JHX, SQ2 & DXS: How have these ASX blue-chip stocks fared this year?

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Highlights

  • The benchmark ASX 200's YTD return stands at a negative 1.65%, last closing at 7,464.3  on 29 March 2022.
  • JHX has been one of the worst ASX 200 performers, losing 27.11% in 2022 so far.
  • DXS shares are trading at an attractive dividend yield of 4.7%.

The Australian market scale higher on Tuesday, continuing the rally that started from 9 March 2022. Today, the benchmark ASX 200's YTD return stands at a negative 1.65%, last closing at 7,464.3 on 29 March 2022, while the ASX All Ordinaries index was down 1.74% to 7,747 in the same period.

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The year-to-date return of the benchmark index has been improving for the last couple of weeks and currently stands at -1.65%.  On that note, let us have a look at three ASX 200 blue-chip stocks – JHX, SQ2 & DXS and their respective performance this year.

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  1. James Hardie Industries Plc (ASX:JHX)

James Hardie Industries is an ASX-listed building materials company having a market capitalisation of AU$18.74 billion. The company is into manufacturing, selling and marketing of fibre cement building materials. In FY21, the company clocked a revenue of AU$2.91 billion and a net profit of AU$0.26 billion, allowing the company to pay a total dividend of AU$1.087 per share in CY21.

JHX shares closed Tuesday’s session at AU$41.4, losing 1.24% for the day. The YTD return of the stock stands at a negative 27.11%, as of 29 March 2022. The dividend yield of the stock is 0.98%.

  1. Block inc. (ASX:SQ2)

Jack Dorsey’s Block Inc., formerly known as Square, is a California-based financial services company, which acquired Australian BNPL giant Afterpay earlier this year. The company recorded a massive revenue jump to AU$17.66 billion in FY21, compared to a revenue of AU$9.5 billion in FY20 and AU$4.71 billion in FY19. The company has a market capitalisation of AU$91.05 billion.

SQ2 shares have done better than the benchmark ASX 200 index this year, delivering a return of 3.69% to AU$183.15, as on 29 March 2022. The stock is also trading near its all-time high of AU$190.49.

  1. Dexus Limited (ASX:DXS)

The last stock on our list is Sydney-based Real Estate Investment Trust Dexus. The company manages a wide portfolio of Australian properties and owns office spaces, healthcare and industrial properties, etc. The company has a market capitalisation of AU$11.65 billion and declared a dividend of AU$0.28 per share in February 2022.

DXS shares are up 1.75% to the last closing price of AU$11.03 on 29 March 2022, however, the stock’s YTD return stands at a negative 2.39%. The current dividend yield of the stock stands at a lucrative 4.7%.

Bottom Line

Investing in blue-chip companies might seem a better option for conservative and long-term investors. However, investors still need to be cautions while making investment decisions as these companies might be more resilient against corrections, but they are not totally immune.     

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