Overview of High-Yield Dividend Opportunities on the ASX
Investors seeking attractive dividend yields on the ASX may not need to look any further. Analysts have highlighted three noteworthy companies poised for potentially lucrative dividend disbursements in the near future.
APA Group (ASX: APA) in the Limelight
APA Group Dividend Projections: This energy infrastructure stalwart has a robust track record of dividend growth, almost spanning two decades. With the nods from Macquarie, dividends per share could climb to 56 cents in FY 2024 and 57.5 cents in FY 2025. At its current share price, we’re looking at yields of 6.7% and 6.9%, respectively.
Spotlight on GDI Property Group Ltd (ASX: GDI)
GDI Property’s Dividend Outlook: GDI Property Group, known for its integrated property and funds management operations, is another candidate on the high-yield radar. Projections from Bell Potter set the dividend bar at 5 cents per share over the next three years, translating to a consistent yield of 8.5% based on the current share price.
South32 Ltd (ASX: S32) Making Moves
Future Yields from South32: As a diversified miner, South32’s fortunes are linked to commodity prices, with a significant portion of its earnings tied to copper, aluminium, zinc, and met coal. Projected dividends exhibit a positive curve, pegged at 4 US cents for FY 2024, climbing to 18 US cents by FY 2026, spelling yields ranging from 1.8% to 8.5%.
With these insights on ASX dividend shares, investors have the potential to secure higher yields than the average market offering. The spotlighted companies, APA Group, GDI Property Group, and South32 Ltd, each promise a unique dividend narrative worth attention from dividend-focused portfolios.
Investing in dividend shares involves risks like any other investments. It’s essential to perform due diligence before making investment decisions.