Business
2 ASX dividend shares with yields above 4%
Some of the dividend shares on the ASX have yields of more than 4%.
The Reserve Bank of Australia (RBA) interest rate is now just 0.1%, which is almost as close to 0% as you can go.
There are some businesses that currently have yields which are much higher than the RBA interest rate. The below businesses were among the few that increased their income payments to investors during the 2020 calendar year:
Brickworks increased its FY20 dividend by 4% to 59 cents per unit. That means at the current Brickworks share price it has a grossed-up dividend yield of 4.2%.
The business hasn’t cut its dividend since 1976.
The ASX dividend share funds its dividend from two core asset groups. The first area of long-term support for the…
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