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Finding a future ASX 200 dividend heavyweight can be a very rewarding activity indeed. Even if a company is readily increasing its dividends over time, its share price will follow suit.

As such, getting in early before these share price rises can make for a very happy ASX share portfolio indeed. But of course, like any successful investment strategy, this is easier said than done.

So let’s look at an ASX 200 share today that one ASX expert reckons might fit this mould.

Alistair MacLeod of Wheelhouse Partners recently sat down with Livewire. When asked to name a sustainable dividend payer, MacLeod names Lottery Corporation Ltd (ASX: TLC). Lottery Corp was spun out of Tabcorp Holdings Ltd (ASX: TAH) earlier this year, so it’s a relative newcomer to the S&P/ASX 200 Index (ASX: XJO).

MacLeod doesn’t like the look of Lottery Corp’s old parent company Tabcorp right now, calling it a “sell” and noting its “flat” dividend growth prospects. however, it was a different story when it comes to Lottery Corp.

Why this expert thinks Lottery Corp shares are a winning ticket

Here’s what MacLeod had to say on why he chose Lottery Corp shares as a future dividend winner:

It’s actually a stock that hasn’t paid a dividend yet and is not likely to in the next six months because a lot of the profits are still going back to Tabcorp. But looking forward, this is a regulated monopoly. It’s expected to have around a 4% yield. If you think about the lottery business, most people know when you’re buying a lottery ticket, it’s a bit of a mug’s game.

So the same logic goes, selling lottery tickets is a great business. If you look at the cash flows of this company, depreciation’s higher than CapEx. So cash flows are bigger than earnings. So from an income investor’s perspective, your cash flows can be 130% of what your profits are. I think there’s a lot of runway for this stock from a dividend growth perspective in a very economically defensive environment or position.

MacLeod is asked whether a 4% dividend yield is attractive in these times of high inflation.

Here’s what he said:

Well, it’s a 4% yield that’s also growing at 10%. And then you’ve got the capital base growing as well. So yes, I think it’s a good place to be, even in an inflationary environment.

A future dividend heavyweight?

So Lottery Corp is a definite dividend winner in the eyes of this ASX expert. But MacLeod isn’t the only one eyeing off Lottery Corp right now.

My Fool colleague Tony recently covered the views of fund manager Firetrail. Lottery Corp shares are currently held by Firetrail’s Australian High Conviction Fund.

The fund manager likens Lottery Corp’s cash flow stability to that of an infrastructure asset. “More importantly, revenues have shown resilience through periods of softer economic growth,” the fundie said in a recent report.

So it seems this future ASX dividend share is getting a lot of love from investors right now.

The post The ASX 200 fledgling that’s a dividend heavyweight in the making: expert appeared first on The Motley Fool Australia.

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More reading

• 2 under-the-radar ASX shares Firetrail loves right now
• Which ASX All Ords shares could perform well in a recession?

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

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The Arafura Rare Earths Ltd (ASX: ARU) share price is on hold today.

Arafura shares were put on ice before market open today and are worth 30.5 cents a piece. In today’s trade, the S&P/ASX 200 Index (ASX: XJO) is down 0.17%.

Let’s take a look at what this ASX rare earths explorer reported to the market this morning.

Trading halt

Arafura is exploring the neodymium and praseodymium (NdPr) rare earths project in the Northern Territory.

In today’s news, Arafura has requested a trading halt pending an announcement.

While the details of this announcement are not certain, Arafura has provided a potential clue in its announcement to the ASX today.

Arafura said the news relates to an “offtake agreement”. The company has requested the trading halt remains until this announcement or the start of trading on 8 November.

Arafura said:

The company is seeking a trading halt pending an announcement to the market regarding execution of a binding offtake agreement (MoU).

Arafura recently presented at a rare earths conference at the Australian National University.

The company said Nolans is the only NdPR project in Australia that plans to “mine and process ore to oxide at a single site”.

