The S&P/ASX 200 Index (ASX: XJO) is having another positive day. In afternoon trade, the benchmark index is up 0.4% to 7,214.3 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are on fire:
Commonwealth Bank of Australia (ASX: CBA)
The Commonwealth Bank share price is up 5.5% to $99.55. This follows the release of the banking giant’s half year results. Australia’s largest bank delivered a 23% increase in cash earnings to $4,746 million, which was well-ahead of expectations. In addition, CBA is returning significant capital to investors. It has declared a $1.75 per share interim dividend and announced a $2 billion on-market share buyback.
Computershare Limited (ASX: CPU)
The Computershare share price has jumped 13% to $22.54. Investors have been buying the stock transfer company’s shares after its first half update impressed the market. Computershare reported a 4.6% increase in management revenue to US$1.2 billion and a 4.5% lift in management earnings per share to 22.76 US cents. In light of this strong half, the company has upgraded its full year earnings per share growth guidance from 2% to 9%.
Dicker Data Ltd (ASX: DDR)
The Dicker Data share price is up 8% to $14.66. This follows the release of a dividend announcement from the leading IT distributor. According to the release, Dicker Data will pay a final fully franked dividend of 15 cents per share for FY 2021. This brings its full year dividend to 42 cents per share, which is up 27% year on year.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price has jumped 11% to $8.96. Investors have been buying the online furniture retailer’s shares after it delivered a 46% increase in revenue to $235 million during the first half. And while the company reported a 40% decline in profit to $7.3 million, this was largely expected given its planned increased investment to fuel its growth.
The post Why CBA, Computershare, Dicker Data, and Temple & Webster shares are on fire today appeared first on The Motley Fool Australia.
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More reading
- Here’s what you need to know about the CBA (ASX:CBA) $2 billion share buyback
- Rising tide? Here’s why ASX 200 bank shares are having such a good run today
- Everything you need to know about the CBA (ASX:CBA) interim dividend
- ASX 200 (ASX:XJO) midday update: CBA impresses, Mineral Resources delivers a shocker
- Cha-ching! Temple & Webster (ASX:TPW) share price soars 12% on record half revenues
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. owns and has recommended Dicker Data Limited and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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