Shares of biotech Immutep Ltd (ASX: IMM) have had a hard time this year to date, down 35% since trading resumed in January.

At the time of writing, investors are paying 30.5 cents apiece for the Immutep share price.

Earlier this month, Immutep released the slide deck of its presentation at the American Society of Clinical Oncology (ASCO) 2022 Special Edition. Let’s take a closer look.

Immutep’s biotech assets on full display

ASCO is the world’s biggest clinical cancer research conference, Immutep says. This year the company announced clinical results from Part A of its Phase II TACTI-002 trial.

The trial is investigating Immutep’s lead drug candidate, eftilagimod alpha â€“ also known as efti – when given in combination with pembrolizumab, known as Keytruda.

“Importantly, the trial met its primary objective, delivering promising efficacy in this large indication and warranting late-stage clinical development of efti in this indication,” Immutep posted in its slide deck.

“By benchmarking our TACTI-002 results against other approved treatments, the efti and pembrolizumab combination compares favourably,” it added.

Additionally, due to the positive data from efti presented at ASCO and other conferences, Immutep has been approached for potential new investigator-initiated trials as well as other potential collaborations for efti in various indications and combinations which we are currently assessing.

Furthermore, the Phase II TACTI-002 trial has been selected for readouts at the IASLC 2022 World Conference on Lung Cancer (WCLC 2022).

The conference is taking place both in-person and online from 6-9 August 2022 in Vienna, Austria.

Despite continued updates with its etfi label, Immutep shares have tumbled more than 40% into the red these past 12 months.

The post Own Immutep shares? Here are 3 takeaways from the company’s investor update appeared first on The Motley Fool Australia.

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More reading

• What’s driving the Immutep share price in June?
• Why has the Immutep share price rocketed 24% in a month?

Motley Fool contributor Zach Bristow 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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WiseTech Global Ltd (ASX: WTC) is a favourite among S&P/ASX 200 Index (ASX: XJO) tech shares.

In fact, the stock was part of the WAAAX group of shares. The group was arguably disbanded upon Afterpay’s removal from the ASX.

At the time of writing, the WiseTech share price is $39.06. That’s approximately flat with its highest point of 2019 and around 35% lower than its highest point ever, reached late last year.

So, what does the ASX tech giant actually do? Read on to find out.

But first, what is WiseTech?

S&P/ASX 200 Information Technology Index (ASX: XIJ) favourite WiseTech develops and provides software solutions to support companies working in global supply chains.

According to the company, its software solutions are renowned for their productivity, functionality, integration, compliance capabilities, and global reach.

The company’s flagship platform, CargoWise, provides customers with an end-to-end global logistics solution, executing more than 72 billion data transactions each year.

WiseTech calls more than 18,000 logistics companies its customers. They span more than 165 countries and include 42 of the top 50 global third-party logistics providers and 24 of the 25 largest global freight forwarders on the planet.

The company has a market capitalisation of around $12.7 billion, according to the ASX.

It joined the ASX in 2016 after offering its shares for $3.35 apiece under its initial public offering (IPO).

At the end of the first half of this financial year, WiseTech had $380 million in cash and no debt. It’s also currently trading with a 0.22% dividend yield.

What’s weighed on the WiseTech share price in 2022?

This year looks to have been a good one for WiseTech on paper. The company released seemingly strong half-year earnings and upgraded its guidance in February.

However, the market appears to have turned on the former favourite. The WiseTech share price has slumped close to 35% year to date.

But it’s worth noting the company hasn’t suffered alone. The ASX 200 info tech sector has tumbled 36% in 2022, meaning WiseTech is performing in line with most of its peers.

As my Fool colleague Sebastian recently reported, rising inflation and interest rate hikes have likely dampened sentiment for ASX tech shares this year.

The post Behind the ASX share: What makes WiseTech tick? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX tech shares struggling today?
• Here are the top 10 ASX shares today
• Why ASX 200 tech shares are outperforming the market on Friday
• Down 17% in June, is the WiseTech share price a wise move for ASX bargain hunters?
• Why are ASX 200 tech shares getting hit hardest today?

