There's a lot of opportunities on the ASX for those hunting fruitful dividend stocks.
You might be interested in taking a closer look at these three…
Tabcorp Holdings Limited (ASX: TAH)
Tabcorp paid a total dividend (fully franked) of 25 cents per share which works out at a trailing yield of 5.02 per cent on a share price of $4.98.
Tabcorp, with a market cap of about $4.16 billion, is well known for providing gambling and other entertainment services.
But, with revenue stagnant at about $1.87 billion and EBITDA down by 8.4% to $350 million for FY 2017, it might not provide the strongest bet on the market.
Fortescue Metals Group Limited (ASX: FMG)
The Fortescue Metals Group share price has sunk this year.
So is it a dividend opportunity?
Fortescue paid 45 cents per share (fully franked) which works out to a trailing yield of 9.6 per cent, based on a share price of $4.69.
Fortescue has also announced that its dividend pay-out ratio guidance has increased to a range of 50 to 80 per cent of net profit after tax for financial year (FY) 2018.
Fortescue reported a net profit after tax of US$2.1 billion and underlying EBITDA of US$4.7 billion for FY 2017.
But the miner's share price has plummeted this year as the cost of the ore it mines sunk.
However, while a softening of demand from the lucrative Chinese market won't sit well with Fortescue, if the prospects of the company tapping the booming lithium market increase, so to should interest in Fortescue.
Spark New Zealand Limited (ASX: SPK)
Spark also paid a total dividend of 25 cents for FY 2017.
And the telecommunications supplier and digital services provider expects to pay 25 cents again in FY 2018.
At a share price of $3.24, this works out to be a yield of 7.7 per cent.
While Spark, with a market cap approaching $6 billion, intends to retain its 25 cent dividend figure for FY 2018, in line with FY 2017's dividend, it had been stumping up its dividend since 2013.
The company also reported year-on-year EBITDA growth of $30 million, or 3.0%, bringing EBITDA to about $1 billion for FY 2017.
Reported revenue growth for FY 2017 was at 3.3%, taking revenue to $3.614 billion.
All this means Spark looks like the pick of the bunch and deserves some closer attention.
If you're interest in learning about more about dividend shares, you can check this out…
