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

Woman holding $50 notes and smiling.
Dividend Investing

3 ASX dividend stocks to solve your income needs

These dividend shares have been given the thumbs out by analysts.

Read more »

A couple calculate their budget and finances at home using laptop and calculator.
Dividend Investing

Passive income: How much should you invest to earn $5,000 in annual ASX dividends

When it comes to passive income, I prefer ASX 200 shares with a reliable track record of making regular, fully…

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Which major ASX energy share will pay the best dividend yield in FY24?

And are ASX energy shares usurping mining and banking stocks when it comes to dividends?

Read more »

A florist gets some good news on his laptop and tablet, a big smile on his face as he is surrounded by flowers.

ASX gold investors, get ready for Newmont's first dividend

ASX newcomer Newmont is about to fork out its first dividend.

Read more »

Hand with Australian dollar notes symbolising ex-dividend date.
Dividend Investing

Here are 3 ASX dividend shares to buy for big yields

Here's what sort of yields analysts are forecasting from these shares.

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Dividend Investing

This 10% ASX dividend stock is my pick for superior income in 2024

This share could pay huge income next year.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Start making passive income immediately with this ASX 200 dividend stock

Dividends are rapidly growing from this stock.

Read more »

Three satisfied miners with their arms crossed looking at the camera proudly
Dividend Investing

3 top ASX 200 mining shares for bank-busting dividend income in 2024

All three ASX 200 mining shares pay fully franked dividends.

Read more »