3 ASX shares boasting boosted dividends this week

Do you own any of these shares that just gave investors a pay rise?

| More on:
Three women cruise along enjoying ice-creams in the sunshine.

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

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.

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%.

Motley Fool contributor Sebastian Bowen 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 Super Retail Group and Transurban Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool Australia has recommended Carsales.com. 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 young man wearing a backpack in a city street crosses his fingers and hopes for the best.
Dividend Investing

These 2 ASX shares are predicted to pay dividend yields higher than 8%!

Here are two stocks paying excellent cash flow.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Analysts say these ASX 200 dividend shares are top buys

These shares have been labelled as buys buy analysts.

Read more »

Young businesswoman sitting in kitchen and working on laptop.
Dividend Investing

Buy Rio Tinto and these ASX dividend stocks

Analysts think the mining giant and these shares could be top options for income investors.

Read more »

A female coal miner wearing a white hardhat and orange high-vis vest holds a lump of coal and smiles as the Whitehaven Coal share price rises today
Dividend Investing

Invest $10,000 in New Hope shares and get $1,006 in passive income

Many ASX investors buy New Hope shares for their high yielding, fully franked dividends.

Read more »

A man in a suit looks serious while discussing business dealings with a couple as they sit around a computer at a desk in a bank home lending scenario.
Dividend Investing

Forget term deposits and buy these ASX 200 dividend shares

Analysts have good things to say about these dividend options.

Read more »

An Australian farmer wearing a beaten-up akubra hat and work shirt leans on a fence with livestock in the background and a blue sky above.
REITs

Should you buy this ASX REIT for its 6% dividend yield?

This expert is telling investors to take advantage of a 6% yield...

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Dividend Investing

Here's the BHP dividend forecast through to 2028

Will the Big Australian continue to reward shareholders with big dividends?

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Analysts say these ASX 200 dividend stocks are best buys in April

What are analysts saying about these high quality companies?

Read more »