There are some S&P/ASX 200 Index (ASX: XJO) tech shares that I believe could make great investments if they were a bit cheaper.

It has been a strange last 18 months or so. While plenty of ASX 200 tech shares were among the best performers during the COVID-19 pandemic, a number of tech names suffered a sell-off in 2022.

However, pleasingly for shareholders, some of the strongest players in the tech space have gone through a recovery.

I think that both of the below names, global leaders at what they do, would make very attractive investments, particularly if they were 20% cheaper.

Altium Limited (ASX: ALU)

Altium is a leader at providing electronic PCB design software around the world.

The ASX 200 tech share has done well over the past year, rising by around 25%.

I think that the company is doing everything right to succeed. Altium is spending on marketing and software development on existing products, while its newer offerings are showing very promising signs of growth, including the online cloud platform called Altium 365. Electrical parts search engine Octopart has also grown substantially over the past few years.

The FY23 half-year result showed growth in all the right areas. Revenue rose 17% to US$119.5 million and the earnings before interest, tax, depreciation and amortisation (EBITDA) margin improved from 34.1% to 36.2%. This helped earnings per share (EPS) rise 29% to 22.53 US cents and the interim dividend was boosted by 19% to 25 Australian cents.

In FY23, the ASX 200 tech share is expecting to grow revenue by between 15% to 20%, with the cloud platform segment expecting revenue growth of between 20% to 30%.

Over the next few years, Altium is expecting to approximately double its revenue, while increasing profit margins.

However, while I am a shareholder and very optimistic about its future, its valuation reflects a lot of the potential. According to Commsec, it's valued at 62 times FY23's estimated earnings. So, it would be even better to buy shares if it were 20% cheaper.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne describes itself as Australia's largest enterprise software company, with locations globally.

It provides a global software as a service (SaaS) enterprise resource planning (ERP) solution that "transforms business and makes life simple" for customers. The ASX 200 tech share has over 1,200 leading corporations, government agencies, local councils and universities,

I think that TechnologyOne's earnings could be really defensive, even in a downturn. Businesses, governments and so on still need to use software, even if the GDP or the share market goes backwards.

The world continues to digitise, which I think is a strong tailwind for a business that is helping enable that. Saving organisations' time, enabling more efficiencies and providing accessibility is valuable, so it doesn't surprise me that TechnologyOne has such a high retention rate and customers want more of TechnologyOne's software over time.

In the half-year result for the six months to September 2022, total revenue rose 18% to $369.4 million and net profit after tax (NPAT) grew by 22% to $88.8 million.

The company's profit before tax margin was 32% and this is expected to rise to 35% in the coming years thanks to "significant economies of scale".

The ASX 200 tech share is valued at 53 times FY23's estimated earnings according to Commsec, so being able to own shares at a 20% discount to today's price would be welcome.

The post The ASX 200 tech shares I'd be thrilled to buy at a 20% discount appeared first on The Motley Fool Australia.

It's pretty incredible, but there is actually a technology stock in the S&P/ASX 200 Index (ASX: XJO) that's risen 46% over the past year.

This is a pretty remarkable effort during a time when the S&P/ASX All Technology Index (ASX: XTX) lost 7.8%. If you go back to November 2021, the tech index has lost a third of its value.

That outlier is Brisbane's TechnologyOne Ltd (ASX: TNE).

"TechnologyOne is Australia's largest enterprise resource planning (ERP) software-as-a-service (SaaS) provider," Fairmont Equities managing director Michael Gable said in a blog post.

The reason for its outperformance compared to its industry peers is the demographics of its clients.

"Around 85% of revenue is generated from the government, education and health sectors, which are highly defensive. The company has a customer retention rate of +99% and [a] very low customer churn rate."

'Consistent performance' and 'highly attractive' fundamentals

According to Gable, TechOne's "fundamentals are highly attractive", citing the business' 90%+ recurring revenue profile, a less than 1% churn rate, "a highly cash generative business model" and a clean balance sheet.

The software provider has a history of "consistent performance", and currently has "achievable medium-term targets".

That includes a profit before tax margin of 35% by the 2026 financial year and a three-year earnings growth profile of +14% per annum.

Although the TechOne share price has gone sideways for the past month, Gable expects it to resume its climb.

"With the shares currently trading on a one-year forward P/E multiple of ~44x, which is above the upper end of the trading range over the last four years (35 to 43x), we consider that the market is starting to factor in TechOne's medium-term targets."

About 18 months ago, the company acquired UK software vendor Scientia in an effort to gain clientele in the education sector.

Gable is looking forward to seeing what impact that has on TechOne's performance.

"Evidence of a step-change in ARR performance in the UK following the Scientia acquisition, as well as maintaining a higher rate of additional customers per year onto the SaaS platform are two key factors that would support a more positive view on the shares."

Gable's peers are somewhat divided on TechOne shares.

According to CMC Markets, seven out of 12 analysts currently reckon the stock is a hold. Two rate it a buy and three urge a sell.

The post Up 45% in a year! But this boom ASX 200 tech share is still a buy: expert appeared first on The Motley Fool Australia.

It's simple enough to envisage a $100,000 portfolio of income stocks that would pay thousands of dollars in dividends.

Names like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and Woodside Energy Group Ltd (ASX: WDS) may pay a decent yield today but they may not achieve a strong capital compound annual growth rate (CAGR) from here.

However, I think there are a couple of ways that ASX growth shares can achieve good cash flow for investors.

Strong dividend growth

There are plenty of businesses on the ASX that don't have dividend yields of more than 3%. That could be because of a combination of lower dividend payout ratios as well as higher price/earnings (P/E) ratios.

This could reflect the fact the business is retaining more of its profit to reinvest (therefore, it has a lower payout ratio) and the market is pricing the business for a higher earnings growth rate.

Some ASX growth shares have achieved enormous dividend growth because their payouts are growing along with their earnings growth.

For example, Lovisa Holdings Ltd (ASX: LOV) shares paid an annual dividend per share of 17.6 cents in FY17, which had grown to 74 cents per share in FY22.

Hub24 Ltd (ASX: HUB) has grown its annual dividend per share from 4.6 cents in FY19, up to 20 cents per share in FY22.

Johns Lyng Group Ltd (ASX: JLG) shares paid an annual dividend of 3 cents per share in FY19 and this has grown to 5.7 cents per share in FY22.

