Would 5 NZX dividend stocks prove to be wealth builders?

Highlights 

• Dividends provide a steady source of income to investors.
• Genesis paid a final dividend of 8.8cs on 8 October 2021.
• Z Energy will pay an interim dividend of 7cps on 8 December 2021.

Companies allot a portion of their earnings to qualified shareholders. This portion is called dividends. Dividend-paying companies are often the biggest and well-established players in the market with a good track record of earnings.

Dividend investing gives investors a steady source of income that can be used to reinvest in the stock market, retirement and other long-term goals.

Let’s have a look at how these 5 NZX dividend stocks are performing.

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Spark New Zealand Limited (NZX:SPK; ASX:SPK)

Spark declared annual meeting results on 5 November. The annual meeting was held online, and shareholders voted on three resolutions.

ALSO READ: Are these NZX dividend payers going ex in November?

For the second half of FY21, Spark issued a 12.5cps dividend, bringing the total distribution to 25cps.

Would 5 NZX dividend stocks prove to be wealth builders

On 15 November, SPK ended the trading session at $4.49, down 0.88% from its previous close.

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

ANZ announced on 12 November that it has planned to neutralise the effect of share allocation under DRP concerning the final dividend of 2021. Shares of nearly $204 million are likely to be procured on-market to fulfil commitments.

RELATED READ: Are there any cheap NZX dividend stocks under NZ$5?

The DRP pricing period began on 12 November and concluded on 25 November. As a result, ANZ paid a dividend of $845 million in June 2021.

On 15 November, ANZ ended the trading session at $29.45, up 0.24% from its previous close.

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

Genesis has selected leading solar farms developer and renewable energy platform FRV Australia as its JV partner to provide nearly 500MW of solar capacity in the next 5 years. The Group also notified recently that Maury Leyland Penno will be stepping down from his position as the Director on 10 December 2021.

Genesis paid a final dividend of 8.8cps on 8 October 2021, taking the FY21 dividend to 17.4cps.

On 15 November, GNE ended the trading session at $3.16, up 1.28% from its previous close.      

Z Energy limited (NZX:ZEL,ASX:ZEL)

Z Energy appointed Julian Hughes as General Manager Supply on 9 November. The Group confirmed that the last day of David Binnie in Z will be 31 December 2021.

The Group will pay an interim dividend of 7cps on 8 December 2021.

ALSO READ: Are these 5 unstoppable NZX dividend stocks set to outgrow market?

On 15 November, ZEL ended the trading session at $3.6, up 0.28% from its previous close.   

Heartland Group Holdings Limited (NZX:HGH; ASX:HGH)

Heartland notified on 1 November that holders would be permitted to get 1 fully paid ordinary share in the Group for every performance right held by them. The notification was given under Heartland’s performance rights plan 2022 tranche subject to conditions.

HGH Board paid a final dividend of 7cps on 15 September, taking the total dividend to 11 cps.

On 15 November, HGH ended the trading session at $2.32, down 1.28% from its previous close.       

Bottom Line  

Dividend payments help investors in providing an intuition into the inherent value of the company.

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