Well, it's looking like the S&P/ASX 200 Index (ASX: XJO) will have a positive end to the trading week after all. After three days of falls in a row, the ASX 200 has turned a corner so far this Friday, with the index currently up a healthy 0.27% at just over 7,300 points.

So let's now dig a little deeper into these share market gains by taking stock of the ASX 200 shares that are currently topping the share market's trading volume charts at present, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Tabcorp Holdings Limited (ASX: TAH)

Our first share this Friday is ASX 200 gaming company Tabcorp holdings. So far today, a hefty 30.5 million Tabcorp shares have made their way across the ASX boards. There's been no official news or announcements out of Tabcorp today. But saying that, the Tabcorp share price has had a very positive day indeed.

The company has gained a healthy 2.87% so far, putting Tabcorp at $1 a share at present. Tabcorp has had a bouncy week ever since reporting its latest earnings on Tuesday, so no doubt investors will welcome this happy end to the week (touch wood).

Sayona Mining Ltd (ASX: SYA)

ASX 200 lithium stock Sayona is next up this Friday. So far this session, a sizeable 32.84 million Sayona shares have swum through the share market. There's been no news out of Sayona today either.

But that hasn't stopped this company's shares from rocketing a pleasing 5.44% so far to just over 24 cents per share. Some big news from a fellow lithium stock (stay tuned) could be the reason why Sayona is spiking, and we are seeing so many shares flying around.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded ASX 200 share today is another lithium stock in Pilbara Minerals. This Friday has had a notable 33.33 million Pilbara shares trade hands as it currently stands. Pilbara has revealed its latest earnings today, and (as we just flagged), they contained some big news.

The company has just announced its maiden dividend payment. Investors will be receiving Pilbara's first-ever dividend of 11 cents per share on 24 March. The market is evidently very excited by this news, as well as the impressive metrics Pilbara reported this morning, and has sent the company's shares up a meaty 3.24% so far today to $4.62 each.

All of these factors are probably why Pilbara is topping out ASX 200 volume charts this Friday.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) traded in the red on Tuesday, falling 0.21% to close at 7,336.3 points.

Its dip came amid a particularly busy earnings season session, with more than a dozen market giants posting results.

Among them were BHP Group Ltd (ASX: BHP), Coles Group Ltd (ASX: COL), and Tabcorp Holdings Limited (ASX: TAH).

Meanwhile, the Reserve Bank of Australia released the minutes of its February meeting, stating it didn't even consider not hiking rates earlier this month. Instead, the central bank debated between a 0.25% rise and a 0.5% rise.

The S&P/ASX 200 Materials Index (ASX: XMJ) was today's top-performing sector, rising 0.6% despite the BHP share price sliding on the mining giant's first-half earnings.

Though, many of the company's iron ore-focused peers posted strong gains amid one top broker's positive outlook for the steel-making ingredient's price.

Meanwhile, the S&P/ASX 200 Communications Index (ASX: XTJ) weighed heaviest, falling 1.2%.

But which ASX 200 shares posted the biggest gain on the index today? Let's take a look.

Top 10 ASX 200 shares countdown

Today's top-performing ASX 200 share was Johns Lyng Group Ltd (ASX: JLG) after the building services company dropped its earnings for the first half.

It revealed an 84% jump in post-tax profit and hiked its dividend by 67% to 4.5 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 Tabcorp Holdings Ltd (ASX: TAH) share price is up 4.5% on Tuesday morning.

Shares in the S&P/ASX 200 Index (ASX: XJO) gambling company closed yesterday trading for $1. Shares are currently changing hands for $1.05.

This comes following the release of Tabcorp's half-year results for the six months ending 31 December (1H FY23).

Here are the highlights.

Tabcorp share price soars on revenue and earnings lift

• Revenue of $1.28 billion, up 11% from the $1.15 billion reported in 1H FY22
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) of $197 million, up 24% compared to the 1H FY22 pro forma EBITDA
• Statutory net profit after tax (NPAT) of $52 million
• Operating expenses (OPEX) increased 4% year on year to $323 million
• Fully franked interim dividend of 1.3 cents per share declared, down from 6.5 cents per share in 1H FY22

What else happened during the half year?

Tabcorp credited the 24% increase in half-year EBITDA – a figure that looks to be boosting the share price this morning – to 58% growth in its cash wagering revenue. This followed on a strong rebound from the COVID-impacted earnings in 1H FY22 when restrictions on public gatherings remained in place.

The company noted its dividend payout ratio reflects 61% of NPAT before significant items and equity accounted loss.

The demerger from The Lottery Corporation was reported as "seamless" with the separation process remaining on track.

The half-year also saw the ASX 200 gambling company launch its new TAB App, alongside acquiring a 20% stake in online racing and sports bookmaker Dabble.

And Tabcorp improved its funding position, raising $425 million equivalent in debt from the US Private Placement market.

What did management say?

Commenting on the results sending the Tabcorp share price soaring today, CEO Adam Rytenskild said:

Today's results highlight that our transformation strategy, which commenced on 1 June 2022, is working… The COVID lockdowns presented an opportunity for digital only operators, but our retail customers have quickly returned, and our digital transformation is amplifying that opportunity.

I'm particularly pleased that, with new entrants entering the market and retail venues reopening, TAB held digital revenue market share for the first time since 2019. To retain our market share, while a new entrant took share from competitors and retail reopened, highlights that customers are loving the new TAB App.

What's next?

Looking ahead to what might impact the Tabcorp share price down the road, Rytenskild said the company is targeting 30% digital revenue market share by FY25, up from 25% currently.

The company is also aiming to cut its operating costs to between $600 million and $620 million in FY25.

As for the full 2023 financial year, Tabcorp upgraded its OPEX guidance to 2% to 3% growth on FY22 pro forma OPEX, from the prior 3% to 4% growth.

Its FY23 Capex guidance of $150 million and depreciation & amortisation guidance of $250 million to $260 million remained unchanged.

Tabcorp share price snapshot

As you can see in the chart below, the Tabcorp share price is now well into the green over the past 12 months, up just over 7%.

The post Tabcorp share price rocketing on strong post-COVID rebound results appeared first on The Motley Fool Australia.

It's been a pretty horrible day for ASX shares and the S&P/ASX 200 Index (ASX: XJO) in general so far this Wednesday. At the time of writing, the ASX 200 has lost a nasty 1.06%, putting the index down to around 7,350 points.

But not all ASX 200 shares are in the wars today. In fact, let's talk about four that are not only rising, but have just hit new 52-week highs today.  

4 ASX 200 stocks at new 52-week highs on Wednesday

Altium Limited (ASX: ALU)

ASX 200 tech share Altium is one such company that is defying the market's gloom today. At present, the Altium share price has risen by a decent 1.94% to $39.70 a share. But earlier this morning, the software-as-a-service (SaaS) provider rose as high as $40.34. That's a new 52-week high for Altium shares.

We haven't had any news out of Altium itself for almost a month. So perhaps a rise in the US tech sector overnight is helping to boost sentiment for shares like Altium today. This company's shares are up a pleasing 15.4% year to date, so this could also be an extension of that trend.

Carsales.com Ltd (ASX: CAR)

Another ASX 200 tech share in Carsales is our next stock to check out. Carsales is also having a massive day today. The online marketplace operator has had a very bouncy day indeed. Carsales shares are presently deep in the red, nursing a 1.26% loss to $22.66 a share.

But this morning saw the company rocket, with the shares hitting $23.53 soon after open. That's Carsales' new 52-week high.

Investors have been showing a renewed appreciation of Carsales shares ever since the company announced its latest half-year earnings on Monday. Revenue, profits and earnings were all up across the board, and Carsales jacked up its interim dividend by almost 12%. So this probably explains today's new high.

Seven Group Holdings Ltd (ASX: SVW)

Next up we have the ASX 200 diversified investment company Seven Group. Seven is having a fantastic session this Wednesday. The company is currently up a healthy 3.03% to $24 a share but rose as far as $24.53 just before midday today.

This one is pretty clear. Seven has also just reported its own half-year earnings this morning. This saw a 16% rise in revenues, while net profits were up 17% and earnings per share (EPS) rose 18%. Obviously, investors have been impressed by what seven had to show.

Lottery Corporation Ltd (ASX: TLC)

Finally today, let's talk about ASX 200 gaming share Lottery Corporation. Lottery Corp shares are currently up by 0.9% at $5.04 each. But this morning saw this company rise as high as $5.10 per share. That's (you guessed it) a new 52-week high for Lottery Corp.

Unlike Carsales and Seven Group, we haven't had any earnings from Lottery Corp recently. So this rise appears to just be the result of some investor goodwill. Lottery Corp shares have been on the SX for less than a year. The company was spun out of Tabcorp Holdings Ltd (ASX: TAH) in May last year.

The post 4 ASX 200 stocks smashing new 52-week highs on Wednesday appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) posted its first gain of the week on Wednesday, lifting 0.35% to close at 7,530.1 points.

It followed a strong session over on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) rose 0.8% overnight while the S&P 500 Index (SP: .INX) gained 1.3% and the Nasdaq Composite Index (NASDAQ: .IXIC) lifted 1.9%.

Back home, the S&P/ASX 200 Financials Index (ASX: XFJ) was out in front, gaining 0.9% today. The Suncorp Group Ltd (ASX: SUN) share price helped drive the sector higher, rising 4.6% on the company's half-year earnings.

On the other end of the market, the S&P/ASX 200 Health Care Index (ASX: XHJ) dropped 0.6%. It was dragged lower by shares in Healius Ltd (ASX: HLS). The stock plummeted 5.4% amid a broker downgrade.

But which ASX 200 shares managed to post today's biggest gains? Let's take a look.

Top 10 ASX 200 shares countdown

The top performing ASX 200 share today was building and construction materials company Boral Limited (ASX: BLD).

It lifted 12.8% to close at $3.97 on the back of a $56.8 million first-half profit – a 53% year-on-year improvement.

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.

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

ARB Corporation Limited (ASX: ARB)

The ARB share price is down over 10% to $29.88. This 4×4 auto parts company's shares have come under pressure after Macquarie gave a lukewarm response to its half year update. Its analysts have downgraded ARB's shares to a neutral rating with a $33.00 price target.

