The S&P/ASX 200 Index (ASX: XJO) is finally back in the green this Wednesday after a rough couple of trading days. At the time of writing, the ASX 200 has gained a healthy 0.52% and is just under 7,000 points.

So let’s now delve deeper into these gains by checking out the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Telstra Corporation Ltd (ASX: TLS)

First up today is ASX 200 blue chip telco Telstra. So far this Wednesday, a notable 13.9 million Telstra shares have been bought and sold on the share market. This is probably a consequence of the nasty 2.2% drop that the company has endured so far during today’s session.

However, that drop is not as bad as you might think, being a consequence of the telco trading ex-dividend for its upcoming final dividend payment of 8.5 cents per share.

EML Payments Ltd (ASX: EML)

Next up we have ASX 200 payments share EML. So far this Wednesday, a sizeable 22.71 million EML shares have found a new home. Sadly for investors, this looks to be a byproduct of the company’s nasty share price fall that we have seen.

As we dug into earlier this afternoon, investors are fleeing the company after EML revealed that it has identified fraudulent activity within its Sentenial business. With EML shares down by 11.56% to 88 cents each, it’s perhaps no wonder so many shares are trading hands.

Pilbara Minerals Ltd (ASX: PLS)

Last up today is ASX 200 lithium stock Pilbara Minerals. This Wednesday has seen a whopping 35.06 million Pilbara shares trade on the share market thus far. Fortunately for investors, this seems to be the result of a positive share price swing.

Pilbara shares have gained a pleasing 5.96% so far today to $3.46 a share. There’s been no news out of the company during the current session. But investors have been flocking to PiIblaa shares ever since the company dropped its FY2022 earnings report yesterday.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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• Why are ASX 200 tech shares having such a cracker of a day?
• Could Pilbara’s inaugural profit signal good times ahead for ASX lithium shares?

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments and Telstra Corporation 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 been a pleasing day for the S&P/ASX 200 Index (ASX: XJO) and ASX shares so far on Wednesday. At the time of writing, the ASX 200 is up a decent 0.44% at just under 7,000 points. But sadly, the same can’t be said for the Novonix Ltd (ASX: NVX) share price.

After initially opening in the green this morning, Novonix shares have dipped into red territory. The battery technology company is presently trading at $2.36 a share, down a nasty 2.9% for the day so far.

So what’s given investors a bee in the proverbial bonnet over this company today?

Well, to put it scientifically, it’s a darn-tootin’ mystery.

There’s been no ASX announcements or news at all out of Novonix itself today. Or indeed since 5 August.

And other ASX shares that could be described as close to Novonix’s wheelhouse aren’t suffering a similar fate either. ASX battery metals and lithium shares like Pilbara Minerals Ltd (ASX: PLS), Allkem Ltd (ASX: AKE) and Core Lithium Ltd (ASX: CXO) are all having exceptional days.

So perhaps investors are reacting to Novonix’s lack of earnings clarity, seeing as we are in the midst of earnings season. Many ASX shares have already delivered their earnings. Most others are scheduled to deliver their reports in the next week or so.

But although Novonix’s fiscal year runs to 30 June, we haven’t yet heard from the company as to when investors might get a look at the books.

So the only thing we know about today’s share price movements for sure is how unwelcome they might be for investors today.

Novonix share price snapshot

Novonix shares have had an exceptionally rough year. After today’s falls, the battery tech company has now lost a painful 77.7% year to date. The company is now more than 75% off of its all-time high of $12.47 that we saw late last year.

At the current Novonix share price, this ASX share has a market capitalisation of $1.18 billion.

The post Why is the Novonix share price getting hammered on Wednesday? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today

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 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 Lycopodium Limited (ASX: LYL) share price is spiking 11.28% following the release of the company’s full-year FY22 results.

Lycopodium is an engineering and project management consultancy working primarily in mining.

The micro-cap ASX share began the session at $6.14 on Wednesday — a 4.95% bump on yesterday’s closing price of $5.85. It then ascended to $6.80 — a new 52-week record — before settling back to $6.51 at the time of writing.

ASX share hits 52-week high on FY22 results

The highlights of the report are as follows:

• Revenue of $232.2 million, up 43% on the prior corresponding period (pcp)
• Net profit after tax (NPAT) of $27.2 million, up 92% pcp
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) of $45.4 million, up 71% pcp
• Earnings per share (EPS) of 68.4 cents, up 92% pcp
• Cash balance of $100.9 million, up 31% pcp
• Final dividend of 36 cents per share with 100% franking, payable on 7 October

The record profit is enabling the company to more than double its dividends. It will pay a total of 54 cents per share for FY22. This is up 116% on the 25 cents per share it paid shareholders for FY21.

Based on the Lycopodium share price at the time of writing, this represents an 8.3% dividend yield.

