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2 blue-chip businesses with yields over 6% 

With asset prices climbing in many investment markets around the globe, it makes finding yield harder. 

For those investors seeking a decent income, choices are few. Luckily, in our own backyard (the ASX) there are still solid dividend yields on offer in quality companies. 

Here are two shares that are worth looking at… 

Crown Resorts Ltd (ASX: CWN)

Australia’s largest casino operator is familiar to many investors, and gamblers for that matter. Crown Resorts is a dominant player in the gaming and entertainment business.   

After expanding overseas years ago, it’s now decided to focus back on its core Australian assets, with Crown Melbourne and Crown Perth being its biggest cashflow generators, soon to be joined by Crown Sydney in a few short years. 

The company is expected to pay 60 cents per share in dividends until Crown Sydney comes online, with the dividend likely to grow after this point. At the current price, shares trade on a dividend yield of around 4.5% (60% franked), or 6% grossed up. 

Coca-Cola Amatil Ltd (ASX: CCL)

After hitting a low of around $7.60, the share price of Coca-Cola Amatil Ltd has climbed by over 20%. 

While the glory days of the fizzy-drinks business may be behind it, the company continues to work on its product lines to keep up with the ever-changing tastes of consumers. With revenue growth harder to achieve in Australia, the company is focused on cost cutting.   

A driver of growth for Coca-Cola Amatil going forward, could be its businesses in Indonesia and Papua New Guinea.   

The company trades at around 17 times earnings, and the current dividend yield is 5.1% (70% franked), taking the grossed-up yield to 6.6%. 

Foolish takeaway 

These are two companies with solid and reliable cashflow. Neither of them may shoot the lights out in terms of growth, but there’s a very strong chance they’ll still be around in 20 years’ time, paying a steady dividend to shareholders.

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Motley Fool contributor Dave Gow owns shares of Crown Resorts Limited. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited. The Motley Fool Australia has recommended Coca-Cola Amatil Limited. 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 Scott Phillips.

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