On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a day in the red. The benchmark index fell 0.5% to 7,108.8 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to fall again on Tuesday despite a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 114 points or 1.6% higher. In late trade in the United States, the Dow Jones is up 0.45%, the S&P 500 is up 0.65%, and the NASDAQ is down 1.35%.

Oil prices drop

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a tough day after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 2.7% to US$74.56 barrel and the Brent crude oil price is down 2.7% to US$80.56 a barrel. The banking collapse has rattled the market.

ASX 200 shares going ex-dividend

There are a number of ASX 200 shares that are going ex-dividend for their latest dividends this morning and could trade lower. This includes coal miner Coronado Global Resources Inc (ASX: CRN), corporate travel booker Corporate Travel Management Ltd (ASX: CTD), and media giant News Corp (ASX: NWS).

Gold price jumps

It could be a good day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (down: RRL) after the gold price jumped overnight. According to CNBC, the spot gold price is up 2.6% to US$1,915.2 an ounce. Traders were buying gold due to increased demand for safe haven assets.

Macquarie rated neutral

The Macquarie Group Ltd (ASX: MQG) share price is almost fully valued according to analysts at Goldman Sachs. Following an investor tour, the broker has retained its neutral rating with a price target of $197.53. It notes that the investment bank's shares are trading above historical multiples despite the prospect of its earnings falling in FY 2023. Goldman is forecasting a 13% decline in its earnings.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

When an ASX 200 share trades ex-dividend, it's normally a pretty big deal. For one, new investors in said company will no longer be eligible for the upcoming dividend payment if they buy the shares after the company has traded ex-dividend.

But reflecting this loss of value for new investors, an ex-dividend date also tends to result in a company's shares losing a fair chunk of value.

So in these ways, ex-dividend dates are fairly conspicuous events on the ASX 200.

Keeping that in mind, let's discuss three ASX 200 shares that will be going ex-dividend tomorrow.

3 ASX 200 shares scheduled to trade ex-dividend tomorrow

First up is ASX 200 metallurgical coal mining company Coronado Global Resources Inc (ASX: CRN). Last month, Coronado announced a half-yearly dividend worth 0.5 US cents per share, fully franked. That's a decent payout to be sure, not one that pales in comparison with some of the monstrous shareholder payouts Coronado sent investors' way last year.

But new investors won't be eligible to receive this upcoming dividend come tomorrow, with the payment date now set for 5 April next month. Right now, Coronado shares have a dividend yield of 6.57%.

Next up we have News Corporation (ASX: NWS). This ASX 200 media group, famously helmed by the Murdoch family, also reported its earnings last month. Investors weren't too thrilled with the lower revenues and earnings News Corp reported. But shareholders will still be getting an increased dividend coming their way.

News Corp is scheduled to go ex-div for the unfranked 10 US cents per share payment on Tuesday, which will be a meaningful increase from the 9.4 cents per share payment that was issued last year.

After tomorrow's session, News Corp shareholders can then expect to receive this latest dividend on 12 April. News Corp shares have a dividend yield of 1.2%.

What about an ASX travel share?

Finally, let's talk about ASX 200 travel share Corporate Travel Management Ltd (ASX: CTD). Corporate Travel has been struggling in the dividend department for a couple of years now. After halting its dividends over half of 2020 and all of 2021, the company returned to paying dividends last year.

But the final dividend of  5 cents per share, unfranked, that was paid in September 2022 was a far cry from the fully-franked 22 cents per share investors enjoyed in 2019. Corporate Travel's next dividend will come on 14 April next month after the company trades ex-dividend tomorrow.

It will be worth 6 cents per share and also be unfranked. Corporate Travel shares have a dividend yield of 0.62% as it currently stands.

The post 3 ASX 200 shares trading ex-dividend on Tuesday appeared first on The Motley Fool Australia.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and dropped into the red. At the time of writing, the benchmark index is down 0.4% to 7,309.4 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is down 2% to $99.50. This has been driven by the banking giant's shares trading ex-dividend on Wednesday. Eligible shareholders can now look forward to receiving CBA's $2.10 per share fully franked interim dividend at the end of next month on 30 March.

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down over 5% to $2.01. This follows the release of the coal miner's full-year results this morning. Coronado Global reported a 66.2% increase in revenue to US$3,571.5 million and a 307.4% jump in net profit to US$771.7 million. The latter was a touch short of Goldman Sachs' estimate of US$780 million.

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's share price has crashed 25% to $53.79. Investors have been hitting the sell button in a panic today after the pizza chain operator's performance deteriorated in December and led to an even weaker than expected half-year result. The company has been struggling in its battle with inflation.

St Barbara Ltd (ASX: SBM)

The St Barbara share price is down 10% to 57.5 cents. This follows the release of the gold miner's half-year results, which revealed a 52% decline in gross profit to $70 million and a statutory loss of $407 million. The latter reflects the non-cash impairment of its Atlantic and Simberi operations.

