On June 4, 2020, S&P/NZX50 ended the session in green as the index witnessed a rise of 0.94% to 11,223 while, on the same day, S&P/NZX20 rose by 0.94% to 7,534. Also, S&P/NZX10 encountered an increase of 0.85% to 11,641.
S&P/NZX All Financials encountered an increase of 2.89% while S&P/NZX All Information Technology fell by 1.98%.
On June 4, 2020, the stock of Enprise Group Limited (NZX: ENS) witnessed an increase of 9.68% on an intraday basis to NZ$0.680 per share. On the other hand, the stock price of QEX Logistics Limited (NZX: QEX) witnessed a fall of 10.29% to NZ$0.610 per share.
POT Makes An Announcement of New Corporate Services Manager
Port of Tauranga Limited (NZX: POT) has made an announcement about the appointment of Melanie Dyer as its new Corporate Services Manager. POT added that Melanie would be replacing recently retired Sara Lunam and she would be joining Port of Tauranga later this year.
Notably, Melanie Dyer is presently the General Manager People and Culture for Trustpower Limited.
A Look At Recent Update By VGL
Vista Group International Limited (NZX: VGL) has recently provided an update on the impacts of coronavirus pandemic on its businesses and steps which are being taken to address the impacts. The company added that majority of its global workforce has been working from home. However, small number of employees have returned to work at NZ head office, and the focus is on ensuring operation in accordance with the requirements of Level 2.
The impact of COVID-19 pandemic is being felt on the film industry globally. Cinemas in several countries are presently closed and those which are able to open are generally subject to new mandated operating requirements, which includes capacity restrictions and social distancing.
VGL has wrapped up NZD$65 Mn capital raise. The company witnessed robust support from the existing institutional as well as retail shareholders. The company’s Directors have voluntarily reduced their remuneration by 30%. VGL has also cancelled 2019 final dividend and the company has terminated the agreement to acquire a further 14.5% stake in Vista China.
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.