Source: LookerStudio, Shutterstock
With Good Friday nearby, investors are observing this holy week and keeping a tab on the companies that are declaring dividends to get a good return on their investments.
Dividends represent the financial stability of a company, plus provide sustainability to its shareholders. Its importance can never be under-estimated as they time and again prove to be a consistent source of return on investment.
Source: © Moth | Megapixl.com
Let us quickly have a look at 6 NZX stocks this Good Friday especially focusing on the ones paying a dividend in April and May 2021.
Meridian Energy Limited
Source: © Oorka | Megapixl.com
Meridian Energy Limited (NZX:MEL), in its operating update for February 2021, saw an increase of 11.6% in its retail sales as compared to February 2020. All the sectors experienced a jump in their sales volume, be it Res +1.2%, agricultural +8.6%, large business +17.8% etc. The Company’s monthly inflows for February 2021 were 54% of the historical average.
MEL announced an interim dividend of 5.70 cps for H1 FY21, payable on 16 April 2021.
On 31 March, at the time of writing, MEL was up by 1.31% at $5.415.
NZ Windfarms Limited
NZ Windfarms Limited (NZX:NWF) declared robust financial results for HY21.
The Company’s total revenue was noted at $6.9 million. Its EBITDAF and NPAT were $3.2 million and $0.32 million, respectively, which reflected effective capital management and cost controls by the Company. NWF boasted of impressive operating cashflows at $3.1 million for the six-months period ended 31 December 2020.
It maintains EBITDAF for FY21 to be between $5.7 million to $6.3 million. The Company’s Director, Phil Lennon, took retirement, and Christine Spring has joined the Board in March 2021.
NWF has offered an unimputed interim dividend of 0.15 cps to be distributed on 9 April 2021.
On 31 March, at the time of writing, NWF was trading flat at $0.205.
Vector Limited (NZX:VCT) noted NPAT of $102.1 million, up 26.8% in its impressive half-yearly results ended 31 December 2020. The Company saw a growth of 3.5% in its adjusted EBITDA, i.e. $273.8 million. It continues to invest in innovative technologies and infrastructure to enhance its shareholders’ value.
The Company maintains an adjusted EBITDA guidance in the range of $500 million to $520 million, owing to the strong results for HY21.
VCT has announced 10.5% imputed interim dividend of 8.25 cps payable on 8 April 2021.
On 31 March, at the time of writing, VCT was down by 0.74% at $4.010.
The Warehouse Group Limited
The Warehouse Group Limited (NZX:WHS) recorded $1,808.3 million as its Group sales. The Company saw witnessed a pleasing start for H1 FY21, with reported NPAT at $55.0 million, up 88.5%.
All its 4 brands (The Warehouse, Noel Leeming, Warehouse Stationery and Torpedo7) recorded high operating profits. It maintained a strong balance sheet with $183.6 million as cash in hand during the said period.
WHS offers an interim dividend of 13.0 cps payable on 22 April 2021.
On 31 March, at the time of writing, WHS was trading up by 0.26%, at $3.790.
Hallenstein Glasson Holdings Limited
Hallenstein Glasson Holdings Limited (NZX:HLG) recorded an impressive $181.98 million as its group sales for the half-year period 1 February 2021. Moreover, the Company’s NPAT noted an increase of 28.6% on pcp, i.e. $19.84 million. Hallenstein’s balance sheet remains strong, with inventories well placed for the said period.
HLG declared a fully imputed interim dividend of 23 cps to be paid on 16 April 2021.
On 31 March, at the time of writing, HLG was trading down by 0.13% at $7.460.
CDL Investments New Zealand Limited
CDL Investments New Zealand Limited (NZX:CDL) announced PAT of $30 .1 million in its 2020’s annual report, even under the testing times of COVID 19.
The Company’s shareholders’ funds, as well as total assets, witnessed an increase at $257.1 million and $265.0 million, respectively. This can be attributed to the fact that CDL could trade even during lockdown periods and experienced an active demand throughout.
CDL offers a 100% imputed dividend at 3.5cps payable on 14 May 2021.
On 31 March, at the time of writing, CDL was trading flat at $1.085.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)