S&P/ASX 200 Index (ASX: XJO) energy shares are well into the red in lunchtime trading.

At the time of writing, the ASX 200 has edged back from earlier losses and is just 0.09% lower.

While the S&P/ASX 200 Energy Index (ASX: XEJ) has also made up some lost ground from earlier in the morning, the energy index remains down 1.23%.

The Santos Ltd (ASX: STO) share price has fallen in line with the energy index, down 1.22%, while rival ASX 200 energy share Woodside Energy Group Ltd (ASX: WDS) is down 1.94%.

Why are ASX 200 energy shares underperforming today?

ASX 200 energy shares are under pressure today after another drop in crude oil prices.

International benchmark Brent crude dropped below US$100 per barrel for the first time since February, currently trading for US$99.06 per barrel. This time last month that same barrel was worth US$122.27.

While the forces that drove energy costs higher are still in play, counter forces have been pulling prices lower.

The biggest headwind for oil prices is the potential for a significant dip in demand.

Investors are keeping a close eye on the resurgent pandemic in China, where COVID cases are again on the rise. Should China, the world’s most populous nation and second-biggest economy, reinstate strict lockdowns in its major cities, demand for oil and related fossil fuels will decrease.

Another area of concern is the United States. Economists are concerned the world’s largest economy could be heading for a recession amid aggressive interest rate hikes to tame soaring inflation.

Yet oil prices, and ASX 200 energy shares, could be in for another leg up amid continued tight supplies.

Global energy crisis could get worse

International Energy Agency (IEA) executive director Fatih Birol said that energy demand may continue to outpace supply for some time. “We might not have seen the worst of it yet,” he said.

Among the supply issues, the US, one of the world’s top oil producers, lowered its own crude oil growth forecast through 2023, with a tight labour market and inflation impacting the sector.

While the US administration is hoping that OPEC can fill some of the void left by bans on Russian oil exports, Saudi Arabia and the United Arab Emirates are the only members said to have significant spare capacity.

Markets analyst at Hargreaves Lansdown Susannah Streeter pointed to ongoing concerns around Russia as potentially continuing to distort energy markets (quoted by Yahoo News):

Although deteriorating growth in economies would be a downwards force on the oil price, fresh attempts to limit Russia’s financial power, by imposing a price cap on its crude exports, could distort markets further adding to volatility.

Investors in ASX 200 energy shares will be watching these developments closely.

The post Why are ASX 200 energy shares underperforming today? appeared first on The Motley Fool Australia.

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More reading

• Is the Santos share price in bargain territory for FY23?
• Can the second half of 2022 be even better for the Woodside share price?
• How does the Woodside dividend compare to Santos over the last 5 years?
• 5 things to watch on the ASX 200 on Wednesday
• What’s the outlook for ASX 200 energy shares in FY23?

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 IOUpay Ltd (ASX: IOU) share price is rocketing after the company announced multiple “important milestones” for its instalment-based consumer finance product suite’s development.

IOUpay’s MyIOU Islamic – announced last month – has had two major wins.

At the time of writing, the IOUpay share price is 8.4 cents, 16.67% higher than its previous close.

Let’s take a closer look at today’s news from the South East Asia-focused fintech company.

IOUpay share price gains on MyIOU Islamic wins

It’s turned out to be a big day for the IOUpay share price.

Its day in the sun followed an update of the company’s plan to offer BNPL products consistent with Shariah principles and the practices of Islamic finance.

The offering is expected to give the company access to new markets in Malaysia and other South East Asian nations with large Islamic populations.

Certification of Shariah Compliance

Firstly, the company has been granted certification of Shariah Compliance by independent global Shariah advisory firm, Tawafuq Consultancy.

The certification is expected to allow the product access to Islamic financing and BNPL opportunities within industry best practices for Shariah principles.

Following the win, the company is looking to offer both conventional and Islamic financing. That requires partitioning of the myIOU portfolio, separate documentation, and an Islamic bank account for all Shariah compliant transactions.

It also requires the platform to integrate with an Islamic payment gateway. Fortunately, IOUpay has also entered an agreement to do just that.

Islamic payment gateway integration

The second major update regards a merchant acquiring services agreement signed between IOUpay Asia and PayHalal.

Under the agreement, PayHalal can acquire and refer merchants that follow Shariah principles who want to offer customers BNPL options consistent with Shariah principles and the practices of Islamic finance to IOUpay Asia.

PayHalal’s payment gateway has already been integrated into the myIOU BNPL platform.

IOUpay share price snapshot

Its been a rough year for ASX BNPL shares so far, and the IOUpay share price hasn’t escaped the downturn.

The company’s stock has slipped nearly 47% since the start of 2022. It has also plunged 66% since this time last year.

The post IOUpay share price jumps 17% on ‘important milestones’ for BNPL offering appeared first on The Motley Fool Australia.

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More reading

• IOUpay shares issued a speeding ticket after rocketing 55% today. What happened?

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 Santos Ltd (ASX: STO) share price is having a poor day on Wednesday.

In morning trade, the energy producer’s shares are down 1% to $6.89.

This means the Santos share price is now down 7% since the start of the financial year.

Where next for the Santos share price in FY23?

While the Santos share price may have started the new financial year in poor form, one leading broker believes that could change.

According to a note out of Morgans, the broker has retained its add rating but trimmed its price target to $9.30.

This implies potential upside of 35% for investors over the next 12 months from current levels.

What did the broker say?

While Morgans is cautious on the near term, it believes that recent weakness has created a buying opportunity for investors.

It commented:

Our conviction level on the short-term direction of oil prices is at a 2-year low. This uncertainty is not driven by any breakdown in oil market fundamentals, but rather the risk to prices that can be delivered by faltering sentiment on demand.

This is due to concerns about global economic growth and “China’s ability to defend itself against COVID.”

While the above factors could well dent some 2H22 demand growth expectations we also see there being a reasonable probability that equity markets overreact moving ahead of any further volatility. Which could generate new buying opportunities at more attractive levels.

Where are oil prices heading?

Ultimately, whether the Santos share price rises or falls will be largely down to what happens with oil prices.

The good news is that Morgans is now forecasting higher oil prices over the coming years. It explained:

We have made a number of upgrades to our oil price forecasts. 2022 now US$102/bbl (was US$91/bbl), 2023 now US$89.5/bbl (was US$78/bbl), 2024 now US$78.5/bbl (was US$66/bbl), 2025 now US$68/bbl (was US$62/bbl), 2026 now US$65/bbl (was US$62/bbl), and a new long-term real price assumption of US$ 65/bbl (was US$62/bbl).

Overall, the future looks reasonably bright for the Santos share price based on these assumptions and its growth opportunities.

The post Is the Santos share price in bargain territory for FY23? appeared first on The Motley Fool Australia.

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More reading

• How does the Woodside dividend compare to Santos over the last 5 years?
• 5 things to watch on the ASX 200 on Wednesday
• What’s the outlook for ASX 200 energy shares in FY23?
• Worley shares dip despite deal with Santos
• 5 things to watch on the ASX 200 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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ASX fintech shares may be on course for a solid FY23, according to some experts.

2022 has been a rough year for some of the biggest players in the financial technology space.

For example, since the start of the year the Netwealth Group Ltd (ASX: NWL) share price has fallen by around 33%, Hub24 Ltd (ASX: HUB) shares have dropped 22%, the EML Payments Ltd (ASX: EML) share price has fallen around 70%, and Tyro Payments Ltd (ASX: TYR) shares have plunged 77%.

Ouch.

Investors might be able to pin a lot of the decline on two factors – inflation and rising interest rates.

Inflation matters because it can increase costs for a business (such as wages, rent, and other costs). It can also reduce the ability of some customers to pay. Rising interest rates can lead to higher interest rate costs. But the biggest factor could be what it does to valuations.

Billionaire founder of Bridgewater Associates Ray Dalio once said about interest rates:

It all comes down to interest rates. As an investor, all you’re doing is putting up a lump sum payment for a future cash flow.

In theory, higher interest rates reduce today’s value of an asset. Valuations of businesses that are expected to grow a lot in the coming years are meant to be ‘discounted’ more to get to today’s value (when interest rates rise). That’s why ASX growth shares are generally getting hit harder during this sell-off.

