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Australia

ASX High Dividend Stocks

7 Aug 2020
By
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 20 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 codeStock nameSectorPriceGross dividendNet dividend yieldGross dividend yield
AGL
AGL Energy Ltd
Utilities
$16.79$1.496.62%8.89%
ALD
Ampol Ltd
Energy
$28.88$1.192.88%4.11%
ALL
Aristocrat Leisure Ltd
Consumer Discretionary
$27.37$0.491.25%1.78%
AMC
Amcor PLC
Materials
$14.98$0.694.62%4.62%
ANZ
Australia & New Zealand Bankin
Financials
$17.64$1.044.55%5.92%
APA
APA Group
Utilities
$11.16$0.544.49%4.81%
ASX
ASX Ltd
Financials
$83.47$5.144.32%6.18%
AZJ
Aurizon Holdings Ltd
Industrials
$4.52$0.345.78%7.51%
BHP
BHP Group Ltd
Materials
$39.82$3.045.37%7.68%
BXB
Brambles Ltd
Industrials
$10.93$0.605.21%5.54%
CBA
Commonwealth Bank of Australia
Financials
$71.71$6.166.03%8.62%
COH
Cochlear Ltd
Health Care
$190.52$2.290.84%1.20%
COL
Coles Group Ltd
Consumer Staples
$18.60$1.023.85%5.50%
CPU
Computershare Ltd
Information Technology
$13.72$0.523.35%3.79%
CSL
CSL Ltd
Health Care
$277.75$2.921.05%1.05%
DXS
Dexus
Real Estate
$8.28$0.526.06%6.29%
FMG
Fortescue Metals Group Ltd
Materials
$18.57$1.435.40%7.71%
GMG
Goodman Group
Real Estate
$17.54$0.301.71%1.71%
GPT
GPT Group/The
Real Estate
$3.81$0.133.52%3.52%
IAG
Insurance Australia Group Ltd
Financials
$5.07$0.395.93%7.71%
JHX
James Hardie Industries PLC
Materials
$30.12$0.150.49%0.49%
LLC
Lendlease Corp Ltd
Real Estate
$11.11$0.605.43%5.43%
MGR
Mirvac Group
Real Estate
$2.07$0.094.39%4.39%
MPL
Medibank Pvt Ltd
Financials
$2.83$0.225.54%7.92%
MQG
Macquarie Group Ltd
Financials
$124.92$5.043.44%4.03%
NAB
National Australia Bank Ltd
Financials
$17.04$1.616.65%9.50%
NCM
Newcrest Mining Ltd
Materials
$36.80$0.470.89%1.27%
ORG
Origin Energy Ltd
Energy
$5.77$0.435.21%7.45%
ORI
Orica Ltd
Materials
$17.53$0.522.83%2.95%
OSH
Oil Search Ltd
Energy
$3.07$0.144.57%4.57%
QAN
Qantas Airways Ltd
Industrials
$3.31$0.193.95%5.64%
QBE
QBE Insurance Group Ltd
Financials
$10.09$0.625.16%6.14%
RHC
Ramsay Health Care Ltd
Health Care
$62.50$2.202.47%3.53%
RIO
Rio Tinto Ltd
Materials
$105.50$9.356.22%8.89%
S32
South32 Ltd
Materials
$2.21$0.113.37%4.81%
SCG
Scentre Group
Real Estate
$1.92$0.2311.82%11.82%
SGP
Stockland
Real Estate
$3.38$0.247.14%7.14%
SHL
Sonic Healthcare Ltd
Health Care
$33.22$0.962.57%2.90%
STO
Santos Ltd
Energy
$5.74$0.242.87%4.11%
SUN
Suncorp Group Ltd
Financials
$8.58$1.4213.03%16.60%
SYD
Sydney Airport
Industrials
$5.31$0.193.69%3.69%
TCL
Transurban Group
Industrials
$13.77$0.483.43%3.49%
TLS
Telstra Corp Ltd
Communication Services
$3.39$0.234.71%6.73%
TWE
Treasury Wine Estates Ltd
Consumer Staples
$10.79$0.573.72%5.31%
VCX
Vicinity Centres
Real Estate
$1.27$0.086.05%6.05%
WBC
Westpac Banking Corp
Financials
$16.76$1.144.79%6.84%
WES
Wesfarmers Ltd
Consumer Discretionary
$46.17$2.193.32%4.75%
WOW
Woolworths Group Ltd
Consumer Staples
$39.16$1.472.64%3.77%
WPL
Woodside Petroleum Ltd
Energy
$20.37$1.956.69%9.56%

 

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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.

Rivkin does not ever provide financial advice. Please consider your own circumstances before purchasing any of our products or acting on our general advice, for any Rivkin product or recommendation.

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Anonymous User

Why do people invest when traders are consistently taking profits when the market is oversold or even just had a good rally ? Why not just consistently take small bites out of the market with good strong solid growth blue chip stock ? After all compound 2% or even 5% more than a half dozen times once a year looks better than speculative stocks with one step forward two steps back getting milked by analysts and so called experts margin fund managers who just got out of school and never really lived anywhere apart from mummy and daddy’s house or… Read more »

Roy B.

Thankyou for providing this information.. My main concern is to provide as safe as an investment as I can and to provide a liveable income at the same time.

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