The wind turbine and electric vehicle (EV) markets are “competing for NdPR”, according to Arafura.

The company already has MOU’s with Hyundai Motor Corporation and GE Renewable Energy.

Arafura share price snapshot

The Arafura share price has surged almost 36% in the past year, while it has leapt 45% year to date.

In the past month, Arafura shares slipped 1.61%.

This ASX 300 rare earths has a market capitalisation of about $526.9 million based on the current share price.

The post Why have shares in ASX 300 rare earths miner Arafura just been halted? appeared first on The Motley Fool Australia.

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More reading

• Could this news be helping the Sayona share price light up today?
• Why is the Arafura share price sliding 6% on Friday?
• Why is the Arafura share price falling in a hole today?

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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Woodside Energy Group Ltd (ASX: WDS) shares could be looking cheap right now, according to experts.

Part of this reason is due to its annual dividend yield of 8.22%, which is one of the highest on the ASX, as well as a healthy fully franked dividend of $1.60 per share which was paid in October.

Shares of the global energy company are currently up 3.32% today, trading at $37.96 apiece.

The energy sector as a whole is in the green, too. In fact, the S&P/ASX 200 Energy Index (ASX: XEJ) is today’s best-performing sector index by a wide margin, currently up 2.82%.

Zooming out, the S&P/ASX 200 Index (ASX: XJO) is up 0.27% at the time of writing.

So let’s look at why a fund manager believes the Woodside share price could be heading higher.

What did the fund manager say?

Plato Investment Management managing director Don Hamson made some bullish comments about Woodside shares via Livewire today.

Hamson was asked to name a long-term sustainable dividend payer for 2023, with the requirement of also having a high dividend yield.

Hamson rated Woodside as a buy and said:

Well, we like the energy stocks, and we like that outlook. And longer term, we think Woodside’s a great stock. It’s got some quality assets. I know it’s in fossil fuels, but gas and LNG are on the pathway to lower emissions. It’ll help us get there. Obviously, it is benefiting from the Ukrainian crisis, but we think it’s got a great dividend outlook for a number of years.

Other experts also believe Woodside is a buy

Hamson was not the only one with a positive assessment of Woodside shares during October.

ThinkMarkets market analyst Carl Capolingua said he was bullish on Woodside’s positioning in the natural gas market. Capolingua believes there will be a natural gas shortage in the future and likes that 80% of Woodside’s business comes from this resource.

Earlier in the month, The Motley Fool’s Bruce Jackson picked Woodside as a buy due to its “dirt cheap” valuation and strong business fundamentals.

Jackson said:

Woodside is a beneficiary of the high oil and gas prices, and the lower Aussie dollar. It’s hard to imagine a better macroeconomic environment, yet at the same time, it’s equally hard to imagine what could derail the Woodside juggernaut.

Jackson also outlined other reasons to be bullish on Woodside shares, including the fact it is one of the highest-yielding ASX 200 stocks.

Woodside share price snapshot

The Woodside share price is up 72% year to date. At the same time, the ASX 200 is down 8% over the same period.

The company’s market capitalisation is around $69.76 billion.

The post With 8% yield, are Woodside shares a dividend no-brainer buy? appeared first on The Motley Fool Australia.

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More reading

• Why is the Novonix share price gaining today?
• Why has the Paladin Energy share price surged 11% in a month?
• 4 ASX 200 shares trading ex-dividend next week
• Planes, rains and automobiles: Fund names 3 ASX shares to back right now
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Matthew Farley 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 team at Morgans has been busy running the rule over a number of S&P/ASX 200 Index (ASX: XJO) shares again this month.

Among its best ideas for November are the three ASX 200 shares listed below. Here’s what the broker is saying about them:

Macquarie Group Ltd (ASX: MQG)

This investment bank remains a top pick for Morgans. The broker believes Macquarie is well-placed for the long term thanks partly to structural drivers. It commented:

We continue to like MQG’s exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.

