Top 20 dividend stocks on the ASX with yield over 4%

Summary

  • The dividend yield is an essential criterion while selecting a dividend stock.
  • While increased dividend yield gives a positive impression about the Company, it could sometimes be an alarming indication.
  • AGL Energy, Fortescue Metals Group, Cromwell Property Group, and Aurizon Holdings are among the leading dividend-paying stocks on the ASX.

While picking a dividend stock, the dividend yield is one of the critical criteria. Generally, a stock with a higher dividend yield is considered that provide a better return. However, increased dividend yield could be an alarming signal as well. For example, the Companies could have increased annual dividend yield because of falling prices.

This article walks you through the top 20 ASX-listed dividend stocks as per their annual dividend yield. These players have constantly provided dividends over the past three years.  

AGL Energy Ltd (ASX:AGL)

AGL is a leading integrated essential service provider catering to residential, small, and large business and wholesale customers across Australia.

AGL provided an interim dividend of 0.410 and has an annual dividend yield of 11.37%.

AGL is on the verge of becoming Accel Energy Limited, demerging AGL Australia into a separate ASX-listed company.

Stock Information:

In the past three years, AGL shares dropped significantly by ~63%. On 13 July 2021, AGL shares settled at AU$8.070, down 0.248%.

DO READ: Which are the top 5 ASX 200 dividend shares?

Fortescue Metals Group Ltd (ASX:FMG)

Fortescue Metals Group Ltd, a global leader in the iron ore industry, provided an interim dividend of 1.47 and has an annual dividend yield of 10.01%.

Recently, FMG’s Fortescue Future Industries (FFI) reached its 2021 goals for preliminary decarbonisation projects.

Stock Information:

In the past three years, FMG shares improved by ~271%. On 13 July 2021, AGL shares settled at AU$25.180, up 2.108%.

INTERESTING READ: Ranked: Australia’s ten most valuable companies

Cromwell Property Group (ASX:CMW)

Cromwell Property Group is a real estate investor and manager. It provided a final dividend of AU$0.016 and has an annual dividend yield of 7.77%.

Recently, on 24 June 2021, the Company announced the suspension of the distribution reinvestment plan of June 2021 quarter distribution.

Stock Information

In the past three years, CMW shares dropped by 19.32%. On 13 July, CMW shares settled at AU$0.895, down 0.556%.

Aurizon Holdings Ltd (ASX:AZJ)

Australia’s largest rail freight operator, Aurizon Holdings, provided an interim dividend of AU$0.144 per share. AZJ has an annual dividend yield of 7.47%.

On 26 March 2021, the Company completed the sale of Acacia Ridge Terminal to Pacific National. The Company is in the process to build a robust and sustainable business.  AZJ is committed to a target of net-zero operational emissions by 2050.

Stock Information

In the past three years, AZJ shares dropped by ~11.55%. On 13 July, AZJ shares closed at AU$3.820, up 1.595%.

Harvey Norman Holdings Ltd (ASX:HVN)

Harvey Norman’s main business comprises franchise, integrated retail, property & digital enterprise. HVN provided an interim dividend of AU$0.2 per share and has an annual dividend yield of 7.12%.

In the June quarterly balance, the Company was admitted to S&P/ASX 100 Index. Also, the Company delivered strong results in 1H FY2021.

Stock Information

In the past three years, HVN shares improved by ~67%. On 13 July, HVN shares settled at AU$5.330.

CSR Ltd (ASX:CSR)

CSR Ltd is a top building products company in Australia and New Zealand. The Company provided a final dividend of AU$0.240 and has an annual dividend yield of 6.92%.

In FY2021 (period ended 31 March 2021), revenue dropped by 4%. However, net profit improved by 17% to AU$146.1 million.

Stock Information:

In the past three years, CSR shares improved by ~33%. However, On 13 July, CSR shares settled at AU$5.250, down 0.380%.

Vicinity Centres (ASX:VCX)

Vicinity Centres, one of Australia’s leading retail property groups, announced a final dividend of AU$0.066, which would be paid on 31 August 2021. VCX has an annual dividend yield of 6.36%.

