The Zip Co Ltd (ASX: ZIP) share price has come under pressure on Friday.

In morning trade, the buy now pay later (BNPL) provider’s shares are down 3% to 83.5 cents.

Why is the Zip share price falling today?

There have been a couple of catalysts for the weakness in the Zip share price this morning.

The first is broad weakness in the tech sector today following a poor night of trade on the NASDAQ index.

The tech-focused index lost 1.4% of its value during yesterday’s session. In response, the S&P ASX All Technology index is down 0.8% at the time of writing.

What else?

Also potentially putting pressure on the Zip share price this morning is news that the BNPL industry could be facing increased regulatory scrutiny in the United States.

Overnight, the U.S. Consumer Financial Protection Bureau (CFPB) revealed that it plans to subject BNPL lenders to the same vigorous oversight as credit card companies.

CFPB Director Rohit Chopra commented:

Buy Now, Pay Later is a rapidly growing type of loan that serves as a close substitute for credit cards. We will be working to ensure that borrowers have similar protections, regardless of whether they use a credit card or a Buy Now, Pay Later loan.

The CFPB also took aim at the way BNPL companies are harvesting customer data. It said:

Many Buy Now, Pay Later lenders are shifting their business models toward proprietary app usage, which allows them to build a valuable digital profile of each user’s shopping preferences and behavior. The practice of harvesting and monetizing consumer data across the payments and lending ecosystems may threaten consumers’ privacy, security, and autonomy. It also may lead to a consolidation of market power in the hands of a few large tech platforms who own the largest volume of consumer data, and reduce long-term innovation, choice, and price competition.

In light of the above, the CFPB intends to identify potential interpretive guidance or rules to issue with the goal of ensuring that BNPL lenders adhere to many of the baseline protections that are already established for credit cards.

The post Why is the Zip share price ending the week in the red? appeared first on The Motley Fool Australia.

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More reading

• Look who just landed more than $2 million worth of Zip shares
• Why is the Zip share price plummeting 7% on Wall Street woes
• Why are ASX 200 shares tumbling like dominos on Wednesday?
• Here are the top 10 ASX 200 shares today
• Why this fundie reckons the Zip share price is a falling knife

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 positions in and has recommended ZIPCOLTD FPO. 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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Headed by Steve Johnson, Forager Funds aims to invest in undervalued businesses, holding them within a concentrated portfolio, for the long term.

Since inception in October 2009, the Forager Australian Shares Fund (ASX: FOR) has handily out-performed its benchmark, gaining 9.25% per annum versus 7.79% for the All Ordinaries Total Accumulation Index (ASX: XAOA).

In its August 2022 monthly update, the fund says that although most of corporate Australia is on high alert – with expectations high inflation, higher interest rates and falling house prices must eventually curtail consumer spending – there is no sign of a consumer strike just yet.

“While there is a justifiably high level of concern, record low unemployment, increasing wages and high levels of savings from the past few years are allowing Australian consumers to keep spending.”

“We are not expecting that to continue but the amount of pessimism baked into share prices back in June provided shareholders with a lot of room for profits to fall.”

The fund goes on to call out two ASX shares that are susceptible to an economic slowdown, yet which still trade at very attractive prices.

Forager notes motorcycle and accessories retailer MotorCycle Holdings Ltd (ASX: MTO) is exposed to the most discretionary part of consumer spending, with its most profitable business being the sales of Ducati and Harley-Davidson motorbikes, typically optional purchases.

The fund says that although the MotorCycle Holdings share price is up more than 30% from its June lows, the roughly six times profit multiple it trades at today, and 8% fully-franked dividend yield, should prove attractive for long-term investors.

While share prices in the advertising sector were “absolutely walloped” in anticipation of a slowdown in economic activity, Forager notes the recent earnings season hasn’t shown much evidence of a slowdown, with industry data suggesting August and September will be strong.

Forager says that although the Seven West Media Ltd (ASX: SWM) share price has risen over 50% from its June lows, the shares are trading at around four times last year’s profits, “a level you would normally associate with a Russian telecommunications company”.

