3 ASX dividend shares with large yields and consistent payouts // Motley Fool Australia

In this article are three ASX dividend shares that have large dividend yields and consistent payouts.

The Reserve Bank of Australia (RBA) recently cut the official interest rate to just 0.10%.

There are some businesses on the ASX that have yields much higher than that:

JB Hi-Fi has a grossed-up dividend yield of 5.9% at the current JB Hi-Fi share price. It has grown its dividend each year since FY13.

In FY20 the company grew its final dividend by 76.5% to 90 cents per share, bringing the full year dividend to 189 cents per share – an increase of 33.1%.

The dividend growth was supported by the increase in sales and net profit. Total sales increased by 11.6% to $7.9 billion whilst underlying earnings per share (EPS) went up by…