The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is edging higher today, up less than 1% at $25.60.

After starting the new year higher, ANZ shares have fluctuated over the last few months of trade. Prices have gyrated between a high of $28.75 in January and a low of $24.82 in March, a 16% spread.

Is the ANZ share price cheap?

Analysts at investment bank JP Morgan are overweight on ANZ shares and are tipping more upside for 2022 with a $30.30 price target.

The broker affirmed its view in a recent note, highlighting its “greater certainty in ANZ’s top line (revenue)”.

“ANZ offers the greatest exposure to rising offshore rates, stemming from its NZ franchise, and its large institutional business,” analysts wrote.

“It also has a large relative exposure to business lending, which should provide some protection from the severe short-term pressure on mortgage margins. While mortgage growth has been disappointing of late, we expect a gradual improvement in line with improved processing efficiencies.

“We expect ANZ will return to out-cost in FY23 as investment spend normalises. Capital management potential is at the upper end of the major banks.”

Meanwhile, analysts at Bloomberg Intelligence have echoed JP Morgan’s sentiment at the top, but reckon there could be a risk to ANZ’s net profit guidance.

The pair of Matt Ingram and Jack Baxter at Bloomberg reckon that “ANZ’s fiscal 2022 adjusted profit may fall 8-10%, as impairments rise from 2021’s A$567 million write-back and 1H’s A$284 million”.

“Costs may stay high as ANZ said investments would peak in fiscal 2022 and subsequent declines could be booked as savings, given inflation will make other cost cuts tricky and the A$8 billion target tough to hit,” the pair added.

Checking analyst recommendations provided by Bloomberg data reveals that 50% of coverage has ANZ rated as a buy, whereas roughly 44% have it as a hold.

The remaining 6% of analysts covering ANZ urge their clients to sell their positions.

In the last 12 months of trade, the ANZ share price has slipped 6% in the red. It’s also down around 7% over the past month.

The post Already down 7% in 2022, is the ANZ share price cheap? appeared first on The Motley Fool Australia.

More reading

• This is the best ASX bank share to buy in a rising rate environment: Citi
• How does the ANZ dividend compare to the other ASX 200 banks?
• What’s the outlook for ASX 200 bank shares amid rising interest rates?
• Is the ANZ share price a buy and a dividend opportunity?
• Why is the ANZ share price sliding on Monday?

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up 0.2% to 7,108.7 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are sinking:

Brambles Limited (ASX: BXB)

The Brambles share price is down 8% to $10.70. Investors have been selling the logistics solutions company’s shares after it revealed that takeover talks with CVC Capital Partners have collapsed. Brambles will now focus on implementing the Shaping our Future transformation plan.

James Hardie Industries plc (ASX: JHX)

The James Hardie share price is down 3% to $37.61. This is despite the building materials company’s fourth quarter update revealing a 20% lift in quarterly global net sales to US$968 million. This underpinned a 24% year on year increase in James Hardie’s global net sales to US$3.6 billion for FY 2022. However, this was a touch short of consensus estimates.

Seek Limited (ASX: SEK)

The Seek share price is down 4% to $24.36. This may have been driven by the release of a bearish broker note out of Goldman Sachs. Its analysts have retained their sell rating and cut their price target on the job listings company’s shares to $26.60. Goldman is expecting strong earnings growth in FY 2022 but then an extremely sharp slowdown in FY 2023.

Sezzle Inc (ASX: SZL)

The Sezzle share price is down 6.5% to 64.5 cents. Investors have been selling this buy now pay later provider’s shares due to weakness in the tech sector. In addition, the re-release of its quarterly update may not be helping with sentiment. Several weeks after its initial release, Sezzle has reminded investors of its slowing growth and sizeable losses.

The post Why Brambles, James Hardie, Seek, and Sezzle shares are sinking appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• Why is the Sezzle share price tumbling on Tuesday?
• ASX 200 midday update: Brambles takeover talks end, resources shares charge higher
• ‘Future-proof your portfolio’: experts pick 3 quality growth ASX shares to buy
• James Hardie share price stumbles despite 36% lift in annual sales

Motley Fool contributor James Mickleboro has positions in SEEK 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 recommended SEEK 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 All Ordinaries Index (ASX: XAO) is higher today, but three ASX mining shares are outperforming the index.

The All Ordinaries Index is up 0.27% today to 7,345.8 points. For context, the S&P/ASX 200 Resources Index (ASX: XJR) is 1.25% higher at the time of writing, while the S&P/ASX 200 Materials Index (ASX: XMJ) is 0.86% in the green.

Let’s take a look at three ASX explorers doing well today.

