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It’s often seen in share markets that a group of shares that are completely out of favour in one year will outperform the next.

After all, simple mean reversion would tell you that a beaten up stock will have more upside as opposed to another that has already been well celebrated by investors.

That’s the attitude Switzer Financial Group director Paul Rickard is taking into the new year with growth shares.

“What we’ve seen in the last six to nine months is that the market’s punished growth stocks with interest rates going up,” he said on a Switzer TV Investing video.

“To get away from the defensive end of the market, you have to have the view that inflation has peaked and therefore the next big movement in interest rates is down.”

Rickard said the November consumer price index figures for the US, which will be revealed mid-December, could act as confirmation of that thesis. Although even if it doesn’t happen next month, the signal will eventually occur down the track.

Considering this, all three of Rickard’s top stock tips for 2023 are in the growth style:

Share price ‘breakthrough’ coming 

Biotechnology company CSL Limited (ASX: CSL) is an oldie but a goodie for Rickard.

It’s been something of a sleeping giant in recent years as the share price has merely moved sideways, never getting close to the pre-COVID peak of around $336. 

But Rickard noted that it has tried to burst through the $300 barrier about four times this year.

“I think we’re going to see that breakthrough at some stage,” he said.

“It’s actually up year to date, which might surprise a number of people.”

Rickard thought the takeover of Swiss company Vifor was positive, as it operates in a valuable part of the health industry fighting kidney disease.

“Not a huge contribution to profit this year, about US$300 million,” he said.

“But CSL had the same [situation] when it acquired Sequiris, which was the influenza vaccines business. That took a few years to work really well for CSL.”

‘Back a winner’

Investment bank Macquarie Group Ltd (ASX: MQG) has seen its share price take a 16% hit year to date, which Rickard attributes to its exposure to the wider corporate world.

“As interest rates go up, we see the business cycle slow down a bit and investors get nervous. We’ve seen the slowdown in private equity and fewer IPOs,” he said.

“It becomes harder to sell assets because there’s just not as much interest.”

But for Rickard, anyone looking with a long-term horizon would have to back the Holey Dollar.

“You back a winner. It’s in the top two or three Australian companies. 60% of its revenues are now [from] offshore,” he said.

“It has a mix of what it calls market-facing and non-market-facing businesses.”

The other reason Rickard is bullish on Macquarie is it has a similar trait to CSL.

“It has a history of positive surprises. It under-promises — gets cautious, gets conservative in its outlook statements — then likes to over-deliver.”

‘Big opportunities’ in the US and the UK

The third pick for Rickard is the cloud accounting software maker Xero Limited (ASX: XRO).

The Xero share price has unfortunately more than halved in 2022.

“Its next leg of growth is in the US and the UK, and that’s struggled a little bit,” said Rickard.

“Not that it’s not growing, but it’s not growing at the rate the market wants it to grow.”

Rickard believes that Xero can turn the situation around and conquer those expansion markets for two reasons

“We know their software is pretty good, it’s very sticky, people love it,” he said.

“Surprisingly, the market, in terms of provision of small business software, in the UK and the US is actually behind Australia. Despite some global giants in that marketplace, there’s big opportunities.”

Despite a new chief executive due to take the reins in 2023, Rickard pointed to the technology company’s growth history.

“I think it’s going to get there,” he said.

“You back something that, again, has been pretty successful and it’s demonstrated some great metrics.” 

The post ‘Back a winner’: Expert names his 3 best ASX shares for 2023 appeared first on The Motley Fool Australia.

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More reading

• 2 high quality blue chip ASX 200 shares named as buys by analysts
• The 10 ASX 200 shares responsible for 60% of all Aussie dividends last quarter
• CSL share price ‘ticks all the defensive boxes’: fundie
• ‘Over 100% gain next year’: Expert picks 3 best ASX shares for 2023
• 3 ASX shares to combat the next market dip: experts

Motley Fool contributor Tony Yoo has positions in CSL Ltd., Macquarie Group Limited, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. and Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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Are you looking for ASX 200 dividend shares to buy in December? If you are, then you may want to check out the two listed below that have recently been named as buys.

Here’s why brokers rate them highly right now:

National Australia Bank Ltd (ASX: NAB)

Analysts at Goldman Sachs believe that NAB could be an ASX 200 dividend share to buy.

This is due partly to its strong position in commercial banking, which the broker believes is the better part of the market to be right now given the challenging housing market.