Morgans has an add rating and $214.30 price target on Macquarie’s shares.

Telstra Corporation Ltd (ASX: TLS)

The broker is also very positive on this telco giant thanks to its successful turnaround. It also believes that Telstra’s recent restructure could unlock value for shareholders. It explained:

After a major turnaround, TLS has emerged in good shape with strong earnings momentum and a strong balance sheet. In late CY22 shareholders vote[d] on Telstra’s legal restructure, which opens the door for value to be released. TLS currently trades on ~7x EV/EBITDA. However some of TLS’s high quality long life assets like InfraCo are worth substantially more, in our view. We don’t think this is in the price so see it as value generating for TLS shareholders. This, free option, combined with likely reputational damage to its closest peer, following a major cybersecurity incident, means TLS looks well placed for the year ahead.

Morgans has an add rating and $4.60 price target on Telstra’s shares.

Treasury Wine Estates Ltd (ASX: TWE)

Finally, this wine giant is one of the broker’s top picks again this month. It believes Treasury Wine is well-placed to deliver strong earnings growth in the coming years. The broker commented:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Morgans currently has an add rating and $15.71 price target on Treasury Wine’s shares.

The post Morgans names 3 of the best ASX 200 shares to buy in November appeared first on The Motley Fool Australia.

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More reading

• Would you like to bag the latest Macquarie dividend? Read this
• 4 ASX 200 shares trading ex-dividend next week
• Here are the top 10 ASX 200 shares today
• Here’s why brokers rate these blue chip ASX 200 shares as buys
• How did the Telstra share price fare over October?

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 positions in and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Treasury Wine Estates 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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Two ASX mining shares are setting the bar high today.

While the All Ordinaries Index (ASX: XAO) remains slightly in the red during the Friday lunch hours, investors are rewarding these mining stocks after they both announced promising new discoveries.

One involves lithium, and the other platinum group elements (PGE).

So, without further ado…

ASX mining share leaps higher on lithium intersection

The first ASX mining stock that’s surging today is St George Mining Ltd (ASX: SGQ), with shares up 8.3%.

This comes after the explorer confirmed it has intersected more high-grade lithium in rock chip samples, with up to 3.25% Li2O, at its Mt Alexander Project in Western Australia.

St George said that this first drilling at the Jailbreak Prospect confirms that lithium-bearing pegmatites extend below surface.

The reverse circulation (RC) drilling is the first phase of the ASX mining share’s drill program at the Jailbreak Prospect. A diamond drill rig is scheduled to arrive within days to test for deeper extensions to the mineralised pegmatites.

Commenting on the results, St George Mining’s executive chairman, John Prineas said:

The latest assays for rock chip samples have delivered our highest-grade lithium values at Jailbreak, providing further validation of the potential for pegmatite-hosted lithium mineralisation at Mt Alexander. Significantly, the high-grade assays now extend across five pegmatites mapped across a broad area.

Which brings us to the second ASX mining share that’s flying higher today.

Palladium and platinum grab investor interest 

The Minerals 260 Ltd (ASX: MI6) share price is up 14.5% after the miner reported on the final assays from the June RC drill campaign at its Moora Project located in Western Australia.

According to the release, the results from the final RC holes confirmed the potential of the Moora Project to host palladium and platinum mineralisation.

Minerals 260 said it’s on track to commence a 10,000 to 15,000 metre drilling program by mid-November.

Commenting on PGE results sending the ASX mining share higher today, managing director David Richards said:

We have always been confident that the Moora and Koojan Projects are prospective for PGE mineralisation analogous to that discovered further south in the Julimar Mineral Province. The intersection of highly anomalous PGE and copper values coincident with a large gravity high confirms this view.

The post 2 ASX mining shares surging higher on new discoveries appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX lithium share is rocketing 25% on a new, high-grade discovery
• IGO share price in the green on high-grade lithium news

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

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The market may be having a subdued finish to the week but that hasn’t stopped one group of shares from racing higher.

