Are these 10 NZX dividend stocks worth exploring in March?

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Are these 10 NZX dividend stocks worth exploring in March?

 Are these 10 NZX dividend stocks worth exploring in March?
Image source: Olivier Le Moal, Shutterstock.com

Highlights

  • A number of NZ companies have declared their dividends in March.
  • Some of them are also the best dividend-paying companies.
  • Let’s see how these have traded of late.

March is a good month for dividend announcements. Many NZX-listed companies have their dividend record and payment dates this month. Let’s look at how some of these companies have rewarded their shareholders and whether they can prove to be a sustainable source of income for their investors.

dividends, march, EBOS, GMT, SKL and JPG,

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Goodman Property Limited (NZX:GMT)

GMT announced an interim dividend of 1.627cps with a record date today. The dividend will be paid on 17 March. Imputation credits are 0.252cps. The Company has a consistent dividend-paying history and rewarded its shareholders with a dividend on 1 December as well. Its gross dividend yield works out to be a 2.66%.

On 2 March, the stock was trading down by 0.79% at NZ$2.37, at the time of writing.

Argosy Property Limited (NZX:ARG)

ARG announced its Q3 cash dividend of 1.637 cps today. The record date for the dividend is 16 March and the payment will be 30 March. Imputation credits attached to the dividend will be to the tune of 0.11cps.

The company also has a Dividend Reinvestment Plan (DRP), which remains open to the shareholders. Those shareholders who wish to participate in the DRP on 30 March can notify the registrar of the Company by 17 March before 5 PM.

Also Read: Which are 5 NZX REIT stocks to look at this year?

On 2 March, the stock was down by 0.71% at NZ$1.40, at the time of writing.

EBOS Group Limited (NZX:EBO)

EBOS health and animal care company declared an interim dividend of 47.000 cps. It has 4.569 cps worth of imputation credits attached to it. The record date is 3 March and the dividend will be paid on 18 March. The gross dividend yield is 2.48% and the Company has been rewarding its shareholders with 2 dividends each year.

Also Read: IPL and GMT: 2 dividend stocks to watch out for in February

On 2 March, the stock was trading down by 0.50% at NZ$39.58, at the time of writing.

Skellerup Holdings Limited (NZX:SKL)

SKL announced an interim dividend of 7.500cps for its shareholders. The ex-dividend date is 3 March and the payment date is 17 March. Imputation credits attached to the dividend are 1.458cps. SKL has a consistent history of dividend payment and the yield for the year works out to be 3.56%.

Also Read: Which are 5 NZX dividend stocks to explore in 2022?

Also Read: 5 NZX-listed stocks with attractive dividend yields

On 2 March, the stock was trading down by 0.68% at NZ$5.81, at the time of writing.

JPMorgan Global Growth & Income plc  (NZX:JPG)

JPG rewarded its shareholders with an interim dividend of 4.240cps. There are no imputation credits attached to it. The ex-dividend date is 3 March and the payment date is 8 April. JPG has been rewarding its shareholders with four dividends a year, and its gross dividend yield works out to be 3.34%.

On 2 March, the stock was down by 2.87% at NZ$8.81, at the time of writing.

Barramundi Limited (NZX:BRM)

BRM announced its interim dividend of 1.680 cps with the ex-dividend date of 9 March. Imputation credits attached to the dividend are 0.01 cps and the payment date has been fixed as 25 March. BRM is a finance company that has been rewarding its shareholders with consistent dividends.

Also Read: NWF, APL, BRM, JLG: 4 NZX penny stocks that also pay dividends

On 2 March, the stock was down by 1.16% at NZ$0.850, at the time of writing.

Vital Healthcare Property Trust (NZX:VHP)

VHP declared an interim dividend of 2.375 cps with imputation credits of 0.097. The record date for the dividend is 9 March 2022 and the payment date is 24 March. The company has a consistent dividend-paying history and has been rewarding the shareholders with 4 dividends.

The gross dividend yield works out to be 3.43% for the year.

On 2 March, the stock was trading up by 1% at NZ$3.13, at the time of writing.

Summerset Group Holdings Limited (NZX:SUM)

SUM rewarded its shareholders with a final dividend of 8.600cps with nil imputation credits. It will be paid on 23 March and the record date is 9 March 2022. The company has been paying two dividends a year and the gross dividend yield works out to be 1.38%.

Also Read: Which are the top NZX value stocks to look at?

On 2 March, the stock was trading down by 1.22% at NZ$12.100, at the time of writing

Contact Energy Limited (NZX:CEN)

CEN announced an interim dividend of 14 cps to be paid on 30 March. It carries imputation credits of 1.765 cps with it and the record date is 10 March. The Company pays one interim and one final dividend a year.

On 2 March 2022, the stock was trading up by 0.12% at NZ$8.36, at the time of writing.

Port of Tauranga Ltd (NZX:POT)

POT declared an interim dividend of 6.500 cps to be recorded on 10 March. The payment date for the dividend is 25 March and the imputation credits attached are 1.147cps. The Company has a consistent dividend history and has been paying interim and final dividends a year. 

The gross yield works out to be 3.02%.

On 2 March, the stock was trading down by 0.32% at NZ$6.18, at the time of writing.

Bottom Line: Many companies have announced their record dates and payment dates in the month of March. Most of these are well-established companies with a consistent dividend-paying history.

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