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is down 5% to $1.87. This follows the release of the property company's half year results. Although Centuria Capital delivered strong top line growth, its operating profit was flat year over year.

Nick Scali Limited (ASX: NCK)

The Nick Scali share price is down 5% to $10.26. Investors have been selling this furniture retailer's shares since the release of its half year results. Macquarie has also responded to its results by downgrading its shares to a neutral rating with an $11.30 price target. The broker appears concerned by the headwinds the company is facing from higher interest rates and a cooling housing market.

Tabcorp Holdings Limited (ASX: TAH)

The Tabcorp share price is down 2% to $1.016. This may have been driven by a broker note out of Goldman Sachs. It has warned that the gaming company could fall short of expectations with its results. It notes that industry feedback and data updates suggest that competition has been strong. This is being driven by disruption from a new entrant in the market, which it feels could be pressuring net margins and earnings.

The post Why ARB, Centuria Capital, Nick Scali, and Tabcorp shares are dropping appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 has slipped by a small but still significant 0.1% to just over 7,380 points. That was despite a brief foray into positive territory around midday. 

But rather than dwelling on that, let's instead check out the ASX 200 shares that are currently at the top of the share market's trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a common appearance on this list, the ASX 200 lithium heavyweight Pilbara Minerals. So far this Tuesday, a chunky 17.5 million Pilbara shares have been exchanged on the share market. There's been no official news out of Pilbara Minerals today.

So it's possible that this volume is down to the movements of Pilbara shares themselves. At present, this leading lithium producer has just scraped back into the green, up 0.25%, and is sitting at $4.05 a share.

However, Pilbara shares have been very bouncy today, and have traded between $3.95 and $4.08 each. Also assisting volumes could be the speculation that Pilbara could announce its maiden dividend in 2023.

Tabcorp Holdings Ltd (ASX: TAH)

Next up, we have the ASX 200 gaming company Tabcorp. Thus far, 19.62 million Tabcorp shares have been wagered on the share market.

Tabcorp hasn't made any announcements whatsoever in 2023 yet. So we can rule out that. So again, let's turn to the company's share price performance today. Tabcorp opened strongly this morning, rising as high as $1.20 a share.

But investors have gotten cold feet over the gaming company, with Tabcorp shares now down 1.35% at $1.095 each. This bouncy performance, together with Tabcorp's relatively low share price compared to its market capitalisation is probably the cause of this elevated volume.

Core Lithium Ltd (ASX: CXO)

Last up this Tuesday is another ASX 200 lithium share in Core Lithium. This Tuesday's session has seen a decent 20.27 million Core shares bought and sold as it currently stands. There hasn't been much out of Core either.

So again, we probably have the company's share price movements to thank for this volume. Core Lithium has fared far worse than Pilbara today, with the company shedding a nasty 4.69% so far to $1.015 a share. That's without the midday pop into positive territory that Pilbara enjoyed too.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

Dialling in a decent dividend income in 2023 could prove difficult if the pundits are right about an incoming recession. Fewer dollars being spent by consumers could mean fewer dividends for ASX shares to hand out.

On the other hand, interest rates are estimated to be near their peak. A recent survey of economists conducted by The Australian Financial Review implies two more rises before The Reserve Bank of Australia hits the pause button.

If both were 0.25% increases, we'd be looking at a 3.6% cash rate. In all likelihood, that could mean savings accounts offering around 5%. Not too shabby for a risk-free return on your money.

However, there are two factors to consider before loading up on cash:

• The return would still be negative when adjusted for inflation at the current 6.9% rate; and
• Interest rates are likely to fall again at some point in the future

If all you want is the highest possible yield, these ASX 200 dividend shares are beating inflation and savings rates right now.

Gargantuan ASX dividend yields on offer in 2023

You might initially think you'd need to look outside the S&P/ASX 200 Index (ASX: XJO) for companies advertising a yield greater than 10%.

It sounds too good to be true… something that would be limited to the speculative end of town. Yet, here I am disclosing five ASX shares with the highest yields right now — all above a whopping 10%.

Kicking us off at number five is the global mining beast, BHP Group Ltd (ASX: BHP). Not only has Australia's largest listed company by market capitalisation outpaced the benchmark index by 15% over the last year; but it also touts a tasty 10.1% dividend yield.

Beating out BHP with dividend yields of 11.4% and 12.9% respectively are Tabcorp Holdings Limited (ASX: TAH) and Smartgroup Corporation Ltd (ASX: SIQ). The former enjoyed a 13.7% upwards run in its share price over the past 12 months; the latter suffered a sickening 33% decline.

Smartgroup's mouthwatering 12.9% yield could be in jeopardy in the future following a reduction in the salary packaging and leasing company's interim dividend.

Finally, who are the chart toppers among ASX 200 dividend shares right now? Well, unlike last year, it isn't two iron ore mining companies. Instead, New Hope Corporation Limited (ASX: NHC) and Magellan Financial Group Ltd (ASX: MFG) are the belles of the yield ball.

The New Hope share price (shown above) and dividend yield have exploded since a year ago. Now, investors of this coal producer can bag themselves a 14.8% dividend yield based on the trailing 12 months.

However, the dividend yield champion — Magellan Financial Group — has been dealt a 51% blow to its share price during the last year. But, payouts have remained relatively resilient, boosting this ASX dividend shares' yield to a dazzling 19.2%.