The post Leading value fund Forager names two ASX shares trading at dirt cheap prices appeared first on The Motley Fool Australia.

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• ‘A very good deal’: Expert names 2 ASX shares to buy for CHEAP now
• Seven West share price lifts on new record AFL deal
• Broker names 2 small cap ASX shares to buy in September

Motley Fool contributor Bruce Jackson 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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It’s been an eventful week for ASX dividend investors, and not just because of the wipeout we saw on Wednesday.

Numerous companies in the S&P/ASX 300 Index (ASX: XKO) have seen their shares turn ex-dividend this week. And many others have started delivering dividend payments to shareholders’ accounts.

On Monday, two more ASX 300 shares will be taking away entitlements to their upcoming dividend payments. 

In other words, investors will need to hold shares in these companies by the time the market closes today in order to be eligible to receive their latest dividends.

Let’s check out these two ASX 300 shares going ex-dividend on Monday.

Qube Holdings Ltd (ASX: QUB)

Today will be the final day to get your hands on the latest dividend from this ASX 300 logistics company.

Qube recently handed in its FY22 results, declaring a final ordinary dividend of 3.3 cents along with a special dividend of 0.7 cents. These dividends are fully franked and will be paid on 18 October.

Qube’s special dividend was fuelled by the $1.7 billion sale of its interests in the Moorebank Logistics Park, along with the company’s positive earnings outlook.

In FY22, Qube achieved solid revenue and earnings growth through both organic and acquisitive avenues. Underlying revenue leapt 27% to $2.6 billion while underlying net profit after tax (NPAT) jumped 30% to $186 million.

These results were helped by higher volumes across most of the company’s core markets, including containers, grain, steel, most mining bulk commodities, and general cargo.

Across the financial year, Qube declared total dividends of 7 cents, fully franked, up 17% from 6 cents in FY21.

The company also returned a further $400 million to shareholders through an off-market share buyback. 

Based on current prices, Qube shares are spinning up a trailing dividend yield of 2.5%. With the benefit of franking credits, this yield bumps up to 3.5%.

Service Stream Limited (ASX: SSM)

Service Stream is the other ASX 300 share going ex-dividend on Monday. 

The network services business released its FY22 results last month, resuming dividend payments by declaring a fully franked final dividend of 1 cent. It will be paid on 5 October.

In what Service Stream described as a “transformational year”, the company delivered total revenue of $1.6 billion, up 95%, amidst a challenging operating environment.

While undoubtedly eye-catching at first glance, this near-doubling in revenue was driven by the acquisition of Lendlease Services. 

Last year, Lendlease Group (ASX: LLC) sold its services business to Service Stream for $310 million. The acquisition was completed on 1 November 2021, so Service Stream’s FY22 results include 8 months’ contribution from the deal.

Excluding Lendlease Services, Service Stream grew its legacy revenue by 3% across the year to $827 million.

Across the group, earnings before interest, tax, depreciation, and amortisation (EBITDA) from operations lifted 14% to $91 million. However, adjusted NPAT went backwards, falling 19% to $31 million.

Nonetheless, the ASX 300 share said its strong post-acquisition operating and cash flow results supported a resumption in dividends.

Prior to this, the last time Service Stream paid a dividend was in the first half of FY21. 

Service Stream shares are currently sitting on a trailing dividend yield of 1.3%, which grosses up to 1.9% including franking credits.

The post These ASX 300 shares are trading ex-dividend on Monday appeared first on The Motley Fool Australia.

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More reading

• ‘Incredibly cheap’: Fundie reveals 3 ASX shares he’d buy right now
• Here are the top 10 ASX 200 shares today
• Qube share price bounces 6% as dividend delights
• Why Credit Corp, Endeavour, Kogan, and Service Stream shares are dropping
• Service Stream share price crashes 19% on ‘challenging’ FY22

Motley Fool contributor Cathryn Goh 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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Australian rich lister and chair and founder of S&PASX 300 Index (ASX: XKO) packaging company Pact Group Holdings Ltd (ASX: PGH) Raphael Geminder has been on a spending spree this month. The billionaire has forked out more than $9.3 million to indirectly buy additional shares in the company on the market.

