I bet most people are a little perplexed by the movement in the stock.
The P/E that Yahoo is showing is wrong. It probably is closer to 11 times earnings. The dividend is for real as they have fairly good free cash flow, due to a lock on the NZ market. Some of the movement in the stock is probably due to reasonably large infrastructure investments that the company will have to make in short order.
There was a good Motley Fool article awhile back where one of the "Fools" interviewed the Chairperson and CEO of NZT. See if you can find it.
I received dividends in my account late on March 17 and there wasn't an indication that foreign tax was withheld. The dividends were listed in two separate payments. I think this is what blondette was alluding to in her posts. I sold my nzt on Feb. 22 (after the ex div. date) for a loss (the loss was small after factoring in all the dividends) and have thought of buying it back next Monday when the 31 days are up. Any thoughts out there as I see the stock continues to sell off. Thanks for any help.