In its announcement, Lycopodium said: “FY2022 has been a successful year for the business, with the award of new study work and the progression of several significant projects to the construction phase.”

What else happened in FY22?

Several projects commenced on-site works in FY22, including the Motheo Copper Project in Botswana. The Bomboré Gold Project in Burkina Faso and the Ahafo North Gold Project in Ghana also began works.

Lycopodium strengthened its profile in the lithium sector with several new projects awarded to it.

In Western Australia, this includes the EPCM (engineering, procurement and construction management) contract for Talison Lithium’s Chemical Grade Processing Plant #3 (CGP3). It also won the EPCM scope for the Kathleen Valley Project owned by Liontown Resources Limited (ASX: LTR).

Overseas, Lycopodium won the engineering, procurement and secondment services contract for the Goulamina Lithium Project in Mali. Owned by Leo Lithium Ltd (ASX: LLL), it is one of the largest lithium deposits in the world.

Other key projects secured include the early works on the expansion of the Sabodala-Massawa complex. This is the largest producing gold mine in Senegal and is owned by Endeavour Mining.

Lycopodium is also providing design consultancy services to CSL Limited (ASX: CSL). It’s helping the biotech giant plan for new vaccine production facilities.

What did management say?

Lycopodium managing director Peter De Leo said:

We have returned a record profit result this year. The fact that we have been able to continue to win work, provide opportunities for new people to join the business and support our clients to deliver their projects, despite the pandemic prevailing for two years, is a reflection of the strength, commitment and resilience of our people.

What’s next?

Lycopodium notes there is much activity in the mining sector. It expects base metal usage to increase as global industrial activity resumes following COVID-19.

The company also foresees increased demand for iron ore (especially from China), and gold because it is seen as a safe-haven asset in volatile economic times.

It notes that the energy transition will necessitate the building of new energy and transport systems.

Lycopodium also points to rising demand for minerals and metals used in electric vehicle batteries and portable electrical appliances. This includes lithium, graphite, copper, nickel, manganese, and cobalt.

Lycopodium said its FY23 performance is likely to be “broadly in line with that achieved in FY2022”.

The company says it will provide revenue and profit guidance at its annual general meeting in November.

Lycopodium share price snapshot

This ASX share is one of few enjoying a strong year in 2022. The Lycopodium share price is up 27% in the year to date. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is down 9%.

Lycopodium has a market capitalisation of $232.5 million.

The post Guess which ASX share is soaring 11% after dividends doubled? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in CSL Ltd. 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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The Allkem Ltd (ASX: AKE) share price is having a strong day on Wednesday.

In afternoon trade, the lithium miner’s shares are up over 6% to $14.00.

This leaves the Allkem share price trading within touching distance of its record high of $14.38.

Why is the Allkem share price surging higher?

Investors have been bidding the Allkem share price higher today for a few reasons.

One is the strong night of trade that lithium miners had on Wall Street. This saw the likes of Livent Corp and Sociedad Quimica y Minera de Chile record gains of over 5%.

Also giving Allkem’s shares a boost has been a broker note out of Macquarie Group Ltd (ASX: MQG) this week.

That note saw the broker retain its outperform rating and lift its price target to a lofty $21.00. This suggests that Alkem’s shares could still rise 50% despite trading close to record highs.

Macquarie made the move on the belief that lithium prices will remain stronger for longer due to a growing demand and a supply shortfall.

This has led to the broker bumping its earnings estimates materially. So much so, Allkem’s shares trade at only 10x FY 2023 earnings according to Macquarie’s estimates.

The post Why is the Allkem share price charging 6% higher? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
• Why is the Allkem share price acing it on Tuesday?
• Leading brokers name 3 ASX shares to buy today
• Why these ASX lithium shares are outperforming the market today
• Could ASX battery minerals shares be in for a boost next month?

Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 APA Group (ASX: APA) share price is retracing 2.08% to $11.30 on Wednesday following the release of the company’s full-year results.

The company reported a solid performance from key energy infrastructure assets and positive leverage to inflation.

But let’s take a look at the APA’s latest dividend that was announced to the market this morning.

APA lifts final distribution for FY 2022

After reporting strong free cash flow of $1,081 million (+19.8%), the directors decided to pay a final distribution for FY 2022 of 28 cents per security.

This brings the total distributions to 53 cents per security, an increase of 3.9% on FY 2021 and in line with guidance.

The 28-cent final distribution comprises of 21.71 cents from APA Infrastructure Trust and 6.29 cents from APA Investment Trust.

Franking credits of 2.70 cents per security are attached to these distributions.

The ex-dividend date was on 29 June 2022, meaning if you owned APA shares at that time, you’ll be eligible for the final distribution.

APA will pay the distribution of its profits to shareholders on 14 September.

What about the FY 2023 distribution?

