Guess which ASX All Ords stock has rocketed 37% in a year AND pays an 11% dividend yield!

Investors who snapped up this ASX All Ords stock a year ago will be sitting pretty today.

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The All Ordinaries Index (ASX: XAO) is up 10.31% since this time last year, with one ASX All Ords stock doing plenty of the heavy lifting.

12 months ago, you could have picked up shares in this company for $4.62 apiece. At market close yesterday, those same shares were trading for $6.31, up a whopping 36.58% in a year.

But let's not forget those dividends.

Over the course of the year the ASX All Ords stock pleased passive income investors by dolling out 69.5 cents a share in fully franked dividends.

Adding that to yesterday's closing price, the accumulated value of the company's shares is up 51.6% in 12 months, with some potential tax benefits from those franking credits.

Any guesses?

If you said Yancoal Australia Ltd (ASX: YAL), go to the head of the virtual class.

Here's what's been going right for investors in the ASX All Ords coal stock.

How has this ASX All Ords stock been smashing the benchmark?

Yancoal shares first popped onto most investors' radars in 2022.

That came as thermal coal prices surged to all-time highs following Russia's invasion of Ukraine. And it saw the ASX All Ords stock surge 133.1% in 2022.

Since then, coal prices have returned to earth. But that hasn't stopped Yancoal from booking impressive profits and building up a serious cash pile.

Despite focusing on its mine recovery plans in 2023, Yancoal increased its output each quarter. And Q4 2023 marked the highest rate of production for the miner in three years.

Over the full year the ASX All Ords stock reported $7.8 billion in revenue and $3.5 billion of operating earnings before interest, taxes, depreciation and amortisation (EBITDA).

That saw the company book an enviable $1.8 billion after-tax profit, which helps explain the market-beating 11.01% dividend yield.

As for 2024, the first quarter of the year saw Yancoal boost its cash holdings by $260 million. That saw the ASX coal miner holding $1.66 billion in cash as at 31 March.

Since that time Yancoal will have dipped into its cash holdings to pay out the $429 million final dividend. Eligible shareholders will have seen their portion of that passive income hit their bank accounts on 30 April.

And the second half of the year is looking promising for the ASX All Ords stock.

Commenting on that outlook back in April, Yancoal CEO David Moult said, "Yancoal continues to generate robust cash inflows. The AU$180 per tonne price realised [in Q1] was roughly double the cash operating cost we are targeting this year."

Motley Fool contributor Bernd Struben 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 no position in any of the stocks mentioned. 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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