ARV, RAD, GXH, FPH: Healthcare dividend stocks to explore on Matariki day

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ARV, RAD, GXH, FPH: Healthcare dividend stocks to explore on Matariki day

 ARV, RAD, GXH, FPH: Healthcare dividend stocks to explore on Matariki day
Image source: © Youmademoney | Megapixl.com

Highlights

  • As NZ gathers to celebrate Matariki on 24 June, investors are keeping a watch on companies that are paying dividends.
  • Investors can explore healthcare companies that pay dividends as the sector is in the spotlight amid the COVID-19 pandemic.
  • Arvida, Radius, Green Cross and Fisher & Paykel are some of the healthcare companies paying dividends this month and in July.

New Zealand is celebrating Matariki on 24 June, marking the beginning of the Maori New Year. Matariki is a star cluster, one of the biggest clusters, which appears in the morning in NZ during the mid-winter months.

The special occasion is celebrated to reconnect with friends and family members. With NZ’s newest public holiday Matariki nearby, investors are keeping a watch on companies that are paying dividends and can help them in providing a stable income stream amid volatile markets.

Healthcare companies are known to pay attractive dividends and the sector has come into the spotlight as COVID-19 cases continue to explode, particularly in China.

Let’s quickly skim through the 4 NZX healthcare dividend stocks paying dividends in June and July.

 

Source: © Ekahardiwito | Megapixl.com

 

Fisher & Paykel Healthcare Corporation Limited (NZX:FPHASX:FPH)

A leading manufacturer and distributor of healthcare supplies and equipment, Fisher & Paykel, has a market cap of $11.3 billion.

FPH notified last month that it had chosen Tracey Barron to be a part of the Future Directors program from 1 June 2022.

The Company will pay a final dividend of 22.5cps on 6 July, taking the FY22 dividend to 39.5 cps, up 4%. 

FPH ended the day 2.76% in green to close at $19.73.

 

Arvida Group Limited (NZX:ARV)

One of the leading aged care providers in NZ, Arvida has a portfolio of over 5,000 units and beds spread across 35 retirement communities. It has a market cap of $1.07 billion.

ALSO READ; ANZ, WBC, MFT: 3 NZX heavyweights paying dividend in coming weeks

Arvida registered a 52% rise in NPAT and a 42% increase in underlying profit in FY22, benefitting from the acquisition of the Arena portfolio of 6 retirement communities.

ARV paid a final dividend of 3cps on 22 June and targets a payout ratio towards the lower end of the 40%-60% band.

ARV ended the day 2.05% in green to close at $1.49.

 

Radius Residential Care Limited (NZX:RAD)

Retirement village operator Radius Residential runs 23 aged care facilities, owning 12 of them and leasing 11. It has a market cap of $92.8 million.

Do Read: From WHS, ANZ to KPG: 10 NZX stocks with over 7% dividend yield

RAD reported strong results for FY22 with revenue from care services increasing 8.9% during the period. Radius’ dividend policy is to distribute 50%-70% of AFFO across 2 even payments.

Radius paid a final cash dividend of 0.55cps on 22 June, taking the total cash dividend to 1.05cps for FY22.

Radius ended the day 2.99% in green to close at $0.345.

 

Green Cross Health Limited (NZX:GXH)

A primary health care service provider in NZ, Green Cross, has a market cap of $190.5 million.

The Group posted a 54% rise in operating profit to $54.1 million and a 47% increase in NPAT attributable to shareholders to $24.6 million for FY22.

ALSO READ: RYM, FPH, GXH, TRU: 4 NZX healthcare stocks to explore in July 2022

GXH paid a final dividend of 3.5cps on 23 June and expects to return to pre-COVID-19 profit levels in FY23.

GXH ended the day 1.53% in green to close at $1.33.

 

Bottom Line

Investors must conduct proper research on the company’s fundamentals, underlying business, dividend history, etc., before making any investment.

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

 

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