Netwealth Group Ltd (ASX: NWL) shares paid an annual dividend per share of 10.6 cents in FY18 and this had grown to 20 cents per share in FY22.

TechnologyOne Ltd (ASX: TNE) shares paid a dividend per share of 5.6 cents in FY13, which had grown to 17 cents in FY22.

What I'm trying to show here is that even if a dividend yield is 1.5% or 2% today, if the dividend quickly doubles or triples then the yield has become decent and that dividend could keep growing strongly.

Sell-down ASX growth shares

If an investor had a $100,000 portfolio of ASX growth shares, investors will hopefully see a certain level of capital growth over time.

Instead of receiving dividends, investors could decide to sell a portion of their investment and use the cash from that sale.

For example, if a $100,000 growth portfolio increased by 10% in a year then it would gain $10,000. An investor could sell $5,000, access that money, and be left with a portfolio worth $105,000.

If the growth portfolio worth $105,000 grew by 10% again, an investor would have $115,500. An investor could then sell $5,000 or $5,500 of those shares and be left with around $110,000.

One benefit of this strategy is that if an Australian taxpayer holds an investment for more than 12 months by the time of the sale, the gain can be eligible for a capital gains tax discount which can halve the taxable gain.

Of course, growth isn't guaranteed every year. In some years, the growth could be less than 10% but, of course, in other years, it could be stronger.

The post How to create a second income from ASX growth shares appeared first on The Motley Fool Australia.

That's because the returns on offer with term deposits pale in comparison to historical share market returns.

For example, at present, Commonwealth Bank of Australia (ASX: CBA) is offering 3.75% per annum on 12-month term deposits. Whereas the share market has historically provided investors with a 10% per annum return.

And while term deposit rates could still rise a touch more in the coming months if the RBA takes rates higher, I believe they are close to peaking given how inflation is now easing.

Term deposits versus ASX shares

Let's say we invest $100,000 into a term deposit that yields 4% per annum. In 10 years, you would have grown your investment to $148,000 if you reinvested the proceeds each year.

Whereas, if you generated a 10% per annum return from the share market, your $100,000 investment would have become $259,000 in a decade.

That's a $100,000+ difference!

And while there are risks to investing in the share market, unlike term deposits, and past performance is not a guarantee of future returns, I believe the risk/reward on offer is compelling enough to choose ASX shares over term deposits.

Buy shares like Warren Buffett

Consider taking the Warren Buffett approach if you choose to invest in ASX shares instead of term deposits.

Over several decades, the Oracle of Omaha has delivered market-beating returns for his company Berkshire Hathaway thanks to his focus on buying high-quality companies with competitive advantages, strong business models, and fair valuations.

The good news is that there's no shortage of quality in the Australian share market. ASX shares such as Macquarie Group Ltd (ASX: MQG), REA Group Ltd (ASX: REA), and TechnologyOne Ltd (ASX: TNE) tick a lot of these boxes and could be worth further investigation.

Alternatively, the popular VanEck Morningstar Wide Moat ETF (ASX: MOAT) enable investors to buy a collection of Buffett-type stocks through a single investment.

Investing $250 a month in ASX shares or term deposits

You don't just have to start with a large lump sum of money to grow your wealth Buffett-style.

By investing $250 a month, you have the potential to retire rich if you start early enough.

For example, thanks to compounding, if you were to invest $250 a month for 30 years and average a 10% per annum return, you would grow your wealth to approximately $520,000. Whereas doing the same with term deposits would yield approximately $172,000 at a 4% interest rate.

If you have a longer investment horizon of 40 years, your returns would be $1.4 million and $291,000, respectively, all else equal.

All in all, I believe this demonstrates why ASX shares are the superior option for investors looking to retire rich.

The post Forget term deposits! I'd listen to Warren Buffett and invest $250 a month to try to retire rich appeared first on The Motley Fool Australia.

The hype around artificial intelligence (AI) has never been more palpable. But with most AI companies located outside Australia and even fewer publicly listed, where can investors get a slice of AI stocks on the ASX?

We may not have the likes of Microsoft Corp (NASDAQ: MSFT) or Alphabet Inc (NASDAQ: GOOG) at our fingertips. However, Australia offers some high-quality businesses that may provide some exposure to the red-hot sector.

Find out what is catching my eye below.

The next frontier for productivity

Unless you have been living under a rock, you've probably heard of ChatGPT. The AI-powered chatbot owned by OpenAI became the fastest-growing consumer internet app in history in the past week — dethroning TikTok by reaching 100 million users in only two months.

Now, Microsoft, Google, and China search engine Baidu are all squabbling over which can implement the technology the quickest.

Critics may consider AI to be an overhyped fad, but the biggest tech companies in the world appear to be taking it seriously. In fact, Microsoft wasted no time integrating several new AI features into its browser yesterday, giving people the ability to leverage what it calls a 'co-pilot' directly in Microsoft Edge.

Which ASX stocks look ripe for the AI boom

In my opinion, the efficiency benefits of AI in the future will lend themselves to countless applications. As Microsoft CEO Satya Nadella states, "I think that this technology is going to reshape pretty much every software category."

That's why I'm personally keeping an eye on ASX stocks with their toes already in the AI industry.

TechnologyOne Ltd (ASX: TNE) is one such company that already makes use of the technology in its enterprise software solutions. If more enterprises see the value in AI, TechnologyOne could be well-placed to offer off-the-shelf solutions to its customers.

Another ASX stock offering AI-powered solutions is Imdex Limited (ASX: IMD). The company is a software provider to the mining industry, helping it make more informed decisions. One such product is their cloud-based AI spectral interpretation system named aiSIRIS.

Furthermore, Imdex currently trades at a price-to-earnings (P/E) ratio of 24. The valuation and its growth trajectory make it one company I'm seriously considering adding to my portfolio.

The final ASX stock with AI exposure that I think is appealing is circuit board design software company Altium Limited (ASX: ALU).

AI software ultimately needs hardware to run on. The company noted AI as a macro trend for driving increased demand for electronics in its 2022 full-year results.

Altium brings together a long tailwind, a history of executing on growth, and a commendable balance sheet. These ingredients combined make this ASX stock one I'd strongly consider for exposure to AI.

The post 3 unmissable ASX AI stocks on my radar right now appeared first on The Motley Fool Australia.

If you're feeling a bit off on Monday, you're not alone. Many shares are also having a relatively tedious day, with the S&P/ASX 200 Index (ASX: XJO) trading 0.16% lower than it was at Friday's close.

