Which 5 NZX dividend stocks under NZ$5 to consider in 2022?

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Which 5 NZX dividend stocks under NZ$5 to consider in 2022?

Dividend stocks
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  • Dividend stocks guarantee a steady income flow even during the turbulent market conditions.
  • Tower announces paying 2.50 cps as a final dividend in February next year.
  • The Warehouse Group will reward its shareholders by distributing 17.5 cps as a dividend next month.

Investors are always on the outlook for dividend-paying stocks as they are considered to be safe and a reliable source of investments.

Apart from ensuring a regular flow of income, the profits can further be reinvested, thus helping one to enhance his investment portfolio.

With this overview, let us look at the popular NZX dividend stocks less than NZ$5 in the coming year.

NZX dividend stocks- TWR, TRA, ARG, KPG, WHS

Image source: © 2021 Kalkine Media, data source- Refinitiv

Tower Limited (NZX:TWR)

Functioning in the general insurance space is Tower Limited. The Company will pay a final dividend of 2.50 cps on 2 February 2022, thereby taking the full-year dividend to 5 cps.

Related Read: Do 5 NZX penny stocks have the potential to turn into multibaggers?

The insurance company posted a solid FY21 performance with a 72% increase in its profit, amounting to NZ$19.3 million, owing to prudent cost control and improved efficiencies.

The Company maintains a solid position for the year ahead and focuses on delivering enhanced dividends, sustainable earnings, and premium growth.

At the closing bell, on 26 November, Tower climbed by 0.73% at NZ$0.690.

Turners Automotive Group Limited (NZX:TRA)

Turners Automotive Group Limited focuses on offering automotive financial solutions and is also engaged in the sale, purchase, and auction of motor vehicles etc. It would pay an interim dividend of 5.0 cps on 27 January 2022, thus taking the total HY22 dividend to 10.0 cps.

Do Read: Which are the 5 best performing NZX growth stocks?

Owing to its geographic as well as earnings diversification, the Group reported a strong HY22 performance with a 26% climb in its NPAT, amounting to NZ$16.9 million.

Anticipating a stronger and enhanced trading performance, TRA expects an FY22 NPBT in the range of NZ$40 million and NZ$42 million.

At the closing bell, on 26 November, Turners Automotive Group fell by 1.12% at NZ$4.400.

Argosy Property Limited (NZX:ARG)

Argosy Property Limited operates in the real-estate space. The Company has announced a Q2 dividend of 1.6375 cps, to be distributed on 22 December.

ARG demonstrated quality and resilience amid the Covid-related uncertainties and delivered sustainable earnings during the six months ended 30 September 2021, with NPAT clocking $127.0 million.

Related Read: Argosy (NZX:ARG) How did the Company perform in interim results?

Moreover, the Company has reaffirmed the F22 dividend to be at 6.55 cps.

At the closing bell, on 26 November, Argosy Property dropped by 1.03% at NZ$1.445.

Kiwi Property Group Limited (NZX:KPG)

Another real-estate company operating in the Kiwi land is Kiwi Property Group Limited. On 17 December, it will distribute 2.750 cps as its interim dividend for 1H22.

The Company recorded a 164% growth in its NPAT, which totalled NZ$143.2 million, majorly on account of an increase in the fair value of its investment properties.

Must Read: Kiwi Property Group (NZX:KPG) reports 164% profit growth, delivers on strategy

Furthermore, KPG aims to announce a minimum of 5.30 cps as an F22 dividend, as compared to the preceding year.

At the closing bell, on 26 November, Kiwi Property Group was flat at NZ$1.145.

The Warehouse Group Limited (NZX:WHS)

The Warehouse Group Limited is one of the biggest retailing groups operating in NZ. It will reward its shareholders by paying an impressive final FY21 dividend of 17.5 cps on 3 December, thus taking the total dividend for the year to 35.5 cps.

Its total retail sales were reported at NZ$630.7 million for Q1 FY22, underpinned by a solid increase in its online sales.

At the closing bell, on 26 November, The Warehouse Group was down by 2.50% at NZ$3.900.

Bottom Line

Those aiming for a consistent income generally include a certain portion of their investment portfolio of dividend-paying stocks.


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