3 shares with hefty dividends I'd consider for income

These three shares are offering sizable dividends.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're interested in dividend shares, here are three companies for you to consider.

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price certainly hasn't performed well over the past year, shedding about 15 per cent amid a gloomy environment for traditional retailers.

But the company does offer a healthy dividend that may appeal to some investors.

Harvey Norman paid shareholders a fully franked dividend of 26 cents last year.

At its current share price of $4.32, Harvey Norman's trailing dividend yield comes in at about 6 per cent.

In financial year (FY) 2017 Harvey Norman reported a net profit before tax of $639.8 million, up about 30 per cent on the previous year.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

Nine's share price turned around in 2017 following a couple of years of decline.

Over the past year Nine's share price has gone from a touch above $1, to its current price of $1.55, a gain of about 50 per cent.

In 2017 Nine paid shareholders a fully franked dividend per share of 9.5 cents, representing a trailing yield of about 6.1 per cent.

But Nine's dividend dropped from the 12 cents it paid out in 2016 as the entertainment company reported a loss of $203.4 million.

Genesis Energy Limited (ASX: GNE)

Genesis Energy is currently paying a trailing dividend of 16.6 cents, providing a yield of about 7.4 per cent based on the company's share price of $2.23.

That represented a growth of 1 per cent on the prior year which Genesis stated is consistent with the company's policy of "growing dividends in real terms over time".

For FY 2017 Genesis Energy reported EBITDAF of $333 million, down by 1 per cent on the prior corresponding period.

But Genesis Energy has announced that EBITDAF is expected to come in at between $345 million and $365 million for FY 2018.

If the upper end of that estimate is achieved, resulting in an increase of about 10 per cent, that would mark a significant improvement on FY 2017's result.

All this means that Genesis Energy is looking like the pick of the bunch.

If you're looking for more dividend options, check this out…

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »