Commonwealth Bank Not The Only High Paying ASX Dividend Play

The Commonwealth Bank’s (ASX: CBA) half-year earnings statement revealed that interest margins were crimped but dividends increased to $2.15 a share. There are other ASX yield alternatives for seekers of regular income.

CBA’s results slightly beat market expectations. Despite the 2.5% share price fall on today’s results, the bank’s stock price has defied naysayers since 2023 surging from $94 in November to $113 today.

Large ASX Traded Banks Dividend Yields

The banks provide high levels of income distribution.

Westpac 5.9% pa
ANZ 6.0% pa
NAB 5.10% pa

The banks are good dividend payers but there surprising alternatives.

ASX Traded Resource Stocks Dividend Yields

Fortescue Metals Group (ASX: FMG) 7.9% pa
Woodside Energy Group (ASX: WPL) 10.4% pa
BHP (ASX: BHP) 5.3% pa

2 ASX High Paying ETFs Distribution Yields

VanEck Morningstar Wide Moat ETF (ASX: MOAT) 8.9% pa.

MOAT provides investors exposure to a diversified portfolio of attractively priced US companies.

Total assets are $859 million with a management fee of 0.49% per annum. A handsome income yield for seekers of passive income. Distributions are made once a year.

BetaShares Australia Top 20 Equity Yield Maximiser ETF (ASX: YMAX) 8.0% pa

YMAX aims to generate attractive quarterly income by investing in a portfolio of the 20 largest blue-chip shares listed on the ASX. These include bank and resource stocks.

YMAX does not aim to track an index. With $458 million in net assets and a management fee of 0.76% per annum.

Distributions are made each quarter.

There you have it, some high dividend-paying alternatives on the ASX.

 

 

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