ASX Dividend yield

ASX is part of Financial Services business, which is part of Financials industry. ASX is a company from Australia, and his stocks are publicly traded.

ASX stock dividend

ASX paid a total dividend of 458 million AUD last year, for a market value of 11,172 millions (Market Cap 11,141 millions). ASX dividend per share is 2.36 AUD, and his stock market price 57.59 AUD.

According to the chart below, where dividend yield is displayed, ASX has a dividend yield of 4.10%, which is similar to the amount offered by both the market average and companies from Australia. However, it is lower than the average of Financials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare ASX stocks dividend with other Financial Services companies or other of the high Australia dividend stocks list.

ASX Dividend Payout

About the ability of ASX to maintain his current dividend of AUD 2.36 per share, an amount that accounts for 4.10%, we should study its payout ratio both on earnings and on cash-flows (see chart below). ASX payout on ernings is currently 137.21%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that ASX can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of ASX is AUD -17.45 per share, which is lower than the dividend per share paid by the company of AUD 2.36, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of ASX, compared againt world market average, Australia companies, Financials industry and Financial Services sector companies.

ASX Dividend History

Below you will find a table with the historical evolution of ASX's dividend stock, both in percentage and in AUD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	AUD	Paypout	Shares*
Present	4.10%	2.36	137.21%	194
2022	3.48%	2.37	85.56%	194
2021	2.41%	2.24	85.50%	194
2020	3.32%	2.39	87.87%	194
2019	2.92%	2.29	84.50%	194
2018	3.61%	2.16	87.45%	194
2017	3.68%	2.02	84.17%	194
2016	4.07%	1.98	83.54%	192
2015	4.53%	1.87	84.62%	192

*In millions

Then you can see the evolution of ASX dividend stock, and compare it with the average of Australia stocks and that of the Financial Services stocks.

ASX Stock performance

Finally, last moth ASX showed a return of -7.30% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -26.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Australia and Financial Services firms.