Which are 5 best NZX dividend stocks for 2022?

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Which are 5 best NZX dividend stocks for 2022?

 Which are 5 best NZX dividend stocks for 2022?
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Highlights 

  • Investors depend on dividends as an income source.
  • Oceania will pay an interim dividend of 2.1cps on 20 December.
  • Argosy will pay a Q2 cash dividend of 1.6375cps for FY22, due to be paid on 22 December.

Dividends are not a guaranteed source of income, but they are a common source of income for investors, with corporations paying dividends on a regular basis (quarterly, semi-annually and annually).

The Board of Directors of a company announces dividend payments and, in some cases, also have the authority to revoke them.

Let’s have a look at how these 5 dividend stocks are doing.

5 NZX Dividend Stocks and their financials

Image source: © 2021 Kalkine Media®, Data source- Refinitiv

Oceania Healthcare Limited (NZX:OCAASX:OCA)

Oceania announced on 10 December that the strike price for the Dividend Reinvestment Plan had been set at $1.2837 per share. The Group had announced an interim dividend of 2.1cps, due to be paid on 20 December.

RELATED READ: 5 NZX healthcare stocks that can be followed ahead of 2022

On 21 December, at the time of writing, OCA was trading flat at $1.33.

Radius Residential Care Limited (NZX:RAD)

The Group announced that the foreign exchange rate used for RAD’s interim dividend paid to Australian investors in AUD had been fixed at $0.93888 for FY22.

RELATED READ: How are NZX retirement villages stocks doing in December 2021?

RAD has declared a dividend of 0.7cps, including full imputation credits for H1 FY22, due to be paid on 23 December 2021.

On 21 December, at the time of writing, RAD was trading flat at $0.48.

Infratil Limited (NZX:IFTASX:IFT)

Infratil announced that it was collaborating with the biggest private radiology supplier in the Bay of Plenty region, Bay Radiology, to further expand its business.

Infratil is due to pay an interim dividend of 6.5cps for FY22 on 23 December 2021.

On 21 December, at the time of writing, IFT was trading at $7.965, down 0.44%.

Green Cross Health Limited (NZX:GXH) 

Green Cross Health announced that Androulla Kotrotsos had been promoted to General Manager, Access Community Health, effective 15 December 2021.

DO READ: Should one consider 3 NZX dividend stocks going ex in January 2022?

The Group declared an interim dividend of 3cps for H1 ended 30 September 2021 amid robust half-year results and a strong balance sheet.

On 21 December, at the time of writing, GXH was trading at $1.14, down 1.72%.

Argosy Property Limited (NZX:ARG)

Argosy announced a Q2 cash dividend of 1.6375cps for FY22 with payment to be made on 22 December 2022. The Group also declared that the strike price for the Dividend Reinvestment Plan was $1.518 per share.

DO READ: How are these 5 NZX REIT stocks faring as 2021 is set to end?

On 21 December, at the time of writing, ARG was trading at $1.59, down 0.93%.

Bottom Line

Dividend investors must consider that dividends are not guaranteed and can be paid by mature firms that are experiencing slow growth.

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

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