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|
|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|
|MYE||MASTERMYNE GROUP LTD||0.88||0.04||4.55||-4.21||89.50M|
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.