The Mineral Resources Ltd (ASX: MIN) share price is falling on Friday.

At the time of writing, the mining and mining services company’s shares are down 4% to $81.61.

This follows the release of the company’s half-year results.

Mineral Resources share price falls despite incredible earnings growth

• Revenue up 74% to $2,350 million
• Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) up 503% to $939 million
• Net profit after tax up 1,890% to $390 million
• Operating cash flow up 333% to $281 million
• Interim dividend of 120 cents per share

What happened during the half?

For the six months ended 31 December, Mineral Resources reported a 74% increase in revenue to $2,350 million.

The was driven largely by a huge increase in lithium revenue, which was supported by modest increases in iron ore and mining services revenue. Mineral Resources’ lithium revenue came in at $997.2 million, up from $143 million a year earlier.

It was a similar story for the company’s EBITDA, which came in 503% higher at $939 million. Management notes that this reflects record lithium earnings from the conversion of both Mt Marion and Wodgina spodumene concentrate into lithium battery chemicals. It was also supported by consistent mining services earnings and an improved contribution from iron ore business on the back of higher achieved prices.

However, as strong as this earnings growth was, it has fallen short of expectations. The consensus estimate was for EBITDA of $1.06 billion. This may explain the weakness in the Mineral Resources share price today.

Nevertheless, this ultimately allowed the company to bring back its interim dividend. It declared a fully franked interim dividend of $1.20 per share, which represents a $233 million return.

Management commentary

Mineral Resources’ Managing Director, Chris Ellison, commented:

MinRes had a strong and stable first half, with solid earnings set to deliver shareholders a $1.20 fully franked interim dividend. We are well set-up for an excellent year, with our balance sheet and performance across all areas in a great position.

Our first half was headlined by record lithium earnings from conversion of Mt Marion and Wodgina spodumene concentrate into lithium battery chemicals. This was underpinned by consistent mining services earnings and a return to positive iron ore earnings due to improved product discounts.

Over the past 12 months, the business has been restructured for growth in each of our four business pillars. We have locked in substantial growth in each of these business divisions for the next five years and built the foundations that will set up MinRes for the next 50 years. This half has seen us take the business from a mining services contractor and upstream miner to a leading downstream supplier of lithium to global auto manufacturers.

Outlook

Looking ahead, Mineral Resources’ guidance for FY 2023 is unchanged. It has also provided guidance on its lithium operations. It expects:

• 7 to 7.3Mt iron ore at Yilgarn
• 5Mt to 11.5Mt iron ore at Utah Point
• 160k to 180k dmt of spodumene from Mt Marion
• 19kt to 21.3kt lithium battery chemicals from Mt Marion
• 150k to 170k dmt of spodumene from Wodgina
• 5kt to 12.5kt of lithium battery chemicals from Wodgina
• Mining services volumes of 270Mt to 280Mt

The post Mineral Resources share price drops despite incredible earnings growth appeared first on The Motley Fool Australia.

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More reading

• 4 ASX 200 mining shares to buy for takeover potential: expert
• Mineral Resources share price lower despite plan to be a ‘world-leader in lithium mining’
• Here’s the latest ‘bearish news’ from brokers on ASX 200 lithium stocks
• Here are the top 10 ASX 200 shares today
• Why is the Core Lithium share price rebounding 5% on Tuesday?

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. 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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The Rio Tinto Limited (ASX: RIO) share price has seen plenty of volatility over the past year. But the dividend has just gone completely south.

Rio Tinto is one of the biggest miners in the world. Last year, it paid one of the largest dividends on the ASX. But this year, it’s paying a much smaller dividend.

But, this year, the S&P/ASX 200 Index (ASX: XJO) mining share decided to cut its final dividend by 46% to US$2.25 per share.

This brought Rio Tinto’s total dividend for the year to US$4.92 per share. That represented a 53% cut compared to 2021, though last year included a special dividend. The total ordinary dividend per share was cut by 38%.

