The 3 best performing ASX 200 dividend shares of 2022

These dividend shares smashed the market in 2022…

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:

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

Image source: Getty Images

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.

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