3 ASX dividend shares with fully franked yields over 5% today

Coles Group Ltd (ASX: COL) is one of these 3 ASX dividend income shares that offer fully franked yields above 5% today. Take a look
The post 3 ASX dividend shares with fully franked yields over 5% today appeared first on The Motley Fool Australia. –

A young entrepreneur boy catching money at his desk, indicating growth in the ASX share price or dividends

Finding an investment that offers a yield on your cash of 5% or more today is a hard task. If you don’t look at the ASX share market that is. In this era of near-zero interest rates, ASX dividend shares are one of the last bastions of yield today. Luckily for all of the yield-hungry investors out there, there are still plenty of ASX shares that have a trailing yield of 5% or more on offer today. Here are 3 of them:

3 ASX dividend shares with fully franked yields of 5% or greater today

BHP Group Ltd (ASX: BHP)

The ‘Big Australian’ BHP is one ASX dividend share that offers a yield of 5% or greater today. BHP has had a stellar year, climbing almost 60% over the past 12 months, and reaching a new all-time high of $50.93 last month. Investors can thank the surging commodities markets, especially a stubbornly high iron ore price, for these highs. At the time of writing, BHP shares are going for $47.48 a share. At this level, BHP shares offer a trailing dividend yield of 4.36%. That grosses up to a 6.23% yield if you include BHP’s full franking credits.

Coles Group Ltd (ASX: COL)

The Coles share price has been out of favour for a few months now. The country’s second-largest supermarket chain remains more than 15% down year to date, and down almost 20% from the all-time highs we were seeing back in August last year. Intriguingly for ASX dividend investors, this share price slump has pushed Coles’ trailing dividend yield to a pretty hefty level.

On the recent pricing of $15.68 a share, Coles offers a trailing dividend yield of 3.96%. Like BHP, Coles’ dividends tend to come with full franking credits. That means that this yield grosses up to 5.51% with the inclusion of those credits.

Medibank Private Ltd (ASX: MPL)

Medibank is the largest private health insurer on the ASX. Medibank has been on a bit of a rollercoaster share price wise over the past year. Its 52-week low of $2.45 a share was seen back in September, which was incidentally lower than the lowest price Medibank hit during the March 2020 coronavirus-induced market crash.

Medibank shares have obviously rebounded since then, but are still down more than 3% year to date. Luckily for ASX dividend investors, Medibank’s dividend payments have been far steadier. The interim dividend of 5.8 cents per share that investors received last month was actually higher than 2020’s interim payment of 5.7 cents. On current pricing, Medibank has a trailing dividend yield of 4.12%, which grosses up to 5.89% with the company’s full franking.

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Returns As of 15th February 2021

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 ASX dividend shares with fully franked yields over 5% today appeared first on The Motley Fool Australia.

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