- Blue-chip stocks are stocks of large-cap companies with a sound financial record of earnings and dividends.
- These stocks can be considered by investors looking for secure returns.
- ANZ, Fisher & Paykel, Meridian and EBOS are 4 dividend-paying blue-chip stocks.
Blue-chip stocks are stocks of well-known firms with a good history of healthy financial performance. These stocks have large market caps and generally cost high but offer consistent returns and have low risk attached to them.
These stocks can be considered by investors looking for secure returns and who do not want their investments to get affected by market volatility. Blue-chip companies pay stable and regular dividends and can be explored as a long-term option by investors.
Here are 4 NZX-listed dividend-paying blue-chip stocks that can be explored by Kiwi investors.
Source: © Cammeraydave | Megapixl.com
One of the leading banking stocks on the NZX, ANZ has a market cap of $68.67 billion.
It makes interim and final dividend payments for 2 times in a year, in July and in December, respectively. It announces the dividend amount when it releases its half-year as well as full-year findings.
ANZ will make an interim dividend payment of 72cps for 2022 on 1 July.
Shares of ANZ declined 1.64% on Thursday to close at $24.58.
EBOS Group (NZX:EBO)
Medical, healthcare, and pharma products marketer and distributor EBOS has a market cap of $7.28 billion.
It has pursued a policy of dividend declaration that represents between 60-80% of its NPAT. The Group paid an interim FY22 dividend of $0.47cps on 18 March, up 10.6% on pcp.
EBO notified during its half-year results that its dividend Reinvestment plan will not be operational for the interim dividend.
Shares of EBO declined 0.99% in trading on Thursday to close at $39.01.
Medical equipment producer Fisher & Paykel has a market cap of $11.53 billion.
FPH will pay a final dividend of 22.5cps on 6 July 2022, up 2% from 22cps in FY21.This will take the total dividend to 39.5cps for FY22, up 4% from 38cps in FY21.
The Company also announced that a profit-sharing payoff of $19 million will also be paid to the staff who have worked with FPH for a qualifying period.
Shares of FPH gained 0.5% on Thursday to close at $19.98.
NZ’s electricity supplier Meridian Energy has a market cap of $12.06 billion. Meridian splits its dividend payment into interim dividend (paid in April) and final dividend (paid in October).
MEL made an interim dividend payment of 5.85cps on 8 April 2022. The company also applied its Dividend Reinvestment Plan to the interim dividend at no discount to the average market price for the 5 days ended on 23 March 2022.
Shares of MEL declined 0.21% in trading on Thursday to close at $4.68.
Blue-chip stocks can be an attractive option for Kiwis who want secure returns over a long period of time. However, they must consider their income, risk appetite and financial objectives before making any investment.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)