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Date : 01/11/2021

5 ASX Dividend Stocks With Biggest Gains In October 2021

5 Biggest Gainers ASX Dividend Stocks For October 2021

The ASX 200 closed 58.4 points or 0.80% higher to $7,382.10 on Monday, partially retracing last week’s losses of 1.26%. The market reacted positively to a better-than-expected local data boosted sentiment amid easing lockdown restrictions and the return of international arrivals across the country.

Our List of ASX Dividend Stocks Of 2021

Are you looking for some dividend shares to buy in November? If you are, then you might want to look at the ones listed below. Here’s why these ASX 200 dividend shares could be in the buy zone:

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

If you do not already have exposure to the banking sector, then it may be worth considering ANZ. The banking giant has recently released its full-year results and outperformed the market’s expectations. For the 12 months ended 30 September, the bank reported a 72% jump in statutory profit after tax to $6,162 million and a 65% increase in cash earnings from continuing operations to $6,198 million.

This strong profit growth was underpinned by a significant reduction in provisions compared to the prior corresponding period, tightly managed expenses, and profit growth in Australia Retail and Commercial.

Based on the current ANZ share price of $28.15, this will mean yields of 5.2% and 5.8%, respectively, for investors.

DEXUS Property Group (ASX: DXS)

Another ASX 200 dividend share to look at is this Australian real estate company. DEXUS has a focus on owning, managing, and developing office, industrial and retail properties. The company has recently added to its portfolio with the acquisition of $900 million of industrial assets. This includes a logistics facility leased to Australia Post and a majority stake in Jandakot airport.

As for dividends, we are forecasting dividends per share of 53.7 cents in FY22 and 58.1 cents in FY23. Based on the current Dexus share price of $10.87, this will mean yields of 4.9% and 5.3%, respectively.

Interest rates are still expected to stay low for years, which could make the investment income from these businesses attractive to think about. Not every business that pays a dividend has a history of consistency, but these following shares do:

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Pattinson is the ASX dividend share with the longest dividend growth record on the ASX. The investment conglomerate has increased its dividend every year since 2000. The firm has a diversified portfolio, which helps it lower exposure risk to any industry or investment.

In terms of actual businesses, Soul Pattinson is invested in, comprise of TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), Ampcontrol, Pengana Capital Group Ltd (ASX: PCG), Pengana International Equities Ltd (ASX: PIA), Bki Investment Co Ltd (ASX: BKI) and Round Oak.

The business receives investment income each year from its portfolio. This allows Soul Pattinson to pay out that steadily growing dividend whilst re-investing for more opportunities.

After the recent merger with Milton, there are a few areas that the ASX dividend share is looking for more opportunities: global shares, health and ageing, the energy transition, agriculture, financial services, and education. The Milton merger will give it more than $2 billion of additional liquidity as well as additional debt capacity at a low cost. At the current SOL share price, the firm has a grossed-up dividend yield of 2.7%

Charter Hall Long WALE REIT (ASX: CLW)

This is one of the larger real estate investment trusts (REITs) on the ASX. CLW has a market capitalisation of around $3 billion. Charter Hall owns a portfolio of different properties across different sectors. The one thing that all the properties have in common is that the REIT aims to have a long rental tenancy with them.

CLW is invested in sectors such as social infrastructure, office, industrial, diversified long weighted average lease expiry (WALE), convenience retail, hospitality, and agri-logistics.

Charter Hall will have a WALE of 12.6 years following its latest transaction. The weighted average rent review (WARR) of 2.9%. The company has many high-quality tenants including Endeavour Group Ltd (ASX: EDV), various federal and state government entities, Telstra Corporation Ltd (ASX: TLS), BP, Inghams Group Ltd (ASX: ING), Coles Group Ltd (ASX: COL), David Jones and Metcash Limited (ASX: MTS).

The ASX dividend share’s property portfolio has an occupancy rate of 98.4%. Combined with the long WALE, this business has a high level of income visibility. CLW aims to pay investors a distribution payout ratio of 100%, which results in a relatively high yield. Hence, we are projecting that this REIT stock will pay a lucrative yield of 6.3% for FY22.


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