BHP, CSL & FMG: How these 3 ASX blue-chip stocks are doing this month

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Highlights

  • The benchmark ASX 200 index is down 1% for the month so far, as of 11 April 2022.
  • ASX 200 miners such as BHP and FMG are trading at a lucrative dividend yield.
  • Investors must do proper due diligence before investing in even seemingly safe stocks.

The Australian market started the week on a mildly positive note, with the benchmark ASX 200 index delivering a 0.1% gain to close at 7,485.2 on 11 April 2022. However, for the month, the index is down 1% so far.

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If you are holding few ASX 200 stocks in your portfolio or planning to buy some of these blue-chip companies, then you might be interested to know how these stocks have performed for the month so far? Here are the details of three blue-chip ASX 200 companies.

Read More: 4DS, RAP & RNO - Three ASX penny stocks getting head start for the week

  1. BHP Group Limited (ASX:BHP)

BHP Group is the largest Australian miner on the ASX with a market capitalisation of AU$262.9 billion. The company has a diversified portfolio of mineral-rich products including iron ore, coal, copper projects, etc. The company clocked a high revenue of AU$56.92 billion in FY21, compared to AU$42.93 billion a year ago, also leading to a higher net profit of AU$11.3 billion over AU$7.96 billion in FY20.

The BHP share price closed Monday’s session 0.5% down at AU$51.68, while the stock’s year-to-date return stands at a decent 21.94%. In April, the stock was trading flat with a minor loss of 0.14%. The stock is also trading at a healthy dividend yield of 9.23%.

  1. CSL Limited (ASX:CSL)

CSL is a heathcare company that develops, manufactures and sells pharmaceutical and diagnostic products, cell culture media and human plasma fractions. The company has a market capitalisation of AU$127.9 billion. The company has been boosting its revenue growth for the last few years – from AU$8.54 billion in FY19 to AU$9.15 billion in FY20 to AU$10.31 billion last year.

Last month, the company declared a dividend of AU$1.422, which was paid on 6 April 2022, giving a dividend yield of 1.13% to CSL shares. The stock closed 0.09% lower at AU$265.47 on 11 April 2022 and is 10.31% down for the year so far. This month, the stock has delivered a small loss of 1% to investors.

  1. Fortescue Metals Group Limited (ASX:FMG)

Fortescue Metals Group is also one of the largest Australian miners, with a market capitalisation of AU$67.21 billion and recorded a massive profit of AU$22.28 billion in FY21, compared to AU$12.82 billion in FY20. FMG shares are trading at a dividend yield of over 13.6% -- one of the highest among ASX 200 stocks, making FMG a lucrative bet for dividend lovers.

The FMG share price rallied 6.75% this year to the last losing price of AU$21.19 on 11 April 2022. The return for the month of April 2022 stands at 2.57%.

Bottom Line

Although investing in blue-chip ASX 200 shares is relatively less risky than investing in other smaller peers; however, the risk cannot be eliminated completely. Therefore, before investing in even seemingly safe stocks, investors must do a proper due diligence.

Read More: RGL, LRS & CXM - Three ASX mining penny stocks that surged over 150% in March


 


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