Two ASX retail stocks with grossed-up dividend yields over 8%

Be the First to Comment Read

Two ASX retail stocks with grossed-up dividend yields over 8%

 Two ASX retail stocks with grossed-up dividend yields over 8%
Image source: Shyntartanya,Shutterstock

 Highlights

  • The ASX 200-listed retail sector has performed on a decent note in the recent past.
  • Several companies managed to pay their shareholders high and consistent dividend income during the period.
  • JBH and ADH are two shares with high dividend yields which investors can look at.

Australia’s retail sector has performed on a decent note in the recent past despite challenges posed by the COVID-19 pandemic. The sector has also managed to provide its shareholders high and consistent dividend income during the period. These dividend-paying retail stocks also ensured that the shareholders have a steady source of income during the lockdowns when other income sources were adversely hit.

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

On this note, let’s discuss two ASX-listed retail shares which are currently offering dividend yields over 8%:

JB Hi-Fi Ltd (ASX:JBH)

JB HI-FI is an Australian retailer of home consumer products. It is engaged in the online and in-store sale of categories which include consumer electronics, cooking appliances and whitegoods.

In the year 2021, the company distributed two dividends. One was an interim dividend of AU$1.80 per share, and the other was a final dividend of AU$1.07 per share. The two payments combined to form a total of AU$2.87 per share, which was the largest annual dividend that the company ever paid.

The company has a dividend yield of 8.61% grossed-up with full franking on last (Friday’s) closing price of AU$47.75.

Source: © Littlemacproductions  | Megapixl.com

Adairs Ltd (ASX:ADH)

Adairs operates in the homeware retailing and furnishings segment. It deals in the core or staple product categories, and fashion and decorator product categories. The company benefitted from its online set-up during the COVID-19 lockdown period.

In the year 2021, Adairs also paid two dividends. One was an interim dividend of AU$0.13 per share, and the other was a final dividend of AU$0.10 per share.

The company has a dividend yield of 8.59% grossed-up with full franking on last (Friday’s) closing price of AU$3.81.

RELATED ARTICLE: Five hot trends likely to dominate mining industry in 2022 

RELATED ARTICLE: US airlines sound alarm bell over 5G: Could it be a threat in Australia? 

RELATED ARTICLE: Trends that will redesign small business in 2022

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