Recently, VCX announced the resignation of its CFO Nicholas Schiffer, who chose to pursue other opportunities.

VCX reported a preliminary net valuation decline of 1.2% for six months ended 30 June 2021.

Stock Information

In the past three years, VCX shares dropped by ~41.35%. On 13 July, VCX shares settled at AU$1.550, down 1.274%.

Charter Hall Retail REIT (ASX:CQR)

Charter Hall Retail REIT invests in premium supermarket secured convenience and convenience-plus shopping complexes in Australia. CQR announced the final dividend of AU$0.127, which would be paid on 31 August 2021. CQR has an annual dividend yield of 6.24%.

On 16 June 2021, CQR updated that its valuations resulted in a 4.1% boost on previous book values. Overall, portfolio value improved from AU$3,504 million to AU$3,647 million. Its portfolio average cap rate has reduced from 6.03% to 5.81%.

Stock Information

In the past three years, CQR shares dropped by ~9.64%. On 13 July, CQR shares at AU$3.740, down 0.267%.

ALSO READ: How Charter Hall Retail clocked 24% surge in first half profit

Charter Hall Long WALE REIT (ASX:CLW)

Charter Hall Long WALE REIT invests in superior real estate assets rented to corporate & the government.

CLW announced a final dividend of AU$0.074, which would be paid on 13 August 2021. CLW has an annual dividend yield of 5.88%.

Recently, the Company signed a contract to acquire interests in three properties for ~AU$267 million. Also, it upgraded its FY2022 Operating EPS guidance to an increase of at least 4.5% on estimated FY2021 Operating EPS of 29.2 cents per share.

Stock Information:

In the past three years, CLW shares improved by 20.24%. On 13 July, CLW shares settled at AU$4.910, down 0.406%.

Rio Tinto Ltd (ASX:RIO)

Rio Tinto mines and processes gold, copper, iron ore, titanium dioxide and other minerals and metals. The Company has provided a final dividend of AU$5.171. RIO has an annual dividend yield of 5.74%.

In June 2021, RIO updated on new joining to the Company’s Board. Peter Cunningham was appointed as CFO and Ben Wyatt as a non-executive director.

Stock Information:

In the past three years, RIO shares improved by 69.34%. On 13 July, RIO shares settled at AU$128.360, up 0.595%.

INTERESTING READ: Can Rio Tinto (ASX:RIO) shares hit the AU$150 mark?

JB Hi-Fi Ltd (ASX:JBH)

JB Hi-Fi Ltd is a specialty retailer of home consumer products. These products include electronics, software, whitegoods as well as electrical devices. JBH provided an interim dividend of AU$1.800 and has an annual dividend yield of 5.73%.

On 04 May 2021, JBH announced the appointment of Biag Capasso as Managing Director of The Good Guys business.

Stock Information:

In the past three years, JBH shares improved by 98.27%. JBH shares settled at AU$47.130 on 13 July, up 0.021%.   

Spark Infrastructure Group (ASX:SKI)

Spark Infrastructure Group is an investment fund that manages electricity infrastructure assets. The Group has an annual dividend yield of 5.64%.

On 1 July, Spark Infrastructure announced an interim dividend of AU$0.0625, to be paid on 15 September.

Stock Information:

In the last three years, SKI shares have shown a marginal improvement. On 13 July, SKI shares settled at AU$2.30.

APA Group (ASX:APA)

APA Group, the largest natural gas infrastructure business in Australia, announced the final dividend of AU$0.270, which would be paid on 15 September 2021. APA has an annual dividend yield of 5.62%.

On 05 May 2021, APA Group reached a Final Investment Decision to commence extension of transportation capacity on its East Coast Grid by ~25%. In addition, it announced a major new gas transportation deal with Origin Energy (ASX:ORG).

Stock Information:

In the past three years, APA shares have dropped by ~4.4%. On 13 July, APA shares settled at  AU$9.130, up 0.772 %.

