Dividend stocks for 2022: Three ASX shares worth looking at


  • Dividend stocks are always hot favourites of investors since these are a source of income.
  • There are a few companies that continued to perform well despite the challenges posed by the COVID-19 pandemic.
  • Some companies announced dividends for shareholders even in these uncertain times.

Dividend stocks are always hot favourites for investors since these are a source of income. There are a few companies that continued to perform well despite the challenges posed by the COVID-19 pandemic. These companies announced dividends for their shareholders even in these uncertain times.

Sectors such as consumer discretionary, consumer staples, All Technology and REIT gave double-digit growth in the last one year.

Here we discuss three ASX-listed dividend shares, with over 5% yield, worth following in 2022.

(High dividend-paying companies are not good always. A stock may have a higher dividend yield due to a significant fall in its stock price, implying financial trouble that could impact its ability to deliver future dividends)

Adairs Ltd (ASX:ADH)

Adairs is a homewares and furniture retailer with both brick-and-mortar and online presence. The company has a network of stores in Australia and New Zealand.

Despite challenges posed by the coronavirus pandemic, Adairs reported robust sales and profit growth in FY2021 on account of favourable consumer spending. The company has a positive long-term outlook and expects to do well in FY2022 despite headwinds due to the ongoing pandemic scenario.

Adairs reported a 28.5% rise in sales to AU$499.8 million and nearly doubling of its earnings before interest and tax (EBIT) to AU$109.1 million in the last 12 months.

Adairs has constantly issued dividends since 2016. The company has an annual dividend yield of 5.91% as of 14 October 2021.

Charter Hall Long WALE REIT (ASX:CLW)

Charter Hall Long Wale REIT makes investment in real estate assets. Nearly 70 properties are a part of its portfolio and are diversified by geography and the real estate sector located in over six Australian states.

The company has been regularly paying dividends to the shareholders since 2017. It has an annual dividend yield of 5.89%.

In financial year 2021, the company reported a 30.4% rise in operating earnings, or AU$159 million increase. The earnings on a per stapled security basis grew 3.2% to 29.2 cents.

During the period, the company reported nearly AU$1.4 billion of new property acquisitions, assigned to enhancing portfolio quality, sector diversification, and boosting quality along with the diversification of tenants.

CLW reiterated its FY22 operating (EPS) projection of no less than 4.5% growth above FY21 operating EPS of 29.2 cents, any unanticipated events, or additional COVID-19 effects.

Cromwell Property Group (ASX:CMW)

Cromwell Property Group is an ASX-listed real estate investment manager. It owns, invests, and manages commercial property while having its operations across Australia, New Zealand, and Europe.

The company has issued dividends on a regular basis since 2016. In FY2021, the company declared an interim dividend of AU$0.01625, payable 19 November 2021. The annual dividend yield stands at 8.28%.

In FY2021, the statutory profit rose by 73.5% to AU$308.2 million. Underlying operating profit fell 13.1% compared to the FY2020 level. Total assets under management (AUM) showed an improvement to AU$11.9 billion in FY2021 from AU$11.5 billion last fiscal.

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