Tower Share Price and Company Fundamentals

0.005 (0.763%)
52 week
0.495 - 0.83

Last traded: Today at 2:52 AM

Tower Limited provides general insurance products in New Zealand and the Pacific Islands. Its insurance products include car, contents, renters', house, landlord, business, travel, boat, motorbike, lifestyle block and farm, motorhome, and caravan or trailer insurance. The company was founded in 1869 and is based in Auckland, New Zealand.

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Company profile

Primary activitiesInsurance
Industry / SectorInsurance—Diversified / Financial Services
Mailing addressTower Centre 45 Queen Street PO Box 90347 Auckland 1142 New Zealand
Phone / Fax64 9 369 2000 /


More: Tower Dividend history, yield and payout ratio

Dividend yield


Dividend amount


Payout ratio


Tower paid $0.03 dividend and the ex-dividend date was 29 June 2021.The dividend payout ratio is 0.00%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.TWR dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

TWR's forward dividend amount is $0.02 and the forward dividend yield is 3.01%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2021, following are the company executives and directors listed on Tower.

NameTitleAgeTotal Pay
Mr. Blair McLaren TurnbullChief Exec. Officer474.65k
Mr. Jeffrey WrightChief Financial Officer
Mr. Richard McIntoshChief Risk & Legal Officer
Nicholas MeseldzijaHead of Corp. Affairs & Reputation
Ms. Michelle McBrideChief People Officer
Ms. Michelle JamesManaging Director of Direct
Mr. Peter MugglestonChief Digital & Data Officer
Mr. Ron MudaliarChief Underwriting Officer
Ms. Paula Ter BrakeManaging Director of Pacific
Mr. Jonathan BealeManaging Director of Partnerships

Profitability and management effectiveness

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Return on equity


Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Tower is 278.29M and its enterprise value is 201.25M. The enterprise value to revenue ratio of TWR is 0.61.

The TWR's stocks Beta value is 0.39 making it 61% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Companies similar to Tower (TWR)

Tower (ASX:TWR) Frequently Asked Questions

1. What is Tower's Stock Symbol?

Tower trades on ASX under the ticker symbol "TWR".

2. What is Tower's stock price today?

One share of TWR stock can currently be purchased for approximately $0.66.

3. How can I contact Tower?

Tower's mailing address is Tower Centre 45 Queen Street PO Box 90347 Auckland 1142 New Zealand. The company can be reached via phone at 64 9 369 2000.

4. What is Tower's official website?

The official website of Tower is

5. Which share registry manages Tower's stock?