10 of the highest-yielding stocks on the ASX

There are currently 10 stocks with double-digit yields on the ASX, exactly half the amount there was this time last year.
While double-digit yields certainly sound enticing, investors should be aware that they could indicate that the market believes a company has limited growth prospects, a falling share price, or a one-off dividend.
For those not in the know, dividend yield is calculated by adding up all the dividends (both special and normal) paid over the last 12 months and then dividing that value by a stock's current share price.
So, are any of these double-digit yields sustainable?
To find out, Livewire's Ally Selby was joined by Plato Investment Management's Peter Gardner and Merlon Capital's Andrew Fraser.
They share at what point alarm bells should start ringing on the sustainability of these yields, and where they are seeing growing yields over the short and long term. They also each name a stock they are backing - which surprisingly, are both incredibly similar - for attractive income over the next few years.
Note: This episode was recorded on Wednesday 5 June 2024.

[@carlmay8314]

IAG dividend is 3% and franked at 40%. QBE is 3.8% and 10% franked. Sounds crap to me

[@Dodo-ck5tq]

Good stuff, good update.

[@ksawale3250]

Thanks for the video. As usual good content!!

[@hotchinahk]

Thank you, I love yield stocks as I am almost retire and income is important to me.

[@ceeps460]

Nick scali and JB hifi still paying dividends in spite of quantitative tightening

[@Tom0000]

These bros are just shilling their holdings 😂

[@infinity3033]

No mention of HZN.

[@TheTaipan]

Look at what they do, not what they say. HZN isn't on their radar because of market cap but Plato holds NHC and WDS and MERLON holds STO so they obviously think there's legs in those areas. YAL and HZN just don't meet the criteria for them to invest in (ASX200) and they wont/cant recommend them.

[@infinity3033]

@@TheTaipan makes sense. cheers

[@tradetech7889]

If your "dividend" stocks are not beating a standard term deposit rate at a bank by 200% then....your portfolio sucks quite frankly. CSL (a classic broker favorite)for example has gone backwards since 2020! WAY overpriced & over rated.