Why To Consider 5 Hot NZX Dividend-Paying Stocks For Retirement?

Summary

  • Retirement is an important milestone in everybody’s life, and one should ensure a constant income source for themselves and family.
  • Scott Technology witnessed a strong H1 FY21 result with an increased revenue.
  • Despite travel restrictions and lockdowns, Kathmandu Holdings posted an impressive 1H FY21 performance.

People work hard in their prime and plan for a smooth retirement during old age.

After retirement, most people want to pursue their dreams like travelling around the world, pursuing hobbies, or just being at peace with themselves.

However, one thing which bothers them constantly is the lack of steady flow of income after retirement, which becomes the biggest concern, and to achieve that they want to invest wisely.

While investing in stock markets, one can put aside a part of their income or earnings in those stocks which are low-risk and guarantee a regular, as well as a reliable income even after one has retired from the active work life.

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Let us now look at the 5 NZX-listed dividend-paying hot stocks that are beneficial for the retirees.

Scott Technology Limited

Scott Technology Limited (NZX:SCT) announced an interim dividend of 2.0 cps, to be paid on 10 May 2021, along with the Dividend Reinvestment Plan, which has been set at NZ$2.4791 per share.

Scott Technology witnessed a strong H1 FY21 result with revenues at $104.5 million, up 5%, and EBITDA stood at NZ$11.2 million. The Company’s NPAT was recorded at NZ$4.7 million during the period.

It continues to focus on its systems, technology, products, and service to enhance the Company’s values.

On 7 May, at the time of writing, Scott Technology was trading up by 0.38% at NZ$2.610.

Must Read: 4 NZX Industrial Stocks You Can’t Ignore Easily - RAK, SCT, SKL, FRE

CDL Investments New Zealand Limited

New Zealand-based entity CDL Investments New Zealand Limited (NZX:CDI), a company in real estate development activities, has notified on the final dividend of 3.5 cents per share, which will be paid on 14 May 2021.

The Company recently agreed to sell its3.8320 hectares of land located in Wiri to Fernbrook Property, settlement of which would be done in January 2022. The sale proceeds would be used for future land acquisitions and growth.

It is noted that CDI witnessed a remarkable performance with its PAT standing at NZ$30.1 million in 2020, even under times of uncertainties. Also, its shareholders' funds climbed to NZ$257.1 million towards the end of 2020 as compared to NZ$235.5 million recorded in 2019.

On 7 May, at the time of writing, CDL Investments was trading flat at NZ$1.090.

Must Read: Top 4 NZX Dividend Stocks To Keep An Eye On This Year- WHS, SCT, CDI, KMD

Just Life Group Limited

Just Life Group Limited (NZX:JLG) had paid an interim dividend of 1.0 cps to its shareholders on 19 March 2021.

In its H1 FY2021 results, the Company’s after-tax earnings were reported at NZ$1.6 million, up 16% on pcp.

JLG is rapidly eying at strategic future acquisitions to enhance its brand value. With its recent acquisition of The Cylinder Guy and the proposed acquisition of About Health’s businesses, the Company is all set to augment its growth and increase its shareholder’s value.

On 7 May, at the time of writing, Just Life Group was trading flat at NZ$0.970.

Also Read: Stocks Garnering Attention Ahead Of The ANZAC Day- OCA, MCY, JLG, GSH, VGL, MPG

Summerset Group Holdings Limited

Summerset Group Holdings Limited (NZX:SUM) paid a final dividend of 7.0 cps to its shareholders on 22 March 2021.

The Company reported NZ$98.3 million as an annual underlying profit for 2020. Its NPAT rose by 32% at NZ$230.8 million and total assets climbed to NZ$3.9 billion, up 17% towards the end of 2020.

Moreover, SUM delivered 356 new units in 2020 as compared to 354 units delivered in FY19.

On 7 May, at the time of writing, Summerset Group was trading down by 0.90% at NZ$12.170.

Do Read: What’s Moving AIR, AFT, SUM, RAD Stocks on The NZX Today?

Kathmandu Holdings Limited

The retailer functioning in both Australia and New Zealand, Kathmandu Holdings Limited (NZX:KMD; ASX:KMD) is all set to pay  2.0 cents per share to its stakeholders as an interim dividend/distribution on 4 June this year.

In spite of travel restrictions and lockdowns, the Company has posted an impressive 1H FY21 performance. Its consolidated NPAT climbed tremendously to NZ$22.3 million as compared to NZ$7.6 million in 1H FY20. Also, KMD’s sales rose to NZ$410.7 million during the period.

Both its brands- Rip Curl and Oboz achieved strong sales thereby, increasing the profitability as well as brand value of the Company.

On 7 May, at the time of writing, Kathmandu Holdings was trading up by 0.66% at NZ$1.530.


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