The post Why CBA, Coronado Global, Domino's, and St Barbara shares are dropping today appeared first on The Motley Fool Australia.

Two S&P/ASX 200 Index (ASX: XJO) mining shares are tumbling as much as 9% on the release of earnings today. That's despite one posting a whopping 300% jump in profits.

Let's take a closer look at the news seemingly driving them deep into the red on Wednesday.

Right now, the ASX 200 is trading 0.28% lower at 7,316 points.

2 ASX 200 mining shares tumbling on earnings today

The St Barbara Ltd (ASX: SBM) share price is suffering on the release of the company's first-half earnings, tumbling 9.4% to trade at 58 cents.

The ASX 200 gold mining share posted a $70 million gross profit – down 52% – amid higher operating costs and lower production.

It also posted a $407 million statutory loss for the half – down from the prior comparable period's (pcp) $14 million profit. The company didn't declare a dividend for the period.

St Barbara managing director and CEO Dan Lougher commented on today's release, saying:

Our financial results reflect the operational difficulties we have endured during the first half of the financial year, exacerbated by the non-cash impairment of Atlantic and Simberi. However, there is plenty to look forward to in the second half of FY23 and beyond.

Indeed, the company announced plans to merge with peer Genesis Minerals Ltd (ASX: GMD) and demerge its non-Leonora assets in December.

Joining the ASX 200 mining share in the red today is its coal producing peer Coronado Global Resources Inc (ASX: CRN). Its stock is down 5.4% right now, trading at $2.015.

It comes after the company dropped its full-year earnings, detailing a 66% jump in revenue, reaching US$3.6 billion, and a US$772 million profit – up 307% year-on-year. That saw it declaring a 5 US cent per share dividend for the period.

The lift in earnings was mainly due to soaring coal prices. Indeed, its average realised price per tonne of metallurgical coal sold was US$265.80. That's nearly double that of the prior year.

Meanwhile, the energy producer saw its saleable production and sales volumes each fall 7%.

Commenting on the results, managing director and CEO Gerry Spindler said:

Our record financial results and returns have occurred despite the impacts to production from considerable wet weather conditions in Queensland and global economic circumstances that have driven significantly higher inflation.

Expectations are that weather patterns will improve in 2023 and global inflationary impacts will ease, which should translate to improved production and costs for our business.

I remain extremely confident in our ability to address all challenges presented to the company and in our ability to continue to provide enhanced value and returns to all shareholders.

Coronado expects coal prices to stay high. It hopes to produce between 16.8 million metric tonnes and 17.2 million metric tonnes in 2024. It also expects to realise a mining cost per tonne sold of between US$84 to US$87.

The post 2 ASX 200 mining shares getting totally hammered on results announcements appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) broke a three-session-long losing streak on Tuesday, gaining 0.18% to close at 7,430.9 points.

It came on the back of a strong session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) and the S&P 500 Index (SP: .INX) both rose 1.1% overnight while the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) gained 1.5%.

It makes sense then that the S&P/ASX 200 Information Technology Index (ASX: XIJ) posted the biggest gain on the Aussie index, rising 1.3%.

The S&P/ASX 200 Communications Index (ASX: XTJ) also outperformed, gaining 1.1% with the Domain Holdings Australia Ltd (ASX: DHG) share price leading the way, lifting 5.5%.

Meanwhile, market giant CSL Limited (ASX: CSL) saw its share price rise 0.9% on the back of the company's half-year earnings.

On the other end of the market, the S&P/ASX 200 Energy Index (ASX: XMJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) fell 0.4% and 0.2% respectively.

But which ASX 200 share outperformed all others on Tuesday? Let's take a look.

Top 10 ASX 200 shares countdown

The index's best performer today was metal recycler Sims Ltd (ASX: SGM). Its stock soared 7.1% to close at $15.72 on Tuesday.

That was despite the company posting an 80% fall in statutory profit for the first half, leading it to slash its interim dividend by 66% to 14 cents per share.

These shares made today's biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) got off to a rough start this week, falling 0.21% on Monday to close at 7,417.8 points.

Meanwhile, the February earnings season stepped up a gear, with results from Insurance Australia Group Ltd (ASX: IAG), Aurizon Holdings Ltd (ASX: AZJ), Beach Energy Ltd (ASX: BPT), and Endeavour Group Ltd (ASX: EDV) all hitting the market.  

Speaking of earnings, the Star Entertainment Group Ltd (ASX: SGR) share price crashed 20% after the company revealed that increased regulation and competition has taken a major toll on its bottom line.

Perhaps unsurprisingly, the company's home sector, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) weighed heaviest, falling 1.4%.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) outperformed all others, gaining 1.8% on the back of strengthening oil prices. The black liquid's value lifted over 2% on Friday amid reports Russia will cut its oil output by 5% next month.

But the top performing ASX 200 share wasn't from the energy sector. Let's take a look at which stock posted today's biggest gain.

