Top 5 ASX dividend stocks to watch in September 2021

This month, we spotlight five dividend-focused companies that investors may consider worth watching in the month(s) ahead.

ASX 200 continues to run into September

Equity markets have performed strongly over the last six months, as monetary policy remains accommodative and investors bullish on the performance of a number of key corporates.

In the last month, the ASX 200 benchmark has gained 18 points or 0.24%, at the time of writing trading at the 7,509 point handle. YTD the index is up 12.35%, a good result, but still behind a number of key international benchmarks such as the S&P 500 and the FTSE 250.

With Australian stocks trading around all-time highs, below we look at five dividend stocks that investors and traders may consider worth watching in September and beyond.

The general criteria for these ‘top’ dividend stocks include: a solid dividend yield and a consistent history of dividend payments. The data below is sourced from MSN Money and company data, where appropriate.

Top 5 ASX dividend stocks to watch in September

Over the last few months we have profiled a number of high-yielding dividend stocks, including Aurizon, Rio Tinto, Amcor, JB Hi-Fi, Harvey Norman, Scentre Group, Spark New Zealand, Origin Energy, AusNet Services, and BHP Group, Cimic, Worley, Genesis Energy, Pendal Group, and Magellan Financial Group.

This month we look at an additional 5 ASX-listed ‘dividend stocks’ that investors and traders may want to keep on their radar in the months ahead.

FMG dividends

Fortescue Metals Group (FMG) represents one of the world’s largest iron ore mining companies. Looking forward, FMG is pushing to expand its resources profile beyond iron ore as a means of diversifying and future proofing its operations. Off the back of the recent boom in iron ore prices, management has focused on declaring hefty dividends to investors, with FMG in 2021 paying out some $11 billion in dividends.

Read our coverage of FMG’s full-year results here.

Dividend Amount

Franking

Ex-dividend Date

$2.11

100%

September 6, 2021

$1.47

100%

March 1, 2021

$1.00

100%

August 31, 2020

$0.76

100%

March 2, 2020

FMG has an annual yield of 16.79%.

ADBRI dividends

Since its founding in 1882, ADBRI has been committed to pushing Australia’s construction sector forward. Spanning the residential and non-residential segments, the diversified construction and building company’s operations are primarily focus on the production and distribution of cement, lime, and other concrete products. Through a variety of joint ventures, ADBRI runs 57 quarries, 102 concrete plants.

Dividend Amount

Franking

Ex-dividend Date

$0.055

100%

September 22, 2021

$0.725

100%

April 7, 2021

$0.475

100%

September 21, 2020

$0.05

100%

April 9, 2020

ADBRI has an annual yield of 3.77%.

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CSR dividends

Another buildings products company, CSR's business is split up into three key segments, including building products, property and aluminium. Building products remains the most important for CSR, contributing $184.3 million in earnings (EBIT) across FY21. While residential activity had softened as a result of the pandemic, management said 'strong cost control and operational efficiency' was effective in offsetting these impacts. 'Our property business is well positioned to deliver strong returns over the next 10 years and beyond,' CSR's MD and CEO, Julie Coates said.

Dividend Amount

Franking

Ex-dividend Date

$0.24

100%

May 28, 2021

$0.125

100%

November 6, 2020

$0.14

50%

November 8, 2019

$0.13

50%

May 30, 2019

CSR has an annual yield of 6.74%

Contact Energy dividends

A diversified utilities company, Contact Energy represents one of New Zealand's leading providers of electricity, LPG, broadband, and renewable energy solutions. In 2021, the company delivered a profit of NZD$187 million, equal to EPS of NZD 25.3 cents per share, and recorded operating free cash flow of NZD$371 million. Since 2018 Contact has maintained a consistent and growing dividend.

Dividend Amount

Franking

Ex-dividend Date

$0.19

0%

August 26, 2021

$0.12

0%

March 12, 2021

$0.19

0%

August 26, 2020

$0.148

0%

March 18, 2020

Contact Energy has an annual yield of 3.95%.

Orora dividends

Orora is centrally involved in the manufacturing and distribution of packages. On its about page, Orora also describes itself as a 'visual communication solutions company'. While not the most flashy business, package making its decisively reliable, and profitable. In FY21 the company saw its underlying profit (NPAT) increase an impressive 23.7% to $157.6 million, while sales revenue edged almost a full-percent lower to come in at $3,538 million.

Dividend Amount

Franking

Ex-dividend Date

$0.075

0%

September 6, 2021

$0.065

0%

March 3, 2021

$0.055

0%

September 7, 2020

$0.37

50%

June 19, 2020

Orora has an annual yield of 4.19%.

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