In afternoon trade, a number of ASX lithium shares are smashing the market with solid gains. Here’s what’s happening:

Which ASX lithium shares are outperforming?

Here’s a summary of how some popular ASX lithium shares are performing:

• The Allkem Ltd (ASX: AKE) share price is up 5%
• The Liontown Resources Ltd (ASX: LTR) share price is up 2.5%
• The Mineral Resources Limited (ASX: MIN) share price is up 4%
• The Pilbara Minerals Ltd (ASX: PLS) share price is up 2.5%

Why are they rising?

Investors appear to have been buying lithium shares today after a strong night on Wall Street for US listed lithium stocks despite broad market weakness.

The likes of SQM, Livent, and Albemarle recorded gains of at least 3% after investors responded positively to the latter’s quarterly update.

According to Reuters, Albemarle, which is the world’s largest lithium producer, posted a better-than-expected quarterly profit and lifted its annual forecast thanks to surging prices and demand for the electric vehicle battery metal.

Albemarle reported third-quarter net profit of US$897.2 million or US$7.61 per share, up from a net loss of US$392.8 million or US$3.36 per share a year earlier. And excluding one-offs, the mining giant delivered earnings of US$7.50 per share, ahead of consensus estimates of US$6.99 per share.

Anything else?

Lithium shares were also given a boost locally today with news that the Federal government is being pushed to prioritise and pass the “electric car discount” election promise before parliament closes for the year.

If this promise is actioned, the ABC reports that it would reduce the cost of some of the most popular zero and low-emissions vehicles by $1000s. This would likely give electric vehicle sales a major boost in Australia.

Though, given how small the Australian market is, it wouldn’t necessarily have a material impact on lithium demand. But every bit counts!

The post Why are ASX lithium shares smashing the market today? appeared first on The Motley Fool Australia.

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More reading

• 2 excellent ASX growth shares that analysts say are buys
• Here are the 3 most traded ASX 200 shares on Thursday
• Is Pilbara Minerals the hottest stock on the ASX 200 right now?
• Here are the 3 most traded ASX 200 shares on Wednesday
• Why Amcor, Australian Strategic Materials, Goodman, and Pilbara Minerals are dropping

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

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It’s been a big year for S&P/ASX 200 Index (ASX: XJO) gambling and entertainment share Tabcorp Holdings Limited (ASX: TAH), and those holding it for its dividends.

The company spun out its lotteries and Keno businesses into the Lottery Corporation Ltd (ASX: TLC) in May and posted a $6.8 billion profit in August while management committed to growth.

Potentially making the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) share more attractive, it currently offers investors a whopping 13.75% dividend yield.

The Tabcorp share price is trading at 94.5 cents at the time of writing.

But is the ASX 200 dividend share too good to be true? Here’s what experts think.

Is this high-yielding ASX 200 dividend share a buy?

Tabcorp shares boast one of the highest yields on the ASX 200, having paid out 13 cents of dividends per share over the last 12 months. But is it a buy? Well, that depends on who you ask.

Plato Investment Management managing director Dr Don Hamson tips the stock as a buy, saying, courtesy of Livewire:

We think it’s good value, and they’re cycling some comparisons to a COVID-19 period when things were much tougher. So, they actually have recently announced some better results.

But the recent demerger has left a sour taste in the mouth of Hamson’s peer, Wheelhouse Partners managing director and portfolio manager Alastair MacLeod.

The fundie prefers the spun-off entity, noting that Tabcorp’s key management personnel went to the Lottery Corporation – a larger and “much higher-quality business”.

Therefore, in MacLeod’s books, the ASX 200 dividend great is a sell, as per the masthead.

It’s also worth mentioning another key implication of the demerger – its impact on dividends.

Is the Tabcorp dividend yield too good to be true?

Tabcorp’s yield is higher now than it was this time last year despite the company having paid out 14.5 cents of dividends per share in financial year 2021.