Assumably, Geminder has been taking advantage of recent weakness in the Pact Group share price.

The ASX 300 and All Ordinaries Index (ASX: XAO) constituent has dumped nearly 25% of its value since this time last month. The Pact Group share price last traded at $1.65.

For context, the ASX 300 and the All Ords have each dropped close to 3% in that time.

Let’s take a closer look at the ASX 300 insider’s latest purchases and the company’s shares’ recent suffering.

ASX 300 insider forks out $9m on company’s shares

Geminder is seemingly confident in the future of the Pact Group share price, indirectly investing an additional $9.3 million to buy an extra 5.7 million of the company’s shares.

That represents an average price of around $1.64 for each share bought across six transactions.

Indeed, the parcel of shares attributed to the billionaire grew every trading day between 6 September and 13 September, according to ASX disclosures.

Germinder-led investment firm Kin Group was behind the buying.

Germinder, who is reported to have a net wealth of $1.45 billion – placing him at number 92 on the Australia Financial Review’s 2022 Rich List – now backs approximately 166.67 million shares in the ASX 300 company, representing a 48% stake.

The buying spree comes after the Pact Group share price plummeted on the back of the company’s full-year earnings.

The ASX 300 company’s share price plunged 9% after it revealed its after-tax profits had tumbled 25% to $70 million in financial year 2022.

It also took a knife to its annual dividend payout, slashing it 55% to 5 cents per share.

The post Guess which rich lister has loaded up on $9m of their ASX 300 company’s shares this month appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares trading ex-dividend tomorrow
• ASX reporting season weekly wrap: Winners and losers
• Pact Group share price tumbles on 25% profit decline and halved dividends in FY22

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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The CSL Limited (ASX: CSL) share price is in the red for 2022. Should investors now view it as an opportunity?

As one of the ASX’s largest businesses, what happens to CSL can have a sizeable impact on the S&P/ASX 200 Index (ASX: XJO).

Despite the business benefiting from a strong performance from its vaccine business in FY22 (with 13% revenue growth), it actually saw its net profit after tax (NPAT) fall to $2.25 billion, a fall of 6% in constant currency terms.

What went wrong?

One of CSL’s biggest ever profits is not exactly a disaster. But, with the tailwinds that the healthcare industry has (such as ageing demographics), investors may have been hoping for a positive year considering the revenue increased by 3%.

Management said the profit was at the top end of its guidance, but that its performance was as expected in a difficult global environment.

Part of the equation was that there was “significant growth” in its research and development spending. While it’s a cost in the short term, it can unlock future profit generation.

The company noted that in FY21, its plasma collections were impacted by the pandemic, which limited its sales of core plasma therapies in FY22, given the “long-term nature” of its manufacturing cycle.

It also said that as the 2022 financial year progressed, it grew collections significantly, though at a higher cost. Collections grew by 24%, which it expects will “underpin strong sales growth in its core plasma products.”

How will the CSL share price turn around?

Management is confident that things are going to be better in FY23. The CSL CEO and managing director Paul Perreault said:

We have continued to invest in all facets of our business and I am very encouraged by the improved momentum we are seeing in our core Ig franchise.

The strong growth we have seen in plasma collections is anticipated to continue as COVID recedes and underpin strong future sales growth in our core plasma therapies. The current higher cost of plasma is also expected to prevail into FY23.

We anticipate our influenza business, CSL Seqirus, to deliver another strong year driven by demand for its differentiated products.

CSL’s net profit after tax for FY23 is anticipated to be approximately $2.4 billion to $2.5 billion at constant currency, returning to strong sustainable growth.

Fund manager believes in the future

Some experts are still backing the CSL share price in their portfolios. For example, Wilson Asset Management analyst Anna Milne on a recent webinar, according to Livewire, made the following comments about CSL when talking about three ASX shares:

All three of these names are the highest quality names in their respective sectors.

CSL is arguably one of the highest quality names on the ASX, given its defensive earnings profile over the coming decade.

…their turnarounds are just starting to happen. When companies have been through tough periods and they’re coming out of them, it’s the perfect recipe for us. You have the earnings upside, and then you also have the sentiment. So that’s positive for both valuation and earnings, which translates to higher share prices.

Another reason to be positive about CSL is the new Rika device, which is more comfortable for patients to extract plasma and quicker for staff to use.

CSL share price snapshot

CSL shares have fallen 4% since 8 September 2022.

The post The CSL share price has gone backwards in 2022. Could a turnaround be ‘just starting to happen’? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 better buy: Cochlear or CSL shares?
• The CSL share price dips as the ASX 200 dives on Wednesday
• Can the CSL share price regain its 52-week high in 2022?
• Experts name 2 blue chip ASX shares to buy that Warren Buffett would love
• The CSL dividend just got updated. How much will you be getting?

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 positions in and has recommended CSL Ltd. 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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Attention Whitehaven Coal Ltd (ASX: WHC) shareholders! You might want to check your bank account today.

The day has come for the ASX 200 coal miner to pay out its biggest-ever final dividend in the company’s history.

A fully franked dividend of 40 cents per share should have landed if you scooped up Whitehaven shares before the ex-dividend date.

But if you missed out on buying its shares before 1 September, there’s nothing to fret about.

The company’s shares touched a record high of $8.96 yesterday, up 12% since the start of this month.

Let’s take a look below at the details regarding the Whitehaven dividend.

Whitehaven dividend leaves the coal mine

What a year it has been for Whitehaven’s books.

The company reported record numbers across key metrics in its full-year results for the 2022 financial year.

Revenue jumped 216% year-on-year (YoY) to $4.92 billion following unprecedented global demand for coal.

On the bottom line, Whitehaven booked a net profit after tax (NPAT) of $1.95 billion compared to a $543.9 million loss in FY21.

Nonetheless, the biggest win for shareholders came from the board’s decision to significantly ramp up the final dividend.

This takes the full-year dividend to 48 cents per share, representing a 52% increase on the prior corresponding year.

In addition, the company is continuing to increase shareholder value by completing its $550 million share buyback programme.

And Whitehaven is likely to ask shareholders for another round of buybacks at this year’s annual shareholder meeting next month.

Indeed, this could bode well for the share price over the medium term.

Based on yesterday’s closing price of $8.87, Whitehaven has a trailing dividend yield of 5.41%.

Whitehaven share price snapshot

Energy prices, in particular coal has soared to record levels this year which has created significant tailwinds for Whitehaven.

The company’s shares are up 240% in 2022 and could go further if coal prices continue to steam ahead.

Whitehaven is ASX’s second biggest pure-play coal producer with a market capitalisation of approximately $8.11 billion.

Yancoal Australia Ltd (ASX: YAL) is in first place, valued slightly ahead at $8.65 billion.

The post Own Whitehaven shares? Here’s some good news on your dividends appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why are ASX 200 coal shares breaking records yet again?
• Whitehaven share price rallies to new all-time high on Thursday
• Why Clover, Select Harvests, Whitehaven Coal, and Woodside shares are storming higher
• How this fundie is beating the ASX 300 without fossil fuels

Motley Fool contributor Aaron Teboneras 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 Australian Pacific Coal Ltd (ASX: AQC) share price closed down 7% yesterday.

Yet shares in the microcap ASX coal miner remain up an eye-popping 331% since this time last month. Even more noteworthy for a month that saw the All Ordinaries Index (ASX: XAO) fall 4%.

So, what’s going on?

What’s driving ASX investor interest?

Australian Pacific began its near vertical ascent on 22 August, gaining 193% over the first two trading days of that week.

