- Driven by its diversified agribusiness strategy, Scales Corporation posted a power-packed revenue for 2020.
- With an unprecedented demand for hospital products during the devastating times of COVID-19, Fisher & Paykel Healthcare Corporation reported a record FY21 performance.
- Underpinned by a prudent management cost approach, Accordant Group announced a sound after-tax profit for the year ended 31 March 2021.
Investors are always drawn towards evergreen dividend stocks because of their foreseeable returns and the long-term growth of their investments. During these current times, when the interest rates are low, investors are hooked on dividend-paying stocks.
Moreover, it is important to keep the ex-dividend date in mind, which is nothing but the last date to buy a stock and collect its dividend payment.
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Having said that, here’s a compilation of the 5 NZX listed dividend stocks that are going ex in June 2021.
Scales Corporation Limited (NZX:SCL)
Scales Corporation Limited is offering services to the agriculture sector for the last 100 years.
Inspite of 2020 being a tumultuous year, the Company reported a handsome revenue of NZ$470.7 million with an underlying profit of NZ$33.8 million for the year 2020. Moreover, its underlying EBITDA was NZ$53.9 million during the reported period. This could be achieved because of its diversified agribusiness strategy.
Scales will pay 9.5 cps as the final dividend on 9 July 2021 and its ex-dividend date being 30 June of this month.
On 14 June, at the time of writing, Scales Corporation was trading at NZ$4.790, up by 0.84%.
Tower Limited (NZX:TWR)
New Zealand based Tower Limited operates in the insurance space. Because of its cautious approach towards cost and management expenses, the Company recorded a profit of NZ$12 million for the six months ending 31 March 2021.
Aiming to deliver a sustainable shareholder value, TWR gives an underlying NPAT between NZ$25 million to NZ$27 million for FY21.
Tower will pay an interim dividend of 2.5 cps on 14 July this year, with an ex-dividend date being 29 June 2021.
On 14 June, at the time of writing, shares of Tower rose by 1.37%, and were trading at NZ$0.74.
Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)
Auckland based Fisher & Paykel Healthcare Corporation Limited is one of the leading healthcare companies in New Zealand.
Owing to an unprecedented surge in its hospital products in the testing times of the pandemic, the Company posted a record NPAT of NZ$524 million for FY21, up 82% from its preceding year. Moreover, its operating profit for the year was NZ$1.97 billion.
As a result, FPH has declared a final dividend of 22.0 cps to be paid on 7 July this year, the ex-dividend date being 24 June 2021.
On 14 June, at the time of writing, Fisher & Paykel Healthcare Corporation was trading at NZ$29.35, decreasing by 1.91%.
Accordant Group Limited (NZX:AGL)
Being the largest recruitment company in New Zealand, Accordant Group Limited reported NZ$6.2 million as its after-tax profit for FY21.
Inspite of being hit by the pandemic, the Group continued to place many people across the country. This could be achieved because of the Government’s wage subsidies. The management also undertook pay cuts inorder to reduce the impact of Covid 19 on the Group.
AGL will distribute 8.2 cps as final dividend on 30 June, the ex-dividend date being 17 June of this month.
On 14 June, at the time of writing, shares of Accordant Group were trading at NZ$1.650, with a hike of 1.85%.
Templeton Emerging Markets Plc (NZX:TEM)
Functioning as an investment company, Templeton Emerging Markets Plc focuses on providing long-term capital growth by investing in various emerging markets across the globe.
Recovering from the initial shook of the virus outbreak, the Company reported a solid NAV of +54.5%.
As the economy continues to recover, Templeton focuses on sustained earnings, thereby leading to impressive shareholders’ returns.
TEM has announced to pay a final dividend of 14.0p per share on 15 July, with an ex-dividend date being 17 June 2021.
On 14 June, Templeton Emerging Markets was trading flat at NZ$20.600.