Red 5 Ltd (ASX: RED)

The Red 5 share price is surging 9.09% today. Red 5 is exploring gold at the King of the Hills Gold Project in Western Australia. The spot gold price rebounded 0.8% overnight due to softening US bond yields. The company’s share price has leapt 5% since market close on 11 May. On 12 May, Red 5 revealed ore processing had started at the company’s King of the Hills project. Red 5 managing director Mark Williams said:

This is a key milestone for King of the Hills, delivered on time and on budget, and puts us on track for first gold production in the near future.

Renascor Resources Ltd (ASX: RNU)

The Renascor Resources share price is soaring 6.67% today. Renascor is developing the Siviour Graphite project in South Australia. Graphite is the anode material for batteries in electric vehicles (EV). The company’s share price appears to be jumping amid strong market sentiment among ASX graphite shares. The Novonix Ltd (ASX: NVX) share price is up 1.32% today, Syrah Resources Ltd (ASX: SYR) is leaping 5.62% and Black Rock Mining Ltd (ASX: BKT) is climbing 1.25%. Renascor raised $65 million via a share placement in late April to push expansion and development of the Siviour project.

Ioneer Ltd (ASX: INR)

The Ioneer share price is up 8.66% at the time of writing, settling from its intraday high of more than 10% higher. Ioneer is exploring the Rhyolite Ridge Lithium-Boron project in Nevada, USA. The company’s shares are rising amid strong lithium sentiment. ASX lithium explorers Mineral Resources Limited (ASX: MIN) and Core Lithium Ltd (ASX: CXO) are also up 5.36% and 7.17% respectively today. Lithium is a critical component in EV batteries. In a recent presentation in Sydney, Ioneer said its Rhyolite Ridge project is “ideally positioned” to serve the US battery supply chain.

The post 3 ASX All Ordinaries mining shares having a terrific Tuesday appeared first on The Motley Fool Australia.

More reading

• Does the ETFS Battery Tech & Lithium ETF (ACDC) pay dividends?
• Australian Strategic Materials share price sinks 12% following rally
• Are these 2 small ASX shares too cheap to ignore?
• Incannex share price pops 9% on FDA news
• Why BlueScope, OFX, Pilbara Minerals, and Step One shares are pushing higher

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 ETFS Battery Tech & Lithium ETF (ASX: ACDC) is certainly one of the more interesting exchange-traded funds (ETFs) on the ASX to watch.

Lithium, green metals, and battery technology are all areas of investing that have seen an enormous level of investor interest over the past year or two. And this ETF covers this space in all its glory. Not to mention its eye-catching, high voltage ticker code.

The ACDC ETF has been around since September 2018. It invests in a basket of global shares that collectively cover battery technology and green metal producers. Some of its top holdings are ASX shares like Mineral Resources Limited (ASX: MIN) and Pilbara Minerals Ltd (ASX: PLS). But it also counts international giants like Lockheed Martin, Hyundai Electric, and Toshiba Corp.

Since its inception, investors have enjoyed some meaningful returns from this ETF. Since September 2018, ACDC units have averaged a return of 17.8% per annum. That’s despite a loss of 15.5% over the past six months.

But many investors like to invest for income as well as capital gains. So how does ACDC fare in this department? Does this ETF pay out dividend distributions?

ACDC: Does this ASX ETF pay dividends?

Well, the answer to that question is yes. ACDC does indeed pay dividend distributions. It does so once a year, usually on 15 July.

Its last dividend distribution was doled out on 15 July 2021. This was a payment of $6.31 per unit, which came with a small number of franking credits too. This gives the ETFS Battery Tech & Lithium ETF a trailing distribution yield of 7.68% on current pricing.

Take that with a grain of salt though. ETFs like ACDC can be inconsistent when it comes to their distributions. Although investors enjoyed this monster payout last year, the previous two years saw dividend distributions of 79.18 cents per unit and $1.24 per unit respectively.

We haven’t yet heard what kind of dividend distributions are coming investors’ way in 2022 yet. But it will be interesting to see what this ASX ETF comes up with this time.

The ETFA Battery Tech & Lithium ETF charges a management fee of 0.69% per annum.

The post Does the ETFS Battery Tech & Lithium ETF (ACDC) pay dividends? appeared first on The Motley Fool Australia.

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• What is a megatrend and which ones are impacting ASX shares right now?

Motley Fool contributor Sebastian Bowen has positions in Lockheed Martin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lockheed Martin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Australian Strategic Materials Ltd (ASX: ASM) share price is handing back all of Monday’s gains and then some today.