Indeed, exactly 12 months ago the ASX 200 share’s dividend yield was just 2.76%.

That’s because, as part of the split, the Lottery Corporation walked away with a huge chunk of Tabcorp’s valuation. However, the full impact on its dividends hasn’t quite been realised.

The latest Tabcorp dividend still included five months of earnings from the lotteries and Keno businesses. But they’re no longer contributing to its bottom line.

Thus, the ASX 200 shares’ dividend yield will likely look very different this time next year.

The post Is this ASX 200 share with a dividend yield of 14% too good to be true? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 dividend shares with the highest yields in Q1
• Here are the top 10 ASX 200 shares 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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Your first impulse when you see an S&P/ASX 200 Index (ASX: XJO) share paying a 19% dividend yield with 80% franking credits may be to snap up some of the stock.

While that could work out handsomely for some ASX 200 dividend shares, proceed with care.

Those dividend yields you see posted are trailing. In other words, they’re derived from the past year’s payouts and based on the current share price.

The danger here is if a company’s share price takes a dive, its trailing dividend yield will rise sharply. And if the share price is falling hard, it’s often an indication that earnings and profits in the year ahead may not match those of the year gone by. Meaning any future dividend payouts could be significantly reduced. Or simply missing.

As Romano Sala Tenna, co-founder of Katana Asset Management, told us yesterday (full interview to be published next week):

I would caution inexperienced investors about taking on some of the yields that we’re seeing currently. Trailing yields count for nothing. That’s the first thing. You need to look at forecast yields.

Which brings us to the ASX 200 dividend share in question — fund manager Magellan Financial Group Ltd (ASX: MFG).

Magellan paid out an interim dividend of $1.10 on 8 March and a final dividend of 68.9 cents on 6 September. At the current share price, that works out to an 18.9% trailing yield.

But mind you, Magellan shares are also down sharply this year, along with its funds under management (FUM).

So, what’s an income investor to do?

Why this ASX 200 dividend share looks to be a trap

For some greater insight into that question, we defer to Wheelhouse Partners portfolio manager Alastair MacLeod and Dom Hamson, managing director of Plato Investment Management, courtesy of Livewire.

Macleod said it’s tempting “to think there’s an opportunity with this stock because it’s fallen so much. I mean, they’ve lost 50% of FUM”.

However, he said Magellan’s strongest assets are really its brand. As for FUM, he noted, “There’s still outflow.”

Macleod added, “You just don’t know what that base level of earnings is and therefore yield. So you just don’t need to be there.”

Hamson is also steering clear of this ASX 200 dividend share for now.

“It’s not worth the risk in our view,” he said.

According to Hamson:

We’ve been calling it a dividend trap all year because we know the fund’s management business, we’re a fund manager, and if your FUM’s going out the door very quickly, it’s very hard to turn that around.

He noted that Magellan’s growth style “is going to be tough … so as long as interest rates keep going up.”

Magellan may be a buy for its dividend yield in the future, but for now Hamson believes it’s too early.

“I think it’s going to be tough for them to turn that around. I’m sure they will eventually, but I think it’s too early to call it at the moment,” he said.

Magellan share price snapshot

The Magellan share price is down 3% today, bringing the ASX 200 dividend share’s losses to 50% in 2022. By comparison the ASX 200 is down 10% this calendar year.

The post This ASX 200 dividend share has a 19% yield right now. Why it’s a trap: experts appeared first on The Motley Fool Australia.

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More reading

• Magellan share price hits multi-year low following $2.4b horror month for outflows
• Could something big be going down at Magellan?
• How to find wealth compounders inside the ASX 200 right now
• Have ASX 200 high-yield dividend shares been a blessing or a curse in 2022?
• Magellan share price sinks again despite ‘$100 billion’ outlook

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

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Commonwealth Bank of Australia (ASX: CBA) shares are on course to end the week in the red.

