Dividends are usually announced to the market few weeks before the ex-dividend date. In case any investor desires to receive dividend of a particular company, then shares in a company must be purchased before the ex- dividend date.
Let’s look at the few names for the Upcoming Dividend Stocks in the month of March, are as follows:
List of upcoming dividend stocks:
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Steadfast Group Limited (ASX: SDF)
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Treasury Wine Estates Limited (ASX: TWE)
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SOUTH32 Limited (ASX: S32)
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Woodside Energy Group Limited (ASX: WDS)
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Reece Limited (ASX: REH)
[Note]: The market cap, share price, and dividend yield of the selected Companies with Upcoming Dividends are mentioned as of 29 February 2024.
1.Steadfast Group Limited (ASX: SDF)
Market Cap: $6.31 billion
CMP: $5.76
Upcoming dividend dates: 04 March 2024 (Source: Yahoo Finance)
Annual dividend yield: 2.75%
Steadfast Group Limited (ASX: SDF): offers services to steadfast Network brokers, distribution of insurance policies through insurance brokerages and underwriting agencies, and other related services. The company's corporate structure includes equity investments in insurance intermediaries, premium funders, and related businesses. They primarily operate in Australasia, with expansion plans in Asia and Europe.
2.Treasury Wine Estates Limited (ASX: TWE)
Market Cap: $9.93 billion
CMP: $12.40
Upcoming dividend dates: 06 March 2024 (Source: Yahoo Finance)
Annual dividend yield: 2.77%
Treasury Wine Estates Limited (ASX: TWE) is a global wine company that sells iconic wines in over 70 countries through major retailers, premium wine outlets, restaurants, bars, and online channels.
3.SOUTH32 Limited (ASX: S32)
Market Cap: $12.77 billion
CMP: $2.91
Upcoming dividend dates: 07 March 2024 (Source: Yahoo Finance)
Annual dividend yield: 1.98%
SOUTH32 Limited (ASX: S32) is a global mining and metals company that produces commodities such as bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, coal, and manganese. The company also has a 50% stake in the Hermosa project in Arizona, USA, which includes the Taylor zinc-lead-silver deposit and the Clark battery-grade manganese deposit.
4.Woodside Energy Group Limited (ASX: WDS)
Market Cap: $57.28 billion
CMP: $30.27
Upcoming dividend dates: 07 March 2024 (Source: Yahoo Finance)
Annual dividend yield: 7.15%
Woodside Energy Group Limited (ASX: WDS) is an Australian oil and gas company involved in hydrocarbon exploration, evaluation, development, production and marketing.
5.Reece Limited (ASX: REH)
Market Cap: $17.60 billion
CMP: $27.22
Upcoming dividend dates: 27 March 2024 (Source: Yahoo Finance)
Annual dividend yield: 0.91%
Reece Limited (ASX: REH) has been supplying plumbing, bathroom, heating, ventilation, air conditioning, waterworks, and refrigeration products to customers in the trade, retail, commercial, and infrastructure markets for over a century. Reece holds significant market positions across the globe.
Reference: *All Data has been sourced from Company announcements and Refinitiv, Thomson Reuters
Frequently Asked Questions (F.A.Q)
What are the Top Upcoming Dividend Stocks?
As of YTD 29 February 2024, Woodside Energy Group Limited (ASX: WDS) had an annual dividend yield of 7.15%. WDS has proven to have a reliable dividend growth history. As of YTD 29 February 2024, Steadfast Group Limited (ASX: SDF) had an annual dividend yield of 2.75%.
Describe the Payout Ratio.
To put it simply, it's an important financial metric that's used to determine how long a company can keep paying out dividends. It is the percentage of a company's total net income that is distributed to shareholders as dividends. Businesses generally maintain sensible dividend policies for every upcoming dividend.
Which ASX Stocks have consistently paid the highest dividends in the past?
The biggest coal-focused company listed on the ASX, Yancoal Australia Limited, offers a dividend yield of 11.90% as of 29 February 2024. The annual dividend yield of Zimplats Holdings Limited is 16.41% as of 29 February 2024.
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