The CSR Ltd (ASX: CSR) share price is edging higher as the company pays out its latest dividend today.
The building products company’s shares are currently up 1.23% trading at $4.11 apiece.
In comparison, the S&P/ASX 200 Index (ASX: XJO) is also hovering in positive territory during Friday morning trade. The benchmark index is up 0.65% to 6,610.8 points.
Let’s take a closer look at the ASX dividend share‘s payment today.
CSR pays out its biggest ever final dividend
On 11 May, CSR reported a robust performance in its full-year results for the year ending 31 March (YEM22).
Management said that elevated market activity across the residential housing sector had led to business growth.
The company reported trading revenue rose 9% to $2.3 billion compared to the prior corresponding period. On the bottom line, net profit after tax (NPAT) surged by 20% to $193 million.
With both metrics representing an increase, the board declared a final dividend of 18 cents per share.
This reflects an improvement of 24% on CSR’s previous final dividend of 14.5 cents apiece and is the biggest ever paid by the company. Note, the payment amount does not include the special dividend of 9.5 cents per share that was added to the YEM21 dividend.
When calculating against the current share price, CSR has a dividend yield of 7.65%.
CSR share price summary
The CSR share price has lost around 30% in 2022 after shares took a steep tumble in May and have been heading south ever since.
Shares in the company are down almost 27% over the past 12 months.