Shareholders of some of the biggest ASX 200 companies are about to get their slice of a record $40 billion payout pie as dividend season hits the ASX.
According to AMP Capital's head of investment strategy and economics, Dr Shane Oliver, the profits of listed companies collectively increased by almost 50% in the financial year 2021.
Three in every four ASX companies reported increased profits.
Miners and banks were among the major winners for FY21. In turn, many ASX 200 banks and miners will hand much of their extra income to shareholders, as will some other top-performing ASX 200 dividend shares.
In fact, Dr Oliver said ASX companies will pay out a combined $40 billion worth of dividends as a result of FY21 earnings – a new record for the ASX. Additionally, more than $20 billion has been put towards buybacks, adding value to shareholders' portfolios.
So, if you're a shareholder of these companies, you're likely in for a good payout soon.
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These ASX 200 dividend shares raised their payouts in FY21
These ASX 200 shares boosted their FY21 dividends.
Commonwealth Bank of Australia (ASX: CBA)
CBA's final dividend for FY21 is fully franked at $2. That's $1.02 more than that of FY20 and sees CBA's full-year dividends reach $3.50 per share.
Additionally, the bank is conducting a $6 billion share buyback, taking 3.5% of its shares off the market.
CBA shareholders will receive their dividend deposits on 29 September.
CSL Limited (ASX: CSL)
CSL boosted its FY21 dividends by 10% compared to FY20. Its final dividend is US$1.18 per share, bringing its total FY21 dividends up to US$2.22 per share.
CSL's dividend payment date is set for 30 September.
Fortescue Metals Group Ltd (ASX: FMG)
This ASX 200 share elected to pay out a massive 80% of its FY21 net profit after tax to shareholders, with a fully franked final dividend worth $2.11 per share. That means the miner is giving out a total of $3.58 per share in FY21 – 103% more than it did in FY20.
Fortescue's dividend payment date is 30 September.
Wesfarmers Ltd (ASX: WES)
Wesfarmers' fully franked final dividend for FY21 came to 90 cents per share. This brought its full-year dividends to $1.78, which is 17% more than it gave its shareholders in FY20 (discounting FY20's special dividend).
The conglomerate will pay its final dividend on 7 October.
BHP Group Ltd (ASX: BHP)
BHP saw its profits increase 88% for FY21. As a result, it is handing its shareholders a fully franked final dividend worth $2.71 per share. That brings its full-year dividend to approximately $3.70 per share.
As The Motley Fool Australia reported last month, BHP paid a full-year dividend of $1.75 per share in FY20.
BHP's dividend payments date is 21 September.
