A Glance at 4 NZX Dividend Stocks With At Least 4% Yield

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A Glance at 4 NZX Dividend Stocks With At Least 4% Yield

 A Glance at 4 NZX Dividend Stocks With At Least 4% Yield

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Dividends reflect distribution of corporate profits based on the number of shares held in a company. Dividends offer certainty about the financial situation of a company. Subsequently, investors watch out for companies with high dividend payouts.

A dividend payout is often seen by investors as a reflection of a company's strength and a sign that the company's board has high hopes for potential profits, making the stock more appealing.

Image Source: Copyright © 2021 Kalkine Media Pty Ltd

Here’s a look at 4 NZX-listed dividend stocks that have at least 4% yield.

Precinct Properties New Zealand Limited (NZX:PCT)

Precinct Properties had a good performance in the interim results.

The Group revealed that it had agreed to pay $215 million to its manager, AMP Haumi Management Limited, to buy out the management contract. The deal is expected to result in annual cost savings of $14.6 million.

It also gave a dividend guidance of 6.5cps for FY21, an increase of 3.2% over the previous year.

On 15 April, at the time of writing, PCT was trading at $1.645, down 0.3%.

ALSO READ: How Would 4 NZX Dividend Stocks Help Towards A Better Retirement?

Investore Property Limited (NZX:IPL)

Investore Property recently declared an expected gross valuation rise for its property portfolio of $57.5 million, for the 6 months ended 31 March 2021.

IPL’s portfolio is likely to have a total value of $1.038 billion as at 31 March 2021, with a loan to value (LTV) ratio of 26.8%. 

IPL paid a cash dividend of 1.9cps in March 2021 for Q3 of FY21. The IPL Board has confirmed an annual dividend guidance of 7.6cps for FY21.

On 15 April, at the time of writing, IPL was trading flat at $2.17.

Source: Copyright © 2021 Kalkine Media Pty Ltd

Vector Limited (NZX:VCT) 

In its excellent half-yearly results ended 31 December 2020, Vector recorded NPAT of $102.1 million, up 26.8%. The Company's adjusted EBITDA increased by 3.5% to $273.8 million. It continues to invest in cutting-edge technology and facilities in order to increase the equity of its stockholders.

The Company retained an updated EBITDA outlook of $500 million to $520 million due to strong results for HY21.

VCT has declared an imputed interim dividend of 8.25 cps at a rate of 10.5%, paid on April 8, 2021.

On 15 April, at the time of writing, VCT was trading at $4.05, up 0.75%.

Argosy Property Limited (NZX:ARG)

Argosy has recently announced the unconditional sale of its industrial property at 1478 Omahu Road, Hastings, for $10.4 million. The settlement is likely to happen in September 2021. On 26 March, the Group resolved the purchase of its Mt Richmond Properties in Mt Wellington, Auckland, for $76 million.

DO READ: 4 NZX Dividend Stocks With Good Growth Prospects

The Group paid a cash dividend of 1.6125cps for Q3 ended 31 December 2021 in March 2021.

On 15 April, at the time of writing, ARG was trading at $1.505, down 0.33%.

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


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