Which 4 NZX dividend stocks are expected to grow in 2022?

Highlights

• Dividends are the parts of a company’s profits that are given to shareholders.
• Scott Technologies will pay a dividend of 4cps on 24 November 2021.
• The Warehouse Group will issue a final dividend of 17.5cps on 3 December 2021.

Dividend refers to a company’s profits that are provided to shareholders. Dividend stocks pay out regular dividends and are usually those firms that have a track record of distributing earnings.

Let’s have a look at how these 4 NZX dividend stocks are faring.    

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Heartland Group Holdings Limited (NZX:HGH; ASX:HGH)

Heartland Group, a financial services firm, reported $87 million in earnings in 2021, with growth returning in H2 of FY21 after witnessing a series of lockdowns in the first half. The Group's overall asset flow growth rate was 8%, indicating supply logistical interruptions and lockdowns that led to fluctuations.

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On 15 September, Heartland paid a 7cps dividend and announced an interim dividend of 4cps, bringing the total payout for FY21 to 11cps.

HGH ended the day 0.43% in red to close at $2.3.

Scott Technology Limited (NZX:SCT)

Advanced automation systems and robotic production services provider, Scott, entered into a deal with a US-based global appliance manufacturer in October, which will assist the firm in expanding its production line.

SCT will pay a dividend of 4cps on 24 November 2021. SCT ended the day 3.83% in green to close at $3.25.

The Warehouse Group Limited (NZX:WHS)

Leading retailer in NZ, WHS reported a 14.6% drop in revenues to $630.7 million in Q1 FY22 compared to the same quarter in FY21 due to the COVID-19 lockdown in August.

RELATED READ: The Warehouse Group (NZX:WHS) provides sales update for Q1 FY22

Despite COVID-19-related interruptions, the Group's online sales increased by 118.2% to $190 million in Q1 FY22 compared to Q1 FY21. The Group will issue a final dividend of 17.5cps on 3 December 2021, bringing the total dividend to 35.5cps for the full year.

WHS ended the day 0.76% in green to close at $4.

Accordant Group Limited (NZX:AGL)

NZ’s biggest recruiter and staffing provider, Accordant Group’s half-year performance was underpinned by steady growth. The Group reported a $4.5 million rise in revenue to $110.4 million for the 6 months to 30 September 2021.

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AGL Board will pay a dividend of 6.5cps on 1 December. The Group has a good pipeline of work as it heads into H2 of FY22.

AGL ended the day 1.06% in green to close at $1.9.

Bottom Line

Dividend stocks stay in high demand as they provide a regular source of income. However, it is hard to find a sole share that fits the needs of all investors.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)