While some ASX fintech shares have been continuing to grow their businesses, it will be interesting to see what they report for the next quarter and for FY22.

Recent example of growth

When Netwealth made an announcement regarding how interest rate changes may affect the business, it said that net inflows for April were approximately $90 million, which was “marginally below” expectations.

The company put the performance down to a combination of COVID-related absenteeism and the impacts of volatile markets and investor sentiment, relating to geopolitical events and interest rate speculation. However, it did say that it expects “seasonally strong inflows” for May and June. It changed its FY22 net inflow guidance to “exceed $13 billion for FY22”.

However, the company said that it remains “very positive” about the ongoing transition of clients and the new business pipeline which continues to be “very supportive” of funds under administration (FUA) growth in FY23.

Hub24 is a fairly similar business and it’s also seeing ongoing inflows. The company noted it had $51 billion of platform FUA and this could reach up to $92 billion over the next couple of years, according to the company. Management said that strong momentum is expected to see all earnings drivers continue to improve.

ASX fintech shares like EML, Hub24, and Netwealth can benefit from higher interest rates as they earn money on the cash that they hold on deposit for their customers.

Broker ratings

Credit Suisse rates Hub24 as a buy, with a price target of $35. That implies a rise of around 50%. It’s the pick of the sector for this broker.

The broker also rates Netwealth as a buy, with a price target of $15.70. That implies a possible rise of around 30%.

UBS rates EML as a buy, despite the upheaval and recent leadership change at the company. The broker’s price target is $2.10 – suggesting the EML share price could more than double from here.

Morgans rates Tyro as a buy, with a price target of $1.62. That also implies that the Tyro share price could more than double from here.

The post Is FY23 going to be a winning year for ASX fintech shares? appeared first on The Motley Fool Australia.

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More reading

• These were the best (and worst) performing ASX 200 sectors of FY22
• Why Costa, Domino’s, EML, and Novonix shares are dropping
• Here are the 3 most heavily traded ASX 200 shares on Monday
• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
• EML share price sinks 18% amid CEO’s unexplained departure

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 EML Payments, Hub24 Ltd, Netwealth, and Tyro Payments. The Motley Fool Australia has positions in and has recommended EML Payments, Hub24 Ltd, and Netwealth. The Motley Fool Australia has recommended Tyro Payments. 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 Galileo Mining Ltd (ASX: GAL) share price is seeking direction today.

Shares in the ASX resource explorer closed yesterday at $1.23 and are currently trading for $1.21. That puts shares down 1.6% at the time of writing after opening 2% higher.

This comes after the miner reported on a fresh round of promising drill results.

What results did Galileo announce?

The Galileo share price is dipping into the red despite a positive update. The news is regarding its second reverse circulation (RC) drill campaign at Galileo’s Callisto discovery at the Norseman project in Western Australia.

The miner has completed 11 new drill holes. It reports that all 11 holes intersected disseminated sulphide mineralisation similar to what was intersected in its first round of drilling. Assays show the sulphide layer to be associated with palladium, platinum, gold, rhodium, nickel and copper metal.

According to the release, mineralisation is open in all directions and dipping to the east further onto Galileo’s granted mine lease.

Galileo managing director Brad Underwood commented on the fresh results:

The results again confirm the consistency of the geology over the target area and all drill samples are now at the laboratory for analyses with assays expected in August.

A new Program of Works has been approved by the Department of Mines which allows us to complete wide-ranging drill programs along two kilometres of prospective strike length. Preparation for the next round of drilling will now begin and we expect to have RC drilling commencing again in late July, followed by diamond drilling in August.

With a nod to the costs involved in the ongoing exploration, Underwood adds, “Our recent well-supported capital raise means we are fully funded to undertake the significant amount of drilling required to define a discovery of this nature.”

Galileo share price snapshot

The Galileo share price has been a top performer for 2022 since lifting off in early May.

Year to date shares in the ASX resource explorer are up 432%. For context, that compares to a calendar year loss of 15% posted by the All Ordinaries Index (ASX: XAO).

The post Up 430% in 2022, Galileo share price wobbles today despite strong drill results appeared first on The Motley Fool Australia.

