There are some ASX dividend shares out there that are paying large dividends and have consistent payouts.
Nick Scali Limited (ASX: NCK)
At the current Nick Scali share price it now has a grossed-up dividend yield of 8.4%. The company has grown its dividend every year since 2013.
The furniture business just reported its FY21 half-year result.
The company said that its sales revenue went up 24.4% to $171.1 million. The gross profit margin increased by 180 basis points to 64%.
Nick Scali's underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 94.2% to $60.2 million and underlying earnings before interest and tax (EBIT) went up by 100.3% to $57.7 million. The underlying EBIT margin increased by 1,270 basis points to 33.6%.
The ASX dividend share reported that its operating cash flow before interest and tax rose by 222.3% to $53.5 million and underlying net profit after tax (NPAT) grew by 99.5% to $40.5 million.
The company said that sales order growth for January 2021 was 47%, representing the largest month of written sales orders in the company's history. January is traditionally the company's largest trading month and the sales order book at the end of January was at an all time high, which was a further increase on December 2020.
For the half-year result, the Nick Scali board decided to increase the interim dividend from 25 cents per share to 40 cents per share.
JB Hi-Fi Limited (ASX: JBH)
JB Hi-Fi is another ASX dividend share that is experiencing elevated levels of demand at its stores (and online) during this period.
At the current JB Hi-Fi share price it has a grossed-up dividend yield of 5.2%.
A couple of weeks ago the ASX dividend share released an update for its expected FY21 half-year result.
It's expecting to report that sales grew by 23.7% to $4.94 billion. It also expects to show that for the six-month period the EBIT went up by 75.9% to $462.7 million and net profit after tax (NPAT) rose by 86.2% to $317.7 million.
JB Hi-Fi said that there has been continued elevated customer demand for consumer electronics and home appliance products. This, combined with "exceptional" growth in online sales and a Black Friday promotional period, more than offset the impact of the government mandated temporary store closures during the half. Online sales were up 161.7% to $678.8 million, which represented 13.7% of total sales.
JB Hi Fi said that its disciplined cost control combined with strong sales growth drove significant operating leverage.
Brickworks Limited (ASX: BKW)
Brickworks has one of the longest dividend records on the ASX in terms of consistency. It hasn't cut its dividend for over 40 years.
This ASX dividend share currently has a grossed-up dividend yield of 4.3%.
Its dividend is supported by two assets.
Brickworks has had an investment in Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares for quite a few decades. Soul Patts is an investment conglomerate with a diversified portfolio of industries like telecommunications, resources and pharmacies. Brickworks owns around 40% of the company.
Soul Patts has been steadily growing its dividend to shareholders, like Brickworks, for two decades. The investment conglomerate provides a steady stream of earnings and dividends during times when Brickworks' building products earnings go through cyclical times.
Brickworks also owns a 50% stake in an industrial property trust. This trust is steadily generating higher rental profit each year as organic rental increases occur and more properties are finished. The next project scheduled for completion is a huge warehouse for Amazon in Sydney.
