ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?

There are dozens of shares that will pay dividends this week. Are yours on the list?

Sebastian Bowen

Author Bio Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Areas of Expertise Dividend investing ETFs Education Bachelor of Political, Economic, and Social Sciences (Government and International Relations), University of Sydney Social Media X/Twitter Favorite Investment Quote "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." – Benjamin Graham

Published March 30, 2023 4:23 pm AEDT

It's a big week on the ASX share market this week for dividend investors. Huge.

Here on the Australian share market, the vast majority of ASX 200 shares pay out their dividends only every six months. That stands in stark contrast to other major economies like the United States and Britain. In these countries, quarterly dividends are the norm.

This bi-annual schedule means that when that dividend does come, it makes it all the sweeter.

And this week will be especially sweet for many ASX dividend investors. That's because there are multiple ASX 200 blue-chip shares that are imminently set to pay out their latest dividend payments.

Let's begin with today. This Thursday has seen the likes of Commonwealth Bank of Australia (ASX: CBA), Newcrest Mining Ltd (ASX: NCM), and Mineral Resources Ltd (ASX: MIN) fork out. Not to mention BHP Group Ltd (ASX: BHP), Ampol Ltd (ASX: ALD), Ramsay Health Care Limited (ASX: RHC), and Coles Group Ltd (ASX: COL) as well.

A woman looks excited as she holds Australian dollars in the air. — Image source: Getty Images

ASX 200 dividend shares shower investors with cash

Tomorrow, it's just as busy. There's Bendigo and Adelaide Bank Ltd (ASX: BEN) and Perpetual Ltd (ASX: PPT). They're joined by Suncorp Group Ltd (ASX: SUN), Beach Energy Ltd (ASX: BPT), and Telstra Group Ltd (ASX: TLS), up for their own payments.

So it's a big week on the ASX for income investors. In fact, as reported in The Australian today, Shaw & Partners senior investment adviser, James Nicolaou, estimates that a total of $19 billion in dividends will be paid out by the end of this week. That's out of a total of $36.27 billion for this earnings season.

Of particular note are the dividends that investors can expect from Coles and Telstra. In Telstra's case, the upcoming fully franked interim dividend of 8.5 cents per share is the highest interim dividend investors have received in five years.

When it comes to Coles, investors will receive (or already have) a record dividend payment from the ASX 200 grocer. The interim dividend of 36 cents per share, fully franked, is the largest dividend Coles has ever paid and represents a happy 9% increase over last year's corresponding payment.

So I hope most readers are getting a big paycheque in the proverbial letterbox this week. It's certainly a good week to be invested in the Australian share market.

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