Here are seven ASX shares that will be paying some turbocharged passive income to investors over the coming months.

7 ASX shares to pay mega dividend boosts

Globe International Ltd (ASX: GLB)

The street apparel designer and retailer revealed a net profit after tax (NPAT) of $11.5 million for FY24, up from $1.5 million in FY23. Globe declared a turbocharged fully franked final dividend of 13 cents per share, up 160%. Investors will receive their dividend on 20 September.

Flight Centre Travel Group Ltd (ASX: FLT) 

Pandemic 'revenge travel' has been good for this ASX airline share. In its FY24 results, Flight Centre revealed a more than doubling of profits and a significantly boosted final dividend for investors. Flight Centre's underlying profit before tax came in at $320 million, up 130%. The ASX travel share will pay a fully franked final dividend of 30 cents per share, up 67%, on 17 September.

Insurance Australia Group Ltd (ASX: IAG)

The insurance giant revealed a 7.9% increase in NPAT to $898 million in its FY24 results. This included a 79.1% increase in insurance profit to $1.44 billion. As a result, the ASX financial share will pay a much higher final dividend this year. IAG declared a final payment of 17 cents per share with 50% franking, which will be paid on 26 September. That's 89% higher than the final dividend of FY23, which was 9 cents per share with 30% franking.

QBE Insurance Group Ltd (ASX: QBE)

In its half-year results, QBE reported a huge profit increase and rewarded investors handsomely with a 71.4% boost to its interim dividend. QBE reported an NPAT of US$802 million, up 100%. The ASX insurer will pay a dividend of 24 AU cents per share with 20% franking on 20 September.

JB Hi-Fi Ltd (ASX: JBH) 

Although JB Hi-Fi reported a 16.4% decline in its FY24 NPAT to $438.8 million, the company declared a final dividend of $1.03 per share plus a special dividend of 80 cents per share. The combined fully franked payment represents a 63% increase on last year's final dividend payout. It will be paid today.

Northern Star Resources Ltd (ASX: NST)

In its FY24 results, Northern Star reported record cash earnings of $1.81 billion, up 48% from FY23. The ASX gold mining share will pay an unfranked final dividend of 25 cents per share, up 61%, on 26 September.

Bega Cheese Ltd (ASX: BGA)

In its FY24 report, Bega Cheese revealed a 15% improvement to its statutory earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $165.1 million and a 2% rise in statutory profit after tax to $29.2 million. The ASX consumer staples share will pay a final dividend of 4 cents per share, fully franked, on 3 October. This represents a 33.3% increase on last year.

The post Money, money! 7 ASX shares that turbocharged their dividend payouts this earning season appeared first on The Motley Fool Australia.

Today's jump follows the street apparel designer and retailer's announcement of its FY24 financial results. Meanwhile, the S&P/ASX 200 index (ASX: XJO) finished 0.21% in the green at 8,027 points.

Let's see what the ASX small-cap stock posted.

ASX small-cap stock finishes strong after solid full-year results

Key takeaways from the company's full-year results include:

• Revenues of $222.3 million, down by 5.1% from FY23.
• Earnings before interest and tax (EBIT) surged by $12.4 million to $17.1 million.
• Net profit after tax (NPAT) soared to $11.5 million, up from just $1.5 million in FY23.
• Globe declared a fully franked final dividend of 13 cents per share.
• This brings the total FY24 dividend to 22 cents per share, up from 7 cents per share in FY23.

What else happened in FY24?

Globe International had an interesting year in FY24. The ASX small-cap stock's core brands all returned to profitability, with notable growth in their international markets.

International sales contributed 32% of total EBIT, totalling $8.1 million during the year. This almost doubled operating cash flows to $23 million.

Globe's most profitable region during the year was Australasia, which benefited from strong demand for FXD workwear and streetwear apparel.

Meanwhile, its restructuring in Europe is now complete, where it delivered a "modest profit" there after posting a large loss in FY23.

Alongside the restructuring, management said the operating cost base was also "reset" by removing certain underperforming brands from the portfolio.

