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Date : 27/11/2022

3 Amazing ASX Dividend Stocks To Buy This Week

Most Australians, whether saving for retirement or coping with inflation, could use some more cash in their pockets. Many of us would also like to avoid putting in additional hours at work or forego time with loved ones to achieve this level of financial security. However, individuals with funds to put in term deposits right now may need help finding a bank ready to give more than around 3% in interest, particularly on a long-term basis, due to the rising inflation. This is one of the main reasons investors purchase ASX dividend stocks.

The possibility for a steady dividend payout, frequently much more than what can be earned in a savings account, makes dividend shares amazing and appealing to Australian investors.

Here we have listed the top 3 dividend stocks ASX listed to buy this week.

Whitehaven Coal Ltd (ASX: WHC)

Whitehaven Coal Ltd (ASX: WHC), one of Australia’s largest coal producers, mines in New South Wales and Queensland.

When writing, Whitehaven had a trailing dividend yield of 6.0% thanks to its annual payout of 48 cents per share (cps).

The European energy crisis and China’s eventual reopening once COVID-19 is under control show that the world will continue to rely on coal as a source of energy, making this firm a solid dividend investment. As a result, Whitehaven’s profits and dividend payments should remain quite solid because of these tailwinds.

Goldman Sachs has also recently predicted that Whitehaven’s dividend would increase to 84 cps for FY2023, which is more than the consensus estimate of 120 cents. As a result, Whitehaven dividend stocks is now an appealing to dividend investors for the week.

Whitehaven Coal Ltd Dividend

Allkem Ltd (ASX: AKE) 

Allkem Ltd (ASX: AKE) is a worldwide provider of speciality lithium products known for its wide range of high-quality lithium chemicals.

It should be noted that this lithium firm has never before distributed dividends to shareholders. The market forecasts a shift in FY2023, when a dividend payment will be made for the first time. The time spent waiting will have been well worth it.

Bell Potter anticipates a 94.8 cps dividend this fiscal year because of the masses of cash that Allkem is earning from sky-high lithium prices. Dividends of 255.1 cps are projected for both FY2024 and FY2025 as a result of the combination of high pricing and management’s goal of tripling output by 2026.

These amounts would translate to yields of around 5.9% and 15.8%, respectively, based on Friday’s closing price of $16.18 for Allkem’s ASX dividend stocks.

Asx Allkem Limited Dividens

National Australia Bank Ltd (ASX: NAB)

National Australia Bank Ltd (ASX: NAB) is a major Australian financial institution, ASX 200 blue chip stock, that provides banking, investment, and wealth management services. One of Australia’s “big four” banks, with a market cap of about $100 billion.

For the last ten years, NAB’s dividend stocks ASX has consistently provided its shareholders with a stable source of income by distributing fully franked dividends twice a year. A large portion of the bank’s resources is allocated to commercial banking. As well as this, it is in a very secure industry that can weather the storm of interest rate hikes. Based on Friday’s closing price of $31.35, NAB’s dividend stocks ASX are up by over 9% in 2022.

For the 12 months that ended September 30th, NAB recorded a rise in cash profits of 8.3% year on year, to $7.1 billion. The bank increased its annual dividend by 18.9% to $1.51 per share, thanks to a final dividend payment of 78 cents per share. The dividend yield is 4.8% based on the current NAB dividend stocks price.

National Australia Bank Ltd Dividends

 

Dividend Stocks ASX News and Insights:

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