Usually, investors look at a company's dividend yield and take their investment decisions. However, a single-year dividend yield is not the only aspect investors should check. Many investors also prefer companies that have a history of consistent payouts. However, before taking the plunge into exploring dividend stocks, investors must understand companies’ financial footings.
Amid the earning period, let us glance at these top five ASX-listed dividend stocks and evaluate the company performances.
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Cromwell Property Group
Cromwell Property Group (ASX:CMW) is a real estate investment manager company with operations across Australia, New Zealand, and Europe. Cromwell, which owns, invests, and manages commercial property, has recently appointed Patrick Lowe to head the Transactions division for Europe. Lowe started working with the company as a financial analyst 10 years ago. Since then, he has climbed many ladders of success. The team under Lowe will source and execute on and off-market single assets and portfolio deals. Cromwell's extensive European network will be utilised to expand and strengthen the operations.
Moreover, Lowe will also carry forward the previous responsibilities for all the transactions concerning Cromwell European REIT (CREDIT). During the FY20 financial results announcement, the company reported a 13.3% growth in the statutory profit to A$181.1 million. Although the company faced significant challenges, FY2020 distributions rose 3.4% to 7.50 cps. In FY21, Cromwell intends to maintain distributions at the current level of 7.50 cps. However, it is subjected to market conditions. As on February 18, its annual yield stands at 9.03%.
Cromwell Property Group (ASX:CMW) share price closed at AU$0.8200, down 1.205% as on February 18.
IOOF Holdings Ltd
Australian financial services company IOOF Holdings Ltd (ASX:IFL) became profitable in the last five years. In December 2020, the company announced to terminate its ongoing agreement with BT. IOOF plans to transition to other platforms with the cost estimated to be between AU$30 and AU$70 million.
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The company recently announced AU$400 million loss in assets under management. However, favourable market conditions added AU$12.7 billion in the second quarter for IOOF Holdings. The company noted that as it was trying to reconstruct its financial advisory business, it lost accounts worth AU$1.3 billion. As on February 18, its annual yield stands at 8.35%
IOOF Holdings Ltd (ASX:IFL) share price closed at AU$3.320, down 2.736%, as on February 18.
AGL Energy Limited
The leading Australian electricity and gas provider AGL Energy Limited (ASX:AGL) announced its financial results for the first half of the year ended 31 December 2020. The company saw a sharp decline in wholesale electricity prices. Also, the prices for large-scale renewable certificates lowered substantially in recent times. During the first half, the company made progress and became a multi-product retailer with a diversified product range.
AGL also enabled the transition of Australia's energy supply during 1H FY21. The energy generator and retailer invested in flexible storage and generation capacity. Moreover, the company also expanded its decentralised energy activities. AGL reported statutory Loss after-tax at AU$2,287 million and underlying EBITDA of AU$926 million, lowered 13% in the first half of 2020.
Notably, its underlying profit after tax is also down 27%, reaching AU$317 million. On a positive note, AGL announced an ordinary interim dividend of 31 cents per share despite the challenges. Additionally, it will also distribute a special dividend of 10 cents. As on February 18, its annual yield stands at 8.88%.
AGL Energy Limited (ASX:AGL) share price closed at AU$10.150, down 2.028%, as on February 18.
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Fortescue Metals Group Limited
Fortescue Metals Group Limited (ASX:FMG) is one of the leaders in the global iron ore industry. It has mining assets in Pilbara, Western Australia. On 18 February, FMG announced that its revenue for the six months has increased by 44% to US$ 9,335 million. Net profit after tax was recorded at US$4,084 million, up 66%, and remained aligned to the estimated range of US$4 billion to US$4.1 billion.
The company also declared a huge interim dividend of a fully franked AU$1.47 per share, up 93.4% from pcp, and representing a 80% payout ratio of net profit after tax.
As on February 18, its annual yield stands at 7.21%.
Fortescue Metals Group Limited (ASX:FMG) share price closed at AU$ 24.880, up 1.925%, as on February 18.
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Aurizon Holdings Ltd
Aurizon Holdings Ltd (ASX:AZJ) is the largest rail freight operator in the country. The company provides integrated freight and logistics solutions to various entities. The company reported that its total revenue for 1HFY21 had decreased by 2%, reaching AU$1,49 billion. Its underlying earnings before interest and tax is AU$454 million.
A decreased coal volume because of the lowered demand resulted in the decline. The company faced significant COVID-19 impact, and critical trade relations with China impacted its financial results. As on February 18, its annual yield stands at 7.09%.
Aurizon Holdings Ltd (ASX:AZJ) share price closed flat at AU$3.960, as on February 18.