Top 10 ASX 200 shares today

The IAG share price posted the biggest gain of the ASX 200 on Monday, soaring 4.5% to close at $4.92.

The insurer's post-tax profit rocketed more than 170% year-on-year last half to reach $468 million.

These shares made today's biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After coming tantalisingly close to its all-time high on Friday, the S&P/ASX 200 Index (ASX: XJO) likely disappointed many market watchers by starting the week in the red. The index fell 0.25% today to close at 7,539 points.

Its biggest weight? The S&P/ASX 200 Real Estate Index (ASX: XRE).

The sector fell 1.95% on the eve of the Reserve Bank of Australia's (RBA's) February meeting where it's expected to hike rates once more following last month's unexpectedly stubborn inflation data.

Interestingly, however, the S&P/ASX 200 Energy Index (ASX: XEJ) was today's best-performing sector, rising 0.9% despite lower oil prices.

The price of Brent crude dropped 2.7% on Friday to close the week 7.8% lower at US$79.94 a barrel, while US Nymex crude oil fell 3.3% on Friday, marking a 7.9% week-on-week fall that saw it end at US$73.39 a barrel.

But it wasn't an energy stock that topped the lot today. Let's take a look at the 10 ASX 200 shares posting the biggest gains on Monday.

Top 10 ASX 200 shares countdown

Starting the week out on the best foot was gold mining giant Newcrest Mining Ltd (ASX: NCM).

Its share price soared 9% to close at $24.53 amid a takeover offer from world leader Newmont Corporation (NYSE: NEM).

These shares made today's biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

This week is shaping up to be one to forget for the S&P/ASX 200 Index (ASX: XJO). It posted its second loss of the week today, falling 0.07% to close at 7,476.7 points.

It follows a similarly poor session on Wall Street overnight. The Dow Jones Industrial Average Index (DJX: .DJI) slumped 0.77% on Monday's session overseas, while the S&P 500 Index (SP: .INX) dropped 1.3% and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) slid 2%.

It makes sense, then, that the S&P/ASX 200 Information Technology Index (ASX: XIJ) posted the day's worst performance. It fell 1.3% on Tuesday, weighed down by the Megaport Ltd (ASX: MP1) share price's 25% tumble on the back of the company's quarterly earnings.

Mining shares also broadly suffered today, with the S&P/ASX 200 Materials Index (ASX: XMJ) falling 0.8%.

But not all was dire. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) posted the biggest gain, rising 2.3%.

So, with all that in mind, let's dive into the 10 shares outperforming all others on Tuesday.

Top 10 ASX 200 shares countdown

Today's top-performing ASX 200 share was none other than supermarket giant Woolworths Group Ltd (ASX: WOW).

It rose 3.77% to close at $36.08 amid news Credit Suisse upgraded the stock to outperform, slapping it with a $36.51 price target.

These shares made today's biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Stock in S&P/ASX 200 Index (ASX: XJO) coal producer and 2022 dividend winner Coronado Global Resources Inc (ASX: CRN) is tumbling on Tuesday despite the company posting record full-year results and shareholder returns.

The Coronado share price is currently $2.095, 2.1% lower than its previous close.

Coronado share price powers down on earnings update

Here are the key takeaways from the company's quarterly earnings:

• December quarter revenue reached US$717 million – an 18% quarter-on-quarter fall
• Quarterly run of mine (ROM) coal production lifted 4.4% to 6.7 million tonnes
• Quarterly saleable production came in at 4.3 million tonnes – a 4.4% jump
• Full-year revenue, however, came to a record US$3.57 billion – a 66% increase
• The company also paid a record US$700 million in dividends over 2022
• It ended last year with a US$92 million net cash position and US$434.4 million of liquidity

Coronado says the benchmark index price of Australian coking coal averaged at US$278 per tonne last quarter – up from US$250 a tonne in the September quarter.

Meanwhile, the benchmark index price of US coking coal was US$273 – up from US$259 in the prior quarter.

However, wet weather, inflation, and planned maintenance saw its average mining costs increase 34.5% to US$88.40 per tonne in 2022.

Meanwhile, its capital expenditure more than doubled to US$185.4 million last year as the company worked to improve production rates.

What else happened in the December quarter

The Coronado share price rose 13.7% last quarter while the ASX 200 gained 8.7%.

The company repaid U$72 million of senior secured notes obligations in the December quarter and increased its coal production despite increasingly heavy rainfall at its Australian operation.

It also paid out a 14.1 cent special dividend in December.

What did management say?

Coronado CEO Gerry Spindler commented on the news seemingly weighing on the ASX 200 stock today, saying:

Our record financial results and returns have occurred despite the impacts to production from considerable wet weather conditions in Queensland and global economic circumstances that have driven significantly higher inflation.

Expectations are that weather patterns will improve in 2023 and global inflationary impacts will ease, which should translate to improved production and costs for our business.