The post These are the highest-yielding ASX 200 dividend shares right now appeared first on The Motley Fool Australia.

The first session of 2023 brought chaos to the market as the S&P/ASX 200 Index (ASX: XJO) fell 1.31%. The index closed Tuesday at 6,946.2 points.

It was the banks that weighed heaviest on the ASX. The S&P/ASX 200 Financials Index (ASX: XFJ) dropped 1.9% with the Westpac Banking Corp (ASX: WBC) share price leading the downturn, falling 2.7%.

Also struggling were stocks in the S&P/ASX 200 Health Care Index (ASX: XHJ) and the S&P/ASX 200 Consumer Staples Index (ASX: XSJ). The sectors tumbled 1.8% and 1.7% respectively.

Interestingly, the S&P/ASX 200 Energy Index (ASX: XEJ) performed on par with the broader index despite New Hope Corporation Limited (ASX: NHC) posting today's biggest fall. The coal stock plummeted 8.5% on Tuesday despite the company's silence.

It wasn't all dire, however. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) clambered its way into the green this afternoon, though it ultimately closed 0.1% lower.

But which ASX 200 share outperformed all others to post the strongest start to the new year? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today's top-performing stock on the index was gold explorer De Grey Mining Limited (ASX: DEG). It gained 5% to close today's session at $1.35.

Interestingly, there was no price-sensitive news released by the company today.

Today's biggest gains were made by these shares:

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.

Two S&P/ASX 200 Index (ASX: XJO) shares have started 2023 off on the right foot, leaping to 52-week highs on the first session of the new year.

Making their achievement more impressive is the broader market's suffering. The ASX 200 has plummeted 1.43% at the time of writing to hit 6,938.1 points.

That was despite a strong start to today's trade. The index lifted 0.46% early this morning before plunging into the red.

Fortunately, not all has been dire on the market on Tuesday. Let's take a look at the two ASX 200 shares that launched to their highest point in 12 months today.

The ASX 200 shares starting 2023 with fresh highs

The first ASX 200 share starting 2023 off with a new 52-week high is QBE Insurance Group Ltd (ASX: QBE). It lifted 0.44% in early trade to peak at $13.49 – marking a new post-pandemic high.

Sadly, the stock didn't hold onto its gains. It has since slipped 2.57% to trade at $13.09 at the time of writing.

And that could be a great entry point if broker Morgans is to be believed. It's tipping the QBE share price to soar to $14.93, my Fool colleague James reports, a potential 14% upside.

Joining QBE in posting a new 52-week high today is ASX 200 wagering company Tabcorp Holdings Limited (ASX: TAH). Its stock is soaring 2.79% right now to post a new 52-week high of $1.11.

Of course, that's accounting for the change to the company's valuation brought about by its demerger of the Lottery Corporation Ltd (ASX: TLC). The Tabcorp share price plummeted more than 80% when it spun out the now-ASX 200 giant in May.

The Lottery Corporation currently has a market capitalisation of $10.1 billion while that of Tabcorp sits at $2.5 billion.

The post Hot out the gate: 2 ASX 200 shares kicking off 2023 with new 52-week highs appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

HT&E Ltd (ASX: HT1)

The HT&E share price is up over 3% to 99.7 cents. This morning the advertising and media company announced the sale of its ~25% interest in Soprano Design to Potentia Capital for $66.3 million. Management believes the all-cash deal will allow the company to focus on its position as a leading provider of audio services in Australia.

Seven West Media Ltd (ASX: SWM)

The Seven West Media share price is up 2.5% to 40.5 cents. This follows news that the company has signed a new agreement with Cricket Australia. The seven-year deal extends the company's media rights from the 2024-25 season to the 2030-31 season. Seven West Media will be paying $65 million a year, which is a 13% reduction on its previous deal.

Tabcorp Holdings Limited (ASX: TAH)

The Tabcorp share price is up 2% to $1.10. This is despite there being no news out of the gambling company. However, given its relatively defensive earnings, investors may see it as a safe haven during the current market volatility.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 6% to $3.45. This morning, the semiconductor company announced that it has released its first 22-nanometre demonstration chip to manufacturing. Weebit Nano's demo chip aims to provide a low-power, cost-effective embedded non-volatile memory solution able to withstand harsh environments.

The post Why HT&E, Seven West Media, Tabcorp, and Weebit Nano shares are rising appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) traded in the red on Thursday. The Index closed 0.64% lower at 7,204.8 points.

It followed a similar fall on Wall Street after the US Federal Reserve hiked the nation's interest rates by 0.5%. The Dow Jones Industrial Average Index (DJX: .DJI) fell 0.4% on the back of the hike while the S&P 500 Index (SP: .INX) slipped 0.6% and the Nasdaq Composite Index (NASDAQ: .IXIC) dropped 0.8%.

Interestingly, however, it was miners that dragged on the Aussie bourse today. The S&P/ASX 200 Materials Index (ASX: XMJ) dropped 1.3% as lithium shares weighed heavily.

Retailers also suffered on Thursday, dragging the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) 1.2% lower.