Now certainly, the ASX energy share has been a beneficiary of soaring coal prices. Newcastle coal has been trading near all-time highs, currently priced just north of US$444 per tonne.

But that’s not what sent the Australian Pacific Coal share price through the roof.

That initial impetus looks to have been after Australian Pacific reported it had received a non-binding alternative proposal from Naveko Pty Ltd for the sale of its Dartbrook coal project, located in New South Wales.

The miner had previously received an offer for the asset in April from Trepang Services Pty Ltd.

In regards to the Naveko proposal, the miner said at the time that the offer was “conditional” requiring “further consideration”.

The Australian Pacific Coal share price continued to climb over the month and again soared higher on Wednesday of this week, closing the day up 33%.

This came after the miner updated the market on its fully underwritten 5.83 for 1 renounceable entitlement offer. The company provided shareholders with the specific details in its entitlement offer booklet.

The miner also updated the market on its Dartbrook project, reporting it had entered into a non-binding agreement with M Resources Pty Ltd “with respect to a proposed 50:50 joint venture for the operation of the Dartbrook mine and for potential future mine management services at the Dartbrook mine”.

Australian Pacific Coal share price snapshot

With shares having trended lower heading into August, the Australian Pacific Coal share price is ‘only’ up 229% in 2022. That compares to a year-to-date loss of 11% posted by the All Ordinaries.

The post Australian Pacific Coal share price soars 331% in a month. What’s going on? appeared first on The Motley Fool Australia.

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More reading

• Here are 2 ASX mining shares that went absolutely gangbusters today
• Australian Pacific Coal share price surges 28% on takeover news
• Why has this ASX energy share surged 196% since the start of the week
• Guess which little-known ASX coal share just rocketed 100%

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Although it won’t be the direct beneficiary of a big pile of federal spending on electric vehicle (EV) infrastructure, Tesla, Inc. (NASDAQ: TSLA) attracted quite a few bulls on Thursday. On news of a sprawling (and expensive) project to build out EV charging stations throughout the U.S., shares of the popular EV maker inched 0.4% higher. That was in favorable contrast to the more than 1% slump of the S&P 500 index on the day.

So what

On Wednesday, President Biden announced that the federal government would disburse $900 million to 35 U.S. states to establish a network of EV charging stations. That funding will be part of the $1 trillion Bipartisan Infrastructure Law passed last year.

The following day, investors sensibly plowed into stocks of companies directly or closely involved with charging infrastructure — ChargePoint Holdings and Blink Charging were obvious plays, among others.

The knock-on effects of this big initiative are also obvious for the companies that manufacture the EVs themselves, and Tesla is the top selection among this crowd. The bellwether for the segment is a pure-play, in contrast to domestic incumbents like General Motors and Ford, which are currently in the midst of fairly long-tail transitions away from internal combustion engine (ICE) vehicles.

Now what

A heaping pile of money for charging stations isn’t an automatic knock-on win for Tesla, to be sure. Investors are well aware that General Motors, Ford, and the other incumbents aren’t going to let the company own the EV segment. We can say the same for up-and-coming rivals such as China’s Nio.

So yes, this latest development is good for Tesla. Let’s see how effectively the company can ride it.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla thumped the market today appeared first on The Motley Fool Australia.

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More reading

• Why Tesla shares popped today
• Why Tesla stock dropped today
• Better buy: Tesla stock or a Nasdaq index fund?
• Why Tesla shares moved higher today
• Where does Tesla get its lithium and do any ASX shares benefit?

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tesla. 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The volatility on the ASX share market is picking up. I like investing at times like this because it means we can pick up ASX dividend shares at cheaper prices and get bigger dividend yields as well.

When a share price drops, the projected dividend yield increases. For example, if a business had a dividend yield of 5% and then the share price drops by 10%, the dividend yield would increase to 5.5%.

That’s the sort of thing that is happening to plenty of ASX dividend shares this year. So I think it’s worthwhile looking at some names that have been sold off heavily.

