Looking for dividends? Here are three ASX stocks with yields over 6%

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The Australian share market is known for its dividend-paying stocks. In wake of the coronavirus-induced volatility in the market, many investors started exploring the dividend stocks to add an extra layer of safety to their investments.

The recent reporting season saw many companies declaring dividends despite pandemic challenges. Here, we take a look at three such stocks that offer annual dividend yields of more than 6%.

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Smartgroup Corporation Limited (ASX:SIQ)

Smartgroup Corporation Limited, the specialist employee management services provider, recently reported its full-year financial results for the year ended December 31, 2020. Smartgroup delivered A$65.2 million in NPATA in line with the guidance. of, aligned with its guidance. It also reported a success rate of 100% in renewing/ extending all top 20 contracts.

Moreover, the Australia-based company is now aiming to sign a number of deals, which are up for renewal in CY21. Notably, Smartgroup announced a fully franked final dividend of 17.5 Australian cents per share and a fully franked special dividend of 14.5 Australian cents per share. The company will pay dividends on March 23, 2021.

As per ASX on March 12, 2021, its annual yield 10.09%. Smartgroup Corporation Limited’s (ASX:SIQ) share price closed at A$ 6.210, down 1.272% on March 12, 2021. 

Also Read: 7 ASX dividend stocks with yield above 7%

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Harvey Norman Holdings Limited (ASX:HVN)

Australian-based multinational retailer Harvey Norman posted half-yearly financial results for the period ended December 31, 2020. Despite the COVID-19 impact on the number of consumers, the management continued to fulfil its commitments during the challenging period. It reported a net profit after tax and non-controlling interests of A$462.03 million for H1 FY20.

The yield rose 116.3% up to $248.44 million compared to the corresponding prior period. Notably, its net assets' value also grew by 13.9% to A$3.74 billion compared to A$3.28 billion in 2019. In the media release, Harvey Norman stated that its customer base was highly attracted to its brands and appreciated the shopping experience of its lifestyle/ home retail segment. Also, the company asserted that customers had shown an acceptance towards both in-store and digital experiences. The board declared an interim dividend payment (fully franked) worth 20 Australian cents per share, which is to be paid on May 3 2021.

As per the ASX on March 12, 2021, its annual yield is 7.12%. Harvey Norman Holdings Limited’s (ASX:HVN) share price closed at A$5.470, up 2.626% on March 12, 2021. 

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GDI Property Group (ASX:GDI)

The property owner and fund manager informed investors that it was forging ahead with significant development opportunities in sight, setting the stage for success in 2021. The company received development approval for a new project at Westralia Square, which is a 9K square metre office building.

Moreover, the company also finalised he plans for a 40K plus square metre prime office tower in Perth as it redevelops 1 Mill Street. In its half-yearly financial results for the period December 31 2020, the company announced 3.875 Australian cents per security. For FY21, GDI Property intends to pay a cash distribution of 7.75 Australian cents per security.

As per the ASX on March 12, 2021, its annual yield is 7.52. GDI Property Group (ASX:GDI) share price closed at A$1.025, down 0.486% on March 12, 2021. 

CLICK HERE: Top 25 ASX Stocks By Dividend Yield





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