- Underpinned by a strong recovery in international equity markets, Marlin Global announced a robust operating profit.
- Owing to prudent cost controls, Accordant Group posted strong results.
- Backed by the recovery of its major portfolio stocks, Kingfish revealed a record performance.
As the impact of the coronavirus pandemic mitigates, economies around the world are recovering and buzzing with optimism. The companies have successfully navigated through the challenging times and are pleasing their shareholders with attractive dividends.
Amid the given backdrop, let us explore the 5 hot NZX-listed stocks offering dividends in June 2021.
Source: Copyright © 2021 Kalkine Media
Marlin Global Limited (NZX:MLN)
Marlin Global Limited, the NZ-based investment firm, will pay an interim dividend of 2.370 cps on 25 June. Owing to a strong recovery by international equity markets in the second half of 2020 and a solid resilience posted by Marlin's portfolio, the Company's adjusted NAV stood at 15.8% during the said period.
Moreover, it had posted an operating profit of NZ$25.8 million for 1H21 and it continues to deliver steady growth as the effect of the pandemic dampens.
The shares of Marlin Global at the time of writing on June 23 was down by 0.66% at NZ$1.5.
Accordant Group Limited (NZX:AGL)
Accordant Group Limited has announced a final dividend of 8.2 cps, which will be paid on 30 June 2021. Due to its prudent cost management approach and salary sacrifices made by its senior management, AGL posted an NPAT of NZ$6.2 million and a group revenue of NZ$205 million for the year ended 31 March 2021.
At the time of writing on 23 June, Accordant Group dipped by 4.52% at NZ$1.48.
Kingfish Limited (NZX:KFL)
Kingfish Limited, underpinned by the recovery of its key portfolio stocks, has declared a quarterly dividend of 3.60 cps to be distributed on 25 June. In its latest results, the company had posted an NPAT of NZ$142.7 million and it continues to invest in quality stocks, thereby enhancing the shareholders' value.
At the time of writing on June 23, Kingfish was down by 0.50% at NZ$2.010.
Infratil Limited (NZX:IFT)
The infrastructure company, Infratil Limited, rewarded its shareholders by distributing 11.50 cps as the final dividend payment on 22 June. Bolstered by continuous demand for high-quality data centre facilities and proficient cost control, the Company’s proportionate EBITDAF rose by 7.7% at NZ$398.8 million, for the year ended 31 March 2021.
Moreover, IFT has provided a proportionate EBITDAF guidance between NZ$470 million and NZ$520 million for the year ended 31 March 2022.
At the time of writing on June 23, Infratil climbed up 0.73% at NZ$7.635.
Barramundi Limited (NZX:BRM)
Another investment-focused company is Barramundi Limited, which invests in growing Aussie companies. It has announced it would pay 1.630 cps as an interim dividend on June 25. Due to the outperformance by the Company’s portfolio in the first half of the financial year 2021, Barramundi disclosed a solid net operating profit of NZ$31.6 million and a total shareholders’ return of 52.8% during the said period.
At the time of writing on June 23, the shares of Barramundi were trading flat at NZ$1.9.