Fortunately, that hasn't stopped some overachievers from outperforming. Four ASX 200 shares have posted new 52-week highs this morning.

Here is all you need to know about the quartet trading at long-forgotten heights today.

4 ASX 200 shares posting new 52-week highs

Making the first notable jump this morning is the Pro Medicus Limited (ASX: PME) share price. The ASX 200 health imaging provider's stock rose 2% today to a new 52-week high of $66.42.

The gain came as the company announced a new 8-year $12 million deal with US community-based, integrated delivery network (IDN) Samaritan Health Service.

The deal will see Pro Medicus' Visage 7 Enterprise Imaging Platform replacing legacy systems across Samaritan's network.

Pro Medicus CEO Dr Sam Hupert commented on the news, saying:

IDNs are the largest market segment in North America, and this is our fifth material IDN contract in the last 12 months.

Joining Pro Medicus' shares in posting a new 52-week high today are those of Treasury Wine Estates Ltd (ASX: TWE).

The ASX 200 wine company's stock peaked at $14.47 earlier today. That marked a 0.5% gain and a new post-pandemic high.

Interestingly, there's been no news from the company lately. Though, it has been tipped to benefit from an apparent easing of tensions between Australia and China.

Also in on the action is the TechnologyOne Ltd (ASX: TNE) share price.

It rose nearly 2.2% this morning to reach $15.14 – a new all-time high.

The stock dodged the carnage that plagued the S&P/ASX 200 Information Technology Index (ASX: XIJ) in 2022 and has made the most of the sector's 2023 gains.

It's already risen 15% year to date.

And last but not least is Karoon Energy Ltd (ASX: KAR).

The ASX 200 oil and gas exploration company's shares lifted 1.2% to hit a multiyear-high of $2.45 this morning before slipping into the red.

Today's slump follows a 12% gain posted by the stock over the course of last week amid the release of its December quarterly report.

The post 4 ASX 200 shares hitting new 52-week highs on Monday appeared first on The Motley Fool Australia.

It's been a fairly pleasant day of trading for the S&P/ASX 200 Index (ASX: XJO ) so far this Friday. At the time of writing, the ASX 200 has added a decent 0.45%, putting the index at bang on 7,500 points. But ASX 200 tech shares are having an even better day.

Tech shares are on fire this Friday. At present, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is the best-performing sector on the market, up by an impressive 1.47% at present.

Tech shares are amongst the ASX 200's best individual share performers too. Just take the market-leading Megaport Ltd (ASX: MP1) share price right now. It's in the ASX 200's vanguard at present, recording a gain of 5.63% to $7.32 a share:

WiseTech Global Ltd (ASX: WTC) shares are also standout performers. This WAAAX veteran is up a pleasing 4.37% at $58.55 a share right now.

TechnologyOne Ltd (ASX: TNE) shares have gained more than 3.5%, while the share prices of NEXTDC Ltd (ASX: NXT), Xero Limited (ASX: XRO) and Block Inc (ASX: SQ2) are all beating the market, having recorded gains over 1% at present.

So what's going on with ASX 200 tech shares today that has this sector leading the entire market?

Why are ASX tech shares on fire this Friday?

Well, it could be down to a couple of factors.

Firstly, US tech shares had a very impressive session overnight (our time). The tech-heavy NASDAQ 100 Index closed a healthy 2% higher at back over 12,000 points last night.

This was driven by healthy moves like Amazon.com Inc (NASDAQ: AMZN) shares lifting by 2%, Alphabet Inc (NASDAQ: GOOGL) rising 2.42%, and Facebook and Instagram owner Meta Platforms Inc (NASDAQ: META) rocketing by 4.1%.

But Tesla Inc (NASDAQ: TSLA) stole the show, surging by a whopping 10.97% to US$160.27 after reporting some impressive quarterly earnings numbers:

So with all of these US tech shares enjoying such a stellar run last night, ASX tech shares were always going to be primed for a strong showing.

But secondly, some ASX news might be at play here as well. As my Fool colleague James covered this morning, ASX broker Morgans has upgraded its rating on Megaport shares. The broker now rates Megaport as an add, with a 12-month share price target of $9 – still well above the $7.38 it is asking at present.

But not only that, Morgans also stated that it has become increasingly bullish on most quality ASX tech shares:

Valuations for quality tech are now back to 20 year / long run averages (fair value)… Quality tech can grow regardless of weak economic conditions. Profit growth should reignite interest in the tech sector once again and this profit growth should drive share price appreciation.

So it could be a combination of these factors that is lifting ASX 200 tech shares so convincingly this Friday.

The post These ASX 200 tech shares are leading the market today appeared first on The Motley Fool Australia.

This year has brought good tidings to the S&P/ASX 200 Index (ASX: XJO) and these five shares are among those making the most of it.

They've each jumped as much as 5.8% to reach their highest point in more than a year on Tuesday.

Meanwhile, the iconic index is up 0.44% at 7,490.4 points at the time of writing. That's 7.8% higher than it was at the start of the year.

Let's take a closer look at what's sent these market giants soaring today.

These ASX 200 shares are roaring to long-forgotten heights

The first ASX 200 share posting a new 52-week high is Clinuvel Pharmaceuticals Limited (ASX: CUV). Stock in the biopharmaceutical developer lifted 2.6% to reach $27.42 earlier today – the highest it's been since 2021.

It follows yesterday's news of the company's analogue adrenocorticotropic hormone (ACTH). It's aiming to submit a regulatory drug master file for the product in the second half of this year – an "aggressive goal" according to chief scientific officer Dr Dennis Wright.

The Mineral Resources Ltd (ASX: MIN) share price is also rocketing on Tuesday, hitting a new record high amid a broker upgrade. The stock peaked at $96.78 earlier today – a 5.8% gain.

UBS has reportedly upped its expectations for lithium. It now tips demand to outweigh supply in the near and medium term, the Australian Financial Review reports.

In response, it's slapped a buy rating on shares in the ASX 200 materials giant.

Meanwhile, the TechnologyOne Ltd (ASX: TNE) share price is in the green for a third consecutive day. It follows the release of the company's non-price-sensitive annual report on Thursday evening.

The tech stock reached an all-time high of $14.705 today – marking a 2% rise.

ASX 200 travel giant Webjet Limited (ASX: WEB), on the other hand, popped then dropped today, hitting a post-pandemic high of $6.86 this morning before plunging into the red.