Why was the Rio Tinto dividend cut by so much?

The key reason for the dividend cut was that the ASX 200 mining share’s profit sank.

Revenue dropped by 13% to US$55.6 billion. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 30% to US$26.3 billion. Operating cash flow jumped by 36% to US$16.1 billion. Underlying earnings per share (EPS) declined 38% to US$8.20 while free cash flow sank 49% to US$9 billion.

Rio Tinto said it saw significant movement in pricing for its commodities due to “growing recession fears and a decline in consumer confidence”.

Those movements in commodity prices caused a US$8.1 billion decline in underlying EBITDA compared to 2021. That was “primarily from lower iron ore prices” to the tune of US$9.2 billion. It also suffered from lower copper prices and a negative provisional pricing impact.

A key iron ore price index was 25% lower on average in 2022 compared to 2021.

Is this a disaster?

Resource prices change all the time. Positive changes to the resource price can really boost profit, while negative movements are detrimental to short-term profitability. That’s why the Rio Tinto share price moves so much.

Compared to 2020, the 2022 operating cash flow was up 2%, underlying EBITDA was up 10%, and underlying EPS was up 6%. The dividend was 6% higher in 2022 than in 2020.

So, it was hard to beat that incredible 2021 year. But that doesn’t mean 2022 was a bad year. It would be a mistake to think that 2021 levels of profit were going to continue every year.

Bear in mind too, the Rio Tinto share price is close to its 2021 highs.

Is the Rio Tinto share price a buy?

I like Rio Tinto’s moves to own more of the Oyu Tolgoi copper mine in Mongolia. I also like its move into lithium, starting with the Rincon project in Argentina.

The ASX 200 mining share has a very long-term future. However, I just don’t think it can achieve a lot of capital growth considering the nature of changing commodity prices and given how mines run out of resources at some point. But a rise in the iron ore price could help boost sentiment this year.

If I were trying to achieve market-beating returns, I’d wait for a lower Rio Tinto share price because of the cyclical nature of markets. But, it could continue to pay good enough dividends, so shareholders may wish to hang on if they bought at a lower price.

The post Should I buy Rio Tinto shares given the ASX 200 miner just slashed its dividend by 46% appeared first on The Motley Fool Australia.

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• Why is the Rio Tinto share price tumbling today?
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• Goldman tips 20% surge in iron ore price. Should I buy ASX 200 mining shares?

Motley Fool contributor Tristan Harrison 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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The Accent Group Ltd (ASX: AX1) share price has raced to a 52-week high on Friday.

In morning trade, the youth fashion and footwear retailer’s shares are up 10% to $2.36.

This follows the release of a strong half-year result from Accent.

Accent share price jumps on strong earnings growth

• Total sales up 39% to $825 million
• Earnings before interest, tax, depreciation and amortisation (EBITDA) up 70.9% to $170.2 million
• Net profit after tax up 290% to $58.3 million
• Fully franked interim dividend up 380% to 12 cents per share
• Net debt down 30% to $63.6 million

What happened during the half?

For the six months ended 31 December, Accent reported a 39% increase in sales to $825 million.

This reflects strong in-store sales, softer online sales, the opening of 53 new stores, significant store closures in the prior corresponding period, and one extra trading week.

On the bottom line, Accent posted a 290% increase in net profit after tax to $58.3 million. Management advised that this was driven by stronger gross margins, lower costs, and improved earnings from its online business. Although the latter posted a decline in sales, its earnings were stronger year over year.

This ultimately allowed the Accent board to increase its interim dividend by 380% to a fully franked 12 cents per share.

Management commentary

Accent’s CEO, Daniel Agostinelli, was very pleased with the half. He said:

I am delighted with the results achieved in H1 FY23. The continued focus on customers, new product, full margin sales and return on investment has delivered a terrific H1 result. What is most pleasing is the strength and consistency of performance across our large core banners, including Skechers, Platypus, Hype DC, The Athlete’s Foot (TAF), Vans and Dr Martens, along with the progress that we have made in our new banners now that trading conditions have normalised.

One of the key initiatives for H1 was driving the profitability of the Accent Group digital business. Overall online sales have grown 160% to $134 million compared to FY20. Whilst sales were down on last year due to the lockdowns in 2021, we have improved our digital business and online EBIT was ahead of last year.

Outlook

While no guidance has been provided for the second half, management notes that trading has been strong. Like for like sales were up 16% for the first seven weeks of the half.

Pleasingly, management appears optimistic that this positive form can continue thanks to its focus on younger consumers. Mr Agostinelli concludes:

Whilst we recognise that there is some uncertainty in the economic outlook, to this point we have not yet seen any significant change to consumer spending in our categories. Many of our brands target a younger customer demographic who tend to be less impacted by interest rates and cost of living pressures.

In conclusion, I am pleased with the ongoing progress that has been made on our key growth strategies as we continue to build a strong, defensible business in Australia and New Zealand. Our portfolio of global distributed brands, owned vertical brands, integrated digital capability and large store network are core assets of the Group and position the Company well for growth into the future.

The post Accent share price races 10% higher after half-year profits triple appeared first on The Motley Fool Australia.

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. 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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Well ASX 200 earnings season is in full swing, and we have certainly seen some dramatic reports so far. Some of the most watched metrics when an ASX share reveals its earnings is what kind of dividend income is coming investors’ way in the next few weeks.

Not only does a dividend give an insight into the financial health of a company, but investors just like to see that passive income in their hands.

Some ASX 200 shares have given investors a dividend pay cut this season, such as BHP Group Ltd (ASX: BHP) and AGL Energy Limited (ASX: AGL). But let’s discuss four ASX 200 shares that have gone the other way and ramped up their dividend payments for investors.

4 ASX 200 dividend shares upping their payouts in 2023

Woolworths Group Ltd (ASX: WOW)

ASX 200 blue chip Woolworths is first up. Woolies delighted its investors with its latest dividend announcement on Wednesday. The grocery giant will be forking out a fully-franked 46 cents per share in April.

That’s a good 17.9% higher than the interim dividend of 39 cents that investors received last year. But it comes in at the same level as Woolies’ interim dividend from 2021. At yesterday’s close, Woolworths stores now have a dividend yield of 2.49%.

Coles Group Ltd (ASX: COL)

And that brings us to Woolworths’ arch-rival Coles. Coles also upped its dividend game this earnings season. The supermarket operator announced its own earnings on Tuesday this week, and these also included a dividend boost for investors.

Coles paid out an interim dividend of 33 cents per share in 2022, but announced a hike of its own this week, with investors now in line to bag a fully-franked 36 cents per share interim dividend in 2023. That’s the largest dividend Coles has paid out since listing on the ASX in 2018.

That’s a 9.1% boost though, which isn’t quite as large of an increase as Woolies managed. Coles now trades on a dividend yield of 3.69%.

Ramsay Health Care Limited (ASX: RHC)

Another ASX 200 share giving investors a pay rise this earnings cycle is the healthcare heavyweight Ramsay. This company used to have one of the best dividend streaks on the ASX, raising its payouts every single year between 2000 and 2019. Alas, the pandemic sadly brought this to an end in 2020.

But Ramsay seems to be getting back on that horse, and just yesterday announced a fully-franked interim dividend of 50 cents per share for 2023. That’s a 3% increase over 2022’s corresponding dividend of 48.5 cents per share. Ramsay shares are yielding 1.43% right now.

Medibank Private Ltd (ASX: MPL)

Our final ASX 200 share worth checking out today is another healthcare share in Medibank Private. Medibank was another ASX stock that reported yesterday. In these earnings, the insurer revealed an interim dividend of 6.3 cents per share, fully franked.

That’s a rise of 3.28% over 2022’s interim dividend of 6.1 cents per share. Medibank is another ASX 200 share that is building up a solid dividend streak. It paid out 12 cents per share in total in 2020, 12.7 cents per share in 2021 and 13.4 cents in 2022.

