With interest rates being cut to 1% by the RBA, investors are out hunting for strong dividend yielding stocks. Last week I caught up with our research partners, Banyan Tree to talk about what their top recommendations are. After putting the stocks into a spreadsheet I found that the portfolio of 22 stocks are forecasted to pay a yield of 5.5% in FY2020. This number did not include franking, so the grossed up return will be higher.
Surprisingly the list of high dividend paying stocks only included one bank, being the Commonwealth Bank. The list of income stocks is restricted to our existing clients only. So feel free to contact us; our door is always open.
Returns on Cash just aren’t cutting the mustard anymore!