Yahoo Finance Top Rated ASX Dividend Stocks
Dividend-paying companies such as Credit Corp Group and Australia and New Zealand Banking Group can help grow your portfolio income through their sizeable dividend payouts. Great dividend payers create a safe bet to increase investors’ portfolio value as payouts provide steady income and cushion against market risks Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Below are more huge dividend-paying stocks that continues to add value to my portfolio holdings.
Credit Corp Group Limited (ASX:CCP)
Credit Corp Group Limited provides debt purchase and collection, and consumer lending services. The company provides employment to 1016 people and has a market cap of AUD A$873.55M, putting it in the small-cap category.
CCP has a good dividend yield of 3.39% and their payout ratio stands at 49.16% , with analysts expecting this ratio in three years to be 49.90%. The company’s DPS has increased from AU$0.15 to AU$0.62 over the last 10 years. It should comfort existing and potential future shareholders to know that CCP hasn’t missed a payment during this time. Interested in Credit Corp Group? Find out more here.
Australia and New Zealand Banking Group Limited (ASX:ANZ)
Australia and New Zealand Banking Group Limited, together with its subsidiaries, provides various banking and financial products and services to individual and business customers. Founded in 1835, and currently run by Shayne Elliott, the company size now stands at 39,540 people and with the company’s market cap sitting at AUD A$75.62B, it falls under the large-cap stocks category.
ANZ has a substantial dividend yield of 6.07% and has a payout ratio of 63.00% , with analysts expecting this ratio in three years to be 71.85%. While there’s been some level of instability in the yield, ANZ has overall increased DPS over a 10 year period from AU$1.36 to AU$1.60. Australia and New Zealand Banking Group’s earnings per share growth of 25.23% over the past 12 months outpaced the au banks industry’s average growth rate of 8.48%. Dig deeper into Australia and New Zealand Banking Group here.
Commonwealth Bank of Australia (ASX:CBA)
Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. Formed in 1911, and now run by Matthew Comyn, the company provides employment to 42,959 people and has a market cap of AUD A$119.79B, putting it in the large-cap group.
CBA has an appealing dividend yield of 6.31% and the company has a payout ratio of 74.50% , and analysts are expecting a 77.11% payout ratio in the next three years. Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again. Dig deeper into Commonwealth Bank of Australia here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
