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Highlights
The ASX 200 has traded on an uncertain note so far this year.
The weakness is mainly due to a rise in consumer prices and interest rates.
Still, there are notable exceptions that offer both capital appreciation and steady dividends.
The Australian share market has traded on an uncertain note so far this year. The ASX 200 has fallen over 6% on a year-to-date (YTD) basis. The weakness is mainly due to rising consumer prices and interest rates. Even the ongoing geopolitical tensions are weighing on the domestic market.
Still, there are notable exceptions that offer both capital appreciation and steady dividends. These are the stocks that investors would look to add to their portfolios, especially in the currently uncertain scenario.
On this note, let’s discuss why these three high yield dividend shares are among the best ASX performers on a year-to-date (YTD) basis:
New Hope Corporation Ltd (ASX:NHC)
New Hope Corporation is engaged in coal mining, exploration, port operation, etc.
The Australian coal producer New Hope Corporation has a dividend yield of 6.2% and has offered nearly 70.26% YTD return. Both numbers are as of Wednesday’s closing.
New Hope Corporation’s profits were boosted by a surge in the prices of coal in the recent months. The company recorded a record revenue of AU$1.67 billion for the 12-month period ending 31 January 2022.
Yancoal Australia Ltd (ASX:YAL)
Yancoal Australia is into the production of metallurgical and thermal coal required for usage in the steel and power generation industries.
Yancoal has a dividend yield of 8.20% and has offered a return of over 117% on a YTD basis.
The company’s board had declared a total dividend allocation of AU$930 million for FY21. The ASX coal stock has gained with investors looking to make the most out of the global energy crisis.
Grange Resources Ltd (ASX:GRR)
Grange Resources is engaged in the exploration of gold and iron ore. It has presence in Malaysia and Australia.
Grange Resources has a dividend yield of 6.80% and has risen 123% on a YTD basis.
The company’s shares have advanced due to a rise in commodity demand in the past few months. Iron ore prices have risen 24% in the first five months of the year. In its full-year financial results, Grange Resources reported nearly 60% surge in earnings.
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