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Highlights
- Investors are keen on getting dividend income.
- Scott Technology will pay a dividend of 4cps on 22 November 2021.
- Precinct Properties will pay 1.675cps as the Q1 FY22 dividend on 10 December.
Dividend stocks are those companies that are well-established, possess a competitive advantage and are a leading player in the market. The income that comes from dividends is keenly awaited by investors.
One big advantage that dividend investors get is that they receive progressively increasing payoffs for holding their investments.
Let’s have a look at 3 dividend stocks trading under NZ$5.
Image source: © 2021 Kalkine Media, Data source- EODHD/Others
Scott Technology Limited (NZX:SCT)
Smart automation systems and robotic solutions provider, Scott technology, inked a $20-million deal in October to provide an automation solution for a large multinational appliance manufacturer located in the United States. A high-quality production line will be developed as a part of the project.
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Scott declared a 4cps dividend, due to be paid on 22 November 2021.
Accordant Group Limited (NZX:AGL)
Accordant Group, New Zealand's largest recruiting and employment firm, reported robust demand and activity for the six months ended 30 September 2021.
ALSO READ: Are these NZX dividend payers going ex in November?
For the fiscal year ending 31 March 2022, the Group issued an interim dividend of 6.5cps. The dividend will be declared on 18 November and paid to qualified stockholders on 1 December.
Precinct Properties New Zealand Limited (NZX:PCT)
NZ-based REIT Precinct Properties achieved strong results in FY21, demonstrating investor confidence and the Group's portfolio resilience despite the COVID-19 pandemic.
PCT also accomplished a number of capital management projects, including its first green bond, a $250-million equity offering, and the sale of the remaining 50% of Auckland's ANZ Centre.
RELATED ARTICLE: How are 5 NZX REIT stocks faring amid Government’s housing boost?
PCT will pay a dividend of 1.675cps for the first quarter of FY22, due to be paid on 10 December 2021. The Group expects to pay 6.7cps for the 2022 financial year.
Bottom Line
Investing in carefully assessed dividend stocks can give good wealth in the long term.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)