In morning trade, the ASX 300 fund manager's shares were up 4.5% to $38.02.

This was driven by a solid rise in the company's NYSE shares overnight following the release of its third-quarter update.

Its shares have now eased back a touch and is up 1.5% to $36.91.

What happened during the quarter?

For the three months ended 30 September, Janus Henderson reported a 4% quarter on quarter decline in assets under management (AUM) to US$308.3 billion

On the bottom line, third quarter diluted earnings per share was of US$0.56 or US$0.64 on an adjusted basis. The latter was US$0.11 ahead of consensus estimates.

This allowed the ASX 300 share's board to declare a quarterly dividend of US$0.39 per share and approve a new share buyback of up to US$150 million.

Say goodbye to this ASX 300 share

Taking some of the shine of the result for local investors was news that the ASX 300 share plans to delist from the Australian share market. It explained:

Janus Henderson is seeking to delist from the ASX due to the ongoing decline in CDI ownership, low volumes traded and limited index inclusion of CDIs traded on the ASX compared to that of the Company's listing on New York Stock Exchange (NYSE). The CDIs held on the Australian register have declined to approximately 5.5% of the Company's total issued share capital as of September 2023.

The board of directors of the Company believe that the benefits to the Company's securityholders of maintaining the ASX listing no longer outweigh the financial, administrative and compliance obligations and costs associated with maintaining the ASX listing and that maintaining the ASX listing is no longer in the best interests of the Company or the Company's securityholders as a whole.

Shareholders have a couple of options before the planned suspension date of 4 December. They are selling their CDIs on the ASX or converting them into NYSE-listed shares.

The post Why is this ASX 300 share delisting from the Australian share market? appeared first on The Motley Fool Australia.

Let's take a look.

The ASX All Ords shares going ex-dividend this week

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price opened on Tuesday at $114.10, up 0.14% on yesterday's close.

The ASX All Ords mining giant's ex-dividend date is 10 August (this Thursday).

Rio Tinto will pay a fully franked interim dividend of US$1.77 (A$2.62) per share for 1H FY23 on 21 September.

In its half-year results, Rio Tinto reported a 10% drop in revenue to US$26.67 billion and a 25% fall in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to US$11.73 billion.

Janus Henderson Group CDI (ASX: JHG)

The Janus Henderson share price opened at $41.70 this morning, up 0.4% on yesterday's close.

The investment management services company's ex-dividend date is 11 August (this Friday).

The ASX All Ords share will pay 39 US cents (59 AU cents) per share unfranked for Q2 FY23 on 30 August.

In its quarterly update, Janus Henderson reported operating income of US$117.9 million, down 18% on Q2 FY22.

SSR Mining Inc CDI (ASX: SSR)

SSR Mining shares opened on Tuesday at $22, down 0.23% on yesterday's close.

The ASX All Ords gold miner has an ex-dividend date of 11 August (this Friday).

SSR Mining will pay 7 US cents (11 AU cents) unfranked for Q2 FY23 on 12 September.

In its Q2 FY23 update, SSR Mining reported net income of $74.9 million, up 28% on Q2 FY22.

What does the ex-dividend date mean?

This is the first day an ASX All Ords share trades without its upcoming dividend payment attached.

If you sell a share on or after the ex-dividend date, you will still receive the dividend and franking credits.

Between the declaration date and the ex-dividend date, an ASX All Ords share is said to be trading 'cum dividend' (CD).

On the ex-dividend date, the share converts to trading ex-dividend (XD).

The post 3 ASX All Ords shares with ex-dividend dates this week appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is down a further 15% to 23 cents. Investors have been selling off this copper miner's shares this week following a very disappointing update. Aeris revealed that it is putting its Jaguar operation on care and maintenance due to forecast operating losses in FY 2024. The company has also taken out a $50 million working capital facility from major shareholder Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) with very high interest rates.

Janus Henderson Group (ASX: JHG)

The Janus Henderson share price is down 4% to $42. This follows the release of the fund manager's quarterly update. Janus Henderson reported second-quarter operating income of US$117.9 million. This is down from US$143.9 million in the second quarter of FY 2022.

Lindian Resources Ltd (ASX: LIN)

The Lindian share price is down 13% to 36.5 cents. Investors have been selling this rare earths explorer's shares despite it releasing an impressive mineral resource estimate (MRE). Management notes that its MRE places its Kangankunde operation as one the world's largest rare earths deposits and positions it as a globally strategic resource for secure, long-term supply. This weakness could be a case of buy the rumour, sell the news.

Solvar Ltd (ASX: SVR)

The Solvar share price is down 33% to $1.16. This follows the release of a trading update from the automotive lending company. Solvar revealed that it expects to report a 7.8% decline in net profit after tax to $47.6 million for FY 2023. However, things will be much worse in FY 2024, with management guiding to a potential 50% decline in profits. It advised that "FY24 NPAT will be impacted by the full year cost of central banks rate rise cycle."

The post Why Aeris, Janus Henderson, Lindian, and Solvar shares are sinking today appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set for a much better session on Tuesday following a positive start to the week in the US. According to the latest SPI futures, the ASX 200 is poised to open the day 46 points or 0.65% higher. On Wall Street, the Dow Jones was up 0.6%, the S&P 500 rose 0.25%, and the NASDAQ climbed 0.2%.

Oil prices fall

ASX 200 energy shares such as Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a subdued session after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 0.9% to US$73.20 a barrel and the Brent crude oil price is down 0.75% to US$77.87 a barrel. Interest rate hike fears weighed on oil prices.

Janus Henderson rated as a hold

The Janus Henderson Group PLC (ASX: JHG) share price is about fair value now according to Bell Potter. This morning, the broker has retained its hold rating with an improved price target of $42.64. This compares to the latest Janus Henderson share price of $39.74. While the broker is expecting a much-improved performance from the company this year, it doesn't see enough value on offer to rate it as a buy.

Gold price edges lower

ASX 200 gold shares including Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.1% to US$1,930.4 an ounce. Traders appear nervous ahead of the release of US inflation data.

InvoCare takeover

The InvoCare Limited (ASX: IVC) share price will be on watch on Tuesday. That's because TPG Capital's due diligence period has now expired and no agreement has been announced. The private equity company has been looking to acquire the funerals company for $13.00 per share. The ASX 200 share closed yesterday's session at $12.39.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

Will the market be able to build on this on Monday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise slightly on Monday despite a poor finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 12 points or 0.15% higher this morning. On Wall Street, the Dow Jones was down 0.4%, the S&P 500 fell 1%, and the NASDAQ dropped 1.6%.

Oil prices sink

It could be a tough start to the week for ASX 200 energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices sank on Friday. According to Bloomberg, the WTI crude oil price was down 3.3% to US$73.39 a barrel and the Brent crude oil price fell 2.7% to US$79.96 a barrel. Oil prices fell on recession concerns.

Newcrest a takeover target?

The Newcrest Mining Limited (ASX: NCM) share price will be one to watch today amid speculation that the gold miner could be a takeover target. According to the AFR, Newcrest is rumoured to have received an early stage offer from a North American giant. Barrick Gold and Newmont are thought to be the likely suitors.

Janus Henderson downgraded

The Janus Henderson Group (ASX: JHG) share price surged higher on Friday following the release of the fund manager's quarterly update. The team at Bell Potter now believe that its shares are close to being fully valued and have downgraded them to a hold rating with a $43.81 price target. It said: "The 12% rise in the share price since the results announcement means the expected return on the shares comes down to 10.3%, which under our ratings structure means the recommendation moves to HOLD (from buy)."

Gold price tumbles

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a difficult start to the week after the gold price dropped on Friday. According to CNBC, the spot gold price fell 2.8% to $1,876.6 per ounce. A robust US jobs report sparked fears that the Federal Reserve might have to remain aggressive with its rate hikes.

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:

Appen Ltd (ASX: APX)

The Appen share price is up 4% to $2.66. This may have been driven by optimism over the quarterly update from Meta Platforms. Given that the Facebook owner is one of Appen's largest customers, its return to form could be good news for the artificial intelligence data services company.

Janus Henderson Group PLC (ASX: JHG)

The Janus Henderson share price is up 13% to $41.60. This follows the release of the fund manager's fourth quarter update. Janus Henderson's non-GAAP earnings per share of 61 US cents was 20 US cents ahead of consensus estimates. The company's revenue also came in almost US$45 million higher than expectations at US$515.2 million.

Lithium Energy Ltd (ASX: LEL)

The Lithium Energy share price is up 7% to 89 cents. Investors have been snapping up this battery materials explorer's shares following the release of an update on the Burke Graphite Project. That update reveals that assays have confirmed the project to be one of the world's highest-grade deposits.

Pinnacle Investment Management Group Ltd (ASX: PNI)

The Pinnacle share price is up 11% to $10.40. This may have been driven by a broker note out of Morgans this morning. Although a touch underwhelmed with the investment management company's half year results, it believes the selloff has created a good entry point for investors. As a result, the broker has upgraded Pinnacle's shares to an add rating with a $10.75 price target.

