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COVID-19 gave an enormous jolt to stock dividends initially with the majority of the companies either suspending or cancelling their dividend announcements to save cash. Nonetheless, the situation seems to be reversing with many NZX-listed companies announcing dividend payments.
As the economic and financial conditions in the country improved, more companies have increased their dividend payout numbers. Dividend yields play a significant role for an investor to take investment decisions.
Amid this backdrop, let us glance through the performance of these 6 NZX-listed dividend-yielding stocks.
Spark’s revenue fell 1.5% to $1.8 billion because of the loss of higher-margin mobile roaming revenue and higher voice revenue declines. However, its underlying performance remained strong as its mobile service revenue rose 3.8% in 1H FY21 on pcp with growth in the cloud, security and service management revenue.
Spark announced an interim dividend per share of 12.5 cents, 100% imputed. The Company is now 6 months into its new 3-year strategy and making some solid progress, growing its competitive advantage.
On 3 March, SPK ended the trading session at $4.675, down 1.16% from its previous close.
Kingfish Limited (NZX:KFL)
Kingfish returned a gross performance loss of 1.1% and an adjusted NAV return loss of 1.2% in January 2021. 61,578,083 warrants have been on issue as of 28 February 2021 and may be applied on 12 March 2021 with a final exercise price of $1.51 for every warrant.
Mainfreight, Infratil, Fisher & Paykel Healthcare, Summerset and Auckland International Airport were the 5 biggest portfolio holdings if KFL as of 28 February 2021.
On 17 February 2021, the Group announced that the quarterly dividend of 3.71 cents per share would be paid on 26 March 2021.
On 3 March, KFL ended the trading session at $1.91, down 0.16% from its previous close.
The Group witnessed substantial growth in its statutory profit at $78 million for 6 months ended 31 December 2020, up 32% on pcp. Its EBITDAF rose by $25 million to $246 million, up 11% on pcp.
On 15 February, CEN launched $400 million equity raise to give financial flexibility to construct a new geothermal power station in Tauhara. Beyond Tauhara, CEN has a development project pipeline worth $800 million.
The Company announced an interim dividend of 14 cps to be imputed up to 9 cps, to be paid on 30 March 2021.
On 3 March, CEN ended the trading session at $7.11, up 2.6% from its previous close.
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The Group witnessed continued growth in its core lending portfolios with an impact on overall balance sheet growth. HGH achieved a NPAT of $44.1 million for 6-month period ended 31 December 2020, up by $4.2 million on 1H 2020.
HGH declared a 1H FY21 interim dividend of 4 cents per share and will be paid on 16 March 2021. Heartland anticipates to return to a payout ratio associating to historical levels once restrictions by RBNZ are taken off.
Heartland expects NPAT to be at the upper end of the guidance range of $83 million to $85 million for FY21.
On 3 March, HGH ended the trading session at $1.86, down 1.06% from its previous close.
Marlin Global Limited (NZX:MLN)
Marlin announced a net operating profit after the tax of $25.8 million for 6 months ended 31 December 2020 compared to $12.4 million in 1H20.
Marlin’s key performance ratios showed a total shareholder return (TSR) of 42.4% for a 6-month period and an increase in the adjusted net asset value of 15.8%.
A total of 4.26 cents per share was paid to Marlin shareholders in 6 months ended 31 December 2020. MLN declared a quarterly dividend of 2.21 cents per share on 17 February 2021 that will be paid on 26 March 2021.
On 3 March, MLN ended the trading session at $1.29, up 0.94% from its previous close.
Seeka posted a NPAT of $15.2 million for the year ended 31 December 2020, up 120% on 2019. It performed remarkably well for growers, consumers, and investors in 2020.
Total dividends distributed or announced is $0.22 per share in 12 months to 31 December 2020. A dividend of $0.12 per share has been declared by the Board and will be paid on 30 March 2021.
Seeka possesses adequate post-harvest capacity for the 2021 and 2022 seasons, with extra capacity required for 2023.
On 3 March, SEK ended the trading session at $5.04, up 1.61% from its previous close.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise