Investing in Australian shares can give you many advantages. These shares provide investors with a part ownership in the company, entitling the shareholder to a portion of the company's profit via dividends. If shares are sold for a profit there are also chances for investors to receive capital gains. One of the benefits of Australian stocks is that if they are held for more than 12 months, they qualify for a 50% discount on any capital gains. Here are five Asx dividend stocks for investors who want to make income from Australian stock market.
Boart Longyear Ltd (ASX: BLY)
Boart Longyear Ltd is an Australia-based integrated provider of drilling services, drilling equipment and performance tooling for mining and drilling companies. It conducts its activities through its two operating division such as Global Drilling Services and Global Products which designs, manufactures and sells drilling equipment and performance tooling to customers in over 100 countries. Its Global Drilling Services segment operates in over 40 countries on five continents for a variety of mining customer base including copper, gold, nickel, zinc, uranium, and other metals and minerals.
The company has a market capitalization of 228.28 Million, EPS is 0.16, P/E ratio is 3.07 and the dividend yield is 14.41% at the annual dividend payout of 0.01.
Cabcharge Australia Limited (ASX: CAB)
It is an Australia-based company which is engaged in the provision of taxi related services in Australia. The company is also involved in the provision of bus and coach services to customers in Australia through its interest in an associate company. Its subsidiaries include Combined Communications Network Pty Ltd, taxi Combined Services Pty Ltd, Silver Service Taxis Pty Ltd, yellow Cabs of Sydney Pty Ltd and Cab charge International Limited.
It has a market capitalization of 533.51 Million, EPS is 0.56, P/E ratio is 7.92 and the dividend yield is 8.13% at the annual dividend payout of 0.18.
David Jones Limited (ASX: DJS)
The company is engaged in department store retailing and financial services through an alliance with American Express. It has two operating segment which include Department Stores and Financial Services. In August 2012, DJS announced the introduction of 85 new brands into its business. These new brands include Valentino, James Perse, Gary Bigeni, We are Handsome, Vivienne Westwood, Paul & Joe Sister and Nicholas Kirkwood.
The company has a market capitalization of 1.32 Billion, EPS is 0.17, P/E ratio is 14.63 and the dividend yield is 6.85% at the annual dividend payout of 0.10.
Bendigo and Adelaide bank Limited (ASX: BEN)
It is an Australia-based company engaged in the range of banking and other financial services. Its services include retail banking, mortgage distribution through third-parties, business lending, margin lending, business banking and commercial finance, invoice discounting, funds management, treasury and foreign exchange services, superannuation, financial advisory and trustee services. In third party banking the company derives income and fees from the manufacture and processing of residential home loans.
The company has a market capitalization of 4.20 Billion, EPS is 0.72, P/E ratio is 14.44 and the dividend yield is 5.75% at the annual dividend payout of 0.30.
Challenger Ltd (ASX: CGF)
The company is formerly known as Challenger Financial Group Limited which is engaged in the provision of financial services. It has three operating segments: Life, Fund Management and Corporate and other. On February 25, 2011, the Company acquired 100% of the units in Challenger High Yield Fund (NYSE:HY). On June 25, 2011 it acquired a controlling interest in Oaklands Hill Pty Limited.
It has a market capitalization of 2.27 Billion, EPS is 0.65, P/E ratio is 6.51 and the dividend yield is 4.71% at the annual dividend payout of 0.09.
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