However, should these events, which are outside of our control continue, I remain extremely confident in our ability to address all challenges presented to the company and in our ability to continue to provide enhanced value and returns to all shareholders.

What's next?

The market can expect to hear from the ASX 200 stock on 22 February when it releases its annual report and financial year 2023 guidance.

The company will also boast a new CEO shortly, with current chief operations officer Douglas Thompson taking the reins in May. Meanwhile, Spindler will take on the role of executive chair.

Coronado expects metallurgical coal prices to remain above historical averages in 2023. It will likely be supported by elevated thermal coal prices, the removal of Russian coal from key markets, rising demand for steel, and China's reopening.

Coronado stock outperforms ASX 200

While the Coronado share price is tumbling today, the stock has outperformed the ASX 200 in recent months.

It has gained 10% so far this year compared to the index's 7.8% gain.

Coronado shares have also soared 48% over the last 12 months. Meanwhile, the ASX 200 has dropped almost 5%.

The post Record revenue and dividends: Why is this ASX 200 coal stock burning down? appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down almost 4% to $2.06. This follows the release of the coal miner's quarterly and full year update. Coronado Global reported a 66.2% increase in full year revenue to a record of US$3,572 million. However, investors appear disappointing by a significant increase in its average mining costs to US$88.40 per tonne. Management blamed inflationary pressures and wet weather.

Mincor Resources NL (ASX: MCR)

The Mincor share price is down 6% to $1.73. This appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has downgraded the nickel developer's shares to a neutral rating with a $1.80 price target. Macquarie made the move largely on valuation grounds.

OFX Group Ltd (ASX: OFX)

The OFX share price is down almost 4% to $2.30. This follows the release of the international money services provider's third quarter update. Although OFX delivered solid growth over the prior corresponding period, its numbers were down slightly quarter on quarter. Nevertheless, management has reaffirmed its guidance for FY 2023.

Zip Co Ltd (ASX: ZIP)

The Zip share price is down 7% to 77.5 cents. This is despite the buy now pay later provider reporting a record quarterly performance this morning. The company also revealed that its US operations were profitable at an operating level during the latter two months of the period. However, with Zip's shares rocketing higher yesterday, a lot of this may have already been factored into its valuation.

The post Why Coronado Global, Mincor, OFX, and Zip shares are dropping today appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) ended this week strong, gaining 0.23% on Friday to close at 7,452.2 points – its highest close since April 2022. That marks a 1.69% week-on-week improvement.

Its gains today came despite yet another disappointing session for New York-listed shares overnight. The Dow Jones Industrial Average Index (DJX: .DJI) and the S&P 500 Index (SP: .INX) both slipped 0.8% on Thursday's session, while the Nasdaq Composite Index (NASDAQ: .IXIC) tumbled 1%.

That didn't stop the S&P/ASX 200 Energy Index (ASX: XEJ) from posting a 1.4% gain. The sector rose alongside oil prices, which also jumped as much as 1.4% overnight.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) lifted 0.9%, driven by lithium and coal stocks.

On the other hand, the S&P/ASX 200 Communications Index (ASX: XTJ) and the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) slumped 0.9% and 0.5% respectively.

Let's dive into the ten ASX 200 shares that ended the week with the biggest gains.

Top 10 ASX 200 shares countdown

The Pilbara Minerals Ltd (ASX: PLS) share price outperformed all its peers on Friday, gaining 13% to close at $4.55.

Its gains followed the release of the lithium favourite's latest quarterly update, in which it saw production increase 10% on that of the prior period.

These shares made today's biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

It's safe to say that passive income-focused investors are spoilt down under. The S&P/ASX 200 Index (ASX: XJO) – home to many of Australia's most influential companies – also houses dozens of dividend-paying shares.

In fact, 84% of ASX 200 companies that released earnings in the August 2022 reporting season paid a dividend, according to CommSec data.

But there's one stock I would pay particular attention to if I were seeking $1,000 of annual passive income for a relatively small weekly investment.

The ASX 200 coal share boasting an 11% dividend yield

Recently minted ASX 200 share Coronado Global Resources Inc (ASX: CRN) has likely pricked the ears of income investors over the last 12 months.

The metallurgical coal producer's profits rocketed a huge 685% year-on-year in the first half of 2022, reaching US$562 million. Meanwhile, its average realised coal price surged 193% to US$292.80 a tonne amid soaring demand for the black rock.

Such whopping profits saw the ASX 200 share payout two ordinary dividends and three special dividends – worth a grand total of 59.75 cents.

Of course, one can't bank on special dividends in the future. So, the company's ordinary offerings came in at a combined 23.05 cents last year.

And its payouts have been tipped to grow in the coming years.

How I'd aim for $1,000 of passive income with $97 a week

Analyst consensus forecasts Coronado to pay 24.1 cents per share next financial year, as my Fool colleague James reports.

At that rate, an investor would need to buy 4150 shares in the ASX 200 coal miner to bank $1,000 of passive income annually.

