Searching for decent dividends? These 4 ASX shares are paying 6% or more

So far, 2020 has been a rough year for income investors. With the onset of coronavirus, many companies cut or deferred dividends. But there are still many ASX companies offering decent dividend shares if you know where to look. We take a look at 4 ASX-listed companies which are still offering strong dividend yields. 

Harvey Norman Holdings Ltd (ASX: HVN)

The Harvey Norman share price has gained 43% from its March low, but the company is still offering an attractive dividend yield of nearly 6%. Harvey Norman has seen sales increase as a result of lockdowns, with customers upgrading their home environments. In 2H FY20 (to 31 May) total Australian franchises sales increased 17.5%. The company paid an interim dividend of 6 cents per share yesterday as well as a special dividend of 6 cents per share.

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue Metals share price has regained 60% from its March low but is still offering a dividend yield of above 7%. The company reported record iron ore shipments in the third quarter of 42.3 million tonnes, 10% higher than Q3 FY19. Fortescue’s dividend policy is to maintain a payout ratio of 50%–80% of full-year net profit after tax (NPAT). Fortescue paid an interim dividend of 76 cents per share in April. 

AGL Energy Limited (ASX: AGL)

The AGL Energy share price is up 10% from its March low, with the electricity company offering a dividend yield of 6.6%. Statutory earnings per share increased 12% in the first half to 49.7 cents, however underlying earnings per share fell 10% to 66.4 cents. AGL’s dividend policy targets a payout ratio of 75% of the underlying profit after tax. AGL paid an interim dividend of 47 cents per share in March. 

Boral Limited (ASX: BLD)

The Boral share price is up 115% since its March low but the building products company is still an attractive dividend share offering a yield of 6%. Boral’s operations are considered to be within the critical construction sectors that were encouraged to continue operating as essential businesses throughout COVID-19. Boral’s revenue was flat during the first half, however net profit attributable to members fell 40.3%. An interim dividend of 9.5 cents per share was paid, down from 14 cents in the prior corresponding period. In the second half, revenues have been down due to the impacts of COVID-19. Nonetheless, Boral stands to benefit as economic recovery gains traction.