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More reading

• Why is the Galileo Mining share price galloping 17% higher today?
• What’s behind the frozen Galileo Mining share price today?
• Why Beach, BHP, Bubs, and Galileo Mining shares are sinking
• Here’s why the Galileo Mining share price is charging higher today

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 Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is trading lower on Wednesday morning.

At the time of writing, the ANZ share price is down 1% to $22.47. This compares to modest declines by the rest of the big four banks.

Why is the ANZ share price falling?

Investors have been selling down the ANZ share price this morning after the bank finally confirmed speculation that it is interested in making a major software acquisition.

According to the release, the banking giant is currently in discussions with private equity firm Kohlberg Kravis Roberts & Co. (KKR) about a potential acquisition of MYOB.

MYOB is a leading business platform provider taking on QuickBooks and Xero Limited (ASX: XRO). It delivers end-to-end business and accounting solutions direct to businesses employing between 0 and 1000 employees, alongside a network of accountants, bookkeepers and consultants.

Based on the ANZ share price performance, it appears as though not everyone is convinced that this is the right move by the bank.

What’s the latest?

The release reveals that discussions between ANZ and KKR are ongoing and the parties have yet to reach an agreement in relation to the acquisition. In light of this, the bank has warned that there is no certainty it will proceed.

However, should the transaction proceed, it would be subject to regulatory approvals. This includes approvals from the Australian Competition and Consumer Commission (ACCC) and the New Zealand Overseas Investments Office.

ANZ advised that it will make an announcement to the market if the negotiations are successfully completed and an agreement is entered into.

How much would ANZ pay for MYOB?

No details have been provided in respect to a potential acquisition price. However, it is worth noting that KKR paid $2.4 billion to acquire MYOB in 2019. So, it certainly won’t be small acquisition.

Furthermore, Xero has a market capitalisation of $12.75 billion on revenue of ~A$1 billion during the 12 months to 31 March.

MYOB reported revenue of approximately $500 million for calendar year 2021.

The post ANZ share price drops amid MYOB takeover talks appeared first on The Motley Fool Australia.

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More reading

• Are falling BNPL shares pushing the ASX banks higher today?
• Here are the 5 best ASX 200 bank shares of FY22
• ANZ shares offer the best dividend yield of the big four in July
• Why did the ANZ share price plunge 22% in FY22?
• Here are 2 ASX 200 dividend shares analysts rate as buys

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 Xero. The Motley Fool Australia has positions in and has recommended Xero. 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 Regis Resources Limited (ASX: RRL) share price had a tough financial year. However, it is bouncing back at the start of FY23 following strong gold production results in the June quarter.

This ASX gold explorer’s shares descended from $2.39 at market open on 1 July 2021 to $1.30 at market close on 30 June 2022. This is a nearly 46% fall. In today’s trade, the Regis Resources share price is rising 0.68%.

Let’s take a look at how this ASX gold explorer performed during the year.

Share price falls

The Regis Resources share price fell in FY22, but it was not alone among ASX gold explorers. The Evolution Mining Ltd (ASX: EVN) share price dropped nearly 48% between market open on 1 July 2021 and 30 June 2022.

Regis explores gold in the north eastern goldfields in Western Australia and the central western area of New South Wales.

In January, the Regis share price suffered amid a negative note out of Goldman Sachs. The broker retained a sell rating and cut the price target on the company’s shares to $1.90.

The company’s share price also fell following an update on its FY22 guidance. Production guidance was cut to between 420,000 to 475,000 ounces of gold, down from 460,000 to 515,000 ounces.

In early April however, Regis shares benefited from a positive broker note released by Credit Suisse. Analysts maintained an outperform rating and lifted the price target on the company’s shares.

In May, Regis shares were among the top most shorted stocks on the ASX. As my Foolish colleague Zach reported, this short interest may have been related to cost pressures and labour shortages. The gold price also fell 2% during the month. However, multiple analysts still kept a buy rating on the stock.

Bouncing back

Regis reported record gold production in the June quarter of 123,901 ounces.

For FY22 overall, the company reported record gold production of 437,300 ounces. The company also reported that its cash and bullion jumped to $227 million at 30 June 2022 from $167 million at the end of March.

