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3 ASX 200 shares smashing multi-year highs on Tuesday

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The S&P/ASX 200 Index (ASX: XJO) is enjoying a strong run today, up 1.18% at lunchtime.

And as the benchmark climbs, these 3 ASX 200 shares are breaking into new multi-year and even all-time highs.

We’ll kick off with a company that’s now trading for more than ever before since listing on the ASX way back in May 1994.

ASX 200 share hits all-time highs

The Computershare Ltd (ASX: CPU) share price is up 4.9% today, currently trading for $23.93 per share, a record high.

The financial services company operates the largest share registry business in the world.

And with today’s gains factored in, shares are now up 17.9% in 2022, and up 60.8% over the past 12 months.

One of the tailwinds helping the ASX 200 share recently is the outlook for rising interest rates, which will increase its margins.

At the current share price, Computershare has a market cap of $13.8 billion. The company pays a 2.1% dividend yield, 40% franked.

Also smashing multi-year highs…

The next of our ASX 200 shares breaking multi-year highs is explosives and agricultural chemicals company Incitec Pivot Ltd (ASX: IPL).

The Incitec share price is up 2.4% to $3.86 per share, its highest level since November 2018.

Incitec looks to have been benefiting from higher fertiliser prices as well as a strategic acquisition earlier this year in French-based explosives manufacturer Explinvest.

At the current share price, the company has a market cap of $7.5 billion. The company pays a trailing dividend yield of 2.5%, 14% franked.

ASX 200 share hits 12-year highs

The third of today’s ASX 200 shares leaping into multi-year highs is Sims Ltd (ASX: SGM).

The Sims share price is up 1.8% today to $2.13 cents per share. You have to go back all the way to December 2010 to find Sims trading at a higher level.

Sims, the world’s largest listed metal and electronics recycler, looks to be benefiting from increasing scrap metal prices amid soaring commodity prices across the globe.

Investors also rewarded the company after its very strong first half-year financial results.

Among the highlights, the ASX 200 share reported a 73.9% year-on-year increase in sales revenue, which reached $4.27 billion for the half.

At the current share price Sims has a market cap of $4.2 billion. The company pays a trailing dividend yield of 3.5%, 44% franked.

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