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Highlights
There are a few ASX-listed firms which have been paying consistent dividends despite the pandemic-related challenges.
These dividend stocks have either hiked or maintained the distribution to their shareholders.
Many ASX-listed firms have managed to pay dividends to their shareholders, despite the past few months posing challenges to the bottom line. These companies’ earnings took a hit due to supply chain disruptions and store closures on account of COVID-19 and Omicron-induced global lockdowns.
(One should be careful while selecting dividend shares. A stock’s dividend yield might be on the higher side due to a significant fall in its stock price, implying financial trouble that could impact its ability to deliver future dividends)
On this note, let’s discuss how much these four ASX stocks have announced in dividends for their shareholders.
BHP Group Ltd (ASX:BHP)
BHP Group declared a record dividend in the first half of the financial year 2022, supported by higher iron ore prices and near record production. The diversified mining firm announced an interim dividend of US$1.50 per share, up from US$1.01 a share declared a year ago.
The ASX-listed miner’s profit rose 144% to US$9.44 billion, while revenue from continuing operations soared 27% to US$30.5 billion in the six months to December 2021.
Commonwealth Bank of Australia (ASX:CBA)
Commonwealth Bank of Australia raised its dividend by 17% to AU$1.75 a share. The company’s last year interim payout was AU$1.50 per share.
CBA also shared its plans to return surplus capital to its investors with an AU$2 billion on-market buyback, on top of last year’s massive off-market AU$6 billion buyback.
The Australian bank delivered a rise of more than 20% in profit for the year ending 31 December 2021.
CSL Ltd (ASX:CSL)
CSL’s board maintained its interim dividend at US$1.04 per share despite its muted earnings in the half year ended 31 December 2021.
While the revenue of the biotechnology firm rose 5% (Y-O-Y) to US$6.041 billion, the net profit after tax (NPAT) fell 2.8% to US$1.760 billion due to a 3.4% decline in its gross margin during the given period.
National Australia Bank Ltd (ASX:NAB)
National Australia Bank announced a 5bps decline in NIM for the three months ended 31 December 2021. The bank reported an 8% increase in revenue over the second half quarterly average of FY2021, while its unaudited statutory net profit stood at AU$1.8 billion.
NAB paid a final dividend of 67 cents per share in 2021, more than double compared to 30 cents paid in 2020.
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