9 off-the-radar ASX dividend stocks to buy in 2022

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9 off-the-radar ASX dividend stocks to buy in 2022

Dividend stocks
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Highlights 

  • Dividend stocks are popular amongst market participants, and the majority chase for high yield dividend stocks.
  • A dividend is the portion of the net profit which the companies offer their shareholders.
  • DDR, PPT, MND, GUD are a few dividend stocks that can be explored in 2022.

We often see that stocks with high dividend yields get more attention from the market participants. The dividend yield is the amount of money the Company pays its shareholders for owning the shares of the Company. Increased dividend yield indicates good investment opportunities. However, in many cases, higher dividend yield could also be due to falling share price. In either of the above cases, the higher dividend yield stocks catch market attention.

Today, we would look at nine off-the-radar ASX dividend stocks with decent dividend yields with the potential to grow in the coming period.

Dicker Data Limited (ASX:DDR)

Dicker Data Limited is ASX-listed technology hardware, software, and cloud distributor. It was listed on 24 January 2011 and has constantly provided dividends since 2017. It announced an interim dividend of AU$0.09 per share, payable 01 December 2021.

On 26 October 2021, the Company released its Q3 2021 earnings result and reported revenue growth of 16.1% to AU$1,720.4 million and PBT growth of 26% to AU$76.6 million.

9 off-the-radar ASX dividend stocks to buy in 2022

 

The Company acquired Exeed Group on 30 July 2021. Post that, it started significant work towards incorporating the operations of both the Australian and NZ Exeed businesses into the Dicker Data operation. The acquisition has increased its NZ business and is projected to double in size to more than NZ$500 million in annual revenue for FY2022.

 DDR acquired Exeed Group

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DDR closed a tad lower at AU$14.100 per share today.

Perpetual Limited (ASX:PPT)

Perpetual is an autonomous financial services group operating in funds management, financial advisory as well as trustee services. It has been a consistent dividend payer since 2012. It provided a final dividend of AU$0.960 on 24 September 2021.

In the September 2021 quarter, the Company reported a 2.7% growth in asset under management to AU$101 billion. Perpetual Asset Management International’s AUM improved by 2.6% to AU$75.5 billion.

The Company had a positive start in FY2021 and noted constant momentum around the business, and all 4 units reporting strong growth to start the new financial year.

The stock closed a bit higher at AU$36.610 per share today.       

Monadelphous Group Limited (ASX:MND)

Monadelphous Group is a leading Australian engineering group. It offers building, maintenance as well as industrial services to the resources, energy and infrastructure sectors. It has constantly provided dividends since 2012. It offered a fully franked final dividend of AU$0.210 per share on 24 September 2021.

In FY2021, the Company made good progress on its markets and growth strategy despite COVID-19 impacts. It was awarded AU$950 million of new contracts and contract extensions during the period.

 MND awarded contracts

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On 17 November 2021, MND announced that it has secured new contracts and contract extensions in the resources sector of ~AU$110 million. It has secured a 12-month extension to its existing contract with BHP Iron Ore for providing general maintenance services for shutdowns, outages, and minor capital works at the Mt Whaleback, Jimblebar, Eastern Ridge, Mining Area C and Yandi mine sites.

The stock closed 1.182% stronger at AU$9.410 per share today.

G.U.D. Holdings Limited (ASX:GUD)

GUD Holdings Limited owns a portfolio of companies in the automotive aftermarket and water products sectors. It has constantly provided dividends since 2012. It provided a final dividend of AU$0.320 per share on 03 September 2021.  NPAT improved by 31.1% to AU$97.4 million.

RELATED READ: How did GUD Holdings (ASX:GUD) perform in H1 FY21?

On 28 October 2021, the Company announced that it has agreed to acquire the Vision X Group of lighting businesses. The acquisition of this business is in line with part of the Company’s strategy to diversify into new markets. It would also strengthen GUD’s portfolio ambition of building a global niche in automotive lighting.

The stock closed at AU$12.360 per share today.

