Top-quality ASX shares with strong dividend yields can be hard to come by in 2020. Many reliable dividend payers like the big banks have slashed dividends to conserve capital.

However, the recent bear market has hit many S&P/ASX 200 Index (ASX: XJO) constituents hard. That means that dividend yields have surged higher and many ASX dividend shares could be in the buy zone.

3 top ASX dividend shares 

Fortescue Metals Group Limited (ASX: FMG) is one of those ASX dividend shares right now.

The Fortescue share price has rocketed 72.6% higher since 9 March, but is still yielding a tidy 6.75% at the time of writing. With iron ore prices on the rise, Fortescue could be a bargain given its capital growth and income prospects.

Fortescue isn’t the only top ASX dividend share trading for a good price today. The Harvey Norman Holdings Limited (ASX: HVN) share price is trading at $3.54 per share with a 5.93% dividend yield.

Harvey Norman recently announced a 6 cents per share special dividend for shareholders. This came after a strong sales period during the coronavirus shutdown, as Aussies spent big on their home improvements and office setups.

Sticking with the retail theme, Scentre Group (ASX: SCG) is another ASX dividend share that’s worth watching, with a current dividend yield of 8.39%. 

Scentre shares have been on a rollercoaster ride in 2020 as investors try to work out the impact on real estate investment trusts (REITs) from the pandemic restrictions. 

Scentre owns and operates Westfield shopping centres across Australia and New Zealand. That means what is good for the retail sector is good for Scentre.

With restrictions starting to ease, we could see retail stores reopen for business and earnings bounce back. That means more stable tenants for Scentre, which could make it a strong dividend share in 2021 and beyond.

Foolish takeaway

These are just a few examples of top ASX dividend shares as we start this new week. Of course, dividend yields can be misleading right now, but I think the long-term picture is still good for many of these companies.

More reading

• Gold mining shares – these are the facts and myths
• Is the Transurban share price a secret bargain?
• 50% off: these ASX 200 shares are dirt cheap today
• ASX winners and losers from last week
• Where to invest $10,000 into ASX 200 shares immediately

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Scentre Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 ASX shares with 6% dividend yields to buy for income appeared first on Motley Fool Australia.

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The S&P/ASX 200 Index (ASX: XJO) slumped 2.5% lower last week as many ASX 200 shares plummeted.

Despite a strong bull run in recent months, investors were spooked towards the end of last week.

3 dirt-cheap ASX 200 shares to buy

Travel, media and oil are some of the sectors most affected by the coronavirus pandemic.

That’s been reflected in the hardest-hit Aussie shares on the market. For instance, the Southern Cross Media Group Ltd (ASX: SXL) share price has fallen 66.10% lower in 2020.

Southern Cross is a major media company with a number of interests in Australian television and radio.

The pandemic has hit the media sector hard with advertising revenues plummeting lower. Investors have been pessimistic about Southern Cross’ prospects this year and the Aussie media group could be trading dirt-cheap right now.

Another ASX 200 share worth watching is Flight Centre Travel Group Ltd (ASX: FLT). The Flight Centre share price fell 5.30% on Friday and is down 64.94% for the year.

Times are tough for the travel industry right now. Booking revenues have plummeted as airlines have collapsed and travel has been heavily restricted.

This sent the Flight Centre share price into freefall from mid-February onwards. Of course travel isn’t the only sector feeling the heat though, with ASX 200 oil shares also trading cheaply.

The Oil Search Limited (ASX: OSH) share price has slumped 53.43% lower this year. The shutdowns in both travel and manufacturing have reduced global demand for oil by a huge proportion.

Combined with an oil price war between OPEC+ and Russia, oil prices dived through the floor (literally) and went negative in April.

The volatility and global supply glut is bad for Oil Search’s earnings and sent the ASX 200 oil share tumbling lower to its current $3.29 valuation.

Foolish takeaway

These are just a few ASX 200 shares that could be trading dirt-cheap right now.

It is important, however, not to buy Aussie companies only because they’ve experienced share price falls. Often very smart investors are selling them for a reason, so you have to remember why you’re buying – to build long-term wealth.

The recent rally has boosted some share prices higher but there are still bargains if you are willing to take some risks.

More reading

• Gold mining shares – these are the facts and myths
• Is the Transurban share price a secret bargain?
• 3 ASX shares with 6% dividend yields to buy for income
• ASX winners and losers from last week
• Where to invest $10,000 into ASX 200 shares immediately

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 50% off: these ASX 200 shares are dirt cheap today appeared first on Motley Fool Australia.

from Motley Fool Australia https://ift.tt/2UKe43P