- Investors are attracted towards dividend stocks as they can provide with regular income even amid uncertain times.
- Dividends can be a major source of market returns for a longer term and help in safer future.
- Here is a list of 10 ASX dividend stocks that can be considered by New Zealand investors.
Dividend stocks pay out a part of the company's earnings on a frequent basis to shareholders.
While many dividend stocks pay a predetermined amount each quarter, the best ones raise their payouts over the time, allowing investors to construct an annuity-like income flow.
Investing in dividend stocks may be a good way for investors to generate income or grow their capital by reinvesting dividend payments. Good dividend investors generally follow either a high-dividend yield strategy or a high-dividend growth rate strategy depending on their respective goals.
Let’s have a look at these 10 ASX dividend stocks that can be considered by NZ investors.
Kathmandu Holdings witnesses a 12.9% rise in its sales to NZ$410.7 million in H1 FY20 due to an outstanding result from Rip Curl sales.
The Group paid an interim dividend (fully franked for Australia-based shareholders, and not imputed for NZ shareholders) of 2cps on 4 June 2021.
On 19 July, KMD ended the trading session at NZ$1.44, down 1.37% from its previous close.
Contact Energy, a sustainable energy generator and retailer, made mass market electricity and gas sales of 422GWh in June 2021 from the previous 447 GWh.
On 30 March 2021, Contact paid an interim dividend of 14cps.
On 19 July, CEN ended the trading session at NZ$8.17, down 2.16% from its previous close.
Spark is a telecom giant based in NZ. With an EBITDA of NZ$502 million in H1FY21, the company maintained its continued growth and saw a 3.9% increase in mobile data sales.
On 9 April, the company paid a 12.5cps interim dividend. It also raised its dividend projection to 25 cps at the high end of the range.
On 19 July, SPK ended the trading session at NZ$4.8, up 0.21% from its previous close.
Fisher & Paykel, a medical products and systems supplier, witnessed an extraordinary FY21 ended 31 March 2021. The Group reported 82% growth in NPAT to NZ$524.2 million and 56% growth in operating revenue to NZ$1.97 billion for the period, driven by increased sales of hospital products.
The Group paid a final dividend of 22cps on 7 July, up 42% on the final dividend of previous year. FPH paid a total dividend of 38cps for the year.
On 19 July, FPH ended the trading session at NZ$30.88, up 1.41% from its previous close.
ANZ, a banking and financial services business, reported an exceptional NPAT of NZ$930 million for H1 ended 31 March 2021, underpinned by a strong home-lending market.
On 1 July, the Company paid a 70 cps interim dividend to its stockholders.
On 19 July, ANZ ended the trading session at NZ$28.6, down 1.45% from its previous close.
Chorus Limited, a telecom infrastructure firm, recently released its Q4 connections update.
It declared that the total fixed-line connections dropped by 16,000 to 1.34 million while fibre broadband connections rose by 29K during the period.
Chorus paid an interim dividend of 10.5cps on 13 April 2021. It expects EBIDTA to be in the range of NZ$640-NZ$660 million for FY21.
On 19 July, CNU ended the trading session at NZ$6.185, down 1.83% from its previous close.
Fletcher Building Limited (NZX:FBU, ASX:FBU)
Fletcher Building, a leading supplier of building products and solutions, reported strong FY21 results showing consistent performance and growth. The Group posted a 47% rise in EBIT to NZ$323 million and strong cashflows from operating activities.
FBU paid an interim dividend of 12cps on 24 March 2021. It expects its EBIT to be between NZ$650 million and NZ$665 million for FY21.
On 19 July, FBU ended the trading session at NZ$7.16, down 1.78% from its previous close.
Westpac, Australia's oldest financial services provider, reported a statutory net profit of NZ$3,443 million in the first half of FY21, helped by improved asset quality and improved economic outlook.
WBC paid its investors an interim dividend of 58 cps on 25 June.
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WBC also announced that Sharon Finch has been appointed as its Group General Counsel.
On 19 July, WBC ended the trading session at NZ$25.96, down 1.41% from its previous close.
Genesis Energy, an NZ-owned energy company, declared that its all 31 turbines at Waipipi wind farm were now functional with the firm being able to get customer support in the retail segment.
GNE also reported that its Kupe strategic review is continuing as planned. It paid a dividend of NZ$0.086 per share on 1 April 2021.
On 19 July, GNE ended the trading session flat at NZ$3.46.
Tower Limited, a general and life insurance company, made a profit of NZ$12 million for the half year ended 31 March 2021, fuelled by growth and a systematic drop in managerial costs.
On 9 July, TWR also declared that its chief financial officer Jeff Wright has provided his resignation and will leave the firm on 31 December 2021.
TWR paid a dividend of 2.5 cps to its stockholders on 14 July.
On 19 July, TWR ended the trading session at NZ$0.71, down 3.4% from its previous close.