5 NZX dividend-paying stocks that can be considered in October

Highlights

• Dividends are a great way of retaining valuable shareholders.
• PGG Wrightson offers 16.000cps dividend while Colonial Motors offered a huge 40.000c.
• Freightways offers a final dividend of 18.000c.

Dividends are a great form of stable income for any shareholder. Companies usually give out dividends to retain shareholders with this kind of stable incentive each year or between regular periods.

With COVID-19-related uncertainties faced since 2020, the dividend distribution has seen several upheavals.

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PGG Wrightson Limited (NZX:PGW)

The Company is one of the key agricultural product suppliers in the country.

It has recently declared a final dividend of 16.000c with an imputation 6.222c. The ex-dividend date for the dividend was 9 September 2021 and the payable date was 4 October 2021. 

Earlier, the Company had assigned regular dividends to stakeholders each year between 2019-2020. The Company had a gross dividend yield of 10.426% and a market capitalisation of NZ$27,77,81,400.

On 1 October 2021, the Company traded at NZ$ 3.680, down by 1.34%, at the time of writing.

Also read: Which are 5 NZX stocks with above-5% dividend yield?

Chorus Limited (NZX:CNU)

This company is known to be the largest provider of fixed line telecommunication networks in the country.

It has announced a final dividend of 14.500c at imputation 5.639c with the ex-dividend date being 13 September 2021 and the payable date for the dividend being 12 October 2021. The market capitalisation of the Company is NZ$3,10,23,53,000 and has a gross dividend yield of 53.13%.

On 1 October 2021, the Company was trading at NZ$6.600, up by 0.99% at the time of writing.

Freightways Limited (NZX:FRE)

The Company deals in providing business mail and packaging services besides information management services.

Recently, it has offered a final dividend of 18.000c at imputation 7.000c, with the ex-dividend date of 16 September 2021 and payable date for the same being 1 October 2021.

The Company has supplied regular dividends interim and final towards shareholders in the past. The gross dividend yield was recorded to be 3.672% while the market capitalisation was noted at NZ$2,07,75,03,000.

On 1 October 2021, the Company was trading at NZ$ 12.760, up by 0.71%, at the time of writing.

Read now: Which are the 5 dividend-paying penny stocks on NZX?

The Colonial Motor Company Limited (NZX:CMO)

The Company deals in motor vehicle dealerships in various locations in the country with the primary focus as Ford.

Recently, the company has offered a final dividend of 40.000c with an imputation of 15.556c, the ex-dividend date being 23 September 2021 while the payable date for the same is October 2021. The gross dividend yield recorded was 7.345%, while the market cap for the Company was NZ$33,18,50,500.

On 1 October 2021, the Company was trading at NZ$10.200, down by 1.92%, at the time of writing.

Read now: 5 NZX stocks with a healthy dividend yield

Delegat Group Limited (NZX:DGL)

A primary wine distributor in the country, the Delegat group is known for premium blends. The Company offered 20.000c as final dividend, with an imputation value of 7.778c, ex-dividend date being 23 September 2021, and the payable date of 8 October 2021.  The Company had a gross dividend yield of 1.929% and a market cap of NZ$1,44,81,84,000.

On 1 October 2021, the Company was trading at NZ$ 14.450, up by 0.35% at the time of writing.

Bottom Line

An investor can sort through some of the top dividend payers from recent times before making any decision regarding their portfolio.