Look At These 6 Hot NZX Dividend Stocks In May

Summary

  • Dividend stocks are favourites of risk-averse investors.
  • Last year due to business disruptions, many companies discontinued paying dividend payments.
  • Some Companies continued to pay dividends due to good cash flows and commitment to shareholders.

This year is good for dividend payouts. Companies that had stopped dividend payment in 2020 due to uncertainty in the business environment have resumed paying dividends. Some Companies did not stop paying dividends completely as they paid partially, but some did not stop at all. Let’s have a look at some companies that have their ex-dividend dates in May and look at their dividend-paying history. 

Precinct Properties Limited (NZX:PCT)

PCT, which is a CBD property specialist with investments in premium properties, declared an interim dividend of 1.625cps, the ex-dividend date for which is today. The dividend is payable on 11 June 2021. Historically, the Company has been paying dividends every year, including 2020. The last dividend it paid was in March 2021 of 1.625cps.

Also read: 5 REIT Stocks To Be Considered In May 2021 - APL, PCT, PFI, SPG, IPL

Goodman property Trust (NZX:GMT)

GMT is an infrastructure company, which declared the final dividend of 1.325cps to be imputed at 0.233cps. The ex-dividend date is today and is payable on 10 June 2021.  Historically, the Company has been in a strong position in paying dividends to its shareholders. The last dividend it announced was recorded on 3 March 2021. Through COVID-19-ridden 2020, the Company has rewarded its shareholders with dividends.
Also Read: 3 Property Stocks that Continue to Pay Dividends - IPL, GMT, PCT

Investore Property Limited (NZX:IPL)

IPL is a commercial real estate company. It declared a final dividend of 1.900 cps. May 25 was its ex-dividend date and it will be paid on 2 June 2021. The dividend will be imputed at 0.201cps. Historically, it has been paying dividends to its shareholders. In 2020, it paid four dividends – three quarter and one final. The last dividend it declared was an interim one on 23 Feb.

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Kathmandu Holdings limited (NZX:KMD)

KMD announced an interim dividend of 2.000cps. The record date for the dividend was 20 May 2021 and the payment date is 4 June 2021. The Company was hit by COVID-19 border closures as it is a travel and tourism company and could not pay a dividend in FY2020.

Z Energy Limited (NZX:ZEL)

Z Energy is a fuel supplier to large and retail customers. It declared a final dividend of 14cps, which was recorded on 20 May and is to be paid on 2 June 2021. It will be imputed at 5.444cps. Historically, the Company has paid dividends in 2019 but no dividends were paid in FY2020.

Also Read: Budget 2021 Aims At Greenhouse Gas Emissions; A glance At 5 NZX Energy Stocks- ZEL, MEL, MCY, TPW, TLT

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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