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3 High Yielding ASX Dividend Stocks With Up To 7.5% Yield

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Amidst a challenging day on the ASX where every sector closed in the red and the index itself dropped by nearly 85 points, investors may find solace in exploring high-yielding dividend stocks. In times of market volatility, such stocks can offer a semblance of stability and consistent returns, making them an appealing option for those looking to mitigate risk while maintaining income streams.

Top 10 Dividend Stocks In Australia

Name

Dividend Yield

Dividend Rating

Lindsay Australia (ASX:LAU)

6.45%

★★★★★☆

Nick Scali (ASX:NCK)

5.15%

★★★★★☆

Fiducian Group (ASX:FID)

4.01%

★★★★★☆

Centuria Capital Group (ASX:CNI)

6.69%

★★★★★☆

Charter Hall Group (ASX:CHC)

3.59%

★★★★★☆

Eagers Automotive (ASX:APE)

6.97%

★★★★★☆

Premier Investments (ASX:PMV)

4.68%

★★★★★☆

Fortescue (ASX:FMG)

7.51%

★★★★★☆

Diversified United Investment (ASX:DUI)

3.17%

★★★★★☆

Australian United Investment (ASX:AUI)

3.59%

★★★★☆☆

Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener.

Let’s dive into some prime choices out of from the screener.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Beacon Lighting Group Limited, operating both in Australia and internationally, specializes in the retail of lighting products with a market capitalization of A$548.94 million.

Operations: Beacon Lighting Group Limited generates A$312.87 million from the sale of light fittings, fans, and energy-efficient products.

Dividend Yield: 3.4%

Beacon Lighting Group maintains a balanced approach to dividends, with a payout ratio of 59.4% and cash payout ratio at 34.3%, suggesting earnings and cash flows adequately cover distributions. However, the dividend track record has been inconsistent over the past decade, showing volatility in payments despite an overall increase in dividends during this period. Additionally, its current yield of 3.43% is modest compared to leading Australian dividend stocks.

ASX:BLX Dividend History as at May 2024ASX:BLX Dividend History as at May 2024

ASX:BLX Dividend History as at May 2024

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Charter Hall Group, operating under the ticker ASX:CHC, is a prominent Australian property investment and funds management company with a market capitalization of approximately A$5.83 billion.

Operations: Charter Hall Group generates revenue primarily through funds management, which contributes A$515.60 million, and property investments, adding A$142.20 million.

Dividend Yield: 3.6%

Charter Hall Group offers a stable dividend yield of 3.59%, consistently paid over the last decade, though it falls below the top quartile of Australian dividend payers at 6.39%. The dividends are well-supported by both earnings and cash flow, with payout ratios of 43.8% and 45.3% respectively, ensuring sustainability. Despite this reliability, its profit margins have decreased to 11.7% from last year’s 42.9%, suggesting potential pressures on profitability even as earnings are expected to grow by 21.16% annually.

ASX:CHC Dividend History as at May 2024ASX:CHC Dividend History as at May 2024

ASX:CHC Dividend History as at May 2024

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Fortescue Ltd is an Australian company specializing in the exploration, development, production, processing, and sale of iron ore domestically and internationally, with a market capitalization of approximately A$82.34 billion.

Operations: Fortescue Ltd generates revenue primarily through its metals segment, which brought in A$18.47 billion, and its energy operations contributed A$0.08 billion.

Dividend Yield: 7.5%

Fortescue’s dividend history shows variability, with significant fluctuations over the past decade. Despite this, recent figures indicate a robust coverage with a payout ratio and cash payout ratio at 74.2% and 73.1%, respectively, suggesting current dividends are well-supported by earnings and cash flow. However, the company’s earnings are projected to decline by an average of 18.6% annually over the next three years, which could challenge future dividend sustainability. Currently, Fortescue offers a high yield of 7.51%, placing it in the top tier of Australian dividend stocks.

ASX:FMG Dividend History as at May 2024ASX:FMG Dividend History as at May 2024

ASX:FMG Dividend History as at May 2024

Next Steps

  • Dive into all 28 of the Top ASX Dividend Stocks we have identified here.

  • Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.

  • Join a community of smart investors by using Simply Wall St. It’s free and delivers expert-level analysis on worldwide markets.

Looking For Alternative Opportunities?

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:BLX ASX:CHC and ASX:FMG.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com



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Travis Kelce appears to wipe away tears as Brittany Mahomes comforts him during Taylor Swift Eras Tour stop

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Kansas City Chiefs tight end Travis Kelce was spotted in a seemingly emotional state during girlfriend Taylor Swift’s recent Eras Tour stop.

Videos have popped up on social media showing Kelce in a suite alongside his quarterback, Patrick Mahomes, and his wife, Brittany Mahomes, among others, where he appears to be wiping away tears during Swift’s performance in Amsterdam. 

