Owners of shares in S&P/ASX 200 Index (ASX: XJO) online real estate advertising company REA Group Limited (ASX: REA), rejoice!
Your investment just announced its largest dividend ever, boosting its full year payout by 25%.
Sadly, the stock is in the red today after surging 7% on the back of its full year results, released yesterday.
The REA share price is $127.44 right now, 3.69% lower than its previous close.
For context, the S&P/ASX 200 Index (ASX: XJO) is also down, falling 0.12% at the time of writing.
But a day in the red likely won't be enough to wipe the smile off shareholders' faces. Let's take a look at the record dividend announced by the ASX 200 share this week.
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When will shareholders receive the ASX 200 share dividend?
Financial year 2022 was good to ASX 200 share REA, and now the company is passing a chunk of its takings to shareholders.
The company's revenue lifted 26% last financial year compared to that of financial year 2021.
Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also rose 19% while its net profit jumped 25%.
And much of that profit is now up for grabs.
REA announced a record 89 cent per share fully franked final dividend, bringing its full year dividends to $1.64 – up 25% year-on-year.
That means the stock is currently trading with a dividend yield of 1.28%.
And would be investors have a few weeks to decide whether they'll pursue the payout. The ASX 200 share doesn't trade ex-dividend until 25 August.
The dividend is then expected to begin landing in shareholders' accounts in mid-September.
REA share price snapshot
Despite posting strong earnings, the REA share price has been underperforming in 2022.
The company's shares have slumped 26% since the start of the year while the ASX 200 has dumped around 8%.
It's also been underperforming over the longer term, falling 18% in the last 12 months. Meanwhile, the index has slipped 7%.
