what companies pay the best dividends on the asx

Discussion in 'Stocks & Derivatives' started by SilverTounge15, May 14, 2015.

  1. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    So i figure it will take me some time before i can pick some new upcoming stocks
    so i will take the advice of some the members here and jump on the big companies because although i described them as boring i figure its safer and will introduce me into the world of shares in a better way opening the door for future trading
    Vanguard is above my initial investment of 1500 they want 5000 so i will pass for now.
    How much will a broker cost
    Im not sure how long it will take for robinhood to come to australia which is how i think i will go about things....
    so for now im looking at finding some good dividend paying stocks...
    woolworths has been talked about here alot here so how are they in comparison to other large companies in dividend yield???
    and if i bought 55 woolworths shares how much would the broker charge on average?

    Thanks again for all the help
     
  2. silver kook

    silver kook Active Member

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    You don't need a broker. You set up a Commsec or Etrade account online. They will probably give free trades to new members. After that you are looking at $20 per trade.
     
  3. Abossy

    Abossy Active Member Silver Stacker

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    Do your own research. That will give you more insight into the process and make you more comfortable in taking informed decisions with your own money.
     
  4. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    $20 per trade is alot overall especially since your stock is only going to pay you $1.5 per year if your lucky, so you really need to buy alot of shares in one trade to make it worthwhile yes?
    I really prefer silver to all this i make a much better percentage but im still going through with it just to learn if nothing more
    thanks for the input...

    so how do i find the best dividend paying companies??
     
  5. markc

    markc Member

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    Metcash (MTS) is at a 14 year low but it has a 12.1% yield and an ex div date coming up in June. P/E 6.03, P/B 0.73

    Commsec charge $29.95 a trade (buy or sell)

    I personally hold MTS
     
  6. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    I am thats why im asking questions here aswell as 5 other tabs open looking at stocks and a youtube talk going on in the background
     
  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    You could have a look at http://dividends.com.au/.
     
  8. Abossy

    Abossy Active Member Silver Stacker

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    Make sure a read of Intelligent Investor is part of your research/learning plan as well. Great book.
     
  9. aleks

    aleks Well-Known Member Silver Stacker

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    Not the answer you want but I would save up for the 5k and start up a vanguard fund and then open a demo account with a broker that you can blow up/ gamble with and familiarise yourself with the trading platform and the mechanics of making a trade instead of heamoraging money in fees.
     
  10. willrocks

    willrocks Well-Known Member Silver Stacker

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    WPL - Woodside Petroleum: Yield 8.97%
     
  11. Abossy

    Abossy Active Member Silver Stacker

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    That will drop.

    Their most recent earnings report don't reflect the fall in the oil price. They were reporting a massive cut in the dividend from memory.
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    DY doesn't translate into value
     
  13. mschif

    mschif Member

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    maybe have a look at asx codes: arg ,afi, dui, aui, mlt and all of their websites great info IMO for the new share investor

    www.argoinvestments.com.au
     
  14. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    I work for that mob ;-)
     
  15. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Ok so based on my beginner lack of knowledge research metcash hits woolworths for six since it earns 4x more in dividends....

    Stuff it im supporting my workmates....
     
  16. markc

    markc Member

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    Hah.

    There are restrictions around buying/selling shares in a company where you work. You might want to look into that before you buy shares.
     
  17. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Thanks for the heads up will look into it but should be ok since im a contractor
     
  18. markc

    markc Member

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    No worries
     
  19. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    So ive checked and i can buy up all the shares i want... Hahaha to the mooon
     
  20. whinfell

    whinfell Well-Known Member Silver Stacker

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    Look at the Metcash share price for the last year and ask yourself "Am I feeling lucky?".
     

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