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Investing Abroad - Five Best New Zealand Stocks

|Includes: BGR, CDI, BlackRock MuniYield Quality Investment Fund (MFT)

The stock market in New Zealand is the premier equities board and is a home to many of New Zealand's best known brands. There are more than 200 listed issuers and many of New Zealand's long-established heritage companies, and a number of overseas companies. They are cornerstone companies of the NZX and New Zealand's economy. The country can be also profitable for investors to invest their money. They can get good income and high returns on their stocks. Below are some Best high yield dividend New Zealand stocks that might be suitable for a globally diversified portfolio.

Mainfreight Limited (NZE: MFT) -

Mainfreight Limited is a New Zealand based trucking and logistics firm with businesses 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 operates in the domestic supply chain and international freight industries. Its subsidiaries include Daily Freight (1994) Ltd, Owns Transport Ltd, Mainfreight International Ltd, Owns Group Ltd and Mainfreight Distribution Pty Ltd.

It has a market capitalization of 995.19 Million, EPS is 0.80, P/E ratio is 12.58 and the dividend yield is 2.59% at the annual dividend payout of 0.12.

CDL Investments New Zealand Limited (NZE: CDI) -

CDL Investments New Zealand Limited is a New Zealand-based company. It is engaged in the development and sale of residential land properties. The company strives to produce high quality residential sections that create an excellent quality of life with minimal impact on the environment and community. It is a subsidiary of Millennium & Copthorne Hotels New Zealand Limited. CDL Land New Zealand Limited is the company's wholly owned subsidiary.

The company has a market capitalization of 155.79 Million, EPS 0.03, P/E ratio is 16.59 and the dividend yield is 2.93% at the annual dividend payout of 0.02.

Hellaby Holdings Limited (NZE: HBY) -

Hellaby Holdings Limited is an investment company which owns a diversified portfolio of New Zealand and Australia industrial, distribution and retail business. The company operates in six segments: Automotive division, Equipment division, Footwear division, packaging division, Diversified division, and corporate division which includes Hellaby Holding Limited, the parent company for investment in Group companies and equity accounted investment company Energy Intellect Limited, and a metering and Communications Company. In April 2013, the company acquired 85% interest in Contract Resources Holdings Ltd.

It has a market capitalization of 215.98 Million, EPS is 0.24, P/E ratio is 12.07 and the dividend yield is 4.56% at the annual dividend payout of 0.05.

Smiths City Group Limited (NZE: SCY) -

Smiths City Group Limited is a New Zealand-based holding company. It has a dedicated team of friendly knowledgeable staff. The company operates in three segments: Retail segment which includes the retailing of consumer electronic products, kitchen appliances, home heating solutions, home furnishings and sporting goods through the Smiths City. The second segment is Property, which includes Smiths City Properties Limited and third is Consumer finance includes the provision of finance by Smithcorp Finance Limited to support the retailing operation.

The company has a market capitalization of 32.14 Million, EPS is 0.08, P/E ratio is 7.27 and the dividend yield is 5.74% at the annual dividend payout of 0.01.

Briscoe Group Limited (NZE: BGR) -

Briscoe Group Limited is a holding company based in New Zealand. It has 90 stores throughout New Zealand. The company provides management services to its subsidiaries. It operates in two segments: Homeware and Sporting Goods. The company's wholly owned subsidiaries include Briscoes limited, which is engaged in Homeware retail, The Sports Authority Limited, Rebel Sport Limited and Living and Giving Limited.

It has a market capitalization of 555.59 Million, EPS is 0.14, P/E ratio is 18.67 and the dividend yield is 4.23% at the annual dividend payout of 0.07.

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