Would these 5 NZX dividend stocks make one richer through 2022?

Highlights

  • Dividend stocks are the companies that pay out regular dividends to their shareholders.
  • The Warehouse Group will pay a final dividend of 17.5cps on 3 December 2021.
  • Meridian Energy will pay a final dividend of 11.2cps on 15 October 2021. 

Dividend stocks are the shares that make regular distributions to their shareholders and prove to be a useful source of income. Dividend stocks are the companies that are well established and have a strong track record of distributing their earnings.

Let’s skim through 5 NZX dividend stocks that can be considered by investors.

5 NZX dividend stocks, mkt cap, YTD returns

Image source: © 2021 Kalkine Media, Data source- Refinitiv

South Port New Zealand Limited (NZX:SPN)

South Port NZ, NZ’s southernmost deepwater port, reported a 13.6% rise in profit after tax to $10.71 million in FY21. The Group’s bulk cargo volumes showed an improvement of 5.9% with container numbers also rising by 13.3%.

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SPN will pay a final dividend of 27cps for FY21 on 9 November 2021. The Group’s directors are attempting to maintain the current level of dividend payments.

SPN ended the day 1.93% in red to close at $9.16.

The Warehouse Group Limited (NZX:WHS)

The Warehouse Group, an NZ retailer, announced Sarah Kearney as its Chief Digital Officer on 4 October. She was working as the Tribe Lead for customer engagement and Sarah will replace Michelle Anderson.

WHS delivered record results in FY21, with a 164.6% rise in reported NPAT and a 7.6% increase in sales during the period on FY20. The Group will pay a final dividend of 17.5cps on 3 December 2021.

WHS ended the day 0.25% in red to close at $4.01.

Briscoe Group Limited (NZX:BGPASX:BGP)

An NZ-based retailer, Briscoe Group, posted a 69.63% increase in NPAT and a 22.8% increase in sales revenue to $47.46 million and $358.42 million for the 6 months ended 1 August 2021. Gross margins also enhanced due to superior analysis and the management of the promotional activity.

DO READ: 5 NZX retail stocks to consider before 2022

BGP paid an interim dividend of 11.5cps on 14 October 2021.

BGP ended the day 0.43% in red to close at $6.9.

Meridian Energy Limited (NZX:MELASX:MEZ)

Meridian maintained customer growth momentum in 2021 but ran into tough drought conditions that reduced MEL’s generation levels. Group’s EBITDAF and Underlying NPAT were down by 15% and 27% on pcp in 2021, respectively.

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Meridian will pay a final dividend of 11.2cps on 15 October 2021, taking the full-year dividend to 16.9cps.

MEL ended the day 2.2% in red to close at $4.9.

Skellerup Holdings Limited (NZX:SKL)

Skellerup announced a 38% rise in NPAT to $40.2 million for the year ended 30 June 2021. The overall growth in earnings has been due to SKL’s focus on working closely with key customers to offer engineered products used in a variety of important products.

The Group will pay a final dividend of 10.5cps on 15 October 2021, taking the total dividend to 17cps.

Skellerup will conduct its annual meeting on 27 October 2021.

SKL ended the day 1.15% in red to close at $6.04.

Bottom Line

More focus should be on identifying long-term dividend stocks with stable income streams and strong dividend track record.

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

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