Passive income watch: The ASX stocks dishing out the biggest dividend boosts this earnings season

Income investors are delighted with these 9 ASX shares and their boosted dividends this earnings season.

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Income investors love their passive income, so with reporting season almost done, we canvas the boards to identify the ASX stocks that delivered some of the biggest dividend boosts of the season.

All of these companies below delivered a more than 30% increase in dividends this earnings season.

9 ASX stocks delivering turbocharged passive income

AGL Energy Limited (ASX: AGL) wowed passive income investors with a 225% increase in its interim dividend for FY24. This followed a 358% profit surge over the first half. The ASX utilities stock will deliver 26 cents per share in unfranked passive income for investors.

Corporate Travel Management Ltd (ASX: CTD) reported a 162% profit bump in 1H FY24. The ASX travel stock is set to pay an interim dividend of 17 cents per share, up 183%.

Inghams Group Ltd (ASX: ING) rewarded shareholders with a 167% dividend increase after reporting a doubling in profit. Inghams will pay a fully franked interim dividend of 12 cents per share, delivering a passive income boost of 167%.

Origin Energy Ltd (ASX: ORG) reported an almost 1,600% skyrocketing in profits in 1H FY24. Origin stock will pay ASX investors a fully franked interim dividend of 27.5 cents per share. That's up 66% on 1H FY23.

QBE Insurance Group Ltd (ASX: QBE) reported doubled profits in FY23. The insurer will pay a final dividend of 48 cents per share, up 60% on FY22.

Australian Ethical Investment Ltd (ASX: AEF) reported a 71% profit improvement. It will pay an interim dividend of 3 cents per share. That's a 50% boost in passive income for its shareholders.

Insurance Australia Group Ltd (ASX: IAG) will once again pay a turbocharged dividend. Despite reporting a 13% profit decline, the insurer boosted its interim dividend by 67% to 10 cents per share.

Fortescue Ltd (ASX: FMG) is known for delivering generous passive income, and the ASX iron ore pure-play did not disappoint this earnings season. The company reported a 41% profit improvement and boosted its interim dividend by 44% to $1.08 per share, fully franked.

Computershare Ltd (ASX: CPU) gave investors a 33% passive income boost this earnings season. The administration services company announced a record margin income for 1H FY24. It rewarded shareholders with an interim dividend of 40 cents per share with 20% franking.

Motley Fool contributor Bronwyn Allen 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 Australian Ethical Investment and Corporate Travel Management. The Motley Fool Australia has recommended Australian Ethical Investment and Corporate Travel Management. 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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