These 3 ASX retail shares have grossed-up dividend yields over 8% right now

These 3 dividend shares offer yields bigger than the banks right now…

| More on:
Two laughing young women holding shopping bags ride an escalator up to another level in a Scentre Group shopping centre

Image source: Getty Images

The ASX 200 retail sector is not normally one that is bandied about with the same reverence as others when it comes to providing high and consistent dividend income. When investors think of dividends, the most likely sectors that spring to mind might be banking shares. Or perhaps mining shares.

But retail is often regarded as perhaps too cyclical or volatile to provide high yielding ASX shares for an income portfolio. This attitude might be somewhat misguided, as we’ll soon see. So here are 3 ASX retail shares that currently offer extremely robust dividend yields as it stands today.

3 ASX retail shares offering dividend yields over 5% today

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is our first ASX retail share to check out. Most investors would probably be familiar with the vivid-yellow storefronts of JB. Originally a hi-fi retailer, JB has expanded over the years to offer everything from vinyl records and movies to refrigerators and televisions.

JB paid out two dividends in 2021. Those were an interim payment of $1.80 per share, and a final dividend of $1.07 per share. That total of $2.87 per share was the largest annual dividend JB has ever paid. These equate to a trailing yield of 6.03%, or 8.61% grossed-up with JB’s full franking.

Adairs Ltd (ASX: ADH)

Adairs is another ASX 200 retail share that has had a lot to offer dividend investors over the past year. Many Aussies would know Adairs from the homewares stores that are a common sight across the shopping centres of this country. But the company also has a robust online business that served it very well during the lockdowns of the past 2 years.

Adairs paid out two dividends last year, an interim payment of 13 cents per share, and a final dividend of 10 cents per share. Again, that total of 23 cents per share was a record breaker for the company. On current pricing, that gives Adairs a trailing yield of 6.01%, or 8.59% grossed-up with full franking.

Dusk Group Ltd (ASX: DSK)

Candle and fragrance seller Dusk is our final retail share worth a look today for income investors. As with the other two companies on this list, Dusk has managed to navigate the past two years reasonably well witht the help of its online offerings. Its 2021 dividends totalled 25 cents per share. That gives Dusk a trailing yield of 7.09% on current pricing, the highest on this list.

What’s more, Dusk’s 2021 dividends also came with full franking, meaning this already-high yield grosses-up to a hearty 10.13% with the added benefits of franking credits.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor Sebastian Bowen owns ADAIRS FPO and Dusk Group Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Dusk Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Retail Shares

Close up of a sad young Caucasian woman reading about Leigh Creek Energy's declining share price on her phone
Retail Shares

Why is the Step One share price crashing 54% to a new low?

Step One shares are being smashed on Monday...

Read more »

Two kids are selling big ideas from a lemonade stand on the side of the road for cheap!
Cheap Shares

2 cheap ASX shares to buy right now: experts

JB Hi-Fi and Accent are two ASX shares with low valuations.

Read more »

woman shrugging
Retail Shares

Where next for the Wesfarmers share price?

Where is the Wesfarmers share price heading from here?

Read more »

A woman carrying produce in recyclable shopping bags walks past a green wall, indicating consumer preference for sustainableretail
Retail Shares

Own ASX 200 retail shares? Here’s how the majors are tackling climate change

ASX 200 retail majors are pushing forward on climate action, and for good reason.

Read more »

A man sees some good news on his phone and gives a little cheer.
Retail Shares

Why did the Kogan share price jump 6% today?

Kogan's shares were on form on Wednesday...

Read more »

A young woman dressed in street clothes leaps happily in the air with the focus on her bright red boots that are front and centre for the camera.
Retail Shares

Something’s afoot! Why is the Accent share price leaping 6% today?

Was insider buying behind the footwear retailer's gains today?

Read more »

A worried woman looks at her phone and laptop, seeking ways to tighten her belt against inflation
Broker Notes

2 ASX shares to buy as Aussies tighten their belts

Interest rates have just gone up for the first time in over a decade. What are the businesses that can…

Read more »

Retail Shares

The Temple & Webster share price is being crushed, down 14%

There's furniture retailer's bad run is continuing today.

Read more »