At a glance

  • At $0.67 on 24 September 2026, Nine carries a trailing Dividend Yield of 11.19%, based on 7.5c of unfranked dividends with ex-dates in the past 12 months.
  • The final dividend of 3.0c was lower than the interim of 4.5c.
  • Net Debt rose to $658m, according to ts2.tech, while TV and print Advertising remained .
  • A 49c Domain Special Dividend went ex on 11 September 2025, just outside the 12-month window, so it is not in the 11.19% figure.

What does Nine actually own?

Nine Entertainment is among Australia's best-known media groups. Its Assets span free-to-air television through the Nine Network, streaming via 9Now and Stan, and mastheads including The Sydney Morning Herald, The Age and The Australian Financial Review.

That spread is both a strength and a weakness. Stan and 9Now give Nine exposure to how audiences increasingly watch content, but much of the Business still relies on traditional TV and print advertising, markets that are cyclical and under structural pressure as advertisers shift spending to digital platforms.

Nine remains in the S&P/ASX 200. It was removed from the S&P/ASX 100 in June 2024, and there has been no removal from the S&P/ASX 200 since.

Which dividends make up the 11.19% yield?

Interim dividend: 4.5c per share, unfranked, ex-dividend 9 March 2026, paid 23 April 2026.

Final dividend: 3.0c per share, unfranked, ex-dividend 10 September 2026, to be paid 22 October 2026.

Together that is 7.5c. Divide 7.5c by the 67c share price and you get 11.19%.

Note the timing of the final. The shares went ex-dividend on 10 September 2026, so anyone buying at $0.67 today will not receive that 3.0c when it is paid on 22 October 2026. The trailing yield describes what past holders were entitled to, not what a new buyer will collect.

Both dividends were unfranked, so there is no franking Credit boost. The 11.19% is the full story for Australian investors; there is no higher grossed-up figure.

What about the 49c Domain special?

Some investors may remember a much bigger payment. Nine paid a 49c special dividend linked to Domain, which went ex on 11 September 2025.

That date falls just outside the 12 months to 24 September 2026, so the Domain special is not counted in the 11.19% yield. That is the right treatment: it was a non-recurring return tied to Domain, not part of Nine's ongoing dividend.

If you see a Nine yield far above 11.19%, check whether that 49c special has been swept in.

How did a 42.49% fall create an 11.19% yield?

Yield is dividends divided by price. When the price falls much faster than the dividend, the yield climbs, and that is exactly what happened at Nine.

The drivers of the sell-off are familiar for traditional media. TV and print advertising has been , squeezing the parts of the business that have historically generated much of Nine's earnings. At the same time, ts2.tech reports that net debt rose to $658m. Rising debt at a time of soft Revenue narrows a company's room to manoeuvre, and investors often mark down a share price well before any dividend cut is formally announced.

So the 11.19% is less a reward than a warning sign: it reflects the market's doubts about whether earnings, and therefore dividends, can hold at recent levels.

What could change for Nine shareholders?

Further dividend cuts: the final of 3.0c was already lower than the interim of 4.5c. If advertising stays , future dividends could be lower again, pulling the yield down even if the price holds.

Debt: with net debt at $658m per ts2.tech, the board may prioritise the Balance Sheet over Shareholder payouts.

Advertising cycle: an advertising recovery could support earnings, and the share price. A deeper downturn would add pressure.

Timing: new buyers at $0.67 are not entitled to the 3.0c final already declared.

No franking: unfranked dividends offer no franking credit benefit.