Here are two listed investment company (LIC) dividend shares that have yields of more than 7%:
WAM Leaders Ltd (ASX: WLE)
WAM Leaders recently announced its half-year result to 31 December 2019
Over the six months to 31 December 2019 the WAM Leaders investment portfolio grew by 6.6% before fees, expenses and taxes, compared to the 3.1% return of the S&P/ASX 200 Accumulation Index. Over 2019, WAM Leaders' gross portfolio performance was 27.3% compared to 23.4% for the index.
Some of WAM Leaders' biggest performers were Fortescue Metals Group Limited (ASX: FMG) which went up 21.5%, CSL Limited (ASX: CSL) which went up 28.3% and Western Areas Ltd (ASX: WSA) which went up 54.2%.
The WAM Leaders Board declared an interim dividend of 3.25 cents per share, representing a 22.6% increase on the FY19 dividend which brought the annualised grossed-up dividend yield to 7.2%, which is very attractive in this world of low interest rates and uncertain times for blue chips.
Clime Capital Limited (ASX: CAM)
Clime hasn't reported its December 2019 result yet, but it's likely to be a solid result because of the strong ASX market performance over the six months and twelve months to 31 December 2019.
The LIC has been paying a quarterly dividend of 1.25 cents per share for a couple of years now, which is attractive income stability, although a little bit of growth would be preferred.
It has a diversified portfolio of ASX large caps, mid-caps and small caps with its top stock holdings being shares like Amcor Plc (ASX: AMC), BHP Group Ltd (ASX: BHP), Webjet Limited (ASX: WEB), Bravura Solutions Ltd (ASX: BVS) and Electro Optic Systems Hldg Ltd (ASX: EOS), those businesses are a range of different sizes.
It currently offers a grossed-up dividend yield of 7.4%.
Foolish takeaway
Both of these shares offer attractive yields. I'd probably choose WAM Leaders over Clime because of the continued growth of the dividend and consistent good returns.