In afternoon trade, the banking giant’s shares are down 1.5% to $102.98.

This is despite Australia’s largest bank getting some love from analysts at Morgans this month.

What is Morgans saying about the CBA share price?

Morgans has just released its best ideas for November and has added CBA to the list.

The broker explains that its best ideas are those that it thinks offer the highest risk-adjusted returns over a 12-month timeframe. They are supported by a higher-than-average level of confidence and are its most preferred sector exposures.

Interestingly, CBA makes the list despite Morgans only currently having a hold rating and $94.57 price target on its shares.

The broker revealed that it added CBA to its list due to its position as the highest quality bank in the country at a time of rising rates. It appears to believe that this offsets the premium valuation of the CBA share price and the lower than average dividend yield on offer compared to peers. It explained:

The second largest stock on the ASX by market capitalisation. We view CBA as the highest quality bank and a core portfolio holding for the long term, but the trade-off is it is the most expensive on key valuation metrics (including the lowest dividend yield). Amongst the major banks, CBA has the highest return on equity, lowest cost of equity (reflecting asset and funding mix), and strongest technology. It is currently benefitting from the sugar hit of both the rising rate environment and relatively benign credit environment.

The post Why Morgans added CBA shares to its best ideas list appeared first on The Motley Fool Australia.

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More reading

• Is Bendigo Bank the best bet for dividends out of all the ASX 200 bank shares?
• The CBA share price has soared 17% in a month. Is it time to cash in?
• The CBA share price soared 15% in October
• Here’s how the NAB share price has fared in October
• Own CBA shares? Here’s why the bank wants to shake up the RBA board

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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Do you wish to receive the next dividend from Macquarie Group Ltd (ASX: MQG) shares? Well, you’d better hurry up if you don’t already own shares of the ASX’s ‘fifth bank’.

Like its major four banking brethren, Macquarie is no stranger to paying a dividend.

Even though this bank is a little different from your Westpac Banking Corp (ASX: WBC)s and Commonwealth Bank of Australia (ASX: CBA)s, with its international earning base and strong asset management business, Macquarie has still lived up to its banking reputation in recent years.

In 2021, Macquarie doled out its second-largest annual dividend in its history, gifting shareholders dividends worth a total of $6.07 per share. Those were made up of a final dividend of $3.35 per share and an interim dividend of $2.72 per share, both partially franked at 40%.

Only 2019’s total of $6.10 per share tops last year’s dividends.

This year’s final dividend was a different story, though. Back in July, Macquarie gave investors a final dividend of $1.40 per share. This was a hefty drop from the $3.35 per share that investors enjoyed last year. However, this payment did come fully franked.

But what about Macquarie’s next dividend?

Well, the ASX bank share is scheduled to pay out its next interim dividend next month on 13 December, just in time for some last-minute Christmas shopping. It will be a dividend worth $3 a share, and partially franked at 40% again.

So it seems 2022’s dividend total of $4.40 per share won’t be as good as 2021’s bumper haul. But even so, it gives Macquarie shares a forward yield of 2.63% today.

But, as we mentioned earlier, investors will need to be quick if they want to secure this latest dividend. That’s because Macquarie is scheduled to go ex-dividend for this payment on Monday next week. That means that if investors don’t own Macquarie shares by the end of this trading day, they will miss out.

When a company trades ex-dividend, any new investors are cut off from being eligible to receive said dividend.

As such, we normally see a share price drop on the day a company trades ex-dividend, reflecting this loss of value for new investors going forward. We will probably see this happen with Macquarie share next week.

The post Would you like to bag the latest Macquarie dividend? Read this appeared first on The Motley Fool Australia.

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More reading

• 4 ASX 200 shares trading ex-dividend next week
• Broker tips Macquarie share price to rise 25%
• Leading brokers name 3 ASX shares to buy today
• Is the Macquarie share price a buy following the banking giant’s latest results?
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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