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 positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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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You might be wondering why the Goodman Group (ASX: GMG) share price is backtracking almost 4% today.

The S&P/ASX 200 Index (ASX: XJO) is also down by 1.06% to 6,692.2 points following losses overnight on Wall Street.

Nonetheless, the integrated commercial and industrial property group shares are down 3.79% to $18.27 at the time of writing.

Let’s take a look at why Goodman shares are heading south during early morning trade.

Shareholders set eyes on Goodman dividend

Investors are offloading Goodman shares as they set to trade without rights (ex-dividend) today.

Listed one business day before the record date, the ex-dividend date is when investors must have purchased shares. If you did not buy Goodman shares before this date, the dividend will be paid to the seller.

For those eligible for Goodman’s interim dividend, shareholders will receive a payment of 15 cents per stapled security on 25 August.

The dividend is unfranked which means there are no tax credits attached to this.

In case you weren’t aware, the company’s dividend reinvestment plan (DRP) remains suspended with no indication as to when it will return.

Goodman’s policy is to distribute in the low 50% range of operating earnings and taxable income for the full year. This is reviewed by its board each financial year in light of operating performance and current market conditions.

Goodman share price summary

Since the beginning of 2022, Goodman shares have lost more than 30% on the back of weakened investor sentiment. The benchmark ASX 200 Index is also down around 10% over the same timeframe.

Goodman shares reached a 52-week low of $16.80 this month, before rebounding in the following weeks.

Based on today’s price, Goodman commands a market capitalisation of roughly $34.5 billion, and has a dividend yield of 1.61%.

The post Here’s why the Goodman Group share price is sinking today appeared first on The Motley Fool Australia.

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More reading

• Are these blue chip ASX 200 shares in the buy zone?
• Time is running out to secure the Goodman Group dividend. Here’s what you need to do
• Here’s 3 popular ASX shares that are trading ex-dividend next week
• 5 things to watch on the ASX 200 on Wednesday
• Broker names 2 of the best ASX 200 shares to buy now

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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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?

Shares of Meta Platforms (NASDAQ: META) fell 5.2% on Tuesday, even greater than the broader Nasdaq Composite, which was down near 3%.

It appears as though every day brings another negative headline for Meta. Yesterday, there were two. First, The Conference Board’s consumer confidence reading came in worse than expected, which doesn’t bode well for Meta’s ad revenue. Second, a Wall Street Journal article today highlighted a bill making its way through the California State Senate, which would potentially open Meta and other social media platforms to lawsuits over teen addiction.

So what?

On Tuesday, The Conference Board, a nonprofit business research group organization, showed consumer confidence dropping to the lowest reading since 2013, with a reading of 98.7, down from 103.2 in May and below expectations of 100. That worse-than-expected reading hit virtually all stocks that are sensitive to consumer spending. Although Meta doesn’t sell a lot of discretionary items, with the exception of its virtual reality headsets, it does get 99% of its revenue from advertising. So, lower consumer spending could lead advertisers to pull back on ad spending, which would affect Meta.

In addition, the Wall Street Journal highlighted a new bill making its way through the California state legislature, which could theoretically open Meta up to hundreds of millions in fines — although rivals TikTok and Snap would also be subject to the new law as well. The bill proposes that state, local, and city attorneys could sue social media companies, if these attorneys can prove the companies knowingly introduced features that would addict teens to their platforms. The bill is currently up for a vote in the state’s Senate Judiciary Committee, and if passed, would then go through to a full vote in the state Senate.

It’s unclear if the bill would pass, but social media companies are also working with California state lawmakers on features to prevent teen addiction, which they hope will be agreed on and implemented instead.

Now what?