Managing director Jim Beyer said:

We are very pleased to deliver a record quarter of gold production for the June 2022 quarter. We have seen reliable delivery on our improvement plans that were developed and implemented to address the operational challenges we experienced in the first half of the year.

This has seen the company deliver an improved performance despite the challenging external conditions

On the back of this update, the company’s share price appears to be bouncing back. Regis shares have jumped more than 13% since market close on 30 June.

This ASX gold explorer has a market capitalisation of about $1.1 billion based on its current share price.

The post Down 46% in FY22, could this ASX gold explorer’s shares be bouncing back? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• These are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Thursday
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump
• Why Regis Resources, Sayona, Woodside, and Xero shares are pushing higher

Motley Fool contributor Monica O’Shea 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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While the ASX moves sideways ahead of the United States June inflation report, the South32 Ltd (ASX: S32) share price is backtracking today.

South32’s shares are in decline amid an announcement by the company regarding the partial acquisition of its portfolio of royalties.

At the time of writing, the mining outfit’s shares are down 2.54% to $3.46.

For context, the S&P/ASX 200 Index (ASX: XJO) is just 0.02% lower to 6,604.8 points.

South32 offloads non-core base metals royalties

Investors are offloading South32 shares on the back of the company’s release to the ASX late Tuesday afternoon.

In its statement, South32 advised it has entered into a binding agreement with the Anglo Pacific Group. This will see the sale of four non-core base metals royalties for an initial amount of US$185 million.

The base metals royalties concern advanced development stage copper and nickel projects in Australia, Chile, and the United States.

South32 stated there are no conditions required to proceed with the transaction which will be completed within five business days.

The fixed consideration includes US$103 million in cash and US$82 million in Anglo Pacific shares to be issued to South32.

However, a further US$15 million is subject to a contingent payment.

Once the transaction is wrapped up, South32 will hold an approximate 16.9% interest in Anglo Pacific.

South32 CEO Graham Kerr commented:

Today’s sale of another non-core royalty package is a further step forward in unlocking latent value from our portfolio.

The proposed transaction will realise an immediate cash payment, while also retaining long-term exposure to these royalties through our shareholding in Anglo Pacific.

Following the sale, we still retain an exciting package of 36 royalties at different stages of maturity, weighted towards base metals.

About Anglo Pacific

Listed on the London Stock Exchange, Anglo Pacific is a global natural resources royalty and streaming company.

With a diversified portfolio of 16 assets, its business model provides investors with a de-risked exposure to the mining sector.

Anglo Pacific has a strong balance sheet and uses its free cash flow to grow its portfolio and pay dividends.

South32 share price snapshot

Regardless of today’s decline, it has been a positive 12 months for South32 shares, climbing close to 18%.

However, in 2022 alone, its share price is down by around 14% following a fall in commodity prices, such as for aluminium and nickel.

South32 has a price-to-earnings (P/E) ratio of 11.59 and commands a market capitalisation of roughly $16 billion.

The post South32 share price backtracks amid sale of royalties appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Broker names 2 blue chip ASX 200 shares to buy this month
• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday

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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It’s not an easy job to run an ASX-listed company.

You have the financial fate of thousands of investors, creditors and staff in your hands. That’s a massive load of responsibility few of us would ever feel.

But does that justify their high take-home pay?

It’s the perennial “pub test” that the corporate world grapples with.

Many Australians feel that no one’s skill and expertise is worth tens of millions of dollars each year.

But we accept that elite athletes earn huge salaries because they possess a rare skill. So why is the Average Joe so contemptuous about people who use their brains receiving just as much?

Is there a bias towards physical prowess over the intellectual?

While we mull over these issues, the Australian Council of Superannuation Investors this week released its latest annual list of the 10 highest-paid chief executives in the S&P/ASX 100 (ASX: XTO).

The rankings are based on “realised pay” in the 2021 financial year.