Meanwhile, S&P/ASX 200 Consumer Staples Index (ASX: XSJ) stocks led the market. The sector lifted 0.7%.

At the end of Thursday's session, two of the ASX 200's 11 sectors were in the green. But which stock took out today's top-performing trophy? Keep reading to find out.

Top 10 ASX 200 shares countdown

Consumer staples stock Blackmores Ltd (ASX: BKL) led the index on Thursday, gaining 7.5% despite the company's silence.

Today's biggest gains were made by these shares:

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.

ASX dividend shares with yields over 10%? What could be better?

An ASX dividend share offering a 10% or greater yield on one's cash is a compelling proposition. We only found out this week that Australia's annual inflation rate is running at 6.9%. This technically means that if a dividend yield is under that threshold, the payments alone are not keeping your returns above breakeven.

So a 10% yielder is looking pretty good on that basis.

But finding high-yield ASX dividend shares is a bit of a risky business. There are plenty out there, to be sure. But if an ASX dividend share is offering a trailing yield above 10%, it's a sign that an investor might have to be wary. A company's trailing dividend yield reflects the past, not the future.

And if the share market lets a share trade with a trailing yield of more than 10%, it can often mean that many investors aren't expecting the dividends to continue at that level.

Otherwise, there would be more buyers, pushing the yield lower. So, always take a high dividend yield with a grain of salt.

But we digress. Here are 10 ASX dividend shares offering a dividend yield above 10% right now. The data comes from S&P Global Market Intelligence.

10 ASX shares with dividend yields over 10% today

Smartgroup Corporation Ltd (ASX: SIQ)

Smartgroup has paid out 66 cents per share in dividends over the past 12 months. That includes the March special dividend of 30 cents per share. This gives Smartgroup a trailing dividend yield of 12.6% right now.

Tabcorp Holdings Limited (ASX: TAH)

Gaming services provider Tabcorp has doled out payments worth a collective 13 cents per share this year. That gives Tabcorp a trailing yield of 12.42% at current pricing. But keep in mind that Tabcorp spun out Lottery Corporation Ltd (ASX: TLC) earlier this year, so this could affect Tabcorp's future dividend levels.

Yancoal Australia Ltd (ASX: YAL)

ASX coal share Yancoal is next up. This coal company has rained cash on its shareholders this year. It has doled out $1.03 in ordinary dividends per share, as well as a special dividend of 20.4 cents, for a total of $1.23 in dividends per share for 2022. That translates to a trailing dividend yield of 17.56% for just the ordinary dividends, and a whopping 21%, including the special dividend.

Magellan Financial Group Ltd (ASX: MFG)

ASX fund manager Magellan is another high-yielding share right now. This company has rolled out a total of $1.79 in dividends per share this year. At Magellan's current share price, that is worth a trailing yield of 18.34%

Latitude Group Holdings Ltd (ASX: LFS)

Financial services company Latitude is another relative newcomer to the ASX, having only listed in April last year. But it has certainly hit the ground running when it comes to dividend payments. Latitude has funded a total of 15.7 cents per share in dividends in 29022. That gives the ASX financial share a trailing yield of 11.89% right now.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is one of the ASX's more well-known dividend payers these days. And over 2022, Fortescue did not disappoint in this regard. Investors have enjoyed a total of $2.07 in dividend payments per share this year. That gives Fortescue a trailing yield of 10.51% today.

Base Resources Ltd (ASX: BSE)

Mineral sands producer Base Resources is next. This company has given investors two dividends worth 3 cents per share each over 2022. On today's share price of 21 cents, that equates to a trailing yield of a whopping 28.57%

SPDR S&P/ASX 200 Resources ETF (ASX: OZR)

This exchange-traded fund (ETF) has had a top year when it comes to distribution payouts. This fund, as its name implies, holds a basket of ASX resources shares. So you can understand why it has been able to make its investors very happy in this regard. Investors have enjoyed payments worth a total of $2.08 per unit this year. That gives this ETF a trailing yield of 14.54% on today's pricing

Regal Investment Fund (ASX: RF1)

Listed investment trust Regal is another dividend share with an enviable yield. Investors have enjoyed distributions worth 39.56 cents per unit over the past 12 months. That gives the Regal Investment Fund a trailing distribution yield of 12.21%.

SPDR MSCI Australia Select High Dividend Yield ETF (ASX: SYI)

Our final share to check out today is another ETF. As its name implies, this fund from SPDR focuses on holding a basket of high-yield dividend shares. It pays distributions quarterly, which, over the past 12 months, totals $4.29 per unit. On the current unit price of $27.95, that gives this ETF a trailing yield of 15.35%.

The post 10 ASX dividend shares paying more than 10% yield right now appeared first on The Motley Fool Australia.

The BHP Group Ltd (ASX: BHP) share price is up around 1% today to $43.89 and 15% higher over the past 12 months.

Dubbed 'The Big Australian', BHP is now the biggest share of the S&P/ASX 200 Index (ASX: XJO) by market capitalisation.

Over the long term, it is probably considered to be among the bluest of blue-chip shares. It is certainly a cornerstone of many retirees' portfolios.

So, why is BHP among a bunch of ASX 200 shares kicked out of Macquarie's model investment portfolios?

