VTG, MTO, ADH – ASX retail stocks with lucrative dividend yield

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VTG, MTO, ADH – ASX retail stocks with lucrative dividend yield

 VTG, MTO, ADH – ASX retail stocks with lucrative dividend yield
Image source: © Denizbayram | Megapixl.com

Highlights

  • Retail trade in Australia grew 0.9% month-on-month as per the May 2022 seasonally adjusted estimate
  • Department stores grew the most, i.e., 5.1%
  • A dividend is a part of a company's profit that it pays to its shareholders

As goods pass through a distribution channel, retail trade is the final stage where they are sold to the ultimate customers in small quantities. They are generally sold for personal use and not for business or resale purposes.

Retail trade in Australia grew 0.9% month-on-month as per the May 2022 seasonally adjusted estimate. Similarly, it grew 10.4% compared to May 2021.

In a specific manner:

  • Food retailing – up 0.6%
  • Household goods retailing – up 0.4%
  • Footwear, clothing, and personal accessory retailing – down 1.4%
  • Department stores – up 5.1%
  • Other retailing – up 1.5%
  • Restaurants, cafes, as well as takeaway food services – up 1.8%

On that note, let us discuss three retail trading stocks from the ASX with decent dividend yields.



Image Source: ©2022 Kalkine Media

Vita Group Limited (ASX: VTG)

Vita Group offers value-added and differentiated flexible polyurethane (PU) foam products. Catering to various industries, the company produces and sells other goods such as Talalay latex and flooring products. 

On 13 May 2022, VTG paid a special dividend to its investors at AU$0.1330 per share. VTG's annual dividend yield is 12.63%. Shares of the company last traded at AU$0.195 with a gain of 2.631%.

Motorcycle Holdings Limited (ASX: MTO)

Motorcycle Holdings is one of the top Australian motorcycle dealership and accessories groups. It has 41 retail locations that sell all the top 10 motorcycle brands of Australia.

The company paid its interim dividend on 06 April 2022 at AU$0.120, and its annual dividend yield is 10.04%. In FY2022, the company's guidance for dividend payment is 50% to 70% of Net Profit after Tax (NPAT).

Shares of MTO last traded at AU$2.140.

Adairs Limited (ASX: ADH)

Adairs deals with the retail trade of homewares and furnishings. The company started in 1918 as a family-owned business. It also collaborates with local Australian artists to offer unique pieces for homes.

ADH paid a dividend of AU$0.08 to its shareholders on 14 April 2022. Its annual dividend yield is 9.30%.

In 1H FY2022, the company's sales decreased 5.7% compared to the previous corresponding period and underlying earnings before interest and taxes (EBIT) reduced by 45%.

ADH's last trading price as of 05 July is AU$2.050.

 

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