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…