Today's peak saw the stock 1.2% higher than its previous close and around 170% higher than its 2020 low.

Finally, shares in ASX 200 health imaging technology provider Pro Medicus Limited (ASX: PME) have continued to inch towards their all-time high today.

The stock has posted a new 52-week high for a third consecutive session. This time it peaked at $64.77 – a 2.4% jump.

Its gains might be a belated reaction to Friday's announcement, detailing a $25 million contract with the University of Washington.  

The post 5 ASX 200 shares rocketing to new 52-week highs on Tuesday appeared first on The Motley Fool Australia.

There isn't a bell that rings that tell us when the bear market low has been reached. There were two moments of lows for the S&P/ASX 200 Index (ASX: XJO) in 2022 – in June and the end of September/start of October. Volatility is likely to continue but we may have already seen the bottom.

I think the market tends to hit its lowest when things are looking the most unknown. When it seems uncertain how things are going to go, I believe that's when share prices decline the most. However, when the bad factors are known and predicted, that seems to be when investors are more comfortable with the situation and share prices start rising.

For example, interest rates are even higher in the US and Australia than a few months ago. That's meant to put even more pressure on valuations, in theory. Yet, the ASX 200 is up by around 14% since 20 June 2022.

Why I think it's time to invest in ASX shares

I want to buy ASX shares as cheaply as possible. But, history tells me the low prices, as we've seen over the past several months, are likely to stick around only for so long. The share market and earnings have risen over time and I think that can continue in the coming years.

If we can buy investments at a cheaper price then it will help long-term returns, including a better dividend yield. As well, US inflation may be starting to come down.

We don't know what share prices are going to do in the future, but I can see a wide range of opportunities on the ASX today.

By the time economic conditions start improving, the share market could already have gone through a recovery. We'll just have to see how large the recovery is, considering interest rates are likely to stay higher than they have been over the last few years.

We've already seen a number of ASX shares rebound to get close to 52-week highs such as Webjet Limited (ASX: WEB), Lovisa Holdings Ltd (ASX: LOV), and TechnologyOne Ltd (ASX: TNE).

Which ideas could still be good value?

I regularly write articles about ASX shares that could make good investments. The Motley Fool website is a great place to find ideas.

In my opinion, heavily-hit names like Xero Limited (ASX: XRO), Pinnacle Investment Management Group Ltd (ASX: PNI), and Temple & Webster Group Ltd (ASX: TPW) are still long-term opportunities.

I also like the long-term tailwinds for companies such as Adore Beauty Group Ltd (ASX: ABY) and Estia Health Ltd (ASX: EHE).

This could also be a great time to consider an investment like a leading exchange-traded fund (ETF) such as Betashares Nasdaq 100 ETF (ASX: NDQ) that has fallen heavily.

The post Waiting for ASX shares to bottom? Why you could miss out on a stock market rally appeared first on The Motley Fool Australia.

So here are three dependable ASX shares that I'm seriously considering adding to my share portfolio in 2023.

3 ASX shares that I'm hoping to buy this year

Brickworks Limited (ASX: BKW)

Brickworks is sometimes derided as a 'borin' kind of ASX 200 share. But that's precisely why I would love to own this company. Brickworks' main business is the manufacturing and sale of construction materials, as its name implies.

But this company also has a lucrative property portfolio, which it cannily builds up using surplus land from its manufacturing facilities. This enables the company to mitigate the cyclical nature of the construction materials industry.

Further, the company also has a share investment portfolio, headlined by a massive stake in Washington H. Soul Pattinson and Co Ltd (ASX: SOL), which is another ASX 200 share I deeply admire.

Perhaps what attracts me most to Brickworks shares is the company's stellar dividend track record. Brickworks hasn't cut its dividend in more than four decades, and more often than not, gives its investors an annual dividend pay rise.

All of these factors are driving me to add Brickworks to my portfolio in 2023 if I can get an attractive price.

Vanguard MSCI Australian Small Companies Index ETF (ASX: VSO)

This exchange-traded fund (ETF) from Vanguard is an investment I already own. However, I am hoping to add even more to my holdings in 2023. Unlike the more popular Vanguard Australian Shares Index ETF (ASX: VAS), this fund focuses exclusively on the smaller side of the ASX.

Instead of BHP Group Ltd (ASX: CBA) and Commonwealth Bank of Australia (ASX: CBA), you'll find companies like Lynas Rare Earth Ltd (ASX: LYC), Cleanaway Waste Management Ltd (ASX: CWY) and Carsales.com Ltd (ASX: CAR) amongst this ETF's major holdings.

I think smaller ASX shares have far more capacity for growth than our largest businesses. So I like the diversification that this ETF brings to my portfolio. This fund also tends to pay out very healthy dividend distributions as well.

TechnologyOne Ltd (ASX: TNE)

My final 2023 hopeful is an ASX 200 tech share in TechnologyOne. Tech shares had an exceptionally rough year last year. But TechnologyOne was spared the pain. I think this was due to the high quality of this business. This company is a top provider of enterprise software to a range of clients, including companies, universities and governments.

TechnologyOne has delivered some impressive growth numbers over many years too. In FY2022, the company managed to boost its revenues by 19% and its after-tax profits by an even better 22%. I don't see the success slowing down any time soon either.

So this is the third ASX share I would love to see in my portfolio by the end of 2023, and I'm hoping that this year will give me a compelling price at some point to realise this dream.

The post New year, new look: 3 dependable ASX shares I'll be adding to my portfolio in 2023 appeared first on The Motley Fool Australia.

The dreaded 'i' words — inflation and interest rates — have monopolised financial headlines for most of the year. As such, whilst the S&P/ASX 200 Index (ASX: XJO) has delivered average capital growth of around 8% per annum over the past 20 years, it has fallen painfully short of this in 2022.

But, even during years when the stock market is struggling and share price gains are more difficult to lock in, it's still possible for investors to build wealth. One way of doing this is by owning dividend shares.

