Finding ASX 200 dividend shares that consistently raise their payouts is a hard task.
High dividends can be hard to maintain over the business cycle, especially for companies that have cyclical earnings. This year has been a tough one for many ASX shares as well, with high inflation, rising interest rates, and a fall in household savings.
But some ASX dividend shares have managed to boost their payments over this difficult year. Some have even jacked them up by 10% or greater, which has well and truly kept them ahead of inflation.
So here are three such shares to check out today.
3 ASX dividend shares that have raised payouts by 10%
BHP Group Ltd (ASX: BHP)
ASX 200 mining giant BHP has made a name for itself as a monstrous dividend payer in recent years, thanks in large part to sky-high commodity prices. That record continued in 2022, with BHP paying out its highest dividends in history in Australian dollar terms this year.
Investors enjoyed an interim dividend of $2.08 per share back in March, and a final dividend of $2.55 per share in September. Both were fully franked.
That's a total of $4.63 in dividends per share for 2022, which is a pleasing 15.02% increase over the $4.03 in dividends per share that investors received in 2021.
Washington H Soul Pattinson and Co Ltd (ASX: SOL)
Next up is the investing conglomerate Soul Patts. Soul Patts already has a formidable dividend record on the ASX, being the only ASX share on the market that has given its investors an annual dividend hike every single year since 2000. But this streak continued with aplomb in 2022.
This year, Soul Patts forked out an interim dividend worth 29 cents per share in May, and a final dividend of 43 cents per share this month. Again, both were fully franked. That's a total of 72 cents per share.
That is a good 16.13% above the 62 cents per share investors got in 2021. And that's not even including the special dividend of 15 cents per share that accompanied the final dividend this month.
National Australia Bank Ltd (ASX: NAB)
Finally, we have a familiar name in NAB. NAB, as an ASX 200 big four bank share, possesses a strong reputation as a formidable dividend payer.
Well, 2022 did nothing to dent that. NAB doled out an interim dividend of 73 cents per share, fully franked, in July. And it has just paid its final and fully franked dividend for 2022 yesterday – a fully-franked payment worth 78 cents per share.
That's a total of $1.51 in dividend income per share for 2022, a nice 18.9% rise over the $1.27 in dividends per share investors received last year.
