Here are the best performing ASX dividend shares so far this year

Dividend-paying companies that have dialled up the gains this year…

| More on:
A woman looks excited as she fans out a wad of Aussie $100 notes.

Image source: Getty Images

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

If you are looking for ASX dividend shares that offer both capital appreciation and steady dividends, then this recap is a good place to start.

There is something magical about ASX shares that provide both dividends and capital appreciation. One without the other can still deliver great returns, but the power of compounding is in full force when the two are put together.

However, it can be hit and miss when scouting out companies that can consistently deliver on both avenues of wealth creation. Today, we are taking a look at the best performing ASX dividends shares in terms of share price performance so far this year.

High-yielding dividend shares delivering this year

New Hope Corporation Limited (ASX: NHC)

Making an appearance in the top three best performing ASX dividend shares so far this year is Australian coal producer, New Hope. The company easily beats out its next closest competition, Woodside Energy Group Ltd (ASX: WDS), by 28% — rising by 78% so far in 2022.

The stellar performance of this $3.3 billion coal mining company has coincided with a sizeable 147% lift in the fossil fuel commodity price. As a result, the trailing 12 months ending 31 January 2022 witnessed record revenues of $1.67 billion.

Currently, the company trades on a dividend yield of 6.2%, above the industry average of 4.6%.

Yancoal Australia Ltd (ASX: YAL)

Unfortunately for the ESG investors out there, the second-best performing ASX dividend share so far this year is another coal producer. Sporting a market capitalisation more than twice that of New Hope's, Yancoal has captured the support of investors looking to cash in on the global energy crisis.

The Yancoal share price has skyrocketed 109% since the start of the year. For context, the S&P/ASX 200 Index (ASX: XJO) is 5% weaker than where it was before 2022.

A bounce back in profits has enabled juicier dividends from Yancoal over the past year. At present, the company is displaying a dividend yield of 9.2%.

Grange Resources Limited (ASX: GRR)

Finally, the ultimate best performing ASX dividend share of 2022 so far is none other than Grange Resources. While it may be relatively small compared to its iron ore producing peers, such as BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO), it hasn't skimped out on returns.

The Grange Resources share price is up an astonishing 121% since the year began. Notably, the price of iron ore has had a less impressive run than coal, gaining 24% in the first five months of the year. Yet, that hasn't stifled the excitement for this ASX dividend share.

Currently, Grange Resouces trades on a dividend yield of 7.1%.

Motley Fool contributor Mitchell Lawler 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.

More on Dividend Investing

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Dividend Investing

2 market-leading ASX dividend stocks to buy in April

Analysts have put buy ratings on these market-leaders.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »

Man holding Australian dollar notes, symbolising dividends.
ETFs

Want the latest dividend from the Vanguard Australia Shares ETF (VAS)? Here's what you have to do

If you want to bag the latest VAS dividend, here's what you need to do.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

Investing for passive income? Keep any eye out for that boosted Telstra dividend today!

If you own Telstra shares, keep an eye out for that juicy dividend payout today.

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Dividend Investing

Invest $12,000 in Woodside stock and get $5,700 in passive income

Reliable dividend shares are everywhere on the ASX. Here's how you could use that to your advantage.

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

3 ASX 300 dividend shares to buy in April

These shares have been named as buys by brokers and tipped to offer very attractive yields.

Read more »

A couple of friends at a rooftop party enjoying some hot and tasty Domino's pizza
Dividend Investing

Own Domino's shares? Today is pay day!

Eligible Domino’s shareholders can expect some welcome passive income today.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Opinions

3 top income-focused ASX shares to buy before April

I'd bolster my income by buying these dividend-payers before the next month rolls around.

Read more »