After an all-round great FY21, these ASX 200 giants are about to pay record dividends to investors.
The post These ASX 200 dividend shares are about to dish out $40bn to shareholders appeared first on The Motley Fool Australia. –
Shareholders of some of the biggest ASX 200 companies are about to get their slice of a record $40 billion payout pie as dividend season hits the ASX.
According to AMP Capital’s head of investment strategy and economics, Dr Shane Oliver, the profits of listed companies collectively increased by almost 50% in the financial year 2021.
Three in every four ASX companies reported increased profits.
Miners and banks were among the major winners for FY21. In turn, many ASX 200 banks and miners will hand much of their extra income to shareholders, as will some other top-performing ASX 200 dividend shares.
In fact, Dr Oliver said ASX companies will pay out a combined $40 billion worth of dividends as a result of FY21 earnings – a new record for the ASX. Additionally, more than $20 billion has been put towards buybacks, adding value to shareholders’ portfolios.
So, if you’re a shareholder of these companies, you’re likely in for a good payout soon.
These ASX 200 dividend shares raised their payouts in FY21
These ASX 200 shares boosted their FY21 dividends.
Commonwealth Bank of Australia (ASX: CBA)
CBA’s final dividend for FY21 is fully franked at $2. That’s $1.02 more than that of FY20 and sees CBA’s full-year dividends reach $3.50 per share.
Additionally, the bank is conducting a $6 billion share buyback, taking 3.5% of its shares off the market.
CBA shareholders will receive their dividend deposits on 29 September.
CSL Limited (ASX: CSL)
CSL boosted its FY21 dividends by 10% compared to FY20. Its final dividend is US$1.18 per share, bringing its total FY21 dividends up to US$2.22 per share.
CSL’s dividend payment date is set for 30 September.
Fortescue Metals Group Ltd (ASX: FMG)
This ASX 200 share elected to pay out a massive 80% of its FY21 net profit after tax to shareholders, with a fully franked final dividend worth $2.11 per share. That means the miner is giving out a total of $3.58 per share in FY21 – 103% more than it did in FY20.
Fortescue’s dividend payment date is 30 September.
Wesfarmers Ltd (ASX: WES)
Wesfarmers’ fully franked final dividend for FY21 came to 90 cents per share. This brought its full-year dividends to $1.78, which is 17% more than it gave its shareholders in FY20 (discounting FY20’s special dividend).
The conglomerate will pay its final dividend on 7 October.
BHP Group Ltd (ASX: BHP)
BHP saw its profits increase 88% for FY21. As a result, it is handing its shareholders a fully franked final dividend worth $2.71 per share. That brings its full-year dividend to approximately $3.70 per share.
As The Motley Fool Australia reported last month, BHP paid a full-year dividend of $1.75 per share in FY20.
BHP’s dividend payments date is 21 September.
The post These ASX 200 dividend shares are about to dish out $40bn to shareholders appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
What’s moving the CBA (ASX:CBA) share price this week
2 of the best ASX share ideas according to this leading broker
How is the CSL (ASX:CSL) share price performing against its sector in 2021?
Could falling iron ore prices be good for the Fortescue (ASX:FMG) share price?
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.