Wise traders choose to invest in diverse and prolific markets with maximum chances of profits. In this process, they also pick companies from certain nations. They choose countries very carefully after analyzing their markets’ performance thoroughly. Australia is one such country that readily becomes the first choice of investors. This developed nation is home to many well-established enterprises in different domains.
You will find promising names in every sector here, from tech to energy, healthcare, and entertainment. That’s why it often becomes difficult for traders to find the right company. Thankfully, experts have developed listicles like this to help such investors. Here are some companies that are mainly doing great in distributing dividends. By choosing them, investors can enhance their chances of making profits.
Top Dividend Stocks of Australia
Companies that performing great on the Australian Stock Exchange (ASX) include the following:
Zimplats (ZIM: ASX)
Zimplats is a major mining company that operates in Zimbabwe. They mainly focus on platinum, hence the name. It also mines osmium, ruthenium, iridium, rhodium, and palladium. In the past five years, its shares have risen by 314%. Moreover, it is expected to rise even more as global mineral supply. which is at an all-time low. Zimplats can fill the gap, and its dividend yield is 11.9%.
Woodside (WDS: ASX)
It is Australia’s largest independent dedicated energy company focusing on exploration and production. The organization is known for spearheading the LNG industry in Australia. Nonetheless, it is shifting its focus from fossil fuels to renewable energy. It has operations in many countries and some ambitious projects, too. With a dividend yield of 9.8%, the WDS stock is a favorite of investors.
Whitehaven Coal (WHC: ASX)
Whitehaven Coal started operations in 1999 and currently owns 5 mines in Australia. In 2011, the company also started operating trains. Besides that, the company also exports thermal and metallurgical coals. Amidst the ongoing shift to clean energy means, it seems perfectly fine. With a dividend yield of 9.6%, the WHC stock is undoubtedly a promising pick.
BHP (BHP: ASX)
With multiple feathers in the cap, BHP has always been a profitable stock. In terms of market capitalization, it was the world’s largest mining company till 2017. It deals with multiple metals, but its biggest profit generator is iron ore. Operating in different countries, it has built a solid reputation. Its dividend yield is 9.1%.
GR Engineering Services (GNG: ASX)
GR is a major engineering consulting and contracting company. It specializes in high-end designs and overarching construction services. It operates in over 20 nations and caters to mining and mineral processing industries. The company has been progressively moving ahead with streamlined operations and cutting-edge technology. Furthermore, it has delivered a dividend yield of 8.4%.
Conclusion
The stocks mentioned above have an excellent record of distributing dividends. They have mostly lived up to the expectations of the investors. Yet, traders must be wise before putting their money into any stock. Thus, they need to analyze the stocks’ performance themselves and then make a decision. However, these stocks have higher chances to perform well in Sep 2023.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/09/24/5-dividend-driven-australian-stocks-to-look-out-for-in-sep-2023/