With this latest dividend, it is on track to raise its annual total in 2023 as well. Medbank shares have a dividend yield of 4.09% today.

The post Passive income watch: 4 ASX 200 shares that announced boosted dividends this week appeared first on The Motley Fool Australia.

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• Ramsay share price jumps on 22% profit boost 
• Medibank share price charges higher amid profit boost

Motley Fool contributor Sebastian Bowen has positions in Ramsay Health Care. 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 positions in and has recommended Coles Group. 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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It’s been 10 years since Evolution Mining Ltd (ASX: EVN) introduced its revenue-linked dividend policy, and it’s provided those invested in its shares with more than 20 payouts since. In the meantime, stock in the gold producer has risen 122%.

Indeed, a $1,000 investment in Evolution Mining shares in February 2013 likely would have bought 800 securities at $1.25 apiece.

Today, that parcel would be worth $2,224. The Evolution Mining share price last closed at $2.78.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 45% in that time.

But how much have long-term Evolution Mining investors made when it comes to dividends? Let’s take a look.

Own Evolution Mining shares? Here are all the company’s dividends

Here are all the dividends that have been paid to those invested in Evolution Mining shares since 2013:

Evolution dividends’ pay date	Type	Dividend amount
August 2022	Final	3 cents
March 2022	Interim	3 cents
September 2021	Final	5 cents
March 2021	Interim	7 cents
September 2020	Final	9 cents
March 2020	Interim	7 cents
September 2019	Final	6 cents
March 2019	Interim	3.5 cents
September 2018	Final	4 cents
March 2018	Interim	3.5 cents
September 2017	Final	3 cents
March 2017	Interim	2 cents
September 2016	Final	2 cents
March 2016	Interim	1 cent
October 2015	Final	1 cent
March 2015	Interim	1 cent
October 2014	Final	1 cent
March 2014	Interim	1 cent
September 2013	Maiden	1 cent
Total:		64 cents

As the chart above shows, each Evolution Mining share has yielded 64 cents of dividends since the company’s maiden payout.

That means our figurative $1,000 parcel has probably provided $552 of passive income over its life – bringing its return on investment (ROI) to 178%.

And, of course, if an investor were to have reinvested their dividends, they could have realised further gains through the power of compounding.

Not to mention, all Evolution Mining dividends since September 2017 have been fully franked. Thus, they’ve had the potential to bring tax benefits.

Right now, Evolution Mining shares boast a 2.16% dividend yield.

The ASX 200 company also declared its next dividend last week. It comes in at 2 cents per share and will be paid in June.

The post Invested $1,000 in Evolution Mining shares in 2013? Here’s how much dividend income you’ve received appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper 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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ASX dividend stocks have a very useful ability of being able to pay dividends and grow both the underlying value of the business plus the payout over time. Investing $1,500 a month could turn into $1 million.

There are some ASX shares that have been very generous dividend payers over the last decade, like BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA). But, with how large they are, I don’t believe they have enormous capital growth potential.

However, businesses that have more growth potential could be an excellent choice to deliver a steady stream of dividends as well as compound growth in the coming years.

I wouldn’t advocate putting all of someone’s money into just one business. However, some investments do have a lot of underlying diversification. While there are a number of exchange-traded funds (ETFs) that offer compelling diversification in just one investment, many don’t provide good dividend yields.

But, there are a few different ASX dividend stocks that could provide that diversification, good dividends instantly and long-term growth. Today, I’m going to tell you about Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

It’s an ‘investment conglomerate’. It’s like Warren Buffett’s Berkshire Hathaway because Soul Pattinson invests in listed businesses and private businesses/assets.

Dividend yield

One of the most important aspects of an ASX dividend stock is the income we’re going to get. I like large dividends, but I’m happy to receive a smaller yield if it gives a better chance of dividend growth each year and more re-investment.