Macquarie turfs BHP from model portfolios

Brokers publish model portfolios to help their clients keep their investments up-to-date and growing.

However, changes to model portfolios do not indicate an official buy, sell, or hold recommendation.

According to The Australian, Macquarie has dropped several high-profile ASX 200 shares from its model holdings.

On the out is BHP and fellow ASX mining share South32 Ltd (ASX: S32). Also gone are ASX travel shares Flight Centre Travel Group Ltd (ASX: FLT) and Qantas Airways Limited (ASX: QAN).

Also turfed is Australia and New Zealand Banking Group Ltd (ASX: ANZ), Tabcorp Holdings Ltd (ASX: TAH), James Hardie Industries plc (ASX: JHX), and Seven Group Holdings Ltd (ASX: SVW).

Macquarie is forecasting a United States recession in 2023. It thinks the bottom of the market in Australia is six or seven months away.

Macquarie's Matthew Brooks explains that the changes to the model portfolios were made to "reduce exposure to earnings risks, while still trying to minimise exposure to highly valued stocks".

There was no specific commentary on BHP shares from the broker.

Morgans says buy the BHP share price

Another top broker, Morgans, has just named BHP shares among its best ideas again this month.

As my Fool colleague James reported yesterday, Morgans likes BHP for its dividends, operational diversity, and strong balance sheet.

Morgans has an add rating on BHP and a $47 share price target.

Morgans commented:

We view BHP as relatively low risk given its superior diversification relative to its major global mining peers.

The spread of BHP's operations also supplies some defence against direct COVID-19 impact on earnings contributors.

While there are more leveraged plays sensitive to a global recovery scenario, we see BHP as holding an attractive combination of upside sensitivity, balance sheet strength and resilient dividend profile.

The broker is tipping fully franked dividends of approximately $2.96 per share in FY23 and $2.99 in FY24.

The post Macquarie is cooling off on its outlook for BHP shares. Should you? appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) is up 0.67% today but remains down 5.3% over the year to date.

That's better than where it was in mid-June — down 15% — when the market appeared to turn.

So, where to from here? Are we at, or close to, the bottom for ASX 200 shares?

Are ASX 200 shares close to the bottom?

According to The Australian, top broker Macquarie thinks the bottom is at least six months away.

Macquarie's Matthew Brooks says ASX shares are more likely near the end of a bear market rally. That's very different to being at the start of a bull market rally.

Standing in the way of an ASX 200 shares comeback is a forecasted United States recession in 2023.

Brooks said:

We may emerge from the shadow of a boom in 2023 but a lot of water needs to flow under the
bridge before then — our best guess is a market bottom around July 2023.

To this end, the broker has kicked a bunch of high-profile ASX 200 shares out of its model portfolios.

Which ASX 200 shares is Macquarie dumping?

Brokers publish model portfolios to help their clients keep their ASX shares portfolios up-to-date and growing.

However, changes to the model portfolios do not indicate an official buy, sell or hold recommendation.

The companies kicked out of Macquarie's model portfolios include ASX travel shares Flight Centre Travel Group Ltd (ASX: FLT) and Qantas Airways Limited (ASX: QAN).

Also dismissed: Australia and New Zealand Banking Group Ltd (ASX: ANZ), Tabcorp Holdings Ltd (ASX: TAH), South32 Ltd (ASX: S32), James Hardie Industries plc (ASX: JHX), and Seven Group Holdings Ltd (ASX: SVW).

Macquarie has also reduced its model portfolio holdings in Suncorp Group Ltd (ASX: SUN), National Australia Bank Ltd (ASX: NAB), Insurance Australia Group Ltd (ASX: IAG), BHP Group Ltd (ASX: BHP), Woodside Energy Group Ltd (ASX: WDS), Pilbara Minerals Ltd (ASX: PLS) and Computershare Limited (ASX: CPU).

Which ASX 200 shares is Macquarie backing?

On the other side of the coin, the ASX 200 shares Macquarie is adding to its model portfolios are Commonwealth Bank of Australia (ASX: CBA), Transurban Group (ASX: TCL), APA Group (ASX: APA), Orora Ltd (ASX: ORA), and ASX Ltd (ASX: ASX).

The broker has also increased its holdings in CSL Limited (ASX: CSL) and Ramsay Health Care Limited (ASX: RHC).

Brooks explains:

The portfolio changes we have made are done to reduce exposure to earnings risks, while still trying to minimise exposure to highly valued stocks.

We also reduce exposure to stocks that benefit from higher bond yields and rotate to 'bond proxies'. Our changes are also informed by what worked in past recessions.

What happens in America follows in Australia

The Australian Financial Review (AFR) reports that two other brokers think the key to a market pivot for the S&P 500 Index (SP: .INX) lies in the US Federal Reserve ceasing its interest rate rises.

These comments are relevant to ASX 200 shares because the Australian stock market tends to follow US market trends.

LPL Financial's Adam Turnquist and Marc Zabicki said:

If you factor in the fed funds futures timeline of a May or June peak in the terminal rate, you could see around an 11 per cent second half rally on the S&P 500 (based on six-month average returns).

Will growth stage a comeback? History shows growth and value trading higher but largely in line during the six-month period after a Fed pivot.

