Best Dividend Stocks Australia Has To Offer

If you are here, you are probably an investor or looking to go into stocks sooner or later. Besides share price appreciation, dividends are another way to make money off of shares. Here are some of the best dividend stocks Australia has to offer you as an investor. 

These stocks would be a great addition to your portfolio as they all have economic moats, which is an indicator of quality, and yields of 5% and above.

These are excellent sources of passive income and would help to boost your earnings. Here’s a list of the best dividend stocks Australia can offer. Let’s get into it.

  • AGL Energy (ASX: AGL)

AGL Energy is one of the largest retail energy companies in Australia. The company provides gas, electricity, renewable energy, and other services. 

AGL Energy is involved in both the generation and distribution of energy for residential and commercial use.

With a Market Capital of 4.8 billion AUD, the company offers its shareholders an attractive yield of 6.84%. Its subsidiaries include; Click Energy, Southern Phone, Macquarie Generation, etc.

This is one of the best dividend stocks Australia has to offer. 

  • Pendal Group (ASX: PDL)

Pendal Group is an Australia-based company that is dedicated to the provision of investment management services.

The company is given to helping its clients manage their investment portfolios and providing consultations to individuals and institutions.

Pendal Group Limited boasts a market capital of 1.65 billion AUD and a generous annual yield of 9.85%. This makes it one of the best dividend stocks Australia has to offer.

  • Magellan Financial Group (ASX: MFG)

Magellan Financial Group is an investment management company that invests in global equities and global listed infrastructure. 

The company assures its clients sensible returns while protecting their capital. 

The Magellan Financial Group boasts a market capital of 2.87 billion AUD and a mouth-watering annual yield of 15.62%! 

This product is definitely worthy of being on the list of best dividend stocks Australia has to offer investors. 

  • Aurizon Holdings (ASX: AZJ)

Aurizon Holdings, formerly known as QR National, is an Australia-based freight transport company that exports bulk commodities. 

The company offers haulage services to the mineral, agricultural and industrial sectors. 

Aurizon Holdings boasts a market capital of 6.64 billion AUD and an annual yield of 7.03%.

  • Westpac Banking Corp (ASX: WBC)

Westpac Banking Corporation is an Australia-based bank and financial service provider. It is the first and oldest banking institution in Australia, so it has been around for quite some time. 

The name ‘Westpac’ is a combination of ‘Western’ and ‘Pacific.’ The company has a market capital of 77.76 billion AUD  and a yield of 5.4%. 

It seems befitting that the oldest banking institution in Australia made it to a list of best dividend stocks Australia can offer. 

That’s it, a list of best dividend stocks Australia has to offer that you can add to your portfolio. They are truly great means of earning passive income. 

Do your research and consider buying one or more of these best Australian dividend stocks today.

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