Insights

3 blue chip ASX shares with dividend yields over 5% today

BHP Group Ltd (ASX: BHP) is one of 3 blue chip ASX dividend shares offering fully franked yields of more than 5% right now.
The post 3 blue chip ASX shares with dividend yields over 5% today appeared first on The Motley Fool Australia. –

Woman holding up wads of cash

When it comes to the S&P/ASX 200 Index (ASX: XJO) our collective love of dividends dictates that our blue chip shares are normally committed dividend payers. That stands in stark contrast to the United States, where many of the biggest companies don’t even pay a dividend.

But in this post-COVID world, choosing quality dividend shares has never been more nuanced. A few years ago, it would have been unthinkable to most investors that the ASX banks would have trailing dividend yields under 2%. Yet today, Westpac Banking Corp (ASX: WBC) shares offer a trailing yield of just 1.27% on current pricing.

So here are 3 ASX dividend shares that offer a whole lot more. Each of these has a grossed-up trailing yield of 5% or greater today:

3 blue chip ASX dividend shares with yields over 5% today

Telstra Corporation Ltd (ASX: TLS)

Telstra has long been a favourite of the ASX dividend investor. And 2020 proved its worth in that regard. Unlike many ASX 200 shares, Telstra did not cut its dividend last year, holding its payouts steady at 16 cents per share. And since Telstra’s share price has been steadily falling over the past month or so, the yield of this dividend has been growing. At today’s share price (at the time of writing) of $3.04, Telstra is offering a dividend yield of 5.26%, or 7.51% grossed-up with Telstra’s full franking. The company’s management has committed to once again pay out 16 cents per share in dividends in 2021 as well.

Coles Group Ltd (ASX: COL)

Coles was one of the ASX companies that arguably benefitted from the pandemic last year. We all know about the infamous panic hoarding that went on in 2020, after all. Coles’ robust results in 2020 allowed this supermarket company to actually increase its dividend last year, and again just last month. Like Telstra, Coles shares have also been falling over the past month or so. That gives Coles’ dividend a yield worth 3.93% on current pricing, or 5.61% grossed-up with full franking.

BHP Group Ltd (ASX: BHP)

BHP has had a pretty good run over the past few months and has recently just broken its all-time high share price. Not bad for an ASX 200 company that was founded in 1851!

BHP has been benefitting enormously from rising commodity prices. Three of its four ‘pillar commodities’ in iron ore, oil and copper have all seen healthy price rises in recent months. And if BHP is selling its commodities for higher prices, naturally there is more cash around for dividends. On the current BHP share price, the ‘Big Australian’ has a trailing dividend yield of 4.42%, which grosses-up to 6.31% with 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.

Click Here For Your Free Stock Report

Returns As of 15th February 2021

More reading

Motley Fool contributor Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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 blue chip ASX shares with dividend yields over 5% 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!