Which ASX shares pay the best dividends?

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Dividend stocks have been popular among risk-averse investors who seek consistent income and prefer staying away from risky investments. Dividends are generally paid by well-established, mature firms and form a part of passive income for the investors.

While companies are not obligated to pay dividends with the decision lying solely with the Company’s management, companies, including blue-chip stocks, generally pay out regular dividends, even during a volatile market scenario, an example being the COVID-19 pandemic that continues to affect the world economy.

This article will walk you through the best dividend payors on the ASX based on annual dividend yield.

AGL Energy Limited (ASX:AGL)

A prominent player in the energy space, AGL Energy provides electricity, gas, and renewable energy services for both commercial and residential use. Besides, the Company offers mobile plans and internet services.

Fortescue Metals Group Limited (ASX:FMG)

A leading iron ore firm, Fortescue Metals has its prime assets in Western Australia’s Pilbara region. Established in 2003, the Company has become one of the largest iron ore producers worldwide.
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