3 ASX 200 dividend stocks that just hit new 52-week lows

It's been years since the trio were trading for these prices.

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Attention fans of S&P/ASX 200 Index (ASX: XJO) dividends: These three stocks have dived to long-forgotten lows.

Today's price is the lowest that investors have been able to snap up the stocks in more than 12 months.

So, what's weighing on the passive income-providing ASX 200 stocks? Let's take a look.

3 ASX 200 dividend stocks plunging to 52-week lows on Tuesday


First up is shares in the market operator itself. ASX stock is tumbling today, falling 12.5% to a low of $59.06 – the lowest it's been since 2018.

Driving the slump is news the company will drop its dividend payout ratio from next financial year, lowering it from 90% of underlying net profit after tax (NPAT) to between 80% and 90%.

That's just part of a five-year strategy outlined to the market this morning. Meanwhile, it upped its cost expectations for this fiscal year and next – the former on the back of CHESS-related costs, as my Fool colleague Bernd reports.

Endeavour Group Ltd (ASX: EDV)

Joining the ASX share price in posting a new 52-week low is stock in ASX 200 dividend-paying drink retailer and hotel operator Endeavour. It slumped 2.1% to $6.07 earlier today – a near-two-year low.

The stock might be being impacted by anticipation of the Reserve Bank of Australia's (RBA's) next rate decision, to be handed down later this afternoon.

Meanwhile, its home sector ­ – the S&P/ASX 200 Consumer Staples Index (ASX: XJO) – is down 1.1% right now.

Harvey Norman Holdings Limited (ASX: HVN)

Finally, an ASX 200 stock with a notable dividend yield of 9.1% at the time of writing – Harvey Norman ­– also hit a new 52-week low today.

The retailer saw its share price fall to its lowest since 2020 to trade at $3.31 earlier today.

The RBA's upcoming announcement could also be weighing on its stock and those of its S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) peers. The sector has slipped 1.3% at the time of writing.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. 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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