Insights

2 ASX dividend shares with fully franked yields of more than 5% today

Savings accounts and term deposits can’t offer anywhere near the returns of ASX dividend shares.
The post 2 ASX dividend shares with fully franked yields of more than 5% today appeared first on The Motley Fool Australia. –

In the current economic environment, interest rates are at all-time lows. The current cash rate is sitting at just 0.1%, which is pretty much zero for all intents and purposes.

That means traditional ‘safe’ investments like savings accounts and term deposits aren’t offering anything close to the yields they used to. So, what are investors to do if they want to at least keep up with inflation? ASX dividend shares could be the answer.

There are more than a few dividend shares offering fully franked yields of 5% or more today. Here are two of them.

2 ASX dividend shares with fully franked yields of more than 5%

Telstra Corporation Ltd (ASX: TLS)

Telstra is our first ASX dividend share to check out today.

This ASX 200 telco has long been known for its income-producing qualities, and it’s no different today. Telstra has paid out an annual dividend of 16 cents per share, fully franked, for a few years now. Further, it has indicated that maintaining or even increasing this dividend is on the cards in 2022.

So, with this 16 cents per share payout, Telstra shares are currently offering up a dividend yield of 4.1% on recent pricing. That is a pleasing grossed-up dividend yield of 5.86% if you include the value of those full franking credits.

WAM Research Limited (ASX: WAX)

Another ASX share to check out today is the listed investment company (LIC) WAM Research.

This LIC invests in a portfolio of small and mid-cap shares with an industrial bent. It currently holds companies like Webjet Limited (ASX: WEB)Codan Limited (ASX: CDA) and Nextdc Ltd (ASX: NXT). WAM Research has amassed a reputation as a payer of hefty dividends over the past decade or so.

Its past two shareholder payments were 4.9 and 4.95 cents per share respectively. That gives this company a dividend yield of 5.63% on recent pricing. Gross that up with the full franking credits that WAM Research typically pays, and we get a gross yield of 8.04%.

The post 2 ASX dividend shares with fully franked yields of more than 5% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Telstra right now?

Before you consider Telstra, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Telstra wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Did Optus just get a better deal than Telstra (ASX:TLS) for its towers?
4 ASX shares looking ripe for the picking now

3 reasons why the Telstra (ASX:TLS) share price could be a buy
Telstra (ASX:TLS) share price lifts as CFO reiterates confidence in dividend growth
Telstra (ASX:TLS) share price lower despite retail shareholder update

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited and WAM Research Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!