A List Of ASX Stocks That Don't Pay Dividends Into NZ Bank Accounts

You'll need an Australian bank account to get dividends from these companies

After taking the time to analyse these ASX stocks and invest in them to be part of my dividend portfolio, I then find from the registrar that they won’t pay dividends into NZ bank accounts. This isn’t ideal for me because I don’t have an Australian account and don’t want to get one. This means that no matter how attractively priced these stocks are, they aren’t investable for me because I’m really only interested in buying right priced stocks that produce sustainable dividends that grow above the rate of inflation.

So far on my list, I have:

• ASX:KPG

• ASX:SPZ

• ASX:NCK

Despite maintaining my positive outlook, I’m ditching my recently purchased SPZ and KPG at a small loss due to this frustrating fact.

If any readers are aware of a way to determine whether a stock is unwilling to pay dividends to an NZ bank account or has their own list of such stocks that they’d be willing to share, please leave them in a comment and I’ll update this article for the convenience of everyone in the same boat.

Thanks!