Thanks to recent selloffs, Vocus Group Ltd (ASX: VOC) shares, Platinum Asset Management Limited (ASX: PTM) shares and Sydney Airport Holdings Ltd (ASX: SYD) shares are offering juiced up dividend yields.
Vocus, Platinum and Sydney Airport on the slide
Vocus
Vocus shareholders have had a nail biting 12 months, with the telecommunications provider falling 61% over the past year. However, this former market darling has gone from offering years of potential growth to modest growth potential plus a big dividend yield.
There are risks, of course, but at today's prices, I think investors are being offered a handsome risk-reward tradeoff. Especially when we consider its forecast 4.2% fully franked dividend yield.
Platinum
Platinum Asset management is the former Australian funds management heavyweight. Although the company has lost its share price shine (and a fair few analysts from its investing team), it is still one of Australia's premier investment management companies.
The company is founder-run, with key management personnel holding lots of shares. And at today's prices, it is forecast to pay a fully franked dividend yield of 6.2%.
Sydney Airport Holdings
News of a second Sydney airport has spooked investors who wished that the one and only airport operator would stay that way. While a decision over who will construct, own and operate the second airport is still up in the air, it's important to remember that there are many things in favour of Sydney Airport Holdings.
For example, the second airport won't be built for years, and the existing airport is too busy as it is. What's more, international tourism is expected to grow strongly over coming years. All-in-all, I think that could support its current 4.8% dividend yield – although, its dividend may be affected if it chooses to go ahead with constructing the second airport.
Foolish Takeaway
Most of the time, blue chip ASX shares trade around 'fair value'. What that means is it is tough to find a 'bargain'. Nonetheless, with their recent selloffs, a healthy appetite for risk and a view to the long-term, it could be time to consider each of these juiced-up dividend shares.
