Is QBE considered an ASX dividend share?

Do QBE Insurance shares pay dividends? Good question!

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Key points

  • QBE Insurance is one of the oldest companies in Australia
  • Today is it a major constituent of the ASX 200 Index
  • QBE has been paying its investors dividends for more than two decades

Does the QBE Insurance Group Ltd (ASX: QBE) share price qualify as an ASX dividend share? Good question.

QBE is an ASX 200 financials share that has a long history as an Australian company. It was listed on the ASX back in 1973 but had existed in some form or another for almost 100 years prior to that.

At Friday’s close, QBE shares were trading at $12.47 each, down 0.16% for the day. That’s towards the upper end of the company’s 52-week range of $10 and $12.88 but still well below the pre-COVID highs of more than $15 that we saw back in early 2020.

But let’s talk dividends. So is QBE an ASX dividend share?

Is QBE Insurance an ASX dividend income share?

Well, the answer is a resounding yes.

QBE is an ASX share that has been paying its investors dividends for more than two decades. Saying that, its more recent dividends have been quite a bit lower than what QBE has historically forked out.

The company’s last dividend was its April final payout. This was a payment of 19 cents per share, partially franked at 10%, that investors received on 12 April.

Before that, investors received QBE’s interim dividend of 11 cents per share last September. The company skipped its final dividend payment last year but forked out a total of 31 cents per share in 2020.

But back in 2019, investors were seeing a total of 53 cents per share in dividends from QBE. In 2018, the company doled out a total of 26 cents per share, while 2017 resulted in a total of 55 cents.

So QBE Insurance is definitely an ASX dividend share, albeit one with a rather volatile payment history.

At the current QBE share price, this ASX 200 financials share has a trailing dividend yield of 2.40%, along with a market capitalisation of $18.47 billion.

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 Scott Phillips.

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