4 blue-chip stocks with dividend yields GREATER than 6%

With the possibility of even lower interest rates in the near future, demand for high-yielding dividend stocks is growing quicker than ever. Now even some of the greatest ASX dividend stocks in small-cap territory are getting the attention they deserve.

So are there any blue-chip dividend stocks which deserve your attention at today’s prices?

While there’s no doubt the market’s recent rally has made it harder to find undervalued blue-chips, there are a number of big name companies offering up dividend yields greater than 6%. Here are four of income investors’ favourite S&P/ASX 200 Index (ASX: XJO) (INDEX: ^AXJO) dividend stocks you can consider adding to your watchlist today.

The first company is a regular in these types of articles. Telstra Corporation Ltd (ASX: TLS) is forecast to pay 29 cents per share in the coming 12 months, representing a 7.6% grossed-up dividend yield at today’s price.

A smaller ASX property stock which should be on every dividend-hungry investor’s radar is Cromwell Property Group (ASX: CMW). It currently trades on a price-earnings ratio of 11.6 and price to book ratio of 1.4. It is forecast to pay a 7.5% unfranked dividend.

Scentre Group (ASX: SCG) – Australia and New Zealand’s arm of Westfield shopping centres – is forecast to pay a generous 6% dividend in the next year.

Lastly, National Australia Bank Ltd. (ASX: NAB) is forecast to pay the best dividend of the big banks. With lower provisions for bad and doubtful debts, analysts are anticipating a full year dividend of 5.9% fully franked.

An even better dividend stock idea than NAB – FREE!

Each of the above blue-chips boast excellent dividend yields. Unfortunately for new market entrants I don’t believe any of them are a great investment at today’s price. What’s more, the best income stocks over the next 10 years are more likely to be smaller ASX shares with bigger growth potential…

For example, our top analyst recently identified one ASX stock with a 7% grossed-up dividend yield, cheap valuation and big growth potential. He dubbed it, "The Motley Fool's Top Dividend Stock For 2014 - 2015" Best of all: It's yours FREE! Just click here to download your free copy of "The Motley Fool's Top Dividend Stock for 2014-2015" today.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any of the mentioned companies. 

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