The post Why Appen, Janus Henderson, Lithium Energy, and Pinnacle shares are charging higher appeared first on The Motley Fool Australia.

It's being helped along by three All Ords shares that have each gained 10% or more today.

What news might have put the wind beneath their wings? Let's take a look.

3 All Ords shares leaping more than 10% today

The Weebit Nano Ltd (ASX: WBT) share price is back with a bang. The All Ords share surged 13% to a 52-week high of $5.64 today after returning to trade shortly before the market closed on Thursday.

The stock was halted last week as the company sought court orders in relation to an administrative error.

However, it hasn't managed to hold onto all of today's gains. Right now, shares in Weebit Nano are swapping hands for $5.52 – 10.4% higher than its previous close.

Joining its ASX All Ords peer in posting a notable surge today is the Janus Henderson Group CDI (ASX: JHG) share price.

It peaked at $41.92 – marking a 14.1% gain. Though, it has since slipped to trade at $41.70, 13.50% higher than it closed yesterday's session.

Its rise comes on the back of the company's quarterly earnings. That's despite its diluted earnings per share (EPS) falling 39% to US$2.60 the year ended 31 December 2022.

Meanwhile, its assets under management (AUM) slipped 34% to US$287.3 billion over the year, but increased 5% quarter-on-quarter.

Finally, the Pinnacle Investment Management Group Ltd (ASX: PNI) share price shot 12% higher to $10.53 earlier today. The ASX All Ords share is currently up 10.22%, trading at $10.35.

It follows yesterday's disastrous session, which saw the stock dump 2.7% on the back of the company's half-year earnings.

Its net profit after tax (NPAT) slumped 24% over the six months ended 31 December, coming in at $30.5 million.  Meanwhile, its dividend was slashed to 15.6 cents per share – an 11% decrease.

It's possible market watchers took yesterday's slump as a buying opportunity, perhaps helping bump the stock higher today.

The post 3 ASX All Ords shares rocketing 10% or more today appeared first on The Motley Fool Australia.

Here's what you need to know about these growing dividend shares:

Janus Henderson Group (ASX: JHG)

The first ASX dividend share to look at is fund manager Janus Henderson.

Although Janus Henderson has been facing a number of challenges, the team at Bell Potter believes that now could be the time to buy before the tide turns.

Bell Potter said:

Falls in investment markets have reduced AUM and profitability. The appearance of an activist investor has not led to corporate activity which may have disappointed some investors. The change of CEO means a new strategy and that will take time to deliver tangible results.

But now might be a good time to revisit: markets should start to recover; the company has a new direction and there is still the prospect of M&A (we feel JHG could easily be swallowed by a larger group).

The broker has a buy rating and $43.50 price target on the company's shares.

As for dividends, Bell Potter is forecasting dividends per share of 190 cents in FY 2022 and 172 cents in FY 2023. Based on the current Janus Henderson share price of $31.54, this will mean yields of 6% and 5.45% respectively.

Medibank Private Ltd (ASX: MPL)

Another ASX dividend share that has been tipped as a buy is private health insurer Medibank.

Analysts at Citi were pleased with Medibank's full year results in August. It expects this strong form to continue thanks to the Medibank Health business, which is targeting a profit growth rate of at least 15%, and higher interest rates.

Citi commented:

Medibank's PHI business is performing well and we forecast an outlook of largely stable margins paired with reasonable top line growth. Medibank Health is also targeted to grow profit at a rate of at least 15% and higher interest rates should provide a reasonable tailwind for investment income. This keeps us attracted to the Medibank story despite value being reasonable rather than cheap.

The broker has a buy rating and $4.00 price target on the company's shares.

Pleasingly, Citi is also expecting Medibank's shares to provide attractive dividend yields in the near term. Its analysts are forecasting fully franked dividends of 15.9 cents per share in FY 2023 and 16.3 cents per share in FY 2024. Based on the current Medibank share price of $3.52, this will mean yields of 4.5% and 4.6%, respectively.

The post Experts name 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

The shakeup was part of the S&P Dow Jones Indices quarterly rebalance, which seeks to maintain risks at targeted volatility levels.

The ASX 200 houses the 200 (or so) largest listed companies by market cap. As some of these companies lost a lot of ground over the past three months, they were replaced by other companies.

Below we look at the eight companies that departed the ASX 200 on Monday and how they've performed since Friday's closing bell. For context, the benchmark index is down 0.6% this week.

Leaving the ASX 200 on Monday

The first company to depart the benchmark index is Life360 Inc (ASX: 360), with a market cap of $1.0 billion. Based in the United States, the software development company allows users to keep track of family members via its apps. The Life360 share price is down 1.3% since Friday's closing bell.

Up next is AVZ Minerals Ltd (ASX: AVZ), which has a market cap of $2.7 billion. The resource explorer is focused on developing the lithium-rich Manono Project, located in the Democratic Republic of the Congo. AVZ shares last traded on 6 May, after which the company asked for a halt in trading. And it now looks like shares won't be trading again until at least October.

The third company that got kicked out of the ASX 200 on Monday is City Chic Collective Ltd (ASX: CCX), with a market cap of $377 million. The ASX retailer specialises in plus-size women's apparel, footwear and accessories. City Chic pays a 0.6% trailing dividend yield, fully franked. Shares are down 5.9% this week.

Moving on to the fourth company to exit the benchmark index, we have Clinuvel Pharmaceuticals Ltd (ASX: CUV), with a market cap of $944 million. The biotech share is engaged in developing drugs for the treatment of genetic and vascular disorders. Clinuvel pays a slender 0.2% trailing dividend yield, fully franked. The share price is down 10.5% since Friday's closing bell.

Also exiting the benchmark index

Fintech company EML Payments Ltd (ASX: EML) also departed the ASX 200 on Monday. EML payments has a market cap of $330 million. Shares are down 6.95% this week.

Next, we have Janus Henderson Group PLC (ASX: JHG), which has a market cap of $5.9 billion. The investment management services company pays a 6.2%, unfranked trailing dividend yield. The Janus Henderson share price has slipped 1.9% this week.

Coming in at number seven is Pointsbet Holdings Ltd (ASX: PBH), with a market cap of $641 million. Pointsbet, as the name implies, is a licensed corporate bookmaker with operations in Australia and the United States. The Pointsbet share price is down 2.8% since Friday's closing bell.

And the final company to exit the ASX 200 on Monday is Zip Co Ltd (ASX: ZIP). The buy now, pay later (BNPL) stock has been particularly hard hit by rising interest rates this year, leaving it with a current market cap of $535 million. The Zip share price is down 10.9% this week.

The post 8 ASX 200 shares got kicked out of the index on Monday. How are they tracking? appeared first on The Motley Fool Australia.

No, it's a big day for the ASX 200 today because the latest quarterly rebalancing has just taken effect. The ASX 200 has just had a shakeup.

Why do indexes need rebalancing?

Like most indexes, the ASX 200 is constructed through weighting by market capitalisation. This means the largest companies by size enjoy the largest weighting in the index.

So even though there are 200 or so ASX shares in the ASX 200, the largest ones have more influence than the smallest ones. So Commonwealth Bank of Australia (ASX: CBA), for example, has a far more influential presence on the ASX 200 than, say, Bank of Queensland Limited (ASX: BOQ).  

But market capitalisations are determined by a company's sales price. And, as we know, this changes every trading day. As such, the largest ASX 200 shares by market capitalisation are always in flux.

To make up for this, the ASX 200 is rebalanced every three months to ensure the index is accurately representing the Australian share market. What might have been the ASX 200's 195th largest share by market cap in one quarter might become the 205th, for example, by the time the next quarter rolls around.

As such, there are normally new companies that leave the index when this rebalancing takes place. These will be replaced by others that have seen their market capitalisation rise over the quarter in question.

So these changes to the ASX 200 Index are normally announced with a few weeks to spare. This gives index funds and other concerned parties the time to adjust and hopefully prevents no unnecessarily wild price swings on the rebalance day.

We found out what the latest rebalancing would involve a few weeks ago on 2 September. But today is the day these changes take effect. So let's go over some of the biggest changes to the ASX 200 Index that are in place from today.

A new look ASX 200

So, to get the bad news out of the way first, here is a list of the ASX 200 shares that are, well, no longer ASX 200 shares.:

• Life360 Inc (ASX: 360)
• AVZ Minerals Ltd (ASX: AVZ)
• City Chic Collective Ltd (ASX: CCX)
• Clinuvel Pharmaceuticals Limited (ASX: CUV)
• EML Payments Ltd (ASX: EML)
• Janus Henderson Group (ASX: JHG)
• Pointsbet Holdings Ltd (ASX PBH)
• Zip Co Ltd (ASX: ZIP)

In their place, here are the new faces that have just gained an ASX 200 membership card:

• Capricorn Metals Ltd (ASX: CMM)
• Charter Hall Social Infrastructure REIT (ASX: CQE)
• Johns Lyng Group Ltd (ASX: JLG)
• Karoon Energy Ltd (ASX: KAR)
• Lovisa Holdings Ltd (ASX: LOV)
• Smartgroup Corporation Ltd (ASX: SIQ)
• Spark New Zealand Ltd (ASX: SPK)
• Sayona Mining Ltd (ASX: SYA)

So some interesting names here, which perhaps some readers might be familiar with.     

ASX 200 membership can be a big deal for a company's shares. For example, as of today, any ASX 200 index fund or exchange-traded fund (ETF) that tracks the ASX 200 will have now sold any of the companies in our first list. They also would have just welcomed all of the companies in our second list in their funds.

There's also the prestige that comes along with being in the flagship index of ASX 200 shares.

So today might be a bitter day for some ASX shares that didn't make the cut this time. But it will also be a happy day for the new companies being welcomed onto the ASX 200 as of this Monday.

The post The ASX 200 is getting a shakeup today. Here's the tea appeared first on The Motley Fool Australia.

This is the day that additions and removals from major indices to reflect changes in market capitalisations and liquidity are made effective.

Earlier this month S&P Dow Jones Indices announced a sizeable eight additions and eight removals from the benchmark ASX 200 index.

For the companies entering the index, it often gives their shares a boost. That's because index funds have to buy them to reflect the change and fund managers that are only allowed to buy ASX 200 shares now have the option to invest.

Conversely, the shares that are kicked out of the ASX 200 index can come under pressure from selling from index funds and fund managers dumping shares they are no longer able to hold due to strict investment mandates.

And while most of the buying and selling is likely to be done in the two weeks between the announcement and the rebalance becoming effective, it is always interesting to see how these shares perform on rebalance day.

How are the ASX 200 evictees performing?

Let's take a look at how the eight ASX shares that have been kicked out of the ASX 200 today are performing. Here's a summary:

The AVZ Minerals Ltd (ASX: AVZ) share price has been suspended for over four months and thus has not been impacted (yet) by this rebalance.

The City Chic Collective Ltd (ASX: CCX) share price is down 4% to $1.62 on Monday. This plus sized fashion retailer's shares are now trading close to a 52-week low.

The Clinuvel Pharmaceuticals Limited (ASX: CUV) share price has dropped 5% to $20.32 today.

The EML Payments Ltd (ASX: EML) share price has tumbled 4% to 90 cents. This struggling payments company's shares are now down over 70% in 2022.

The Janus Henderson Group (ASX: JHG) share price is down 0.5% today.

The Life360 Inc (ASX: 360) share price is defying the trend and storming 6% higher to $5.64 this afternoon.

The Pointsbet Holdings Ltd (ASX: PBH) share price is also managing to push higher despite its ASX 200 exit. The sports betting company's shares are up 2% to $2.14.

The Zip Co Ltd (ASX: ZIP) share price is down 2% to 80.5 cents. This buy now pay later provider's shares are now down 81% in 2022.

The post Out in the cold: How are the ASX 200 evictees faring on Monday? appeared first on The Motley Fool Australia.

It came after the S&P 500 Index (SP: .INX) and Dow Jones Industrial Average Index (DJX: .DJI) fell 0.4% and 0.5% respectively overnight. Meanwhile, the Nasdaq Composite Index (NASDAQ: .IXIC) slipped 0.7%.

Leading the ASX 200's downfall was the S&P/ASX 200 Energy Index (ASX: XEJ), falling 2.9%. It followed a mixed night for oil prices.

The Brent crude oil price fell 3% to US$92.83 a barrel overnight while the US Nymex crude oil price  lifted 0.1% to US$86.88 a barrel.

The S&P/ASX 200 Materials Index (ASX: XMJ) also plunged 2% after iron ore futures slid 0.9% to US$97.61 a tonne and gold futures lifted 0.6% to US$1,712.90 an ounce.

Only two sectors recorded a gain on Wednesday. The biggest lift was posted by the S&P/ASX 200 Information Technology Index (ASX: XIJ). It rose 0.3% despite the tech-heavy Nasdaq Composite's Tuesday losses.

But which share outperformed all others on Wednesday? Let's take a look.

Top 10 ASX 200 shares countdown

Today's top performing ASX 200 share was ResMed Inc (ASX: RMD). Find out more about the medical device and software developer and what it's been up to lately here.

Today's biggest gains were made by these ASX shares:

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But occasionally stocks might get a nice boost from an unexpected circumstance.

That's exactly the great fortune Johns Lyng Group Ltd (ASX: JLG), Sayona Mining Ltd (ASX: SYA), and Lovisa Holdings Ltd (ASX: LOV) investors find themselves in this month.

That's because those three ASX shares have been named as new additions to the S&P/ASX 200 Index (ASX: XJO).

They will be welcomed into the flagship index before trading begins on Monday 19 September.

Not just prestige, but actual practical ramifications

So why is joining the ASX 200 such a boon for stocks?

That's because passive funds that follow the index are forced to buy the shares, thereby pushing up demand.

And of course, the share price heads upward as demand increases.

This will be some relief for investors of insurance building repairer Johns Lyng. The price for that stock has dipped 15.5% over the last couple of weeks.

Shareholders for lithium producer Sayona Mining will be glad too, with that stock losing about a third of its value since 19 April.

Lovisa shares have gained a whopping 71% since mid-June, so the ASX 200 addition could light another fire under the rocket.

More to watch

Those three stocks aren't the only ones entering the exclusive 200 club though.

Investors may keep an eye on these other companies to see how they might move as 19 September approaches:

• Capricorn Metals Ltd (ASX: CMM)
• Charter Hall Social Infrastructure REIT (ASX: CQE)
• Karoon Energy Ltd (ASX: KAR)
• Smartgroup Corporation Ltd (ASX: SIQ)
• Spark New Zealand Ltd (ASX: SPK)

Conversely, for each stock that's added to the ASX 200, one gets removed.

And that's potentially bad news for those companies, as passive funds that follow the index are forced to sell.

When supply increases, the share price dips.

So watch out if you're holding any of these ASX shares, which will be kicked out of the ASX 200 on the morning of 19 September:

• Life360 Inc (ASX: 360)
• AVZ Minerals Limited (ASX: AVZ)
• City Chic Collective Ltd (ASX: CCX)
• Clinuvel Pharmaceuticals Limited (ASX: CUV)
• EML Payments Ltd (ASX: EML)
• Janus Henderson Group CDI (ASX: JHG)
• Pointsbet Holdings Ltd (ASX: PBH)
• Zip Co Ltd (ASX: ZIP)

The post Why these 3 ASX shares could be in for a massive boost this month appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Amcor (ASX: AMC)

The Amcor share price is down almost 3% to $17.80. This appears to have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has downgraded the packaging company's shares to an equal-weight rating from overweight. Morgan Stanley has concerns about Amcor's outlook.

Arafura Resources Limited (ASX: ARU)

The Arafura share price is down 14% to 27.5 cents. This morning this rare earths company announced that it has received firm commitments to raise $41.5 million via a placement. These funds are being raised at 26.5 cents per new share, which represents a 17% discount to its last close price. Proceeds will be used to progress the development of the Nolans Project.

Block Inc (ASX: SQ2)

The Block share price is down 6% to $118.48. Investors have been selling this payments company's shares after its second quarter update disappointed. Although Block delivered a result largely in line with the market's expectations, its guidance appears to have underwhelmed investors. The company is expecting its growth to moderate early in the third quarter.

Janus Henderson Group (ASX: JHG)

The Janus Henderson share price is down 3% to $35.35. This morning this fund manager's shares traded ex-dividend for its latest distribution. Eligible shareholders can now look forward to receiving its 55.8 cents per share quarterly unfranked dividend later this month on 24 August.

The post Why Amcor, Arafura, Block, and Janus Henderson shares are dropping appeared first on The Motley Fool Australia.

Here's what they are saying about these top ASX dividend shares:

Janus Henderson Group (ASX: JHG)

The team at Bell Potter think that this fund manager could be a dividend share to buy. It has a buy rating and $43.50 price target on the company's shares.

While Janus Henderson has been facing a number of challenges, the broker believes that now could be the time to buy before the tide turns.

It explained:

Falls in investment markets have reduced AUM and profitability. The appearance of an activist investor has not led to corporate activity which may have disappointed some investors. The change of CEO means a new strategy and that will take time to deliver tangible results.

But now might be a good time to revisit: markets should start to recover; the company has a new direction and there is still the prospect of M&A (we feel JHG could easily be swallowed by a larger group).

