Dividends from ASX shares
Unlike most major stock markets, like in the United States, companies listed on the ASX can pass on the credit for the 30% corporate tax rate they've already paid on their profits.
That means investors receiving a fully franked ASX dividend should be able to hold onto more of that passive income at tax time. And who doesn't like to keep more of their hard-earned money themselves?![]()
That means investors receiving a fully franked ASX dividend should be able to hold onto more of that passive income at tax time. And who doesn't like to keep more of their hard-earned money themselves?
ASX dividend stocks offer some of the highest yields in the world.
And the global dividend pool is massive and growing.
And the global dividend pool is massive and growing.
With the big dividend-paying $S&P/ASX 200 (.XJO.AU)$ mining stocks slashing their 2023 dividends amid a big retrace in resource prices, Australia's 2023 dividend pool shrank from 2023.
But the ASX 200 banks did their best to make up for lost ground. And this saw the Australian dividend pool grow year on year in the final quarter of 2023.
But the ASX 200 banks did their best to make up for lost ground. And this saw the Australian dividend pool grow year on year in the final quarter of 2023.
Here's what the big four ASX 200 bank stocks are yielding today:
$ANZ Group Holdings Ltd (ANZ.AU)$ 6.2%, partly franked
$National Australia Bank Ltd (NAB.AU)$ 5.1%, fully franked
$Westpac Banking Corp (WBC.AU)$ 5.5%, fully franked
$CommBank (CBA.AU)$ 4.0%, fully franked
$ANZ Group Holdings Ltd (ANZ.AU)$ 6.2%, partly franked
$National Australia Bank Ltd (NAB.AU)$ 5.1%, fully franked
$Westpac Banking Corp (WBC.AU)$ 5.5%, fully franked
$CommBank (CBA.AU)$ 4.0%, fully franked
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