SKL, FBU, SEK- 3 NZX dividend stocks to watch out for

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SKL, FBU, SEK- 3 NZX dividend stocks to watch out for

Top NZX Dividend Stocks
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Highlights

  • Many of the NZ companies are known for paying handsome returns to their investors.
  • Fletcher Building to pay a dividend of 18 cents in April.
  • Seeka declares a final dividend of 13 cents.

New Zealand boasts some of the globally renowned companies which have firm financial footing and strong fundamentals. 

Despite being impacted by COVID-19-related uncertainties and supply-chain disruptions, some of the NZ companies have charted through these rough waters and have performed remarkably well, thus distributing handsome returns to their shareholders.

Having said that, let us take a look at the three popular NZX-listed companies distributing divided in the coming weeks.

 NZ dividend stocks- SKL, FBU, SEK

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Skellerup Holdings Limited (NZX:SKL

A developer and supplier of engineered products, Skellerup Holdings Limited, will pay an interim dividend of 7.5 cps on 17 March. 

The Company posted a record 1H22 earnings, with a revenue of NZ$150.5 million and an EBIT of NZ$32.4 million, both up by 10% and 18%, respectively, on pcp, owing to continued growth in demand for its potable and wastewater products across the US, NZ and Asian markets. 

Further, SKL expects to deliver an NPAT between NZ$44 million to NZ$47 million for FY22. 

On 22 February, at the time of writing, SKL was trading at $6.14, down 1.13%.

Fletcher Building Limited (NZX:FBU; ASX:FBU

Fletcher Building Limited, a well-known name in NZ’s infrastructure sector, will distribute 18.0 cps as an interim dividend on 7 April. 

Underpinned by improved operational performance and cost disciplines, FBU’s revenue for HY21 stood at NZ$4,064 million, and NPAT was recorded at NZ$171 million.  

Read More: Fletcher Building (NZX:FBU) continues its remarkable run, declares impressive dividend 

Moreover, the Company expects to deliver about NZ$750 million as its FY22 EBIT and boasts of having a strong pipeline of investments, helping it steer its growth plans for the years ahead.  

On 22 February, at the time of writing, FBU was trading at $6.87, down 0.43%.

Seeka Limited (NZX:SEK

Seeka Limited, a famous premier produce company, will reward its shareholders by paying them a final dividend of 13.0 cps on 23 February. 

Bolstered by a rebound in Hayward kiwifruit volumes along with a lift in SunGold kiwifruit production, SEK witnessed a 23% jump in its FY21 revenue, which amounted to NZ$310 million. 

Also Read: SEK, SCL: 2 consumer stocks that can be explored before RBNZ’s monetary review 

The Company aims to build a robust and sustainable business to deliver enhanced performance to its investors and is focused on pursuing an active growth strategy through acquisitions. 

On 22 February, at the time of writing, SEK was trading at $5.08, down 0.39%. 

Bottom Line 

Investors are always attracted towards dividend-declaring stocks as they provide regular income even during rocky market periods. 

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