 GUD to acquire Vision X Group

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Alumina Limited (ASX:AWC)

Alumina Limited invest in bauxite mining and alumina refining via Alcoa World Alumina & Chemicals (AWAC), its JV with Alcoa. The Company has provided dividends consistently since 2014. It offered an interim dividend of AU$0.046 per share on 15 September 2021. In 1H FY2021, the Company achieved record alumina and bauxite production. It noted that its aluminium demand back to pre-COVID levels.

In the September 2021 quarter, the Company reported solid performance by AWC even though production costs remained at higher levels and alumina prices were muted due to high freight costs. Since the closure of September 2021, alumina prices increased from the third quarter average one-month lagged price of AU$292 per tonne to ~AU$480 per tonne.

AWC ended today’s session at AU$1.845 per share.

ALSO READ: 5 low-cost dividend stocks on ASX - AZJ, HVN, CLW, AWC, PDL

Metcash Limited (ASX:MTS)

Metcash is a wholesaler to independent retailers in the food, grocery, liquor, hardware and automotive industries. MTS has been consistent in terms of provided dividends since 2017. It provided a final dividend of AU$0.095 per share on 11 August 2021.

In FY2021, the Company reported record sales driven by strong earnings growth and record operating cash flow. Revenue increased 9.9% to AU$14.3 billion. Group EBIT grew 19.9% to AU$401.4 million and underlying PAT of AU$252.7 million, up 27.1% from the previous corresponding period.

Metcash closed today’s session at AU$4.120, up 0.487%.

Image Info: sales growth

Adbri Limited (ASX:ABC)

Adbri Limited manufacture cement, lime, concrete and aggregates and concrete masonry products. Since 2012, the Company has provided dividends. It offered an interim dividend of AU$0.055 per share.

On 04 November 2021, the Company entered into a deal to acquire Zanows’ Concrete & Quarries business. Other than this, the Company signed a contract to purchase the sand operations of Metro Quarry Group in 50:50 JV with Barro Group.

In 1H FY2021, the Company witnessed an increase in NPAT of 94.5% to AU$56.6 million. Underlying NPAT grew 15.5% to AU$55 million compared to the previous corresponding period.

The stock closed 0.333% lower at AU$3.00 per share on 17 November 2021.

GPT Group (ASX:GPT)

GPT Group is amongst the largest diversified property groups. It owns & manages a portfolio of retail, office and logistics property assets across Australia.

In September 2021 quarter, Office portfolio occupancy increased to 94.3% for stabilised assets. Logistics portfolio increased to AU$4.1 billion. A contract was exchanged during the quarter on the sale of GPT Wholesale Shopping Centre Fund’s Wollongong Central for AU$402 million, in line with book value.

On 18 October 2021, GPT announced the acquisition of a portfolio from Ascot Capital, containing 23 Logistics assets plus one Office asset for AU$681.7 million. The transaction will settle in November 2021. The acquisition will boost the Company’s investment portfolio weighting to the Logistics sector to 26%. Thus, helping GPT to progress closer towards the medium-term goal of ~30%.

Meanwhile, the stock ended 0.788% up at AU$5.110 per share today.

 GPT announced acquisition of a portfolio from Ascot Capital

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Do WATCH: Why IGL, AVN, RMS, HUB, GPT on investors radar today?

Worley Limited (ASX:WOR)

Worley Limited is a global company and offers professional project and asset services in the energy, chemicals and resources sectors. WOR has been a constant dividend payer since 2018. It provided a final dividend of AU$0.250 per share on 29 September 2021. Aggregated revenue declined during the period from AU$11,249million in FY2020 to AU$8,774 million. Statutory NPATA declined from AU$252million in FY2020 to AU$161million in FY2021. Despite these challenges, the Company managed the elements of its business within our control.

Post the end of FY2021, the Company secured multiple contracts. These were:

Meanwhile, the stock ended today’s session at AU$9.830 per share, up 0.4%.

Bottom Line:

While chasing for high dividend yield stocks, we as investors tend to miss a few dividend stocks with high growth potential. The above dividend stocks belong to ASX 200 index but are not amongst the top 25 stocks with respect to high dividend yields and can be explored while looking for dividend stocks.

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