3 ASX 200 dividend shares making year-to-date highs

These dividend favourites are hitting new 2021 highs.

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The bullish performance of the S&P/ASX 200 Index聽(ASX: XJO) so far in 2021 has given these household ASX 200 dividend shares an extra kick in capital gains.

Stockland Corporation Ltd (ASX: SGP)

The Stockland share price continues to rise, closing in on its pre-COVID high. The company’s shares are currently up almost 16% year to date to $4.85. They need another ~13% to top their 21 February 2020 high of $5.47.

According to Stockland’s third-quarter update, the property development company has undergone a strategic reallocation of capital. It has done this through a revamped logistics business, the disposal of non-core retail and retirement village assets, restocking of high-quality residential projects, and remixing its retail portfolio.

The update advised a forecasted funds from operations (FFO) per share between 32.5 cents and 33.1 cents for FY21. This is in line with prior guidance. The company also intends to pay 75% to 85% of its FFO in dividends.

The lower end of its FFO guidance and payout ratio would represent a dividend yield of about 5.1% at today’s prices.

Transurban Group (ASX: TCL)

The Transurban share price is up by around 6.8% in 2021 to trade at $14.59. This is just shy of its year-to-date high of $14.66 reached in intraday trading yesterday.

The toll road operator previously advised a 1.1% increase in its March quarter average daily traffic figures compared to 2020. This is still down 3.8% compared to 2019. It has observed that traffic has recovered to pre-COVID levels in markets where restrictions have lifted, including Sydney and Brisbane.

Transurban previously paid an interim dividend of 15 cents per share on 16 February, with its full year distribution to be “in line with free cash, excluding capital releases”.

While the company has not provided a dollar figure on its FY21 dividend, a recent broker forecast for Transurban dividends can be found here.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price has lifted to more than just year-to-date highs. Last Wednesday, it reached an all-time high. Wesfarmers shares are currently fetching $57.19 after hitting an intraday high of $57.57. The current price brings the company’s year-to-date gains to 13.21%.

Wesfarmers has delivered strong financial and operational performance across its retail portfolio including Bunnings, Officeworks, Kmart and Target. The company’s strong results are underpinned by its investment to accelerate its data and digital capabilities.

Wesfarmers most recently paid a fully franked interim dividend of 88 cents per share on 31 March this year.

Like Transurban, the company has not provided a guidance range for full year dividends. However, a broker forecast update from Tuesday can be found here.

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Kerry Sun has no position in any of the stocks mentioned.聽 The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Transurban Group and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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