WBC, ANZ, JPG: Take a look at 3 dividend stocks of May 2022

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WBC, ANZ, JPG: Take a look at 3 dividend stocks of May 2022

 WBC, ANZ, JPG: Take a look at 3 dividend stocks of May 2022
Image source: Eviart, Shutterstock.com

Highlights

  • Many companies in NZ announced their dividends recently
  • These companies have a consistent dividend-paying history
  • ANZ, WBC and JPG have their ex-dividend dates in May

Several companies announced their ex-dividend and payment dates in May. Some have their record dates in early May and some later in the month. Let’s look at some of these companies that have rewarded their shareholders with good dividends.

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

It is an Australian bank but operates in New Zealand as well. It has a market cap of AU$82.29 billion with high profits in recent times. It announced an interim dividend of 72.00cps with the ex-dividend date of 9 May. The payment date for the dividend is 1 July. The Group has been paying two dividends consistently to its shareholders every year. For FY21, the Bank paid a total dividend of 142 cps and has a dividend yield of 7.4%. On 1 April, ANZ announced a JV with a leading European payments provider, Worldline.

Good Read: : Nearing retirement? 4 NZX dividend stocks to explore: WBC, ANZ FPH & SPK

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Related Read: Top 15 NZX Stocks by dividend yield for 2022

On 12 May 2022, the stock was trading down by 0.86% at NZ$27.80, at the time of writing.

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Westpac Banking Group (NZX: WBC, ASX:WBC)

WBC is the top Australian bank with big operations in New Zealand. The Bank’s market capitalisation is AU$84.90 billion and is Australia’s oldest bank. It announced an interim dividend of 61 cps recently. The ex-dividend date is 19 May, and the payment date is 27 June for the dividend. Imputed credits on this dividend are 8 cps and the yield works out to be 5.18%.

It has a consistent dividend-paying history. Only in 2021, it paid one dividend, otherwise, it has been rewarding its shareholders with two dividends every year.

On 9 May, it posed its half-year results, whereby it reported a cash profit of NZ$635 for the six months till 31 March. It is a 9% rise over previous half year due to gains from the sale of its insurance business. The sale of Westpac Life added a major gain of NZ$126 million to its financial performance.

Also Read: WBC: ANZ: How did 2 banking stocks perform in their half-year results?
Related Read: WBC AIR: How are these socially responsible companies faring on NZX?

On 12 May 2022, the stock was trading down 1.87% at NZ$26.75, at the time of writing.

JP Morgan Global Growth & Income PLC (NZX:JPG)

JPG is a financial company that rewarded its shareholders with an interim dividend of 4.24 cps with the ex-dividend date of 26 May. It has an imputation credit attached to it and the payment date for the dividend is 26 May 2022. The dividend yield works out to be 3.56% on it.

Earlier, it announced an interim dividend of 4.24 cps with no imputation credit attached to it. The dividend was paid in April and the ex-dividend date for it was in March.

On 12 May 2022, the stock was down 1.37% at NZ$8.65, at the time of writing.

Bottom Line: Dividend stocks are favoured by risk-averse investors. However, dividend stocks also must be chosen carefully after assessing a company’s profile with care.

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