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.
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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.
