If an income investor scours the S&P/ASX 200 Index (ASX: XJO) today in the search for a dividend yield over 6%, they might be looking for quite a period. As it stands today, there aren't too many ASX 200 dividend shares offering yields over 5%, let alone 6%.
Not the big four ASX banks, not Telstra Group Ltd (ASX: TLS), nor Coles Group Ltd (ASX: COL), and not Wesfarmers Ltd (ASX: WES).
Fortunately, though, there are still some ASX 200 shares that have a 6% yield or greater on the table today. Let's go through two of them.
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2 ASX 200 shares with dividend yields over 5% right now
Metcash Ltd (ASX: MTS)
ASX 200 consumer staples stock Metcash is first up. You may not have heard of this company, which is perenially in the shadow of its larger and more famous rivals, Coles and Woolworths Group Ltd (ASX: WOW). Even so, I'm sure you'd be familiar with many of the names that Metcash supplies to. These include the IGA and Mitre 10 store networks.
Like many consumer staples shares, Metcash has a decent history of paying reliable dividends. Its last two payments came to a total of 18 cents per share, with full franking credits attached to both. This gives Metcash a healthy trailing dividend yield of 6.08% at yesterday's closing share price of $2.96. That hikes up to an impressive 8.69% with the value of those full franking credits.
Charter Hall Long WALE REIT (ASX: CLW)
Next up, we have a real estate investment trust (REIT) to check out. Charter Hall Long WALE REIT is a fund that specialises in real estate investments with a long weighted average lease expiry (WALE). It lives up to that name, with this REIT's portfolio currently holding an average WALE of 92 years.
Like most REITs, Charter Hall Long WALE collects rental income from its property assets (in this case, mostly offices, distribution centres, and industrial parks) and passes it on to its investors through dividend distributions.
This REIT's last two dividend distributions have come in at 6.38 cents per unit each. That gives the Charter Hall Long WALE REIT a trailing dividend distribution yield of 6.89%. That's at yesterday's closing price of $3.70 per unit. Unfortunately, like the vast majority of its peers in the REIT space, Charter Hall Long WALE is not able to attach franking credits to its payouts, though.
