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The S&P/ASX 200 opened 14.9 points lower on Wednesday, 24 February 2021. At the time of writing, the benchmark index slid further 0.5% around 12 PM (AEDT). The US stock market that closed flat on Tuesday, 23 February 2021, may have a ‘Domino Effect’ on the Australian stock exchange.
Source: Copyright © 2021 Kalkine Media Pty Ltd.
Interesting Read: How will Australian companies fare in terms of dividend?
Amid the gloomy market, let us examine how the following high dividend yielding resource stocks are doing today.
- AGL Energy Limited (ASX:AGL)
AGL Energy deals in electricity generation and supply, gas retailing and renewable energy services. AGL was trading at $9.69 at around 12 PM (AEDT), down 3.77% from its previous close. In December 2020, the Company released an updated earnings guidance, lowering it to $500-580 million for FY21. The fire accident at the Liddell Power Station also impacted the company’s performance along with revenue. AGL has announced a dividend of $0.41 per share for the first half of FY21, scheduled to be paid on 26 March 2021. The annual dividend yield is 9.13% for the Company.
- Fortescue Metals Group Ltd (ASX:FMG)
Riding high on strong demand for iron ore during the 2H of 2020, the Company has immensely benefitted from its base metal exports. Fortescue announced a dividend of $1.47 per share for the first half to be paid on 24 March 2021. The current annual yield of the stock is 9.98%. The stock was trading at $24.7 today with a minor drop of 0.56% around 12 PM (AEDT).
Fortescue has delivered more than 33% in return to its shareholders in the last three months.
Source: Copyright © 2021 Kalkine Media Pty Ltd.
- Rio Tinto (ASX:RIO)
The mining behemoth was trading at $127.59 with a drop of 1.8% in its share price. The Company has a market cap of $48.25 billion as of 24 February 2021. Its underlying EBITDA was $23.9 billion for the year 2020, 13% more than the 2019 level. Total dividend for the year stood at $5.171 per share. The 2020 final dividend and the special dividend are due for payment on 15 April 2021. The current annual dividend yield for the mining giant is around 5.64%. RIO has provided a return of 24% to its shareholders in the last three months.
- Origin Energy (ASX:ORG)
Origin Energy was trading at $4.65 with a minor gain of 0.02 cents today around 12 PM. The Company has announced a dividend of $0.125 per share with a pay date of 26 March 2021. The current annual dividend yield of the Company is 4.85%.Origin’s revenue for 1H of FY21 was $6.068 billion. Profit during the first half of the financial year was $13 million, down by 98% from 1H of FY20.
