About Incitec Pivot Limited (INCZY) — Dividend Analysis 2026
Incitec Pivot Limited manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, Canada, Turkey, France, and internationally. The company manufactures and distributes fertilizers, including di/mono-ammonium phosphate, ammonia, granulated ammonium sulphate, urea, and single super phosphate, as well as imports and sells fertilizers. It also manufactures and sells industrial explosives, such as ammonium nitrate and related products and services to the mining, quarrying, and construction industries; and manufactures, imports, and sells industrial chemicals to the agriculture and specialist industries. Incitec Pivot Limited was founded in 1831 and is headquartered in Southbank, Australia.
Is INCZY a good dividend investment in 2026?
INCZY offers a 4.50% forward yield with a 50% payout ratio. Strand Safety Score: 0/100 (Critical Risk). The 5-year dividend CAGR of 100% demonstrates strong, consistent growth that outpaces inflation.
INCZY DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your INCZY portfolio grows to $922.80M vs $952.4K without reinvestment. This is the compound interest effect in action.
INCZY dividend growth history & forecast
INCZY has grown its dividend by 0% over the last year and 100% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 4.50%.
Company generates negative FCF ($-89M) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
0 / 30 pts
0/30
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum-0.3B → +0.6B → +1.0B
0 / 30 pts
0/30
Company is reporting net losses — dividend sustainability is in question
OVERALL ASSESSMENT
High risk of dividend cut — weak fundamentals across multiple factors.
STRAND SCORE
0
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 INCZY Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold INCZY.
Gross yield
4.50%
Tax rate
15.00%
After-tax yield
3.82%
Real yield (−CPI)
1.02%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
4.50%
1.70%
$450 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.82%
1.02%
$383 / yr
🇺🇸 US Taxable (20%)
20%
3.60%
0.80%
$360 / yr
🇬🇧 UK ISA
0%
4.50%
1.70%
$450 / yr
🇬🇧 UK Taxable
8.75%
4.11%
1.31%
$411 / yr
🇨🇦 TFSA
0%
4.50%
1.70%
$450 / yr
🇨🇦 CA Taxable
25%
3.38%
0.58%
$338 / yr
🇦🇺 Super (pension)
15%
3.82%
1.02%
$383 / yr
🇦🇺 AU Taxable
30%
3.15%
0.35%
$315 / yr
🇩🇪 DE Taxable
26.375%
3.31%
0.51%
$331 / yr
🇫🇷 FR Taxable
30%
3.15%
0.35%
$315 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 INCZY Income Goal & Break-Even
Dividend Break-Even
5yr
Years for dividends to fully repay your INCZY investment of $1.42/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$405.48M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$405.48M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in INCZY for:
Shares needed
441,674
Capital required
$627,177
Monthly income
$2,000
Based on current dividend of $0.06/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 INCZY Dividend Payment Schedule
INCZY pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.14 / payment
$0.54 / year after tax
100 shares
$1.36 / payment
$5.43 / year after tax
1,000 shares
$13.58 / payment
$54.34 / year after tax
📊 INCZY vs S&P 500 Average Benchmarks
How INCZY compares to typical S&P 500 Average averages. (Sector "Basic Materials" not matched — using S&P 500 average)
Benchmark: S&P 500 Average
Dividend Yield▲+1.50% vs sectorBetter
INCZY
4.50%
avg
3.00%
5Y Dividend CAGR▲+94.50% vs sectorBetter
INCZY
100.00%
avg
5.50%
Payout Ratio▲-8.00% vs sectorBetter
INCZY
50.00%
avg
58.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for INCZY sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ INCZY Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the INCZY dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →