Everything you need to know about the supersized CSL dividend

CSL has just given investors another dividend pay rise.

| More on:
A person is weighed down by a huge stack of coins, they have received a big dividend payout.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

One of the big earnings announcements this Tuesday has been from ASX 200 healthcare giant CSL Limited (ASX: CSL). And income investors will be delighted by what CSL had to say this morning in regard to its dividend.

Yes, before market open today, CSL reported its full-year earnings for the 2023 financial year.

As we covered at the time, these saw CSL reveal a 31% surge in revenues to US$13.31 billion. The company's net profits were also up by 10% to US$2.61 billion, and up 20% on a constant currency basis to US$2.86 billion.

But let's talk about the CSL dividend.

What kind of dividend did CSL announce today?

So CSL has announced that its final dividend for 2023 will come in at US$1.29 per share, partially franked at 10%. That's a healthy rise of 9.32% over last year's final dividend of US$1.18 per share.

We don't yet know what the final amount in Aussie dollar terms will be. But at present exchange rates, it would come in at roughly $1.99 per share. If that does turn out to be the case, it would be a 13.07% rise over last year's final dividend (in Aussie dollar terms) of $1.76 per share.

It's also a big rise over CSL's interim dividend from April this year. That was a US$1.07 per share payment, which ended up becoming a $1.62 per share payment in our local currency.

So all up, CSL has now revealed it will pay out a total of US$2.36 per share in annual dividends for FY2023. That's up 6% from FY2022's total.

This latest final dividend, if currency exchange rates hold, will be the largest dividend the healthcare giant has ever paid out to investors. It continues CSL's strong track record of raising its shareholder payouts. Only five years ago, investors were taking home $2.28 per share from their CSL stock. In 2023, it looks like investors are in line to nab something like $3.61 per share.

When is payday?

This latest dividend will hit CSL owners' bank accounts on 4 October later this year. The ex-dividend date is set for 11 September next month. Two days before, on 9 September, we'll find out exactly how much this dividend will be worth in Aussie dollar terms.

CSL's dividend reinvestment plan (DRP) won't be available for this payment, so all shareholders will be receiving this dividend in cash.

Right now, the current CSL share price gives the company a trailing dividend yield of 1.06%.

Should you invest $1,000 in South32 Limited right now?

Before you buy South32 Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and South32 Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

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 positions in and has recommended CSL. 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.

More on Dividend Investing

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Buy these ASX dividend stocks to supercharge your passive income

Analysts believe that these buy-rated stocks will provide income investors with some great yields in the near term.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX shares yielding over 7% for your portfolio

Analysts are expecting big yields from these buy-rated shares in the near term.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

1 ASX dividend stock down 27% I'd buy right now

This business is trading cheaply, in my view.

Read more »

Man holding a calculator with Australian dollar notes, symbolising dividends.
Dividend Investing

A 5% yield? Here's the dividend forecast for an ASX 200 powerhouse

Are the generous dividends growing or getting smaller? Let's find out.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

This 10% ASX dividend stock is my top pick for immediate income

This business offers a lot of what income investors are looking for.

Read more »

A happy construction worker or miner holds a fistful of Australian dollar notes.
Dividend Investing

Buy Rio Tinto and these ASX dividend shares in May

Analysts expect good yields from these buy-rated shares.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

Top broker forecasts this quality ASX 200 dividend share could surge 45%!

A leading broker forecasts outsized gains ahead for this high-yielding ASX 200 dividend stock.

Read more »

A couple sitting in their living room and checking their finances.
Dividend Investing

Beat falling interest rates with these growing ASX dividend shares

Analysts think these shares could be top picks for income investors now interest rates are falling.

Read more »