The S&P/ASX 200 Index (ASX: XJO) is sliding 1.85% today, but three ASX 200 shares are soaring higher.
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH), Coles Group Ltd (ASX: COL), and Endeavour Group Ltd (ASX: EDV) shares are all lifting today.
Let's take a look at why these ASX 200 shares are performing so well.
Image source: Getty Images
Fisher & Paykel
The Fisher & Paykel share price is currently lifting 1.77%. In news today, Fisher & Paykel has entered a sale and purchase agreement to acquire land for a new campus in New Zealand.
Subject to approval from the Overseas Investment Office, the company will acquire a 105-hectare site in Karaka, Auckland. This will cost $275 million.
Commenting on the news, Fisher & Paykel CEO Lewis Gradon said:
Over time, this world-class campus will house a large number of employees in R&D, pilot manufacturing and related roles, providing a major boost to the local area.
Coles
The Coles share price is currently rising 1.31%. Woolworths Group Ltd (ASX: WOW) shares are also rising 0.46% today.
Some investors may be buying up Coles shares before it trades ex-dividend tomorrow. New shareholders will not be eligible for the final FY22 fully franked dividend of 30 cents per share after the ex-dividend date.
Coles is paying total dividends of 63 cents per share in FY22, 3.3% more than the previous financial year. The final FY22 dividend will be paid on 28 September. Coles reported a 2% lift in earnings before interest, tax, depreciation and amortisation (EBITDA) in FY22 to $3.4 billion, while sales revenue lifted 2% on the previous year to $39.4 billion.
Endeavour Group
It's also proving a good day for the Endeavour share price, which is climbing 2.68% to $7.47 at the time of writing. The ASX 200 Consumer Staples Index (ASX: XSJ) is also climbing 0.89% today.
Recently, Goldman Sachs rated the Endeavour share price as a buy with an $8.10 price target. Goldman said, "we continue to see that EDV has one of the most loyal consumer bases in retail".
Endeavour's net profit after tax (NPAT) lifted 11.2% on the previous year in FY22 to $495 million. Endeavour traded ex-dividend on Thursday. A final fully franked dividend of 7.7 cents is due to be paid on 16 September.
