June Financial Dividend Favorites – Advanced Share Registry And More
Advanced Share Registry, AUB Group, and Credit Corp Group are financial services stocks that generally perform in-line with the economy. Firms in this sector offer services ranging from investment banking to consumer finance. During downturns, financial services companies tend to be hit the hardest as net interest margins shrink and credit losses grows. However, during prosperous times, they report robust profits and many pay attractive dividends. If you’re a long term investor, these high-dividend financial stocks can boost your monthly portfolio income.
Advanced Share Registry Limited (ASX:ASW)
ASW has an alluring dividend yield of 5.68% and pays 105.75% of it’s earnings as dividends . The company’s dividends per share have risen from AU$0.015 to AU$0.042 over the last 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. There have been no periods of negative earnings in the last five years for Advanced Share Registry. More detail on Advanced Share Registry here.
AUB Group Limited (ASX:AUB)
AUB has a solid dividend yield of 3.05% and is paying out 61.88% of profits as dividends , with analysts expecting the payout in three years to be 64.54%. The company’s dividends per share have risen from AU$0.16 to AU$0.43 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Interested in AUB Group? Find out more here.
Credit Corp Group Limited (ASX:CCP)
CCP has a good-sized dividend yield of 3.27% and pays out 49.16% of its profit as dividends , with the expected payout in three years being 49.90%. While there’s been some level of instability in the yield, CCP has overall increased DPS over a 10 year period from AU$0.15 to AU$0.62. Interested in Credit Corp Group? Find out more here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.