A glance at 12 ASX shares with sustainable dividends

Summary

  • Market participants prefer stocks that can offer a steady stream of income in the form of dividends to withstand uncertain times.
  • They prefer sustainable investments as they can reduce their exposure to harmful environmental impacts during a market downturn.
  • Dividend stability reflects a long, steady history of payouts, and consistent dividend growth indicates the sound financial health of a company.

Dividends have always been attractive for investors, especially during times of high volatility in the markets. Investing in stocks paying regular dividends helps ride out the storm of uncertainty. The benefit of owning blue-chip dividend-paying shares is that they have an established strong track record of paying dividends consistently over time.

There is always a risk that companies can slash dividends due to changes in business conditions, a slowdown in operating performance, or an inadequate balance sheet with too much leverage. However, these risks are lower for well-established blue-chip stocks compared to small caps or emerging players.

ALSO READ: Which are the Top 10 blue-chip stocks on the ASX?

With this backdrop, let us discuss 12 ASX-listed sustainable dividends stocks-

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Fortescue Metals Group Ltd (ASX:FMG)

Fortescue Metals Group is a well-known global iron ore miner that operates four mine sites in the Pilbara region. The mining behemoth has been offering sustainable dividends to its shareholders since 2015 and has continually increased dividends since 2020. For FY21, the Company paid an interim dividend of AU$1.470 on 24 March 2021.

ALSO READ: Five blue-chip stocks that pay high dividends

Rio Tinto Ltd (ASX:RIO)

Rio Tinto Group is engaged in manufacturing copper, diamonds, iron ore, gold, and uranium. The group has consistently delivered dividends to its shareholders for the last five years. On 15 April 2021, the firm paid an interim dividend of AU$5.171 for FY2021.

DO READ: How much dividend does Rio Tinto pay to its shareholders?

CSL Limited (ASX:CSL)

Biotech behemoth CSL Limited manufactures innovative therapies and influenza vaccines to save lives and help people suffering from life-threatening diseases. The healthcare giant has been offering sustainable dividends to its shareholders since 2015. In April 2021, the Company paid an interim dividend of AU$1.349 for FY2021.

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Sonic Healthcare Ltd (ASX:SHL)

Sonic Healthcare is another ASX-listed healthcare stock that has been providing sustainable dividends since 2015. The annual dividend yield of Sonic Healthcare stood at 2.33% as of 29 June 2021. The Company paid an interim dividend amount of AU$0.360 for FY21 on 24 March 2021.

ALSO READ: 5 ASX stocks with dividend yield over 8%

Aurizon Holdings Ltd (ASX:AZJ)

Aurizon is the largest rail freight operator in Australia and transports over 250 million tonnes of commodities every year. The Company has been offering sustainable dividends to its shareholders since 2015 and has continually increased dividends since 2019.

AZJ paid an interim dividend of AU$0.144 in March 2021.

JB Hi-Fi Limited (ASX:JBH)

Australia's largest home entertainment retailer JB Hi-Fi Limited sells and specialises in consumer goods, electronics, cooking appliances as well as air-conditioning. JB Hi-Fi paid its fully franked interim dividend amount of AU$1.80 for FY21 on 12 March 2021.

The AU$5.70 billion retailer has increased its dividend from AU$0.90 in 2020 to AU$1.80 in 2021.

APA Group (ASX:APA)

ASX-listed leading energy infrastructure business APA Group has been paying sustainable dividends since 2017. On 23 June 2021, it disclosed an estimated final distribution of 27.0 cents per share for the half-year ending 30 June 2021.

Copyright © 2021 Kalkine Media

Based on this estimate, together with the interim distribution of 24.0 cents paid in March 2021, total distributions for FY21 will be 51.0 cents per security, a 2.0% increase over the last year.

Spark Infrastructure Group (ASX:SKI)

Spark Infrastructure Group is a leading essential energy infrastructure business within Australia. The group has been providing consistent dividends to its shareholders since 2015. The AU$3.98 billion Company paid a final dividend amount of AU$0.065 on 15 March 2021.

AusNet Services Ltd (ASX:AST)

Australian energy company AusNet Services owns and operates the Victorian electricity transmission network. The Company paid a final dividend amount of AU$0.047 FY2021 on 24 June 2021. AusNet has been providing sustainable dividends to its shareholders since 2015.

NRW Holdings Ltd (ASX:NWH)

ASX-listed diversified provider of contract services NRW Holdings offers its amenities to Australia's resources and infrastructure sectors. The Company has consistently increased its dividend from AU$0.02 in 2019 to AU$0.04 in 2021. NRW paid an interim dividend (fully franked) amount of AU$0.040 on 8 April 2021.

Pendal Group Ltd (ASX:PDL)

Independent global investment management firm Pendal Group focused on delivering superior investment returns for clients through active management. The Company paid its interim dividend amount of AU$0.17 for the financial year 2021 on 1 July 2021. Pendal Group is providing sustainable dividends to its shareholders since 2015.

ALSO READ: Interested in Dividends? Here are three ASX-listed stocks to look for

Abacus Property Group (ASX:ABP)

ASX-listed leading diversified property group Abacus focuses on investing in commercial property markets across Australia and New Zealand. The group has been offering sustainable dividends to its shareholders since 2017. Abacus has announced its final dividend amount of AU$0.085 for FY21 to be paid on 31 August 2021.

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

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