At the time of writing, the Australian Strategic Materials share price is $5.06. That’s 12% lower than its previous close and 3.78% lower than it was at the end of Friday’s session.

For context, the broader market is in the green today. Right now, the All Ordinaries Index (ASX: XAO) is recording a 0.17% increase.

Let’s take a look at what’s going on with the critical metals producer this week.

Australian Strategic Materials share price tumbles

Australian Strategic Materials’ shares are plunging back into the red on Tuesday.

It surged 9% yesterday after it exited a trading halt with news Korea’s KCF Energy is investing US$15 million ($21.44 million at today’s exchange rate) to buy new shares in the company for $8.90 apiece.

The Seoul-based company also agreed to revise the pair’s framework agreement and negotiate a five-year offtake agreement for the supply of 2,800 dry metric tonnes of NdFEB alloy from the Korean Metals Plant.

The framework negotiations will see the companies discussing more investments in the ASX-listed critical metals producer.  

Thus, today’s drop could be a simple market correction after yesterday’s buying frenzy.

This week’s movements included, shares in Australian Strategic Materials are trading 55% lower year to date. Though, they have gained 19% since this time last year.

The post Australian Strategic Materials share price sinks 12% following rally appeared first on The Motley Fool Australia.

More reading

• Here’s why the Australian Strategic Materials share price is surging 31% today
• Why is the Australian Strategic Materials share price frozen 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 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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Plenty of small ASX shares have experienced volatility in 2022. Could they now be too cheap to ignore?

A business isn’t necessarily better value after dropping in price. There could be a worsening of trading conditions, meaning the lower share price could be justified.

It could also be important to note that the ASX share market, or specific businesses, could keep falling from here. There isn’t a rule about when a business will reach the bottom of its decline.

However, investors can only take advantage of good opportunities if they actually jump on them. Could the below two businesses be good ideas?

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is an ASX retail share with a market capitalisation of $138 million, according to ASX. It is a specialty retailer of male and female personal grooming products. It wants to be the market leader of “all things related to hair removal”.

The company is expanding its product range into other areas like oral care, hair care, massage, air treatment, and beauty categories.

The Shaver Shop share price has fallen by more than 13% in the last month.

Despite all of the impacts from COVID-19 lockdowns, Shaver Shop achieved growth in certain financial metrics in the first half of FY22. Total sales grew by 2.8% to $127.1 million, while corporate store online sales increased by 37.2% to $51.6 million.

While the HY22 earnings per share (EPS) dropped by 9.8 to 10.6 cents, the dividend per share was increased by a large 40.6% to 4.5 cents per share.

The small ASX share thinks that it’s well placed to benefit from new COVID-19 era customers turning into loyal, repeat customers. It continues to target new store openings in Australia and New Zealand.

In the second half of FY22 to 17 February 2022, total sales increased 6.2% and online sales were up 23.8%.

The broker Ord Minnett thinks that the Shaver Shop share price is a buy, with a price target of $1.30. The broker thinks the FY23 grossed-up dividend yield is going to be 13.7%.

At the time of writing, Shaver Shop shares are changing hands for $1.04 apiece.

Dusk Group Ltd (ASX: DSK)

Dusk is also an ASX retail share. It has a market capitalisation of $134 million according to the ASX.

This business describes itself as an Australian specialty retailer of home fragrance products, both through its stores and online. It sells candles, ultrasonic diffusers, reed diffusers, and essential oils, as well as fragrance-related homewares.

The Dusk share price has dropped by 32% since the beginning of 2022. It recently announced that it wasn’t going ahead with the acquisition of Eroma.

While total sales went backwards in the first half of FY22 mostly due to lockdowns, there were some positive numbers. The pro forma gross profit margin increased from 67.7% in the prior corresponding period to 68% in HY22. The small ASX share also added six new stores to finish the period with a network of 128 stores.

It has a trailing grossed-up dividend yield of 13.2%.

Management sees expansion into New Zealand and a continued store rollout in Australia as opportunities.

However, the company warned that in the second half, consumer sentiment continued to be “soft”.

The post Are these 2 small ASX shares too cheap to ignore? appeared first on The Motley Fool Australia.

More reading

• 2 ASX dividend shares expected to pay HUGE yields in 2022

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 Dusk 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 Incannex Healthcare Ltd (ASX: IHL) share price is soaring during mid-afternoon trade.

This follows the company’s positive pre-investigational new drug application (pre-IND) meeting with the United States Food and Drug Administration (FDA).

At the time of writing, the healthcare company’s shares are trading at 49.5 cents, up 8.79%.

