Image of Money and February
Image of Money and February

What are the highest paying divend stocks on the ASX?

Going into February we are seeing rates being held at their all-time lows, and with this we are seeing incredibly low yields. What are the highest paying divend stocks on the ASX? For many investors having a steady income is a key part of their investment strategy. So today we are breaking down some of the highest yielding dividend shares going into February.

CompanyYieldGross YieldRisk
Alumina Limited11.98%17.12%High
Bank of Queensland8.58%12.25%Medium
Air NZ 7.84%7.84%Medium
Harvey Norman7.77%11.09%Low
Westpac Bank6.88%9.82%Low
WAM Capital Ltd6.86%9.80%Medium
Bendigo & Adelaide6.80%9.72%High
NAB6.41%9.16%High
Charter Hall Retail6.20%6.20%Medium
ANZ6.19%8.45%Low
AGL Energy6.00%8.05%Medium
Suncorp 5.44%7.76%Low
Super Retail Group5.26%7.52%Low
Nine Entertainment5.21%7.44%Low
Crown Resorts5.17%6.11%Medium
Commonwealth Bank5.04%7.21%Medium

What are the highest paying divend stocks on the ASX? The risk is based on our beliefs if the dividend will be cut throughout the year, and if the company represents a yield trap.

We are not qualified investment professionals and cannot give specific investment advice. This information is opinion only. It is not intended as financial advice. Prophet is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information contained in this article.  Please do your own research. Some information may be out-of-date or inaccurate. 

-This is opinion only. This is not investment advice-

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