Are you looking for dividend shares to add to your income portfolio in January? If you are, then the two listed below could be top options.

Both have been named as buys and tipped to provide attractive yields that are vastly superior to the interest rates on offer with term deposits. Here’s why analysts rate these ASX dividend shares highly:

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is Adairs. It is a leading homewares and furniture retailer with both a bricks and mortar and online presence. This includes through its core brand, the online-only Mocka brand, and the soon to be acquired Focus on Furniture brand.

The team at UBS is positive on Adairs. A recent note out of UBS reveals that its analysts have a buy rating and $5.90 price target on the company’s shares. UBS was pleased with its acquisition of Focus on Furniture and expects it to give Adairs greater exposure to mid-market home furniture categories.

As for dividends, UBS is forecasting fully franked dividends of 19.6 cents per share in FY 2022 and 29.9 cents per share in FY 2023. Based on the current Adairs share price of $4.01, this will mean yields of 4.9% and 7.5%, respectively.

DEXUS Property Group (ASX: DXS)

Another ASX dividend share to look at is Dexus. It is an Australian real estate company focused on office, industrial and retail properties.

Dexus has also recently added to its high quality portfolio through the acquisition of $1.5 billion worth of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post.

Macquarie is positive on the company and has an outperform rating and $11.93 price target on its shares. The broker is also forecasting dividends per share of 53.7 cents in FY 2022 and 57.5 cents in FY 2023. Based on the current Dexus share price of $11.12, this will mean yields of 4.8% and 5.2%, respectively.

The post 2 ASX dividend shares to buy in January appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) was only open for three days last week but that didn’t stop it from recording a decent gain. The benchmark index rose 0.3% over the period to end at 7,444.6 points.

Unfortunately, not all shares climbed higher with the market. Here’s why these were the worst performing ASX 200 shares last week:

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price was the worst performer on the ASX 200 last week with a decline of 4.3%. This was despite there being no news out of the biopharmaceutical company. However, its shares have come under a spot of pressure recently amid concerns over a new product that is competing with its Scenesse therapy.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price wasn’t far behind with a decline of 3.7% over the three days. This appears to have driven by a spot of weakness in coal prices. In addition, S&P Global reported that China’s metallurgical coal prices are expected to remain bearish in 2022. Industry sources have suggested that demand will fall 2.9% below 2021 levels.

Afterpay Ltd (ASX: APT)

The Afterpay share price continued its poor run and dropped 3.5% over the period. This has been driven by sustained weakness in the Square share price on Wall Street. As shareholders have voted in favour of Square’s all-scrip takeover deal, the value of the transaction rises and falls with its share price. The Afterpay share price ended the year 30% lower despite the takeover.

Stockland Corporation Ltd (ASX: SGP)

The Stockland share price was out of form and dropped 3% last week. However, this decline was driven largely by the property company’s shares going ex-dividend for its 12 cents per share interim dividend. Eligible shareholders can now look forward to being paid this dividend in around eight weeks on 28 February.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• ASX 200 falls on Friday but records 13% gain in 2021
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• 5 things to watch on the ASX 200 on Friday
• Why Afterpay, Healius, IDP Education, and Transurban shares are falling

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Afterpay Limited. The Motley Fool Australia owns and has recommended Afterpay Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Last week was only a short one for the S&P/ASX 200 Index (ASX: XJO), but it was a positive one. The benchmark index rose 0.3% over the period to end at 7,444.6 points.

While a good number of shares rose with the market, some climbed more than most. Here’s why these were the best performing ASX 200 shares last week:

Perenti Global Ltd (ASX: PRN)

The Perenti share price was the best performer on the ASX 200 last week with a gain of 12%. This could have been a delayed reaction to an announcement a week earlier. That announcement revealed that Perenti and Tshukudu Metals Botswana have finalised the contract for the provision of open pit mining services at the Sandfire Resources (ASX: SFR) Motheo Copper Project in Botswana. The finalised contract is valued at US$493 million (100% basis) over an initial term of seven years and three months.