Looking ahead, APA provided a guidance for its distributions in FY 2023.

It noted that based on the current information, FY 2023 distributions are expected to be 55 cents per security. This reflects an improvement of 3.8% on FY 2022’s distribution.

Management is targeting a payout ratio of 60-70% but will monitor the environment to ensure appropriate funding of growth opportunities.

APA is well positioned to support the energy transition with new projects underway across gas transmission and renewable energy generation.

Organic growth is expected to be in excess of $1.4 billion to deliver earnings growth in FY 2024 and beyond.

APA share price snapshot

Over the last 12 months, the APA share price continued to tread higher on the back of favourable market conditions.

Notably, the share touched an all-time high of $12.25 on 8 August before backtracking as profit takers swooped in.

Since then, APA shares have dipped 7.5% but could move into unchartered territory again this year.

APA commands a market capitalisation of $13.35 billion and has a trailing dividend yield of 4.59%.

The post Everything you need to know about the latest APA dividend appeared first on The Motley Fool Australia.

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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 positions in and has recommended APA 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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The Nickel Mines Ltd (ASX: NIC) share price is belting the S&P/ASX 200 Index (ASX: XJO) today.

At the time of writing, the nickel producer’s shares are up 3.31% to an intraday high of $1.09 apiece.

In comparison, the benchmark ASX 200 index is up 0.65% to 7,007.1 points.

Why are Nickel Mines shares powering ahead?

Investors are bidding up the Nickel Mines share price following the company’s update of its senior secured notes offering.

According to its release, the company advised it has completed the issuance of its US$225 million senior secured notes. The notes are priced at an interest rate of 10% per annum, payable on a quarterly basis in arrears.

The final maturity date will be on 23 August 2025.

In addition to the company’s cash reverses, the proceeds from the Notes will be used to finalise the acquisition and ramp-up of the Oracle Nickel Project.

Nickel Mines managing director, Justin Werner commented:

Completion of this issuance has positioned the company to increase its ownership interest in Oracle Nickel to 70% and meet the remaining payment obligations for the acquisition.

The early commissioning of the Oracle Nickel RKEF lines, expected in October, will allow us to significantly bring forward nickel production. Our trusted partner Shanghai Decent continues to deliver operationally with near-term commissioning.

The company will soon have 12 RKEF lines in operation and approximately 100kt of attributable nickel production, placing us comfortably amongst the top-10 global producers.

Also providing a boost is the S&P/ASX 300 Metals and Mining Industry (ASX: XMM). The index is among the best performers today, up 1.21% to 5,548.5 points.

Nickel Mines share price summary

Extreme volatility in 2022 has led the Nickel Mines share price to register a loss of 25%.

However, in the past 12 months, the share is up 5% following strong gains achieved towards the backend of 2021.

Based on today’s price, Nickel Mines presides a market capitalisation of roughly $3.14 billion.

The post Why is the Nickel Industries share price smashing the ASX 200 today? appeared first on The Motley Fool Australia.

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• Nickel Industries share price slips on $225 million debt capital raise

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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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Adairs Ltd (ASX: ADH)

According to a note out of UBS, its analysts have retained their buy rating but trimmed their price target on this homewares retailer’s shares to $3.40. UBS notes that Adairs’ performance in FY 2022 fell short of expectations due largely to a disappointing second half from its Mocka brand. However, with its shares falling heavily post-results, the broker sees enough value on offer here to retain its buy rating on the company’s shares. The Adairs share price is trading at $2.20 this afternoon.

Nick Scali Limited (ASX: NCK)

Analysts at Citi have retained their buy rating and lifted the price target on this furniture retailer’s shares to $14.62. This follows the release of a full year result which came in ahead of both the market consensus and Citi’s expectations. In addition, the broker was pleased to see that Nick Scali has started the new financial year in a positive fashion. This has led to Citi lifting its earnings estimates meaningfully. The Nick Scali share price is fetching $11.04 today.

Pilbara Minerals Ltd (ASX: PLS)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $5.60 price target on this lithium miner’s shares. Although Pilbara Minerals delivered a softer than expected full year result that missed the broker’s estimates, it isn’t concerned. That’s because thanks to its strong production guidance and booming lithium prices, the broker suspects the Pilbara Minerals could triple its profits in FY 2023. The Pilbara Minerals share price is trading at $3.47 on Wednesday.

The post Top brokers name 3 ASX shares to buy today 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 positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. 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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All eyes will be on the Qantas Airways Limited (ASX: QAN) share price tomorrow as the company releases its full-year earnings.

And there’s plenty for investors to watch out for. Some brokers have tipped gains while others warn the airline might suffer on a period of poor service.

Qantas shares are currently swapping hands for $4.585, 0.77% higher than their previous closing price. For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.51% right now.

Let’s take a look at what the market might be expecting to impact the stock.

