Here Are Three ASX Stocks With Dividend Yield Around 7%

Summary

  • Dividend stocks in an investment portfolio enables consistent income, especially during uncertain times.
  • Many ASX-listed companies have been consistent dividend payers and declared dividends despite pandemic challenges in the first half of FY21.

Dividend stocks in an investment portfolio generate passive income for investors. Including such stocks often give shareholders a sense of security about their investment. In the current market conditions, investors continue to explore dividend stocks which could help them in keeping a margin of safety or a profit cushion on an investment. 

Good read: These 10 ASX dividend stars deserve your attention!

Image source: © Kiosea39 | Megapixl.com

Dividend paying companies are mostly large-cap companies with proven track records. They distribute some of their profits to investors in the form of dividends.

On that note, let us discuss few ASX-listed companies that have recently paid dividend. All these companies have attractive dividend yields. 

Also read: 5 Hot Dividend Stocks On The ASX

AGL Energy Limited (ASX:AGL)

AGL Energy Limited (ASX:AGL) operates Australia’s largest electricity generation portfolio. The company is also the largest ASX-listed investor in renewable.

AGL remains highly committed to its sustainability goals. The utilities company is focused on delivering lower-carbon, reliable, affordable, and innovative energy solutions.  

  • Its large-scale solar projects, including Nyngan Solar Plant and Broken Hill Solar Plant in NSW are significant for Australia's sustainable energy supply.
  • The company's other assets include the biggest wind farms in the Southern Hemisphere, which play an important role in AGL's generation portfolio and are a vital source of renewable energy.
  • The company also has natural gas assets, which are safe and reliable energy sources. Natural gas from coal caters to more than 30% gas needs of Australia.
  • AGL's hydroelectric and thermal energy assets also play significant parts in the company's goal.

Also read: AGL Energy (ASX:AGL) To Recognise Charges in H1; Here’s why

Dividend: For the first half of FY21 ended 31 December 2021, the company unveiled an interim ordinary dividend of 31 cents per share and a special dividend of 10 cents per share. The dividend with a record date of 25 February was paid on 26 March 2021.

Must read: AGL Energy (ASX:AGL) Beefs up Battery Plan to Increase Grid Reliability Across NEM

AGL was trading at AU$9.100 on 5 May 2021 (AEST 1:06 PM), up by 0.330%. The market capitalisation stood at AU$5.65 billion. It has an annual dividend yield of 10.14%.

Harvey Norman Holdings Limited (ASX:HVN)

Main activities of Harvey Norman Holdings Limited (ASX:HVN) comprise franchise, digital, property and retail. The company is an iconic name among Australian retailers and boasts of 57 franchised complexes in NSW, 38 in Victoria, 36 in Queensland, 18 in WA, 10 in South Australia, one in the Australian Capital Territory, two in the Northern Territory and six in Tasmania. 

The brands sold through these complexes are the market leaders in the technology and audio-visual segment.

The company offers unparalleled retail services with cutting-edge technology, extensive product range and market leadership in the main product categories.

Dividend - HVN announced an ordinary fully paid dividend of 20 cents per share for the first half of FY21. The dividend with a record date of 1 April was paid on 3 May 2021.  

On 5 May 2021 (AEST 1:11 PM), HVN was trading at AU$5.260, up by 0.573% from its last close. The company's market capitalisation stood at AU$6.51 billion. It has an annual dividend yield of 7.26%.

Also read: Harvey Norman (ASX:HVN) Clocks Record H1 Numbers, Positive Momentum Continues

Perenti Global Limited (ASX:PRN

Image source: © Shariqkhan | Megapixl.com

Perenti Global Limited (ASX:PRNis based in Australia, with offices and operations across 11 countries. The company is engaged in some of the world's biggest mining projects. The business is focused on offering certainty and enduring value to the clients, and it has a global workforce of nearly 8,000 people.

Dividend - PRN announced an ordinary fully paid dividend of AU$0.035 with a record date of 17 March for the six months ended 31 December 2020. The dividend was paid on 7 April 2021.

The current annual dividend yield of the company is 6.69%.

Must read: Why Perenti (ASX:PRN) reported first half loss

On 5 May 2021 (AEST 1:23 PM0, PRN was trading at AU$1.040, down by 0.479%. Its market capitalisation stood at AU$735.98 million.


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