Why Are These 6 NZX Dividend Stocks Ideal For Retirement?

In these unpredictable and inflationary times, retirement preparation is more important than ever. Planning for a good retirement may be a difficult endeavour, since it involves careful planning to ensure a person's emotional and financial security. With retirement, comes many obligations and liabilities, such as loan EMIs, insurance payments, and rentals.

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Dividends can provide a regular source of income to investors who are in search for the same. The allure of dividend stocks has grown more recently amid a severe blow to incomes due to COVID-19.

Let’s have a look at these 6 NZX-listed dividend stocks that can be considered for retirement.

Australia and New Zealand Banking Group Limited (NZX:ANZ,ASX:ANZ)

For the six months ended March 31, 2021, ANZ recorded a cash profit of $962 million, up 42% on pcp. It showed a booming house loan industry as well as a significant reduction in credit impairment costs.

The Group is well placed to support New Zealand's economic recovery due to solid cash controls, profitability, and better circumstances.

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ANZ proposed an interim dividend of 70cps, due to be paid on 1 July 2021.

On 28 May, ANZ ended the trading session at $30.69, up 1.22% from its previous close.

Westpac Banking Corporation (NZX:WBC, ASX:WBC)

Westpac reported strong performance in 1H21 with increased cash earnings, growth in mortgages and continued balance sheet strength. The Group posted a net profit of $3,443 million for 1H21, up 189% on 1H20.

The Group also declared the sale of 3 businesses during the period and progressed on strengthening its Asia operations and improving risk governance.

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Westpac declared an interim dividend of 58cps, which will be paid on 25 June 2021.

On 28 May, WBC ended the trading session at $28.15, up 0.82% from its previous close.

Henderson Far East Income Limited (NZX:HFL)

The monthly factsheet for April was provided by Henderson Far East. For the year ended March 31, 2021, the Group indicated that its share price and NAV had increased 25.7% and 22.7% on pcp, respectively.

On 26 May 2021, its NAV (including current financial year revenue items) was 315.6 pence.

On 28 May, HFL ended the trading session at $6.69, up 2.92% from its previous close.

Z Energy limited (NZX:ZEL, ASX:ZEL)

In FY21, Z Energy's historic cost NPAT increased by 165% to $57 million.

On 25 May, ZEL agreed to the terms of The New Zealand Refining Company Limited (NZX:NZR) to modify the refinery to an Import Terminal System.

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ZEL declared a final dividend of 14cps and will be paid on 2 June 2021. RC EBITDAF profits for FY22 are expected to be between $270 million and $310 million, with dividends ranging from 19 cents to 23 cents per share.

On 28 May, ZEL ended the trading session flat at $2.56.

Genesis Energy Limited (NZX:GNE, ASX:GNE)

Genesis Energy stayed resilient and ensured that homes and businesses had consistent access to energy despite falling hydro inflows.

The firm expects EBITDAF to be in the range of $415 million and $425 million in FY21, with a target of lowering emissions by 1.2 million tonnes by 2025.

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On 1 April 2021, Genesis paid an interim dividend of 8.6cps.

On 28 May, GNE ended the trading session at $3.365, down 1.61% from its previous close.

Kathmandu Holdings limited (NZX:KMD,ASX:KMD)

On 26 May, KMD completed refinancing of AU$300 million debt facility that will also include the establishment of a syndicated AU$100-million sustainability linked loan (SLL) facility.

The Group declared an interim dividend of  $2 per share, which will be paid on 4 June 2021. KMD expects to deliver $15 million of annual savings in FY21.

On 28 May, KMD ended the trading session flat at $1.58.

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



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