3 ASX shares you might be surprised to learn pay dividends

Here are 3 ASX dividend shares you may never have heard of…

| More on:

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

When it comes to ASX dividend shares, a few names stand out. If you asked a randomly selected investor to name three ASX dividend shares, chances are you will get a bank, a miner and maybe Telstra Corporation Ltd (ASX: TLS) or Woolworths Group Ltd (ASX: WOW).

On one level, this is fair enough. Most of the ASX 200 blue chip miners have spent the past year or two doling out record dividend payments. And most of the ASX banks like Commonwealth Bank of Australia (ASX: CBA) have been paying dividends for decades.

But the ASX is full of dividend-paying shares, making an income investors' universe far larger than a collection of banks and miners. So let's check out three ASX dividend shares that you might not even realise pay dividend income to their owners.

A woman gives a side eye look with her lips pursed as though she might be saying ooh at something she's hearing or learning for the first time.

Image source: Getty Images

3 ASX dividend shares you might not know about

Harvey Norman Holdings Limited (ASX: HVN)

Chances are you've heard of the hardly normal Harvey Norman. This famous Aussie retailer has been around for decades. But what you might now know is that Harvey Norman shares are pretty consistent when it comes to dividends.

This company hasn't missed a dividend payment in over a decade. Indeed, it has recently paid out some of the largest dividends in its history, with investors enjoying the payment of a 20 cents per share fully franked interim dividend earlier this month. Over the past year, Harvey Norman's dividends give its shares a fully franked trailing yield of 7.7%.

JB Hi-Fi Ltd (ASX: JBH)

JB Hi-Fi is another famous Australian retail name. You've probably seen its yellow branding and advertising pop up regularly. But what you might not have seen yet is this company's own impressive history when it comes to funding dividends.

The company only started doling out the cash in 2014. But since then, JB has grown its payments from 29 cents a share to the $2.87 investors received last year. Like Harvey Norman, JB's dividends usually come fully franked as well. At current pricing, JB Hi-Fi offers a trailing dividend yield of 5.67%.

Super Retail Group Ltd (ASX: SUL)

Unlike the other two names on this list, Super Retail Group is not a company with widespread name recognition. However, it's a different story with the businesses and brands this company owns. They include Supercheap Auto, BCF, Rebel, and Macpac. Ringing a bell now?

Super Retail is a company that has a strong, if recently rather erratic, history of paying its investors large dividends. Between 2009 and 2019, Super Retail raised its annual dividend every year bar one. 2020 saw COVID take a big toll on investors' incomes, with the company only paying out 19.5 cents per share in contrast to the 50 cents investors enjoyed in 2019. However, the company arguably made it up to shareholders last year when it treated investors to 88 cents per share in dividends. At current pricing, Super Retail Group has a trailing and fully franked dividend yield of 8.28%.

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd., Super Retail Group Limited, and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Smiling woman with her head and arm on a desk holding $100 notes, symbolising dividends.
Dividend Investing

I'd buy 22,166 shares of this ASX stock to aim for $50 a week of passive income

This business is providing investors with consistent and pleasing dividends.

Read more »

A young woman sits with her hand to her chin staring off to the side thinking about her investments.
Dividend Investing

Want to build a second income? I'd buy these ASX shares today

I rate these as fantastic options for dividend income, here’s why…

Read more »

a man wearing casual clothes fans a selection of Australian banknotes over his chin with an excited, widemouthed expression on his face.
Dividend Investing

The easy way to buy ASX dividend shares and build passive income

This could be the easiest way to generate an income from the share market.

Read more »

A fit woman in workout gear flexes her muscles with two bigger people flexing behind her, indicating growth.
Dividend Investing

5 powerhouse ASX dividend shares to buy and hold until 2050

These shares could be the backbone of a strong 'forever' portfolio.

Read more »

Young investor sits at desk looking happy after discovering Westpac's dividend reinvestment plan
Dividend Investing

Forget Westpac shares, I'd buy these ASX dividend stocks

With some bank valuations looking stretched, I’d be looking at these dividend stocks for a more attractive mix of yield…

Read more »

Australian notes and coins symbolising dividends.
Share Market News

2 ASX dividend shares yielding 11% or even more

These ASX dividend-paying shares also offer potential for growth.

Read more »

Small girl giving a fist bump with a piggy bank in front of her.
Dividend Investing

Own ASX IOZ or other iShares ETFs? Here are the dividends you'll get today

BlackRock will pay your dividends today.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

2 ASX shares with dividend yields above 8%

These stocks can provide significant levels of passive income.

Read more »