Soul Pattinson grew its FY22 full-year dividend by 16.1% to 72 cents. At the current Soul Pattinson share price, that translates into a trailing grossed-up dividend yield of 3.6%.

While dividend growth is not guaranteed, the company has grown its dividend every year since 2000, so I think the future yield-on-cost will be even more compelling.

The dividend is funded by the cash flow that Soul Pattinson receives from its portfolio of investments. As its investments grow profit and pay larger dividends, that means Soul Pattinson can fund higher dividends too.

Long-term growth

Soul Pattinson aims to find resilient investments that it believes can grow both the dividends and capital value over time.

That has resulted in a portfolio of names like TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), Macquarie Group Ltd (ASX: MQG), as well as private investments like agriculture and an electrical parts business called Ampcontrol.

At the company’s annual general meeting (AGM) it said that over the prior 20 years, the ASX dividend stock had delivered an average total shareholder return (TSR) per annum of 12.5%.

Past performance is certainly not a reliable indicator of future performance. However, investing $1,500 per month and achieving an average return per annum of 12.5% would take 18 years to reach a $1 million portfolio. If the returns going forwards are lower than 12.5% per annum then it will take longer to achieve the $1 million goal.

‘Revolving diversification’

I think one of the most underrated factors that makes a good investment is longevity.

It seems somewhat inevitable that many companies and technologies are replaced over time. Kodak, Blackberry and IBM are not the giants they used to be.

There are very few companies that we can hold, own forever and likely see good returns.

What I like about ETFs and Soul Pattinson is that their portfolios can change, removing the losers and investing in the current/future winners. I think it’s this ability that will help the ASX dividend stock continue to be a solid performer for the next 10 to 20 years.

The post Invest $1,500 each month in this ASX dividend stock to actually create a $1 million portfolio appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Berkshire Hathaway, Brickworks, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Macquarie Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Berkshire Hathaway and Tpg Telecom. 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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It’s pretty incredible, but there is actually a technology stock in the S&P/ASX 200 Index (ASX: XJO) that’s risen 46% over the past year.

This is a pretty remarkable effort during a time when the S&P/ASX All Technology Index (ASX: XTX) lost 7.8%. If you go back to November 2021, the tech index has lost a third of its value.

That outlier is Brisbane’s TechnologyOne Ltd (ASX: TNE).

“TechnologyOne is Australia’s largest enterprise resource planning (ERP) software-as-a-service (SaaS) provider,” Fairmont Equities managing director Michael Gable said in a blog post.

The reason for its outperformance compared to its industry peers is the demographics of its clients.

“Around 85% of revenue is generated from the government, education and health sectors, which are highly defensive. The company has a customer retention rate of +99% and [a] very low customer churn rate.”

‘Consistent performance’ and ‘highly attractive’ fundamentals

According to Gable, TechOne’s “fundamentals are highly attractive”, citing the business’ 90%+ recurring revenue profile, a less than 1% churn rate, “a highly cash generative business model” and a clean balance sheet.

The software provider has a history of “consistent performance”, and currently has “achievable medium-term targets”.

That includes a profit before tax margin of 35% by the 2026 financial year and a three-year earnings growth profile of +14% per annum.

Although the TechOne share price has gone sideways for the past month, Gable expects it to resume its climb.

“With the shares currently trading on a one-year forward P/E multiple of ~44x, which is above the upper end of the trading range over the last four years (35 to 43x), we consider that the market is starting to factor in TechOne’s medium-term targets.”

About 18 months ago, the company acquired UK software vendor Scientia in an effort to gain clientele in the education sector.

Gable is looking forward to seeing what impact that has on TechOne’s performance.

“Evidence of a step-change in ARR performance in the UK following the Scientia acquisition, as well as maintaining a higher rate of additional customers per year onto the SaaS platform are two key factors that would support a more positive view on the shares.”

Gable’s peers are somewhat divided on TechOne shares.

According to CMC Markets, seven out of 12 analysts currently reckon the stock is a hold. Two rate it a buy and three urge a sell.