Goldman has a buy rating and $35.41 price target on the banking giant’s shares. It commented:

We are Buy rated on NAB given i) we see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic, ii) NAB has delivered the highest levels of productivity over the last three years, which we think leaves it well positioned for an environment of elevated inflationary pressure, iii) NAB’s cost management initiatives, which seem further progressed vs. peers, have freed up investment spend to be more directed towards customer experience as opposed to infrastructure (it is the only major bank to be growing above system in both domestic lending and deposits over the last 12 months). The stock is trading at a discount to peers, versus the historic average discount of 11%.

As for dividends, Goldman is forecasting fully franked dividend yields of 5.5% in FY 2023 and 5.6% in FY 2024.

Suncorp Group Ltd (ASX: SUN)

The team at Morgans appears to see Suncorp as another ASX 200 dividend share to buy.

Suncorp is of course one of Australia’s leading insurance and banking companies and the owner of brands including AAMI, Apia, Bingle, GIO, Shannons, Suncorp, and Vero.

Morgans currently has an add rating and $13.98 price target on its shares. The broker believes its shares are trading at an attractive level and sees a lot of positives from its efficiency program. It commented:

While weather remains volatile, we think SUN’s underlying business trends continue to broadly track in the right direction. SUN will also reap the full benefits of its efficiency program in FY23 and we see SUN’s current valuation as undemanding, e.g. FY23 PE multiple of 13x and a 6% dividend yield.

At present, the broker is forecasting fully franked dividends per share of 77.5 cents in FY 2023 and 80 cents in FY 2024. Based on the current Suncorp share price of $12.00, this will mean yields of 6.45% and 6.65%, respectively.

The post Brokers name 2 ASX 200 dividend shares to buy in December appeared first on The Motley Fool Australia.

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More reading

• The 10 ASX 200 shares responsible for 60% of all Aussie dividends last quarter
• Which ASX 200 bank share stands to benefit the most from ‘good borrowers’?
• Could NAB shares pay bigger dividends in the future?
• If I’d bought $5,000 of NAB shares at the start of this year, guess how much I’d have now
• Will ASX 200 shares bottom before the year is out? Here’s Macquarie’s ‘best guess’

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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Bell Direct market analyst Grady Wulff names two cheap ASX shares to buy and one to hold.

Cut or keep?

The Motley Fool: Let’s examine three ASX shares that have been devastated this year and see if you think each of these fallen stars is now a bargain to pick up or if you’d stay away.

The first one is the baby formula mob Bubs Australia Ltd (ASX: BUB), which has halved since mid-August. What do you reckon?

Grady Wulff: Bubs Australia, it is a buy from Bell Potter and Bell Direct and myself. 

It’s a really well positioned stock, it’s a needed stock. They produce what we need in the world. There’s always going to be demand for baby formula. Obviously, they’ve been sold off this year. 

We’ve seen a bit of headwinds in the fact that China and Hong Kong shipments are down as their competitor A2 Milk Company Ltd (ASX: A2M) is really specifically focusing on the Chinese market through a2 Milk’s partners Synlait Milk Ltd (ASX: SM1), but this really opens up the domestic market for Bubs to target in Australia. 

Also, given the fact that they were the first one in Australia to get the FDA approval to help out with the US baby formula shortage — and a2 Milk only just got approved, and they’ve only been approved until January. So Bubs is definitely looking to have that strength and that competitive advantage and that’s not going away anytime soon. We know US consumers are loving the Bubs formula, so it’s looking good. 

Revenue’s expected to double by 2025, impacts set to hit profit next year, and the company has a cash balance of $23.3 million. So they’re looking really good. 

They are sold off at the moment, as you said, but it’s just a tough time in the market. So we are definitely bullish on this one.

MF: Next one is Temple & Webster Group Ltd (ASX: TPW), which has fallen 56% year to date. What are your thoughts?

GW: Temple & Webster is a keep at the moment. It’s not a buy or sell, it’s a keep or a hold with us with a price target of $6. 

They’re profitable, the strategy is near term but at the moment, we’ve seen online furniture, and just furniture shopping in general, has not been a priority for a lot of consumers in Australia. We’ve seen consumer demand going down, especially with rising interest rates. We also noticed that there was a tailwind during COVID because everyone was staying at home — everyone thought “Let’s change my house around, let’s buy new furniture”. So that has definitely come down in FY22 and FY23.

The good thing about this is that they’re a leader in the online space. So we have seen that shift over the pandemic, post-pandemic, into online shopping, which is not going away anytime soon. So they’re really well capitalised to benefit from this. 

