This week (W/C 11th November 2019) 6 companies declared dividends with a yield of over 2% on the Australian Securities Exchange
This was:
Australia and New Zealand Banking Group Limited: an international bank with activities in general banking, mortgage and installment lending, life insurance, leasing, hire purchase and general finance. ANZ also provides international and investment banking, investment and portfolio management and advisory services, nominee and custodian services, stock broking and executor and trustee services.
Australian Pharmaceutical Industries Limited: A pharmaceutical support company which provides wholesale distribution of pharmaceutical and related products to pharmacies, hospitals and doctors. The Company also provides various retail support services and financial services to pharmacies along with distributing dental and related products to dental practices.
ERM Power Ltd: A generator of electricity. The Company operates gas-fired power plants, and sells the electricity to large business customers.
Genworth Mortgage Insurance Australia Limited: A provider of lenders mortgage insurance (LMI) in Australia. The Company is involved in loan mortgage insurance business. It underwrites LMI through flow and portfolio channels. In Australia, LMI facilitates residential mortgage lending by transferring risk from lenders to LMI providers, for high loan to value ratio residential mortgage loans. The Company has commercial relationships with over 100 lenders across Australia. It engages in residential mortgage policy development with the lending institutions, government bodies, local and international regulators and industry bodies. Its offerings include Standard LMI, Homebuyer Plus and Business Select/Low Doc. Its Standard LMI is available for a range of borrowers, including first homebuyers and investors wishing to access residential mortgage finance. Its Family Pledge is available for borrowers, mainly first homebuyers with no deposit.
National Australia Bank Limited: An international banking group which operates in Australia, New Zealand, Europe, Asia and the United States. The Group offers banking services, credit and access card facilities, leasing, housing and general finance, international and investment banking, wealth and funds management, life insurance and custodian, trustee and nominee services.
Westpac Banking Corporation: A banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services. The Company's segments include Consumer Bank, Business Bank, BT Financial Group (BTFG), Westpac Institutional Bank (WIB) and Westpac New Zealand. The Company has branches throughout Australia, New Zealand, Asia and in the Pacific region. The Company through its division offers its services under various brands, such as Westpac, St.George, BankSA, Bank of Melbourne and RAMS brands.
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