Top 10 ASX-listed dividend stocks for July

Summary

  • Small investors generally lap up stocks with high-dividend yield since these guarantee a regular income.
  • Several firms listed on ASX pay have consistently issued dividends to the shareholders in the last ten years.
  • Fortescue Metals, Harvey Norman and Rio Tinto are a few stocks to look out for in July.

A dividend is defined as a portion of a company’s earnings that it pays to the shareholders from its surplus profit. Well-established firms generally pay dividends to shareholders on regularly in the form of the interim or final dividends. However, it is not mandatory for a corporation to pay a dividend to its shareholders.

Small investors generally lap up stocks with high dividend yield. Such stocks generate income for retail investors and play a critical role in guaranteeing income, especially during challenging economic scenarios. Several firms listed on ASX pay have consistently issued dividends to the shareholders in the last ten years. Here are top ten ASX-listed stocks for July 2021.

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Fortescue Metals Group Ltd (ASX:FMG)

The company involved in mining, processing, and transporting iron ore has consistently issued dividends to its shareholders. The company, listed on ASX on 19 March 1987, has an annual dividend yield of 10.47%. The iron ore miner last paid a dividend of AU$1.470 on 24 March 2021. 

On 28 May 2021, the company confirmed the Iron Bridge Magnetite project technical and commercial assessment completion. As a result, the stock has given a return of over 300% in the last ten years.

Source: © Stbernardstudio   | Megapixl.com

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Harvey Norman Holdings Ltd (ASX:HVN)

The retail firm is involved in integrated retail, franchise, property, and digital enterprise. Listed in 1987, the company has an annual dividend yield of 6.93%. Harvey Norman, too, has paid consistent dividends in the last decade.  On 3 May 2021, the company last paid a dividend of AU$0.2.

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In the first half of FY2021, the company reported a 114% growth in profit before tax (PBT) and 116% growth in profit after tax (PAT), as against the corresponding period.

Rio Tinto Limited (ASX:RIO)

Listed in 1962, Rio Tinto produces copper, gold, iron ore, coal, aluminium, borates, titanium dioxide and other minerals and metals. Since 2011, the company has consistently issued dividends to its shareholders. The company’s annual dividend stands at 5.83%. On 15 April 2021, the company last paid a dividend of AU$5.171 to its shareholders.

National Australia Bank Ltd (ASX:NAB)

The Australian provider of banking and business banking services, National Australia Bank, paid an interim dividend is 60 cents per ordinary share on 2 July 2021. NAB has an annual dividend yield of 3.43%. NAB shares have gained over 40% in the last 12 months.

Source: ©  Ptlee  | Megapixl.com

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Macquarie Group Ltd (ASX:MQG)

The Group is a non-operating holding company for consolidated entity - financial services provider of banking, financial, advisory, investment and funds management services. The Group paid an FY21 final ordinary dividend of AU$3.35 per share, franked to 40% on 2 July 2021. The Group has an annual yield of 2.99%.

Profit for the half-year ended 31 March 2021 was AU$2,030 million, up 106% compared to the half-year ended 30 September 2020 and up 59% on the half year ended 31 March 2020.

CSR Ltd (ASX:CSR)

CSR is involved in the supply and manufacturing of building products for residential and commercial construction. Listed in 1962, the company has paid consistent dividends in the past decade. In FY2021, CSR reported a 10% growth in earnings before interest and tax (EBIT) to AU$238 million and a 17% growth in net profit after tax (NPAT) to AU$146 million.

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The company paid a total dividend of AU$0.24 on 2 July 2021. CSR has an annual dividend yield of 6.46%.

JB Hi-Fi Ltd (ASX:JBH)

One of the top retailers of home products in Australia, JB Hi-Fi is among the consistent providers of dividends in the past decade. The company has an annual dividend yield of 5.33%. The company's interim dividend for 1H FY2021) stands at AU$1.800.

The company recently said that it has plans to consistently invest in a fit for purpose group supply chain that encourages in-store and online fulfilment.

Regis Resources Ltd (ASX:RRL)

The gold miner has consistently issued dividends to the shareholders since 2015. Since 1991, the company’s shares have given a return of nearly 300%. In March 2021, the company issued a dividend of AU$0.04. The annual dividend yield stands at 4.68%.

The company recently reported a rise in Mineral Resources to 10.4 Moz and Ore Reserves to 4.8 Moz.

Aristocrat Leisure Ltd (ASX:ALL)

The company is a provider of gaming solutions.  Aristocrat paid FY21 final ordinary dividend of AU$0.15 per share on 2 July 2021. The annual yield stands at 4.68%. In the last 12 months, Aristocrat shares have gained over 70%.

Source: © Kiosea39   | Megapixl.com

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Incitec Pivot Ltd (ASX:IPL)

Incitec Pivot is involved in manufacturing and distribution of fertilisers, industrial explosives, and chemicals. On 17 May 2021, Incitec paid an interim dividend of 1 cent per share. The annual dividend yield stands at 0.41%.

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