Qantas shares will be in focus tomorrow…

The Qantas share price could be in for a big day tomorrow. The company’s full-year underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) is expected to come in at between $205 million and $305 million.

That considers the company’s guidance of between $450 million and $550 million of underlying EBITDA for the second half and its first-half underlying EBITDA loss of $245 million.

Meanwhile, Bell Potter predicts the airline will report a net profit after tax (NPAT) loss of $1.35 billion. Broker consensus sits at a $1.2 billion loss.

And broker Citi is bearish. It expects Qantas’ FY23 guidance to be muted after a tricky start to the period. It also expects the airline’s costs to lift. The broker reportedly placed a ‘sell’ rating and a $4.28 price target on Qantas shares.

More than 54% of Qantas flights departed late in July. Meanwhile, the carrier cancelled 5.6% of its services, the Bureau of Infrastructure and Transport Research Economic found. Over at its budget leg Jetstar, more than 52% of flights departed late and 8.8% were cancelled.

The airline has been open about such performance issues. It offered frequent flyers a $50 voucher and other goodies as a token of apology over the weekend.

But Transport Workers Union national secretary Michael Kaine said such incentives likely wouldn’t be enough to convince travellers – who generally pay a premium to fly Qantas – to return to the airline:

The thousands of passengers who’ve spent hours in call centre queues following cancelled flights, delays, and lost luggage won’t want to waste more of their time attempting to cash in a voucher to buy themselves more of the same chaos.

If Qantas management or indeed [CEO Alan Joyce] really cared about customers, the right thing to do would be to appoint a new CEO with the business acumen to bring back higher trained, experienced workers and treat them with respect.  

Citi also believes improvements in its performance will come down to staffing. Though, it thinks that will bring higher costs than the market expects.

But not everyone is so bearish. UBS has slapped Qantas’ shares with a ‘buy’ rating and a $6.55 price target, my Fool colleague Tristan reports.

The post Looking to buy Qantas shares? Here’s what to watch when the airline reports tomorrow appeared first on The Motley Fool Australia.

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• WiseTech share price surges 11% on record profits
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Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is soaring today on the back of the company’s financial results.

But how did the Domino’s dividend stack up compared to previous years, and when will it be paid?

The Domino’s share price is currently rising 6.87% and trading at $71.68. For perspective, the S&P/ASX 200 Index (ASX: XJO) is rising 0.48% today.

Domino’s dividend

Domino announced today it will pay a final dividend of 68.1 cents per share, 70% franked.

However, the Domino’s total dividend payout for FY22 is 156.5 cents per share. This is 10% less than the total dividends paid in FY21.

Last year, Domino’s shareholders received total dividends of 173.5 cents per share.

That said, the dividend announced today is higher than pre-COVID levels. In FY19, Domino’s paid total dividends of 115.5 cents per share, and a final fully franked dividend of 52.8 cents per share.

Domino’s today reported underlying net profit after tax (NPAT) had fallen 12.5% on the previous financial year to $165 million.

Earnings per share also dropped 12.6% to 190.6 cents per share.

However, global sales lifted 3.6% on the previous year to $3.92 billion. Domino’s also opened 294 new stores, the most in its history, and acquired a further 156.

Domino’s is planning to pay the final FY22 dividend on 15 September this year. Domino’s shares will trade ex-dividend  on 30 August. Investors who buy Domino’s shares on or after the ex-dividend date, will not receive the upcoming dividend. The record date for the dividend is 31 August.

Domino’s share price snapshot

The Domino’s share price has slid nearly 50% in the past year, while it has descended more than 39% in the year to date.

For perspective, the ASX 200 has shed nearly 7% in the past year.

Domino’s has a market capitalisation of about $6.2 billion based on the current share price.

The post Everything you need to know about the latest Domino’s dividend appeared first on The Motley Fool Australia.

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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 recommended Dominos Pizza Enterprises 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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The Altium Limited (ASX:ALU) share price has continued to gain ground in the days after the design software company reported FY22 results that smashed expectations. 

For the 12 months ended 30 June, Altium reported a 23% increase in revenue to US$220.8 million and an earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 36.7%.

Altium declared a fully franked final dividend of 26 cents per share, taking total FY22 dividends to 47 cents per share, an increase of 18% compared to FY21.

The Altium final dividend will be paid to eligible shareholders on 27th September 2022. Altium shares go ex-dividend on 5th September 2022. 

Based on the Altium share price of around $37, the stock trades at 88 times earnings and on a fully franked dividend yield of 1.27%.

Over the past 12 months, Altium shares have gained almost 3%, compared to a fall of 7.6% in the ASX 200 Index. 

The post Here’s what you need to know about the Altium Group FY22 dividend appeared first on The Motley Fool Australia.

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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 positions in and has recommended Altium. 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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