But yeah, the higher margins from pre-COVID level or during COVID levels aren’t going to be seen for a long time to come, because everyone’s done their shopping. Everyone’s more value-focused as opposed to luxury-focused. So at the moment, we’ve got anticipated weakened demand by consumers. 

MF: And the last one, I think, is an American mob but listed here in Australia. Avita Medical Inc (ASX: AVH), which has dropped 41.5% year to date.

GW: A UK company. They are well capitalised while expecting to release major clinical trial results in the near future. At the moment, it’s a speculative buy rating with the price target of $3 from Bell Potter. 

The company is making waves and they’ve got really strong revenues up 29% year on year to US$9.1 million for the commercial product sales, but they are burning a lot of cash. That’s one thing to keep in mind. They’ve burnt $16.2 million in cash from the nine months to September 30, but the company is well funded with $88.2 million in the bank. So they’re okay on the monetary front.

The revenues were 7% above what Bell Potter expected for the September quarter. And the company, at the moment, is waiting for the catalyst of its PMA supplements being lodged and reporting on secondary endpoints for vitiligo, the skin condition. They have specific products for that. They expect to lodge the supplements for PMA soon and it’s looking to get approval mid-2023. So around that approval coming through that the company really takes off. 

But while we’re waiting for that, it definitely is one to watch and potentially one to look into for next year.

The post 2 absolute bargain ASX shares to buy right now: analyst appeared first on The Motley Fool Australia.

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More reading

• Why Bubs, City Chic, Collins Foods, and Queensland Pacific Metals are sinking today
• Why Bank of Queensland, Bubs, City Chic, and Liontown shares are sinking
• Why is the Bubs share price tumbling 9% to a 52-week low on Monday?
• Up 40% in six months, can the A2 Milk share price keep rising?
• Why has the A2 Milk share price rocketed 18% so far this month?

Motley Fool contributor Tony Yoo has positions in Avita Medical Limited, BUBS AUST FPO, and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Avita Medical Limited and Temple & Webster Group Ltd. The Motley Fool Australia has recommended A2 Milk, Avita Medical Limited, BUBS AUST FPO, and Temple & Webster Group Ltd. 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was back on form and charged higher. The benchmark index rose 0.3% to 7,253.3 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to edge lower

The Australian share market looks set to edge lower on Wednesday following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 3 points lower this morning. In late trade on Wall Street, the Dow Jones is down 0.1%, the S&P 500 is down 0.25%, and the Nasdaq has fallen 0.6%.

Oil prices rise

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good day after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.8% to US$78.60 a barrel and the Brent crude oil price has risen 0.8% to US$83.84 a barrel. Oil prices rose amid hopes that China could ease COVID restrictions and boost demand.

Whitehaven Coal upgraded

The Whitehaven Coal Ltd (ASX: WHC) share price could be great value according to analysts at Bell Potter. This morning the broker has upgraded the coal miner’s shares to a buy rating with an improved price target of $11.00. It commented: “Upside risk to pricing across the energy complex in the northern hemisphere winter, exacerbated by sanctions on Russian supply, are the key drivers of our strong coal price, near-term WHC earnings and dividend outlook and recommendation upgrade.”

Gold price higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.6% to US$1,7.9 an ounce. The gold price rose thanks to the softening of the US dollar and hopes of slower rate hikes.

Broker says buy the Collins Foods weakness

Analysts at Morgans see value in the Collins Foods Ltd (ASX: CKF) share price following a selloff on Tuesday. This morning, the broker has retained its add rating with a slashed price target of $9.50. The broker commented: “We maintain an ADD rating. We believe the forward multiples are sufficiently low to warrant a consideration of the medium-term recovery in margins.”

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Morgans tips these ASX 200 shares to jump 20%
• Guess which ‘boring’ ASX 200 share became one of the top dividend boosters of 2022
• Here are the top 10 ASX 200 shares today
• The 10 ASX 200 shares responsible for 60% of all Aussie dividends last quarter
• The Webjet share price hit a new 52-week high today. What’s going on?

Motley Fool contributor James Mickleboro has positions in Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Collins Foods Limited. The Motley Fool Australia has recommended Collins Foods 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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If you’re looking for some new portfolio additions, then you may want to check out the two ASX 200 shares listed below that have been tipped to climb over 20% by analysts at Morgans.

Here’s what the broker is saying about them:

Aristocrat Leisure Limited (ASX: ALL)

Morgans is feeling bullish about this gaming technology company. Its analysts recently put an add rating and $43.00 price target on its shares.

