3 ASX-listed blue-chip dividend shares for this week

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Highlights

  • Investors generally look for stocks with the potential to provide a steady stream of income over time in the form of a dividend.
  • A dividend yield is used as a parameter to assess the stock which suits their needs.
  • BHP, Coles and SEEK are a few good options to look at.

Investors generally look for stocks with the potential to provide a steady stream of income over time in the form of a dividend. A dividend yield is used as a parameter to assess the stock which suits their needs. A dividend yield is defined as a financial ratio which is employed to determine how much dividend is paid by a company relative to its stock price.

Here are 3 ASX-listed blue-chip dividend shares for this week:

BHP Group Ltd (ASX:BHP)

BHP Group is a global resources company with key operations as an iron ore miner and oil player. Shares of the ASX 200’s second-largest constituent by market capitalisation have been under pressure since the mid of August on account of a steep fall in prices of iron ore.

Since hitting record highs in early August, BHP shares are now around 30% down from all-time high levels. At the current share price, the company is down 11.4% in 2021.

However, oil prices have touched their multi-year highs in recent weeks due to an increase in demand. It has offset some of the losses due to iron ore’s price decline.

BHP’s profit from operations increased by 80% to US$25.9 billion in FY2021.

                     

3 ASX-listed blue chip dividend shares for this week

 

Investors looking for opportunities in fundamentally strong but beaten-down stocks can look at BHP group as an option. Based on the last closing of AU$37.93, BHP stock has a yield of 10.4%.

Coles Group Ltd (ASX:COL)

Coles Group is an ASX-listed supermarket specialist. The supermarket giant enjoys a strong position in the sector and also an attractive valuation compared to rival Woolworths Group. Based on Coles’ current share price of AU$17.83, the company has a yield of 3.4% for investors.

In FY 2021, the company delivered a 3.1% rise in sales to AU$38,562 million and a 7.5% surge in net profit after tax (NPAT) to AU$1,005 million.

The company’s management expects enough growth potential going forward. It also sees scope in its online business. Based on these two factors, the company is expected to announce solid earnings and dividend growth over the 2020s.

Source: © Kiosea39   | Megapixl.com

SEEK Ltd (ASX:SEK)

SEEK is an Australia-based operator of online employment classifieds, education, and training.

The company reported a record EBITDA of AU$474 million, up 15% from the prior corresponding period in its FY2021 full-year results. The revenue also rose by 1% to AU$1.59 billion through continued operations.

Under its FY22 guidance, SEEK expects EBITDA to be in the range of AU$425 million to AU$450million. The revenue is expected to be in the range of AU$950 million to AU$1 billion. NPAT is expected to be in the range of AU$190 million to AU$200 million.

The company is expected to do well as COVID-19 restrictions are being lifted gradually.

Based on SEEK’s current share price of AU$32.82, the company has a yield of 0.61% for investors.

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