The 3 best performing ASX 200 dividend shares of 2022

These dividend shares smashed the market in 2022…

A woman looks excited as she holds Australian dollars in the air.

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

It was a difficult 12 months for the S&P/ASX 200 Index (ASX: XJO) in 2022. Over the period, the benchmark index lost 5.5% of its value.

The good news is that not all ASX 200 shares dropped with the market, with some even managing to beat the market convincingly.

A number of popular ASX 200 dividend shares (with yields greater than 3%) performed strongly during the year. Listed below are some of the best performers during the period:

Whitehaven Coal Ltd (ASX: WHC)

Thanks to booming coal prices, Whitehaven Coal was the best performing ASX 200 dividend share in 2022 with a gain of 261%. During the year, the coal miner also rewarded its shareholders with dividends totalling 48 cents per share. Based on the current Whitehaven Coal share price, this equates to a partially franked 5.8% dividend yield.

For the same reason, New Hope Corporation Limited (ASX: NHC) smashed the market with a 185% gain. It also paid fully franked dividends totalling 86 cents per share, which was the equivalent of a 13.5% dividend yield.

Woodside Energy Group Ltd (ASX: WDS)

Another ASX 200 dividend share that delivered stellar returns for investors was Woodside. Thanks to strong oil prices and the merger with the petroleum assets of BHP Group Ltd (ASX: BHP), Woodside shares rose 62% higher during 2022. The energy giant also paid fully franked dividends totalling $3.06 per share during the 12 months. This represents a 9.1% dividend yield at current prices.

Origin Energy Ltd (ASX: ORG)

Finally, this energy company was a strong performing ASX 200 dividend share in 2022. Thanks to an $18 billion takeover approach from Brookfield Asset Management and MidOcean Energy, Origin shares rose a massive 47% during the period. The company also rewarded its shareholders with total dividends of 29 cents per share in FY 2022. Based on the current Origin share price, this represents a 3.8% dividend yield.

Motley Fool contributor James Mickleboro 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 man smiles as he holds bank notes in front of a laptop.
Dividend Investing

3 of the best ASX dividend stocks to buy now

Let's see which dividend stocks analysts are tipping as buys.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

3 great ASX dividend shares to buy in 2026

These are the types of dividend investments that Australians should look at.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

2 ASX income stocks with 6% dividend yields I would buy

High yields only matter if the income can be maintained. These two ASX stocks offer visible cash flows and dependable…

Read more »

A man wearing a suit and holding a colourful umbrella over his head purses his lips as though he has just found out some interesting news.
Financial Shares

Looking at the IAG share price? Here's how much this stock pays in dividends

Despite a rough year, 2025 saw IAG hike its dividends substantially.

Read more »

A red heart-shaped balloon float up above the plain white ones, indicating the best shares
Dividend Investing

Why this could be the best ASX dividend stock to buy today

There are few ideas that match this option for dividend investors.

Read more »

a pot of gold at the end of a rainbow
Dividend Investing

2 ASX shares I'm planning to own until I'm 100

These businesses have ultra-long-term prospects.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

5 excellent ASX dividend stocks I would buy in 2026

These dividend stocks could be worth considering. Let's see why.

Read more »

Beautiful young couple enjoying in shopping, symbolising passive income.
Dividend Investing

2 ASX income stocks I would buy with $2,500 in January

Looking to invest $2,500 for income? These two ASX shares offer reliable dividends backed by essential assets and long-term relevance.

Read more »