Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?

These ASX shares have upped their dividend game…

| More on:

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

With this earnings season all but wrapped up, it's probably a good time to survey the spoils and dig deeper into what the ASX's most-watched shares have given investors.

For a large chunk of the investing community, all eyes were undoubtedly on what kind of dividend payments will be arriving in the metaphorical mailbox in coming weeks.

Since we saw some dramatic dividend announcements indeed over the past month or so, let's check out the ASX dividend shares that have delivered the biggest payout increases this earnings season.

A business woman holding a wad of cash celebrates a dividends windfall

Image source: Getty Images

BHP Group Ltd (ASX: BHP)

BHP made headlines with its monster dividend announcement when it reported its earnings back on 15 February. 

Most investors expected another hefty interim dividend from BHP after the rebound in iron ore prices we have seen over the past few months. But it's probably fairly safe to say not too many investors were anticipating the largest interim dividend in BHP's history.

The miner announced a whopping payout of US$1.50 per share, fully franked. As my Fool colleague covered at the time, broker Goldman Sachs was expecting a dividend worth US$1.27, so this one was a very pleasant surprise for income investors. At today's pricing, BHP shares offer an eye-popping dividend yield of 10.62%

Rio Tinto Limited (ASX: RIO)

BHP's resources rival Rio also impressed with its own dividend announcement when this miner delivered its earnings report last week. Rio announced a record final dividend of US$4.17 a share that will be distributed to investors in April. On top of that, shareholders will also receive a special dividend worth 62 US cents per share at the same time.

That takes Rio's full-year dividends to US$10.40 per share, including last year's interim dividend of US$2.76 per share and the accompanying special payout of US$1.85. On the latest pricing, Rio shares now have a dividend yield of 9.26%.

Commonwealth Bank of Australia (ASX: CBA)

It might be remiss to mention ASX dividends without including at least one ASX bank share. CBA was one of the first ASX blue-chip shares to report this earnings season when it dropped its results on 9 February.

And income investors weren't disappointed. CBA announced an interim dividend of $1.75 per share. Fully franked of course. This payment will be sent out on 30 March. The $1.75 per share payment is a 17% increase from last year's interim payout of $1.50 per share.

However, this one was far from being a record high payment for Commbank. Its March 2020 interim dividend of $2 per share. However, CBA also complemented this dividend with the announcement of a $2 billion on-market share buyback program. At the current pricing, CBA shares have a dividend yield of 4%. 

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Dividend Investing

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

2 ASX dividend shares I'd buy today for passive income

These ASX dividend shares can deliver a strong passive income investors.

Read more »

Australian notes and coins symbolising dividends.
Communication Shares

Everything you need to know about the Telstra dividend

Owners of Telstra shares can look forward to another good dividend.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Bank Shares

Revealed: The ASX bank share with the highest dividend yield today

The highest-yielding bank right now might surprise you.

Read more »

An older gentleman leans over his partner's shoulder as she looks at a tablet device while seated at a table.
Dividend Investing

134,814 shares of this high-yield ASX dividend stock pays an income equal to the Age Pension

I’d say this ASX stock is more appealing than the Age Pension.

Read more »

A man in a sweatshirt holds two different phones to compare telco services.
Dividend Investing

How many Telstra shares do I need to buy to generate $10,000 in passive income?

Telstra pays two fully-franked dividends per year.

Read more »

A pink piggybank sits in a pile of autumn leaves.
Dividend Investing

How much passive income can I earn off the big four bank dividends in the next year?

Which bank stock is the best for passive income?

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

Check out the massive dividend this ASX financial company just announced

This company's shareholders are in the money.

Read more »

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins.
Dividend Investing

Why this ASX 200 share is a fantastic choice to build a second income

ASX shares can deliver great passive income. Here’s one of the best…

Read more »