Discover upcoming dividends
The dividend data presented below is updated between 4:10pm and 4:30pm AEST each ASX trading day.
Some definitions
In case you need a fresh reminder about the terms like we sometimes do
Questions about dividend investing?
Dividends are payments a corporation makes to shareholders. When you own stocks that pay dividends, you are receiving a share of the company profits.
Dividend investors search for investments with high yield, that is, investments that pay regular reliable income just by holding them. Dividend investing is a strategy of buying stocks that pay dividends in order to receive a regular income from your investments. This income is in addition to any growth your portfolio experiences as the stock in it gains value.
If the company you own shares of has a dividend reinvestment plan, or DRIP, you can choose to have your dividends reinvested to buy additional shares, rather than having them paid out as a profit. This is a useful strategy when your dividends are small, either because the company is growing or because you don't own much stock.
Good dividend investors tend to look for dividend safety, or how likely it is that a company will continue to pay dividends at the same or higher rate. While there are companies that assess and rank dividend safety for different stocks, you can also begin to analyze a corporation's level of safety by comparing earnings to dividend payments. If a company earns $100 million and pays out $90 million in dividends, you'll make more of a profit than you would if they only pay $30 million in dividends. However, if it pays out $90 million in dividends and profits fall by 10%, the company won't be able to continue paying at this same high rate. This, in turn, reduces your income. The $30 million dividend payout could also decrease in this scenario, but by a much lower percentage. In general, companies that pay 60% or less of earnings as dividends are safer bets because they can be counted on for predictability. Dividend safety is also determined by how risky or new an industry is. Even if a company has a low dividend payout ratio, your dividend payment is less safe if the industry is unstable. For instance, COVID-19 rendered industries like retail, airlines, and hotels unstable while consumer goods, healthcare, and technology became more stable choices. Look for companies that have a history of stable income and cash flow. The more stable the money coming in to cover the dividend, the higher the payout ratio can be.
A high dividend yield strategy focuses on slow-growing companies that have substantial cash flow. This allows them to fund large dividend payments and produces an immediate income. If a stock pays a $1 dividend and you can buy shares for $20, the stock has a 5% dividend yield. If you invest $1 million, you would receive $50,000 in dividend income.
A high dividend growth rate strategy focuses on buying stock in companies that currently pay lower-than-average dividends but are growing quickly. This allows investors to buy profitable stocks at a lower rate and make a large absolute dollar income over a 5- or 10-year period. During Walmart's expansion phase, it traded at such a high price-to-earnings ratio that the dividend yield looked quite small. However, new stores were opening rapidly, and the per-share dividend increased quickly as profits climbed. In this case, a buy-and-hold strategy would have produced significant income as dividends increased.