10 best dividend stocks listed on NZX that can be considered in 2022

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10 best dividend stocks listed on NZX that can be considered in 2022

 10 best dividend stocks listed on NZX that can be considered in 2022
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Highlights

  • Dividend stocks can be a safer option for investors who are looking to generate income or build wealth by reinvesting dividend payments.
  • Good dividend-paying companies have a consistent track record of paying dividends and have good dividend yields.
  • Here is a list of 10 NZX-listed stocks that have a dividend yield of over 6%.

Dividend stocks can be a go-to option for investors looking to generate yield amid a volatile stock market. Dividend stocks can help investors who are looking to produce an income stream or create wealth by reinvesting dividend payments.

The RBNZ has raised the OCR to 1.5% and is expected to lift rates further in coming months. However, the NZX has many dividend stocks with a high dividend yield.

On this note, let’s skim through 10 NZX dividend stocks with over 6% dividend yields.

  1. Warehouse Group Limited(NZX:WHS)

Leading retailer Warehouse Group has a market cap of $1.19 billion and has a dividend yield of 11.1%.

The Group paid an interim dividend of 10cps on 28 April with imputation credits of 3.88cps. WHS’ total group sales were down 2.5% in Q3 FY22 compared to the same quarter in FY21. However, YTD online sales were up 50.2% on YTD in FY21.

  1. Genesis Energy Limited (NZX:GNEASX:GNE)

NZ-based electricity generator and retailer Genesis has a market cap of $2.83 billion and has a dividend yield of 8.6%.

DO READ: GNE, CEN, MEL: Focus on energy stocks amid emissions reduction plan

GNE paid an interim dividend of 8.7cps on 1 April 2022. The Group continued to deliver improvements in customer loyalty in Q3 FY22 and its carbon emissions were down 63% on the prior year.

  1. Australia and New Zealand Banking Group Limited (NZX:ANZASX:ANZ)

Australian multinational financial services firm ANZ has a market cap of $79.35 billion and has a dividend yield of 8%.

ALSO READ: WBC, ANZ: Banking stocks grab attention as rate hike talks intensify

ANZ made a total dividend payment of 142cps in FY21 and plans to pay an interim dividend of 72cps on 1 July 2022. The dividend has imputation credits attached of 9cps.

ANZ registered solid results for the 6 months ended 31 March 2022, reporting an 18% rise on pcp in statutory NPAT.

   4. Heartland Group Holdings Limited (NZX:HGHASX:HGH)

NZ-based financial group Heartland has a market cap of $79.35 billion and has a dividend yield of 7.8%.

Heartland paid an interim dividend of 5.5cps for H1 2022 on 16 March, up 1.5cps from H1 2021.

The bank’s subsidiary, Heartland Australia, completed an unsecured bond issuance of AU$115 million, set up with the help of Westpac Institutional Bank. HGH and Heartland banks have a rating of BBB each and Heartland Australia Group has a rating of BBB-.

Image Source: © 2021 Kalkine Media®

  1. Spark New Zealand Limited (NZX:SPKASX:SPK)

Leading telecom giant Spark has a market cap of $9.02 billion and has a dividend yield of 7.2%.

Spark made a dividend payment of 12.5cps in April 2022. The Group posted a 5.2% rise in revenue and a 7.6% increase in EBITDA on pcp in half-year results.

 

  1. Fletcher Building Limited (NZX:FBUASX:FBU)

Engaged in the construction and infrastructure space, Fletcher has a market cap of $4.58 billion and has a dividend yield of 7.2%.

Fletcher paid a 2022 interim dividend of 18cps on 7 April 2022. FBU reported a 2% rise in NPAT to $4.06 billion and expects EBIT before significant items to be nearly $332 million for FY22.

  1. Westpac Banking Corporation Limited (NZX:WBCASX:WBC)

Financial services provider Westpac has a market cap of $94.91 billion and has a dividend yield of 7.1%.

ALSO READ: PFI, WBC, KMD: 3 dividend stocks to watch out for in coming weeks

Westpac is due to make a 2022 interim dividend payment of 61cps on 24 June with stockholders electing to get their dividend payments in the NZD to get payments on 27 June 2022. The bank released independent reviewer reports on its plan to improve risk governance on Tuesday.

Source: © 2022 Kalkine Media®

  1. Kiwi Property Group Limited (NZX:KPG)

One of the prominent property investment firms across NZ, Kiwi Property Group, has a market cap of $1.57 billion and has a dividend yield of 7%.

DO READ: From KPG to PFI: 5 NZX dividend-paying REITs to watch out for

KPG increased its dividend guidance for FY22, with the firm anticipating paying a full-year dividend of 5.6cps, up 5.7% from the previous guidance of 5.3cps. The increased guidance comes on the back of a robust performance through the coronavirus pandemic in FY22.

  1. NZX Limited (NZX:NZX)

NZX has a market cap of $0.41 billion and has a dividend yield of 6.6%.

NZX successfully continued the step-change in 2021 with what was seen in 2020 markets. It plans to continue pursuing the NZX 2 strategy going ahead.

It also revealed that James Miller would be stepping down from the position of Chairman at the ASM 2023. The Board has announced the guidance to be between $33.5 million and $38 million for 2022.

  1. Manawa Energy (NZX:MNW)

NZ-based power generator Manawa Energy, earlier Trustpower, has a market cap of $2.2 billion and has a dividend yield of 6.5%.

MNW declared a final dividend of 16cps and a one-off special dividend of 35cps. It paid an interim dividend of 17cps in December 2021, taking the total dividend to 33cps for FY22. Dividend payments will be made on 17 June 2022.

The Group delivered strong results in FY22, posting a $30.7 million rise in NPAT to $119.8 million and a $200 million rise in operating earnings to $204.2 million. MNW expects FY23 EBITDA to be between $140 million and $160 million.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

 

Dividend stocks can be a go-to option for investors looking to generate yield amid a volatile stock market. Dividend stocks can help investors who are looking to produce an income stream or create wealth by reinvesting dividend payments.

The RBNZ has raised the OCR to 1.5% and is expected to lift rates further in coming months. However, the NZX has many dividend stocks with a high dividend yield.

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