Do These 6 NZX Dividend Stocks Reflect Steady Growth And Income Generation?

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Summary

  • During FY21H1, The Warehouse Group’s brands The Warehouse, Noel Leeming, Warehouse Stationery, and Torpedo7 have recorded operating profits.
  • Scott Technology recently won a contract in the meat industry segment to build a lamb-boning system for Thomas Foods International.
  • Kathmandu Holdings had acquired Rip Curl in 2019 and it achieved strong sales due to the group’s diversification strategy.

Investors all around the world look forward to dividends being declared by the company. These dividends reflect the sound financial health of the Company.

Moreover, they attract potential investors to invest in the Company’s stocks, since dividend declaration is assumed as a sound yardstick to measure a company’s financial strength. Also, these companies have the potential to grow into huge profitable units.

During the initial months of 2020, most of the companies faced tough situations and experienced challenges due to the coronavirus pandemic. But with relaxed lockdowns and restrictions, situations started to improve.

Companies began to perform well during the latter half of the year and started to announce dividends. This proved a boon to those investors who were resilient and remained with the companies even during the times of uncertainties.

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With this background, let us look at the 6 NZX stocks that are declaring dividends in the months of April, May, and June 2021, and keeping the investors hooked on.

The Warehouse Group Limited

The Warehouse Group Limited (NZX:WHS) posted a pleasing performance for FY21H1, with Group sales increased to NZ$1,808.3 million, up 7.4% during the period. The Company’s brands, which are The Warehouse, Noel Leeming, Warehouse Stationery, and Torpedo7 have recorded operating profits. Adjusted NPAT was NZ$111.0 million during the above-mentioned period. Moreover, the Company saw online sales growth of 50.3% during the half-year period.

WHS has announced an interim dividend of 13.0 cps, which is being paid to the shareholders on 22 April 2021.

On 16 April, by the end of the trading session, The Warehouse Group was flat at $3.500.

Must Read: Do These 6 Dividend Stocks Have Robust Growth Prospects- HLG, WHS, NWF, MEL, CDI, FCT?

Hallenstein Glasson Holdings Limited

Hallenstein Glasson Holdings Limited (NZX:HLG) recorded a 13.6% increase in its group sales, amounting to NZ$181.98 million for the six months period ended 1 February 2021. The NPAT was NZ$19.84 million during the period. Moreover, digital sales rose to 23.8% of the total group sales during the reporting period.

HLG will pay an interim dividend of 23.0 cps to its shareholders on 16 April 2021.

On 16 April, by the end of the trading session, Hallenstein Glasson Holdings was down by 0.55% at $7.250.

Must Read: Kiwi Retail Sector And 5 Related Stocks- WHS, HLG, BGP, KMD, MHJ

Scott Technology Limited

Scott Technology Limited (NZX:SCT) has recently won a contract in the meat industry to build a lamb-boning system for Thomas Foods International (TFI), Australia’s leading meat processors.

Moreover, the Company’s revenues were recorded at NZ$104.5 million, EBITDA at NZ$11.2 million, and NPAT at $4.7 million for H1 FY21.

SCT has announced an interim dividend of 2.0 cps, payable on 10 May 2021.

On 16 April, by the end of the trading session, Scott Technology was up by 1.16% at $2.610.

Must Read: Why Did These 5 NZX Stocks Gain Or Lose Today?  - NTL, RAK, SCT, MWE, RYM

CDL Investments New Zealand Limited

CDL Investments New Zealand Limited (NZX:CDI) has announced few changes in its management board. Roy Austin, the Company's independent director, will be retiring from the Board. Desleigh Jameson will be appointed as an independent director w.e.f. 1 May 2021.

The Company announced a robust NPAT of NZ$30.1 million in spite of a challenging year due to the pandemic. Moreover, its total assets increased to NZ$265.0 million as compared to NZ$240.7 million in 2019. Shareholder’s funds also saw an increase to NZ$257.1 million during the year.

CDI declared a final dividend of 3.5 cps, payable on 14 May 2021.

On 16 April, by the end of the trading session, CDL Investments New Zealand was up by 0.91% at $1.110.

Must Read: 5 NZX Gainers and Decliners of the day- BRM, CAV, PGW, SKL, CDI

Kathmandu Holdings Limited

Kathmandu Holdings Limited (NZX:KMD, ASX:KMD) recorded strong sales of NZ$410.7 million during 1H FY21. The Company’s underlying EBITDA was recorded at NZ$48.2 million and a statutory NPAT of $22.3 million was recorded during the said period. Its iconic brand Rip Curl (acquired in 2019) achieved strong sales due to the group’s diversification strategy.

The Company is soon planning to implement a loyalty program for Rip Curl and will launch an online store for its Oboz brand.

KMD has announced an interim dividend of 2.0 cps, payable on 4 June 2021.

On 16 April, by the end of the trading session, Kathmandu Holdings was flat at $1.400.

Must Read: 10 Stocks Making Headlines On NZX - KMD, SKO, OCA, TRU, NZL, CEN, AFC, CNU, SPK, PHL

Meridian Energy Limited

Meridian Energy Limited (NZX:MEL, ASX:MEZ) saw a 19 % rise in its net profit during the half-year period ended 31 December 2020. The NPAT was NZ$227 during the period. Moreover, EBITDAF was reported at NZ$422.0 million.

MEL has revealed an interim dividend of 5.700 cps, payable on 16 April 2021.

On 16 April, by the end of the trading session, Meridian Energy was up by 0.83% at $6.050.

Must Read: Do These 6 Dividend Stocks Have Robust Growth Prospects- HLG, WHS, NWF, MEL, CDI, FCT?


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