…from an excellent piece by SocGen (courtesy of Business Insider). We’ve profiled most of these stocks on this site and while some names (Chevron, Johnson & Johnson and Exxon) are perpetually solid dividend payers, one sector that didn’t pop up on our radar but is potentially very compelling long-term is: Australian Banks
Westpac (WBK)
Sector: Banks (Australia)
2011 Yield: 7.9%
Westpac has a September year end, and announced a second half dividend of AU$0.8, on top of the AU$0.76 paid at the half year stage, or a 12.2 percent increase over the prior year. Looking forward to 2012, expectations are for the dividend to increase 4.5 percent to AU$1.67. On current numbers, Westpac is yielding 8.1 percent for 2012FY.
Commonwealth Bank of Australia (CMWAY)
Sector: Banks (Australia)
2011 Yield: 6.6%
“For the full fiscal year 2012, consensus is expecting a dividend of AU$3.39, meaning that Commonwealth Bank of Australia is yielding 6.7 percent.”
Source: Societe Generale