5 Hot NZX Dividend Stocks That Deserve Your Attention

Summary

  • Investore Property delivers remarkable FY21 results backed by significant valuation gains.
  • Underpinned by solid performances in both retail and generation, Trustpower reports a power-packed EBITDAF.
  • Precinct Properties New Zealand sees high demand for premium office spaces, thereby reporting a robust first-half result.

Dividend-paying stocks have always been favoured by investors. They not only provide passive income to many shareholders but also encourage them to reinvest the dividends, thereby accelerating returns.

With the earnings seasons, investors are brimming with confidence and are looking forward to their rewards.

Source: © Bialasiewicz | Megapixl.com

In the light of the given background, here’s a list of the 5 NZX stocks which are declaring dividends in the current month.

Investore Property Limited (NZX:IPL)

Investore Property Limited is an Investor of retail property assets. Its PAT for FY21 measured at NZ$161.3 million, mainly on accounts of net valuation gains. Moreover, its net rental income increased by NZ$7.7 million to NZ$55.8 million during the reporting period.

The Company has declared a final dividend of 1.9 cps payable on 2 June and has given a dividend guidance of 7.6 cps for FY22.  

On 3 June, at the time of writing, Investore Property was trading flat at NZ$2.090.

Must Read: New Zealand Predicts Slump In House Price Growth. 5 Related NZX stocks

Ryman Healthcare Limited (NZX:RYM)

Operating for more than 35 years, Ryman Healthcare Limited is one of the leading providers of retirement homes in New Zealand. Due to investment property revaluations, its IFRS profit saw a significant increase of 59.8%, amounting to NZ$423.1 million in FY21.

As the market recovers, the Company continues to witness new sales and resales.

On 18 June, RYM will distribute a final dividend of 13.6 cps.

On 3 June, at the time of writing, Ryman Healthcare was trading up by 2.07% at NZ$13.140.

Recommended Reading: Are These 6 Stocks Gaining Any Volume On NZX?

Kiwi Property Group Limited (NZX:KPG)

Another company in real estate business is Kiwi Property Group Limited. Underpinned by the enhanced value of its investment properties, KPG reported an NPAT of NZ$196.5 million for FY21.

With 31.2% as gearing, the Company maintained a strong balance sheet position all through the year.

KPG will pay 2.95 cps as the final dividend on 24 June.

On 3 June, at the time of writing, Kiwi Property Group was trading flat at NZ$1.22.

Must Read: Why These 4 NZX Stocks Are A Cut Above The Rest

Trustpower Limited (NZX:TPW)

New Zealand-based Trustpower Limited is one of the leading electricity generation and retailing companies operating across NZ.

Despite dry weather and low inflows, the Company reported a robust EBITDAF of NZ$154.1 million for FY2021. Its strong performance was backed by a balanced portfolio as well as a continuous focus on asset enhancement.

The Company will pay a special dividend of 1.5 cps along with a final dividend of 17.0 cps on 18 June.

On 3 June, at the time of writing, Trustpower was trading up by 0.23% at NZ$8.680.

Also Read: 5 Interesting NZX Dividend Stocks with at least 4% Yield

Precinct Properties New Zealand Limited (NZX:PCT)

Another property giant specialising in premium commercial office space is Precinct Properties New Zealand Limited. Despite the challenges imposed by the coronavirus pandemic, the Company continues to witness increased demands for high-quality office spaces.

For 1H21, the Company delivered a robust income after tax of NZ$167.9 million, up 213% on 1H20. Moreover, its AFFO saw a 7.4% uplift y-o-y to 3.34 cps in the said period.

It has announced a Q3 dividend of 1.62 cps payable on 11 June.

On 3 June, at the time of writing, Precinct Properties was trading up by 0.31% at NZ$1.605.

A Quick Read: Will It Be An Action-Packed Week Ahead For NZX? 6 Interesting Stories To Catch Up With

Comment


Disclaimer

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK