Top 10 NZX Stocks by Dividend Yield
Kalkine’s dividend screener scans for top 10 NZX-listed Dividend Stocks in view of the below factors
(a) The stocks are deduced from the S&P/NZX 50 Index and are identified to be the NZX stocks with high dividend yields and decent fundamentals / financial performance over a period of time
(b) The list is an exemplary list and can include the following taking into account the associated criteria -
i. Stocks with market capitalisation across the range of Blue-chip, Mid-cap and Small-cap (above $200 million) categories
ii. Stocks with Annual Dividend yield over 3.5% (in general) with or without imputation
iii. Stocks having an impact from share price downfall given the explicit screening from dividend perspective
iv. Stocks with special forms of dividends declared by respective companies
Below is the list of TOP 10 NZX-LISTED DIVIDEND STOCKS with Yield over 3.5%
Dividend Yield Scan for NZX Stocks (as at close of May 16, 2022)
| S.No | Company Name | Code | Stock Price(NZ$) | Market Capitalization(NZ$) | Gross Dividend Yield(%) | Dividend Yield(%) | Franking(%) | PE(X) |
|---|---|---|---|---|---|---|---|---|
| 1 | Warehouse Group Ltd | WHS.NZ | 3.43 | 1.19B | 11.3 | 11.27 | 3.89 | 10.39 |
| 2 | Genesis Energy Ltd | GNE.NZ | 2.67 | 2.80B | 8.6 | 8.59 | 2.71 | 42.53 |
| 3 | Australia and New Zealand Banking Group Ltd | ANZ.NZ | 28.28 | 79.02B | 8.1 | 6.12 | 9 | 10.85 |
| 4 | Heartland Group Holdings Ltd | HGH.NZ | 2.23 | 1.32B | 7.8 | 7.75 | 2.14 | 14.53 |
| 5 | Fletcher Building Ltd | FBU.NZ | 6.01 | 4.71B | 7.3 | 7.31 | 7 | 13.6 |
| 6 | Spark New Zealand Ltd | SPK.NZ | 4.81 | 9.00B | 7.1 | 7.09 | 4.86 | 22.01 |
| 7 | Kiwi Property Group Ltd | KPG.NZ | 1 | 1.56B | 7 | 7.03 | 0.75 | 5.44 |
| 8 | Manawa Energy Ltd | MNW.NZ | 7.03 | 2.20B | 6.8 | 7.09 | 6.61 | 19.5 |
| 9 | NZX Ltd | NZX.NZ | 1.28 | 0.40B | 6.5 | 6.57 | 1.21 | 24.02 |
| 10 | Investore Property Ltd | IPL.NZ | 1.54 | 0.57B | 6 | 6.02 | 0.34 | 4.34 |