Telstra (ASX:TLS) and 2 other ASX dividend shares offer yields over 5% today

Telstra Corporation Ltd (ASX: TLS) is one of three ASX dividend shares offering a fully franked yield of 5% or more today
The post Telstra (ASX:TLS) and 2 other ASX dividend shares offer yields over 5% today appeared first on The Motley Fool Australia. –

asx share price dividend payments represented by man holding $50 note close to his face

Getting a yield of 5% or more on your cash is a rare feat these days. Term deposits? No way. You’d be lucky to get 1% with the current interest rate environment. Property? Not likely with all of the recent house price appreciation. Art? Gold? Non-fungible tokens (NFTs)? They don’t even pay a yield. That leaves ASX dividend shares. Luckily for us ASX investors, it’s not too hard to still find some decent ASX shares offering a yield of 5% or greater. Especially if you include those lovely benefits of franking credits.

So here are 3 such ASX dividend shares today

3 ASX dividend shares with yields over 5% right now

Telstra Corporation Ltd (ASX: TLS)

Telstra is a company most ASX investors would be familiar with. It’s the largest telco on the market, as well as being one of the largest ASX companies period. Telstra’s dividend history might still conjure up some painful memories for some of the longer-term investors out there. It did famously slash its annual dividend a few years ago from the old 32 cents per share to the 16 cents per share level we see today. However, that also accompanied a steep drop in the Telstra share price (it was almost $6 a share five years ago). As such, it still offers a decent starting yield for any new investors today. On current pricing, this 16 cents per share translates into a trailing dividend yield of 4.68%, which grosses-up to 6.68% with Telstra’s full franking.

Rio Tinto Limited (ASX: RIO)

Rio Tinto is one of the ASX’s largest miners. Its main commodity of choice is iron ore, which of course has had a magnificent year price wise. But Rio also mines diamonds, copper, gold and uranium. The recent run in iron ore prices has helped Rio recently break out into new all-time high territory it hit $130 a share last month. However, Rio shares have recently pulled back, which means its trailing dividend yield has swelled for anyone looking to pick up new shares. On current pricing, Rio’s dividend is worth a yield of 5.3%, which grosses-up to a hefty 7.57% with Rio’s full franking. 

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is not normally a company most investors associate with dividends. But this electronics giant has managed to keep its dividends at pace with its recent share price growth JB shares are up more than 150% since early 2019. Its most recent interim dividend was paid out on 12 March and came to $1.80 per share. That’s a healthy 82% increase on the interim dividend of 99 cents that JB paid out last year. On current pricing, JB is offering a trailing dividend yield of 5.21%, which grosses-up to 7.44% 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 has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Telstra (ASX:TLS) and 2 other ASX dividend shares offer 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!