Which are the top 10 NZX-listed dividend stocks?


  • As economic recovery gets underway, many NZX companies have declared dividends, thereby showing their resilience amid challenging times.
  • Hallenstein Glasson Holdings has rewarded its investors by paying an interim dividend of 23.0 cps.
  • Recently, Precinct Properties New Zealand shared its dividend guidance for FY21.

In comparison to its forerunner, the year 2021 is much more stable, with economies across the world coming back on track. As a result, NZX companies are becoming optimistic about their businesses, with a steady rise in their earnings. Moreover, they are rewarding their shareholders with attractive dividends for standing with them during economic downturns.

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Amid this background, let us cast a glance at the 10 top-rated NZX dividend-paying stocks.

Hallenstein Glasson Holdings Limited (NZX:HLG)

The clothing retailer Hallenstein Glasson Holdings Limited reported a 28.6% increase in its NPAT, amounting to NZ$19.84 million for the half-year period ended 1 February 2021, mainly on accounts of being an omni-channel and an efficient digital strategy.

On 19 April, the Company paid 23.0 cps as interim dividend to its shareholders.

On 22 July, Hallenstein Glasson Holdings ended the trading session, up by 0.14% at NZ$7.320.

Must Read: 5 NZX stocks that are in focus today – SKT, RBD, NZO, HLG, WBC, DOW

Precinct Properties New Zealand Limited (NZX:PCT)

Being a leading owner and developer of business spaces across Auckland and Wellington, Precinct Properties New Zealand Limited made a Q2 dividend payment of 1.625 cps on 26 March while maintaining a full-year FY21 dividend guidance at 6.50 cps.

Aided by solid portfolio revaluation gains, the Company announced NZ$167.9 million as income after tax in its FY21 interim results.

At the market close, Precinct Properties New Zealand was down by 0.61% at NZ$1.640, on 22 July.

Also Read: What is the trading volume of 4 NZX stocks amid market session?

Ebos Group Limited (NZX:EBO; ASX:EBO)

Ebos Group Limited rewarded its shareholders by paying a dividend of 42.5 cps on 18 March. In its half-yearly results for the period ended 31 December 2020, EBO reported a revenue of NZ$4.7 billion, aided by a strong performance from both of its healthcare as well as animal care segments.

The shares of Ebos Group dropped by 0.35% at NZ$31.390, by the end of the trading session, on 22 July.

Read: One Healthcare Stock for Long-Term Growth Prospects

Property for Industry Limited (NZX:PFI)

Property for Industry Limited is another company operating in the real estate sector. On 24 May, the Company made the dividend payment of 1.80 cps for Q1 and has provided dividend guidance between 7.85 cps to 7.90 cps for FY21.

With an average occupancy of 98.5% in 2020, PFI maintained a strong position even under challenging circumstances.

On 22 July, by the market close, Property for Industry was down by 0.68% at NZ$2.910.

Do Read: What are the trading volumes of 7 NZX 50 stocks?

Ryman Healthcare Limited (NZX:RYM)

NZ’s leading provider for retirement homes, Ryman Healthcare Limited, distributed 13.6 cps as the final dividend on 18 June for FY21. Underpinned by record sales during the second half of the year, RYM recorded an underlying profit of NZ$224.4 million for the said period.

Ryman Healthcare rose by 0.15% at NZ$13.09, by the end of the trading session, on 22 July.

Read: How NZX dividend stocks are managing healthy payouts amid low-interest rate scenario

Seeka Limited (NZX:SEK)

Functioning as NZ’s leading orchard-to-market service supplier, Seeka Limited paid a fully imputed dividend of 0.12 cps on 20 March for FY20. Despite battling the pandemic-related challenges, SEK delivered an impressive NPAT of NZ$15.2 million for 2020 and continues to focus on profitable future growth.

The shares of Seeka  ended the trading session, on 22 July, flat at NZ$5.05.

Should Read: What are the 5 most interesting NZX Stock Stories?  FBU, SEK, BLT, MHJ, ZEL

Marlin Global Limited (NZX:MLN)

Operating as an investment company, Marlin Global Limited witnessed a strong 1H21, with net profit amounting to NZ$25.8 million, underpinned by a strong recovery in international equity markets.

The Company is regular in making dividend payments, with quarterly dividends of 2.21 cps and 2.37 cps being paid on 26 March and 25 June, respectively.

At the end of the trading session, Marlin Global was up by 1.26% at NZ$1.610, on 22 July.

Recommended Read: What are the top 10 NZX-listed financial companies?

Freightways Limited (NZX:FRE)

Freightways Limited distributed an interim dividend of 15.5 cps along with a supplementary dividend of 2.74 cps on 1 April.

In its six months results ended 31 December 2020, FRE’s revenue was NZ$410.3 million, owing to solid performances across all its business units.

On 22 July, Freightways was down by 0.24% at NZ$12.490, by the end of the trading session.

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Skellerup Holdings Limited (NZX:SKL)

Manufacturer of industrial and agricultural rubber products, Skellerup Holdings Limited, paid an interim dividend of 6.5 cps on 18 March.

With an outstanding earnings growth across all businesses for the six months ended 31 December 2020, the Company posted a revenue of NZ$136.6 million for the said duration. Moreover, it anticipates delivering FY21 NPAT between NZ$33 million to NZ$37 million.

Skellerup Holdings was up by 0.62% at NZ$4.88 after market close.

Must Read: Which of These Six Stocks Rose or Fell on the NZX Today?

Asset Plus Limited (NZX:APL)

Asset Plus Limited operates in real estate space. Bolstered by unrealised gain on investment property, the Company reported an NPAT of NZ$15.95 million for FY21.

On 11 June, it paid a final quarter dividend of 0.45 cps, thereby bringing the total FY21 dividend to 1.8 cps.

The shares of Asset Plus rose by 1.49% at NZ$0.340, by the end of the market session, on 22 July.

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