As for dividends, the broker is forecasting dividends per share of 190 cents in FY 2022, 172 cents in FY 2023, and 181 cents in FY 2024. Based on the current Janus Henderson share price of $36.33, this will mean yields of 5.2%, 4.7%, and 5%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Analysts at Goldman Sachs are positive on Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager. The broker has just initiated coverage on Stockland with a buy rating and $4.44 price target.

Goldman likes Stockland due to its refreshed corporate strategy and attractive valuation. The broker explained:

We believe that investor concerns regarding the housing cycle are reflected in current pricing. Furthermore, we believe SGP is progressing on its recently refreshed corporate strategy, noting that recycled proceeds from the completed sale of its low returning Retirement division provides flexibility to accelerate its commercial development pipeline and its Communities (including Land Lease) business and see the shares as attractively valued both relative to peers and historically.

SGP currently trades at a ~10% discount to last stated NTA (vs. LT average of ~1.14x), and at a FY23 FFO multiple of ~12x (vs. our REIT coverage average of 17x).

In respect to dividends, the broker is forecasting dividends per share of 26.6 cents in FY 2022, 26.7 cents in FY 2023, and 26.9 cents in FY 2024. Based on the current Stockland share price of $3.86, this will mean yields of 6.9%, 6.9%, and 7%, respectively.

The post Brokers name 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

That sees the benchmark 2.26% higher than it was this time last week and at its highest point since 10 June.

The S&P/ASX 200 Real Estate Index (ASX: XRE) led the session today, closing 3% higher after starting the week on a slow foot.

Other top performing sectors included the S&P/ASX 200 Utilities Index (ASX: XUJ) and the S&P/ASX 200 Information Technology Index (ASX: XIJ) – up 2.5% and 1.3% respectively.

Their gains followed a strong session on Wall Street overnight. The S&P 500 Index (SP: .INX) lifted 1.2% in Thursday's session while the Dow Jones Industrial Average Index (DJX: .DJI) and the Nasdaq Composite Index (NASDAQ: .IXIC) both rose 1%.

Iron ore futures and gold futures also lifted overnight, although Singapore iron ore futures reportedly tumbled today.

Of the ASX 200's 11 sectors, 10 were trading in the green at the end of today's session. But which shares delivered the biggest gains? Keep reading to find out.

Top 10 ASX 200 shares countdown

The best performing ASX 200 share on Friday was gold miner St Barbara Ltd (ASX: SBM). The stock leapt 10% on Friday amid the rising price of gold. Find out more about what St Barbara has been up to lately here.

Today's biggest gains were made by these ASX 200 shares:

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

That's 5.3% more than the market's previous ASX 12-month record, according to research by Janus Henderson Group (ASX: JHG).

Perhaps unsurprisingly, of the top 20 ASX dividend payers of the period, 19 are S&P/ASX 200 Index (ASX: XJO) constituents. Additionally, mining shares are overrepresented when it comes to ASX dividend payouts.

Here are the stocks proven to be Australia's biggest dividend payers.

Here are the ASX's top dividend-paying shares

ASX shareholders, rejoice! Australia is one of the few nations to see dividend payments surpass pre-COVID-19 levels.

The global reopening and sky-high commodity prices boosted ASX dividends over the 12 months ended March. In fact, mining companies accounted for $1 in every $2 of dividends handed to investors over that period.

BHP Group Ltd (ASX: BHP) has come in as the biggest dividend payer – handing shareholders $10.8 billion of dividends in the first quarter of 2022 alone.

Fortescue Metals Group Limited (ASX: FMG) came in second despite dropping its interim dividend by 42% in February.

Luckily that drop was partially made up by a higher payout from Rio Tinto Limited (ASX: RIO).

Outside of the S&P/ASX 200 Materials Index (ASX: XMJ), the Commonwealth Bank of Australia (ASX: CBA) dividend led the pack. It was lifted by 17% in February.

CBA's big bank peers Westpac Banking Corp (ASX: WBC), National Bank of Australia Ltd (ASX: NAB), and Australia and New Zealand Banking Group Ltd (ASX: ANZ) followed. Others included:

• Wesfarmers Ltd (ASX: WES)
• Telstra Corporation Ltd (ASX: TLS)
• CSL Limited (ASX: CSL)
• Macquarie Group Ltd (ASX: MQG).
• Woolworths Group Ltd (ASX: WOW)
• Coles Group Ltd (ASX: COL)
• Transurban Group (ASX: TCL)
• James Hardie Industries (ASX: JHX)
• Goodman Group (ASX: GMG)
• Aristocrat Leisure Limited (ASX: ALL)
• Newcrest Mining Ltd (ASX: NCM) and
• Woodside Energy Group Ltd (ASX: WPL)

New Zealand's Meridian Energy Ltd (ASX: MEZ) was the only non-ASX 200 share to make the list. It rounded out the top 20 dividend shares of the 12 months ended March.

