Here are two listed investment company (LIC) dividend shares that have yields of more than 7%:
WAM Leaders Ltd (ASX: WLE)
WAM Leaders recently announced its half-year result to 31 December 2019
Over the six months to 31 December 2019 the WAM Leaders investment portfolio grew by 6.6% before fees, expenses and taxes, compared to the 3.1% return of the S&P/ASX 200 Accumulation Index. Over 2019, WAM Leaders’ gross portfolio performance was 27.3% compared to 23.4% for the index.
Some of WAM Leaders’ biggest performers were Fortescue Metals Group Limited (ASX: FMG) which went up 21.5%, CSL Limited (ASX: CSL) which went up 28.3% and Western Areas Ltd (ASX: WSA) which went up 54.2%.
The WAM Leaders Board declared an interim dividend of 3.25 cents per share, representing a 22.6% increase on the FY19 dividend which brought the annualised grossed-up dividend yield to 7.2%, which is very attractive in this world of low interest rates and uncertain times for blue chips.
Clime Capital Limited (ASX: CAM)
Clime hasn’t reported its December 2019 result yet, but it’s likely to be a solid result because of the strong ASX market performance over the six months and twelve months to 31 December 2019.
The LIC has been paying a quarterly dividend of 1.25 cents per share for a couple of years now, which is attractive income stability, although a little bit of growth would be preferred.
It has a diversified portfolio of ASX large caps, mid-caps and small caps with its top stock holdings being shares like Amcor Plc (ASX: AMC), BHP Group Ltd (ASX: BHP), Webjet Limited (ASX: WEB), Bravura Solutions Ltd (ASX: BVS) and Electro Optic Systems Hldg Ltd (ASX: EOS), those businesses are a range of different sizes.
It currently offers a grossed-up dividend yield of 7.4%.
Both of these shares offer attractive yields. I’d probably choose WAM Leaders over Clime because of the continued growth of the dividend and consistent good returns.
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd, CSL Ltd., and Electro Optic Systems Holdings Limited. The Motley Fool Australia has recommended Amcor Limited, Bravura Solutions Ltd, and Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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