However … growth outperformance typically becomes more pronounced after the six-month post-pivot window. One of the catalysts driving growth's relative strength likely stems from falling interest rates and inflation during this period.

With a potential peak in interest rates occurring near a Fed pivot, we suspect growth could make a comeback during the back half of 2023.

Mike Wilson, a US equity strategist at Morgan Stanley, said his team expects the S&P 500 to continue rallying for a short while.

Wilson said:

We still expect higher highs for this tactical rally before the deteriorating fundamentals take us to lower bear market lows next year.

The post Will ASX 200 shares bottom before the year is out? Here's Macquarie's 'best guess' appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) posted a third consecutive gain on Tuesday. The index closed 0.36% higher at 6,958.9 points.

The United States' mid-term elections were the talk of the town today as they kicked off. Some experts predict Wall Street could rejoice if the US Republican Party takes power in either the senate or the house, thereby potentially limiting sweeping legislative changes.

Meanwhile, back home, the S&P/ASX 200 Utilities Index (ASX: XUJ) led the way, gaining 1.4%.

The S&P/ASX 200 Financials Index (ASX: XFJ) and the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) also outperformed, lifting 1% and 1.3% respectively.

It wasn't such a great day for the S&P/ASX 200 Energy Index (ASX: XEJ), though. It fell 2.3% amid easing oil prices.

The Brent crude oil price dropped 0.7% to US$97.92 a barrel overnight, while the US Nymex crude oil price slipped 0.9% to US$91.79 a barrel.

The S&P/ASX 200 Materials Index (ASX: XMJ) also dropped 0.3% on Tuesday.

All in all, nine of the ASX 200's 11 sectors closed higher. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today's top-performing ASX 200 stock was Mineral Resources Limited (ASX: MIN). It posted a near-5% gain despite no news having been released by the diversified mining company.

Today's biggest gains were made by these shares:

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 been a big year for S&P/ASX 200 Index (ASX: XJO) gambling and entertainment share Tabcorp Holdings Limited (ASX: TAH), and those holding it for its dividends.

The company spun out its lotteries and Keno businesses into the Lottery Corporation Ltd (ASX: TLC) in May and posted a $6.8 billion profit in August while management committed to growth.

Potentially making the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) share more attractive, it currently offers investors a whopping 13.75% dividend yield.

The Tabcorp share price is trading at 94.5 cents at the time of writing.

But is the ASX 200 dividend share too good to be true? Here's what experts think.

Is this high-yielding ASX 200 dividend share a buy?

Tabcorp shares boast one of the highest yields on the ASX 200, having paid out 13 cents of dividends per share over the last 12 months. But is it a buy? Well, that depends on who you ask.

Plato Investment Management managing director Dr Don Hamson tips the stock as a buy, saying, courtesy of Livewire:

We think it's good value, and they're cycling some comparisons to a COVID-19 period when things were much tougher. So, they actually have recently announced some better results.

But the recent demerger has left a sour taste in the mouth of Hamson's peer, Wheelhouse Partners managing director and portfolio manager Alastair MacLeod.

The fundie prefers the spun-off entity, noting that Tabcorp's key management personnel went to the Lottery Corporation – a larger and "much higher-quality business".

Therefore, in MacLeod's books, the ASX 200 dividend great is a sell, as per the masthead.

It's also worth mentioning another key implication of the demerger – its impact on dividends.

Is the Tabcorp dividend yield too good to be true?

Tabcorp's yield is higher now than it was this time last year despite the company having paid out 14.5 cents of dividends per share in financial year 2021.

Indeed, exactly 12 months ago the ASX 200 share's dividend yield was just 2.76%.

That's because, as part of the split, the Lottery Corporation walked away with a huge chunk of Tabcorp's valuation. However, the full impact on its dividends hasn't quite been realised.

The latest Tabcorp dividend still included five months of earnings from the lotteries and Keno businesses. But they're no longer contributing to its bottom line.

Thus, the ASX 200 shares' dividend yield will likely look very different this time next year.

The post Is this ASX 200 share with a dividend yield of 14% too good to be true? appeared first on The Motley Fool Australia.

The market is chugging along beautifully today with the S&P/ASX 200 Index (ASX: XJO) up 1.9%. But over the first quarter of FY23, the benchmark index moved lower by 1%. And it's down 11% year to date.

During turbulent times on the market, as we've had this year, investors often turn their attention to ASX 200 dividend shares because capital gains are likely to be lower for now.

Below we canvas the three ASX 200 shares that offered the best dividend yields in Q1 FY23.

Magellan Financial Group Ltd (ASX: MFG)

Magellan is a fund manager that makes money by looking after other people's money. They invest their clients' funds and charge fees based on the amount invested and each investment's performance.

According to S&P Capital IQ data, Magellan had the highest dividend yield in Q1 FY23 of the ASX 200. It was 15.9% as of 30 September. A 15%-plus dividend yield sounds amazing, right? But there's a deeper story here, which is why investors must do their research before buying a dividend share (or any share, for that matter).

What's happened here is that the Magellan share price has absolutely cratered in 2022. The company is earning less money because investors have been withdrawing funds. So, Magellan is paying less money out in dividends, but the yield still looks great because of the severely weakened share price.

