Which are the top 10 ASX-listed dividend stocks by dividend yield?

Summary

  • A dividend is the distribution of a specific amount to a category of shareholders from a Company’s earning as decided by the Company’s Board.
  • Dividend stocks provide dividend as well as capital appreciation.
  • The dividend yield is one criterion that investors see while looking to invest in dividend stocks.

Dividend stocks allow investors to earn profit in the form of capital appreciation and dividend. Besides, these stocks hold appeal as they provide investors with consistent income.

Investors looking for high dividend-paying stocks use the dividend yield to assess the stocks of their interest. The dividend yield is a financial ratio that shows how much dividend a company pays each year relative to its stock price.

Investors receiving dividends (Source: Copyright © 2021 Kalkine Media)

On that note, let us look at the top 10 dividend stocks listed on the ASX by dividend yield:

INTERESTING READ:

Fortescue Metals Group Ltd (ASX:FMG)

Fortescue Metals Group, a global leader in the iron ore industry, has consistently provided dividend in the past five years. Since 2016, the Company has reported a steady increase in its annual dividend yield. On 8 June 2021, the Company’s annual dividend yield stood at 10.90%.

In 1H FY2021, the Company announced a dividend of AU$1.47 per share and paid on 24 March 2021.

Perenti Global Limited (ASX:PRN)

Diversified global mining services group Perenti Global with businesses in surface mining, underground mining, and mining support services has consistently provided dividend since 2017, with a consistent increase in the annual dividend yield.

Since 2018, the Company has provided a constant dividend of AU$0.035. The Company’s annual dividend yield stood at 10.60% on 8 June 2021. For 1H FY2021, Perenti paid the dividend on 07 April 2021.

AGL Energy Limited (ASX:AGL)

AGL Energy is a leading integrated essential service provider. The Company offers 4.2 million gas, electricity, and telecommunications services to residential, small, and large business and wholesale customers in Australia.

AGL has consistently provided a dividend to its shareholders. Since 2018, the Company reported a constant increase in its annual dividend yield. As of 08 June 2021, the Company has an annual dividend yield of 10.13%. For 1H FY2021, AGL Energy paid a dividend of AU$0.410 on 26 March 2021.

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Cromwell Property Group (ASX:CMW)

Cromwell Property, the real estate investor and property fund manager, has consistently provided dividend since 2018. There has been a consistent increase in the annual dividend yield from August 2019. Company’s annual dividend yield was 8.05% on 8 June 2021. CMW paid an interim dividend of AU$0.01625 per share on 21 May 2021.

INTERESTING READ: Five Dividend Stocks with Over 7% Yields

Aurizon Holdings Limited (ASX:AZJ)

Aurizon Holdings Limited, the integrated heavy haul freight railway operator and rail transporter of coal from the mine to port for export markets, has consistently provided dividend since 2015. From 2015 till 2018, there were fluctuations in the annual dividend yield. However, from March 2019, the annual dividend yields consistently increased. On 08 June 2021, the Company’s annual dividend yield was 7.41%.

In 1H FY2021, the Company paid a dividend of AU$0.144 on 31 March 2021.

Harvey Norman Holdings Limited (ASX:HVN)

Retail company Harvey Norman Holdings, whose primary activities include integrated retail, franchise, property, and digital enterprise, has also provided dividends since 2015. There have been fluctuations in the annual dividend yield in this period. HVN’s annual dividend yield surpassed 11% during April 2020 and dropped to ~6% by November 2020. As of 08 June 2021, it stood at 7.06%.

HVN paid a dividend of AU$0.20 per share on 03 May 2021.

DO READ: Harvey Norman (ASX:HVN) Clocks Record H1 Numbers, Positive Momentum Continues

 

Spark Infrastructure Group (ASX:SKI)

Telecommunication services provider Spark Infrastructure Group is also a consistent dividend payer and has provided a decent dividend yield since 2015. As on 08 June 2021, the Company’s annual dividend yield is 6.10%.

The Company paid an interim dividend of AU$0.065 per share for 1H FY2021 ended 31 December 2020.

Rio Tinto Limited (ASX:RIO)

Mining company Rio Tinto is engaged in the production of copper, gold, iron ore, coal, aluminium, and other minerals and metals. The blue-chip player has been consistent in providing dividend since 2015 with decent payouts during the period. On 08 June 2021, the Company had an annual dividend yield of 5.90%.

The Company provided an interim dividend of AU$5.171 for 1H FY2021 ended 31 December 2020 on 15 April 2021.

INTERESTING READ: Rio Tinto’s (ASX:RIO) Q1 Iron Ore Shipments Up Amid Challenges  

JB Hi-Fi Limited (ASX:JBH)

JB Hi-Fi Limited, a specialty retailer of home consumer products, is also a consistent dividend payer since 2015. The Company has provided a decent dividend yield in these periods. On 08 June 2021, the Company had an annual dividend yield of 5.58%.

The Company provided an interim dividend of AU$1.800 per share for six months ended 31 December 2021 on 12 March 2021.

IOOF Holdings Limited (ASX:IFL)

Financial services company IOOF Holdings Limited has regularly paid a dividend to its shareholders since 2015. Since then, the Company witnessed significant fluctuations in its annual dividend yield from as high as 10.5% during March 2017 to as low as 4.7% during March 2021. As of 08 June 2021, the Company had an annual dividend yield of 5.54%.

The Company provided an interim dividend of AU$0.115 per share on 18 March 2021.

GOOD READ: Why do investors look for dividend stocks?


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