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These 3 ASX retail shares have grossed-up dividend yields over 8% right now

These 3 dividend shares offer yields bigger than the banks right now…
The post These 3 ASX retail shares have grossed-up dividend yields over 8% right now appeared first on The Motley Fool Australia. –

The ASX 200 retail sector is not normally one that is bandied about with the same reverence as others when it comes to providing high and consistent dividend income. When investors think of dividends, the most likely sectors that spring to mind might be banking shares. Or perhaps mining shares.

But retail is often regarded as perhaps too cyclical or volatile to provide high yielding ASX shares for an income portfolio. This attitude might be somewhat misguided, as we’ll soon see. So here are 3 ASX retail shares that currently offer extremely robust dividend yields as it stands today.

3 ASX retail shares offering dividend yields over 5% today

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is our first ASX retail share to check out. Most investors would probably be familiar with the vivid-yellow storefronts of JB. Originally a hi-fi retailer, JB has expanded over the years to offer everything from vinyl records and movies to refrigerators and televisions.

JB paid out two dividends in 2021. Those were an interim payment of $1.80 per share, and a final dividend of $1.07 per share. That total of $2.87 per share was the largest annual dividend JB has ever paid. These equate to a trailing yield of 6.03%, or 8.61% grossed-up with JB’s full franking.

Adairs Ltd (ASX: ADH)

Adairs is another ASX 200 retail share that has had a lot to offer dividend investors over the past year. Many Aussies would know Adairs from the homewares stores that are a common sight across the shopping centres of this country. But the company also has a robust online business that served it very well during the lockdowns of the past 2 years.

Adairs paid out two dividends last year, an interim payment of 13 cents per share, and a final dividend of 10 cents per share. Again, that total of 23 cents per share was a record breaker for the company. On current pricing, that gives Adairs a trailing yield of 6.01%, or 8.59% grossed-up with full franking.

Dusk Group Ltd (ASX: DSK)

Candle and fragrance seller Dusk is our final retail share worth a look today for income investors. As with the other two companies on this list, Dusk has managed to navigate the past two years reasonably well witht the help of its online offerings. Its 2021 dividends totalled 25 cents per share. That gives Dusk a trailing yield of 7.09% on current pricing, the highest on this list.

What’s more, Dusk’s 2021 dividends also came with full franking, meaning this already-high yield grosses-up to a hearty 10.13% with the added benefits of franking credits.

The post These 3 ASX retail shares have grossed-up dividend yields over 8% right now appeared first on The Motley Fool Australia.

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More reading

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Motley Fool contributor Sebastian Bowen owns ADAIRS FPO and Dusk Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Dusk Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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