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Many investors have been holding blue-chip stocks such as Woolworths Limited (ASX: WOW) for income. However, the strong performance of the blue-chip category has pushed up the share price of many blue-chip stocks and correspondingly pushed their yields down.

While there can be defensive benefits from owning blue-chip stocks, there are also a number of opportunities outside this narrow category. These other stocks offer higher fully franked dividend yields and arguably better capital growth opportunities too.

Here are three to consider which will be going ex-dividend soon.

Patties Foods Limited (ASX: PFL) has retained a final dividend of 3.9 cents per share (cps) bringing the full year payment to 7.1 cps. With the stock set to trade ex-dividend on 15 September, investors buying at $1.30 would be looking at a rolling yield of 5.5%.

Skilled Group Ltd. (ASX: SKE) has raised its final dividend from 9 cps to 9.5 cps with an ex-dividend date of 16 September. The staffing solutions provider also raised its earlier interim dividend by half a cent year on year. With the stock trading at $2.70, a rolling yield of 6.3% is available.

Tamawood Limited (ASX: TWD) has maintained a final dividend of 13 cps bring the full year dividend to 21 cps. The stock won’t trade ex-dividend until 13 November, which provides plenty of time for investors to consider the merits of this stock. Based on its current share price of $3.55, Tamawood is offering a rolling 12-month yield of 5.9%.

These 3 stocks could be the next big movers in 2020

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In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

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