How These 3 Blue-chip ASX Stocks Are Doing This Month
The Australian market started the week on a mildly positive note, with the benchmark ASX 200 index gaining 0.1% to close at 7,485.2 on April 11, 2022. However, for the month the index is down 1% so far.
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If you have a few ASX 200 stocks in your portfolio or are considering buying some of these blue chip companies, then you might be interested to know how these stocks have performed for the month so far? Here are the details of three top ASX 200 companies.
Read more: 4DS, RAP & RNO – Three ASX Penny Stocks Get Ahead for the Week
- BHP Group Limited (ASX: BHP)
BHP Group is the largest Australian miner on the ASX with a market capitalization of A$262.9 billion. The company has a diverse portfolio of mineral-rich products, including iron ore, coal, copper projects, etc. profit of A$11.3 billion on A$7.96 billion in fiscal year 2020.
BHP’s share price closed Monday’s session down 0.5% at AU$51.68, while the year-to-date return stands at 21.94%. In April, the stock was trading flat with a slight loss of 0.14%. The stock is also trading at a healthy dividend yield of 9.23%.
- CSL Limited (ASX: CSL)
CSL is a healthcare company that develops, manufactures and sells pharmaceutical and diagnostic products, cell culture media and human plasma fractions. The company has a market capitalization of A$127.9 billion. The company has driven revenue growth in recent years – from A$8.54 billion in FY19 to A$9.15 billion in FY20 to A$10.31 billion Australian dollars last year.
Last month, the company declared a dividend of AU$1.422, which was paid on April 6, 2022, giving CSL shares a dividend yield of 1.13%. The stock closed down 0.09% at A$265.47 on April 11, 2022 and is down 10.31% for the year so far. This month, the stock delivered a small 1% loss to investors.
- Fortescue Metals Group Limited (ASX: FMG)
Fortescue Metals Group is also one of Australia’s largest miners, with a market capitalization of A$67.21 billion and posted a massive profit of A$22.28 billion in FY21, down from FY12. A$.82 billion in FY20. FMG shares trade at a dividend yield of over 13.6% – one of the highest among ASX 200 stocks, making FMG a lucrative bet for dividend lovers.
FMG’s share price has risen 6.75% this year to the last losing price of A$21.19 on April 11, 2022. The yield for the month of April 2022 stands at 2.57% .
Although investing in blue chip ASX 200 stocks is relatively less risky than investing in other smaller peers; however, the risk cannot be completely eliminated. Therefore, before investing in even seemingly safe stocks, investors should do their due diligence.
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