Monthly Dividend Stocks NZ
Build a regular income stream from NZX dividend stocks. Learn which NZ investments pay dividends most frequently.
Important: NZ Dividend Payment Frequency
Unlike US stocks that often pay quarterly, most NZ companies pay dividends semi-annually (twice per year). True monthly dividend stocks are rare on the NZX. However, you can build a monthly income stream by diversifying across stocks with different payment schedules.
How to Create Monthly Dividend Income in NZ
While individual NZ stocks typically pay twice yearly, you can create a monthly income stream by strategically selecting stocks with staggered payment schedules. Here's how:
Strategy 1: Diversify Payment Months
Different companies pay dividends in different months. By owning 6+ dividend stocks with varied schedules, you can receive payments across most months of the year.
- • Spark (SPK) - pays March & September
- • Contact Energy (CEN) - pays March & September
- • ANZ (ANZ) - pays July & December
- • Meridian (MEL) - pays April & September
- • Auckland Airport (AIA) - pays June & December
- • Port of Tauranga (POT) - pays April & October
Strategy 2: Include Quarterly Payers
Some NZ investments pay more frequently than semi-annually. REITs and certain ETFs may pay quarterly distributions.
- • Property trusts (REITs) often pay quarterly
- • Some Smartshares ETFs distribute quarterly
- • Listed investment companies may vary
Check Upcoming Dividend Dates
See exactly when each NZ stock pays dividends with our interactive calendar.
High-Yield NZ Dividend Stocks for Income
These stocks offer the highest dividend yields on the NZX - combine several for regular income
TWR.NZ
Tower Limited
12.63%
Dividend Yield
LIC.NZ
Livestock Improvement Corporation Limited
12.10%
Dividend Yield
SPK.NZ
Spark New Zealand Limited
11.16%
Dividend Yield
FCG.NZ
Fonterra Co-operative Group Limited
9.48%
Dividend Yield
NZM.NZ
NZME Limited
7.86%
Dividend Yield
FSF.NZ
Fonterra Shareholders Fund
7.17%
Dividend Yield
SKT.NZ
SKY Network Television Limited
6.77%
Dividend Yield
MFB.NZ
My Food Bag Group Limited
6.53%
Dividend Yield
SPG.NZ
Stride Property Group
6.43%
Dividend Yield
CNU.NZ
Chorus Limited
6.02%
Dividend Yield
Understanding NZ Dividend Payment Schedules
Why Don't NZ Companies Pay Monthly?
New Zealand companies traditionally pay dividends semi-annually (interim and final dividends) aligned with their half-year and full-year financial reporting periods. This differs from the US market where quarterly dividends are standard. The semi-annual approach reduces administrative costs and aligns with NZ accounting practices.
Dividend Payment Types in NZ
Interim Dividend
Paid after the half-year results, typically in March-April or September-October.
Final Dividend
Paid after annual results, usually 6 months after the interim dividend.
Special Dividend
One-off payments when companies have excess cash, not part of regular schedule.
Tips for Building Monthly Income
- Track payment dates: Use our dividend calendar to see when each stock pays
- Diversify across sectors: Different sectors often have different payment months
- Consider REITs: Property trusts often pay quarterly distributions
- Use a dividend calculator: Plan your expected income with our calculator tool
Frequently Asked Questions
Are there any NZ stocks that pay monthly dividends?
True monthly dividend stocks are extremely rare on the NZX. Most NZ companies pay semi-annually. However, some property trusts (REITs) and ETFs pay quarterly, which is the most frequent payment schedule commonly available in New Zealand.
How can I get monthly dividend income from NZ investments?
Build a diversified portfolio of 6-12 dividend stocks with staggered payment schedules. By selecting stocks that pay in different months, you can create a reliable monthly income stream even though individual stocks pay semi-annually.
Which NZ stocks pay dividends most frequently?
REITs like Goodman Property Trust, Kiwi Property, and Precinct Properties often pay quarterly distributions. Some Smartshares ETFs also distribute quarterly. Most other NZX stocks pay semi-annually (twice per year).
Is monthly dividend investing better than semi-annual?
The total annual return matters more than payment frequency. Semi-annual payments can actually be more tax-efficient and have lower administrative costs for companies. Focus on total yield and dividend sustainability rather than payment frequency alone.
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