FDA responds to IHL-42X pathway

According to the company’s announcement, Incannex reported it received positive feedback from the FDA pre-IND meeting regarding the regulatory pathway for its IHL-42X.

Incannex’s IHL-42X is a novel therapy that comprises dronabinol and acetazolamide. The medical therapy is targeted for the potential treatment of obstructive sleep apnoea (OSA) in adults.

In February, Incannex submitted a pre-IND meeting package and meeting request to the FDA. This included an overview of the development program and questions relating to regulatory requirements for opening an IND application.

To conduct clinical trials for any medical product in the United States, an IND must be opened.

The FDA provided “guidance on Incannex’s proposed long-term development strategy, as well as specific parameters to demonstrate safety and efficacy in phase 2 and 3 pivotal studies”, the company said.

Furthermore, the FDA agreed that Incannex doesn’t need to conduct studies in animals for opening an IND for IHL-42X. This will save time and cost to the company which can now proceed with the adjustment of clinical trial designs to open an IND.

What did management say?

Incannex chief scientific officer Dr Mark Bleackley welcomed the feedback, saying:

The FDA’s interest in IHL-42X as a potential therapy for OSA was extremely encouraging.

…The agency’s responses to the specific questions we posed allow us to revise our clinical trial protocols, to ensure that we are running highly efficient studies that generate the type and amount of data the FDA will require in a future marketing application.

The results from the pre-IND meeting will shape the IHL-42X development program over the coming months.

Incannex share price snapshot

Over the past 12 months, the Incannex share price has rocketed by around 83% in value.

However, year to date, its shares are down 20%.

The company’s shares reached a multi-year high of 75.5 cents in March, before giving up their gains.

On valuation metrics, Incannex has a market capitalisation of around $633 million.

The post Incannex share price pops 9% on FDA news appeared first on The Motley Fool Australia.

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• Here’s why the Incannex share price is rocketing 18% today
• Down 25% in a month, the Incannex share price is now halted. Here’s why
• How have ASX cannabis shares been performing so far in 2022?

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 Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 7,104.6 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

BlueScope Steel Limited (ASX: BSL)

The BlueScope share price is up 2% to $17.91. This appears to have been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has upgraded this steel manufacturer’s shares to a buy rating with a $25.30 price target. Goldman commented: “Painted steel & comp analysis implies BSL undervalued.”

OFX Group Ltd (ASX: OFX)

The OFX share price is up 8.5% to $2.69. Investors have been buying this international payment services company’s shares following the release of its full-year results. OFX reported a net profit after tax of $24.5 million, which is double what it achieved a year earlier. This was driven by healthy margins and a strong performance in the corporate segment.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 4.5% to $2.72. This follows a strong day of trade in the materials sector on Tuesday, which has seen a number of lithium miners charge higher. This has helped drive the S&P/ASX 200 Materials index 0.8% higher this afternoon.

Step One Clothing Ltd (ASX: STP)

The Step One share price has rebounded 38% to 29 cents. Bargain hunters appears to believe that this underwear retailer’s shares were oversold on Monday following the release of a disappointing trading update. The team at Morgans is sticking with Step One. This morning the broker retained its add rating. And even though it has taken an axe to its price target and cut it by 75% to 60 cents, this still implies major upside potential.

The post Why BlueScope, OFX, Pilbara Minerals, and Step One shares are pushing higher appeared first on The Motley Fool Australia.

More reading

• The Step One share price rocketed 35% today! Here’s why
• OFX share price soars 8% on record FY22 results
• Why is the Pilbara Minerals share price climbing today?
• 2 sold-off ASX shares essential for electric cars
• Own ASX lithium shares? Here’s a global expert’s outlook on lithium demand (and supply)

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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Yesterday we looked at three ASX shares brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with brokers right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Seek Limited (ASX: SEK)

According to a note out of Goldman Sachs, its analysts have retained their sell rating and cut their price target on this job listings giant’s shares to $26.60. This is despite the broker forecasting Seek to deliver EBITDA ahead of consensus estimates and up 57% year on year in FY 2022. Goldman doesn’t believe this strong growth will be sustained and is forecasting a modest 4% lift in FY 2023. In light of this, it feels its shares are expensive at the current level. The Seek share price is trading at $24.39 on Tuesday.

Wesfarmers Ltd (ASX: WES)

A note out of Citi reveals that its analysts have downgraded this conglomerate’s shares to a sell rating and cut their price target on them to $42.00. The broker has been looking at the retail sector and appears to have concerns over the impact that high fuel prices, rising interest rates, and the resumption of travel will have on consumer confidence. The Wesfarmers share price is fetching $49.73 this afternoon.