AusNet Services Ltd (ASX:AST)

AusNet Services is into electricity transmission and distribution and gas distribution. The Company provided a final dividend of AU$0.047 per share and has an annual dividend yield of 5.41%.

On 30 June 2021, The Australian Energy Regulator released its Draft Decision on AST’s 2022-27 Transmission Revenue Review Initial Proposal and reported a drop of 2%, 6% and 7% in total revenue, total capital expenses and total operating expenses, respectively.

Stock Information:

In the past three years, AST shares improved by 8.64%. On 13 July, AST shares settled at AU$1.77, up 0.854%.

IOOF Holdings Ltd (ASX:IFL)

Financial services company IOOF Holdings Ltd provided an interim dividend of AU$0.115 and has an annual dividend yield of 5.37%.

On 31 May 2021, IOOF Holdings acquired MLC Wealth from a member of the Big Four financial institutions, National Australia Bank Limited (ASX:NAB).

Stock Information:

In the past three years, IFL shares dropped by ~49.6%. IFL shares settled flat at AU$4.28 on 13 July. 

Stockland Corporation Ltd (ASX:SGP)

Stockland is amongst the leading diversified property groups in Australia. It announced a final dividend of AU$0.133, which would be paid on 31 August 2021. The Company has an annual dividend yield of 5.33%.

On 01 July 2021, SGP announced the appointment of Adam Tindall to the Stockland Board.

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Stock Information:

In the past three years, SGP shares improved by ~8.63%. On 13 July, SGP shares closed at AU$4.540, down 1.519%.

Abacus Property Group (ASX:ABP)

Leading diversified property group Abacus Property Group announced a final dividend of AU$0.085, which would be paid on 31 August 2021. ABP has an annual dividend yield of 5.26%.

In July 2021, the Company announced the acquisition of 1/3rd interest in Myer Melbourne and a portfolio of self-storage assets managed by Storage King.

Also, ABP announced that that 40 of its investment properties were externally valued. The preliminary draft valuations resulted in the total projected growth of AU$140 million.

Stock Information

In the past three years, ABP shares dropped by 15.08%. ABP settled at AU$3.200 on 13 July, down 0.929%.

Spark New Zealand Ltd (ASX:SPK)

Telecom services provider Spark New Zealand Ltd provided an interim dividend of AU$0.114 and has an annual dividend yield of 5.02%.

On 24 June 2021, Spark New Zealand announced that the appointment of Ana Wight as a Future Director on the Spark Board got extended until 31 December 2021.

Stock Information

In the past three years, SPK shares improved by ~31.43%. SPK shares by the end of the day’s trade settled at AU$4.610, up 0.655 %.

ALSO READ: Samsung Collaborates With Spark New Zealand To Roll Out 5G In Christchurch

Growthpoint Properties Australia Ltd (ASX:GOZ)

Growthpoint Properties Australia invests in premium office and industrial properties in Australia. The Company announced a final dividend of AU$0.100 per share and has an annual dividend yield of 5.01%.

On 11 June 2021, GOZ signed a deal with Charter Hall FLK Funds Management Limited to buy a 100% leasehold interest in an A-grade, modern office asset for AU$52 million. The asset is located in Sydney Olympic Park.

Stock Information

In the past three years, GOZ shares improved by 9.02%. On 13 July, GOZ shares closed at AU$3.990.

NRW Holdings Ltd (ASX:NWH)

NRW Holdings is the top provider of diversified contract facilities to the resources & infrastructure sectors in Australia. It provided an interim dividend of AU$0.040 and has an annual dividend yield of 4.62%.

On 12 July 2021, NRW Holdings announced that Boggabri Coal Operations Pty Ltd exercised an option to acquire a majority of Golding Contractors Pty Ltd (100% owned subsidiary of NRW Holdings) involved under the Maintenance Services and Hire Contract at the Boggabri Coal Mine.

Stock Information

In the past three years, NWH shares improved by ~11.66%. On 13 July, NWH shares settled at AU$1.830, up 5.780%.

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