We asked our Foolish contributors which ASX dividend shares they reckon are 'cracker' buys in December for some new-year passive income. Here's what the team came up with:

7 best ASX dividend shares for December 2022 (smallest to largest)

Universal Store Holdings Ltd (ASX: UNI), $387.44 million

Adairs Ltd (ASX: ADH), $380.32 million

Codan Limited (ASX: CDA), $681.19 million

TechnologyOne Ltd (ASX: TNE), $4.51 billion

Medibank Private Ltd (ASX: MPL), $8.15 billion

Westpac Banking Corp (ASX: WBC), $81.79 billion

BHP Group Ltd (ASX: BHP), $236.87 billion

(Market capitalisations as at market close on 12 December 2022)

Why our Foolish writers love these ASX dividend shares

Universal Store Holdings Ltd

What it does: Universal Store is an omnichannel retailer focused predominately on the youth apparel industry through its Universal Store and Thrills brands. The company is also trialling the Perfect Stranger brand as a standalone retail concept.

By James Mickleboro: Although the retail sector is facing some tough times due to the cost of living crisis, I believe Universal Store is well-placed for further solid sales growth, thanks to its focus on younger consumers. That's because the company's target demographic will be less impacted by rising interest rates and also stands to benefit from an increase in the minimum wage.

Combined with its store expansion plans, I believe Universal Store can deliver robust earnings and dividend growth for the foreseeable future. Goldman Sachs expects this to be the case and is forecasting fully-franked dividends per share of 26.1 cents in FY 2023, 29.9 cents in FY 2024, and 33.2 cents in FY 2025. Based on the latest Universal Store share price of $4.71, this equates to yields of 5.5%, 6.3%, and 7%, respectively.

Motley Fool contributor James Mickleboro does not own shares in Universal Store Holdings Ltd.

Adairs Ltd

What it does: Adairs is a retailer of homewares and furniture with three different businesses – Adairs, Mocka, and Focus on Furniture.

By Tristan Harrison: Adairs has major plans to grow its product range and increase its market share. The company says there is a strong link between retail floor space and sales and, in turn, between sales and membership numbers.

Adairs is looking to grow its floor area by 5% per annum over five years and thinks it can increase its total members from around one million (as at the end of FY22) to 1.5 million over this time.

Furthermore, the company has plans to add 30 new Focus on Furniture stores nationwide and grow online sales across each of its businesses. It's also planning to sell online-only business Mocka's furniture in its bricks and mortar stores in future, creating further synergies.

Adairs wants to increase its sales from $564.6 million in FY22 to more than $1 billion over five years.
After a 45% fall of the Adairs share price in 2022, Commsec numbers imply an 11.6% grossed-up dividend yield in FY23.

Motley Fool contributor Tristan Harrison does not own shares in Adairs Ltd.

Codan Limited

What it does: Codan may not be a household name, but the products it manufactures and supplies span broadly. After acquiring Zetron and Demo Tactical Communications (DTC), the Adelaide-based company is now heavily involved in communications technology used in defence, emergency response, and sporting sectors.

In addition, Codan makes and sells advanced metal-detecting devices under its popular Minelab brand.

By Mitchell Lawler: I originally highlighted Codan back in our August instalment of top ASX dividend shares. Unfortunately, six days later in its FY 2022 results, Codan pointed to a weak outlook for its metal detector segment. Since then, the Codan share price has tumbled 57% – not my finest display!

However, I believe the sell-off is overdone, and investors lack appreciation for the value in Codan's communications business.

DTC received its largest-ever order for supplying software-defined mesh radios to the military in FY22, and Zetron is one of only two full-suite integrated emergency response technology providers globally. All of this for a price-to-earnings (P/E) ratio of 6.7.

Given the critical nature of its products, Codan might be able to lift prices with inflation. I believe the company's 20% bottom-line margin suggests a reasonable level of pricing power exists. Codan currently offers a dividend yield of 7.5%.

Motley Fool contributor Mitchell Lawler does not own shares in Codan Limited.

TechnologyOne Ltd

What it does: TechnologyOne develops and provides enterprise software to clients across industries, including government, education, utilities, and financial services.

By Brooke Cooper: I often highlight strong balance sheets and competitive advantages as some 'green flags' I look for in a stock, and I think TechnologyOne has both in spades.

The company boasted $175.9 million of cash and no debt at the end of financial year 2022 while its customer retention sat at industry-leading levels – more than 99% for the period.

The company also posted record full-year profits and currently offers a dividend yield of around 1%. Whilst this yield may not sound overly enticing right now, I believe the company has the potential for significant growth and, thereby, higher payouts in the future.

Looking to the future, TechnologyOne is targeting $500 million of annual recurring revenue by financial year 2026 and expects to continue doubling in size every five years.

Motley Fool contributor Brooke Cooper does not own shares in TechnologyOne Ltd.

Medibank Private Ltd

What it does: Medibank is an Australian health insurance company that provides services to around 3.9 million Australians via its Medibank and AHM brands.

By Matthew Farley: The Medibank share price currently trades near the bottom of its 52-week range, which I believe makes it potentially undervalued. As at Monday's close, the company's shares were trading hands for $2.96, with a dividend yield of 4.53%.

One expert from global fund manager Schroders believes the sell-off in Medibank shares after the company's data breach in November is partially irrational. The investing team at QV Equities appears to agree, having recently used the opportunity to scoop up additional shares for its portfolios.

I believe Medibank is a defensive stock worth considering for today's volatile market conditions and uncertain economic outlook.

Motley Fool contributor Matthew Farley does not own shares in Medibank Private Ltd.

Westpac Banking Corp

What it does: Westpac is an ASX 200 blue chip that needs little introduction. It is one of the largest retail banks in the country and is also one of the oldest companies in Australia.

By Sebastian Bowen: Most ASX bank shares have a well-earned reputation as generous dividend payers, and Westpac is no different. After COVID crippled Westpac's shareholder payments, the bank has spent the past two years finding its dividend feet. In 2022, Westpac will dole out $1.25 in dividends per share, a nice increase over 2021's total of $1.18.

ASX broker Morgans has recently come out with an add rating on Westpac. It's expecting Westpac shares to rise to $25.80 apiece over the coming 12 months and pay out attractive dividends going forward.

At Monday's closing price of $23.36, Westpac shares offer a fully-franked dividend yield of more than 5%.

Motley Fool contributor Sebastian Bowen does not own shares in Westpac Banking Corp.

BHP Group Ltd

What it does: BHP is among the world's largest producers of iron ore with a growing footprint in the copper sector. The S&P/ASX 20 Index (ASX: XTL) miner is the largest company, by market cap, on the ASX.

By Bernd Struben: BHP is a long-term reliable dividend stock, traditionally paying two fully-franked dividends each year. The miner also offers a dividend reinvestment plan (DRP).

