One of the best aspects of the earnings season that we are currently halfway through on the ASX is getting a look at what kinds of dividends are collectively coming our way over the next few months.
We've seen a whole range of dividend announcements from ASX shares over the past couple of weeks, with dividend holds, rises and cuts all announced.
But today, let's focus on the positives as we discuss three ASX shares that announced dividend pay rises for their shareholders this week.
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3 ASX shares that announced dividend pay rises this week
Carsales.com Ltd (ASX: CAR)
Online classifieds share Carsales is first up. Investors got a look at this company's books on Monday. Carsales reported pleasing metrics across the board, with revenues up 18% to $798.1 million and adjusted net profit after tax (NPAT) rising by 43% to $278.2 million.
Carsales also announced a final dividend of 32.5 cents per share, partially franked at 50%. That's the largest dividend Carsales has ever announced, easily beating out last year's 24.5 cents per share final dividend.
At Friday's closing pricing, Carsales shares offer a trailing dividend yield of 2.19%.
Transurban Group (ASX: TCL)
Wednesday was earnings day for ASX 200 share and toll road operator Transurban. Investors weren't too impressed with what the company had to say. That was despite Transurban reporting a 26% rise in revenues to $3.3 billion, as well as an earnings before interest, taxes, depreciation and amortisation (EBITDA) record of $2.5 billion.
Transurban has earlier revealed that its final dividend for 2023 would come in at 31.5 cents per share, partially franked at 3%.
That will be paid out next week and represents a huge increase over last year's equivalent payment of 26 cents per share. In fact, this is also a record-high dividend for Transurban, which has no doubt delighted income investors. Transurban shares last traded with a dividend yield of 4.4%.
Super Retail Group Ltd (ASX: SUL)
We only heard from Super Cheap Auto and BCF-owner Super Retail Group on Thursday. But this was another ASX 200 share that would have delighted dividend investors.
Super Retail Group announced that its revenues for the 2023 financial year rose by 9% to $3.8 billion. NPAT was up an even healthier 11% to $263 million.
This enabled the company to declare a final dividend of 44 cents per share for the year, fully franked. That's up from the 43 cents per share investors received last year. But in addition to that, the company also revealed a special dividend payment. This will be worth another 25 cents per share, fully franked.
So a dividend motza from Super Retail Grop this earnings season. This company closed Friday's session with a trailing dividend yield of 6.03%.