Based on the current Aristocrat share price of $35.45, this implies potential upside of 21% for investors over the next 12 months.

Its analysts believe post-results share price weakness has created a buying opportunity for investors. It said:

Whether it was the disappointment of there being no acquisition announcements today, the negative effect of higher finance costs on future estimates, or simply a reaction to FY22 earnings coming in slightly below consensus, the 5% decline in ALL’s share price today creates a buying opportunity. We have taken our NPATA estimates down by 1.1% in FY23 and 0.9% in FY24 (higher finance costs) but, even after those adjustments, forecast 14.7% growth in FY23 and 7.9% in FY24. We reiterate our $43.00 12-month target price and ADD recommendation.

Whitehaven Coal Ltd (ASX: WHC)

Another ASX 200 share that has been tipped as a buy by analysts at Morgans is this coal miner. Earlier today, the broker reiterated its add rating with a trimmed price target of $11.20.

Based on the current Whitehaven Coal share price of $9.26, this suggests potential upside of 21% for investors. In addition, Morgans is expecting a mammoth 11.5% dividend yield, stretching the total potential return to over 32%.

The broker sees an opportunity to load up on Whitehaven Coal shares following a recent bout of profit taking. It commented:

The NEWC price correction, and likely government intervention in the domestic energy market, were easy excuses for traders to take profits, crystallising recent volatility. For investors, we see strong potential for a prolonged energy market dislocation where supply security commands a higher premium for longer. WHC is trading on a +30% free cash flow yield, with clear upside earnings/valuation risk, supporting further outsized shareholder returns over time.

The post Morgans tips these ASX 200 shares to jump 20% appeared first on The Motley Fool Australia.

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More reading

• Up 240% in 2022, is it time to cash in the chips on Whitehaven shares?
• Here are the top 10 ASX 200 shares today
• The Whitehaven chair just cashed out $1.8 million in shares. Here’s the latest
• What’s happening with ASX 200 coal shares this week?
• 5 of the craziest things making news on the ASX this 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 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 ASX 200 index is home to 200 of the largest listed companies on the Australian share market.

While there are a good number of quality options on offer in the index, two that could be in the buy zone are listed below.

Here’s what you need to know about these ASX 200 shares:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share to look at is CSL. It is one of the world’s leading biotherapeutics companies.

CSL has been a very positive performer over the last decade thanks to successful acquisitions, its high level of investment in R&D activities, a growing plasma collection network, and its leading therapies and vaccines.

In respect to the latter, CSL’s portfolio includes lucrative and life-saving products such as Privigen, Hizentra, Idelvion, and Afstyla. But management never rests on its laurels and invests heavily in its R&D each year. And when I say heavily, I mean it! Each year the company invests in the region of 10% to 12% of sales into these activities. This means that it invested over US$1 billion on R&D in FY 2022. This ensures that the company has a pipeline of lucrative potential products to stay ahead of the competition and drive future growth.

One broker that is particularly positive on the company is Citi. It currently has an add rating and $340.00 price target on its shares.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

Goodman has a world class portfolio of in-demand warehouses, large scale logistics facilities, and business and office parks. In fact, demand is so strong that it currently boasts an occupancy rate of 99%. This helped underpin solid like-for-like net property income (NPI) growth during the first quarter despite the tough operating environment.

Looking ahead, the company appears well-placed to benefit from tight market conditions and its significant development pipeline.

Goldman Sachs is a big fan of Goodman. It currently has an overweight rating and $24.20 price target on the company’s shares.

The post 2 high quality blue chip ASX 200 shares named as buys by analysts appeared first on The Motley Fool Australia.

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More reading

• CSL share price ‘ticks all the defensive boxes’: fundie
• ‘Over 100% gain next year’: Expert picks 3 best ASX shares for 2023
• 3 ASX shares to combat the next market dip: experts
• I’d aim for $1 million in retirement buying just 10 ASX 200 shares
• Why this could be a ‘powerful driver of sector dominance’ for CSL shares: Wilsons

Motley Fool contributor James Mickleboro 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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AMP Ltd (ASX: AMP) shares have soared nearly 32% in the year to date.

Despite some highs and lows during the year, AMP shares have lifted from $1.01 at market close on 31 December and are now trading at a yearly high of $1.33.

Let’s take a look at how much money I would have now if I had invested in this ASX financial share at the start of the year?

Good investment?

Let’s say I had bought AMP shares for $1.01 prior to market open on 4 January.

Imagine I had put down $10,000 of my savings in this investment. I would have walked away with 9,900 shares at this price with $1 left over.

