Insights

2 ASX dividend shares that could offer yields of 5% or more today

Coles and Telstra are both offering fully franked yields of 5% or more today
The post 2 ASX dividend shares that could offer yields of 5% or more today appeared first on The Motley Fool Australia. –

When it comes to ASX dividend shares, income (preferably fully franked) is the name of the game. And yet, many ASX shares that pay a dividend have not been fantastic income shares to own. Especially when you take into account last year with the economic effects of the coronavirus pandemic and all.

With record low interest rates seemingly here to stay for a while, finding income on the share market has arguably never been more important from an investing perspective. So here are 2 ASX dividend shares that offer up a trailing dividend yield of 5% or greater today.

Coles Group Ltd (ASX: COL)

Coles is the first ASX dividend share to consider today. This grocery giant was one of the few ASX shares that actually managed to raise its dividend last year, a feat that managed to evade even its arch-rival Woolworths Group Ltd (ASX: WOW).

Coles potentially offers a lot of value as a dividend share due to its inelastic nature. We all need food, drinks and household items, and all of the time at that. As such, since that’s what Coles sells, its earnings base is very stable and somewhat immune to economic downturns.

The last two dividends that Coles paid out amounted to a September final dividend of 27.5 cents per share, and a March interim dividend of 33 cents per share, both fully franked. That gives the current Coles share price a trailing yield of 3.68% today. That grosses-up to 5.26% with full franking credits.

Telstra Corporation Ltd (ASX :TLS)

Telstra is another ASX dividend share to consider today. This ASX telco has long held a reputation as an income juggernaut, despite the infamous payout slash of 2017. That reputation continues today, largely thanks to Telstra’s ability to keep its rather generous dividend payouts steady last year at 2019 levels, despite the pandemic.

Telstra shares have actually had a few very successful months, share price wise. Telstra is up close to 30% since late October last year, and made a new 52-week high earlier this month.

Investors have been appreciating the company’s plans to structurally separate by the end of the year. Telstra’s successful (so far) and ongoing 5G rollout probably isn’t hurting sentiment either. That has dragged Telstra’s trailing dividend yield down a little. But the company’s 16 cents per share annual dividend still translates into a 4.68% trailing yield on current pricing. That grosses-up to 6.68% with Telstra’s full franking.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Returns As of 15th February 2021

More reading

Telstra (ASX:TLS) slammed for enabling identity theft
Why this expert is urging you to buy these ASX defensive shares even in a bull market

2 buy-rated blue chip ASX 200 shares for investors in May

2 high quality ASX shares for your retirement portfolio

Woolworths and Coles sign ANZPAC plastic pact

The post 2 ASX dividend shares that could offer yields of 5% or more today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!