Business
3 ASX dividend shares with yields above 5% – Motley Fool Australia
The three ASX dividend shares in this article have dividend yields above 5%. 1 example of a high-yield share is Magellan Financial (ASX:MFG).
Some investors may be turning to ASX dividend shares to boost their income in this era of very low interest rates.
The Reserve Bank of Australia (RBA) has pushed the official interest rate to almost 0%. But ASX dividend shares are known for offering higher yields than bank accounts.
Here are three examples of businesses that have dividend yields of 5% or more:
Magellan Financial Group Ltd (ASX: MFG)
This is a funds management business which has billionaire Hamish Douglass at the helm as both the…
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