You are probably here to find out what the best dividend stocks paying stocks Australia has to offer are. We can assure you that you will not be disappointed.
Dividends are tokens given to an investor of a company, by the company. Asides from an increase in share price, dividends are an efficient way to make money on a stock exchange.
Dividends are a great source of passive income and in this list, we will let you in on the best dividend paying stocks Australia has to offer. These companies have high dividend yields and are quite promising in terms of growth.
Without further ado, let’s get into this list of the best dividend paying stocks Australia has to offer. They include;
1. Vita Group Ltd. (ASX: VTG)
Vita Group is a company that deals uses retail to market and sell its goods and services. The company has three divisions: the Comfort division, the technical division, and the Flooring division.
The Comfort division provides various products such as furniture, sustainable polyurethane (PU) foams, beddings and bed-in-care, sports and leisure, and other consumer products.
The Technical division designs and manufactures materials for diverse markets like transport, industrial, and medical. The Flooring division, as the name implies deals with the manufacture of floors including shock pads and underlay.
As you can see, Vita Group is a diverse and profitable company. It has a 34.29 million AUD market capital. It is notably one of the best dividend paying stocks Australia has to offer with a dividend yield of 12.3 percent.
2. BSA Ltd. (ASX: BSA)
BSA Limited is an Australian company that provides communications and technical infrastructure, equipment, and services to different sectors. Such sectors include the telecommunications, broadcast, and utility sectors.
The Company’s services include installation, repair, maintenance services, and support to its customers. BSA limited also offers building services like plumbing, air conditioning, ventilation, logistics, warehousing, and many others.
This is another diverse company with a market capital of 30.25 million AUD. BSA limited also offers a dividend yield of 9.43 percent. It deserves a spot on the list of the best dividend paying stocks Australia has to offer.
3. Fortescue Metals Group Ltd. (ASX: FMG)
Fortescue Metals Group Limited ranked number four in the list of the world’s largest iron ore producers in 2017. The company is involved in the metal and mining industry specializing in iron ore.
Fortescue Metals Group is heavily involved in the exploration, development, and production of iron ore. Although, the company is also involved in the mining and production of steel, gold, copper, and lithium
Fortescue Metals has an impressive market capital of 53.60 billion AUD and a mouth-watering dividend yield of 17.05 percent. The company earns its spot on our list of the best dividend paying stocks Australia has to offer.
So there we have it, the best dividend paying stocks Australia has to offer. These are all successful companies and are also diversified.
Make sure you do your research and consider adding anyone (maybe all) of these stocks written here. Thanks for reading.