RYM, KPG, VHP, NWF, ARG: 5 NZX dividend-paying stocks in June

Be the First to Comment Read

RYM, KPG, VHP, NWF, ARG: 5 NZX dividend-paying stocks in June

 RYM, KPG, VHP, NWF, ARG: 5 NZX dividend-paying stocks in June
Image source: zimmytws,shutterstock.com

Highlights

  • Dividends are for investors looking for a consistent source of income
  • Corporate NZ is still announcing its dividends
  • Several New Zealand companies have their ex-dividend dates in June

Some risk-averse investors prefer to invest in dividend-paying companies. These investors look for a consistent source of income as dividend companies have an advantage as they not only provide a margin of safety but also capital appreciation on the stock.

Against this background, let’s look at 5 interesting stocks with ex-dividend and payment dates in June.

dividends, high yields, NZ, Companies

                                        Source: © 2022 Kalkine Media®

Ryman Healthcare Limited (NZX:RYM)

It’s New Zealand’s leading retirement homes provider with a market cap of NZ$ 3.34 billion. It declared a final dividend of 13.60 cps with the record date on 2 June 2022. The payment date for the dividend is 17 June 2022.  There are no imputation credits on the dividend.

The Company has been paying consistent dividends, and, of late, declared a full-year underlying profit of NZ$255 million in its FY22 results. It has total assets of NZ$10.97 billion, up from NZ$9.17 billion. Also, it reported four new sites purchased, and additional land purchased at two existing villages in its annual results.
Also Read: PEB, OCA, RYM: 3 healthcare stocks in news as NZ continues orange setting

On 27 May 2022, the stock was up 0.58% at NZ$10.41, at the time of writing.

NZ Windfarms Limited: (NZX:NWF)

It is a renewable energy company of New Zealand with a focus on wind power. It’s a small-cap company with a market cap of NZ$106 million. It has declared a dividend of 0.2 cps with no imputation credits attached to it. Its ex-dividend date is 2 June and the payment date is 22 June. The Company has been paying three dividends to its shareholders every year, and the last interim dividend was paid by it in March 2022.

On 27 May, the stock was trading flat at NZ$0.180, at the time of writing.

Kiwi Property Group Limited (NZX:KPG)

KPG is a property group with a market cap of NZ$1.70 billion. It declared a dividend of 2.85 cps with an imputation value of 0.677. The record date for the dividend is 7 June and the payment date is 22 June. KPG is a consistent dividend-paying company with a yield of 6.7%.

Recently, KPG appointed Joanna Harris as new General Manager, People. She took over this position on 11 April.
Also Read: Kiwis gear up for more mortgage rates as RBNZ raises OCR
Also Read: PFI, PCT, KPG: Property stocks in news as housing oversupply ruled out

On 27 May, the stock was trading flat at NZ$1.010, at the time of writing

Argosy Property Limited (NZX:ARG)

ARG is a leading property investment vehicle of New Zealand. It declared an interim dividend of 1.63 cps with the ex-dividend date of 7 June 2022. The yield on the dividend works out to be 5.5% and the Company has been rewarding its shareholders with consistent dividends.

The payment date for the dividend is 22 June 2022.

On 18 May, the Company declared its FY22 results with an NPAT of NZ$236.2 million; NZ$163.7 million annual revaluation gain and an increase of 8% on book value. The Company has strong leasing and rent review outcomes, including a 3% annualised rental growth. The FY23 dividend guidance is 6.65 cps, which shows a 1.5% increase over previous year.

Also Read: From KPG to PFI: 5 NZX dividend-paying REITs to watch out for

On 27 May, the stock was trading up 0.40% at NZ$1.24, at the time of writing.

Vital Healthcare Property Trust (NZX:VHP)

VHP is an NZ-based property investment trust. It declared an interim dividend of 2.43 cps. The ex-dividend date for it is 8 June. The imputation credit attached to the dividend is 0.312 cps and the dividend will be paid on 23 June.

Of late, VHP opened a retail entitlement offer. Under this offer, retail unitholders will be able to subscribe to 1 new unit for every 8.5 existing units.

 KPG, PCT: Property stocks fall as IMF warns against debt-laden market

On 27 May, the stock was trading down 0.50% to NZ$2.96, at the time of writing.

Bottom Line: Many companies have their ex-dividend dates in June. Of these, several are rewarding their shareholders with good dividends to build their portfolios.

Some risk-averse investors prefer to invest in dividend-paying companies. These investors look for a consistent source of income as dividend companies have an advantage as they not only provide a margin of safety but also capital appreciation on the stock.

Against this background, let’s look at 5 interesting stocks with ex-dividend and payment dates in June.

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK