5 dividend stocks for 2022- IRE, CMW, CLW, CQR, COL

Highlights

  • Despite the COVID-19 impact, sectors like Consumer Discretionary, Consumer Staples, All Technology and REIT delivered double-digit growth in last one year.
  • Selected players like IRE, CMW, CLW, CQR, COL can be explored while looking for dividend stocks in 2022.

COVID-19 was a challenging period for most indices on ASX. Many businesses were severely impacted, while many could deliver double-digit growth in the last one year. Some of these indices including Consumer Discretionary, Consumer Staples, All Technology and REIT gave double digit returns to its investors.

Source: ASX, Data as of 7 October 2021

In this backdrop, let us look at few dividend-paying companies from this indices with a positive outlook and can be considered while looking for some dividend stocks in 2022.

Iress Limited (ASX:IRE)

Iress Limited provides IT solutions to financial market participants and wealth managers. Since 2012, the Company has consistently provided dividends to its shareholders. In 1H FY2021, it provided an interim dividend of AU$0.160 on 24 September 2021. It has an annual dividend yield of 4.13% as on 7 October 2021.

                   

 ASX Dividend Stocks for 2022

 

In 1H FY2021, the Company delivered solid results. Pro forma net profit increased by 9%. Recurring revenue continues to support IRE, making up around 90% of total revenues. Reported NPAT increased by 55% to AU$40.9.

In 2H FY2021, the Company expects its segment profit to be up between 7%-10% on pcp. IRE is optimistic about its UK business. The business has a strong revenue pipeline. IRE projects good medium-term growth opportunities.

Cromwell Property Group (ASX:CMW)

Real estate fund manager & investor Cromwell Property Group has regularly provided dividends since 2016. In FY2021, CMW announced an interim dividend of AU$0.01625, payable 19 November 2021. It has an annual dividend yield of 8.59% as on 7 October 2021.

In FY2021, CMW reported an increase in the statutory profit by 73.5% to AU$308.2 million, while the Underlying operating profit plunged by 13.1% compared to FY2020. Total AUM improved to AU$11.9 billion in FY2021 from AU$11.5 billion in FY2020

In FY2022, some of CMW’s priorities include:

  • Improve performance of Core Australian property portfolio.
  • Grow development pipeline.
  • Grow Retail FUM.
  • Boost investment management capabilities plus scale in Europe.

ALSO READ: 5 dividend stocks to explore from real-estate space

Charter Hall Long WALE REIT (ASX:CLW)

Charter Hall Long WALE REIT invests in premium real estate assets. These assets are leased to government or corporates. Since 2017, CLW has constantly given dividends to its shareholders. It has an annual dividend yield of 5.94% as on 7 October 2021.

In FY2021, CLW reported a 3.2% increase in operating earnings to AU$159 million. It declared a statutory profit of AU$618.3 million and a distribution of 29.2 cents per share. During the financial year, the Company updated about AU$1.4 billion of new property acquisitions, assigned to enhancing portfolio quality, sector diversification, and boosting the quality along with the diversification of tenants.

In FY2022, CLW expects its Operating EPS guidance of at least 4.5% compared to FY2021.

ALSO READ: Stocks with Dividend Yield over 5%- CIM, WOR, MFG, CLW, APA

On 24 September 2021, CLW revealed the acquisition of a modern distribution centre in Larapinta, Queensland.

Charter Hall Retail REIT (ASX:CQR)

Charter Hall Retail REIT invests in supermarkets and shopping centres in Australia. CQR has provided its shareholders since 2011. It provided a final dividend of AU$0.127 per share on 31 August 2021. CQR has an annual dividend of 5.83% as on 7 October 2021.

In FY2021, CQR made a statutory profit of AU$291.2 million. It increased from AU$44.2 million in FY2020. Operating earnings increased by 9.5% to AU$156.2 million. It provided a final dividend of AU$0.127 on 31 August 2021.

In the coming period, CQR will focus on convenience retailers. Accordingly, the strategy would be on non-discretionary convenience retailers.

RELATED READ: How Charter Hall Retail clocked 24% surge in first half profit

Coles Group Limited (ASX:COL)

Australian retailer Coles Group provides fresh food, groceries, household goods, liquor, fuel and financial services online and via stores. Coles made its ASX debut in 2018, has constantly provided dividends, and has an annual dividend yield of 3.57% as on 7 October 2021.

In FY2021, the Company provided a final dividend of AU$0.280 per share on 28 September 2021. The total dividend for FY2021 increased by 6.1% to AU61 cents.

In FY2021, COL’s sales revenue increased by 3.1% to AU$38,562 million. Net profit after tax increased by 7.5% to AU$1,005 million. 

Net profit after tax increased by 7.5%

The Company has set its objective to distinguish in five major areas. These includes:

  • Win online food & drinks with an improved store & supply chain network.
  • Be a fantastic value Own Brand powerhouse along with destination for health.
  • Attain long-term structural cost advantage via automation and technology alliances.
  • Build Australia’s highly sustainable supermarket.
  • Deliver via team engagement along with execution speed.

Bottom Line:

The above players are one amongst the renowned players in their respective sectors and have fared well despite COVID-19 challenges. Based on the positive outlook of these companies one can consider them while looking for dividend stocks in 2022.

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