Coca-Cola Amatil Ltd
Following a disappointing start to the year, the share price performance of Coca-Cola Amatil Ltd (ASX: CCL) has picked up sharply in recent weeks. In fact, the drinks company is now 10% up since the turn of the year but, despite this, it still offers investors an enticing yield.
That's because Coca-Cola Amatil yields a partially franked 4.1% and, with the company's management team stating in its recent update that it now expects growth to resume following a number of challenging years, the long-term dividend potential of the company looks to be bright.
And, with Coca-Cola Amatil trading on a price to sales (P/S) ratio of 1.59 (which is equal to that of the wider market), it seems to offer decent value for money given its strong income potential.
Macquarie Group Ltd
For a relatively cyclical company that is partly dependent upon the performance of the wider index for the level of its income, Macquarie Group Ltd (ASX: MQG) has a surprisingly low beta of 1.05. This means that its shares are not as volatile as you may expect, with them due to move by 1.05% for every 1% change in the value of the wider index.
As a result, Macquarie could be a relatively stable stock – especially when you consider that it also offers a partially franked yield of 4%. Macquarie's dividends are due to be covered 1.45 times by profit in the current year so it has generous headroom when making shareholder payouts. This, combined with the aforementioned yield and beta, makes Macquarie an enticing income stock.
Scentre Group Ltd
Maiden results released this week from Scentre Group Ltd (ASX: SCG) highlighted the potential that the company has and it seems to be a buy at the present time. For example, in the six months to 31 December it posted funds from operations of $578 million, with improved market conditions from the new international retailers and higher rents from new tenants helping to improve the company's bottom line.
And, with Scentre offering a yield of 5.4% at the present time and trading on a price to earnings (P/E) ratio of just 11 (versus the ASX's P/E ratio of 16.3), it seems to offer a potent mix of income prospects and an appealing valuation. As such, it seems to be worth buying right now.