Tabcorp Holdings Limited (ASX: TAH)

Tabcorp is a wagering and media and gaming service business. It used to do lotteries as well before demerging that segment in May 2022, which resulted in the formation of Lottery Corporation Ltd (ASX: TLC). Most Aussies would know Tabcorp through its TAB brand both online and in venues.

The data shows Tabcorp had a dividend yield of 13.9% in Q1 FY23. If you're thinking of investing for dividends, something to check out here would be how the demerger might impact future dividends.

The trailing dividend would include part of the lotteries segment's earnings, which are no longer relevant for future payouts. But the Tabcorp share price has also tanked in 2022, so maybe the yield is sustainable.

South32 Ltd (ASX: S32)

The data shows South32 had a dividend yield of 13.3% in Q1 FY23.

South32 is a mining company with assets producing aluminium, manganese, coal, zinc, silver, and nickel.

With commodity prices going off in 2022, it's no surprise to see the dividend yield at such a strong level. However, dividend investors must be mindful that commodity prices can go up and down.

A higher commodity price means the company makes more on the stuff it digs out of the ground, while costs remain roughly the same. That means more profit to distribute to shareholders. And vice versa.

So, if you're buying South32 shares today for the long term (long-term investing is what we advocate here at The Fool), don't expect today's dividends to necessarily be the same tomorrow.

The post 3 ASX 200 dividend shares with the highest yields in Q1 appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) followed Wall Street into the red on Monday. The index closed 1.4% lower at 6,667.8 points.

Its tumble appeared to follow similar suffering on US markets on Friday after strong employment data stoked expectations of further rate hikes. The Dow Jones Industrial Average Index (DJX: .DJI) fell 2.1% on Friday, as the S&P 500 Index (SP: .INX) plunged 2.8%, and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) plummeted 3.8%.

Unsurprisingly, then, the S&P/ASX 200 Information Technology Index (ASX: XIJ) was one of the market's worst-performing sectors today, dumping 2.6%.

Interestingly, the S&P/ASX 200 Consumer Staples Index (ASX: CSJ) led the way, falling just 0.3%.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) fell 0.9% and the S&/ASX 200 Energy Index (ASX: XEJ) dumped 1.1% despite rising oil prices.

The Brent crude oil price lifted 3.7% to US$97.92 a barrel on Friday, while the US Nymex crude oil price gained 4.7% to US$92.64 a barrel.

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

Top 10 ASX 200 shares countdown

The Sims Ltd (ASX: SGM) share price topped the lot on Monday, gaining 2.2%. That's despite no news having been released by the metal recycling company.

Today's biggest gains were made by these shares:

Our top 10 ASX 200 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 last year has proven to be a challenging time to pick a winning investment inside the S&P/ASX 200 Index (ASX: XJO). A quick look at the Aussie benchmark shows that the majority of constituents' share prices are worse off than where they were a year ago.

However, one portfolio manager is putting her expertise to work in an attempt to uncover a winner. In a recent interview, Jun Bei Liu of Tribeca Investment Partners paints a picture of an ASX-listed investment with plenty of potential.

Let's take a look at what ASX 200 share it is before jumping out of the gates.

Punters season underway

At times it can be difficult to forecast the peaks and troughs of cyclical businesses. Other times, it can be quite simple.

For instance, retailers tend to see their highest sales in the weeks around Christmas and Boxing Day, airlines tend to land their busiest season during summer, and sports betting companies typically make bank in spring.

Last weekend, we witnessed the AFL grand final between the Geelong Cats and the Sydney Swans. This weekend, we will see the NRL grand final between the Penrith Panthers and the Parramatta Eels. Soon after, the ICC men's Twenty20 World Cup will be held. And, Australia's biggest horse racing event — the Melbourne Cup — is set to take place on 1 November.

As you can imagine, the next couple of months is a punter's paradise. Hence, Liu is expecting the gloves to come off, and the Tabcorp Holdings Limited (ASX: TAH) share price to start swinging… to the upside.

The seasoned portfolio manager shared her take on this ASX 200 share with The Age, saying:

We're heading into a seasonally strong period for Australian wagering and a lot of these companies are going into spring with extremely defensive positions. 

I can easily see it go up by 10 to 20% because Tabcorp is the only one going through seasonally strong periods and still trading very low multiples and yet analysts don't upgrade.

The Tabcorp share price has retained its value far better than other ASX-listed wagering companies in 2022. While the ASX 200 constituent is down 6.5%, others such as Pointsbet Holdings Ltd (ASX: PBH) and Betmakers Technology Group Ltd (ASX: BET) have sunk 70% and 62%, respectively.

Valuation on ASX 200 gambling giant

Checking out the fundamentals of Tabcorp reveals the company is loss-making for the latest trailing 12-month period. This means we should probably look at the price-to-sales (P/S) ratio for a rough comparison, rather than earnings.

Right now, this ASX 200 share is presenting with a P/S ratio of around 0.9 times. Meanwhile, the industry average is situated at two times sales. Ironically, that is exactly what Pointbet is currently valued at, with Bluebet Holdings Ltd (ASX: BBT) close behind at 1.8 times.

The post 'I can easily see it go up by 10 to 20%': Expert reveals ASX 200 share that's seasonally strong right now appeared first on The Motley Fool Australia.