These are three ASX-listed dividend stocks with grossed-up yields over 5%

Be the First to Comment Read

These are three ASX-listed dividend stocks with grossed-up yields over 5%

 These are three ASX-listed dividend stocks with grossed-up yields over 5%
Image source: Inside Creative House,Shutterstock

Highlights

  • Despite the COVID-19 pandemic, there have been companies delivering dividend yield above 5%.
  • Such stocks have managed to provide income sources to investors amid sluggishness in the economy.
  • COL, WAM and TLS are three stocks which investors can consider.

Paying consistent dividends is no mean feat. It becomes all the more praiseworthy considering the slowdown in an economy due to the COVID-19 pandemic. However, there have seen companies which have offered a yield of above 5%.  

Dividend stocks have become more popular in a scenario when other incomes have been negatively impacted by sluggishness in the economy.

(However, high dividend-paying shares are not good always. A stock’s dividend yield might be on the higher side due to a significant fall in its stock price, implying financial trouble that could impact its ability to deliver future dividends)

On this note, let’s discuss three ASX-listed dividend stocks with grossed-up yields over 5%:

Coles Group Ltd (ASX:COL)

Coles Group is an ASX-listed supermarket specialist, which is engaged in the distribution of consumer products, including fresh food, groceries, household goods, liquor, fuel and financial services through its store network and online platforms.

The company was among the few that distributed dividend to shareholders in the year 2020 without any cut. Last year, the retailer paid 57.5 cents per share in dividends, higher than 2019’s total of 61 cents per share. On Thursday’s closing price of AU$16.31, the company’s trailing dividend yield stands at 3.74%. When grossed-up with the full franking on offer, the yield stands at 5.34%.

Source: © Littlemacproductions  | Megapixl.com

WAM Capital (ASX:WAM)

WAM Capital is a listed investment company. It provides investors with exposure to actively managed diversified portfolios of undervalued growth companies, which are generally small-to-medium-sized industrial companies listed on the ASX.

The company has kept its distribution consistent over past few years. In 2018, the annual dividend stood at 15.5 cents per share. On Thursday’s closing price of AU$2.22, the company’s trailing dividend yield stands at 6.95%. When grossed-up with the full franking on offer, the yield stands at 9.93%.

Telstra Corporation Ltd (ASX:TLS)

Telstra Corporation comes under the telecommunications services sector and is a telecommunications Carrier. The company gives a provision of telecommunications and information services, including mobiles, internet, and pay television.

Since 2019, the company has consistently paid 16 cents per share in annual dividends. On Thursday’s closing price of AU$4.15, the company’s trailing dividend yield stands at 2.88%. When grossed-up with the full franking on offer, the yield stands at 5.54%.

 RELATED ARTICLE: How would inflation further affect sectors? 5 pointers to note

RELATED ARTICLE: This country will launch Asia’s first crypto ETF

RELATED ARTICLE: Is Australia approaching Lewis turning point? How to tackle it?

Disclaimer

Speak your Mind

Featured Articles

Ad
kalkine logo

GET A FREE STOCK REPORT

Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK