About Coronado Global Resources
Coronado Global Resources (ASX:CRN) is an international producer of high-quality metallurgical coal. The company provides an element in the production of steel. It was founded in 2011 and is based in Brisbane, Queensland.
Latest Coronado Global Resources News
Jan 26, 2024
This passive income stock would be my pick for monthly dividend paycheques. Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Latest posts by Sebastian Bowen ( see all ) Image source: Getty Images You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Most ASX investors love a good dividend -paying stock. If you want to buy a dividend stock for your own portfolio, however, you'll probably be forced to buy shares that pay out passive dividend income only every six months. From Commonwealth Bank of Australia ( ASX: CBA ) to BHP Group Ltd ( ASX: BHP ), and Telstra Group Ltd ( ASX: TLS ) to Woolworths Group Ltd ( ASX: WOW ), biannual dividend payments are the accepted norm on the ASX. You can get investments that pay out quarterly passive income. However, these are usually confined to exchange-traded funds (ETFs) and ASX shares with primary listings overseas, such as Coronado Global Resources Inc ( ASX: CRN ). But let's talk about ASX dividend stocks that pay their investors passive income every single month. These are extraordinarily rare on the ASX, with only a handful of companies offering this perk. And there's only one that I'd consider buying for monthly dividend income today. It also happens to be well under $10 a share right now. It's Plato Income Maximiser Ltd ( ASX: PL8 ). Plato Income Maximiser is a listed investment company (LIC) . That means it functions as an investment vehicle itself, holding an underlying portfolio of shares for the benefit of its own investors. The ASX's best monthly passive income stock? As its name implies, Plato's purpose is to provide its investors with significant dividend income, paid out every month. To this end, its investing portfolio typically only consists of heavy-hitting ASX dividend shares that dole out fully franked passive income. As of the company's latest update , Plato's portfolio included the likes of CBA and BHP, as well as Woodside Energy Group Ltd ( ASX: WDS ), Goodman Group ( ASX: GMG ) and JB Hi-Fi Limited ( ASX: JBH ). But let's talk dividends. So as we've already covered, this company pays out passive dividend income every single month. Since April 2022, this monthly dividend has come in at 0.55 cents per share. At this LIC's current share price of $1.18, the past 12 months' worth of dividends give Plato a trailing and fully franked dividend yield of 6.06%. That's obviously quite a chunky yield, especially when you consider you bank part of it every four weeks or so. But it's not the only reason why I'd happily buy Plato shares today (if I didn't already own quite a few). Plato Income Maximiser, unlike many dividend-focused investments, also has a pretty good overall track record when it comes to absolute performance. Its December update confirms that investors have enjoyed a total return (franked dividends plus share price growth) of 9.6% per annum since the LIC's inception in 2017. That comes in above the return of the company's benchmark. Yes, the S&P/ASX 200 Franking Credit Adjusted Daily Total Return Index brought in an average of 9.5% per annum over the same period. As such, we can conclude that Plato investors have enjoyed chunky passive income paid monthly over the past almost seven years. Not to mention a market-beating investment to boot. Motley Fool contributor Sebastian Bowen has positions in Plato Income Maximiser and Telstra Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Goodman 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. More on Dividend Investing
Coronado Global Resources Frequently Asked Questions (FAQ)
When was Coronado Global Resources founded?
Coronado Global Resources was founded in 2011.
Where is Coronado Global Resources's headquarters?
Coronado Global Resources's headquarters is located at 100 Bill Baker Way, Beckley.
What is Coronado Global Resources's latest funding round?
Coronado Global Resources's latest funding round is PIPE.
How much did Coronado Global Resources raise?
Coronado Global Resources raised a total of $216.9M.
Who are the investors of Coronado Global Resources?
Investors of Coronado Global Resources include Seven Global Investments and The Energy & Minerals Group.