ASX Companies that pay a high dividend are suitable for those investors who want to generate passive income from dividends, apart from price appreciation (Capital Gain). The best way to find these dividend stocks is to compare their annual dividend yield, which gives an idea of their consistent cash flows.
(The dividend yield is a percentage of payout by companies to the investor as a dividend. It can be in cash or stock distributed from a company’s earnings and usually paid out annually or quarterly.)
Related Post –
AXS High Dividend Stocks (2022)
Below, you can check the list of the 30 highest dividend-paying companies that distribute a significant part of the profits to the investors in form of Dividends.
The following list is not conclusive; it is simply filtered by:
- Market Capitalisation $1 Billion +
- Dividend Yield 7.00% +
- Selected AXS 300
Also, Check –
-> 6 Best Dividend ETFs For Passive Income
-> UK Dividend Aristocrats List
Upcoming Dividend ASX – 2022 Dates
Companies usually announce dividends at least 1 month before the ex-dividend date. If you want to receive a dividend, you must own that company share or purchase stocks before the ex-dividend date.
Is Dividend Can Be a Passive Income Source?
Well, it depends on person to person. “How much money do they consider as a passive income.”
Let’s say you want to generate $1000 a month through dividend stocks, and the average yield is 5%. Then for that kind of amount, you have to own at least a $2,40,000 portfolio (1000×12/5%).
And it’s just not easy because some companies pay dividends; others don’t. Sometimes the money is used to reinvest in the company or fund other projects. So you have to understand and analyze the overall situation before buying dividend-paying stocks.
Disclaimer For Investors 👀
The information included at this site is for educational purposes only and is not intended to substitute for investment advice. So before investing, you should carefully consider the Fund’s investment objectives, risks, charges, and expenses.
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