Why to explore 10 hot NZX-listed dividend stocks in July 2021?


  • Dividends are instrumental to investors for they could provide a secured income source.
  • During the coronavirus pandemic, when interest rates are slumping, dividend-paying stocks are providing a boost to the investors' confidence levels.
  • With the containment of the pandemic within its borders, NZ companies are back in recovery mode and distributing dividends to their shareholders.

With interest rates hitting a low during COVID-19 period, investors have turned towards dividend-paying stocks, which could provide a stable income, as well as ensure long-term growth.

Moreover, with 2021 being much more stable than its disastrous antecedent, economies all around the world are looking optimistic and brimming with confidence.

Despite the hurdles coming up due to the resurgence of the coronavirus pandemic in parts of the world, global economies are steadily going back on their trajectory of economic revival.

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

On the New Zealand front, the nation has successfully contained the spread of the monster virus. As a result, NZ companies are rewarding their shareholders with impressive dividend payouts for having faith and standing with them during the testing times.

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With the given background, let us skim through 10 dividend-paying NZX stocks worth exploring in the month of July.

Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)

First on the list is the world-renowned respiratory care manufacturer Fisher & Paykel Healthcare Corporation Limited. The Company had witnessed an extraordinary year, with its FY21’s NPAT climbing by 82% to NZ$524 million and revenue for the hospital product group being recorded at $1.50 billion.

On 7 July, FPH will pay a final dividend of 22.0 cps to its shareholders.

On 5 July, at the closing bell, Fisher & Paykel Healthcare Corporation rose by 0.66% at NZ$30.660.

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JPMorgan Global Growth & Income Plc (NZX:JPG)

The UK-based JPMorgan Global Growth & Income Plc invests in global stock markets to provide superior returns to its shareholders. Despite a tumultuous last year, the Company has navigated successfully and posted a +6.0% as its NAV for the year ended 30 June 2020.

On 9 July, JPG will distribute a final dividend of 3.290 pence per share to its shareholders.

Moreover, the Company has notified that its closed period in line with MAR will begin from 20 August 2021 till the announcement of its annual results for the year ended 30 June 2021.

The results are anticipated to be published around 20 September 2021.

On 5 July, the shares of JPMorgan Global Growth & Income dropped by 0.92% at NZ$8.600.

Templeton Emerging Markets Plc (NZX:TEM)

Coming up next is another investment company, Templeton Emerging Markets Plc. After the initial shock of the coronavirus pandemic, equity markets began to recover, and TEM posted a solid NAV total return of +54.5% for the year ended 31 March 2021. As a result, TEM paid an interim dividend of 5.0 pence per share along with a special dividend of 10.0 pence per share to its shareholders.

TEM will now pay 14.0 pence per share as the final dividend on 15 July.

Templeton Emerging Markets closed the market session flat at NZ$20.140, on 5 July.

Read: Look at these 5 interesting NZX Dividend stocks going Ex in June 2021

Tower Limited (NZX:TWR)

Next, we would be looking at Tower Limited, which is NZ’s insurance-based company. With a growth and considerable reduction in its management expenses, the Company reported a sound half-year profit of NZ$12 million for the six-month period ended 31 March 2021.

Due to sufficient profits, TWR will pay its shareholders 2.5 cps as a dividend on 14 July.

The shares of Tower were down by 3.38% at NZ$0.715, on 5 July, at the end of the trading session.

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T&G Global Limited (NZX:TGG)

T&G Global Limited is known for marketing and exporting fresh produce. Underpinned by the excellent performance from its Apple business and acquisition of Freshmax New Zealand in April 2020, the Company’s operating profit for 2020 clocked NZ$32.4 million.

TWR has announced a payment of 2.5 cps as an interim dividend on 14 July.

On 5 July, at the closing bell, T&G Global remained unchanged at NZ$2.990.

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Scales Corporation Limited (NZX:SCL)

Scales Corporation Limited has announced the final dividend of 9.50 cps, payable on 9 July. Bolstered by its diversified agribusiness strategy, the Company posted a power-packed performance for 2020, with revenue of NZ$470.7 million and an underlying EBITDA of $53.9 million.

On 5 July, the shares of Scales Corporation hiked by 0.43% at NZ$4.650, by the end of the trading session.

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Mainfreight Limited (NZX:MFT)

Following that, we have Mainfreight Limited, which is New Zealand’s leading transport and logistics company. The Company’s decentralised leadership structure, along with its effective approach, undermined the adverse effects of the pandemic, thereby resulting in revenue amounting to NZ$3.54 billion for the year ending 31 March 2021.

MFT will distribute its shareholders, dividend worth 45.0 cps on 16 July.

On 5 July, Mainfreight jumped by 4.10% at NZ$80.000, at the end of the market session.

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Turners Automotive Group Limited (NZX:TRA)

Turners Automotive Group Limited will give the final dividend of 6.0 cps to its shareholders on 28 July, thereby bringing the total FY21 dividend to 20.0 cps. Driven by its strong business response, digital strategy and rigorous cost management, the Company delivered an NPAT NZ$26.9 million for FY21 and expects a further improved result in FY22.

On 5 July, Turners Automotive Group dipped by 0.22% at NZ$4.480, at the end of the trading session.

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The Bankers Investment Trust Plc (NZX:BIT)

Coming up next is UK-based investment company, The Bankers Investment Trust Plc. The Company will pay an interim dividend of 0.538 pence per share on 31 August, with the ex-dividend date of 29 July.

Despite the challenging circumstances, the Company's UK portfolio delivered impressive results for the half-year period ended 30 April 2021, with NAV for the said duration recorded at 17.4% as compared to pcp (-3.2%).

On 5 July, The Bankers Investment Trust rose by 0.43% at NZ$2.310, at the market close.

Must Read: 6 NZX Stocks That Flourished And Dwindled Today- BIT, BRM, CGF, BLT, RUA, CDI

F&C Investment Trust PLC (NZX:FCT)

Topping the stocks list is another investment company, F&C Investment Trust PLC. Underpinned by its sustainable business practices and the resilience shown by the Company, FCT’s NAV clocked 12.3% for 2020.

The Company has announced the final dividend of 3.0 pence per share payable on 2 August, with ex-dividend date being 15 July.

F&C Investment Trust climbed by 0.84% at NZ$16.850, at the end of the trading session, on 5 July.

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