Brickworks Limited (ASX: BKW) shares are an ASX staple. The company’s been listed in Australia for around 60 years and is housed in the S&P/ASX 200 Index (ASX: XJO). Brickworks shares are also a favourite among dividend investors.
But is it currently trading with an eye-catching dividend yield? Let’s take a look.
Do Brickworks shares offer a 3.5% dividend yield?
As of Thursday’s close, the Brickworks share price is $17.61. That’s almost 29% lower than it was at the start of 2022 and 26% lower than it was this time last year.
But despite the company’s falling share price, its dividends have remained strong over the last 12 months.
Brickworks paid investors a 40-cent final dividend for financial year 2021 in November.
It also handed shareholders a 22-cent interim dividend in April after the first half of this financial year saw its profits surge 269%.
So, as the company has paid out 62 cents of dividends over the last 12 months, it’s currently trading with a trailing dividend yield of 3.52%.
For those wondering, Brickworks no longer hosts a dividend reinvestment plan (DRP).
So, what else might pique investors’ interest in the company? Here’s a brief rundown of how it operates.
Brickworks’ revenue comes from its four segments: Building products Australia, building products North America, property, and investments.
The first two are easy to explain. They manufacture building materials for the Australian and North American markets.
Simultaneously, Brickworks’ property division looks to maximise the value of land previously used to craft building products. Sometimes, the land is rezoned and sold for residential property. Other times, it’s transferred to the company’s 50%-owned Joint Venture Industrial Property Trust.
Finally, the company’s investments segment houses Brickworks’ 39.4% interest in fellow ASX 200 dividend share Washington H Soul Pattinson and Co Ltd (ASX: SOL).