AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
_09_05_2024_07_53_36_233845.jpg)
While supermarket giants have dominated the headlines this reporting season, other ASX-listed consumer staples shares also present interesting opportunities for those focused on dividend income. Here are some shares in the Consumer Staples sector that currently offer high 12-month trailing dividend yields.
Inghams Group (ASX:ING):
With a 12-month trailing dividend yield of 6.5% and a forecast forward yield of 7.1% for FY26, Inghams is the largest integrated producer and supplier of poultry in Australia and New Zealand. The company has a long-established presence, beginning as a family business in 1918 and listing on the ASX in 2016. It operates a vertically integrated business model, supplying chicken, turkey, and stock feed to major retailers, quick-service restaurants, and other clients. Inghams declared a total of $0.20 per share in dividends for FY24 and has forecasts indicating potential increases in dividends per share over the next two years.
Metcash (ASX:MTS):
Metcash has a trailing dividend yield of 5.4% and a forecast forward yield of 5.8% for FY26. Founded in 1927, Metcash is an Australian wholesale distribution and marketing company. It supports independent retailers in the food, liquor, and hardware sectors, partnering with businesses such as IGA Supermarkets, Mitre 10, and Thirsty Camel. The company paid two fully franked dividends in FY24, and forecasts suggest a slight increase in dividends for the next two years.
Endeavour Group (ASX:EDV):
Endeavour Group, spun off from Woolworths and listed separately in 2021, offers a 12-month trailing dividend yield of 4.2%. It is a leading alcoholic drinks retailer and hotel operator in Australia, managing a portfolio of licensed hotels and liquor stores, including Dan Murphy’s and BWS. For FY24, Endeavour maintained a total dividend of $0.218 per share, distributed through fully franked interim and final dividends. However, future earnings and dividend forecasts are currently unavailable.
Elders (ASX:ELD):
Elders, with a trailing dividend yield of 4.5% and a forecast forward yield of 4.4% for FY25, is one of Australia's oldest businesses, established in 1839. It operates as a pure-play agribusiness with three core segments: Branch Network, Wholesale Products, and Feed and Processing Services. The company declared an interim and final dividend for FY23, with forecasts suggesting potential fluctuations in earnings and dividends in the coming financial years.
Graincorp (ASX:GNC):
Graincorp, an Australian commodity trading business with a 12-month trailing dividend yield of 3.3% and a forecast forward yield of 4.3% for FY25, is engaged in the storage, marketing, and logistics of grain and related commodities. The company also focuses on the processing of edible oils and oilseed crushing. For the six months ending March 31, 2024, Graincorp paid fully franked interim and final dividends, supplemented by special dividends. However, future projections indicate a potential decrease in both earnings per share and dividends per share.
These shares represent a range of companies within the Consumer Staples sector beyond the well-known supermarket chains, providing potential opportunities for those looking into this market segment. However, it is crucial to remember that past performance is not an indicator of future outcomes, and careful research is essential before making any financial decisions.