Meta investors have faced a perfect storm of negativity ever since the whistleblower hearings on Capitol Hill last October. Since then, CEO Mark Zuckerberg introduced the company’s metaverse ambitions, which investors are unsure about. Meanwhile, iOS Identifier for Advertisers changes have made a dent in Meta’s ad growth, since those new privacy features have made Meta’s ads less targeted. Now, with the Federal Reserve tightening financial conditions, fears over a recession are in the air. Meanwhile, this California bill has the potential to open the company to more potential financial penalties.

These are all the reasons Meta, the world’s dominant social media platform, trades at a bargain basement 11.3 times earnings. I happen to think that’s too cheap if taking a longer-term view. However, there are certainly lots of headwinds facing Meta investors today.

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

The post Why Meta Platforms plunged on Tuesday appeared first on The Motley Fool Australia.

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More reading

• 2 oversold stocks to buy in the Nasdaq bear market
• Why Meta, Amazon, and Apple shares were falling today
• Better buy: Twitter vs. Meta Platforms
• 2 top Nasdaq stocks the world’s best investors were buying last quarter

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Billy Duberstein has positions in Meta Platforms, Inc. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends Meta Platforms, Inc. The Motley Fool has a disclosure policy. The Motley Fool Australia has recommended Meta Platforms, Inc. 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 Liontown Resources Limited (ASX: LTR) share price is defying the market weakness and racing higher.

In morning trade, the lithium developer’s shares are up 17% to $1.25.

Why is the Liontown share price racing higher?

Investors have been bidding the Liontown share price higher today after the company provided an update on an offtake agreement.

According to the release, the company has secured a third foundational offtake agreement with leading global automaker Ford.

The release explains that Ford and Liontown have executed a definitive binding full-form offtake agreement for the supply of up to 150,000 dry metric tonnes (dmt) of spodumene concentrate per annum for an initial term of five years. This will start from the commencement of commercial production in 2024.

Funding agreement and final investment decision

In addition to the offtake agreement, Ford and Liontown have executed a binding full-form funding facility agreement.

The two parties have agreed to $300 million debt facility that will be used for the development of the Kathleen Valley Lithium Project.

Management notes that this funding facility, together with the proceeds from Liontown’s $463 million capital raise in December, paved the way for the project’s approval by the board today.

One slight negative, though, is that the capital cost of the project is expected to be greater than previously forecast.

Instead of $473 million, the cost is expected to be $545 million. Management advised that this increase is driven primarily by optimisation and expansion of the FEED scope across a range of areas and general cost escalation.

Though, this could still change. The release notes that this is the company’s current best estimate. Liontown continues to tender and award major construction, equipment, and operational packages of work.

‘A momentous milestone’

Liontown’s managing director and CEO, Tony Ottaviano, was delighted with the agreements. He commented:

The signing of our third and final foundational offtake agreement is a momentous milestone for Liontown and the Kathleen Valley project, with approximately 90% of Kathleen Valley’s start-up capacity now under secured long-term binding offtake agreements.

Our disciplined approach to our offtake strategy has enabled us to build a customer base of Tier-1, globally significant customers in the EV battery supply chain, validating Kathleen Valley’s status as a globally relevant lithium asset.

In addition to the offtake, the A$300 million funding facility from Ford, together with the capital raised last year, means that we have secured commitments for the funds required to support the full commercial development of Kathleen Valley through to first production.

Ford’s vice president of EV Industrialization, Lisa Drake, believes these agreements will help the automaker reach its bold electric vehicle goals. She commented:

Ford continues working to source more deeply into the battery supply chain to meet our goals of delivering more than 2 million EVs annually for our customers by 2026. This is one of several agreements we’re working on to help us secure raw materials to support our plan to deliver EVs for customers around the world and meet our environmental, social and governance commitments.

The post Liontown share price jumps 17% following ‘momentous milestone’ appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
• Liontown Resources share price rockets 9% amid broker’s positive lithium outlook
• Guess which sector is delivering the biggest gain across the ASX 200 today
• Here are the top 10 ASX shares today
• Could ASX lithium shares be set for a boost?

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 dividend shares are known for paying outsized income to investors.

