AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- The benchmark ASX 200 index is down 1.31% for the year so far.
- XRO has delivered a negative return of 28.27% in 2022, by 6 April.
- SCG shares are trading at a lucrative dividend yield of 4.59%.
The Australian market has had a rough day today, taking negative cues from Wall Street. The benchmark ASX 200 index closed the session 0.50% or 37.8 points down at 7,490.1; however, the index was down over 1% in early trade.
Image Source: © 2022 Kalkine Media®
Although the index is down 1.31% for the year, some of its constituents have delivered significantly varied returns. Let us have a look at three such ASX 200 shares.
Read More: ASX 200 tumbles at open; Polynovo rallies over 9%
- Xero Limited (ASX:XRO)
A New Zealand-based company, Xero is one of the leading cloud-based accounting software solutions providers. The company has a market capitalisation of AU$16.15 billion and recorded a total revenue of AU$848.78 and a net profit of AU$19.77 million in FY21.
Today, the XRO share price closed the session 2.89% down at AU$104.88 on the back of a volume of 377.4K shares. Being a high-growth tech company, it does not declare dividends and prefers to retain all profits for further expansion. The 52-week range of the stock is AU$90.15 – AU$156.65 and the stock is down 28.27% in 2022 so far.
- ASX Limited (ASX:ASX)
The ASX, as everyone knows is the premier stock exchange of Australia, having a market capitalisation of AU$15.9 billion. The ASX also comes under the top 10 global exchanges. In FY21, the exchange recorded a total revenue of AU$1.02 billion and a net profit of AU$480.9 million.
A regular dividend paying company, the ASX paid a dividend of AU$1.236 per share in CY21, translating into a dividend yield of 2.75%. Today, ASX shares closed 0.17% up at 82.69 and their YTD return stands at a negative 10.33%.
- Scentre Group Limited (ASX:SCG)
The last stock on our list is Scentre Group, a shopping centre company with retail destinations operating under the Westfield brand in Australia and New Zealand. The company has a market capitalisation of AU$16.09 billion and clocked a net profit of AU$0.89 billion in FY21, compared to a loss of AU$3.73 billion a year ago.
SCG shares plunged over 0.97% to close at AU$3.07 today, while the stock’s YTD return stands at a negative 5.54%. The company last paid a dividend of AU$0.073 on 28 February 2022 and is trading at a lucrative dividend yield of 4.59%.
Bottom Line
Investing in blue-chip companies is a relative better investment option for long-term investors who are looking for decent and stable returns. However, investors still have to go through periods of volatility which may result in drawdowns. Therefore, one must do a proper due diligence before investing.
Read More: TMK, BRX & AD1: Three ASX penny stocks defying market gloom today