The post ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers? appeared first on The Motley Fool Australia.

But could the rest of 2022 see Australian investors receiving yet another record-breaking payout?

Experts at the Janus Henderson Group (ASX: JHG) think that $100 billion of dividends could be on the money for ASX investors this year. If that's reached, it will likely be thanks to some of the S&P/ASX 200 Index (ASX: XJO)'s biggest names.

However, the global asset manager has warned of a darker side to such a story.

Let's take a look at what might be in store for ASX dividend investors over the rest of 2022.

Could ASX shares pay out $100b in dividends in 2022?

ASX 200 mining companies might help push Australian dividends to a new record in 2022. That's according to data compiled by Janus Henderson.

"Australian dividends, already at record levels, are set to rise further over the rest of the year and may top $100 billion for the first time," it noted.

However, the asset manager warned that Australia's dividends are concentrated to a few stocks in a few sectors. That could spell bad news for investors.

Of the $97.9 billion of dividends ASX investors received over the year to March, $53 billion came from materials shares. The financials sector handed another $30.3 billion of dividends to shareholders.

"Australia's high level of dividend concentration leaves domestic investors far more heavily dependent on just a handful of companies for a very large portion of their dividend income than in any comparable country," Janus Henderson noted in its latest Global Dividend Index report.

"There are many examples from around the world in recent years of how very large dividend payers encountered difficulties that have forced them to cut payouts …

"[T]aking a global approach to dividend income clearly captures the significant benefits of diversification that a domestic, Australia-focused strategy would struggle to replicate."

BHP Group Ltd (ASX: BHP) handed out one of the world's biggest dividend increases last quarter. The Commonwealth Bank of Australia (ASX: CBA) dividend also scored a mention. It increased 17% last half.

No doubt, dividend fans will be keeping their eyes peeled for ASX shares bolstering their payouts over the remainder of 2022.

The post Could ASX shares pay out $100b in dividends this year? Expert weighs in appeared first on The Motley Fool Australia.

The stampede towards the exit was indiscriminate today, with all ASX sectors firmly in negative territory. To find the best performing sector, we must still settle for a 0.17% loss which was experienced by the consumer staples. This was still leaps and bounds better than the drawdowns across other areas of the market on Friday.

Taking the cake, tech shares slumped a painful 4.47% — adding to the sector's sustained weakness in recent months.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Unfortunately, on days like today, the market has failed to produce 10 stocks in the green. Nonetheless, these were the shares that managed to hold up the best:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Janus Henderson Group Plc (ASX: JHG) was the biggest gainer today. Shares in the global fund manager inched 0.64% higher following its unceremonious 14% fall yesterday on the back of disappointing results. Find out more about Janus Henderson Group here.

The next best performing ASX share across the market today was Elders Ltd (ASX: ELD). The diversified agribusiness operator moved marginally ahead despite there being no announcements from the company. Uncover the latest Elders details here.

Today's top 10 biggest gains were made in these ASX shares:

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

ARB Corporation Limited (ASX: ARB)

The ARB share price is down a further 1.5% to $33.15. Investors have been selling this 4×4 parts manufacturer's shares since the release of a market update on Wednesday. That update revealed that ARB expects to report a 12% increase in revenue to $700 million in FY 2022. However, due to a large increase in costs, its margins and earnings are under significant pressure.

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The ANZ share price is down 1.5% to $26.97. Investors have been selling this banking giant's shares after brokers responded negatively to its half-year results. For example, Goldman Sachs has downgraded the bank's shares to a neutral rating with a $29.84 price target. Its analysts believe the removal of ANZ's cost reduction target has taken away valuation support.

Janus Henderson Group (ASX: JHG)

The Janus Henderson share price has sunk 14% to $37.40. Investors have been selling this fund manager's shares after its quarterly update disappointed. Janus Henderson reported first quarter operating income of US$124.6 million, which was down 21% quarter on quarter and 35.3% year on year.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is down a further 2% to $4.93. This online furniture and homewares retailer's shares have come under significant pressure after it announced its expansion into the home improvement market. The new online business is expected to be loss-making for several years and could therefore weigh on its slender margins

The post Why ANZ, ARB, Janus Henderson, and Temple & Webster shares are falling appeared first on The Motley Fool Australia.