Given the profits earned last financial year, the board declared a final dividend of 13 cents per share, bringing the FY24 payout to 22 cents.

At more than three times the payout of FY23, this may be one reason investors piled into the ASX small-cap stock.

What did management say?

Commenting on the results, Globe International CEO Matt Hill was notably pleased:

Our multi-brand strategy continues to deliver profit and positive cashflow with the strategic initiatives implemented in FY23, which included restructuring, inventory optimisation and cost structuring, positively impacting the bottom line.

The Group's core brands – Globe, FXD, Impala Skate and Salty Crew – were all profitable, showcasing market leadership in their respective industries. Meanwhile, emerging brand 'It's Now Cool' successfully demonstrated strong potential for future growth.

While skate remains our heritage and culture, we continue to evolve our brand mix by creating iconic brands that operate in the board sports, streetwear, workwear and outdoor distribution segments around the world.

I am proud of the significant progress the Group made over FY24 that led to increased profitability and a return to significant dividend payout for our shareholders.

What's next for Globe?

Looking forward to FY25, Globe plans to focus on profitability by growing its market-leading brands and investing in emerging ones.

Sales are expected to be flat, but this hasn't dampened the operational outlook. CEO Hill says:

While it's premature to provide reliable sales outlooks, we expect FY25 sales to remain relatively flat, but profitability to increase through sustained brand leadership and the strategic initiatives of FY23 continuing to positively flow through…

… Looking to FY25, we will continue to focus on growing our market-leading brands, investing in core and emerging brands, and driving profitability to deliver value for our shareholders.

Share price snapshot

This ASX small-cap stock finished well into the green today after its FY24 results. Investors clearly see good things on the horizon.

Shares in the footwear and hardgoods company have increased more than 52% in the last 12 months.

The post This ASX small-cap stock rocketed 23% today on strong FY24 revenues appeared first on The Motley Fool Australia.

At market close, the apparel company's shares finished the day at $5.40, up 9.76%.

How is Globe International performing in FY21?

Investors were fighting to get a hold of Globe International shares in late afternoon trade after the company provided exciting results.

According to the release, Globe International advised that sales growth has been robust despite facing challenges with the supply of goods. This relates to the impact of COVID-19 on global logistics routes, particularly from China where most of its apparel is sourced.

The company stated that it has so far managed to overcome the significant delays reported on freight. As a result, this has led Globe International to achieve first-half sales well ahead of expectations. Furthermore, sales in the second-half are expected to double from the prior corresponding period.

In total, the company is forecasting full-year sales for FY21 to be more than $250 million. This is more than a 60% uplift of the $152.8 million that was recorded in last year's financial scorecard.

Pleasingly, Globe International is also projecting profitability to be greater than what was originally assumed during its February half-year results.

Earnings before interest and tax (EBIT) in terms of percentage return on net sales are predicted to be in the mid-teens. Again, this compares with EBIT returns of just 4.8% in FY20 and 16.8% in H1 FY21.

The company is scheduled to release its full-year results sometime in mid-August.

Globe International share price snapshot

Over the past 12 months, investors would be pleased with the company's share price performance, up 330%.

Based on today's price, Globe International has a market capitalisation of roughly $206 million, with around 41 million shares outstanding.

The post Globe International (ASX:GLB) share price jumps 9% on sales update appeared first on The Motley Fool Australia.

Although the vaccine distribution is yet to commence here in Australia, our success in dealing with localised outbreaks has meant that we have already been able to safely open up our economy and return to some degree of normal life.

We can see this in sectors such as the retail industry which bounced back over the Christmas period. The Australian Bureau of Statistics estimated that seasonally adjusted turnover increased by 9.4% year-on-year in December 2020.

This unexpected jump in retail activity has helped buoy the share prices of many local retailers. Here are four ASX retail shares that have seen their share prices soar to new highs recently.

Premier Investments Limited (ASX: PMV)

With a market cap approaching $3.7 billion, Premier Investments is the largest and most established retail company on this list. It owns the Just Group, which includes the Just Jeans, Peter Alexander, and Jay Jays brands. Premier Investments also has a 28% stake in household electrical appliances manufacturer Breville Group Limited (ASX:BRG).

