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Highlights
ASX dividend shares have performed on a strong note so far in 2022.
These companies have managed to pay healthy dividends despite concerns around rising interest rates and inflation.
However, high dividend-paying shares are not good always for all.
The ASX-listed dividend shares had a strong outing so far this year. Investors have received strong dividends despite concerns around rising interest rates and inflation. As a result, stocks with decent dividend-paying history are getting increased attention from investors. Furthermore, a few dividend paying stocks have also racked up strong capital gains so far in 2022.
(However, 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)
On this note, let’s discuss a few best performing ASX-listed dividend shares with year-to-date (YTD) gains over 66%:
New Hope Corporation Ltd (ASX:NHC)
New Hope Corporation is an Australian managed company whose functions extend to coal mining, exploration, port operation, conventional oil, agriculture, etc.
The energy stock has a dividend yield of 9.68% and rose over 66% on a YTD basis.
The stock recorded capital gains amid rampant rise in coal prices this year. The coal prices rose nearly 136% to nearly US$400 from US$170 per tonne since the start of the year. The rise in coal prices has boosted the profits of the company, which helped it to disburse more in dividends to its shareholders.
Grange Resources Ltd (ASX:GRR)
Grange Resources is into iron ore exploration and gold exploration and has presence in Malaysia and Australia.
The energy stock has a dividend yield of 8.30% and rose over 82% on a YTD basis.
The share price of Grange Resources jumped on robust commodity demand. In February, Grange released its full-year financial results highlighting a massive 58% rise in earnings. The company reported AU$321.6 million in net profits, putting it in a strong position to deliver healthy dividends.
Coronado Global Resources (ASX:CRN)
Coronado Global Resources is one of the largest producers of high-quality metallurgical coal in the world. It operates in two regions i.e., the Bowen Basin in Queensland, Australia, and the Central Appalachian in US.
The energy stock has a dividend yield of 5.26% (once the special dividend is factored in) and rose over 80% on a YTD basis.
The company reported record results for the period ending 31 March 2022. It posted a record quarterly revenue of US$947 million, up 22.3% from the December quarter. Group run-of-mine production stood at 6.7 million tonnes, rising 5% from the prior quarter.
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