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Date : 18/12/2020

Top 6 ASX-listed Dividend Stocks to Look Out For

ASX Dividend Stocks

Capital gains on investments comes with an added element of risk. Dividend income on the other hand is a lot safer comparatively. Due to the pandemic, the brick and mortar sectors have been adversely affected and we have seen widespread losses in stock prices and also a lot of the heavyweights cutting or cancelling dividend payouts.

Most of the sectors that have performed well such as Technology and Consumer Services do not pay a dividend and it has become extremely taxing to find and pick the best dividend stock as there is a risk in dividend policies in the short-term.

Best Dividend Stocks to Buy

Monash IVF (ASX: MVF)

Monash operates in the human fertility and assisted reproductive industry and is the second biggest player in Australia’s fertility industry. Since the IPO of Monash IVF, it has been quite busy acquiring clinics to broaden its market position and penetration levels. The current strategy of MVF is to integrate diagnostic services with fertility and seek opportunities in the Asia-Pacific region. IVF is a pretty stable market and hence, the firm is already a high dividend stock on the ASX.

Monash has also raised equity recently in a bid to reduce its debt levels and mitigate some of the impacts of the pandemic. Stimulated cycles have seen a growth of about 25% since restrictions surrounding non-essential treatments were lifted. The firm’s revenues are forecasted to increase in the coming years as the MVF sees growth in its operations – making it one of the best dividend stocks to buy in the ASX.

Origin Energy (ASX: ORG)

Origin Energy is one of the best oil stocks on the ASX. It demands a market capitalisation of over $8 billion. The performance in 2020 for all oil stocks has been miserable. However, in the last 3 months ORG has returned 9.13% to investors.

Origin Energy reported September 2020 quarter production was stable compared to the prior quarter, with higher operating production offset by reduced non-operated production due to planned maintenance. Origin has reaffirmed its FY2021 guidance. With electricity demand set to rise and the firm’s halted expansion project estimated to resume soon there are tailwinds on the horizon for the firm and the sector. With a dividend yield of 6.32%, it is one of the best dividend stocks to buy in the ASX.

IOOF Holdings (ASX: IFL)

The financial services giant is part of the ASX200 index with over 500,000 clients and $202 billion in funds under management. The firm provides financial advice, portfolio management, investment management, and estate administration services in Australia and New Zealand. IFL has been a steady performer in the past and has had a particularly good last couple of years since the Royal Commission debacle. Growth rates have been stellar in the revenues department recently. IOOF has performed well recently and is forecasted to continue doing so. The acquisition of MLC will give its growth prospects a boost going forward. With the latest dividend coming in at 11.5 cents per share, IOOF Holdings is one of the best dividend stocks to buy.

Spark Infrastructure Group (ASX: SKI)

Spark is in the business of electricity transmission and distribution in Australia by way of investing in firms that do just that. This means, SKI’s revenues are dependent on the performance of its portfolio companies in an industry that is highly regulated. Spark is part of the ASX100 index – the index that tracks the top 100 firms on the ASX by market capitalisation. The firm has suffered from a decrease in demand for electricity due to pandemic induced restrictions. However, has not utilised any financial assistance from the Government to offset any dips in performance during these unprecedented times. With a vaccine on the horizon and ANZ recovering well from the pandemic, the demand for electricity is set to rebound – adding tailwinds to the business.

The stable business came with a dividend of 7 cents per share in its most recent payout and it is a dividend stock to consider.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue Metals Group Limited (ASX: FMG) is one of the largest iron ore producers in the world and it has performed exceptionally well during a very turbulent 2020. FMG has returned 100% in the year-to-date, with significant gains in the past 6 months. High iron ore prices and a halt in operations to one of its biggest competitors has resulted in an exceptional share price performance.

The company has announced a final dividend of $1.00 per share, fully franked, which takes the total dividend paid in FY 2020 to $1.76 per share, up 54% compared to FY 2019. This reflects 77% payout of FY 2020 net profit after tax (NPAT), at the higher end of 50-80% of full year NPAT as per the company’s declared dividend policy – making FMG arguably one of the best dividend stocks on the ASX in 2020.



Dividends are a top priority to most investors and rightly so. They are a good source of income and have a lower risk associated with it. In light of recent events however, picking dividend stocks has become harder. At Share in Value, we operate a Dividend Portfolio that contains our pick of the best dividend stocks trading on the ASX, helping investors make fully informed investment decisions.

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