HLG, TRA, FCT & RBD: 4 NZX dividend stars of April

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HLG, TRA, FCT & RBD: 4 NZX dividend stars of April

 HLG, TRA, FCT & RBD: 4 NZX dividend stars of April
Image source: Jirsak, Shutterstock.com

Highlights

  • HLG and TRA are some of the best dividend payers
  • Their ex-dividend and payment dates are in April
  • HLG has a dividend yield above 9%

Dividends provide a consistent source of income for shareholders. Even during challenging times, these companies continued to reward their shareholders with dividends. Some of these companies did not discontinue or defer dividends to their shareholders. 

They have a consistent dividend-paying history and have attractive dividend yields. Dividend stocks must be selected carefully. Of course, yields of the stocks must be considered to know the best dividend-paying companies, but the fine print of the financials must also be carefully read.

Let’s look at these 4 evergreen dividend stars of April.

Image Source: © 2022 Kalkine Media

Hallenstein Glasson Holdings Limited (NZX: HLG) is a leading retailer of men’s and women’s clothes in NZ. Recently, it announced an interim dividend of 18cps with imputed credits worth 3.535 cps despite a dip in its profits in the half of FY22. The payment date for the dividend is 15 April and the ex-dividend date was 6 April. The grossed-up yield is 9.98% and the Company has been consistently paying two dividends to its shareholders every year.

Also Read: Why did Hallenstein Glasson’s (NZX:HLG) sales fall in 1HFY22?

On 7 April, the stock was trading down by 0.45% at NZ$6.620 at the close of the trading session.

Turners Automotive Group Limited (NZX:TRA)

TRA is a company that operates in the automotive sector. It declared an interim dividend of 6 cps, which will be paid on 20 April. The ex-dividend date for the dividend was 6 April. Imputed credits attached to the dividend are 2.33 cps.

On 7 April, the stock was unchanged at NZ$4.100, at the time of writing.

F&C Investment Trust Plc (NZX:FCT)

It is the world’s first collective investment scheme. It was established in 1868 and invests in international portfolios. It announced a final dividend of 3.800 pence with no imputation credit. The ex-dividend date is 7 April and the payment date is 10 May. The dividend yield is 1.56% and the Company has been rewarding the shareholders with 4 dividends every year.

On 7 April, the stock price was unchanged at 16.408, at the time of writing.

Restaurant Brands of New Zealand Limited (NZX:RBD)

It’s a retail brand and it announced a final dividend of 32 cps with 12.44 cps as imputation credits. The ex-dividend date is 7 April and the payment date is 22 April. The gross dividend yield is zero and this is the first time that the company has paid a dividend.

On 7 April, the stock was up by almost 1% at NZ$13.72, at the time of writing.

Bottom Line: Many companies have continued to pay dividends to their shareholders despite a drop in their profits due to COVID-19-related disruptions. Some have their ex-dividend and payment dates in April.

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