Xero Limited (ASX: XRO)

Analysts at UBS have retained their sell rating and cut their price target on this cloud accounting platform provider’s shares to $70.00. While Xero outperformed the broker’s revenue expectations, its subscriber numbers fell short and no operating leverage emerged. However, the main sticking point for the broker is the company’s lack of cash flow. UBS feels this makes its valuation stretched despite recent weakness. The Xero share price is trading at $86.18 today.

The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

More reading

• Why this fund manager is backing Xero shares for the rest of 2022
• ‘Future-proof your portfolio’: experts pick 3 quality growth ASX shares to buy
• 5 things to watch on the ASX 200 on Tuesday
• What’s dragging on the Wesfarmers share price on Monday?
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has positions in SEEK Limited. 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 Wesfarmers Limited and Xero. The Motley Fool Australia has recommended SEEK 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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This year is shaping up to be a successful one for ASX dividend shares. Patient passive income investors are reaping the rewards of holding less ‘growth-oriented’ names.

We know each year in the stock market can be full of twists and turns. This year the prevailing thematic is rising interest rates caused by stubborn inflation. Consequently, the once unloved income-generating corner of the market is now getting much more attention as investors hunt down proven business models that are already producing returns.

In light of this, we are taking a look at the five top-performing dividend shares inside the All Ordinaries Index (ASX: XAO) devouring the market this year.

ASX dividend shares racking up capital growth

New Hope Corporation Limited (ASX: NHC)

Breaking the ice in our countdown of top performers is coal miner, New Hope. This company has swung from declining revenues and unprofitably to significant growth and bountiful cash flows amid an energy crisis.

Shareholders are swimming in returns thanks to the coal price rampantly running higher this year. At the start of 2022, the coal price was hovering around US$170 per tonne. Since then, it has skyrocketed by around 136% to around US$400 — with most of those higher prices going straight to the company’s bottom line.

Additionally, the extra cash means New Hope has been able to pay out more in dividends to shareholders. Currently, the company trades on a dividend yield of 9.4%. Shares in New Hope are 67.3% higher so far this year.

Grange Resources Limited (ASX: GRR)

The next top-performing ASX dividend share hitting our list is another commodity company. Grange Resources is an iron ore producer rallying on strong commodity demand.

In February, Grange released its full-year financial results outlining an incredible 58% increase in earnings. Collecting $321.6 million in net profits put the company in good stead to splurge on dividends paid out to shareholders.

At 12 cents per share for the trailing 12-month period, Grange Resources is presenting a dividend yield of 9.84%. On top of this, the share price has appreciated by 67.5% since this year kicked off.

Coronado Global Resources Inc (ASX: CRN)

Coronado is an ASX share that has had such a good year it decided to announce a special dividend. The metallurgical coal mining company with operations across Australia and the United States has benefitted from the aforementioned rising prices in the energy-dense commodity.

Shareholders were celebrating last month when Coronado posted the best quarterly revenue it has had in its existence. The stellar result allowed the company to initiate the payment of dividends to its investors.

This ASX dividend share is trading on a yield of 5.26% once the special dividend is factored in. Most impressively, the share price has returned 75.8% so far this year.

Whitehaven Coal Ltd (ASX: WHC)

If there’s one thing coal companies haven’t been burning this year, it is cash — that’s right, yet another coal producer landing in the top-performing ASX dividend shares list.

Much like its peers, Whitehaven Coal went from a cash losing operation to posting its biggest half-year net profit in the space of a year. The company achieved net profit after tax (NPAT) of $340.5 million on $1,443 million of revenue — an earnings margin of 24%.

Investors are relishing the attractive 3.1% yield being offered by Whitehaven. However, the 88.1% share price gain since the start of the year steals the show.

Yancoal Australia Ltd (ASX: YAL)

If you have stuck with us, you have probably noticed a common theme for which ASX dividend shares are enjoying a strong tailwind. Yes, believe it or not, four out of the five top-performing companies are coal producers.

I think you know the drill by this point. Yancoal’s bottom line has been boosted by booming coal prices this year. Those shareholders lucky enough to have it in their portfolio before 2022 have captured a 114.2% gain.

At the time of writing, this ASX dividend share is offering an attractive 8.9% yield.

The post Here are the best performing dividend shares in the ASX All Ords so far in 2022 appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 shares smashing multi-year highs today
• ASX 200 midday update: Brambles takeover talks end, resources shares charge higher
• My fund just went up 51%: This is how I did it
• 3 ASX All Ordinaries shares hitting multi-year highs on Monday
• 2 ASX 200 shares clocking multi-year highs on Thursday

Motley Fool contributor Mitchell Lawler 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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