5 ASX Stocks with Yield Over 5%

Summary

  • Dividend shares have gained investors’ interests during the pandemic.
  • Many blue-chip stocks often prove beneficial to investors due to high dividends, especially when interest rates are at an all-time low.
  • 5 ASX listed dividend shares are: AusNet Services Ltd, APA Group, Pendal Group Ltd, Origin Energy and Growthpoint Properties Australia Ltd.

Dividend shares are popular among Australian investors. Most ASX traders make it a point to add certain dividend stocks in their portfolio, including many blue-chip stocks. With near zero interest rates, dividend shares are a great alternative to turn to.

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Here are 5 ASX dividend stocks with yield over 5%:

AusNet Services Ltd. (ASX: AST)

The energy services provider owns and operates the Victorian electricity transmission network. AusNet is engaged in the provision of energy products and services to various businesses, government, communities, and households. These include advanced management solutions that enable community energy hubs as well as solar mini grids.

The company, in its full year results for the period ending 31st March 2021, announced a total dividend of 9.5 cps, franked to 40%. Despite the challenging year, AusNet drew in revenue worth AUD 1,924.5 million and a net profit after tax (NPAT) of AUD 302.1 million.

The company suffered a dismal performance in the stock market after the release of its financial results. AusNet’s share price fell by 7% within a single day post the announcement.

AusNet is a growing business, and the coming months could be extremely significant for energy firms owing to the new measures being taken towards zero carbon initiative. This could mean upcoming changes in the firm and a move towards creating more sustainable energy.

APA Group (ASX: APA)

Another energy firm on the list is APA Group, a natural gas provider connecting sources of supply and markets across Australia. APA also has interests in gas storage facilities and renewable energy generation. The company manages a portfolio of assets worth over AUD 22 billion while providing half of the nation with gas.

The company has been paying a growing distribution for over 15 years. Due to the large coverage offered by APA, the company enjoys consistent demand each year. In the announcement of its interim results APA rolled out a dividend of 51 cents per unit. However, APA saw declines in its revenue and EBITDA during the half year period.

The gas operator recently partnered with Origin Energy (ASX: ORG) and finalized a deal to expand its east coast gas grid. The move would commence the expansion of transportation capacity by 25%, linking Queensland with southern markets.

Pendal Group Ltd. (ASX: PDL)

Pendal is an investment firm with more than AUD 100 billion worth of investments in business. Pendal announced that it entered an agreement to fully acquire Thomson Siegel & Walmsley. The acquisition is valued at USD 320 million and would be funded through a combination of equity, debt, and existing capital.

For the half year ending 31st March 2021, the company drew in Statutory Net Profit After Tax of AUD 89.9 million. This was a massive increase of 64% over previous corresponding period. Additionally, an interim dividend of 17 cps, 10% franked was announced by the firm. This was 13% higher than previous corresponding period.

Pendal has also witnessed certain managerial changes as its CEO stepped down after 11 years in the role.

ALSO READ: Pendal Group’s (ASX:PDL) funds under management rise in December

Origin Energy Ltd. (ASX:ORG)

The clean energy provider is engaged in moving towards a science-based emissions reduction target. Origin has signed up to follow the first seven commitments including factoring carbon costs, reducing carbon pollutants, and removing deforestation.

The total revenue for HY21 was around AUD 3,601 million while the gross profit during the period was AUD 503 million. The interim unfranked dividend of 12.5 cents per share was announced in the half year report.  In a move towards adopting greener initiatives, the company announced a new collaboration in a green hydrogen project.

Green hydrogen is the process separating hydrogen molecules from water. The hydrogen thus acquired is liquified for export and for power generation. The company’s involvement in the green hydrogen would be a bonus for the company’s financial performance as well as the company’s share price.

RELATED READ: Why is Clean Energy Council not pleased with federal budget?

Growthpoint Properties Australia Ltd. (ASX: GOZ)

Growthpoint is a REIT company that has been in the business for over 11 years. The company holds investments in two arenas: industrial and office properties throughout Australia. Growthpoint has a total property portfolio value of AUD 4.3 billion.

The company announced its half yearly results for 1H21. The profit after tax for the period was AUD 205.8 million. This was a 1.9% increase over previous corresponding period. The company also announced funds from operation of 12.7 cents per share, an increase of 0.8% over pcp.

Growthpoint also reported that the value of its industrial portfolio increased by AUD 50.2 million or by 3.9%. The dividend announced on the report was 10 cents per share, which was 15.3% lower than the previous corresponding period.

Growthpoint recently sold its leasehold interest in two NSW properties for an amount of AUD 66.1 million. The company plans to use to use the proceeds from the sale to repay debt. Growthpoint’s office portfolio is leased out to government, listed or large corporate tenants.

DO NOT MISS: Here Are Three ASX Stocks With Dividend Yield Around 7%

Other high-dividend stocks include Fortescue Metals Group Ltd. (ASX: FMG), AGL Energy Ltd. (ASX: AGL), Harvey Norman Holdings (ASX: HVN), Aurizon Holdings Ltd. (ASX: AZJ) and Parenti Global Ltd. (ASX: PRN).


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