- Property for Industry revealed healthy metrics in its 2020 annual report with an interim dividend to be distributed towards the end of May.
- CDL Investments New Zealand boasted of remarkable performance with PAT standing at NZ$30.1 million.
- Henderson Far East Income to allot 100,000 new shares.
Every investor, be it an existing or a potential one, is always on the lookout for dividend-yielding stocks. These dividend stocks are beneficial for the investors as they not only reap in the payouts distributed by the company but also gain from the increased stock prices.
The money gained, can again be invested to buy more stocks and investors can rake in the benefits of dividend reinvestment.
Often, dividend policies and guidelines are considered as testaments by many trade analysts, economists, and traders for the sustainability of the business as well as longevity of its future growth and development.
Source: Copyright © 2021 Kalkine Media
On the given backdrop, let us take a peek at the 4 NZX dividend stocks that are declaring their dividend/distribution in this month of May.
Property for Industry Limited
Property for Industry Limited (NZX:PFI) oversees property investment and management across Aotearoa. The Company has announced 1.8 cps as an interim dividend to be distributed on 24 May 2021.
It saw an increase of 6.6% in its FFO amounting to 9.67 cps, while the Company’s portfolio stood at NZ$1.631 billion towards the end of 2020.
PFI maintained market confidence by taking cautious measures for its business operations, retaining the Company's fundamentals as well as protecting its employees during uncertain times.
On 14 May, Property for Industry traded in green and ended the day's trading session, rising by 0.35% at NZ$2.850.
CDL Investments New Zealand Limited
CDL Investments New Zealand Limited (NZX:CDI) focuses on offering premier residential homes to its customers. On 14 May, it will pay a final dividend of 3.5 cps to its shareholders.
The Company posted a commendable result with NZ$30.1 million as PAT and NZ$88.8 million as property sales & other income in its annual report for 2020.
Also, CDI has agreed to sell its land located in Wiri, proceeds of which will be utilised for further acquisitions and growth.
On 14 May, CDL Investments New Zealand ended the day's trading session, climbing by 3.21% at NZ$1.125.
The Bankers Investment Trust
The Bankers Investment Trust (NZX:BIT) is another investment company operating in New Zealand. It is going to pay an interim dividend of 0.538 cps on 28 May 2021.
The Company’s NAV and share price stood at 109.7 p and 110.8 p, respectively as at 31 March 2021. Moreover, its total assets were valued at £1498 million towards the month-end.
On 14 May, The Bankers Investment ended the day's trading session flat at NZ$2.350.
Henderson Far East Income Limited
Henderson Far East Income Limited (NZX:HFL) is a diversified portfolio investment vehicle majorly operating in the Asia Pacific region. It has agreed to pay its shareholders an interim dividend of 5.8 cps on 28 May 2021.
The Company has recently agreed to allot 100,000 shares for cash on 14 May 2021, thereby making the total shares and the voting rights to be at 147,738,564.
Its share price and NAV stood at 320.50 p and 313.42 p, respectively as on 12 May 2021.
On 14 May, Henderson Far East Income ended the day's trading session unchanged at NZ$6.610.