Over $17 billion in dividends is being paid to ASX shareholders today

A number of ASX giants are making it rain with dividends today.

Woman laying with $100 notes around her, symbolising dividends.

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

Today is a great day for Australian income investors.

That's because 28 September is payday for shareholders of some of the largest companies on the Australian share market.

Among the ASX 200 companies that will be paying dividends today are the following:

How much is being paid to investors in ASX dividends?

A staggering amount of money will be distributed to shareholders on Wednesday.

For example, ASX giants BHP and CBA will collectively be paying out over $10 billion in dividends to their shareholders today.

BHP will be paying a fully franked 80 US cents per share final dividend, which is the equivalent of US$4.1 billion (A$6.4 billion). Whereas Australia's largest bank declared a fully franked final dividend of $2.40 per share last month, which equates to a total payout of $4.023 billion

Fortescue may have slashed its fully franked dividends in FY 2023, but it is still paying out $1.00 per share today. This represents a total distribution of approximately $3.1 billion.

Elsewhere, ASX energy giant Woodside is paying a fully franked interim dividend of 80 US cents per share, which is the equivalent of US$1.52 billion (A$2.382 billion). Shareholders of rival energy producer Santos will receive an 8.7 US cents (13.6 Australian cents) per share interim dividend today. This means US$283 million (A$444 million) is being returned to its shareholders this morning.

Insurance giant IAG is paying a partially franked 9 cents per share final dividend, which equates to a total payout of $220 million.

Finally, over at Telstra, it will be rewarding its shareholders with a fully franked 8.5 cents per share final dividend. This represents a billion-dollar distribution from the telco giant.

Here's a quick summary of those payments:

  • BHP – $6.4 billion
  • CBA – $4.02 billion
  • Fortescue – $3.1 billion
  • IAG – $220 million
  • Santos – $444 million
  • Telstra – $1 billion
  • Woodside – $2.38 billion

That is a total of approximately $17.5 billion in ASX dividends heading to shareholders today. It might be time to buy some consumer stocks!

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 recommended Telstra Group. 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

Man holding different Australian dollar notes.
Dividend Investing

Buy Telstra and these ASX dividend stocks this week

Analysts think these stocks could be in the buy zone for income investors right now.

Read more »

Man holding a calculator with Australian dollar notes, symbolising dividends.
Dividend Investing

Buy these ASX dividend shares with 5% to 7% yields

Analysts are tipping these buy-rated stocks to provide big dividend yields.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

Is the 9.2% dividend yield on Fortescue shares too tempting to pass up?

Is a 9.2% dividend yield too good to be true? Here's what I think.

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.

Own the Vanguard Australian Shares Index ETF (VAS)? Here's how much you'll get paid today

Today's VAS paycheque might disappoint some investors.

Read more »

A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.
Dividend Investing

Brokers name 3 ASX dividend stocks with great yields to buy

Income investors may want to check out these income stocks.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

Why analysts rate these ASX dividend shares as buys

Let's see why they are bullish on these names.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Dividend Investing

Why brokers say these ASX income stocks are top buys

They have only good things to say about these income options right now.

Read more »

a bus driver looks out the window with a serious look on his face while sitting at the wheel of his vehicle.
Dividend Investing

1 ASX dividend stock down 50% to buy right now

Is this stock a good investment to go travelling with?

Read more »