On August 7, 2020, S&P/NZX50 ended the session in red as there was a fall of 1.00% to 11,647 while S&P/NZX20 witnessed a fall of 1.14% to 7,781. On the same day, S&P/NZX10 has encountered a fall of 1.55% to 12,319.
S&P/NZX All Energy ended the session in red as there was a decline of 1.98% while S&P/NZX All Information Technology witnessed a rise of 1.20%. We will now have a look at the performance of some individual stocks.
On August 7, 2020, the share price of TruScreen Limited (NZX: TRU) witnessed a rise of 2.50% on an intraday basis to NZ$0.082 per share. On the same day, the stock of Pushpay Holdings Ltd (NZX: PPH) rose by 2.56% on an intraday basis to NZ$8.000 per share.
The following image provides a broad overview as to how the share price of PPH has trended in the span of past one year:
Stock Performance (Source: NZX)
JLG Ended the Session in Green
Just Life Group Limited (NZX: JLG) came forward and made an announcement about unaudited year-end earnings results for the year to June 30, 2020. The company’s operating revenue stood at ~$30.2 million as compared to $33.5 million in 2019 while its underlying EBITDA amounted to around $6.4 million and in 2019 it was $6.1 million. JLG’s profit before income tax amounted to ~$3.9 Mn as compared to $2.6 Mn in 2019.
On August 7, 2020, the stock price of JLG rose by 10.13% on an intraday basis to NZ$0.435 per share.
A Recent Announcement By Geneva Finance Limited
Geneva Finance Limited (NZX: GFL) has made an announcement about appointment of Daran Nair to the position of Non-Executive Director. This became effective on 3rd August 2020.
Over the past few years, Daran has been helping clients in several complex commercial matters. Notably, Daran is holding multiple other directorships. Daran would be standing for the election by shareholders at Annual Shareholder Meeting in the month of September. As per the release, the Board has determined that Daran is an independent director.
It has been announced that Robin King has been elected to take over the position of Chairman.
The sole motive of an investor is to grow his/her capital over a period to meet financial goals. In pursuit of this, investors are in a constant hunt for stocks that have capital appreciation potential and those that pay dividends, which one can reinvest to further increase the rate of return. Dividends can also be seen as an incentive for an investor to hold the stock for a longer duration of time, especially when the overall market enters a bear phase, or the underlying invested company goes through business troughs and peaks.
Stocks that have high dividend yield are considered to be a safe bet, but to take a blanket call just on dividend yield would be naive, as there is more to be analyzed to make a sound judgment on the ability of the business to keep paying a dividend over long periods.
Companies over time, increase dividend payout, and in the long term, an astute investor can reap high rewards by picking good dividend stocks, across sectors, thus diversifying and reducing the volatility of one’s portfolio. Investors in New Zealand can reap the benefit of dividend imputation credit and further increase their overall return on investment.
So, how should one pick a dividend stock? How to invest in stocks that have the wherewithal to not only pay a dividend but also increase dividend payout over the years?
With Kalkine, you will find answers to these questions, as we conduct a detailed analysis of companies based on quantitative and qualitative parameters.
Sound dividend stocks are investors' delight. They provide the benefits of capital appreciation and the joy of constant income despite the market volatility.