3 highest yielding ASX dividend shares

2020 was a year where quality dividends came few and far in between. Household ASX dividend shares including the big four banks opted to slash payouts, while many shares in sectors heavily affected by COVID-19 had to defer dividends entirely. 

For some ASX 200 dividend shares, revenue and cash flows remained consistent or even improved throughout the height of COVID-19 in Australia. Here are the highest yielding dividend shares in the ASX 200. 

1. Fortescue Metals Group Limited (ASX: FMG) 

Soaring iron ore prices lifted Fortescue’s earnings in 2020. The company reported a 49% increase in net profit after tax to US$4.7 billion and earnings per share of US$1.54 in FY20. Fortescue investors enjoyed the best of both worlds, with…