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Highlights
- Dividend stocks boast of distributing regular dividend payments even during market turbulence.
- The Warehouse Group to pay 10.0 cps as a dividend next month.
- Spark New Zealand announces the distribution of an interim dividend worth 12.5 cps.
Dividend-paying stocks are known for regularly rewarding their investors, thus helping them in increasing their wealth in the long run. Despite rocky market conditions, these stocks remain consistent in distributing payouts, underpinned by strong company fundamentals.
As a result, investors are always on the outlook for such stocks and try to fit these into their investment portfolio.
Having said that, let us look at three NZX dividend stocks trading for less than $5, which are enticing investors.
Source: © 2022 Kalkine Media® data source- EODHD/Others
The Warehouse Group Limited (NZX:WHS)
The Warehouse Group Limited, NZ's leading retailer, is going to pay an interim dividend of 10.0 cps on 26 April.
Underpinned by the strength of its product range and strong online shopping experience, WHS’s HY22 Group sales stood at NZ$1,730.0 million.
Do Read: WHS (NZX:WHS) profits dip in first half, here’s why
The Group is looking optimistic for the year ahead owing to the opening of the country's borders and the return of international tourists.
At the time of writing on 30 March, WHS was down by 0.31% at NZ$3.230.
Spark New Zealand Limited (NZX:SPK; ASX:SPK)
One of the country’s largest telecom providers is Spark New Zealand Limited, which is rewarding its shareholders with 12.5 cps as an interim dividend on 8 April for H1 FY22.
Must Read: SPK, CNU, VTL- 3 NZX telcos to watch out for
Steered by a standout performance in the mobile section, its revenue grew by 5.2% to $1,890 million, and NPAT jumped by 21.8% to NZ$179 million during the said period.
The Company has confirmed dividend guidance of 25.0 cps and has given an EBITDAI guidance between NZ$1,130 million to NZ$1,160 million for FY22.
At the time of writing on 30 March, SPK was gaining by 0.88% at NZ$4.610.
KMD Brands Limited (NZX:KMD; ASX:KMD)
KMD Brands Limited is a well-known outdoor, lifestyle and sports company, which will distribute an interim dividend of 3.0 cps on 30 June.
Bolstered by strong sales growth in online and wholesale channels in 1H FY22, the Company’s sales were recorded at NZ$407.3 million, while its underlying EBITDA stood at NZ$10.2 million.
Also Read: BGP, KMD, WHS: 3 retail stocks in news as heavy rains wreak havoc
Demand for its products continues to remain at record levels and the Company is well prepared for the remaining part of the year.
At the time of writing on 30 March, KMD was trading flat at NZ$1.350.
Bottom Line
New Zealand hosts some world-famous and well-established companies which are regular in paying dividends and are fundamentally sound.