Such a parcel would set them back $8,756.50 at the stock's current share price of $2.11.

Now, it's unlikely I could afford to invest such a hefty sum right away. Fortunately, it doesn't all need to be invested in a single transaction.

Instead, I'd likely aim to invest $97 a week in the ASX 200 share, thereby reaching my targeted stake by October 2024 if I started today.

More optimistically, Bell Potter predicts Coronado will pay out 45.5 cents per share in financial year 2024.

At that rate, I would only need 2,198 shares – worth $4,638 – to receive $1,000 of annual passive income next fiscal year. Such a stake would likely take me just under a year to build if I invested $97 a week.

No doubt the share price will move in that time. However, sticking to my weekly plan should help mitigate any ups and downs.

Risk versus reward

Like most mining stocks, Coronado's earnings are largely dependent on commodity prices. Thus, the company doesn't have all that much control over its future profits and, in turn, its dividends.

For that reason, I'd argue it carries more risk than some other shares on the ASX 200.

And, of course, no investment can be guaranteed to provide returns, be they passive income or share price gains. Additionally, past performance doesn't guarantee future performance.

The post I'd put $97 a week into this ASX 200 share for $1,000 a year in passive income appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) wobbled in and out of the green on Wednesday before ultimately closing 0.1% higher at 7,393.4 points.

Providing the biggest boost was the tech sector. The S&P/ASX 200 Information Technology Index (ASX: XIJ) outperformed, lifting 1.7% on Wednesday, driven by a 4.6% gain out of Block Inc (ASX: SQ2).

Weighing heaviest on the Aussie bourse, meanwhile, was the S&P/ASX 200 Real Estate Index (ASX: XRE), falling 0.9%.

In the doldrums alongside it was the S&P/ASX 200 Energy Index (ASX: XEJ). The sector slumped 0.2% despite oil prices rising overnight.

The Brent crude oil price rose 1.7% to US$85.92 a barrel overnight while the US Nymex crude oil price gained 0.4% to US$80.18 a barrel amid better-than-expected growth data out of China.

So, with all that in mind, let's take a look at the 10 ASX 200 shares posting the index's biggest gains on Wednesday.

Top 10 ASX 200 shares countdown

Leading the charge today was lithium favourite Sayona Mining Ltd (ASX: SYA). Its share price roared 8.9% higher to close at 24.5 cents.

Interestingly, there was no price-sensitive news from the company today. Though, its stock did tumble 2% on Tuesday.

These shares made today's biggest gains:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Coal prices jumped higher in 2022 after the Russian invasion of Ukraine as countries looked for alternative sources of energy.

Mining costs don't typically change much month to month, so when the resource price climbs it adds a lot to revenue but it can make the net profit after tax (NPAT) jump much higher.

While it seems obvious that the next result will show large profits and dividends, how long can this continue? The world can't just instantly conjure up another major energy source – it could take years.

Due to the current situation, ASX 200 coal shares could be cash machines until at least FY24.

New Hope Corporation Limited (ASX: NHC)

New Hope is expected to keep benefiting substantially from coal earnings in FY24 according to the profit estimate on Commsec.

It could generate earnings per share (EPS) of $1.83 in the 2024 financial year and then pay an annual dividend per share of $1.32. This could translate into a grossed-up dividend yield of around 30%.

In fact, the FY25 grossed-up dividend yield could be 14% based on the current estimates.

But, remember that these are just estimates and things could be quite different in the future. Coal prices may not be quite as strong as analysts are expecting and therefore the dividends could be smaller. But, if coal prices outperform then the dividend could turn out to be bigger.

Whitehaven Coal Ltd (ASX: WHC)

Whitehaven is another ASX 200 coal share that has done very well out of these conditions with higher coal prices.

It's also expected to pay a very large dividend in FY23. But the good times could continue in FY24.

Commsec numbers suggest that Whitehaven may pay an annual dividend per share in FY24 of 91 cents. If that is paid, then Whitehaven's projected grossed-up dividend yield could be around 15%.

After that, in FY25, the early estimation is that Whitehaven could pay a grossed-up dividend yield of 11.5%.

Coronado Global Resources Inc (ASX: CRN)

Coronado Global is another ASX 200 coal share that is expected to pay very large dividends.

In FY23 it could pay an annual dividend per share of 35.7 cents, which translates into a dividend yield of 17.3%.

Profitability could reduce in the coming years, with a possible dividend yield of 11.5% in FY24.

Foolish takeaway

Even if coal earnings do drop off, it could still be strong enough for them to pay dividend yields of more than 10% in FY24. However, investors need to consider how much the share prices may reduce if the earnings fall.

The post Can ASX 200 coal shares really deliver dividend yields of over 10% in FY24? appeared first on The Motley Fool Australia.

A dividend trap is a company that is under financial stress, with little prospect of being able to maintain previous dividend levels. As such, it could draw unwary investors in based on its previous dividend payments, but investors quickly lose capital when the company goes ahead and slashes its dividends.

