If you’re looking to boost your income with some dividend shares, then you might want to consider the ones listed below.

Both dividend shares are expected to provide investors with great yields in the near term. This could potentially help offset the inflationary pressures that Australia is currently experiencing.

Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share for income investors is Accent. It is the owner of a seemingly ever-increasing portfolio of footwear focused store brands. Among its biggest are HYPEDC, Pivot, Platypus, Sneaker Lab, and The Athlete’s Foot.

Accent was severely impacted by COVID related disruptions and lockdowns during the first half. This led to the retailer reporting a 72% decline in net profit after tax to $14.8 million. And with management warning that COVID uncertainty remains in the second half, its shares have unsurprisingly come under significant pressure.

While this is disappointing, it could be a buying opportunity for patient income investors. For example, analysts at UBS are forecasting a big rebound in Accent’s profits and dividends in FY 2023.

UBS has pencilled in a fully franked dividend of 7 cents per share in FY 2022 and then 13 cents per share in FY 2023. Based on the current Accent share price of $1.56, this will mean yields of 4.5% and 8.3%, respectively.

The broker has a buy rating and $2.50 price target on the company’s shares.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that income investors might want to look closer at is this agricultural real estate investment trust (REIT).

Rural Funds owns a portfolio of high quality Australian agricultural assets that are leased to many of the largest industry players. These include JBS Australia, Select Harvests Limited (ASX: SHV), and Treasury Wine Estates Ltd (ASX: TWE).

These leases are on long term agreements and have fixed rental increases built into them. As a result, management has great visibility on its future earnings. This allows it to confidently target an inflation-busting 4% increase in its dividend each year.

In FY 2022, the company intends to increase its dividend by its annual target rate to 11.73 cents per share. It has also announced plans to pay a 12.2 cents per share dividend in FY 2023. Based on the current Rural Funds share price of $3.05, this will mean yields of 3.85% and 4%, respectively.

The post 2 ASX dividend shares with great yields to beat inflation appeared first on The Motley Fool Australia.

More reading

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• 2 ASX dividend shares expected to pay mega income yields
• 2 fully franked ASX dividend shares experts rate as buys
• 2 defensive ASX dividend shares offering reliable income

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 owns and has recommended RURALFUNDS STAPLED. The Motley Fool Australia has recommended Accent Group and Treasury Wine Estates 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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If you’re a fan of growth shares, then you may want to look closely at the two shares listed below.

Here’s why these growth shares have been rated as buys:

Adore Beauty Group Limited (ASX: ABY)

The first ASX growth share to look at is Adore Beauty. It is a leading online retailer in the ~$11 billion Australian beauty and personal care (BPC) market.

Adore Beauty has almost 1 million active customers and generated revenue of $113.1 million from them during the first half of FY 2022. This was up 18% over the prior corresponding period, which is no easy feat given the COVID boost it received during the prior period.

However, despite this solid growth and its positive outlook from the shift to online shopping, the company’s shares continue to trend lower and lower and recently hit a new low. And while they could yet fall further, one leading broker is tipping its shares to more than double over the next 12 months.

That broker is UBS, which currently has a buy rating and $4.70 price target on its shares. This compares to the latest Adore Beauty share price of $1.80.

Nitro Software Ltd (ASX: NTO)

Another ASX growth share to look at is Nitro Software. It is a global document productivity software company behind the Nitro Productivity Suite. It provides integrated PDF productivity and eSignature tools to customers through a horizontal, software as a service and desktop-based software suite.

As with Adore Beauty, Nitro’s shares have fallen heavily from their highs. Goldman Sachs sees this as a buying opportunity. It is bullish on the company due to its growth potential as a challenger in a US$34 billion total addressable market across PDF productivity, e-signing and workflows.

It commented: “Nitro is down ~50% [now 62%] since November with the market currently pricing in long-term growth and margin assumptions that understate Nitro’s potential, in our view. We are positive on Nitro’s structural growth opportunity, reflected in our DCF scenario analysis implying an attractive asymmetric risk/reward skew.”

Goldman Sachs has a buy rating and $2.60 price target on its shares. This compares to the latest Nitro share price of $1.31.

The post 2 buy-rated ASX growth shares that analysts say can double appeared first on The Motley Fool Australia.

More reading

• 3 top ASX growth shares that experts say are buys
• 3 factors that could make the Adore Beauty share price too good to miss
• Why is the Adore Beauty share price tumbling 9% to an all-time low?
• Broker names 2 exciting ASX shares to buy with 80% upside potential
• Here are 3 growth shares analysts are tipping to rocket higher

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 recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited and Nitro Software 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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If you’re on the lookout for new investment ideas, then listed below are two shares to consider from very different sides of the market.

