Top 4 NZX Dividend Stocks To Keep An Eye On This Year- WHS, SCT, CDI, KMD

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Top 4 NZX Dividend Stocks To Keep An Eye On This Year- WHS, SCT, CDI, KMD

 Top 4 NZX Dividend Stocks To Keep An Eye On This Year- WHS, SCT, CDI, KMD
Image source: Khakimullin Aleksandr, Shutterstock

Summary

  • The Warehouse Group has announced a pleasing half-year results with 140.2% increase in its NPAT.
  • Scott Technology has recently won a contract to design a lamb-boning system for Thomas Foods International.
  • Kathmandu Holdings witnessed a remarkable performance by its brands - Rip Curl and Oboz.

Investors across any stock market are always hooked on the dividend-paying companies. A Company declares dividend as a reward to its shareholders, mostly because of its outstanding performance. Moreover, to attract potential shareholders and to create demand for its shares, companies declare dividends from time to time.

With the opening of markets, especially the tourism industry, after the start of the travel bubble, NZ companies are becoming optimistic about their future sales growth and developments.

Source: © Moth | Megapixl.com

With this background, let us now look at the 4 NZX stocks, which would be declaring dividends in the coming months and alluring the investors.

The Warehouse Group Limited

The Warehouse Group Limited (NZX:WHS) boasts of an impressive performance in its half-year results ended 31 January 2021. The Company recorded sales of NZ$1,808.3 million and an adjusted NPAT of NZ$111.0 million, up 140.2%, during the period.

All its brands which comprise The Warehouse, Noel Leeming, Warehouse Stationery, and Torpedo7, witnessed operating profits. The Company sees continued demand for its products with good stock and supply levels. WHS maintained a strong balance sheet with NZ$513.6 million as cash and available facilities.

The Company has announced 13.0 cps as the interim dividend, which will be distributed to its shareholders on 22 April 2021.

At the time of writing on April 22, The Warehouse Group was trading down by 0.83% at NZ$3.570.

Must Read: Do These 6 Dividend Stocks Have Robust Growth Prospects- HLG, WHS, NWF, MEL, CDI, FCT?

Scott Technology Limited

Scott Technology Limited (NZX:SCT; ASX:SCT) had recently announced an agreement to design and manufacture a lamb-boning system for Australia’s leading meat processing company, Thomas Foods International.

The latter will influx NZ$10 million into SCT, which would help in providing enhanced product quality and better yield of the high-value cuts. It would also help in improving worker safety with automated and robotic systems.

The Company has declared an interim dividend of 2.0 cps payable on 10 May 2021.

At the time of writing on April 22, Scott Technology was trading up by 1.12% at NZ$2.70.

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CDL Investments New Zealand Limited

CDL Investments New Zealand Limited (NZX:CDI) will announce the retirement of its independent director, Roy Austin, in its annual meeting of shareholders, which will be held on 25 May 2021. Further, it will be appointing Desleigh Jameson to its board w.e.f. 1 May 2021.

Also, the Company has reported NZ$30.1 million as PAT in its annual results released recently. Its total assets climbed to NZ$265.0 million in 2020 as compared to NZ$240.7 million in 2019.

The Company revealed 3.5 cps as the final dividend to be distributed on 14 May 2021.

At the time of writing on April 22, CDL Investments New Zealand was trading up by 0.45% at $1.120.

Also Read: 5 NZX Gainers and Decliners of the day- BRM, CAV, PGW, SKL, CDI

Kathmandu Holdings Limited

Kathmandu Holdings Limited (NZX:KMD; ASX:KMD) had announced the departure of its CEO, Xavier Simonet, from his post.

The Company witnessed a remarkable 1H group performance. Its sales rose to NZ$410.7 million, up 12.9%. Its statutory NPAT was recorded at NZ$22.3 million during the period. Both its iconic brands Rip Curl and Oboz witnessed remarkable sales growth because of the diversification strategy of the group and successful online customer penetration.

The Company has disclosed 2.0 cps as an interim dividend to be paid on 4 June 2021.

At the time of writing on 22 April, Kathmandu Holdings was trading up by 0.74% at NZ$1.370.

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