Some dividend traps are only obvious in hindsight. But equally, there are plenty of ASX shares that have offered sustainably high dividend yields before.

So today, let's discuss some ASX 200 dividend shares that are predicted to give investors a dividend yield of more than 7% in the 2024 financial year. If any of these shares don't live up to expectations, they could well become dividend traps. But let's hope not.

This data comes from CommSec projections on the dividend payouts expected in FY2024.

7 ASX 200 dividend shares that could give investors a 7%-plus yield

New Hope Corporation Limited (ASX: NHC)

ASX 200 coal miner New Hope really upped its dividend game in 2022 thanks to record high energy prices. CommSec expects the gravy train to keep on chugging next financial year, with an estimated dividend payout of $1.30 per share.

If that came to pass, it would give investors a yield of just over 20%. No doubt shareholders will be salivating at that prospect.

Coronado Global Resources Inc (ASX: CRN)

Coronado is another ASX 200 coal share that really upped its dividend ante in 2022, which leaves the company with a trailing yield of over 11% today.

But CommSec thinks Coronado will remain an income powerhouse, with 24.2 cents per share expected in FY2024. That would result in a forward yield of 11.81% on today's pricing.

Whitehaven Coal Ltd (ASX: WHC)

Yet another ASX 200 coal share, Whitehaven also showered investors with cash last year.

Shareholders bagged 48 cents per share in payouts in 2022, but projections show this rising to a whopping 91 cents by FY2024. That would bring Whitehaven's yield to more than 10%.

Woodside Energy Group Ltd (ASX: WDS)

It wasn't just ASX 200 coal shares that turned up the income dial last year. Oil giant Woodside was also the beneficiary of rising prices, with shareholders netting a record $4.66 per share in dividend payments last year.

CommSec has this dropping to $2.76 by Fy2024. But even so, that would result in a yield of 7.5% at current prices.

Bank of Queensland Ltd (ASX: BOQ)

Moving away from miners and drillers, we have an ASX 200 bank share up next. Bank of Queensland shares, like the other ASX banks, have always been dividend heavyweights.

Projections point to this continuing well into the future, with BoQ shares predicted to shell out 52 cents per share over FY2024. That would be a pleasing increase over the 42 cents Bank of Queensland doled out in 2022. This would give the company a yield of 7.34%.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

Nine, the media conglomerate best known for its eponymous television channel, is another ASX 200 dividend beast.

Investors were treated to 14 cents per share in payouts last year, but CommSec reckons this will hold pretty steady at 13.7 cents per share by FY2024. That would give investors a forward yield of 7.06% at today's levels.

AGL Energy Ltd (ASX: AGL)

ASX 200 energy utility share AGL has had a rough couple of years, which were unfortunately accompanied by dividend cuts. The company paid out its lowest dividend in almost a decade last year, with 26 cents per share going to investors.

But projections indicate that the worst might be over for investors, with dividends estimated at 56 cents per share by FY2024. That would result in a forward yield of 7.18% at the current share price.

The post Attention income investors! These 7 ASX 200 dividend shares are projecting yields of 7%+ in FY24 appeared first on The Motley Fool Australia.

Here's why brokers think investors ought to buy them next week:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Citi, its analysts have retained their buy rating and $41.20 price target on this gaming technology company's shares. Citi has analysed digital bookings data to December and is happy with what it saw. It highlights that bookings lifted on a seasonal Christmas boost last month and that Aristocrat's Pixel United business continues to outperform. The Aristocrat share price ended the week at $33.20.

Coronado Global Resources Inc (ASX: CRN)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and lifted their price target on this coal miner's shares to $2.25. The broker made the move after looking at the mining sector. It believes Coronado Global is a top option for investors looking for met coal exposure following China's reopening. Particularly if you're looking for dividends. Goldman is expecting strong met coal prices to allow the company to pay a 21.9 US cents per share dividend in FY 2023. This equates to a 15.5% yield at current prices and exchange rates. The Coronado Global share price was fetching $2.03 at Friday's close.

Macquarie Group Ltd (ASX: MQG)

Analysts at Morgan Stanley have retained their overweight rating and $215.00 price target on this investment bank's shares. The broker believes that Macquarie is well-placed to benefit from volatility in commodity markets. Particularly given that approximately a third of its revenue comes from its commodities business. The Macquarie share price ended the week at $178.27.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

ASX 200 energy shares appear set to continue flying in 2023, as the world continues to adapt to a complete restructuring of global energy supply chains due to Russia's invasion of Ukraine.

In a show of unity against Russian aggression, many countries have sought alternative sources of energy so they can boycott Russian exports.

This has led to a surge in global commodity prices for coal, oil, and gas. The beneficiaries: ASX 200 energy shares.

During a shocker of a year for ASX 200 shares in general, energy shares shined megawatts in 2022.

The S&P/ASX 200 Energy (ASX: XEJ) rose by 40% while the S&P/ASX 200 Index (ASX: XJO) dipped 5.5%.

