Keen to invest in stocks? Know 3 stocks paying dividends in May

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Keen to invest in stocks? Know 3 stocks paying dividends in May

 Keen to invest in stocks? Know 3 stocks paying dividends in May
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Highlights:

  • Dividend-paying stocks are not only consistent in generating an income flow but also carry the potential of share price appreciation in the long run
  • Scott Technology to pay a dividend next month
  • CDL Investments New Zealand announces the distribution of 3.5 cps as a dividend

Investors like to invest in those companies which pay a steady stream of income, i.e., dividends for life. Moreover, these dividend-paying stocks generally perform well as compared to their peers during market downturns and rocky conditions.

Hence, by accumulating a portfolio of dividend stocks, investors can enjoy a regular flow of income that can go on in perpetuity.

Amid this backdrop, let us look at three NZX-listed dividend stocks- Scott Technology Limited (NZX:SCT), Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) and CDL Investments New Zealand Limited (NZX:CDI) which are distributing dividends next month.

Source: © Dizain777 | Megapixl.com

Scott Technology Limited (NZX:SCT)

Providing smart automation and robotic solutions, Scott Technology Limited will distribute 4.0 cps as an interim dividend on 11 May.

Related Read: RAK, SCT, WDT- Why these 3 NZ tech stocks are in focus?

The Company in its recently released H1 F22 results stated that owing to continuous demand for automation, Scott's revenue climbed by NZ$118.4 million, up 13% on pcp, and its EBITDA climbed by 19% to NZ$11.7 million.

Further, the tech-driven company boasts a solid forward work pipeline in multiple markets.

On 26 April, at the time of writing, SCT was rising by 0.98% at NZ$3.100.

Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK)

Millennium & Copthorne Hotels New Zealand Limited has announced paying 3.5 cps as a final dividend on 13 May.

Also Read: WHS, RBD, MCK- 3 dividend stocks under $5 on investors’ watchlist

Despite being impacted by the ongoing pandemic, the hotel operator’s PAT stood at NZ$40 million during FY21, majorly on account of its property development activities and a significant one-off gain from the sale of land.

MCK is looking forward to the resumption of international travel with the country's border reopening plans and is hopeful for 2022 and beyond.

On 26 April, at the time of writing, MCK was jumping by 1.21% at NZ$2.510.

CDL Investments New Zealand Limited (NZX:CDI)

Engaged in land-based investment and development, CDL Investments New Zealand Limited has announced paying a final dividend worth 3.5 cps on 13 May.

Do Read: CDL Investments (NZX:CDL) records positive FY21 results

Bolstered by the consistency of its sales and strategy, the Company had announced another profitable year, with FY21 PAT at NZ$31.3 million.

CDI is continuously focused on delivering maximum returns to its shareholders and has positioned itself for future growth.

On 26 April at the time of writing, CDI was down by 0.90% at NZ$1.100.

Bottom Line

Dividend stocks generally boast strong fundamentals and firm financial footing, thereby offering reliable yields to their investors.

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