Swift was performing a mashup of songs on the piano at the time, which fans believe were dedicated to Kelce, hence the emotion. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Taylor Swift walks stage

Taylor Swift performs in Amsterdam on July 4, 2024. (Carlos Alvarez/Getty Images for TAS Rights Management)

At one point, Brittany Mahomes was seen talking to Kelce, perhaps trying to give the 34-year-old some love as Swift continued to sing onstage.

After the show, Kelce was seen with Swift walking out of the Amsterdam stadium, and he was hyping up the crowd to cheer for his girlfriend after another successful performance. 

The songs that Swift was apparently singing during that emotional moment for Kelce was “Mary’s Song,” in which she sang the lyrics, “You’ll be 87, I’ll be 89. I’ll still look at you like the stars that shine. In the sky, oh my my my.” The No. 87 is in reference to Kelce’s jersey number, while No. 89 is the year Swift was born: 1989.

TAYLOR SWIFT’S SAFETY WAS TRAVIS KELCE’S TOP PRIORITY DURING ERAS TOUR PERFORMANCE: ‘DO NOT DROP THE BABY

There was also the song “So High School” off Swift’s latest album, “The Tortured Poets Department,” which many fans believe is about Kelce. She also sang “Everything Has Changed” in the mashup.

The Mahomes have been present with Kelce this year at a Swift concert, as Brittany and Swift got very close this past season during Chiefs games all over the country.

Kelce has also taken this offseason to join Swift on the Eras Tour stage, surprising fans at a stop in London in late June, supporting her alongside dancers dressed in tuxedos. 

“On night 3, something magical happened,” Jason Kelce, Travis’s older brother, said on their “New Heights” podcast during its season 2 finale. “Somehow, you made your way on the stage.”

Travis Kelce inn a top hat and tuxedo performs with Taylor Swift in a two piece outfit

Taylor Swift was joined by her beau, Travis Kelce, during the “Tortured Poets Department” set of her Eras Tour concert in London. (Gareth Cattermole/TAS24/Getty Images for TAS Rights Management)

“It’s very unlike me,” Travis replied with a smile. “I don’t love going on stages.

“I initially mentioned it to Tay. I was like, ‘How funny would it be if I just rolled out on one of the bikes during the ’1989′ era?'” he explained to Jason. “She started laughing, and she was like, ‘Would you seriously be up for doing something like that?’ And I was just like, ‘Are you – what? I would love to do that. Are you kidding me?’ I’ve seen the show enough. Might as well put me to work here.’

“She found the perfect, perfect part of the show for me to come in. There was no bike, in case I, like, ran into somebody else or hit one of the dancers or anything. It was like the safest option.”

Swift was seen at one point in Kelce’s arms as he carried her away during the show.

Taylor Swift looks to her left and smile big on stage split Travis Kelce in his red Chiefs jersey smiles on field

Taylor Swift took her Eras Tour to Australia last month, and her boyfriend, Travis Kelce, made a quick visit to see one of her shows in Sydney. (Getty Images)

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It’s truly been a summer of love for these two, though Kelce will head back to work in the coming weeks with Chiefs training camp set to get underway.

Fox News’ Caroline Thayer contributed to this report.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.





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Biden Receives Warm Welcome at Philadelphia Church

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President Biden, facing a political crisis in which some of his Democratic allies are asking him to be more unscripted in order to demonstrate his ability to win over voters, instead stuck to his script on Sunday, reading from notes for an address to a church congregation that lasted roughly seven minutes.

At a worship service at one of Philadelphia’s biggest Black churches, Mr. Biden — speaking without a teleprompter, which he uses in most of his public remarks — sought to reassure a group of voters who helped him win the White House in 2020 that he is still capable of beating former President Donald J. Trump.

“The joy cometh in the morning,” Mr. Biden told several hundred people at Mount Airy Church of God in Christ, where a visit has become something of a rite for Democrats. “You’ve never given up. In my life, and as your president, I’ve tried to walk my faith.”

Mr. Biden is at a tension point in his campaign, with his advisers seeking to keep his appearances tight and other Democratic allies wanting him to be more freewheeling to show he can respond in real time to events.

“They don’t need scripted remarks,” said Steve Sisolak, the Democratic former governor of Nevada. “He needs to show people that he can do it on the spot and answer questions — tough questions — and be out there with voters.”

The president did spend far more time meeting voters at the church and at two events later on Sunday than he has in recent weeks on the campaign trail. Ammar Moussa, a spokesman for the Biden campaign, said Mr. Biden did exactly what he needed to.

“Here’s what happened on the ground today: Joe Biden campaigned with the heart of the Democratic Party and met with voters and elected officials across a key battleground state,” Mr. Moussa said in a statement. “This is the work that wins elections: focusing squarely on engaging and reaching real voters where they are. You’ll see him do that in Michigan this week, Nevada next week, and all of the battlegrounds between now and November.”

With his every movement and utterance under intense scrutiny, Mr. Biden avoided errors in his brief speech. But some Democrats are asking for far more than a gaffe-free morning.