Rank	Chief executive	Company	Realised pay
1	Anthony Eisen and Nick Molnar	Afterpay (now Block Inc (ASX: SQ2))	$264,222,249
2	Paul Perreault	CSL Limited (ASX: CSL)	$58,914,531
3	Greg Goodman	Goodman Group (ASX: GMG)	$37,105,490
4	Shemara Wikramanayake	Macquarie Group Ltd (ASX: MQG)	$14,693,343
5	Brad Banducci	Woolworths Group Ltd (ASX: WOW)	$11,788,098
6	Elizabeth Gaines	Fortescue Metals Group Limited (ASX: FMG)	$11,119,309
7	Mike Henry	BHP Group Ltd (ASX: BHP)	$10,464,599
8	Chris Ellison	Mineral Resources Limited (ASX: MIN)	$9,452,857
9	Magnus Nicolin	Ansell Limited (ASX: ANN)	$9,292,432
10	Andrew Barkla	IDP Education Ltd (ASX: IEL)	$9,252,820

Bonuses out of control?

Afterpay co-founders Anthony Eisen and Nick Molnar set a joint record, taking home more than $100 million each. This massive payday happened after they exercised their $1 options when the actual share price was almost $90 last year.

“Even without their windfall, a new record high would have been set by CSL’s Paul Perrault (who also set the last record in FY20) with realised income of $58.9 million.”

The take-home pay for CEOs has ballooned significantly after an initial COVID-19 pandemic dip, according to ACSI.

The organisation attributed this to a return of large bonuses. The proportion of bonuses out of total pay increased from 31% to 76.7%, setting a new record.

“After their lowest year on record, big bonuses have… hit new heights,” said ACSI executive manager Ed John.

“That’s why investors, and ACSI, will be scrutinising closely the results-reporting season to see if this concerning trend of bonus ‘catch-up’ continues.”

John insisted that bonuses should not be awarded for business-as-usual performance but be a genuine reward.

“Payments to senior executives have to be aligned with value created for shareholders and reflect true outperformance,” he said.

“This year’s outcomes will be judged against a backdrop of difficult financial markets and an uncertain economic outlook.”

The post $264 million! The 10 highest-paid CEOs on the ASX appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo has positions in CSL Ltd. and Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc., CSL Ltd., and Idp Education Pty Ltd. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Ansell Ltd. and 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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It’s easy to become hyper-focused on bad times, but investors in Wesfarmers shares might want to look at the company’s strong long-term performance instead. While this year has been rough on the Wesfarmers share price, the S&P/ASX 200 Index (ASX: XJO) stock has been dutiful over the last five years.

In fact, investors who have held the retail-focused conglomerate’s stock for that time have been rewarded in spades.

Not only have they watched the Wesfarmers share price grow 50%, but the company has also handed out nearly a quarter of its current share price in dividends.

At the time of writing, Wesfarmers shares are trading for $45.23.

Read on to find out how much of the company’s earnings it has handed back to shareholders over the last five years.

Wesfarmers shares offer $10.49 in dividends over 5 years

Yes, you read that right. Wesfarmers has handed investors $10.49 per share in dividends over the last half-decade.

Here’s a breakdown of all the dividends paid by Wesfarmers shares in that time:

Wesfarmers dividends	Amount offered
August 2017 (final)	$1.20
February 2018 (interim)	$1.03
August 2018 (final)	$1.20
February 2019 (interim and special)	$1 and $1
September 2019 (final)	78 cents
February 2020 (interim)	75 cents
August 2020 (final and special)	77 cents and 18 cents
February 2021 (interim)	88 cents
September 2021 (final)	90 cents
February 2022 (interim)	80 cents

The largest dividend offered by the company in that time was $1.20. It handed investors such an amount twice — first at the end of financial year 2017 and again at the end of financial year 2018.

It also offered two special dividends worth $1 and 18 cents respectively. The latter was offered in 2020 and included proceeds from the sale of a significant stake in Coles Group Ltd (ASX: COL).

It’s also worth mentioning that each of Wesfarmers’ payouts have been fully franked, meaning they could save some shareholders some extra coin at tax time.

As of Tuesday’s close, Wesfarmers’ shares were trading with a 3.8% dividend yield.

The post How much have Wesfarmers shares paid in dividends over the last 5 years? appeared first on The Motley Fool Australia.

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More reading

• Broker names 2 more blue chip ASX 200 shares to buy in July
• What’s the outlook for the Wesfarmers share price over the rest of 2022?
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• What’s the outlook for ASX 200 dividend shares in FY23?

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 positions in and has recommended COLESGROUP DEF SET and Wesfarmers 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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