WHS, RBD, MCK- 3 dividend stocks under $5 on investors’ watchlist

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WHS, RBD, MCK- 3 dividend stocks under $5 on investors’ watchlist

Dividend stocks
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Highlights

  • Dividend stocks boast making regular distributions to their shareholders
  • The Warehouse Group will pay a dividend of 10.0 cps next week
  • Restaurant Brands New Zealand will reward 32.0 cps as the final dividend

Dividend stocks are those companies that pay a portion of their earnings to their investors on a regular basis, which may be quarterly, half-yearly or annually.

These companies have a strong financial footing and perform relatively well even during rocky market conditions as compared to their peers. Hence, investors, both seasoned as well as beginners, are drawn toward such dividend-paying stocks.

With this background, let us look at the three NZX-listed dividend stocks- The Warehouse Group Limited (NZX:WHS), Restaurant Brands New Zealand Limited (NZX:RBD) and Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK), which are distributing dividends in coming days.

NZ dividend-paying stocks- WHS, RBD, MCK

Source: © Jirsak | Megapixl.com

The Warehouse Group Limited (NZX:WHS)

The Warehouse Group Limited, NZ's famous retail group, announced paying 10.0 cps as an interim dividend on 26 April.

Do Read: MHJ, BGP, WHS - 3 NZX retailers in focus as card spending rises

Its H1 FY22 reported its NPAT stood at NZ$50.4 million, and the gross profit was recorded at NZ$599.6 million, amid the half-year marked by supply chain disruptions and increased ocean freight costs.

Nonetheless, WHS looks optimistic for the remainder of FY22.

At the time of writing on 20 April, WHS was climbing by 0.32% at NZ$3.180.

Restaurant Brands New Zealand Limited (NZX:RBD; ASX:RBD)

Restaurant Brands New Zealand Limited, the famous operator of quick service and takeaway restaurants, has announced a final dividend of 32.0 cps, payable on 22 April.

The Company saw a 69.3% growth in its reported NPAT, amounting to NZ$51.9 million for FY21, owing to continuous growth across all its divisions even during the time of crisis.

Also Read: RBD, GSH: Hospitality stocks in news amid calls for lesser curbs

Its Annual Shareholders’ Meeting will be held on 26 May, and RBD is focused on growth and looks forward to additional store openings by the end of FY22.

At the time of writing on 20 April, RBD was down by 0.30% at NZ$13.250.

Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK)

Millennium & Copthorne Hotels New Zealand Limited will distribute 3.5 cps as a final dividend to its shareholders on 13 May.

Its FY21 PAT stood at NZ$40.0 million, majorly on account of property development activities and a one-off gain from the sale of land.

MCK is hopeful of an improved FY22 performance owing to the resumption of international travel and the completion of some additional projects in 2022.

At the time of writing, on 20 April, MCK was trading flat at NZ$2.470.

Related Read: SCT, MCK: 2 NZX stocks under $5 declaring dividends in May

Bottom Line

Dividend stocks ensure a steady flow of income. Hence, investors generally set aside a certain portion of their investment portfolios for these stocks.

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