New Zealand is a small country and but has the largest companies that are traded on its stock exchange, the NZX would not be considered large in countries like US or UK. There are many companies in New Zealand that would be considered to be microcap stock in the United States. Investors should invest in New Zealand dividend stocks because it has no capital gains tax. It means that investors do not need to pay any tax when they sell their investment in New Zealand for a profit. In New Zealand, shares can bought or sold over the internet for a fee of around NZ$30. The liquidity is much lower than in most stock markets. Here I am sharing some of the Best dividend stocks in New Zealand.
Fletcher Building (NZE: FBU) –
Fletcher Building Limited is the largest listed company in New Zealand. This is a building materials manufacturer and has 19,200 employees globally and over 50 business operating under the Fletcher building banner. The company operates in seven segments: building products, Concrete, Construction, and Distribution, Laminates, Panels and steel. The company’s stock price has improved a long way from $6 to above $8.
It has a market capitalization of 5.69Billion, EPS is 0.28, P/E ratio is 30.19 and the dividend yield is 4.09%.
New Zealand Oil & Gas Limited (NZE: NZO) –
New Zealand Oil & Gas Limited is exploration and Production Company in New Zealand that develops oil and gas fields and produces petroleum products and natural gas. During the end of fiscal year June 30, 2012, it produced 2.86 PJ of sales gas, 12,500 tons of LPG and 269,000 barrels of light oil. In December 2011, the company acquired an interest in the Ki saran production sharing contract, with the purchase of 90% shareholding in pacific Oil and Gas Limited.
The company has a market capitalization of 351.26M, P/E ratio is 13.72, EPS is 0.06 and the dividend yield is 10.47% for March 2013.
Infratil Limited (NZE: IFT) –
This is New Zealand based company of infrastructure investment. The company was founded by Lloyd Morrison, a Wellington based merchant banker. It owns several airports, electricity generators and retailers and a public transport business. It is operating in New Zealand, Australia and Europe. the company has six segments: trust power, Wellington International Airport, NZ Bus, Infratil Energy Australia, Infatil Airports Europe and other investments less financing, management and other corporates costs. The principal investment in corporate is the interest in Z energy.
The company has a market capitalization of 1.38 Billion, P/E ratio is 21.83, EPS is 0.11 and the dividend yield is 3.48%.
Mainfreight (NZE: MFT) –
Mainfreight Limited is a New Zealand based global supplier of logistics and trucking. It is operating in 214 branches throughout New Zealand, Australia, the Netherlands, Belgium, France, Poland, Romania, Russia, Finland, China, Hong Kong, Singapore, Chile and the United States. The company provides a range of logistics services, which include Managed Warehousing, Domestic Distribution, Metro and Wharf cartage and International Air and Sea Freight operations to its customers.
The company has a market capitalization of 1.09 Billion, P/E ratio is 13.82, EPS is 0.80 and the dividend yield is 2.36% for March 2013.
It is simple that investors invest their money to make more money. Investing in the High dividend paying stock New Zealand can give them dividend income and capital growth. If a company is growing or increasing its profit over time, the share price will definitely increase and investors will get a good return on their investment.