3 ASX shares you might be surprised to learn pay dividends

Here are 3 ASX dividend shares you may never have heard of…

| More on:
A woman gives a side eye look with her lips pursed as though she might be saying ooh at something she's hearing or learning for the first time.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

When it comes to ASX dividend shares, a few names stand out. If you asked a randomly selected investor to name three ASX dividend shares, chances are you will get a bank, a miner and maybe Telstra Corporation Ltd (ASX: TLS) or Woolworths Group Ltd (ASX: WOW).

On one level, this is fair enough. Most of the ASX 200 blue chip miners have spent the past year or two doling out record dividend payments. And most of the ASX banks like Commonwealth Bank of Australia (ASX: CBA) have been paying dividends for decades.

But the ASX is full of dividend-paying shares, making an income investors' universe far larger than a collection of banks and miners. So let's check out three ASX dividend shares that you might not even realise pay dividend income to their owners.

3 ASX dividend shares you might not know about

Harvey Norman Holdings Limited (ASX: HVN)

Chances are you've heard of the hardly normal Harvey Norman. This famous Aussie retailer has been around for decades. But what you might now know is that Harvey Norman shares are pretty consistent when it comes to dividends.

This company hasn't missed a dividend payment in over a decade. Indeed, it has recently paid out some of the largest dividends in its history, with investors enjoying the payment of a 20 cents per share fully franked interim dividend earlier this month. Over the past year, Harvey Norman's dividends give its shares a fully franked trailing yield of 7.7%.

JB Hi-Fi Ltd (ASX: JBH)

JB Hi-Fi is another famous Australian retail name. You've probably seen its yellow branding and advertising pop up regularly. But what you might not have seen yet is this company's own impressive history when it comes to funding dividends.

The company only started doling out the cash in 2014. But since then, JB has grown its payments from 29 cents a share to the $2.87 investors received last year. Like Harvey Norman, JB's dividends usually come fully franked as well. At current pricing, JB Hi-Fi offers a trailing dividend yield of 5.67%.

Super Retail Group Ltd (ASX: SUL)

Unlike the other two names on this list, Super Retail Group is not a company with widespread name recognition. However, it's a different story with the businesses and brands this company owns. They include Supercheap Auto, BCF, Rebel, and Macpac. Ringing a bell now?

Super Retail is a company that has a strong, if recently rather erratic, history of paying its investors large dividends. Between 2009 and 2019, Super Retail raised its annual dividend every year bar one. 2020 saw COVID take a big toll on investors' incomes, with the company only paying out 19.5 cents per share in contrast to the 50 cents investors enjoyed in 2019. However, the company arguably made it up to shareholders last year when it treated investors to 88 cents per share in dividends. At current pricing, Super Retail Group has a trailing and fully franked dividend yield of 8.28%.

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd., Super Retail Group Limited, and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Happy man working on his laptop.
Dividend Investing

Buy 18,947 shares of this top ASX dividend stock for $300 per month in passive income

One leading broker sees this income stock as a great option for investors now.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

These ASX dividend stocks offer massive 7% to 8% yields (and major upside)

Analysts think that these stocks could be top options for income investors right now. Let's find out why.

Read more »

A smartly-dressed businesswoman walks outside while making a trade on her mobile phone.
Dividend Investing

Buy and hold Telstra and these ASX dividend shares in 2025

Analysts think these stocks could be great picks for income investors. Let's see why.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

One magnificent ASX dividend stock down 10% to buy and hold for decades

I’m calling on this stock to be a solid dividend option for many years.

Read more »

Excited woman holding out $100 notes, symbolising dividends.
Dividend Investing

A dividend giant I'd buy over Westpac shares right now

I’m not banking on Westpac to deliver the best returns.

Read more »

Woman holding $100 Australian notes representing dividends.
Dividend Investing

The smartest ASX dividend shares to buy with $2,000 right now

Analysts think that income investors should be buying these shares this week.

Read more »

a hand reaches out with australian banknotes of various denominations fanned out.
Dividend Investing

2 ASX 200 dividend stocks to buy and hold for 10 years

Goldman Sachs has good things to say about these shares.

Read more »

Person handing out $50 notes, symbolising ex-dividend date.
Dividend Investing

Buy these ASX dividend stocks for 5% to 7% yields in 2025

Looking for dividends? Analysts think these shares could be worth considering.

Read more »