5 ASX 200 shares that boosted their dividends this reporting season

Do you own any of these shares that gave their investors a pay rise this earnings season?

Five people are leaping in the shallows of the beach water as sunset shines gold on them.

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

2023's full-year earnings season is nearly at a close. As such, it's a good time to look over the bevy of ASX 200 shares that reported their earnings this season and see which ones were strong enough to give their investors a dividend income boost.

So today, let's check out five ASX 200 shares that announced a dividend pay rise for investors over the past month or two.

Five ASX 200 shares that just boosted their dividends

Cochlear Limited (ASX: COH)

ASX 200 healthcare stock Cochlear is first up. This hearing aid giant delivered some impressive numbers earlier this month. Cochlear reported a 19% increase in sales revenue to $1.96 billion, alongside a 10% hike in underlying net profits to $305 million.

Income investors would have been impressed with this company's final dividend, which was boosted 21% from last year's $1.45 to $1.75 per share, partially franked at 70%. Today, Cochlear shares offer a dividend yield of 1.21%.

Woolworths Group Ltd (ASX: WOW)

ASX 200 share and supermarket kingpin Woolworths is next up. Woolies delighted its investors with its full-year numbers when the company reported on 23 August. As we covered at the time, Woolies revealed a 5.7% rise in sales to $64.29 billion, alongside a 13.7% hike in net profits to $1.72 billion.

Happily for passive income enthusiasts, Woolworths also revealed a final dividend of 58 cents per share, fully franked. That was a 9.4% rise over last year's final dividend of 53 cents, and is the highest final dividend Woolworths has paid out since 2014.

At present, Woolworths has a dividend yield of 2.72%.

Transurban Group (ASX: TCL)

ASX 200 toll road operator Transurban is another share that has boosted its dividend chops this reporting season. As we discussed earlier this month, Transurban announced that its FY23 revenues totalled $3.3 billion, up 26% over last financial year.

That helped the company report a record proportional earnings before interest, taxes, depreciation and amortisation (EBITDA) of $2.5 billion and declare a final dividend of 31.5 cents per share, partially franked at 3%. That's up massively from the 25 cents per share investors bagged this time last year.

Transurban shares now offer a dividend yield of 4.3%.

Treasury Wine Estates Ltd (ASX: TWE)

Next up, we have ASX 200 winemaking share Treasury to check out. Treasury gave investors its report card for FY23 on 15 August. These earnings revealed that the Treasury suffered a 2.2% drop in sales revenue to $2.42 billion, as well as a 3.3% fall in net profits after tax (NPAT) to $254.5 million.

However, the company still gave investors a dividend pay rise, with a final dividend of 17 cents per share, fully franked, declared. That's a 6.25% rise over the 16 cents per share shareholders enjoyed last year.

Right now, the Treasury Wine share price gives this stock a dividend yield of 2.99%.

Commonwealth Bank of Australia (ASX: CBA)

Last but certainly not least, when it comes to dividend hikes, we have ASX 200 share and banking giant CBA to discuss. As usual, CBA was one of the first horses out of the gate this earnings season. Back on 9 August, the bank revealed that its net income was 13% higher in FY23, up to $27.24 billion.

Cash net profit after tax was also up 6% to $10.16 billion, which allowed the bank to boost its final, fully-franked dividend to $2.40 per share, up 14.29% on last year's final dividend of $2.10. That boosts the CBA dividend yield to 4.41% at current pricing.

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 Cochlear and Transurban Group. The Motley Fool Australia has recommended Cochlear and Treasury Wine Estates. 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

3 ASX dividend shares to buy for a passive income portfolio

Analysts think these shares could be top picks for income investors.

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Dividend Investing

Brokers name the ASX dividend shares to buy now

Let's see what they are saying about these income options.

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

This 5% monthly dividend stock is a cash flow machine

If you want monthly passive income, check out this stock.

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Dividend Investing

Broker names the best ASX dividend shares to buy now

Let's see why the broker is feeling bullish about these income options.

Read more »

A cute little kid in a suit pulls a shocked face as he talks on his smartphone.
Dividend Investing

Up 38% in a year, is it too late to buy Telstra shares for the dividends?

A leading expert gives his verdict on Telstra’s passive income appeal following the stock's 38% 12-month share price gains.

Read more »

A young woman dressed in street clothes leaps happily in the air with the focus on her bright red boots that are front and centre for the camera.
Dividend Investing

This ASX dividend share is projected to pay a 10% yield by 2028

Analysts are expecting big payouts from this business.

Read more »

A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.
Dividend Investing

Want to turn $20K into a $1K second income? Here's how

ASX shares can pay you upfront for buying them...

Read more »

A man and woman sit next to each other looking at each other and feeling excited and surprised after reading good news about their shares on a laptop.
Dividend Investing

2 ASX dividend shares I think are great value today

These two stocks offer a lot of what I’m looking for.

Read more »