Telstra Corporation Ltd (ASX:TLS) and these blue chip ASX dividend shares offer generous yields in 2021…
The post 3 blue chip ASX dividend shares with big yields appeared first on The Motley Fool Australia. –
Luckily in this low interest rate environment, there are a number of blue chip shares offering investors generous yields.
Three blue chips that are highly rated right now for income investors are listed below. Here’s what you need to know:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
With the worst now seemingly behind the banks, investors have been piling into the sector again in recent months. The good news is that it may not be too late to invest and still generate a generous yield. According to a note out of Morgans, now that dividend restrictions have been removed, its analysts are forecasting a $1.27 per share dividend in FY 2021. This represents a fully franked 5.2% yield. Morgans has an add rating and $26.00 price target on its shares.
BHP Group Ltd (ASX: BHP)
Another blue chip that comes highly rated is BHP. Thanks to favourable commodity prices, particularly the sky high iron ore price, analysts at Macquarie are tipping the mining giant to generate significant free cash flow this year. The broker expects this to result in a fully franked ~$3.85 per share dividend in FY 2021. Which based on the current BHP share price, represents an 8.3% dividend yield. Macquarie has an outperform rating and $46.00 price target on its shares.
Telstra Corporation Ltd (ASX: TLS)
This telco giant has struggled for a number of years due to the NBN rollout but has been tipped to return to growth in the not so distant future. This is thanks to its T22 strategy and the arrival of 5G internet. In the meantime, analysts at UBS believe that Telstra will be able to maintain its 16 cents per share fully franked dividend for the foreseeable future. Based on the current Telstra share price, this equates to a 5.2% dividend yield. UBS has a buy rating and $3.70 price target on the company’s shares.
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 6th October 2020
- 5 things to watch on the ASX 200 on Friday
- 2 ASX 50 shares to buy
- Why this broker likes ANZ (ASX:ANZ), NAB (ASX:NAB), and Westpac (ASX:WBC)
- Why this top broker thinks the Telstra (ASX:TLS) share price could surge ~40%
- BHP, Rio Tinto’s new copper mine under threat
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.