Accent Group Ltd (ASX: AX1)

Accent is one of the largest shoe retailers in Australia. It owns a number of its own businesses and brands, while also being the distributor for others.

Some of the names in the portfolio that it sells include CAT, Dr Martens, Glue Store, Hoka, Hype, Kappa, Merrell, Nude Lucy, Pivot, Skechers, Vans, The Athlete’s Foot and Stylerunner.

Everyone needs shoes. So I think this business might be a little more resilient than some investors are thinking, considering the Accent share price has fallen by over 40% this year.

According to CMC Markets, Accent could pay an annual dividend of 9.4 cents per share. This would translate into a grossed-up dividend yield of 9.7%.

Accent is planning to grow its profit in a number of ways. This includes opening more stores, growing online sales, being more efficient and benefitting from operating leverage.

At the current Accent share price, it is valued at 12x FY23’s estimated earnings according to CMC Markets.

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is one of the largest retailers in Australia. It has three businesses – JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys.

The business has done well during the COVID-19 period. But I think it can continue to do quite well as conditions normalise because people will continue buying things like phones, computers and appliances. They may all be seen as essentials these days.

FY22 saw total sales rise by 3.5% to $9.2 billion and net profit after tax (NPAT) increase 7.7% to $545 million. In July 2022, JB Hi-Fi Australia sales increased 9.7% and The Good Guys sales went up 7.8%.

According to CMC Markets, JB Hi-Fi is projected to pay an annual dividend per share of $2.45. This translates into a forward grossed-up dividend yield of 8.5%. It’s valued at 11x FY23’s estimated earnings according to CMC Markets.

The post 2 ASX dividend shares with yields over 6% right now appeared first on The Motley Fool Australia.

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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 recommended Accent Group and JB Hi-Fi Limited. 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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Do you own shares of Argo Investments Limited (ASX: ARG)? If you do, congratulations.

It’s set to be a good day for Argo shareholders, despite what the market might do. That’s because it’s dividend payday for Argo.

Argo is one of the oldest listed investment companies (LICs) on the ASX, having opened its doors way back in 1946. It has some considerable ASX pedigree, having been once chaired by the Australian cricketing legend Sir Donald Bradman. It also has a strong record of paying dividends throughout all 76 years of its history.

Despite the rise of the exchange-traded fund (ETF), Argo is still going strong today. Like most LICs, this company invests its capital on behalf of its shareholders. Argo holds a broad and diversified portfolio of ASX shares.

As of its latest update covering August 2022, its top five holdings were Macquarie Group Ltd (ASX: MQG), BHP Group Ltd (ASX: BHP), CSL Limited (ASX: CSL), Commonwealth Bank of Australia (ASX: CBA), and Wesfarmers Ltd (ASX: WES).

What is Argo shares’ final dividend worth?

But let’s get down to the dividend. So last month when Argo announced its FY22 full-year earnings results, the LIC declared a final dividend of 17 cents per share, fully franked as is typical with Argo. That represented a pleasing 21.4% increase over last year’s final dividend of 14 cents per share.

It’s also higher than the 16 cents per share interim dividend investors received back in August. It brought Argo’s dividend total for FY22 to 33 cents per share, another happy rise from FY21’s total of 28 cents.

Argo shares traded ex-dividend for this latest payment back on 26 August. But, hallelujah, today happens to be payday. Yes, Argo investors will receive the final 17 cents per share payment today.

Investors will either take delivery of the cash or, if they’ve opted into the LIC’s dividend reinvestment plan (DRP), additional shares in the company.

At yesterday’s closing share price, this dividend gives Argo a dividend yield of 3.62% (or 5.16% grossed-up with the full franking).

The post Own Argo Investments shares? Get ready to receive your dividends appeared first on The Motley Fool Australia.

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More reading

• Why did the WAM Capital share price outperform its sector today?
• How do Argo shares measure up to other LICs like AFIC?

Motley Fool contributor Sebastian Bowen 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 positions in and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited. 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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