With iron ore and copper prices soaring in early 2022, BHP paid some outsized dividends. Shares currently trade on a trailing yield of 10.1%. Whilst that's unlikely to be sustainable long term, Citi does forecast a resilient iron ore price for 2023, potentially retesting US$150 per tonne.

And Goldman Sachs forecasts that the copper price could hit new record highs next year. Should that eventuate, it could mean another year of outsized dividends.

The BHP share price is up 10% year to date.

Motley Fool contributor Bernd Struben does not own shares in BHP Group Ltd.

The post Top ASX dividend shares to buy in December 2022 appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to end the week on a positive note after a decent session on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 19 points or 0.25% higher this morning. In late trade in the United States, the Dow Jones is up 0.35%, the S&P 500 has risen 0.6%, and the Nasdaq is up 0.95%.

Oil prices down

Energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a subdued finish to the week after oil prices dropped again. According to Bloomberg, the WTI crude oil price is down 0.35% to US$71.74 a barrel and the Brent crude oil price is down 0.85% to US$76.56 a barrel. Demand concerns continue to weigh on prices.

BHP shares downgraded

The BHP Group Ltd (ASX: BHP) share price could be fully valued now according to analysts at Morgans. This morning the broker has downgraded the mining giant's shares to a hold rating with a $44.80 price target. It commented: "While hopeful of a China growth recovery, which would be positive for steel/iron ore demand, we are less comfortable with the equity market already moving to price in the recovery before it unfolds." Rio Tinto Ltd (ASX: RIO) shares were also downgraded for the same reason.

Gold price rises

Gold miners including Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a positive finish to the week after the gold price rose overnight. According to CNBC, the spot gold price is up 0.2% to US$1,800.8 an ounce. Traders were buying gold after the US dollar weakened.

Technology One rated neutral

The TechnologyOne Ltd (ASX: TNE) share price could also be fully valued according to Goldman Sachs. This morning the broker reiterated its neutral rating with an improved price target of $14.45. It said: "We are attracted to TNE's potential earnings upside in coming years (price increases, cross-sell execution, UK growth, margin expansion) and defensive public sector end markets, but see valuation as relatively full at current levels."

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

The S&P/ASX 200 Index (ASX: XJO) had another shocker today, notching up its third loss in a row for the week. The index finished up at 7,175.5 points, down 0.75% for the day. Since Monday, the ASX 200 has already lost a nasty 2%.

These losses were led by ASX 200 energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) ended up falling by a nasty 2.42%, led by Woodside Energy Group Ltd (ASX: WDS) falling by almost 3.7%. Leading coal miner Whitehaven Coal Ltd (ASX: WHC) was down by 2.59%.  

This was induced by sharp falls in energy and commodity prices. Oil is now back under US$80 a barrel, with WTI crude down 3.48% to US$74.25 a barrel on the latest numbers.

Meanwhile, the best-performing sector today was utilities, with the S&P/ASX 200 Utilities Index (ASX: XUJ) rising 0.97%. In total, only three of the ASX 200's 11 sectors were in the green today.

Countdown to the top 10 ASX 200 shares on Thursday

Our top-performing ASX 200 share today was Chalice Mining Ltd (ASX: CHN), which finished the session up a healthy 13.11% at $6.30 a share. This came after the miner indicated that it has uncovered some new copper and nickel reserves at its Julimar Project in Western Australia.

Here are the top ten shares from this Thursday's trading session:

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

It's been a good week for the S&P/ASX 200 Index (ASX: XJO). It's lifted 1.3% since this time last week to trade at around 7,300 points at the time of writing.

And that's not the only excitement going down on the Aussie bourse. Two ASX 200 directors have been buying and selling their companies' shares recently.

Let's take a closer look at the insiders shaking up their holdings over the past week.

2 ASX 200 directors trading in their company's shares

The share price of ASX 200 fast-food restaurant manager Collins Food Ltd (ASX: CKF) has taken a tumble in recent weeks, and insiders have seemingly taken advantage.

The Collins Food share price dumped 20% last week after the company revealed its half-year profits had tumbled 58% amid inflationary challenges.

While the news was likely disappointing, it might have presented a buying opportunity judging by the slew of insider buying that went down following the tumble.

Most recently, non-executive director Kevin Perkins bolstered his stake by 20,000 shares bought on-market for a total of $160,141. That equates to around $8 apiece.

That's just 40 cents off the two-year low of $7.60 posted by the stock last Wednesday.

On the other hand, insider selling has also been going down at ASX 200 tech favourite TechnologyOne Ltd (ASX: TNE) following a share price rally.

Stock in the software company has risen nearly 50% from its May low. The company's share price is also boasting a 19.5% gain over the last 30 days. Of course, there is a multitude of reasons an insider, like Rick Anstey, might choose to sell down their holding.

The director indirectly offloaded 14,000 TechnologyOne shares late last week, pocketing $196,320 for the sale. That equals around $14.02 apiece.

The ASX 200 share hit a record high of $14.43 in yesterday's session.  

The post 2 ASX 200 directors buying and selling their company shares in the past week appeared first on The Motley Fool Australia.

Yes, the S&P/ASX 200 Index (ASX: XJO) has roared back, gaining 13.5% since the start of October.

But with steep interest rate rises still yet to fully bite into consumer spending and much of the developed world possibly heading into recession, it's no time to be profligate with stock choices.

Quality businesses are the name of the game as we head into an uncertain 2023.

Here are a couple of ideas:

'One of the highest quality companies on the ASX'

Spotee Connect founder Elio D'Amato is a fan of technology services provider TechnologyOne Ltd (ASX: TNE).

"Supported by its loyal and expanding client base, this cloud-based software solutions provider delivered an excellent full-year report," D'Amato told The Bull.

"It offers a strong balance sheet. TechnologyOne's objective is more than $500 million in recurring revenue by fiscal year 2026."

The share price, unlike most of its tech peers, is actually up 8.57% year to date. In fact, TechOne has impressively rallied more than 33% since the start of October.

According to Google Finance, the price-to-earnings ratio now sits at almost 52.

"While some may be quick to point to its lofty valuation, TechnologyOne remains one of the highest quality companies on the ASX, in our opinion."

D'Amato recommends TechOne shares as a buy, but other experts are a tad more uncertain.

Six out of the nine analysts that cover the stock, according to CMC Markets, are rating the stock as a hold.