Here’s why experts think these two ASX 200 shares are buys:

Life360 Inc (ASX: 360)

The first ASX 200 share to look at is technology company Life360. Through its eponymous Life360 app, the company operates in the digital consumer subscription services market. It has a focus on products and services for digitally native families, where all members of the household are connected by smartphones.

A whopping 33.8 million monthly active users are using its app, which is underpinning stellar recurring revenue growth. The company also has significant cross- and up-selling opportunities to monetise its user base further in the future.

Unfortunately, as Life360 is still operating at a loss, its shares have been hammered this year during the tech selloff. However, the team at Bell Potter believe this is a real buying opportunity for investors, especially given its belief that the company has enough cash to see it through to profitability.

The broker is also expecting the core business to report very strong growth during the first quarter.

It said: “We expect the strong growth in the core business of Life360 (i.e. ex Jiobit and Tile) shown in Q3 and Q4 of last year to continue into Q1 this year. Specifically, we expect the year-on-year growth in AMR (annualised monthly revenue) – excluding Jiobit and Tile – to be c.50% in March 2022 which is similar to the reported y-o-y growth of 48% in September and 51% in December 2021.”

Its analysts currently have a buy rating and $10.00 price target on Life360’s shares.

South32 Ltd (ASX: S32)

Another ASX 200 share to consider is mining giant South32.

It is a diversified mining and metals company producing bauxite, alumina, aluminium, coal, copper, manganese, nickel, silver, lead, and zinc.

With the prices of many of these commodities trading at high prices currently, South32 has been tipped to generate significant profits and cash flow. The latter has Goldman Sachs forecasting fully franked dividend yields in or around 10% over the next three years.

Goldman said: “We are Buy rated on S32.AX (on CL) with strong FCF (17% base case for FY23), exposure to base metals (75% EBITDA; aluminium & alumina c. 50% of FY23 EBITDA, copper c.10 %, zinc/nickel c. 20%), and with 7%/3% Cu Eq production growth in FY22/FY23 driven by; ~30% or c. 280ktpa increase in aluminium production from the Alumar restart & c. 17% increase in Mozal stake, creep in nickel from Cerro Matoso and lead/zinc/silver from Cannington, and the Sierra Gorda copper acquisition.”

The broker has a conviction buy rating and a $5.80 price target on its shares.

The post Mining and tech: Experts name 2 ASX 200 shares to buy now appeared first on The Motley Fool Australia.

More reading

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• The South32 share price is closing in on its all-time high. Here’s why
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• Why is the South32 share price edging higher today?

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. 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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Construction materials companies are admittedly not glamorous to ASX investors.

They’re not full of future optimism like the technology stocks, nor are they cyclically exciting like mining.

But people and businesses always need housing and buildings, and existing ones always need maintenance and repair. Demand is never lacking.

As such, Ord Minnett senior investment advisor Tony Paterno picked out a couple of ASX shares that he would snap up right now:

269% profit boost? Yes, please

Paterno noted that Brickworks Limited (ASX: BKW) recently posted a stunning improvement in its profit.

“Brickworks reported first half 2022 underlying net profit after tax of $330 million, up 269% on the prior corresponding period,” he told The Bull.

“The company declared an interim dividend of 22 cents, up a cent on a year ago.”

All business units, except for building products in North America, reported “strong earnings growth”, Paterno said.

“In the medium term, we expect company earnings to continue growing on the back of a strong pipeline of work from housing activity in Australia and improving non-residential construction activity in the US.”

Brickworks shares are down more than 5% for the year thus far. The stock dipped last week after going ex-dividend, bringing the price-to-earnings ratio down to less than 5.

Brickworks is handing out a significant 2.61% dividend yield, according to The Motley Fool website.

When the market drives up the price of the product you’re selling

BlueScope Steel Limited (ASX: BSL) is another ASX share Paterno would buy at the moment.

“Steel prices in Europe and the US have moved higher.”

The business is set to enjoy a perfect storm in the steel market, according to Paterno.

“Despite declining from recent highs, spot spreads are still generating an attractive 18% free cash flow yield for BlueScope from fiscal year 2023 and beyond,” he said.

“This highlights that BlueScope remains a high generator of free cash flow despite strong cost inflation.” 

It seems Paterno is not alone in his bullishness.

According to CMC Markets, eight out of 11 analysts surveyed rate Bluescope shares as a “strong buy”, with one other rating it as “moderate buy”.

Bluescope shares have remained flat so far in 2022.

The post Bricks and steel: expert reveals 2 ASX shares ready to skyrocket appeared first on The Motley Fool Australia.

More reading

• Is it time to buy these 2 quality ASX shares?
• Why is the Brickworks share price sliding on Monday?
• ASX 200 midday update: IGO increases Western Areas offer, BlueScope makes US acquisition
• BlueScope share price jumps on $671m acquisition news
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. 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. 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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