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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    Hey yea i see the fall but woolworths has been falling and everyone is like yay time to buy but metcash falls and why not be like yay also???
    Metcash pays a way better dividend so im going with them....
    plus i will work harder.... ;)
     
  2. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Curious what your thinking is behind this can you tell me more???
     
  3. silver kook

    silver kook Active Member

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    The phrase "Dividend Trap" and Metcash seem made for each other. Don't fall for the Dividend Trap! Just gets more confusing doesn't it?
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    I hear Bernie Madoff paid consistently high dividends too.
     
  5. Abossy

    Abossy Active Member Silver Stacker

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    Argo (ASX: ARG) Investments pay's a dividend if I'm not mistaken? It's a very well respected investment trust which contains a basket of securities.

    If I was a beginner I would seriously not be picking single stocks - it is a recipe for disaster. Given your small starting position you are not going to be able to properly diversify and will get wiped out on broker fees.
     
  6. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Ive done my research (well i wouldnt call it research really) and i have 17 free trades or free brokerage up to the value of 500 until august so i wont be paying any fees.... by then i will have accumilated at worst 3000 shares in my work and at best 5000 and once my free brokerage runs out i will sit back and wait until i have atleast 8 or 9grand to throw at shares and start to diversify all the while learning more and more about the shares market....

    i completely understand why you say its a recipe for disaster however i have seen the company overview and vision for the next 10 years, the recent upgrades and attention to detail and think that at 1.285 a share its worth it, i dont think it will drop below a dollar a share and once the new expansion happens share price will go up, however i dont mind what the share price does just want them dividends to reinvest back into shares and build that portfolio....

    regardless I still take your warnings seriously but i want to learn for myself hands on and you guys are my coach's with the silver stacking community i trust in i cannot go wrong even though you guys have differing opinions i take them all on board and make my own decisions and thats what has worked for me....

    im not scared of losing some pocket change either if im going to learn something in the process

    whats 2 grand really

    sweet eff ay
     
  7. whinfell

    whinfell Well-Known Member Silver Stacker

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    Metchash paid a better dividend - their earnings are decreasing, which means the dividend will also decrease.
     
  8. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    True.....

    what would you buy instead if you were still new to the share market??

    As a comparison
     
  9. whinfell

    whinfell Well-Known Member Silver Stacker

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    Time.

    Take the time to educate yourself before plunging in :)
     
  10. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    All the questions you've asked, no one is going to say "Yes, put $5000 on Red".

    You need to do your own research and make decisions based on that.

    Sorry, but that's just how it is.
     
  11. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    Is that a CWN, RCT or a EGP roulette table you're putting $5000 on red?
     
  12. mmm....shiney!

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

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    Just that a high dividend yield doesn't necessarily mean a stock is a good buy.
     
  13. Phiber

    Phiber Active Member Silver Stacker

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    That's gonna end in tears... But you'll learn eventually.
     
  14. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Yes i know and thank you for all the fine answers im trying to get to grasp this all and Im not looking for someone to tell me where to place my bets
    simply compare a stock against the one im talking about to explain their position and why they are advising me to not buy this stock....
    column A
    column B
     
  15. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Yes i get that but what does translate into a good buy besides dividend yield??
     
  16. Phiber

    Phiber Active Member Silver Stacker

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    If you have to ask the question, you are not ready - be careful you will get burnt!
     
  17. Abossy

    Abossy Active Member Silver Stacker

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    If you don't know the answer to that question, you shouldn't be picking your own stocks. Simple.

    The subject is too broad and detailed to be covered in a post on a forum - that's why the majority is telling you to go and do research.

    Use index and mutual funds now while you get more comfortable. What's the rush to blowing all your money on the sharemarket casino?
     
  18. markc

    markc Member

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    MTS is having a nice little run.. Up 8.5% this morning on news that they're looking at spinning off their auto parts businesses.
     
  19. silver kook

    silver kook Active Member

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    Metcash (MTS) is up 12%. SilverTongue15 12% up in 1 day.
     
  20. finicky

    finicky Well-Known Member Silver Stacker

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    So simplistic tale of two companies in one sector - TLS (Telstra) and MTU (M2 Telecom)
    Yield on TLS maybe 4.8%, Yield on MTU maybe 2.6%
    So you buy TLS because the yield is higher right?
    But across the last 5 years TLS has grown its dividend from 28c to 29.5c
    Whereas MTU has grown its dividend from 9.6c to 26c
    MTU has been the better yield stock and will quite likely continue to be so because it is growing its dividend.
    Whereas TLS has a pretty stagnant yield.
    This is because MTU has been growing its earnings per share much more than TLS year after year and can therefore afford a progressive dividend.
    So don't pick the highest current yielding stock so much as a stock that has been growing its earnings per share and progressing its dividend and looks a good chance to carry on that way.
     

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