It's certainly been a wild year for ASX shares as inflation prints and interest rate hikes have pulled markets in every direction.
Despite a recent rally, the S&P/ASX All Ordinaries Index (ASX: XAO) is down around 7% since the start of 2022.
Amidst the volatility and uncertainty, investors have been flocking to defensive ASX shares, along with those that pay a dividend.
But high dividend yields don't necessarily have to come with modest capital growth.
Here are three high-flying ASX All Ords shares that have delivered juicy dividends and big share price gains in 2022.
New Hope Corporation Limited (ASX: NHC)
New Hope has been one of the best-performing ASX All Ords shares this year. With the New Hope share price currently fetching $5.64, shares have sky-rocketed 153% in the year to date.
The ASX 200 coal miner has been a major beneficiary of sky-high coal prices, which have surged on the back of the Russia-Ukraine conflict.
In FY22, New Hope's revenue soared by 143% to $2.6 billion. Meanwhile, profit went through the roof, rocketing 1,139% to $983 million.
This came despite New Hope producing 18% less saleable coal compared to the prior year. It was all made possible by record-high coal prices, with New Hope's average realised prices surging from $101.36/tonne in FY21 to $281.84/tonne in FY22.
These booming results helped New Hope to crank up its annual dividends by 681%, declaring fully franked dividends of 86 cents per share. At current prices, this puts New Hope shares on an eye-watering trailing dividend yield of 15.2%.
Looking ahead, Morgans believes New Hope's dividends will head further north in FY23. The broker is forecasting annual dividends of $1.00 per share, which spins up a forward dividend yield of 17.7%. Morgans currently has an add rating on New Hope shares with a 12-month price target of $6.80.
Woodside Energy Group Ltd (ASX: WDS)
Next up, Woodside is another ASX 200 share that's delivered lucrative dividend income this year in tandem with bumper share price gains.
With Woodside shares last changing hands at $34.45, its shares have punched 57% higher since the beginning of 2022.
Woodside has been another big winner from record-high oil and gas prices. The company's financial year runs until 31 December, so it's yet to hand in its FY22 report.
But Woodside's strength was on full display in its first-half results, delivering a 132% increase in operating revenue which came in at US$5.8 billion. Underlying net profit after tax (NPAT) enjoyed an even bigger boost, leaping 414% to US$1.8 billion.
This was largely thanks to higher realised prices, which more than doubled year-on-year to US$96.40 per barrel of oil equivalent.
Woodside's multi-billion-dollar merger with BHP Group Ltd (ASX: BHP)'s oil and gas portfolio was completed on 1 June 2022. So, these assets had one month's contribution to Woodside's first-half results.
As part of the deal, Woodside received a merger completion payment of around US$1.1 billion in cash.
In August, Woodside declared an interim dividend of US$1.09. This payout was based on 80% of underlying NPAT plus 80% of the merger completion payment adjusted for working capital.
Excluding the merger completion payment, Woodside's ordinary interim dividend came in at 76 US cents, up 153% from the 30 US cent interim dividend declared in 1H21.
Over the last 12 months, Woodside has dished out fully franked dividends of US$2.14. As a result, Woodside shares are currently printing a trailing dividend yield of roughly 8.9%.
Myer Holdings Ltd (ASX: MYR)
Turning our attention away from ASX resources shares, Myer has been a surprise packet this year.
Consumers have been feeling the pinch of rising interest rates and cost of living, which has made life difficult for ASX retail shares.
But while most ASX retail shares flounder, the Myer share price has defied gravity, shooting up 56% this year to perch itself at 70 cents.
Myer is delivering on its turnaround, recently recording its highest second-half profit result in nearly a decade.
In FY22, the ASX retailer achieved comparable store sales growth of 15% while underlying NPAT doubled to $60 million.
Myer's bottom line has been bolstered by strong multi-channel execution, particularly from its online business.
It appears momentum is only gathering pace, with the first six weeks of FY23 seeing Myer achieve its best sales start to a financial year since 2006.
In terms of dividends, Myer shelled out an annual payment of 4 cents per share in FY22, fully franked. This translates to a trailing dividend yield of 5.7%, which grosses up to 8.2% including franking credits.
This is a marked turnaround for a company that, prior to this year, hadn't paid a dividend since 2017.