But, there’s a significant difference between a dividend yield of 5% and something that pays more than 10%.

Sometimes yields can be mirages because they may be old yields that are about to be cut.

However, the two businesses below are predicted by experts to pay huge dividend yields in the next financial year.

So, let’s have a look at the two ASX dividend shares that could pay beastly income.

Best & Less Group Holdings Ltd (ASX: BST)

Best & Less is a retailer of apparel that aims to offer quality products at a good price. The company says that it has a vertical retail model, with 86% of sales from its own labels.

Best & Less suggests there is a market opportunity as customers migrate to ‘value’ products. Management believes the business is positioned to benefit from the current inflationary environment.

The ASX dividend share describes its baby products as a key driver of growth as it establishes long-term relationships based on “creditability and trust”. As children grow, Best & Less can offer more products, lengthening the connection with those customers.

The company wants to grow its market share of baby, kids, and women’s apparel. Best and Less is also aiming to increase its gross profit margin and store count.

According to Macquarie, the business could pay a grossed-up dividend yield of 18.7% in FY23.

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is another ASX retail share that says it’s the market leader in a growth sector. It’s focused on premium products in DIY grooming, personal care, and hair and beauty appliances for men and women. It boasts that many key brands and products are exclusive to Shaver Shop. Exclusive products generate more than 50% of sales and 60% of gross profit.

The ASX dividend share has built a significant e-commerce presence. It says that around 35% of total sales are online, though it does have around 120 stores across Australia and New Zealand as well.

According to Shaver Shop, the Australia-New Zealand beauty and personal care market is expected to grow from approximately $10 billion to around $12 billion by 2026.

Hair cutting and men’s shaver sales have returned to growth in the second half of FY22. Total sales were up 5.7% to 31 May 2022. In FY22, it’s expecting to generate at least $16.25 million of net profit after tax (NPAT).

In terms of the dividend, Ord Minnett thinks that Shaver Shop is going to pay a grossed-up dividend yield of 14.7% in FY23 and that it’s valued at seven times FY23’s estimated earnings.

The post Dividend beasts: Here are 2 ASX dividend shares with expected yields over 10% appeared first on The Motley Fool Australia.

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More reading

• Why Boss Energy, Crown, Magellan, and Shaver Shop shares are rising
• Could this ASX All Ords share be set to benefit from higher living costs?
• I think these 2 high-yield ASX dividend shares are buys in June

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. 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 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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The Tyro Payments Ltd (ASX: TYR) share price has come under significant pressure on Wednesday.

In morning trade, the payments company’s shares are down 20% to a new record low of 62 cents.

Why is the Tyro share price sinking?

As well as broad weakness in the tech sector, the Tyro share price has been hit by news that its CEO is stepping down.

According to the release, the company’s CEO and managing director, Robbie Cooke, has provided six months’ notice, concluding close to five years of leadership at Tyro.

A separate announcement out of Star Entertainment Group Ltd (ASX: SGR) reveals that Cooke is joining the casino and resorts operator as its new leader.

Tyro’s board has revealed that it will immediately commence an executive search process, canvassing both internal and external candidates to identify a suitable CEO successor. Cooke has committed to work with Tyro’s board to ensure a smooth transition.

Tyro’s chair, David Thodey, commented:

The Board and I would like to thank Robbie for his contribution to our business and wish him all the best for his next chapter. We remain committed to providing outstanding customer service to our merchants and partners through innovative products and technology, driving operating leverage, and accelerating our move to become free cash flow positive.

Commenting on his appointment as Star’s new CEO, Mr Cooke said:

I am delighted to have the opportunity to re-join the gaming and hospitality industry, which is a passion of mine and where I have spent the majority of my career.

There are challenges for The Star that have been well documented. They will be my priority and focus. Ensuring continuity of the business through a comprehensive renewal program is of paramount importance. This is also an incredibly resilient business with thousands of team members providing the commitment, enthusiasm and inspiration that helps deliver outstanding customer service.