'Double-digit earnings growth and increasing dividends'

In times of rising interest rates, it's often tricky to figure out where bank shares are headed.

In one camp, experts say rate increases benefit banks because they fatten up net interest margins.

The bears say higher interest rates deteriorate customers' ability to pay back loans, triggering a rise in defaults, which is adverse for business.

D'Amato is in the former camp, at least for National Australia Bank Ltd (ASX: NAB).

"The bank delivered a strong fiscal year 2022 result," he said.

"It generated revenue and cash earnings growth on the prior corresponding period, and the business banking division led the way."

The NAB share price is 6.6% higher than where it started the year, while delivering a 4.8% dividend yield.

D'Amato noted that the changing net interest margin is a boon for the major bank.

"The company widened its net interest margin in the 2022 second half when compared to the first half," he said.

"The second half net interest margin was above analyst expectations."

Next year will be even better for NAB investors, D'Amato feels.

"We remain optimistic that NAB can deliver double-digit earnings growth and increasing dividends in fiscal year 2023."

The post 'Highest quality companies': Expert names 2 ASX shares to buy now appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) has taken off with a vengeance today. The ASX 200 is presently up a healthy 1.01% to just under 7,360 points. It was even better this morning, with the index rocketing to a new seven-month high of 7,375 points earlier in the session.

It seems that these strong gains have at least partly been spurred by what happened on the US markets overnight.

Last night (our time) saw the US markets go on a tear. The S&P 500 Index (SP: .INX) rose by a whopping 3.09%, while the NASDAQ-100 (NASDAQ: NDX) rose by an even more impressive 4.58%.

These moves came after some bullish comments from US Federal Reserve chair Jerome 'Jay' Powell.

As my Fool colleague dug into earlier today, Powell flagged a moderation of US interest rate rises going forward. Powell stated that, "the time for moderating the pace of rate increases may come as soon as the December meeting".

So it seems we could have just one man to thank for the massive gains we are seeing on the ASX today.

There are many shares doing even better than the ASX 200 today though, with several even clocking new 52-week highs. So let's dig into seven that have just hit new benchmarks for the year.

Thanks Jay: 7 ASX shares hitting new 52-week highs today

The A2 Milk Company Ltd (ASX: A2M) is one. A2 Milk shares are currently up around 1.7% at $6.30 after hitting a new 52-week high of $6.36 this morning. That leaves the A2 Milk share price up more than 21% over the past month.

We also have Mineral Resources Limited (ASX: MIN). Mineral Resources shares have climbed more than 2% so far this Thursday and hit a new 52-week (and all-time record) high of $89.98 soon after market open.

Treasury Wine Estates Ltd (ASX: TWE) shares are also joining in on the party. Treasury uncorked a new 52-week high of $13.97 this morning, although the shares have since lost a little flavour and are back in the red.

TechnologyOne Ltd (ASX: TNE) shares are another beneficiary of Mr Powell's optimism. This ASX 200 tech share cracked a new high of $14.22 upon market open this morning – a rather remarkable feat given this company has just traded ex-dividend today.

Financial services company AMP Ltd (ASX: AMP) hasn't missed out either. AMP was an ASX dog for several years, but seems to have turned around the ship over 2022. The company hit a new high of $1.40 at market open this morning. AMP shares are now up 36.2% in 2022 thus far.

Lower interest rates are catnip for gold, and our next winner is an ASX 200 gold miner in Perseus Mining Limited (ASX: PRU). Perseus shares have touched a new record high of $2.27 today, and are also up around 36% year to date.

Finally, we have ASX 200 travel share Webjet Limited (ASX: WEB). Webjet shares took off at market open this morning, climbing as high as $6.48 – a new 52-week high for the travel company.

So no doubt Jay Powell has more than a few fans on the ASX today,

The post Thank you Mr Powell! 7 ASX 200 shares cracking new 52-week highs on Thursday appeared first on The Motley Fool Australia.

ASX 200 tech shares are in the green today after the Nasdaq rallied in the United States overnight.

The S&P/ASX All Technology Index (ASX: XTX) is lifting 1.28% today, while the  S&P/ASX 200 Info Tech (ASX: XIJ) is lifting 0.83%.

Let's take a look at what is impacting ASX tech shares today.

Tech shares rise

Tech shares in the green today include:

• Megaport Ltd (ASX: MP1), soaring 5.46%
• Appen Ltd (ASX: APX), surging 11.24%
• Block Inc (ASX: SQ2), charging 7.14% higher
• TechnologyOne Ltd (ASX: TNE), rising 1.14%
• Altium Limited (ASX: ALU), leaping 1.76%

However, the BrainChip Holdings Ltd (ASX: BRN) and NextDC Ltd (ASX: NXT) share prices are bucking the trend, down 0.41% and 4.51%, respectively.

ASX tech shares are rising after the NASDAQ-100 Technology Sector Index (NASDAQ: NDXT) surged 5.24% in the USA overnight. Apple Inc (NASDAQ: AAPL) shares lifted 4.86%, while Meta Platforms Inc (NASDAQ: META) shares soared nearly 8%.

Tech shares lifted after investors appeared to react to a speech from US Federal Reserve Chair Jerome Powell.

Speaking at the Brookings Institution in Washington D.C, Powell said it makes sense to "moderate" the pace of interest rate rises. He said:

Monetary policy affects the economy and inflation with uncertain lags, and the full effects of our rapid tightening so far are yet to be felt. Thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down.

The time for moderating the pace of rate increases may come as soon as the December meeting. 

Megaport is an example of an ASX tech share with a noteable presence in the United States. For example, $6.5 million of Megaport's revenue in the first quarter of FY23 came from North America.

In addition, some investors may look at what's happening in the United States for signs on the direction of Australia's central bank.

The Reserve Bank of Australia is due to meet next Tuesday for a monetary policy decision. Australia's annual inflation rose 6.9% in the 12 months to October 2022, the ABS announced yesterday. However, this was down from the 7.3% annual change reported in September.

However, InvestSmart chief market strategist Evan Lucas predicted the RBA will lift rates in an interview with Sky News. Commenting on inflation and potential rate rises, he said:

6.9% is still a long, long way from where it needs to be.

The RBA next week will raise rates.

The post Why are ASX tech shares having such a cracking run on Thursday? appeared first on The Motley Fool Australia.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to continue its winning streak on Thursday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 13 points or 0.2% higher this morning. In late trade in the United States, the Dow Jones is up 0.7%, the S&P 500 is up 1.5%, and the NASDAQ has risen 2.5%. Wall Street rebounded strongly from a shaky start after the US Fed suggested that smaller rate hikes could start this month.

