The Australia's economy is one of the largest capitalist economies in the world with a GDP of US$1.57 trillion. It is dominated by its service sector. The economic society was established in 1925, which have seven branches across Australia and New Zealand and a Central Council. Investment in Australia can be a good source of income. You should watch these Australian dividend stocks for investing in Australia.
Mount Gibson Iron Limited (ASX: MGX)
It is an Australia-based company which is engaged in mining of hematite deposits at Tallering Peak, mining of hematite deposits at Koolan Island; mining of hemaltite deposits at Extension Hill, and exploration and development of hematite deposit at Koolan Island and in the Mid-West region of Western Australia. The company's subsidiaries include Mount Gibson Mining Limited, Geraldton Bulk Handling Pty Ltd. Aztec Resources Limited Koolan Iron Ore Pty Ltd, Koolan Shipping Pty Ltd and Brockman Minerals Pty Ltd.
It has a market capitalization of 657.08 Million, EPS is 0.08, P/E ratio is 7.47 and the dividend yield is 6.64% at the annual dividend payout of 0.02.
Monadelphous Group Limited (ASX: MND)
It is a diversified services company operating in the resources, energy and infrastructure industry sector. The company's services include fabrication, modularization, offsite pre-assembly, procurement and installation of structural steel, tankage, mechanical and process equipment, piping, demolition and remediation works, multi-disciplined construction services among others. In May 2013, The Group Ltd raised its stake to 15.75% by acquiring a further 5.048% in Anaeco Ltd.
The company has a market capitalization of 1.50 Billion, EPS is 1.74, P/E ratio is 9.73 and the dividend yield is 8.07% at the annual dividend payout of 0.62.
ALS Ltd. (ASX: ALQ)
It is formerly known as Campbell Brothers Limited which is engaged in the provision of technical testing and inspection services specifically supporting mining and mineral exploration, commodity certification, environmental monitoring, equipment maintenance, food and pharmaceutical quality assurance and industrial operations, distribution of non-food consumables to the healthcare, building services, hospitality and leisure industries. In February 2013 the company acquired Severn Trent Services Analytical Services from Severn Trent Plc.
It has a market capitalization of 3.42 Billion, EPS is 0.63, P/E ratio is 14.45 and the dividend yield is 5.19% at the annual dividend payout of 0.27.
Metcash Limited (ASX: MTS)
It is a wholesale distribution and marketing company which is specialized in grocery, fresh produce, liquor, hardware and automotive parts and accessories. The company has four divisions. On 25 January 2012 it announced the amalgamation of the IGA Distribution, IGA Fresh and Campbells Cash and Carry divisions, as well as the merchandising and advertising functions into a single Food and Grocery division. On September 30, 2011 it acquired Interfrank Group Holdings Pty Ltd.
The company has a market capitalization of 3.16 Billion, EPS is 0.31, P/E ratio is 11.66 and the dividend yield is 7.81% at the annual dividend payout of 0.17.
Coventry Group Ltd. (ASX: CYG)
It is an Australia-based distributor of industrial products operating throughout Australia and New Zealand. It operates a network of 67 branches/distribution centers. On March 1, 2012 the Company obtained control of Fluidrive Pty Limited. On February 1, 2013 the Company via its subsidiaries managed System Services Pty Ltd acquired the business of Multiprogramming Pty Ltd. its products include Fasteners, Fluids, Hardware and Gaskets Manufacturing.
It has a market capitalization of 105.56 Million, EPS is 0.27, P/E ratio is 10.41 and the dividend yield is 7.89% at the annual dividend payout of 0.11.