and market. On the other hand, Company Earning is greater than both sector and market.

Earnings PE PB PE growth
Company 1.57 59.6 2.85 0
Market 0.85 22.3 1.99 0.84
Sector 0.98 36.8 2.25 7.94

Dividend Growth Chart

The following chart shows you how mez dividend grows in the recent years.Meridian Energy Limited has dividend yield of 3.10%