5 Hot NZX Penny Stocks who are Dividend Payers as well

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5 Hot NZX Penny Stocks who are Dividend Payers as well

 5 Hot NZX Penny Stocks who are Dividend Payers as well
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  • Michael Hill International discloses changes in its Board.
  • Geneva Finance announces 67% enhancement in its pre-tax profit.
  • Tower reveals sound half-year performance due to its prudent cost management approach.
  • Radius Residential Care declares its first-ever financial result backed by solid business operations.

Small investors and traders are attracted to venturing into penny stocks because of their low-price and potential rewards. But if these penny stocks turn out to be dividend paying, it is a boon to the small-time investors.

Source: Copyright © 2021 Kalkine Media

Here’s a compilation of the 5 NZX-listed penny stocks, which are rewarding their shareholders with dividend payouts.

Michael Hill International Limited (NZX:MHJ)

The international jewellery chain, Michael Hill International Limited, this month announced the retirement of its Chairperson, Emma Hill, who will step down on 28 June. She would be replaced by Rob Fyfe as the Company’s new Chairperson.

Also, its CEO, Daniel Bracken, will assume the position of Managing Director towards the end of this month.

Moreover, MHJ had paid an interim dividend of AU 1.5 cps on 26 March as the Company witnessed strong sales and profit growth in its half-year results ended 31 March 2021.

On 8 June, at the time of writing, Michael Hill International was trading flat at NZ$0.900.

Read: Why These 5 Growth NZX Stocks Are Catching Your Attention

Geneva Finance Limited (NZX:GFL)

The New Zealand-based company, Geneva Finance Limited, offers both finance as well as financial services to its customers. It saw a significant lift of 67% in its group pre-tax profit worth NZ$6.9 million, mainly on account of enhanced contributions across all its business segments for the year ended 31 March 2021.

GFL had declared a final dividend of 2.5 cps, payable on 10 June.

On 8 June, at the time of writing, Geneva Finance was trading flat at NZ$0.640.

Also Read: 5 NZX Stocks Buzzing with Annual Reports - CGF, GFL, IKE, NTL, BFG

Tower Limited (NZX:TWR)

Tower Limited provides fire and general insurance. Due to its prudent cost management approach and growth, the Company reported a profit of NZ$12 million for the six months ended 31 March 2021.

Moreover, it has given an underlying NPAT guidance between NZ$25million to NZ$27 million for FY21.

TWR announced a dividend of 2.5 cps payable in mid-July this year.

On 8 June, at the time of writing, Tower was trading flat at NZ$0.750.

Must Read: 4 NZX growth stocks that can draw investors’ attention in June 2021

Asset Plus Limited (NZX:APL)

The real estate company, Asset Plus Limited, recently reported an NPAT of NZ$15.95 million along with a capital raise of NZ$60.2 million during the year ended 31 March 2021.

Moreover, the Company secured the prestigious project of the development at Munroe Lane, Albany, which would greatly help in repositioning its existing portfolio.

APL would pay a Q4 dividend of 0.45 cps on 11 June.

On 8 June, at the time of writing, Asset Plus was trading flat at NZ$0.320.

Recommended Reading: Earnings Season: 5 NZX Stocks Declare Results

Radius Residential Care Limited (NZX:RAD)

Operating as a healthcare company, Radius Residential Care Limited, provides residential aged care facilities.

In its first annual financial result, since being listed on the NZX, the Company delivered a stunning FY2021 performance due to the continued solid growth of its business operations. It reported a record revenue of NZ$126 million and an underlying EBITDA of NZ$23.4 million.

RAD would distribute a gross, fully imputed final dividend of 0.89 cps on 21 June this year.

On 8 June, at the time of writing, Radius Residential Care was trading down by 1.10% at NZ$0.900.


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