The post Up 45% in a year! But this boom ASX 200 tech share is still a buy: expert appeared first on The Motley Fool Australia.

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• These ASX 200 tech shares are leading the market today

Motley Fool contributor Tony Yoo 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 recommended Technology One. 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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The Pilbara Minerals Ltd (ASX: PLS) share price is on watch this morning.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock closed up 5.1% yesterday trading for $4.48 apiece.

The price action will be one to keep an eye on this morning, after the company reported its half-year results for the six months ending 31 December (1H FY23).

Pilbara Minerals share price on watch following inaugural dividend

• Sales revenue of $2.18 billion, up 305% from the $292 million reported in 1H FY22
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) of $1.81 billion, up 1,091% year on year
• Statutory net profit after tax (NPAT) of $1.24 billion, up 989%
• Inaugural fully franked dividend of 11 cents per share

What else happened during the half year?

The Pilbara Minerals share price could also see some sizeable moves today on some other strong metrics.

That included an 83% year on year increase in production, with the ASX 200 lithium miner producing 309,255 dry metric tonnes (dmt) of spodumene concentrate over the six months. 286,876 dmt were shipped during the period, an increase of 68%.

The miner said it enhanced its output after adopting a production and marketing strategy focused on maximising sales volumes by “deliberately targeting a lower product grade to optimise product yield and maximise concentrate production”.

This all came on the back of a 305% lift in the average realised sales price Pilbara Minerals received, which came in at US$4,993/dmt ~ SC5.4 basis (CIF China).

As you’d expect, the surge in revenue saw a huge improvement in the company’s cash balance, which increased by $1.63 billion between 30 June and 31 December. At 31 December, the company had a net cash position of $2.08 billion.

What did management say?

Commenting on the results that have put the Pilbara Minerals share price on watch this morning, CEO Dale Henderson said:

This is an exceptional financial result… The strong cash generation from the Pilgangoora Project has further strengthened the company’s balance sheet, putting us in an enviable position with $2.23 billion in the bank as at 31 December 2022 – a $1.63 billion increase on the prior corresponding period…

This strong financial performance provides the Company a great platform, supporting our growth and diversification strategy to become a leading, sustainable battery materials supplier.

What’s next?

Looking at what might impact the Pilbara Minerals share price in the months ahead, Henderson said, “The company and its stakeholders are poised to continue to thrive. The combination of a world-class asset, operating expertise and team spirit is coming together and delivering into a growing market.”

Henderson ended on this optimistic note, “The stage is set for Pilbara Minerals to take massive growth steps in the months and years ahead. This is just the beginning.”

Pilbara Minerals share price snapshot

As you can see on the chart below, the Pilbara Minerals share price has been a strong performer, up 71% over the past 12 months.

We’ll wait and see how the market reacts to today’s results.

The post Pilbara Minerals share price on watch amid 989% profit surge appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today
• Broker says Pilbara Minerals share price is heading even higher
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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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The excitement of reporting season is nearly behind us. It is now the last few stragglers left to post their financials. This means a much quieter day for ASX shares reporting today compared to yesterday.

Nevertheless, there are still some important names in the lineup that are worth checking out. Each report could be a window of opportunity into the next investment. There can be incredible insights to glean from earnings season, so let’s make the most of it.

To help you on your merry way, here is a quick summary of today.

These ASX shares are releasing their results today

Ranked in order of market capitalisation (largest to smallest)

Accent Group Ltd (ASX: AX1), $1.2 billion

Allkem Ltd (ASX: AKE), $7.3 billion

Block Inc CDI (ASX: SQ2), $64.2 billion

Brambles Limited (ASX: BXB), $16.8 billion

Jumbo Interactive Ltd (ASX: JIN), $917.4 million

Mayne Pharma Group (ASX: MYX), $262.5 million

Mineral Resources Ltd (ASX: MIN), $16.2 billion

Perpetual Ltd (ASX PPT), $2.9 billion

What can we expect to see?

