- Many companies have their ex-dividend dates in November.
- Scott Technology will pay 4cps on 22 November 2021 with the dividend to go ex on 8 November 2021.
- ZEL will pay a dividend of 7cps on 8 December with the dividend going ex on 18 November 2021.
Dividends provide a regular source of income, foreseeable returns and the long-term growth of their investments. These characteristics draw investors towards dividend stocks.
An investor must keep the ex-dividend date in mind, which is set a business day before the record date. A record date helps the Company identify shareholders eligible to get the Company bonus or dividend.
Here’s a compilation of 3 NZX-listed dividend stocks that are going ex in November 2021.
Image source: © 2021 Kalkine Media, Data source- Refinitiv
Scott Technology Limited (NZX:SCT)
Engineering company Scott Technology signed a contract worth $20 million in October to deliver an automation solution for a US-based, leading global appliance manufacturer. The project will see the development of a high-quality production line.
Are these NZX dividend payers going ex in November?
Scott declared a dividend of 4cps, which will be paid on 22 November 2021. The dividend will go ex on 8 November 2021.
On 5 November, SCT ended the trading session flat at $3.17.
The Warehouse Group Limited (NZX:WHS)
The Warehouse Group appointed Sarah Kearney as Chief Digital Officer of the Group in October. WHS progressed well in FY21 with the Agile business model operating efficiently to meet changing customer needs.
WHS declared a special dividend of 5cps in February 2021, an interim dividend of 13cps in April and a final dividend of 17.5cps. This will take total dividends to 35.5cps for the year. The dividend will go ex on 17 November 2021 and will be paid on 3 December 2021.
On 5 November, WHS ended the trading session flat at $3.98.
Z Energy Limited (NZX:ZEL)
Fuel supplier and retailer, Z Energy reported solid earnings with a 20% rise in RC EBITDAF for the six months to 30 September 2021. The Group’s total marketing volume rose 11% in the period versus pcp with COVID-19 lockdowns affecting demand in the second quarter.
The Group will pay an interim dividend of 7cps on 8 December 2021 with the record date of 19 November 2021. The dividend will go ex on 18 November 2021.
ZEL confirmed RC EBITDAF guidance between $270 million and $310 million for FY22.
On 5 November, ZEL ended the trading session at $3.59, down 0.55% from the previous close.
Many companies have their ex-dividend dates in November. Shareholders must have purchased the stock before the ex-dividend date to get the upcoming dividend.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)