Oil prices storm higher

Energy producers including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good day after oil prices charged higher on Wednesday night. According to Bloomberg, the WTI crude oil price is up 3% to US$80.55 a barrel and the Brent crude oil price is up 2.8% to US$85.38 a barrel. Tighter supply conditions boosted prices.

BHP and Rio Tinto rise on Wall Street

Mining giant's BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) could have positive sessions on Thursday after rising on Wall Street overnight. In late trade in the United States, Australia's largest miners are up 2.7% and 1% on the NYSE.

Shares going ex-dividend

A couple of ASX 200 shares are due to go ex-dividend this morning and could trade lower on Thursday. Fund manager Pendal Group Ltd (ASX: PDL) is trading ex-dividend for its 3.5 cents per share dividend and enterprise software company TechnologyOne Ltd (ASX: TNE) is trading ex-dividend for its 10.8 cents per share dividend. Both dividends will be paid in approximately two weeks.

Gold price higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.6% to US$1,774.2 an ounce. Gold is set for a 7% monthly rise, which would be its best month in two years. The prospect of interest rates increasing at a slower rate gave the precious metal a major lift in November.

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

ASX technology shares have had a horror year, with the S&P ASX All Technology Index (ASX: XTX) down by more than 30% in 2022. This compares to the S&P/ASX 200 Index (ASX: XJO) which is down 4.1%.

However, the tech index did manage to record a small rise of 2.4% over the month of November.

As always, there were outliers. This month they were led by NextDC Ltd (ASX: NXT) shares, up 12.9%.

This is according to data provided by S&P Global Market Intelligence, canvassing ASX 200 tech shares with a minimum market capitalisation of $100 million over the month of November.

Here's why NextDC shares and the other two top performers bounced this month.

Why these ASX 200 tech shares led the way in November

NextDC Ltd (ASX: NXT)

The data centre operator got a bounce following its annual general meeting on 18 November. As my Fool colleague James reported, NextDC revealed its sales pipeline had hit a record size. It expects this to convert into material new contracts over the next six to 12 months.

Goldman Sachs has a conviction buy rating on NextDC and a $14.30 share price target. The broker said:

NXT noted continued strong growth in enterprise, network and partner pipelines driving healthy margin, with revenue growth assisted through price escalation & power pass-through.

At the time of writing, the NextDC share price is $9.83, down 0.7% today.

TechnologyOne Ltd (ASX: TNE)

November's next best-performing ASX 200 tech share is TechnologyOne with a 9.64% share price bump. This was largely due to its full-year FY22 results announcement on 22 November. During the 12 months ending 30 September, TechnologyOne achieved record profit and revenue for the thirteenth consecutive year. As we reported, TechnologyOne achieved an 18% increase in revenue to $369.4 million. It got a 15% boost to profit before tax at $112.3 million, which was at the top end of its guidance. The company also announced a supersized dividend.

Morgans analyst Nick Harris recommends buying any dip in the TechnologyOne share price. Harris said:

TechnologyOne is one of the highest quality stocks on the ASX and we continue to rate the outlook. We would see any weakness as a buying opportunity.

At the time of writing, the TechnologyOne share price is flat at $13.53.

BrainChip Holdings Ltd (ASX: BRN)

The third best-performing ASX 200 tech share in November is BrainChip. The artificial intelligence (AI) start-up did not release any price-sensitive news in November, so its 9.23% share price rise is hard to explain. It's possible that investors were buying the dip after the BrainChip share price lost a quarter of its value in October. It also lifted when United States inflation data came in better than expected this month.

My colleague James gives investors five reasons to avoid BrainChip shares at all costs. He says:

I've been warning investors off BrainChip shares for a while now. If you stayed away, then you've managed to save yourself from watching your wealth go up in smoke as the semiconductor company's shares dropped from a high of $2.34 to 62 cents today.

At the time of writing, the BrainChip share price is up 3.1% to 73 cents.

ASX 200 tech shares up 9.5% since October

The tide seemed to turn for the All Tech Index in early October, with a 9.5% increase since then, according to Google Finance data.

It's been a bad year for ASX tech investors, mostly due to rising interest rates. This has caused concern because Australian tech companies are mostly young in their development and therefore have higher debt.

The post Best of a bad bunch: The 3 best-performing ASX 200 tech shares in November appeared first on The Motley Fool Australia.

This month has been good to S&P/ASX 200 Index (ASX: XJO) investors, as have these ASX 200 dividend shares.

The index has lifted nearly 6% since the final close of October. Meanwhile, these three stocks each grew their payouts by up to 80% in November.

So, which ASX 200 shares have sent their dividend-focused investors jumping for joy recently? Let's take a look.

3 ASX 200 shares bolstering their dividends this month

First off the bat was CSR Limited (ASX: CSR). The ASX 200 industrial company released its half-year earnings on 4 November.

Within them, it revealed a 27% jump in after-tax profits, coming in at $110 million, and a 14% increase in revenue, reaching $1.3 billion.

CSR also posted a 16.5 cent interim dividend – marking a 22% year-on-year lift. That's certainly nothing to scoff at.

Next up was GrainCorp Ltd (ASX: GNC). The company is, of course, in the grains business and that business appears to have been going well.

GrainCorp's earnings before interest, tax, depreciation, and amortisation (EBITDA) more than doubled to $703 million last financial year. Its after-tax profit also jumped 174% to $380 million.

Meanwhile, the company declared a 16 cent per share final dividend – an 80% year-on-year increase. That also brought its total annual dividend to 54 cents – a 200% jump on the prior year's 18 cents.

The final share to up its dividends was ASX 200 software giant TechnologyOne Ltd (ASX: TNE). It posted a 10.82 cent final dividend last Tuesday – marking an 8% year-on-year increase.

Not only that, but the tech stock also offered investors a 2-cent special dividend – bringing its total payout a notable 27% higher than that of the corresponding period.

The company also saw its revenue grow 18% to $369 million in financial year 2022 while its after-tax profit lifted 22% to $88.8 million.

TechnologyOne has now declared 17.02 cents of dividends per share in 2022. That's 22% more than 2021's 13.91 cents.  

The post 3 ASX 200 shares that announced supersized dividends in November appeared first on The Motley Fool Australia.