Despite being hammered in March, ASX 200 dividend shares are bouncing back this month.
The S&P/ASX 200 Index (ASX: XJO) is up 7.68% in April and has been led by some big individual gainers.
Here are 3 high-yielding ASX 200 shares that have rocketed higher in April despite the recent bear market.
3 ASX 200 dividend shares rocketing in 2020
One of this month's big gainers has been Scentre Group (ASX: SCG). Scentre is an Aussie retail real estate investment trust (REIT) that operates the Westfield shopping centre brand around Australia and New Zealand.
Scentre shares are up 35.67% as one of the leading ASX dividend shares this month, with a 9.02% dividend yield on current prices. The REIT's share price has climbed higher on the back of more certainty around commercial lease arrangements in April.
A new mandatory code of conduct helped boost Scentre shares higher but there's still a long way to go given the share price's 44.39% dip from the start of the year.
Santos Ltd (ASX: STO) is another ASX dividend share that has been climbing higher in April. Santos is a leading oil and gas producer – Australia's second-largest after Woodside Petroleum Limited (ASX: WPL).
It hasn't been smooth sailing for Santos in 2020, with the oil price war and coronavirus concerns forcing workforce cuts and hammering its share price lower. However, the ASX dividend share has rocketed 28.36% higher in April as OPEC+ reached a new supply agreement to provide a timely boost. Santos' dividend yield is 3.75% at the time of writing.
I've also had my eye on Newcrest Mining Limited (ASX: NCM) this month. Newcrest shares are up 27.16% in April and have fallen just 3.11% throughout 2020. Newcrest's dividend yield is 1.12% on current prices.
The Aussie gold miner's share price has been boosted as investors look to gold shares for safety. Stronger demand out of China could provide a boost for Newcrest as it looks to maintain revenues throughout 2020 despite the pandemic.
Foolish takeaway
It remains to be seen if these ASX dividend shares will keep their dividend payments in 2020. It's a very uncertain economic environment and we've already seen many Aussie companies slash earnings and dividend guidance.
Even the Aussie banks have cut their dividends as APRA puts pressure on them to be conservative with their solvency and liquidity.
Either way, an ASX dividend share with strong capital gains should be seen as a real bonus given the current environment.