The post Tyro share price sinks 20% to new record low, what’s going on? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX shares rated as strong buys by several brokers
• Why A2 Milk, Appen, Magellan, and Tyro shares are dropping today
• Appen and PolyNovo tumble after being kicked out of the ASX 200 along with these shares

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 Tyro Payments. 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 Carsales.Com Ltd (ASX: CAR) share price has returned from its trading halt and dropped deep into the red.

In morning trade, the auto listings company’s shares are down by a sizeable 15% to $17.70.

This leaves its shares trading within touching distance of its 52-week low of $17.45.

Why is the Carsales share price sinking?

The Carsales share price is sinking today after the company announced the successful completion of the institutional component of its fully underwritten pro-rata accelerated non-renounceable entitlement offer.

According to the release, the company has raised approximately $842 million at a 14.5% discount of $17.75 per new share. The release notes that the offer was well supported with a take-up of 90% by eligible institutional shareholders.

Carsales will now push ahead with the retail component of the entitlement offer, which is expected to raise approximately $365 million. This will bring the total raised from the offer to approximately $1,207 million.

Why is Carsales raising funds?

The proceeds from the capital raising will be used to acquire the remaining 51% interest in Trader Interactive for US$809 million, or approximately A$1,172 million.

This acquisition price values Trader Interactive on a 100% enterprise value basis at US$1.9 billion or A$2.75 billion.

Management expects the deal to generate highly attractive financial returns for shareholders, with low double-digit earnings per share accretion expected in the first full year of ownership and further upside expected thereafter.

Carsales’ CEO, Cameron McIntyre, was pleased with the success of the offer. He commented:

We are very pleased by the support demonstrated by institutional shareholders for the entitlement offer and their endorsement of the acquisition. We look forward to working with the Trader Interactive team to capture growth potential and realise value for our shareholders.

The post Why is the Carsales share price crashing 15% lower today? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• How has the Carsales share price performed after past acquisitions?
• Why is the Carsales share price frozen on Monday?
• 2 ASX shares to buy to win the rest of 2022: expert
• These were the best performing ASX 200 shares last week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended carsales.com 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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Exchange-traded funds (ETFs) can be very useful for investing in shares. ETFs make it to invest passively, get access to different industries or invest in different geographic markets.

One of the most popular ETFs is one that gives access to 500 of the biggest companies in the United States, called iShares S&P 500 ETF (ASX: IVV). That’s not a bad choice at all.

But after the recent volatility, I think there are two that could be even more interesting. One provides more diversification in my opinion. While the other may achieve more growth in the coming years because of the businesses it’s invested in.

These two shares could be too good to miss after recent declines.

BetaShares Global Quality Leaders ETF (ASX: QLTY)

This ETF is the one that I think can provide more diversification than the S&P 500 fund.

As mentioned, the S&P 500 fund only invests in US shares. Whereas the QLTY ETF portfolio only has a 61% allocation to US shares, ex-US get a weighting of almost 40%. These include Japan, Switzerland, the Netherlands, France, Denmark, Germany, the United Kingdom, the Hong Kong Stock Exchange, and more.

But, the companies are spread across an array of sectors. There are around 150 names in the portfolio, which is a good number.

What attracts me most to this ETF is that it’s designed to give access to the “world’s highest quality companies”. BetaShares looks to create a quality portfolio by only picking businesses that rank well on four factors – return on equity, debt-to-capital, cash flow generation ability and earnings stability.

So, what sort of businesses qualify as quality?

At the latest disclosure on 27 June 2022, these were the biggest 10 positions: Johnson & Johnson, UnitedHealth Group, Alphabet, Automatic Data Processing, AIA Group Limited, Pfizer, Microsoft, Novo Nordisk, L’Oreal and Accenture.

The QLTY ETF has fallen by around 20% since the beginning of the year. So I think this combined group of businesses are now looking better value. At 31 May 2022, it still showed a double-digit return, with the net return over the prior three years being an average of 11.8%.

