- Dividend-paying companies consider the payments as a reward for the shareholders who decided to invest in the Company and fund its operations.
- Well-established firms generally provide consistent dividends to their shareholders.
- Fortescue Metals Group, Harvey Norman, RIO Tinto are some of the consistent dividend payers on the ASX.
A dividend is the distribution amount from a Company’s earnings that it pays to its shareholders. It is usually seen that well-established firms provide a dividend to its shareholders.
We have filtered a few ASX-listed stocks that are among the top dividend stocks going into FY2022. These stocks have consistently provided dividends in the last ten years and have a positive outlook in the upcoming period. Let’s have a look at them.
GOOD READ: Which stocks are best for dividends?
Fortescue Metals Group Ltd (ASX:FMG)
Blue-chip company Fortescue Metals Group Ltd is into mining, processing, and transporting iron ore for export from its deposits within the Pilbara region of Western Australia.
The Company has made significant progress since its ASX debut on 19 March 1987. In the last decade, FMG shares have delivered a return of ~317%.
In addition, since 2015, the Company has consistently provided dividends to its shareholders. As of 30 June 2021, FMG’s annual dividend yield is 10.67%.
On 28 May 2021, the Company confirmed the Iron Bridge Magnetite project technical and commercial assessment completion. The project would deliver 22 million tonnes of high grade 67% Iron magnetite concentrate product annually, with initial production by December 2022.
FMG’s strategic focus is backed by its operational excellence and the strength of its balance sheet. The key focus area of the Company include:
- Sustainability: Ensure communities benefit from its success.
- Optimising: Focus on returns and growth from its operations.
- Diversifying: Focus on commodities that support decarbonisation.
- Pursuing: Look for green energy opportunities locally and globally.
INTERSETING READ: Can Fortescue Metals Group (ASX:FMG) share price touch $30?
Harvey Norman Holdings Limited (ASX:HVN)
Retail sector player, Harvey Norman Holdings Limited’s primary activities include integrated retail, franchise, property, and digital enterprise. The Company started trading on 03 September 1987.
In the last ten years, HVN shares have improved significantly by 190.31%. HVN is also a consistent dividend payer since 2012. As of 30 June 2021, HVN’s annual dividend yield is 6.93%.
HVN was recently admitted to S&P/ASX 100 Index in June 2021 quarterly rebalance.
In 1H FY2021, HVN delivered a solid performance with reported profit before tax growth of 113.8% to AU$643.91 million and PAT growth of 116.3% to AU$462.03 million compared to the previous corresponding period.
Rio Tinto Limited (ASX:RIO)
Rio Tinto Limited produces copper, gold, iron ore, coal, aluminium, borates, titanium dioxide and other minerals and metals. Listed on 19 September 1962, the Company has consistently provided dividends to its shareholders since 2011. As of 30 June 2021, RIO’s annual dividend yield is 5.79%.
In the conference held on 18 May 2021, the Company highlighted its key focus area. These are:
- Empower and develop its people to increase their contributions.
- Design and deploy Rio system at foundation sites around subsequent 12 months to establish value & build momentum.
- Achieve top operational, environmental, and social norms from the ground up.
CSR Limited (ASX:CSR)
CSR Limited provides building products for housing and commercial construction. CSR Limited got listed on 31 March 1962 and has consistently provided dividends for the past ten years.
In FY2021, the Company delivered impressive results with a 10% growth in EBIT to AU$238 million and NPAT by 17% to AU$146 million.
By 2030, CSR would focus on:
- Establishing and implementing CSR connected power network. 50% of the electricity would be generated through renewable energy. There would be a 20% energy reduction (GJ) per tonne of saleable product.
- 5% of indirect spend by procurement to be spent with social enterprises.
- 75% decline in solid waste to landfill & 30% decrease of potable water used per tonne of saleable product.
- 30% decrease in greenhouse gas emissions kg per tonne of saleable product.
- Improve biodiversity results on CSR sites and developments.
JB Hi-Fi Limited (ASX:JBH)
JB Hi-Fi Limited, the specialty retailer of home consumer products, has consistently provided dividends in the last decade. JBH provided an interim dividend (1H FY2021) of AU$1.800. Currently, JBH has an annual dividend yield of 5.33%.
In the Macquarie conference, the Company highlighted that it has been generating sustainable long-term growth. In the upcoming period, the key focus area of the Company would be:
- Growing online offer that offers customers options on the way they choose to shop with JBH.
- Constant investment in a fit for purpose Group Supply Chain that encourages In-store and Online fulfilment.
- Continue to see growth opportunities in a fragmented market.
Regis Resources Limited (ASX:RRL)
Gold and mineral exploration company Regis Resources Limited has constantly provided dividends since 2015. The Company debuted 19 February 1987, and since 01 July 1991, its shares have delivered a return of 285%.
Following the 30% Tropicana Gold Mine acquisition, the Company reported a rise in Mineral Resources to 10.4 Moz and Ore Reserves to 4.8 Moz.
Underground resource definition drilling will continue during 2021 to expand the Boston Shaker underground Ore Reserve.
Other programmes are underway to assess the possibility for further underground mines below the final design thresholds of the Tropicana, Havana, and Havana South open pit.