Money, money! 7 ASX shares that turbocharged their dividend payouts this earning season

ASX share market investors love their dividends, and we saw some big payouts announced this earnings season.

Here are seven ASX shares that will be paying some turbocharged passive income to investors over the coming months.

7 ASX shares to pay mega dividend boosts

Globe International Ltd (ASX: GLB)

The street apparel designer and retailer revealed a net profit after tax (NPAT) of $11.5 million for FY24, up from $1.5 million in FY23. Globe declared a turbocharged fully franked final dividend of 13 cents per share, up 160%. Investors will receive their dividend on 20 September.

Flight Centre Travel Group Ltd (ASX: FLT) 

Pandemic 'revenge travel' has been good for this ASX airline share. In its FY24 results, Flight Centre revealed a more than doubling of profits and a significantly boosted final dividend for investors. Flight Centre's underlying profit before tax came in at $320 million, up 130%. The ASX travel share will pay a fully franked final dividend of 30 cents per share, up 67%, on 17 September.

Insurance Australia Group Ltd (ASX: IAG)

The insurance giant revealed a 7.9% increase in NPAT to $898 million in its FY24 results. This included a 79.1% increase in insurance profit to $1.44 billion. As a result, the ASX financial share will pay a much higher final dividend this year. IAG declared a final payment of 17 cents per share with 50% franking, which will be paid on 26 September. That's 89% higher than the final dividend of FY23, which was 9 cents per share with 30% franking.

QBE Insurance Group Ltd (ASX: QBE)

In its half-year results, QBE reported a huge profit increase and rewarded investors handsomely with a 71.4% boost to its interim dividend. QBE reported an NPAT of US$802 million, up 100%. The ASX insurer will pay a dividend of 24 AU cents per share with 20% franking on 20 September.

JB Hi-Fi Ltd (ASX: JBH) 

Although JB Hi-Fi reported a 16.4% decline in its FY24 NPAT to $438.8 million, the company declared a final dividend of $1.03 per share plus a special dividend of 80 cents per share. The combined fully franked payment represents a 63% increase on last year's final dividend payout. It will be paid today.

Northern Star Resources Ltd (ASX: NST)

In its FY24 results, Northern Star reported record cash earnings of $1.81 billion, up 48% from FY23. The ASX gold mining share will pay an unfranked final dividend of 25 cents per share, up 61%, on 26 September.

Bega Cheese Ltd (ASX: BGA)

In its FY24 report, Bega Cheese revealed a 15% improvement to its statutory earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $165.1 million and a 2% rise in statutory profit after tax to $29.2 million. The ASX consumer staples share will pay a final dividend of 4 cents per share, fully franked, on 3 October. This represents a 33.3% increase on last year.

The post Money, money! 7 ASX shares that turbocharged their dividend payouts this earning season appeared first on The Motley Fool Australia.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group and Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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