Home / Investing Strategies / Dividend Investing / ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?

ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?

ASX 200 mining shares are leading the pack when it comes to dividends.

Posted by
Brooke Cooper
Brooke has been a Motley Fool contributor since early 2021. She holds a Bachelor of Communication with specialisations in journalism and international studies from Charles Sturt University. Brooke aims to inform and excite Aussies keen to grow their wealth by investing in ASX companies. When not writing or researching, you'll likely find Brooke gallivanting around South East Queensland.
Published
| 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

Key points
  • ASX investors received $97.9 billion in dividends over the 12 months ended 31 March – besting the market's previous 12 month record of $9.3 billion, according to research by Janus Henderson
  • The record-breaking payouts were led by ASX miners, with BHP retaining its crown as the world's biggest dividend payer
  • In fact, of the top 20 ASX dividend paying shares of the period, 19 call the ASX 20o home

A record-breaking $97.9 billion of dividends made their way to those invested in ASX shares over the 12 months ended 31 March.

That's 5.3% more than the market's previous ASX 12-month record, according to research by Janus Henderson Group (ASX: JHG).

Perhaps unsurprisingly, of the top 20 ASX dividend payers of the period, 19 are S&P/ASX 200 Index (ASX: XJO) constituents. Additionally, mining shares are overrepresented when it comes to ASX dividend payouts.

Here are the stocks proven to be Australia's biggest dividend payers.

A happy construction worker or miner holds a fistful of Australian dollar notes.

Image source: Getty Images

Here are the ASX's top dividend-paying shares

ASX shareholders, rejoice! Australia is one of the few nations to see dividend payments surpass pre-COVID-19 levels.

The global reopening and sky-high commodity prices boosted ASX dividends over the 12 months ended March. In fact, mining companies accounted for $1 in every $2 of dividends handed to investors over that period.

BHP Group Ltd (ASX: BHP) has come in as the biggest dividend payer – handing shareholders $10.8 billion of dividends in the first quarter of 2022 alone.

Fortescue Metals Group Limited (ASX: FMG) came in second despite dropping its interim dividend by 42% in February.

Luckily that drop was partially made up by a higher payout from Rio Tinto Limited (ASX: RIO).

Outside of the S&P/ASX 200 Materials Index (ASX: XMJ), the Commonwealth Bank of Australia (ASX: CBA) dividend led the pack. It was lifted by 17% in February.

CBA's big bank peers Westpac Banking Corp (ASX: WBC), National Bank of Australia Ltd (ASX: NAB), and Australia and New Zealand Banking Group Ltd (ASX: ANZ) followed. Others included:

New Zealand's Meridian Energy Ltd (ASX: MEZ) was the only non-ASX 200 share to make the list. It rounded out the top 20 dividend shares of the 12 months ended March.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET, Telstra Corporation Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Australian notes and coins symbolising dividends.
Communication Shares

Everything you need to know about the Telstra dividend

| Tristan Harrison

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

| Sebastian Bowen

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

| Tristan Harrison

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?

| Samantha Menzies

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?

| Aaron Bell

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

| Cameron England

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

| Tristan Harrison

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

Read more »

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

$10,000 invested in these dividend ETFs will bring how much passive income?

| Aaron Bell

These funds provide consistent income.

Read more »