- Several cash-rich companies continued to pay dividends last year.
- Those who had suspended also resumed paying.
- The companies under review are stars amongst dividend-paying companies.
An investor looking for additional income goes for good dividend-paying stocks. Usually, mature companies pay rich dividends to keep the investors interested. To the risk-averse investors dividends can also be a consistent source of income. With volatile market conditions, investors are constantly looking for good dividend stocks. Let’s look at 5 NZX-listed companies that reward their shareholders with good dividends.
Westpac Banking Corporation (NZX:WBC)
WBC is one of the largest banks operating in Australia. The Bank paid a dividend of 58 cps with imputation value of 7cps. The record date for the dividend was 13 May and the payment will be made on 25 June 2021. Historically, the Company paid one final dividend of 80cps in 2020 and one interim dividend in 2019.
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On 28 May, at the time of writing, WBC was trading at $28.11, up 0.68%.
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ANZ has good cash-flow situation and improved profitability. It reported an increase in its profits by 42% for 1HFY21. It has a strong home loan market, therefore, it has a good financial position. The Bank decided to reward its shareholders with an interim dividend of 70cps, to be paid on 1 July 2021.
On 28 May, at the time of writing, ANZ was trading at $30.65, up 1.09%.
Genesis Energy Limited (NZX:GNE)
GNE is NZ’s leading gas and electricity retailer. In its half-yearly results, the Company showed a growth in its net profit by NZ$53M due to increased demand in retail and wholesale segments. The Company declared an interim dividend of 8.765, which was paid on 1 April 2021. GNE has been resilient in times of the coronavirus pandemic and has rewarded its shareholders with dividends in 2020.
On 28 May, at the time of writing, GNE was trading at $3.40, down 0.58%.
Spark New Zealand Limited (NZX:SPK)
SPK is a telecom big-wig, which continued to pay its shareholders with dividends despite COVID-19-related disruptions. With good cash-flow situation, the Company announced a payout of 12.500 cents per share as an interim dividend. It was to be imputed at 4.816 cents per share. The record date was 9 April 2021.
Also Read: Spark Install 5G In Christchurch City Centre
On 28 May, at the time of writing, SPK was trading at $4.05, up 0.25%.
Vector Limited (NZX:VCT)
VCT has seen good growth in the city of Auckland. It saw an increase in gas connections in the city in 1HFY21. The overall performance was strong with its NPAT up 26% at NZ$421M versus pcp. VCT has been consistent with its dividend payments and announced an interim dividend of 8.25 cps, with imputation at 10.5%, which was paid on 8 April 2021.
On 28 May, at the time of writing, VCT was trading at $4.50, down 1.10%.