Why to explore 3 hot NZX dividend stocks in June 2021?

Summary

  • Underpinned by revaluation gains, Arvida Group announced a record profit for FY21.
  • With a solid growth momentum and a steady focus on its strategic priorities, Kiwi Property Group enters FY22.
  • Steered by a strong recovery from the coronavirus pandemic, Kingfish announced handsome returns to its shareholders.

The year 2021 is much more stable than the turbulent year of 2020, which was severely hit by the fatal COVID-19 bug.

However, with the economic recovery underway, companies are witnessing growth and are grooving with confidence for the year ahead. As a result, they are rewarding their investors with impressive dividends.

Source: Copyright © 2021 Kalkine Media

Amid the given scenario, let’s do a deep dive into 3 hot NZX-listed dividend stocks that are worth looking at in June 2021.

Arvida Group Limited (NZX:ARV)

One of NZ’s leading providers for aged care facilities and retirement villages is Arvida Group Limited. Owing to significant revaluation gains, the Group posted an IFRS NPAT of NZ$131.1 million for FY21, up 207% on pcp.

The gross proceeds arising from both new sales as well as resales rose 13% to NZ$227.4 million during the period, mainly on accounts of increased positive sentiments towards retirement village lifestyle.

The Group has declared a 4Q dividend of 1.5 cps, payable on 10 June, thus bringing the total FY21 dividend to 5.35 cps.

On 11 June, at the time of writing, the shares of Arvida Group were trading up by 1.10% at NZ$1.830.

Read: New Zealand’s 6 stock market news one should not miss - NZL, ARV, MCY, VTL, SKC, ANZ

Kiwi Property Group Limited (NZX:KPG)

Operating for more than 25 years in the real estate space, Kiwi Property Group Limited reported an NPAT of NZ$196.5 million for FY21.

Underpinned by significant growth in its investment properties and steady economic conditions in the second half of the year, KPG recorded a NZ$99.8 million rise in its fair value property movement.

It has announced a final dividend of 2.95 cps to be distributed among its shareholders on 24 June.

On 11 June, at the time of writing, the shares of Kiwi Property Group fell by 0.42%, at NZ$1.185.

Do Read: Weekend Wrap: 4 Most Traded NZX Stocks This Week

Kingfish Limited (NZX:KFL)

NZ-based investment company Kingfish Limited, driven by a solid recovery of its main portfolio stocks, declared a record full-year performance for the period ended 31 March 2021.

Its NPAT rose to an impressive figure of NZ$142.7 million as compared to the preceding year's NZ$1.7 million, which was marred by the effects of the pandemic.

As a result, the Company has rewarded its shareholders with strong returns of 3.60 cps as dividend to be paid on 25 June this month.

On 11 June, at the time of writing, the shares of Kingfish rose by 0.50% at NZ$2.010.

Don’t Miss: 5 Most Discussed NZX Dividend Stocks To Explore In the Wake of Budget 2021

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