In a trading update released to the market earlier this month, Premier Investments stated that it expected first half FY21 earnings before interest and tax expenses (EBIT) to be in the range of $221 million to $233 million, an increase of between 75% and 85% on first half FY20.

Its share price briefly jumped to a new all time high of $26.70 on the back of that update. While it has pulled back to $23.10 as at the time of writing, it is still up a touch over 25% in the last twelve months.

Globe International Limited (ASX: GLB)

Globe manufactures and distributes a range of street fashion, skating equipment, outdoor clothing, and workwear. Among its proprietary brands is skate and apparel brand Globe, as well as surfing apparel brand Salty Crew. It also owns the Australian distribution rights for well known American streetwear brand, Stüssy.

Globe International released a trading update on 18 January. It reported preliminary sales numbers of approximately $125 million for the first half of FY21, an uplift of 60% versus first half FY20. More importantly, EBIT was also expected to come in at more than $20 million – an increase of over 370%.

The Globe International share price skyrocketed on the news. In just this month alone it has surged almost 70% higher. Over the last twelve months it is up close to 190%.

Accent Group Limited (ASX: AX1)

Accent Group is the largest footwear retailer in Australia. It operates over 400 stores across Australia and New Zealand and has exclusive distribution rights for a number of well known international brands including Dr. Martens, Skechers, and Timberland.

Accent Group also released a trading update earlier this month in which it announced that stronger than expected sales in November and December had resulted in a jump in first half FY21 earnings before interest, tax, depreciation, and amortisation (EDITDA). It now expects EBITDA in the range of $95 million to $98 million, an increase of up to 45% versus first half FY20.

The Accent Group share price has surged over 40% higher in the last twelve months.

City Chic Collective Limited (ASX: CCX)

Last on the list is plus sized women's clothing retailer, City Chic. Despite store closures causing a dip in City Chic's sales across Australia and New Zealand in FY20, the company still managed to increase Group revenues due to its growing presence in the Northern Hemisphere.

It acquired the ecommerce assets of American brand the Avenue in October 2019, which boosted its market penetration in the US and also helped to double its online sales for the year. In December, City Chic also announced it had acquired the ecommerce and wholesale assets of UK-based women's plus size brand, Evans.

This willingness to expand into new markets has delivered big gains in the City Chic share price.

It recently set a new record high price of $4.24, and is up almost 50% over the last twelve months.

The post These ASX clothing retailers' share prices are storming to record highs appeared first on The Motley Fool Australia.

The news comes after a superb 6 months for the company, which has seen a number of announcements send its share price soaring 267%.

Market update

This afternoon, shares in the consumer discretionary company were rocketing off the back of a positive performance update for the first half of FY21.

Globe advised that preliminary sales for the half year were around $125 million, up approximately 60% compared to the prior corresponding half. Earnings before interest and tax (EBIT) is estimated to exceed $20 million. This compares to the $4.2 million achieved in the prior half, marking an increase of 376%.

The company plans to announce its half year results late in February. A more complete view of the results and a full year outlook will be provided then. Globe noted that the information in this trading update is unaudited and remains subject to finalisation.

What Globe does

Globe is a global producer and distributor of purpose-built apparel, footwear, and hardgoods for the board sport, street fashion and workwear markets. 

Founded in 1985 by three brothers, its business is divided between proprietary brands, licensed brands, and distributed brands. The main of which is 'Globe', a large skating brand.

The Australian based small cap currently boasts a market capitalisation of $138 million, and sells its products in 100 countries worldwide. In addition, Globe is paying a trailing dividend yield of 2.59%.

About the Globe share price

Today's 34.3% increase in the Globe share price marks a 52-week high for the company.

It comes after a positive 2020 for the company, which saw its shares gain 146% despite COVID-19 disruptions. In contrast, the All Ordinaries Index (ASX: XAO) dropped 3.6% during the same period.

The post Globe (ASX:GLB) share price rockets 34% as sales soar appeared first on The Motley Fool Australia.