BHP, PTM, TAH: Three ASX shares with highest dividend yields in FY22

July 08, 2022 09:06 AM AEST | By Ashish

BHP, PTM, TAH: Three ASX shares with highest dividend yields in FY22 — Image source: © Wutzkoh | Megapixl.com

Highlights

The Australian financial year 2022 closed at the end of June.

The benchmark ASX 200 index fell 10.2% in FY22.

There were dividend shares with trailing yields over 12%.

The financial year 2022 closed at the end of June. The benchmark ASX 200 index fell 10.2% in FY22. Now, as the new financial year begins, we would be closely tracking shares with the highest dividend yields in FY22. There were dividend shares with trailing yields over 12%.

What is a trailing dividend yield?

Trailing dividend yield or TTM represents the dividend percentage that a company paid over a period of time. Generally, the time frame is 12 months. TTM considers all dividends paid during past year while calculating the dividend yield.

However, investors should be aware of the fact that TTM represents what the firm distributed in the past and not what is expected going ahead. Thus, income investors should not just draft their future stock market strategies seeing some of these yields over 12%. It is possible that many of these stocks may not be able to repeat their past performance in FY2023.

Here we discuss three ASX shares which offered the highest dividend yields in the financial year 2022.

BHP Ltd (ASX:BHP)

Global resources firm BHP is always in demand among investors for its history of being a strong dividend player. BHP distributed the highest level of raw dividend in its history in FY2022. It gave away a massive AU$4.80 in fully franked dividends per share, taking the trailing yield to nearly 12.6% on current pricing.

Platinum Asset Management Ltd (ASX:PTM)

Platinum Asset Management announced 22 cents per share for its shareholders in fully franked dividends in the financial year under review. The highest dividend that the ASX-listed investment manager has ever paid was 47 cents per share in 2015. Platinum Asset Management’s trailing dividend yield rose to nearly 12.7% on the current pricing after its shares tumbled 62.85% in the past 12 months.

Tabcorp Holdings Ltd (ASX:TAH)

Gambling and entertainment services provider Tabcorp Holdings’ trailing dividend yield stands at over 12.8% in FY2022. The ASX-listed firm gave a total dividend of 13.5 cents per share in FY2022. In FY2021, the company distributed a dividend of 14.5 cents per share.

NOTE: - High dividend-paying shares are not good always. 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.

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