Senator Chris Murphy of Connecticut, appearing on CNN on Sunday, pushed the president to “do a town hall, do a press conference — show the country he is still the old Joe Biden.”

Still, unscripted appearances come with risks, especially after Mr. Biden’s disjointed 22-minute interview with ABC News failed to calm Democratic nerves. He also stumbled during two radio interviews, even though Biden campaign aides had provided the hosts with the questions, a breach of journalistic ethics that led one of the hosts to leave her station.

And although Mr. Biden’s remarks at the church were short, his thoughts occasionally seemed jumbled and his voice could sometimes be hard to hear.

“I know I’m going to be inclined to go on longer than I should here, so I’m not going to,” Mr. Biden said before wrapping up.

His likely opponent in November, Mr. Trump, has no such qualms about talking.

At his marathon rallies, Mr. Trump, using a teleprompter but often going on riffs without it, speaks for upward of 90 minutes. He tells outrageous lies. He employs hateful language. He mixes up names, dates and places.

But the bombastic former president — who at 78 is three years younger than Mr. Biden and with his heavyset frame appears far more physically imposing — does it all with prodigious stamina. Polls show that voters have fewer concerns about Mr. Trump’s age than Mr. Biden’s.

After Mr. Biden attended church, top House Democrats gathered privately to discuss his candidacy, with several senior members suggesting he step aside.

More publicly, Democrats asked him to demonstrate that he could campaign at a high level.

Senator Angus King, an independent from Maine who caucuses with Democrats, said in a statement issued by his spokesman that Mr. Biden should participate in more “unscripted interviews and direct interactions with voters.”

The president will hold a solo news conference after a N.A.T.O. summit on Thursday — which to some Democrats may feel like an eternity, with every day bringing more Biden allies suggesting in public or private that he drop out.

Mr. Biden has insisted he will not do so, saying in his Friday interview that only the “Lord Almighty” could force him to step aside.

He also eschewed his teleprompter at two other events on Sunday. He spoke for about seven minutes at one of his campaign’s offices in Philadelphia, assuring the audience that his alter-ego, Dark Brandon, was “coming back.” And he addressed supporters at a union event outside Harrisburg for another six minutes.

Before Mr. Biden spoke at the Philadelphia church, one congregant, Rachel Hooks, offered a prayer from the stage that did not shy away from the doubts swirling around his candidacy.

“Touch his mind, O God, his body; rejuvenate him and his spirit, O God — bless him and give him direction,” Ms. Hooks said, echoing a similar plea for mental and physical strength she also offered for members of law enforcement.

During his career, the president has frequently turned to Black faith communities both to offer support during community tragedy and to seek it when he is struggling politically.

Black voters make up a key segment of Mr. Biden’s coalition, although polls show their enthusiasm for his candidacy has dipped. Still, they have higher opinions of the president’s performance than other groups and are less likely to think he should drop out, according to a New York Times/Siena College survey conducted after the debate.

“Let him know we’re with him, hallelujah,” one woman shouted out from the audience as Mr. Biden walked onstage and a choir sang.

In an energetic sermon, Bishop J. Louis Felton pointed to Mr. Biden’s well-documented childhood stutter and said his style of speaking should not be held against him.

After the service, Mr. Biden mingled with congregants in the church sanctuary, shaking hands and taking photos for more than 30 minutes.

Stacia Parker, 57, a longtime member of the Mount Airy church, said she thanked Mr. Biden for forgiving $117,000 worth of her student loans. She said she found him cogent and compelling, both onstage and up close in person.

“We don’t kick you when you’re down,” Ms. Parker said, showing off a selfie that the president snapped on her phone with her seven-year-old granddaughter.

Reporting was contributed by Annie Karni, Luke Broadwater, Michael Gold and Maggie Astor.



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Emma Raducanu knocked out of Wimbledon by Lulu Sun after slipping on Centre Court

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Emma Raducanu is out of Wimbledon after being hampered by injury in the deciding set of her fourth-round match against New Zealand qualifier Lulu Sun.

The British wildcard, 21, lost 6-2 5-7 6-2 in a dramatic contest on Centre Court.

Raducanu had levelled the match and regained some confidence after a stunning performance from an inspired Sun.

Then Raducanu slipped on the baseline in the first game of the third set.

The 2021 US Open champion stayed down on the grass and shook her head before getting back to her feet.

The game was stopped at 15-30 on Raducanu’s serve and she received treatment – on her leg and back – while laid out on the court.

A roar of encouragement greeted Raducanu when it became clear she would carry on.

However, she gingerly lost serve immediately and could not recover the break.

Her movement during points improved, despite clasping her back between games, but was broken again for 5-2 and could not take either of two break points before Sun served out on her second match point.

It means the world number 135 missed out on reaching the Wimbledon quarter-finals for the first time in her career, while there are no British players left in the singles draws at the All England Club.



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