In a country like Australia where interest rates are kept very low, the dividends stocks are very important for the investors to earn steady payments. Let’s take a look at few Dividend stocks that are trading on ASX.
Super Retail Group Limited (ASX: SUL)
One of Australia’s leading retailer, Super Retail Group Limited (ASX: SUL) earned revenue from ordinary activities of $1,403.2 million for the 26-week period ended 29 December 2018. Further, the company reported profit from ordinary activities of $71.7 million, down by 0.7% as compared to the previous corresponding period (pcp). On 28 March 2019, the company paid a distribution of AUD 0.2150 per ordinary share for a six-month period ending 29 December 2019.
Recently, the company’s directors Mr. Anthony Michael Heraghty acquired 417 ordinary shares of the company for a total consideration of $3,156.69.
In the past six months, the company’s share price increased by 11.66% as on 26 April 2019. SUL’s shares last traded at $8.380 with a market capitalization of circa 1.64 billion as on 29 April 2019. The stock is having a dividend yield of 5.88%.
Sydney Airport (ASX: SYD)
In March 2019, Sydney Airport (ASX: SYD) experienced a decline of 3.8% and 3.4% in its International and Domestic passenger numbers, respectively. For 2018, the company paid a full year distribution of 37.5 cents per stapled security. On 14 February 2019, the company paid a final distribution of 19.0 cents. In 2019, the company is expecting to pay a distribution of 39.0 cents.
In FY 2018, the total passengers increased by 2.5% and total revenue increased by 6.8% on pcp. 2018 was a successful year for Sydney Airport with International passenger growth at 4.7%.
In the past six months, the company’s share price increased by 20.50% as on 26 April 2019. SYD’s shares last traded at $7.610 with a market capitalization of circa 17.24 billion as on 29 April 2019. The stock is having a dividend yield of 4.91%.
Westpac Banking Corporation (ASX: WBC)
In the first quarter of FY 2019, Westpac Banking Corporation (ASX: WBC) reported an unaudited statutory net profit of $1.95 billion and Unaudited cash earnings of $2.04 billion. Although 2018 financial year has been exceptionally difficult for the banking industry, WBC reported 2% revenue growth in FY 2018. Further, the company reported a net profit of $8,095, up 1% on pcp.
On 20 December 2019, the company paid final, fully franked dividend of 94 cents per share, taking the total 2018 dividends to 188 cents per share representing a payout ratio of 80 percent of cash earnings.
In the past six months, the bank’s share price increased by 6.86% as on 26 April 2019. WBC’s shares last traded at $27.580 with a market capitalization of circa 95.64 billion as on 29 April 2019. The stock is having a dividend yield of 6.78%.
It is very important for investors to keep a close eye on Dividend stocks as these stocks reduce the risk for the investors while providing steady cash streams.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.