Now, these shares are worth $1.33, based on Tuesday’s closing price. So my investment would now be worth $13,167. This means I would have made $3,167 in profit year to date.

Now, let’s take a look at the bigger picture for AMP shares. On 27 January, AMP shares were fetching just 87 cents. On this day, my investment would be worth just $8,613.

However, overall, if I had bought $10,000 worth of AMP shares at the start of the year and held on to them, I would be very happy with my investment.

AMP reported positive inflows and growth across most of its operations in the third quarter. AMP bank’s loan book also lifted by $0.6 billion to $23.3 billion.

Commenting on the results, chief executive Alexis George said:

Our bank continues to grow above system with both the loan and deposit books increasing in a competitive market.

AMP share price snapshot

AMP shares have surged 32% in the past year, gaining 10% in the last month alone.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has climbed 0.19% in the last year.

The company has a market capitalisation of about $4.1 billion.

The post If you’d bought $10,000 of AMP shares at the start of the year, congrats! Here’s what you’d have now appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares hitting new 52-week highs on Wednesday
• Up 10% in a month, are AMP shares worth buying back into now?
• Is it finally safe to buy ASX shares now?
• ASX 200 shares may have just hit the bottom: AMP economist
• Looking to buy AMP shares? Here’s the latest blow to the company’s major divestment

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

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Telstra Group Ltd (ASX: TLS) increased its dividend for the first time in seven years in FY22. And now the dividend has received global recognition in the Janus Henderson Global Dividend Index report.

Telstra shares fell slightly today to close at $4 apiece. For perspective, the S&P/ASX 200 Index (ASX: XJO) rose 0.33% today.

Let’s take a look at the global dividend trend report in a little more detail.

What did the report say?

In Australia, there was an overall 13% decline in dividend payouts in the third quarter, according to the report. Global dividends increased 7% overall to $415.9 billion in the quarter.

BHP Group Ltd (ASX: BHP), Rio Tinto Ltd (ASX: RIO), and Commonwealth Bank of Australia (ASX: CBA) made the list of the top 20 dividend payers in the world in the third quarter.

The report also highlighted Telstra and Transurban were among ASX shares to significantly lift their dividends in the third quarter of the 2022 calendar year. The report said:

Banks accounted for one quarter of the Q3 total and made the largest contribution to growth; their payouts rose 5.8% on an underlying basis.

However, the biggest percentage increases came from Telstra and Transurban, the former returning surplus capital, despite lacklustre operating performance, and the latter recovering sharply from the lifting of lockdowns.

The Australian headline total fell by a fifth reflecting lower special dividends and weakness in the Australian dollar.

Telstra paid a fully franked final ordinary dividend of 7.5 cents per share in FY22, up 50% from 5 cents per share in FY21. This was paid in September. In addition, Telstra paid out a special dividend of 1 cent per share in FY22, down from a 3-cent special cash dividend in 2021.

As highlighted in Telstra’s annual results, the telco increased its dividend for the first time in seven years in FY22. This reflected the company completing its T22 strategy and “strong momentum” in the underlying business.

The company’s earnings per share (EPS) soared 48.5% to 14.4 cents per share. Looking ahead, Telstra is looking to grow its fully franked dividend as part of its T25 strategy.

Telstra CEO Vicki Brady said:

With cash flow generation and opportunities ahead to monetise assets (although we have made no decisions yet in this regard), we will focus on maximising our fully-franked dividend and seeking to grow it over time.

Share price snapshot

The Telstra share price has fallen 4% in the year to date, while it has climbed 2% in the last month.

For perspective, the ASX 200 has gained 0.15% in the past year.

This ASX share has a market capitalisation of more than $46.2 billion based on the current share price.

The post Guess which ‘boring’ ASX 200 share became one of the top dividend boosters of 2022 appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• The Webjet share price hit a new 52-week high today. What’s going on?
• Why is the Lynas share price leaping higher today?
• Why has the Novonix share price crumbled 19% in 2 weeks?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday

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 positions in and has recommended 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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The S&P/ASX 200 Index (ASX: XJO) spent the afternoon in the green on Tuesday. The index closed today’s session 0.33% higher at 7,253.3 points.

That was despite an early downturn that saw it dump as much as 0.39% to an intraday low of 7,200.9 points.

The volatility came as the market awaited a briefing from Chinese officials regarding the country’s current COVID-19 outbreak, CNBC reports.

Mining stocks were among the top performers today. The S&P/ASX 200 Materials Index (ASX: XMJ) lifted 1.7%.

