Dividends into reporting season
Hi Shawn - Can you ask your analysts to do a summary ( especially charts) of RIO FMG ALD WDS YAL and NHC as the dividend ":season" is around rhe corner and these stocks all pay great dividends !!
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Answer
Hi Johan,
- Many of these names will be covered in reports next week but a quick summary below:
- RIO Tinto (RIO) – we still prefer BHP due to its greater diversification away from iron ore, both have attractive yields but we’re conscious that the trend is down, even after Fridays welcome bounce.
- Fortescue (FMG) – We hold FMG in our Income Portfolio for yield – we’ve just bought it for this exact reason.
- Ampol (ALD) – is forecast to yield more than 5% over the next few years but were not a fan of the business due to issues with its diesel output and production of higher octane fuels plus market share is being lost to lower-priced independent retailers before we even consider the impact of EVs.
- Woodside (WDS) – we discussed WDS in our Portfolio Positioning Report on Wednesday, the dividend looks ok but to many things going on at the moment which creates variables.
- Yancoal Australia (YAL) – we answered a question earlier in the month on YAL, for yield alone it looks good below $7.
- New Hope (NHC) – We hold NHC in our Income Portfolio for yield and like it here for income.
