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Date : 26/09/2022

Top 3 High Yield Dividend Paying Stocks for Investors this Week

Dividend paying stocks ASX listed can potentially produce growth in investment income over the long run. We are also in a period where dividend distributions are heightened. FY22 earnings season set a record for the highest dividend by ASX companies.

The dividend distributions and the company’s focus on increasing shareholder returns may make it worthwhile to pay attention to businesses that have committed to delivering good dividends to investors. The payment of dividends can also be taken as an indication of the consistency and profitability of a company, which is why this week, here are the 3 dividend paying stocks ASX listed that we recommend:

  1. GQG Partners Inc. (ASX: GQG)
  2. Sonic Healthcare Ltd (ASX: SHL)
  3. National Australia Bank Ltd (ASX: NAB)

GQG Partners Inc. (ASX: GQG)

GQG is a global investment company with headquarters in the United States primarily concerned with managing active equity portfolios. At the end of August 2022, its funds under management (FUM) totalled $87.4 billion.

The company manages money belonging to investors such as substantial pension funds, sovereign funds, wealth management organisations, and other financial institutions worldwide.

The target payout ratio for the corporation is 90% of distributable earnings. The company’s net operating income, comparable to the net operating profit, increased to US$174.2 million for the first six months of 2022, which was more than the amount of US$172.9 million projected to be the company’s net operating income.

It earned net inflows of $6.3 billion during the first six months of 2022, illustrating how the company’s revenue could continue to increase until investment markets become less volatile. It is one of the attractive ASX dividend stocks due to its payout and possible development due to the possibility that the dividend would grow in tandem with the growth of the FUM.

The payout of the company’s dividend paying stocks ASX is projected to be 14.4 cents per share in 2023, resulting in an 8.7% dividend yield for the company.

ASX GQG Partners Inc top asx dividend stocks

Sonic Healthcare Ltd (ASX: SHL)

Sonic is a healthcare provider specialising in radiography, general practice medicine, radiology, laboratory medicine and pathology. Additionally, Sonic offers corporate medical services.

Regarding ASX’s list of publicly traded companies, we believe it to be one of the more protective of the top ASX dividend stocks. In addition, we believe that it is one of the most consistent dividend equities on the ASX. We have no control over whether or not we will become ill or require medical attention. People typically require a diagnosis, making Sonic’s services necessary.

The company’s primary operations are continuing to show revenue expansion. Without considering the impact of COVID testing, for instance, revenue increased by 2.1% in FY22 compared to FY21 and by 5.5% compared to the fiscal year 2019.

The company’s purchases of Canberra Imaging Group and ProPath have helped its radiology and anatomical pathology departments in the United States, respectively, which is something we applaud.

Compared to the dividend paying stocks ASX in FY19, the total dividends paid out in FY22 were $1 per share, representing a 10% increase.

For FY23, analysts predict a dividend of $1.03 per share, which works out to a yield of 4.7% when franking credits are factored in.

ASX Sonic Healthcare Ltd dividend paying stocks asx trend on tradingview.com

National Australia Bank Ltd (ASX: NAB)

This banking giant’s dividend share is another dividend paying stocks ASX available right now that could benefit investors seeking passive income.

The National Australia Bank (NAB) seems to be in an excellent position to profit from the current environment, with rising rates and high liquidity. Because of this, Citi raised its stock rating to “buy” from “neutral” and set a new price objective of $32.75. The broker believes that NAB’s net interest margin will be boosted due to historic levels of surplus liquidity, notwithstanding the quick increase in interest rates.

In addition, Citi anticipates that the dividend yields generated by NAB’s dividend paying stocks ASX will be rather attractive. It is expected to pay a dividend of $1.50 per share in the fiscal year 2022, followed by a dividend of $1.85 per share in the fiscal year 2023. This will result in fully franked returns of 5% and 6.2%, respectively, based on the current price of NAB shares, which stands at $29.82.

National Australia Bank Ltd ASX dividend stocks trend on tradingview

 

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