It’s time for another ASX buy now, pay later (BNPL) share to do the walk around the block. Afterpay acquirer, Block Inc CDI (ASX: SQ2), is set to post its fourth quarter and full-year earnings for FY2022 today.

Although, Aussie investors can already get a glimpse of the fintech giant’s numbers due to its US parent company already publishing the details earlier this morning.

By the looks, Block had a fairly solid performance in Q4. Total net revenue increased 14% year on year to US$4.65 billion and gross profits jumped 40% to US$1.66 billion. Furthermore, it appears the company’s BNPL segment assisted in boosting gross profit growth given Block’s comparables excluding this segment weren’t as strong.

However, like Zip Co Ltd (ASX: ZIP), Block reported steepening losses for the quarter and the full year. In Q4, net losses reached US$114 million compared to US$77 million a year prior.

A completely different ASX share that will be grabbing some attention today is lithium producer, Allkem.

The price of lithium began a swift move downwards from mid-November through to the end of the financial period. As such, shareholders will be nervously awaiting clarity on the extent of the impact of weakening lithium prices.

Earlier in the week, I covered the rumblings among analysts on the deteriorating lithium outlook. Fortunately, Allkem’s guidance could shed some light on the expected supply and demand dynamics.

The Allkem share price is now only slightly higher in 2023. On 30 January, shareholders were sitting on a tidy return of 27%, which has since largely disappeared.

Don’t forget to check back in throughout the day for our earnings coverage.

The post Earnings preview: Here are the ASX shares reporting on Friday appeared first on The Motley Fool Australia.

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More reading

• 4 ASX 200 mining shares to buy for takeover potential: expert
• Top brokers name 3 ASX shares to buy today
• Here’s the latest ‘bearish news’ from brokers on ASX 200 lithium stocks
• Why are ASX 200 lithium shares having such a stellar run today?
• Why is the Core Lithium share price rebounding 5% on Tuesday?

Motley Fool contributor Mitchell Lawler has positions in Block and Jumbo Interactive. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Jumbo Interactive, and Zip Co. The Motley Fool Australia has positions in and has recommended Block. The Motley Fool Australia has recommended Accent Group and Jumbo Interactive. 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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The good news for income investors is that there are a plenty of quality ASX dividend shares to choose from on the Australian share market.

Two that are rated as buys and tipped to offer huge dividend yields are listed below. Here’s what you need to know about these shares:

Charter Hall Long WALE REIT (ASX: CLW)

The first ASX dividend share that has been tipped to provide a big yield is the Charter Hall Long Wale REIT.

It is a property company that invests in high quality real estate assets that have long weighted average lease expiries (WALEs).

These properties certainly are in demand with end users, which are mainly corporate and government tenants. When the company released its half-year results, it reported a WALE of 11.8 years and a 99.9% occupancy rate.

Citi was pleased and has retained its buy rating with a $5.00 price target.

As for dividends, the broker is expecting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT unit price of $4.54, this will mean yields of 6.15% and 6.4%, respectively.

Woodside Energy Group Ltd (ASX: WDS)

Another ASX dividend share that analysts are expecting a big dividend yield from is Woodside Energy.

It is of course one of the world’s leading energy producer’s with a collection of world class assets across the globe.

A note out of Morgan Stanley reveals that its analysts are expecting the energy giant to pay fully franked dividends of $3.86 per share in FY 2022 and then $2.72 per share in FY 2023. Based on the current Woodside share price of $34.37, this equates to sizeable 11.2% and 7.9% dividend yields for investors.

Morgan Stanley has an overweight rating and $41.00 price target on the energy producer’s shares.

The post These ASX dividend shares offer huge yields: experts appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• My 3 best forms of passive income for 2023
• Should I buy Woodside shares before the ASX 200 energy giant reports next week?
• 5 things to watch on the ASX 200 on Wednesday
• Own Woodside shares? Here’s what the market is expecting from its full-year results

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. 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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