Bega Cheese Ltd (ASX: BGA)

The Bega Cheese share price wasn’t far behind with a gain of 10% over the three days. Investors were scrambling to buy the diversified food company’s shares amid news that Andrew Forrest’s Tattarang AgriFood Investments business has accumulated a 6.61% stake. Tattarang was buying shares between 10 November and 29 December.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price was on form again and charged 9.2% higher last week. This appears to have been driven by optimism that lithium prices will stay higher for longer. Before Christmas, analysts at Macquarie suggested lithium prices could remain at record levels for four years. In response, the broker retained its outperform rating and lifted its price target on the company’s shares to $3.70. Incidentally, the Pilbara Minerals share price ended up being the best performer on the ASX 200 over the 12 months with a stunning 270% gain.

Omni Bridgeway Ltd (ASX: OBL)

The Omni Bridgeway share price was a solid performer and rose 6% during the period. This was despite there being no news out of the class action funder. However, it is worth noting that there has been a sharp reduction in the number of shares held by short sellers recently. This could mean that they have been buying back shares to close positions.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• ASX 200 falls on Friday but records 13% gain in 2021
• ASX 200 (ASX:XJO) midday update: Big four banks fall, Bega Cheese jumps again
• Why Bega Cheese, Magnis, Mesoblast, and Neometals shares are pushing higher
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• Why is the Bega Cheese (ASX:BGA) share price jumping today?

Motley Fool contributor James Mickleboro 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There a number of qualities that make Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) such a strong contender as a leading ASX dividend share.

For readers that don’t know, Soul Pattinson is an investment conglomerate that listed in 1903 and started off as a pharmacy business.

Soul Pattinson recently divested its long-term holding of the pharmacy business Australian Pharmaceutical Industries Ltd (ASX: API).

Here are three qualities that make the Soul Pattinson dividend so good:

Dividend records and intentions

Soul Pattinson can claim to be the only business in the S&P/ASX 200 Index (ASX: XJO) that has grown its dividend every year since 2000.

That means it is one of the few ASX 200 shares that have grown the dividend through both the GFC and COVID-19.

Some investors may value the income reliability that this ASX dividend share has been able to provide for two decades and counting.

Indeed, Soul Pattinson’s leadership has stated their thoughts on the dividend. The Soul Pattinson chair said:

Our goal at WHSP is to pay consistent and growing dividends to shareholders and increase their capital wealth over the long term. These factors together are measured by total shareholder return (TSR).

It has actually paid a dividend every year since it listed in 1903.

Diversified investment income sources

Due to the nature of the Soul Pattinson portfolio, its investment income comes from a variety of industries and sources.

It is not reliant on a specific commodity price or just a mortgage loan book to fund its ongoing dividends.

Some of the larger ASX shares in the portfolio includes TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), New Hope Corporation Limited (ASX: NHC) and Pengana Capital Ltd (ASX: PCG).

It also has a number of private investments in areas like agriculture, swimming schools, luxury retirement living and resources.

Dividend is fully funded by annual cashflow

The company gets its investment income from its portfolio of assets.

These businesses and assets pay annual dividends, distributions and interest to the ASX dividend share.

With that cashflow, it can fund its growing dividend to shareholders from the that net cashflow after paying for expenses. In FY21, Soul Pattinson paid 82.3% of its annual cashflow out as a dividend. That means it kept the rest which it can re-invest back into more opportunities for the long-term.

What is the current yield?

Assuming that Soul Pattinson pays an annual dividend of $0.64 per share in FY22, the current grossed-up dividend yield for the next 12 months is 3.1%.

The post 3 qualities that makes Soul Pattinson (ASX:SOL) a strong ASX dividend share appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in January 2022
• The ASX share market coverage that captivated readers in 2021
• 2 ASX dividend shares that could provide steady income in retirement
• Are these 2 leading ASX 200 shares worth buying?
• Soul Pattinson (ASX:SOL) share price dips as investors digest AGM

Motley Fool contributor Tristan Harrison owns Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks. The Motley Fool Australia owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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