Ten stocks with an Annual Dividend Yield of over 7%

  • Nov 15, 2019 AEDT
  • Team Kalkine
Ten stocks with an Annual Dividend Yield of over 7%

The method by which a company’s earnings are distributed to the shareholders is termed as “dividend”. Dividend yield shows the return on investment in the form of dividends each year. A high dividend yield means the return on investment is more for each dollar of invested capital. The dividend yields on the Australian Securities Exchange are presently extremely high, from historical perspective; however, the investor must be careful of just blindly investing in high dividend-yielding companies. The dividend yield of the company is calculated as the total dividends paid over the prior year, divided by the current share price.

The increasing dividend yield might be because of two possible reasons:

Firstly, the company is earning more money because of which it decides to pay a part of its earnings to the shareholders.

Secondly, if the share price of the company tumbles down, the dividend yield might grow, which might indicate that the stock of the company is cheap, or the company is in severe difficulty.

Let us have a look at the ten stocks with dividend yield of more than 7 percent.

Alumina Limited (ASX: AWC)

Alumina Limited is a leader amid resource entities in the Australian region. AWC is the owner of 40 per cent of the western part of world’s biggest alumina business AWAC, a well-known industry leader.

AWC paid a dividend of USD 0.044 (for the period closed 30 June this year) on 12 September 2019, and the ex-dividend date was of 28 August 2019. The declared dividend/distribution was 100 per cent franked, and the stock has an annual dividend yield of 10.57 per cent.

On 15 November 2019, AWC stock last traded at $2.48, up by 0.405 percent from its last close. The stock has produced a positive return of 10.27 percent in the past 30 days duration.

AMP Limited (ASX: AMP)

AMP Limited is an Australian Securities Exchange listed company, which provides asset management products, pensions, retirement planning, insurance and other diversified financial services.

AMP will pay a dividend of $1.0497 for one quarter (closed on 22 December 2019) on 23 December 2019, with an ex-dividend date of 12 December 2019. The declared dividend/distribution is 100 per cent franked, and the stock has an annual dividend yield of 7.12 per cent.

On 15 November 2019, the stock of AMP last traded at $2.020, up by 2.799 percent from its last close. The AMP’s stock has produced a positive return of 17.66 percent in the past 30 days duration.

Yancoal Australia Limited (ASX: YAL)

Yancoal Australia Limited is the biggest pure coal producer of the nation. The company operates 5 mines in NSW and has around 50 per cent share in Middlemount joint venture.

YAL paid a fully unfranked dividend of 10.35 cents on 20 September 2019 (for the period closed 30 June this year) with an ex-date of 5 September 2019. The stock has an annual dividend yield of 8.86 per cent.

On 15 November 2019, the stock last traded flat at a price of $2.970. The YAL’s stock has produced a negative return of 2.30 percent in the past 30 days duration.

Bank of Queensland Limited (ASX: BOQ)

Bank of Queensland Limited is one amid the leading regional banks and provider of banking solutions & services.

Bank of Queensland will pay fully franked ordinary dividend of 31 cents for the six months period (closed 31 August this year) on 27 November 2019, with an ex-dividend date of 6 November 2019. The stock has an annual dividend yield of 7.58 per cent.

On 15 November 2019, BOQ stock last traded at $8.620, marginally up by 0.583 percent from its last close. The stock has produced a negative return of 11.65 percent in the past 30 days duration.

Whitehaven Coal Limited (ASX: WHC)

Whitehaven Coal Limited is a leading and largest independent coal producer in North West, NSW.

Whitehaven Coal paid 50% unfranked dividend of 30 cents for the six months period (closed 30 June this year) on 19 September 2019, with an ex-dividend date of 5 September 2019. The stock has an annual dividend yield of 8.89 per cent.

On 15 November 2019, WHC stock last traded flat at $3.15. The stock has produced a negative return of 2.17 percent in the past 30 days duration.

Spark Infrastructure Group (ASX: SKI)

Spark Infrastructure Group has essential service infrastructure businesses. Spark Infrastructure paid 100 percent unfranked dividend of AUD 0.075 for the six months period (closed 30 June 2019) on 13 September 2019, which had an ex-dividend date of 3 September 2019. The stock has an annual dividend yield of 7.56 per cent.

On 15 November 2019, SKI stock last traded at $2.090, rising by 1.951 percent from its last close. The stock has produced a negative return of 1.44 percent in the past 30 days duration.

Z Energy Limited (ASX: ZEL)

Z Energy limited (ASX: ZEL) delivers fuel to both retail and commercial consumers like airlines, shipping entities and vehicle fleet operators. ZEL also delivers bitumen to roading contractors. ZEL’s head office is situated in Wellington, New Zealand.

The Z Energy will pay a 100 percent unfranked dividend of NZD 0.19411765 for the six months period (closed 30 October 2019) on 10 December 2019 and has an ex-dividend date of 21 November 2019. The stock has an annual dividend yield of 8.79 per cent.

On 15 November 2019, ZEL stock last traded at $4.970, dipping by 0.996 percent from its last close. The stock has produced a negative return of 5.82 percent in the past 30 days duration.

New Hope Corporation Limited (ASX: NHC)

South East Queensland headquartered New Hope Corporation Limited is majorly Australian owned and managed diversified energy entity. It has business interests in exploration, agriculture, oil, coal mining etc.

New Hope Corporation paid the 100 percent franked dividend of AUD 0.090 related to the period of twelve months (closed 31 July 2019) on 5 November 2019. It had an ex-dividend date of 21 October 2019. The stock has an annual dividend yield of 7.83 per cent.

On 15 November 2019, NHC stock last traded at $2.210. The stock has produced a negative return of 5.24 percent in the past 30 days duration.

Zimplats Holdings Limited (ASX: ZIM)

Zimplats Holdings Limited is a mining company engaged in the exploration work and produces platinum group metals in Zimbabwe region. Registered in Guernsey, ZIM is a limited liability entity, listed on ASX since 1998.

Zimplats Holdings paid 100% unfranked dividend of USD 0.41807 related to the period of twelve months (closed 30 June 2019) on 26 September 2019. It had an ex-dividend date of 11 September 2019. The stock has an annual dividend yield of 7.98 per cent.

On 15 November 2019, ZIM stock last traded at $11.100. The stock has produced a positive return of 4.07 percent in the past 30 days duration.

Southern Cross Media Group Limited (ASX: SXL)

Southern Cross Media Group Limited is one of the biggest entertainment entities of Australia, with a reach of above 95 percent of Australia’s population via its television, radio and digital assets.

Southern Cross Media paid 100 per cent franked dividend of $0.040 relating to the period of six months (closed 30 June 2019) on 8 October 2019, and it had an ex-dividend date of 6 September 2019. The stock has an annual dividend yield of 8.71 percent.

On 15 November 2019, SXL stock last traded at $0.910. The stock has produced a negative return of 22.94 percent in the past 30 days duration.


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