10 Dividend Stocks with Dividend Yield of Over 10%  

10 Dividend Stocks with Dividend Yield of Over 10%  

Dividend stocks are the companies that pay regular dividends to their shareholders. These companies are usually well established with a sound record of distributing their profits as a dividend to shareholders. Dividends are paid by the companies as per the pre-set corporate policy by its board of directors and distributed in the form of cash, additional stocks or other types of property.

Companies are also grouped by the size of dividend they pay to their shareholders or the dividend yield, which measures the dividend size against the recent share price of the stock. Investing in dividend stocks is a great way of creating slong-term wealth.

Interesting Read: How To Avoid Dividend Traps; A Must For Income-Oriented Investors In 2020

Let us look at 10 ASX listed dividend paying stocks with annual dividend yield of more than 10 per cent, as on 3 January 2020.

Hillgrove Resources Limited (ASX: HGO)

Hillgrove Resources Limited is a mining company, focused on the development of its flagship Kanmantoo Copper Mine and related regional exploration targets in South Australia.

The company paid a fully franked dividend of 1.5 cents per fully paid ordinary share on 28 June 2019. The dividend was paid for the 12-month period ended 31 December 2018. The annual dividend yield of the stock stands at 25.42 per cent, with a PE multiple of 1.700x.

The HGO stock closed the day’s trading on 3 January 2020 at $0.061, up 3.39 per cent from its previous closing price, with a market cap of $34.55 million. The stock delivered a negative return of 19.18 per cent in the past six months and a negative return of 1.67% on a year to date basis.

ARQ Group Limited (ASX: ARQ)

ARQ Group Limited, founded in 1996, is a leading digital solutions provider. The company, which was previously known as Melbourne IT Group, is engaged in developing as well as managing innovative channels to perform marketing for number of largest enterprises in the country.

ARQ paid an interim 100 per cent franked dividend of 3.5 cents per ordinary share and a final dividend of 4.5 cents for 2018. The stock has an annual dividend yield of 18.18 per cent.

On 3 January 2020, the ARQ stock traded flat at $0.385, with a market cap of $47.02 million. The stock has produced a negative return of 40.77 per cent in the past six months and a positive return of 1.32 per cent on a year to date basis.

Universal Coal Plc (ASX: UNV)

Universal Coal Plc is focused on building a profitable mid-tier coal mining company and has a portfolio of producing, exploration and development assets located across the major coalfields of South Africa.

UNV paid a dividend of 1 cent per share on 5 December 2019, with ex-dividend date of 5 September 2019. The stock has an annual dividend yield of 12.24 per cent.

On 3 January 2020, the UNV stock traded flat at $0.245, with a market cap of $128.01 million. The stock has delivered a negative return of 19.67 per cent in the past six months and a positive return of 4.26 per cent on a year to date basis.

WPP Aunz Ltd (ASX: WPP)

WPP Aunz Ltd, formerly known as STW Communications Group Limited, is engaged in advertising and diversified communications operations.

WPP paid an interim dividend of 2.3 cents per share to its shareholders on 3 October 2019, with ex-dividend date of 25 September 2019. The dividend distributed was 100 per cent franked and the stock of WPP Aunz Ltd has an annual dividend yield of 11.45 per cent.

With a market cap of $468.68 million, the WPP stock inched upward by 4.545 per cent to close at $0.575 on 3 January 2020. The stock has delivered a positive return of 2.80 percent in the past six months and 1.85 per cent on a year to date basis.

Evans Dixon Limited (ASX: ED1)

Evans Dixon Limited provides high quality financial advice for institutional, corporate and private clients. The company employs more than 550 people in Melbourne, Canberra, Brisbane, Sydney and New Jersey.

ED1 paid a fully franked dividend of 3 cents per share on 11 October 2019 for the six-month period ended 30 June 2019, with ex-dividend date of 1 October 2019. The annual dividend yield of the stock stands at 11.11 per cent.

The ED1 stock last traded at $0.970 on 3 January 2020, down 2.02 per cent from its last close. The stock has delivered a positive return of 26.92 per cent in the past six months 5.32 per cent on a year to date basis.

Alumina Limited (ASX: AWC)

Alumina Limited owns 40 per cent of the world’s largest alumina business, through which it injects funds in alumina refining and bauxite mining, as well as few aluminium smelting programs.

AWC paid a fully franked dividend of 6.529 cents per share to its shareholders on 12 September 2019, with ex-dividend date of 28 August 2019. The dividend was paid for a period of six months, ended 30 June 2019.

The stock has an annual dividend yield of 11.36 per cent, as on 3 January 2020. On the day, the AWC stock last traded at $2.280, down by 0.87 per cent from its last close. The stock has delivered a negative return of 4.17 per cent in the past six months and a negative return of 2.13 per cent on a year to date basis.

Whitehaven Coal Limited (ASX: WHC)

Whitehaven Coal Limited is a leading premium quality coal producer in Australia, operating four mines and aiding developed and emerging economies in Asia with its product.

The company paid a dividend of 30 cents per share related to a period of six months to 30 June 2019 on 19 September 2019, with ex-dividend date of 5 September 2019. As on 3 January 2019, the stock has an annual dividend yield of 10.89 per cent.

The year to date and past six months returns of the WHC stock stand at -1.58 per cent and -26.03 per cent, respectively. On 3 January 2020, the stock closed the day’s trade at $2.650, representing an increase of 3.113% from its last close.

Shriro Holdings Limited (ASX: SHM)

SHM is a leading distributor and manufacturer of home appliances and consumer electronics in New Zealand and Australia. The company is also engaged in providing after sales service and offers products under its own brands.

Shriro Holdings Limited, which has an annual dividend yield of 10.07 per cent, paid a fully franked dividend of 4 cents per share on 23 September 2019 for six-month period to 30 June 2019, with ex-dividend date of 3 September 2019.

On 3 January 2020, the SHM stock last traded at $0.685, a drop of 1.439 per cent from its last close. The stock has produced a positive return of 24.11 per cent in the past six months and a positive return of 28.70 per cent on a year to date basis.

Stanmore Coal Limited (ASX: SMR)

Stanmore Coal Limited is an independent coal company, with exploration and operations projects in the Surat and Bowen Basins.

SMR paid a dividend of 8 cents per share on 31 October 2019, which was 100 per cent franked. The dividend paid had an ex-dividend date of 30 October 2019.

With an annual dividend yield of 10.33 per cent, the stock last traded at $1.075 on 3 January 2020, up by 0.939 per cent from its last close. The stock has produced a negative return of 25.78 per cent in the past six months and a positive return of 1.43 per cent on a year to date basis.

Regional Express Holdings Limited (ASX: REX)

Regional Express Holdings Limited provides air services for the transportation of passengers and freight. The company segments include charter and regular public transport services.

REX paid a dividend of 8 cents per share to its shareholders on 16 October 2019 for a period of 12 months to 30 June 2019. The company has an annual dividend yield of 10.17 per cent.

On 3 January 2020, the REX stock closed the day’s trade at $1.190, up by 0.847 per cent from its last close. The stock has produced a negative return of 13.24 per cent in the past six months and a positive return of 0.85 per cent on a year to date basis.


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