Dividends are a great way to boost your wealth over the long term, particularly when they are reinvested to let compounding work its magic. With that in mind, here are three stocks that are still trading at attractive levels in July and offer fat, juicy dividends:
1) M2 Group Ltd (ASX: MTU) is a good alternative to Telstra Corporation Ltd (ASX: TLS) for investors wanting exposure to solid growth prospects and an attractive fully franked dividend. M2 Group is in a prime position to capitalise on Australia's booming telecommunications industry with strong subsidiaries like Dodo and Primus. The stock yields 5.1% (all dividends in this article are based on 2015 forecasts).
2) BHP Billiton Limited (ASX: BHP) remains one of, if not the safest option in the sector thanks to its high level of diversification and economies of scale. As it continues to trim costs and improve productivity, it is quickly becoming more and more appealing as an investment – particularly with its 3.5% fully franked dividend yield.
3) JB Hi-Fi Limited (ASX: JBH) has fallen heavily in 2014 after rallying strongly last year and is sitting 17.9% below its 52-week high. In addition to offering a 4.4% dividend yield, it also boasts strong growth prospects thanks to its new 'Home' format stores.
Is this the BEST dividend stock on the ASX?
M2 Group, BHP Billiton and JB Hi-Fi would all make for solid additions to your portfolio today and could reap strong gains for the coming years. However, there is another ASX stock which is shaping up to be even BETTER!
