2 ASX 200 shares worth buying for income
Tristan Harrison | March 7, 2021 7:00am |
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There are some businesses in the
S&P/ASX 200 Index (ASX: XJO) that have relatively high dividend yields and a history of increasing those payments for shareholders.
With the Reserve Bank of Australia (RBA) official interest rate at almost 0%, it’s hard to generate any meaningful returns from cash in the bank.
Here are two businesses with a track record of growing dividends:
APA is one of the largest infrastructure shares on the ASX. It owns a vast gas pipeline network around Australia, it reportedly supplies around half of the country’s natural gas.
APA (ASX:APA) share price on watch with HY21 report, upgrades distribution guidance
Tristan Harrison | February 23, 2021 9:32am |
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APA FY21 half-year highlights
APA announced that its half-year revenue fell by 0.6% to $1.07 billion. It reported that there was strong volume growth in Western Australia, the Northern Territory and sectors of the east coast grid offset by softer contract renewals and lower energy consumption in Victoria.
The business said that it made a loss after tax of $11.7 million including significant items. This includes a non-cash impairment recognised against the Orbost Gas Processing Plant of $174.5 million.
Net profit after tax (NPAT) excluding significant items was down 7% to $163 million. Operating cash flow was up 1.4% to $519 million due to favourable working capital movements.
Gas giant writes down gas processing plant as it weighs rapid decarbonisaton reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.
ASX slips as COVID cases rise, US stimulus stalls
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The Australian sharemarket wiped out most of its gains on Wednesday from the previous session, as a spike in the number of new COVID-19 cases in New South Wales and the stalling of further stimulus in the US dented investor sentiment.
The S&P/ASX 200 Index fell 17.9 points, or 0.3 per cent, to 6,682.4, rallying from a 1 per cent fall earlier in the session.
Senate Majority Leader Mitch McConnell.
Bloomberg
The market slid heavily at the open after US Senate majority leader Mitch McConnell defeated a bid by Democrats to vote on topping up stimulus cheques as part of an agreed fiscal bill.
The Australian sharemarket closed lower today, 18 points down or 0.3 per cent lower at 6,682. The World Health Organisation has marked the one year anniversary of the Coronavirus pandemic reporting that the worst is yet to come. WHO was first alerted on December 31 last year, when Chinese officials reported they were investigating a cluster of viral pneumonia in Wuhan. Afterpay (ASX:APT) shares fell today after a record high on Tuesday. The best performing stock today was the United Malt Group (ASX:UMG).
Futures
The Dow futures are suggesting a rise of 105 points. S&P 500 futures are eyeing a lift of 17 points. The Nasdaq futures are eyeing a rise of 51 points. And the SPI futures are eyeing a fall of 16 points tomorrow morning.