Dividend Stocks: Here are some of the ASX’s most generous payers
Link copied to
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.
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.
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.