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Dividend Stocks: Here are some of the ASX’s most generous payers
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Dividend stocks on the ASX have predominantly been large caps. While COVID-19 has caused some to cut back, others — including some small caps –continued to make generous cash payments to shareholders.
Stockhead has identified all of the dividend paying small caps and ranked those with a yield above 4.5 per cent — the ASX200 average in 2019.
Here are all the ASX dividend stocks with yields above 4.5 per cent:
Swipe or scroll to reveal the full table. Click headings to sort.
Note: Market cap cut off is $500m, dividends only counted when paid between June 1 and October 30.
| Code | Name | Price (14/9/20) | Dividend per share | Yield | YTD % Return | Market Cap |
|---|---|---|---|---|---|---|
| EYE | NOVA EYE MEDICAL LTD | 0.32 | 0.135 | 42.19 | -13.71 | 45.95M |
| BSE | BASE RESOURCES LTD | 0.3 | 0.035 | 11.67 | 33.33 | 353.40M |
| ASH | ASHLEY SERVICES GROUP LTD | 0.32 | 0.027 | 8.44 | -14.32 | 46.07M |
| SDG | SUNLAND GROUP LTD | 1.29 | 0.1 | 7.75 | -15.83 | 177.30M |
| FWD | FLEETWOOD CORP LTD | 1.71 | 0.12 | 7.02 | -13.43 | 161.31M |
| CGO | CPT GLOBAL LIMITED | 0.19 | 0.0125 | 6.58 | -10.97 | 7.27M |
| TPC | TPC CONSOLIDATED LTD | 1.55 | 0.08 | 5.16 | 80.65 | 17.42M |
| BIS | BISALLOY STEEL GROUP LTD | 1 | 0.05 | 5.00 | -10.71 | 45.42M |
| KSL | KINA SECURITIES LTD | 0.81 | 0.04 | 4.94 | -37.79 | 141.11M |
| XRF | XRF SCIENTIFIC LTD | 0.29 | 0.014 | 4.83 | 28.26 | 39.48M |
| CGR | CML GROUP LTD | 0.37 | 0.0175 | 4.73 | -33.93 | 80.50M |
| MOC | MORTGAGE CHOICE LTD | 0.77 | 0.035 | 4.55 | -32.23 | 96.87M |
| GAP | GALE PACIFIC LTD | 0.22 | 0.01 | 4.55 | -11.78 | 60.59M |
| SXE | SOUTHERN CROSS ELECTRICAL | 0.45 | 0.03 | 6.67 | -23.08 | 111.43M |
| IPC | IMPERIAL PACIFIC LTD | 1.03 | 0.0625 | 6.07 | 1.98 | 3.18M |
| RXP | RXP SERVICES LTD | 0.42 | 0.025 | 5.95 | -17.15 | 67.66M |
| AVG | AUSTRALIAN VINTAGE LTD | 0.5 | 0.027 | 5.40 | -5.71 | 138.95M |
| EZL | EUROZ LTD | 1.13 | 0.06 | 5.31 | 18 | 182.83M |
| SHM | SHRIRO HOLDINGS LTD | 0.61 | 0.03 | 4.92 | -4.46 | 57.53M |
| AKG | ACADEMIES AUSTRALASIA GROUP | 0.29 | 0.01365 | 4.71 | -43.55 | 37.65M |
| TWD | TAMAWOOD LTD | 3 | 0.14 | 4.67 | -8.39 | 84.79M |
| MYE | MASTERMYNE GROUP LTD | 0.88 | 0.04 | 4.55 | -4.21 | 89.50M |
The most generous dividend-paying stocks
Taking top ranking for giving back shareholders the most cash is eye-care company Nova Eye Medical (ASX:EYE).
On top of a standard dividend, shareholders also received a capital return from the sale of the company’s lasers and ultrasound business to European optometry company Lumibird.
While not many small cap miners made the list of dividend stocks, Africa-focused mineral sands producer Base Resources (ASX:BSE) took out silver.
The company opted to pay a 3.5c-per-share dividend after booking revenues of $US208m ($284.4m) and a net profit of about $US40m.
A handful of companies in the industrial sector were also dividend-paying stocks.
These included Fleetwood (ASX:FWD), Southern Cross Electrical (ASX:SXE) and home builders Sunland Group (ASX:SDG) and Tamawood (ASX:TWD).
Upskilling, refinancing stocks pay-out too
The COVID-19 pandemic has led to many people considering their financial positions and futures. A number of companies that have benefited from this strong demand for financial advice have also made the list of dividend-paying stocks.
These include finance brokers Mortgage Choice (ASX:MOC) and CML (ASX:CGR), which has been helping people refinance their debts or pay them down, and broker Euroz (ASX:EZL), which has played its part in the boom in equity market activity in 2020.
This was driven by the dual forces of ASX-listed companies pushing to top up the coffers or capitalise on new opportunities while people worried about financial insecurity sought a new way to build wealth by trying out the stock market.
Education provider Academies Australasia (ASX:AKG) and training, recruitment and labour hire firm Ashley Services (ASX:ASH) have also paid dividends in recent months.
