The political environment in New Zealand is stable with a government which is committed to the economy growth. The investment in business and property both are encouraged with no restriction on ownership by overseas residents except in some limited instances requiring Overseas Investment Office (OIO) consent. The country's positioning geographically and politically offers safety and stability. The uncertain global economy in these certain times makes 'brick and mortar' investments a more secure option. While investing in New Zealand stock market, you should focus on Briscoe Group Limited which is one of the best New Zealand dividends stocks.
Briscoe Group Limited
It is a New Zealand-based, non-trading holding company. It is also considered as a retail chain of New Zealand which has 90 stores throughout New Zealand trading under the Briscoes Homeware, Living & Giving, and Urban Loft & Rebel Sport nameplates. As well as bricks and mortar stores in all New Zealand cities and most major provincial towns in the country, the Group sells its products online through its websites.
Its wholly owned subsidiaries are Briscoes (New Zealand) Limited, the Sports Authority Limited and the Rebel Sport Limited. The Briscoes Limited is engaged in homeware retail. Over the 150 years since its business was trading in Dunedin, the company has become an iconic brand of New Zealand for quality branded homeware. It has stores in nationwide, Briscoes Homeware supplies quality and competitively priced homeware to the New Zealand market. Today the company is considered as one of the best high yield dividend New Zealand stocks.
The Briscoes business established in Wolverhampton, England in the year of 1781 and steadily expanded into the British Colonies such as Australia & New Zealand. In 1862 the first Briscoes warehouse and store established on the corner of Princes and Jetty streets in Dunedin, New Zealand. In 1973 Australia and New Zealand operated Briscoes purchased by Merbank Corporation of Australia and in 1977 hagemeyer of the Netherlands purchased Briscoes New Zealand. In 1990 the company bought by the RA Duke Trust, which was established by Rodney Adrian Duke.
In the year of 1991 the company hired Berry to overseas the expansion and renovation of the Briscoes retail stores. The first Rebel Sport store was opened in 1887 outside of Auckland. The company was listed on the New Zealand Stock Exchange in 2001. In 2003 Retailing interests total 30 Briscoes stores and 17 Rebel Sport stores. The company had celebrated its 150 years in business in 2012.
In the Annual meeting 2013 the company broadcasted that directors have resolved to pay a final dividend of 7.00 cents per share (cps), completely imputed. After added to the interim dividends of 4.00 cps that carried the full dividend for the year to 11.00 cps, representing 77% of the Group's tax paid earnings. The Group has paid out 78% of tax paid earnings in normal dividends and 100% when the special dividend is included throughout the last four years. The company is currently paying a dividend yield of 4.79% and has a market capitalization of 515.65 Million.
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