BetaShares Cloud Computing ETF (ASX: CLDD)

This investment differs from the S&P 500 fund and the QLTY ETF.

BetaShares says the idea behind this ETF is that:

Cloud computing has been one of the strongest-growing segments of the technology sector, and given much of the world’s digital data and software applications are still maintained outside the cloud, continued strong growth has been forecast.

To get into this ETF’s portfolio, the company must generate a minimum revenue threshold from computing services. The shares that make more money from cloud-based services are prioritised in terms of allocation.

There is a total of 35 names in the portfolio. The biggest 10 positions at the latest disclosure were: DigitalOcean, Zoom Video Communications, Salesforce, Dropbox, Qualys, Netflix, Paycom Software, Digital Realty, Akamai Technologies and SPS Commerce.

I think that the CLDD ETF, as a group of businesses, looks better value after its 30% drop in 2022 to date.

While COVID-19 may have been a temporary boost for some businesses, I think the world will continue to go digital as it has over the past few decades. This should be helpful for revenue growth over time. According to BetaShares’ source (Research and Markets), revenue from global cloud computing services was US$371 billion in 2020. This figure is forecast to reach US$832 billion by 2025.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. 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 Alphabet (A shares), Alphabet (C shares), Microsoft, Netflix, Salesforce, Inc., and Zoom Video Communications. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and UnitedHealth Group. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Netflix, Salesforce, Inc., Zoom Video Communications, and iShares Trust – iShares Core S&P 500 ETF. 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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Despite a volatile past 12 months, the Fortescue Metals Group Limited (ASX: FMG) share price has surged 255% since 2017.

The iron ore miner’s shares hit a record high of $26.58 last July before sinking almost 50% in the following months.

Nonetheless, its shares have recovered some lost ground and last traded at $18.56.

The company is well-known for paying juicy dividends to shareholders regardless of times of economic uncertainty.

Let’s dive in to see how the Fortescue dividend stacks up against its peers over the last 5 years.

A recap of Fortescue’s dividend history

Here’s a brief rundown on Fortescue’s most recent dividend history.

• October 2017 – 25 cents (final)

• April 2018 – 11 cents (interim)

• October 2018 – 12 cents (final)

• March 2019 – 30 cents (interim)

• June 2019 – 60 cents (special dividend)

• October 2019 – 24 cents (final)

• April 2020 – 76 cents (interim)

• October 2020 – $1.00 (final)

• March 2021 – $1.47 (interim)

• September 2021 – $2.11 (final)

• March 2022 – 86 cents (interim)

When adding the above amounts, Fortescue has paid a total of $7.82 in dividends to shareholders from five years ago.

At the time of writing, the company has a massive trailing dividend yield of 16%.

So how does this compare with the other 2 big miners?

First and foremost, shares in BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) have also accelerated.

They are up 84% and 69% respectively since this time in 2017.

But as you can see, both miners’ share price gains pale in comparison to Fortescue.

When looking at the dividend history, BHP has paid a total of $13.31 and Rio Tinto has distributed $39.42 to shareholders.

Bear in mind that BHP shares last traded at $42.98, and Rio Tinto at $106.92 apiece.

The above dividend amounts reflect Fortescue paying around 42% of its current share price in the last 5 years.

In addition, BHP has paid roughly 31% of its current share price, and Rio Tinto at approximately 37%.

BHP and Rio Tinto have a trailing dividend yield of 11.98% and 10.71%, respectively.

Fortescue share price summary

Market swings and weakened investor confidence in the ASX have led the Fortescue share price to register a loss of 4% in 2022.

However, its shares are down 20% over the last 12 months.

Based on valuation grounds, Fortescue presides a market capitalisation of approximately $55.05 billion.

The post How does the Fortescue dividend compare with its peers over the last 5 years? appeared first on The Motley Fool Australia.

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More reading

• Is the Fortescue share price really the cheapest ASX 200 materials share on the market?
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• ASX 200 midday update: Pilbara Minerals’ lithium price update, BHP tumbles

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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