The ASX is arguably just a drop in the ocean compared to some of the worldâs largest exchanges â looking at you, Wall Street. But ASX shares pack a major dividend punch.
Companies listed in Australia paid out U$28.6 billion in dividends last quarter, according to the latest Janus Henderson Global Dividend Index.
The likes of BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) were among the worldâs top 10 dividend payers in the September quarter, while Commonwealth Bank of Australia (ASX: CBA) and Fortescue Metals Group Limited (ASX: FMG) made the top 20.
But there are plenty of ASX dividend shares likely flying under the radar. Here are five Aussie stocks you may not have known pay investors dividends.
5 under-the-radar ASX dividend shares
The first ASX share one may not have noticed pays dividends is oOh!Media Ltd (ASX: OML).
The out-of-home advertising company has been handing shareholders a portion of its profits since 2015, with a short break during the pandemic.
It has paid out 2.5 cents per share over the last 12 months, leaving it with a 1.8% trailing dividend yield.
Perhaps surprisingly, ASX newbie Best & Less Group Holdings Ltd (ASX: BST) also pays dividends.
The clothing retailer listed in July 2021 and has since offered shareholders two dividends, worth 11 cents and 12 cents, respectively. That leaves the stock with a notable 9.9% yield.
Interestingly, Lynch Group Holdings Ltd (ASX: LGL) is in a similar boat to Best & Less.
The floral grower and wholesaler floated on the ASX in April 2021 and has since offered two 6-cent dividends per share. Right now, it trades with a 7% dividend yield.
Another under-the-radar ASX dividend payer might be trucking share Lindsay Australia Ltd (ASX: LAU).
Itâs consistently paid dividends for decades, handing out 3.2 cents per share over the last 12 months. That leaves Lindsayâs stock with a 4.8% dividend yield.
Finally, newly crowned S&P/ASX 200 Index (ASX: XJO) stock Lovisa Holdings Ltd (ASX: LOV) also offers investors a portion of its profits. Indeed, it nearly doubled its offerings over the last 12 months.
The fashion jewellery retailer has handed shareholders 74 cents per share over that time, leaving it boasting a 3.2% yield.
The post 5 ASX shares you probably didnât know pay dividends appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lindsay Australia and Lovisa. The Motley Fool Australia has recommended Lindsay Australia, Lovisa, and oOh!media. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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