what companies pay the best dividends on the asx

[Huzar1683]

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

I know.... I did alright for my first day but im not celebrating feel good about it but im just here to learn.... want to buy another few thousand mts then start looking at my second stock....

 

[Huzar1683]

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.

Thanks all you guys are helping me more than you all know... Even the guys who think im a complete idiot.... Lol

 

[Huzar1683]

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

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

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?

Two things...
What makes you think im not researching? Im asking questions to help direct my research, yes i do know answers to that question but im looking for what i am missing what i need to go research as its much easier to learn when u know what your looking to learn....
Second im not exactly going to lose everything buying metcash ive just got the balls to drop money in order to force myself to learn something new... Ive got no choice now im in so its share market we are learning about and ive got lucky i bought at the low of 128.5 and mts went up 12% the very next day so i feel good and positive about my decision but who knows might drop 15% next week but i will just buy more because MTS isnt exactly going to drop to zero anytime soon.....
Anyway back to studying the market and trying to pick my second stock
Wish me luck

 

[trew]

Metcash taking a $640 million impairment on intangibles and will not be paying dividends for the next year or so.

share price getting hammered

 

[mschif]

Ugly today and going forward for the holders of Metcash

Referring to the thread header maybe the best dividends on the ASX are diversified investment companies i.e.. Argo and the like...In the case of Argo it has paid a dividend every year since 1946....safe steady reliable income and capital growth.

 

[whinfell]

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

Metcash down 17.7%. SilverTongue15 down 17.7% in a day.

Welcome to the stock market, SilverTongue15 :/

 

[silver kook]

And no more dividends! WTF!

 

[phrenzy]

No dividends, but my PEN shares are up over 40% from when I bought more last month. You can keep your dividends