The top-performing ASX 200 energy shares of 2022 delivered unbelievable gains, led by Whitehaven Coal Ltd (ASX: WHC) with an extraordinary share price rise of 261%.

So, what's ahead for ASX 200 energy shares in 2023?

The Federal Government forecasts continuing record earnings from resource and energy exports. This bodes well for ASX 200 energy shares.

The Office of the Chief Economist says resource and energy export earnings are tipped to set another new record at $459 billion for FY23.

Then, it predicts a drop back to $391 billion in FY24 — still the third-highest level of earnings on record.

According to a report published last month, lower demand due to a slowing global economy and eased supply disruptions will reduce commodity prices after FY24.

The report gave this overview:

Energy commodity prices have fallen from record highs … but will likely stay above prewar levels in 2023, as some Russian energy supply becomes stranded.

Australian thermal coal prices have declined from record levels, but remain high historically.

Metallurgical coal prices have steadied … Prices are likely to drift down over 2023, as supply recovers.

Oil prices have steadied below the US$90 a barrel mark, as weak demand more than offsets the impact of supply cuts.

[Spot LNG] prices are likely to stay well above pre-war levels, as some Russian gas output is stranded.

After 2023–24, earnings from [LNG and thermal coal] are likely to fall back towards pre-COVID-19 levels, as gains in world supply bring down prices.

What do the market experts think?

United States investment behemoth BlackRock Inc (NYSE: BLK) is backing global energy shares for the short and long term.

In the short term, ongoing supply constraints make them especially appealing. But in the long term, fossil fuels will also play a critical role in decarbonisation for some time yet.

In its 2023 outlook, BlackRock says:

Western sanctions have triggered a pursuit of economic selfsufficiency. Energy security is now a priority: As Europe weans itself off Russian oil and gas, we've seen energy shortages and higher prices.

In the U.S., we see a push to favor trading partners when sourcing the metals and materials needed in the net-zero transition.

Oil and gas will still be needed to meet future energy demand under any plausible transition.

If high-carbon production falls faster than low-carbon alternatives are phased in, shortages could result, driving up prices and disrupting economic activity.

Should you buy ASX 200 energy shares now?

As every investor knows, you've got to be careful when buying cyclical stocks like ASX 200 energy shares at a time of historically high share prices and commodity prices.

Some investors may see the justification for doing so. Continuing relatively high commodity prices — at least for now — is likely to mean greater dividend income for shareholders in FY23 and FY24.

Top ASX 200 energy shares like Woodside Energy Group Ltd (ASX: WDS) and Whitehaven Coal paid record dividends in FY22.

Continuing high commodity prices could make 2023 a huge year for passive income.

This could be important for many investors, with brokerage Investors Mutual saying dividends are now 'critical' because capital growth is likely to be lower for the next decade.

So, even at today's prices, ASX 200 energy shares might still be attractive to some investors on these grounds.

Which ASX 200 energy shares will pay the highest dividends?

Looking ahead to FY24, ASX 200 coal share New Hope Corporation Limited (ASX: NHC) is expected to pay the biggest dividend of the ASX 200 energy shares, as my Fool colleague James reports.

Consensus estimates are $1.30 per share, which equates to a 22% dividend yield.

Citi is expecting even bigger things. It reckons New Hope could end up paying $1.93 per share. That's a 32% yield — which equates to party time for shareholders.

Whitehaven coal is also expected to pay out big.

Consensus estimates of an FY24 dividend of 91 cents per share equate to a 10.5% dividend yield. Bell Potter reckons the dividend could go as high as $1.66 per share, which equates to a 19.3% yield.

Coal miner Coronado Global Resources Inc (ASX: CRN) is expected to pay 24.1 cents in FY24, according to consensus estimates. That's a 12% dividend yield.

Bell Potter is also far more bullish on this one, tipping 45.5 cents per share, which is a 23% yield.

The post Burning hot: The outlook for ASX 200 energy shares in 2023 appeared first on The Motley Fool Australia.

And while that is a nice yield and can give your passive income a boost, investors don't have to settle for that.

That's because there are plenty of ASX 200 shares that are forecast to provide investors with even greater yields in the future.

For example, based on consensus forecasts, the three ASX 200 shares listed below could provide investors with humongous yields in FY 2024. Though, it is worth remembering that a lot can change between now and then, so these forecasts are not guarantees.

Huge forecast ASX 200 dividend yields

The ASX 200 share with the biggest potential yield in FY 2024 is New Hope Corporation Limited (ASX: NHC).

Consensus estimates show that this coal miner has been tipped to pay a $1.30 per share fully franked dividend. This equates to a 21.2% dividend yield at current prices.

Incidentally, the team at Citi is expecting an even greater dividend from New Hope. It has pencilled in a $1.93 per share fully franked dividend, which would mean a whopping 31.4% yield.

Next on the list is fellow coal miner Coronado Global Resources Inc (ASX: CRN). Consensus estimates show that the market expects a 24.1 cents per share dividend in FY 2024. This equates to a 12% yield at current prices.

It is worth noting that analysts at Bell Potter expect a dividend well ahead of consensus estimates. They are forecasting a 45.5 cents per share partially franked dividend, which represents a 22.6% yield.

Surprise, surprise, the third company on the list is also a coal miner – Whitehaven Coal Ltd (ASX: WHC).

Consensus estimates have the coal miner rewarding its shareholders with a 91 cents per share dividend in FY 2024. This represents a 10.3% dividend yield for owners of this ASX 200 share.

Though, once again, some analysts expect a much bigger dividend from the company. Bell Potter, for example, is forecasting a $1.66 per share fully franked dividend, which equates to an 18.8% yield.

Foolish takeaway

The coal industry certainly seems to be the place to be for income investors in the near term.

However, it is worth remembering that these dividends will only be possible if coal prices remain strong.

So, if you are investing in the space, it would pay to keep an eye on coal prices.

The post 3 ASX 200 dividend shares with HUGE passive-income potential for FY24 appeared first on The Motley Fool Australia.

At present, there are plenty of ASX 200 dividend shares to choose from that provide this level of yield.

However, income investors don't have to settle for that. If you look hard enough, you will see that there are some shares that offer potential yields that are materially better than average.

Broker tips 22% yield from this ASX 200 share

One ASX 200 dividend share that has been tipped to provide an exceptionally large dividend in 2023 is Coronado Global Resources Inc (ASX: CRN).

Coronado Global Resources is a low cost global coal producer and exporter via a portfolio of operating mines in Queensland and the United States.

Thanks to very strong coal prices, the company has been tipped to deliver bumper earnings and dividends this year.

According to a recent note out of Bell Potter, its analysts are expecting a dividend of 45.5 cents per share in FY 2023. Based on the latest Coronado Global share price of $2.05, this will mean a 22% dividend yield for investors.

Bell Potter also sees plenty of upside for the ASX 200 coal miner's shares with its buy rating and $2.50 price target.

Although the broker believes that inclement weather poses a risk to the company's production guidance, it expects strong coal prices to be supportive of its earnings and dividends. It said:

Ongoing wet weather in the Bowen Basin is a risk to CRN's already downgraded CY22 production outlook. CRN is guiding to Group saleable coal production of 16.9-17.1Mt at a mining cost of US$81-83/t, which implies at least a 30% lift in final quarter production with corresponding flow through to lower unit costs. However, the current strong met coal price environment is expected to provide earnings and dividend support.

The post Expect a 22% dividend yield from this ASX 200 share in 2023: broker appeared first on The Motley Fool Australia.

2022 was tough on the S&P/ASX 200 Index (ASX: XJO), but ASX energy stocks – and coal shares in particular – bucked the trend.

The S&P/ASX 200 Energy Index (ASX: XEJ) soared nearly 40% between the final close of 2021 and the end of 2022. That's compared to the ASX 200's 5.5% tumble.

The sector's strong performance came on the back of surging energy commodities – a result of Russia's invasion of Ukraine.

Indeed, Newcastle coal futures lifted above US$450 a tonne to reach a new record in 2022, bolstering producers' bottom lines.

But which ASX 200 coal shares posted the biggest gains last year? Let's take a look.

3 ASX 200 coal shares that outperformed all others in 2022

The Whitehaven Coal Ltd (ASX: WHC) share price outperformed not only all fellow ASX 200 coal stocks in 2022, but every other ASX 200 share as well.

After closing 2021 trading at $2.61, the stock rocketed to end 2022 at $9.42 — an incredible 261% rise.

That was despite floods impacting production at the company's New South Wales open-cut mines.

in August, Whitehaven posted a record $1.95 billion profit for the 2022 financial year and a 1,396% year-on-year increase in earnings before interest, tax, depreciation, and amortisation (EBITDA).

The New Hope Corporation Limited (ASX: NHC) share price also took off in 2022, rising from $2.23 on 31 December 2021 to $6.36 12 months later – a 185% gain.

In September, it also posted a whopping profit for the last financial year. Its profit rose nearly 1,140% to $983 million year-on-year, while its underlying EBITDA came in around 330% higher at $1.58 billion.

Finally, coal mining stock Coronado Global Resources Inc (ASX: CRN) takes out the bronze spot, coming in as 2022's third best-performing ASX 200 coal share.

After ending 2021 at $1.24, the company's share price shot up to close last year at $1.99 – a 60.5% improvement.

The ears of dividend fans were likely pricked by this stock last year. It posted two ordinary dividends and three special dividends over the period, totalling approximately 59.75 cents per share.

Some of those payouts related to the whopping US$849 million of EBITDA it posted for the six months ended 30 June – a 3,200% year-on-year improvement.

The post These 3 ASX 200 coal shares posted the biggest gains of 2022 appeared first on The Motley Fool Australia.