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 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.
ASX High Dividend Stocks
|Stock code||Stock name||Sector||Price||Gross dividend||Net dividend yield||Gross dividend yield|
|WDS||Woodside Energy Group Ltd||Energy||$31.50||$4.89||10.84%||15.48%|
|ANZ||ANZ Group Holdings Limited||Financial Services||$24.31||$2.32||7.2%||9.55%|
|FMG||Fortescue Metals Group Limited||Basic Materials||$24.95||$2.50||7.03%||10.04%|
|PLS||Pilbara Minerals Limited||Basic Materials||$3.62||$0.36||6.98%||9.98%|
|WBC||Westpac Banking Corporation||Financial Services||$21.31||$2.03||6.67%||9.52%|
|SCG||Scentre Group||Real Estate||$2.55||$0.19||6.45%||7.25%|
|GPT||The GPT Group||Real Estate||$4.05||$0.25||6.09%||6.09%|
|NAB||National Australia Bank Limited||Financial Services||$27.99||$2.39||5.97%||8.53%|
|BHP||BHP Group Limited||Basic Materials||$47.15||$3.74||5.56%||7.95%|
|RIO||Rio Tinto Group||Basic Materials||$126.50||$8.39||4.66%||6.65%|
|TLS||Telstra Group Limited||Communication Services||$3.80||$0.24||4.47%||6.39%|
|EDV||Endeavour Group Limited||Consumer Defensive||$4.93||$0.31||4.43%||6.33%|
|ORG||Origin Energy Limited||Energy||$8.33||$0.52||4.4%||6.28%|
|CBA||Commonwealth Bank of Australia||Financial Services||$102.96||$6.43||4.36%||6.23%|
|SUN||Suncorp Group Limited||Financial Services||$13.74||$0.86||4.36%||6.22%|
|COL||Coles Group Limited||Consumer Defensive||$15.18||$0.94||4.34%||6.2%|
|MPL||Medibank Private Limited||Financial Services||$3.52||$0.21||4.15%||5.93%|
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.
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