- Dividends provide a regular income source to shareholders.
- PCT will pay a dividend of 1.675cps for Q1 FY22 on 10 December.
- KMD will pay a final dividend of 3cps for the period ending 31 July 2021 on 15 December 2021.
Dividend stocks are the firms that pay a part of their earnings to stockholders regularly. Dividends can be paid monthly, quarterly or annually.
They provide a regular income source to shareholders and can be an admirable way to increase wealth over the long term.
Let’s have a look at these 5 NZX dividend stocks that are trading under $5.
Image source: © 2021 Kalkine Media, Data source- Refinitiv
Z Energy Limited (NZX:ZEL; ASX:ZEL)
Z Energy welcomed the announcement made by Refining NZ last month to terminate domestic refining and shift to import terminal by April next year. Z’s CEO appreciated Refining NZ’s decision to shift to importing refined fuels and thanked its Board for carrying out a broad strategic review.
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Z Energy paid an interim dividend of 7cps on 8 December 2021.
ZEL ended the day flat to close at $3.49.
Precinct Properties New Zealand Limited (NZX:PCT)
Precinct properties notified on 30 November that its senior secured fixed rate bonds (PCT010) have a final quotation date of 17 December 2021.
PCT will pay a dividend of 1.675cps for Q1 FY22 on 10 December.
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PCT ended the day 3.87% in green to close at $1.61.
Kathmandu Holdings Limited (NZX:KMD; ASX:KMD)
On 6 December, Kathmandu Holdings finalised a request for a proposal procedure for external audit services.
The Company announced that it had hired KPMG as its external auditor for the financial year ending 31 July 2022 after accepting the resignation of PwC.
KMD will pay a final dividend of 3cps for the period ending 31 July 2021 on 15 December 2021.
KMD ended the day 4.11% in green to close at $1.52.
My Food Bag Group Limited (NZX:MFB)
My Food Bag attained record earnings for the 6 months ended 30 September 2021, bolstered by a blend of operational accomplishments and further product innovation.
Do Read: Which 4 mid-cap stocks to follow in 2022 as well?
MFB will pay an interim dividend of 3cps on 16 December 2021 and a final dividend of 4cps, likely to be paid in 2022 after it releases its FY22 results.
MFB ended the day flat to close at $1.18.
Goodman Property Trust (NZX:GMT)
Goodman Property reported a positive first half of FY22 and saw strong demand from customers even after COVID-19 curbs.
GMT will pay a cash distribution of $0.01375 per unit and an extra $0.00302686 per unit in imputation credits on 16 December.
GMT ended the day 1.77% in green to close at $2.585.
Investors can evaluate the sustainability of a company’s dividend payments by dividend payout ratio, which is total dividends divided by net income.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)