Joining it in the green was the S&P/ASX 200 Health Care Index (ASX: XHJ). It lifted 0.6% amid earnings from one of its larger constituents.

It wasn’t such a bright day for energy shares, however. The S&P/ASX 200 Energy Index (ASX: XEJ) traded relatively flat, lifting just 0.03%, despite a mixed performance from oil prices overnight.

The Brent crude oil price fell 0.5% to trade at US$83.19 a barrel overnight, while the US Nymex crude oil price lifted 1.3% to US$77.24 a barrel.

All in all, four of the ASX 200’s 11 sectors closed higher today. But which stock took today’s crown? Keep reading to find out.

Top 10 ASX 200 shares countdown

Of course, today’s top performer was also the healthcare stock driving its home sector higher on Tuesday. The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price soared 10% today despite the company posting a 57% drop in after-tax profits.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$21.09	9.84%
Nanosonics Ltd (ASX: NAN)	$4.88	4.72%
Rio Tinto Limited (ASX: RIO)	$107.83	3.53%
Champion Iron Ltd (ASX: CIA)	$6.21	3.5%
South32 Ltd (ASX: S32)	$4.07	3.04%
Liontown Resources Ltd (ASX: LTR)	$1.905	2.97%
Chalice Mining Ltd (ASX: CHN)	$5.25	2.94%
Imugene Limited (ASX: IMU)	$0.18	2.86%
Sandfire Resources Ltd (ASX: SFR)	$5.13	2.81%
Novonix Ltd (ASX: NVX)	$2.24	2.75%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• The 10 ASX 200 shares responsible for 60% of all Aussie dividends last quarter
• The Webjet share price hit a new 52-week high today. What’s going on?
• Why is the Lynas share price leaping higher today?
• Ainsworth Game Tech, BHP, Fisher & Paykel, and Leo Lithium shares are charging higher
• Here’s what’s boosting these ASX 200 mining giants 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 Nanosonics Limited. The Motley Fool Australia has positions in and has recommended Nanosonics 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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Shareholders invested in just 10 S&P/ASX 200 Index (ASX: XJO) giants saw the bulk of all dividends on offer from companies listed on the Aussie bourse last quarter.

Indeed, their payouts – weighted to account for the three-month period – came to a total of $19.2 billion, according to data provided by S & P Global Market Intelligence.

That represents 62% of all the $31.1 billion offered to ASX investors during that time.

So, which ASX 200 shares helped make up the astounding figure? Keep reading to find out.

Meet the ASX 200’s dividend machines

The ASX 200 share posting the biggest dividend for the third quarter likely won’t surprise eagle-eyed market watchers. It is, of course, BHP Group Ltd (ASX: BHP).

The iron ore giant offered investors a $2.55 per share final dividend in September. As the goliath only offers two dividends per year, half of its latest offering – a whopping $6.4 billion worth, according to data provided by S & P Global Market Intelligence – can be attributed to the quarter just been.

For those playing at home, that means BHP’s latest payout can be seen to account for an eye-watering 33% of all dividends for the September quarter.

The next biggest dividend payer was Rio Tinto Ltd (ASX: RIO). It handed out around $3.2 billion of dividends for the period, as per data provided by S & P Global.

Other ASX 200 giants taking out top dividend-paying spots include Fortescue Metals Group Limited (ASX: FMG), Woodside Energy Group Ltd (ASX: WDS), and Wesfarmers Ltd (ASX: WES).

ASX 200 banks, of course, also featured heavily. Commonwealth Bank of Australia (ASX: CBA) led the big four – $1.8 billion of its dividends were attributed to the period.

National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC), and Australia and New Zealand Banking Group Ltd (ASX: ANZ) also made the top 10.

Finally, taking the last spot on the dividend leaderboard, was ASX 200 financial icon Macquarie Group Ltd (ASX: MQG). It boasted $557.5 million of dividends attributable to the period, according to data provided by S & P Global.

The post The 10 ASX 200 shares responsible for 60% of all Aussie dividends last quarter appeared first on The Motley Fool Australia.

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More reading

• Ainsworth Game Tech, BHP, Fisher & Paykel, and Leo Lithium shares are charging higher
• Here’s what’s boosting these ASX 200 mining giants today
• Can the Rio Tinto dividend maintain its high yield of 9.9%?
• Did Fortescue just lose out on this multi-billion dollar green hydrogen project?
• If you bought $20,000 worth of Westpac shares this year, here’s how much dividend income you’d have

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. 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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