Today, we’ll look at some of the best dividend-paying stocks on the ASX for 2021.
Not only are most of these stocks high yield, but most of them have been growing their dividends year on year – or will likely grow them in the near future.
Even though the coronavirus has disrupted pretty much all of these companies, these are all strong resilient blue chips that will bounce back once we recover.
If you are looking for Australian dividend stocks that have a strong and predictable dividend yield and prefer dividend investing, the best place to look is for companies that are mature and dominant in their field.
If you are looking to buy Australian dividend stocks for the long-term and looking for strong stable dividend yield, these are some of the best dividend stocks to buy now on the ASX for 2021.
Best Dividend Stocks To Buy Now
The hardest part when it comes to dividend investing is to uncover shares that have the strongest most predictable revenue lines and are market leaders in their field.
Without a doubt, some of these best dividend-paying stocks will be familiar names to you and form the bedrock of many Australian stock portfolios.
Our Research team has been hard at work finding the best dividend stocks to buy now in Australia for dividend investing.
I’ve outlined 5 stocks that we feel represent some of the best dividend stocks in the Australian market.
Origin Energy (ASX ORG) is a High Yield Dividend Play with Growth Potential
Origin Energy (ASX ORG) is a leading integrated energy company and Australia’s largest energy retailer by revenue size and customer accounts.
With a new technology acquisition in play, Origin plans to improve its customer experience and reduce costs with a new highly automated platform called Kraken.
With this new platform and reduced costs, Origin could see growth in their EPS and dividends in the near future.
As a utility, Origin is a good and steady dividend play with growth potential that can add a dependable ballast to a portfolio.
Webjet (ASX WEB)
Webjet is a market-leading digital travel business that is rapidly expanding from the B2C to the B2B market.
With recent acquisitions, Webjet’s B2B business is now the No.2 global player in the market.
Webjet has experienced strong year on year growth and continues to grow its dividend payout.
We think Webjet has a strong, globally diversified business with a lot of future upside and earning potential.
CSR Limited (ASX CSR)
CSR is an Australian listed company that manufactures and sells building products, aluminium, and house design solutions.
CSR has seen a strong year on year EPS growth with a lower PE ratio than its peers. CSR has a built their business towards sustainability which is in line with new homeowner demand and a good stock to be in for dividend investing.
Medibank Private (ASX MPL)
Medibank Private (ASX MPL) is an Australian-based private health insurance provider. Medibank is in the business of underwriting and distribution of private health insurance policies through the Medibank and ahm brands.
Since this is such a stable industry, Medibank can be considered one of the most stable dividend shares with predictable revenue.
Wesfarmers (ASX WES)
Wesfarmers is one of the largest companies in Australia and owns the very successful Bunnings brand.
Wesfarmers has run into some trouble recently with a failed Bunnings UK business and a resurgent Woolworths (ASX WOW) which has put pressure on their supermarket business.
However, they have now cut the Bunnings UK business and just divested their mature Coles business.
This means there is a lot of flexibility ahead for Wesfarmers to perform even better.
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This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.