Companies return profits to shareholders through two main channels, capital gains and income. A high dividend yield indicates that a company is returning a large amount of cash to shareholders relative to the value of the company. This allows investors to maximise their income received relative to their investment amount.
The below table shows the 25 highest dividend-yielding stocks in the ASX 50 based on their gross dividends. The gross dividend is calculated from the net dividend amount paid to shareholders plus the value of any attached franking credits associated with those dividends. A fully franked dividend will have franking credits equal to 30% of the gross dividend value, which can, therefore, represent a significant source of additional value.
|Stock code||Stock name||Sector||Price||Gross dividend||Net dividend yield||Gross dividend yield|
FMGFortescue Metals Group Ltd. explores for and produces iron ore.
Fortescue Metals Group Ltd
AGLAGL Energy Limited sells and distributes gas and electricity.
AGL Energy Ltd
AZJAurizon Holdings Ltd. is a rail freight company The Company provides coal, bulk and general freight haulage services, operating on the central queensland coal network (CQCN) and including specialized track maintenance and workshop support functions.
Aurizon Holdings Ltd
RIORio Tinto Limited is an international mining company.
Rio Tinto Ltd
DXSDexus provides real estate services.
APAAPA Group is a natural gas infrastructure company.
TLSTelstra Corporation Limited is a full service domestic and international telecommunications provider for Australia.
Telstra Corp Ltd
GPTGPT Group is an active owner and manager of a diversified portfolio of Australian retail, office and industrial property assets.
ORGOrigin Energy Limited is an integrated energy company.
Origin Energy Ltd
SGPStockland is a diversified Australian property group.
AMCAmcor PLC operates as a packaging company.
MPLMedibank Private Limited offers private health care coverage for hospital and ancillary services.
Medibank Pvt Ltd
BHPBHP Group Limited operates as an international resources company.
BHP Group Ltd
COLColes Group Limited owns and operates a chain of supermarkets and department stores.
Coles Group Ltd
WESWesfarmers Ltd. owns retail chains, operates mines, writes insurance, manufactures and distributes industrial products, manufactures fertilizers and chemicals, and distributes liquefied petroleum gas and medical and industrial gases.
SUNSuncorp Group Ltd. offers retail and business banking, life and general insurance, superannuation and funds management services.
Suncorp Group Ltd
ASXASX Ltd. is a demutualized company which operates Australia's primary national stock exchange and equity derivatives market The ASX operates markets for equities, derivatives, fixed-interest securities and capital-raising for unlisted companies using advanced computer systems for both trading and settlement.
MGRMirvac Group is an integrated, diversified Australian property group comprising an investment portfolio and a development business.
CPUComputershare Limited operates share registries and computer bureaus which includes the administration of employee share and option plans and the provision of software that specializes in share registry, financial and stock markets.
CBACommonwealth Bank of Australia provides banking, life insurance, and related services for individuals, small businesses and medium sized commercial enterprises.
Commonwealth Bank of Australia
SHLSonic Healthcare Limited is a medical diagnostics company with operations in Australia, New Zealand, and Europe.
Sonic Healthcare Ltd
ORIOrica Limited is a diversified manufacturing company.
WOWWoolworths Group Limited offers retail operations.
Woolworths Group Ltd
BXBBrambles Limited is a global support services group which provides pallet and plastic container pooling services and information management services.
TCLTransurban Group owns and operates urban toll road networks.
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More about this table
The ASX High Dividend stocks table is one of a series of informational tables provided for free to give subscribers useful information to inform their trading decisions. This table is updated weekly and offers clients the most current top dividend-yielding stocks in the ASX 100. Investors and traders who are interested in stocks that pay a high dividend and produce an income stream can view this table and select the ones they would like to hold from the list.
Investors should note that the gross dividend yield is based on the total dividends paid over the trailing 12 months divided by the current share price. Due to this being a backward-looking measure, the above table can sometimes include stocks for which the forward dividend yield is known to be much lower (or indeed higher) than the trailing dividend yield.
Investors who want exposure to ASX income paying stocks and are interested in a trading strategy that utilises dividend yield as the primary selection criteria can subscribe to Rivkin’s ASX Blue Chip strategy. This has been backtested to produce a profitable trading system that is easy to implement with trading required no more than once per month but usually even less frequently. It holds 10 ASX listed stocks that we expect to pay a high dividend over the coming year with the possibility of capital gains as well. Investors interested in such a strategy should look to subscribe to our Strategies product that gives access to our ASX Blue Chip strategy as well as several other strategies.
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