NVDA
NVIDIA
-- 139.670 TSLA
Tesla
-- 430.600 PLTR
Palantir
-- 80.690 AMD
Advanced Micro Devices
-- 124.600 RGTI
Rigetti Computing
-- 10.9600 2024 full-year recap | 10 ASX dividend monster stocks
This year has been a rewarding one for the Australian sharemarket, although it closed the week at a three-month low. The $S&P/ASX 200 (.XJO.AU)$ has risen by over 6% this year, hitting a record high of 8,514.5 points at the beginning of this month. Among ASX stocks, those that offer a combination of high dividend yields and strong share price performance have garnered significant attention from investors.
The dividend yield measures the level of dividends distributed by a publicly listed company to its shareholders. It indicates the return on dividends that shareholders receive for every unit of capital invested.
There are a lot of benefits for investing in high-dividend stocks. Firstly, companies that consistently pay high dividends typically demonstrate robust profitability, as only financially strong firms can afford to distribute significant portions of their earnings to shareholders. Also, the dividend yield reflects the cash returns investors can earn after purchasing shares. For investors who lack the time to monitor the markets, companies with a stable and consistent dividend payout provide a source of passive income. This is particularly appealing in the context of a potential interest rate cut by RBA in the future. Additionally, dividend income can offer a fixed return during periods of market volatility, helping to offset investment losses.
Within the Australian market, we have highlighted the top 10 companies with the best performance year-to-date, each with a market capitalization over AU$1 billion and a dividend yield higher than 4%. $SG Fleet Group Ltd (SGF.AU)$ stands out among all ASX stocks, achieving a 64.47% increase year-to-date, with a dividend yield of 4.94%. Additionally, companies in the financial sector have performed exceptionally well this year, with 50% of the companies shown in the chart below belonging to this sector, such as $Insignia Financial Ltd (IFL.AU)$, $Westpac Banking Corp (WBC.AU)$, $Bendigo and Adelaide Bank Ltd (BEN.AU)$, $National Australia Bank Ltd (NAB.AU)$. $Yancoal Australia Ltd (YAL.AU)$ and $Nickel Industries Ltd (NIC.AU)$ both belong to the mining industry, with year-to-date gains of 38.39% and 31.12%, respectively, and dividend yields of 16.51% and 4.56%.
$SG Fleet Group Ltd (SGF.AU)$ $Insignia Financial Ltd (IFL.AU)$ $Westpac Banking Corp (WBC.AU)$ $Bendigo and Adelaide Bank Ltd (BEN.AU)$ $Dalrymple Bay Infrastructure Ltd (DBI.AU)$ $Yancoal Australia Ltd (YAL.AU)$ $BSP Financial Group Ltd (BFL.AU)$ $Nickel Industries Ltd (NIC.AU)$ $Origin Energy Ltd (ORG.AU)$ $National Australia Bank Ltd (NAB.AU)$
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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