3 ASX 200 dividend shares that surged yesterday

ASX 200 dividend shares are under pressure in this bear market, but there were 3 big names that I had my eye on in yesterday's trade.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

ASX 200 dividend shares had a rollercoaster day on Wednesday as the S&P/ASX 200 Index (ASX: XJO) closed 0.86% lower at 5,206.90 points. 

It wasn't all bad news yesterday as investors took in a lot of news. There's evidence Australia is flattening the coronavirus curve and we saw the $130 billion JobKeeper stimulus program pass through the House of Representatives.

Here are 3 ASX 200 dividend shares that climbed higher on an up and down day for the Aussie share market.

3 ASX dividend shares that rocketed yesterday

Scentre Group (ASX: SCG) shares rocketed 7.43% higher yesterday in some good news for shareholders. The retail REIT has been one of the ASX 200 dividend shares under real pressure in 2020.

However, a new code of conduct for commercial real estate tenants and landlords is providing some clarity for Scentre. There's also talk of easing restrictions if the spread of COVID-19 can be contained.

That's good news for Scentre, which operates the famous Westfield chain across Australia and New Zealand. Scentre shares are yielding 10.22% right now. However, I think the nature of the pandemic means that will be cut in 2020, but it could still be a long-term buy.

Even still, I think Scentre will be one of those ASX 200 dividend shares bouncing back in 2021.

The SEEK Limited (ASX: SEK) share price jumped 4.29% to $15.80 on Thursday. That's good news given the Aussie employment services group has been under pressure in 2020.

Seek shares are down 30% in 2020, given most companies aren't looking to hire right now. However, if we start to see restrictions rolled back sooner rather than later, that could be good news for Seek.

Employers will need to hire staff if they are to ramp up operations after the pandemic. That could put the ASX 200 dividend share back in the buy zone in 2020.

JB Hi-Fi Limited (ASX: JBH) shares were another on the climb yesterday. The Aussie retailer's shares jumped 3.30% to $31.63 at the market close. I still think JB Hi-Fi could benefit from strong home office and entertainment sales in 2020.

The ASX 200 dividend share was on the rise yesterday and investors seem to be positive about an earnings turnaround in 2020.

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Scentre Group and SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

These shares are having a good session on hump day. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX shares this Tuesday.

Read more »