The Top Dividend Stocks with a strong annualized dividend yield are listed below for your review:
[Note]: The market cap and dividend yield of the selected ASX companies mentioned are based on 15 March 2024.
New Hope Corporation Limited (ASX: NHC)
Market capitalization: $3.82 billion
Annualized Dividend yield: 15.68%
NHC is involved in oil and gas exploration, development, production, and processing; agriculture; coal extraction, processing, marketing, and logistics; and coal exploration and project development. The company's consistent ability to generate superior margins allows it to present an alluring dividend yield each year.
Helia Group Limited (ASX: HLI)
Market capitalization: $1.06 billion
Annualized Dividend yield: 16.61%
HLI provides lenders mortgage insurance. The company protects lenders if a borrower defaults on a home loan and there is a shortfall in the sale proceeds from the secured property. The company offers tools and resources for estimating and comparing options for home ownership. It offers an attractive dividend yield each year.
Helia Group Limited declared dividends for FY2023, including a fully franked final ordinary dividend of 15.0 cents per share and an unfranked special dividend of 30.0 cents per share. The total dividends for the fiscal year amounted to 59.0 cents per share.
Fortescue Limited (ASX: FMG)
Market capitalization: $23.91
Annualized Dividend yield: 8.47%
FMG's activities include the exploration, development, production, processing, and sale of iron ore, as well as the transition to a global green renewables and resources company through FFI. This is one of the Best Long-Term Dividend Stocks in the ASX's best categories.
Platinum Asset Management Limited (ASX: PTM)
Market capitalization: $686.95 million
Annualized Dividend yield: 11.01%
PTM is an investment manager with headquarters in Australia that specializes in international shares, or, to put it another way, it offers global listed company portfolios.
Yancoal Australia Limited (ASX: YAL)
Market capitalization: $6.97 billion
Annualized Dividend yield: 13.16%
YAL supplies thermal and metallurgical coal to the steel and power generation industries in Asian markets. It is one of the highest dividend-paying stocks, providing its shareholders with steady dividend income.
Reference: *All Data has been sourced from Company announcements and Refinitiv, Thomson Reuters
Frequently Asked Questions (F.A.Q.)
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New Hope Corporation Limited (ASX: NHC)
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Helia Group Limited (ASX: HLI)
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Fortescue Limited (ASX: FMG)
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Platinum Asset Management Limited (ASX: PTM)
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Yancoal Australia Limited (ASX: YAL)
Define dividend reinvestment plan?
An exclusive way to increase your holdings of stocks that pay dividends is through a dividend reinvestment plan (DRIP). An investor can grow their investment significantly over time with a DRIP. Basically, it's the process of automatically reinvested dividends into more whole and fractional shares of the stock of the company.
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