Last week, the BHP Group Ltd (ASX: BHP) share price pushed higher and recorded a 3% weekly gain.

This was driven largely by news that Woodside Petroleum Limited (ASX: WPL) shareholders have voted in favour of the merger with BHP’s petroleum assets.

So, with the merger now less than two weeks away from completion, BHP shareholders are on the cusp of receiving another dividend.

What is the latest BHP dividend?

The latest BHP dividend won’t be the cash payment that shareholders have been accustomed to in recent years. This time around, eligible shareholders will be receiving an in-specie dividend.

An in-specie dividend is a dividend that is paid in assets rather than cash.

In respect to the latest BHP dividend, those assets will be shares in Woodside, with shareholders set to receive one new share for every 5.534 BHP shares they hold on Thursday 25 May. Any entitlement to a fraction of a Woodside share will be rounded down to the nearest whole share.

This means that if you had 212 BHP shares, which is the equivalent of a $10,000 investment, you would receive 38 new shares in Woodside. These have a market value of $1,093.26 based on the current Woodside share price.

What’s next?

To be eligible for the next BHP dividend, investors will need to own the Big Australian’s shares before they trade ex-dividend on Wednesday 25 May. From that day onwards, the dividends will stay with the seller.

After which, eligible shareholders will receive the dividends/shares in Woodside on the afternoon of 1 June when the merger is expected to complete.

Those new shares will then commence normal trading on the ASX a day later on Thursday 2 June.

It’s also worth noting that Woodside is changing its name and ticker code next Wednesday. The new merged group will be known as Woodside Energy Group Ltd with the ticker code WDS.

The post Everything you need to know about the upcoming BHP dividend appeared first on The Motley Fool Australia.

More reading

• Why is the Woodside share price dropping 4% today?
• Why BHP, Chalice Mining, IGO, and Life360 shares are storming higher
• ASX 200 midday update: BHP, IGO, and Woolworths charge higher
• BHP share price higher following Woodside shareholder merger approval
• 5 things to watch on the ASX 200 on Friday

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 Scott Phillips.

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It’s been a pretty wild week for the Commonwealth Bank of Australia (ASX: CBA). The CBA share price ended up closing at $104.60 on Friday, up 0.77% for the day after some big falls on Thursday.

Perhaps news of the bank’s new digital mortgage platform has been helping to boost investor sentiment this week.

Yes, on Tuesday, CBA’s management announced the launch of ‘Unloan’, a new digital platform designed to provide “one, simple, low-cost interest rate”.

In a company press release, CBA told Australians the following:

Owner-occupiers who refinance to Unloan will pay an interest rate of 2.14% (2.06% comparison rate) and investors 2.44% (2.36% comparison rate). Digital applications take as little as ten minutes and customers receive a loyalty discount that grows by 0.01% p.a. every year, up to 30 years.

Customers looking to refinance their properties up to a value of $3 million and up to 80% of their value can start applying now.

In addition, the bank also announced a new app called ‘Kit’. Kit will be a “money app and digital information tool for kids, aimed at helping them learn about money, how to save, how to budget, and how to manage their spending”. The app is currently in pilot.

So is the CBA share price a buy now?

With all of these new products on the way, could this make the CBA share price a buy?

Well, those are really two different questions. According to an article in The Australian this week, ASX brokers like what they see coming out of CBA. The article quotes analysts at broker and investment bank Macquarie as saying the following:

While CBA’s strategy may require additional investment, we see a large proportion of investment as the cost of staying in business and hence expect banks to maintain/increase their investment spend in the medium term… CBA should be able to reduce the cost of originating a mortgage and reduce customer churn by offering a loyalty discount.

However, that wasn’t enough to stop Macquarie analysts from maintaining an “underperform” rating on CBA shares. As we covered last week, Macquarie still has a $90 share price target on CBA shares for the next 12 months. The broker reckons CBA shares don’t warrant their premium valuation compared to the other ASX banks.

Another ASX broker in Goldman Sachs is also struggling to see value in CBA shares today. It has its own “sell” rating on CBA right now, with a 12-month share price target of $89.86 a share. Goldman’s concerns over CBA shares are similar, citing a premium valuation as the most pressing concern.

At the current CBA share price, this ASX 200 bank share has a market capitalisation of $175.18 billion, with a dividend yield of almost 3.6%.

The post Is the CBA share price a buy following the bank’s digital mortgage launch? appeared first on The Motley Fool Australia.

More reading

• Is QBE considered an ASX dividend share?
• These were the worst performing ASX 200 shares last week
• Here are the 3 most traded ASX 200 shares on Friday
• Why is the Block share price leaping 9% on Friday?
• The Zip share price is rocketing 6% today. Here’s why

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for dividend shares with attractive yields, then you may want to look at the ones listed below.

Here’s why analysts rate these ASX dividend shares as buys:

Bank of Queensland Limited (ASX: BOQ)

The first ASX dividend share that could be a top option is Bank of Queensland.

This regional bank has been tipped as a buy by analysts at Morgans. In fact, they “see exceptional value” in its shares at the current level. Particularly given the success of its transformation program, its above-system growth, and cost synergies from the recent ME Bank acquisition.

The broker currently has an add rating and $11.00 price target on its shares. This compares favourably to the latest Bank of Queensland share price of $7.50.

As for dividends, Morgans is forecasting fully franked dividends per share of 49 cents in FY 2022 and then 54 cents per share in FY 2023. This implies yields of 6.5% and 7.2%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that has been rated as a buy is Dexus Industria.

This industrial and office focused property company, formerly known as APN Industria, owns interests in office and industrial properties across the country.

Macquarie is bullish on Dexus Industria due to strong demand and its sizeable industrial development pipeline. It expects this to underpin attractive dividends in the near term.

For example, Macquarie is forecasting dividends per share of 17.3 cents in FY 2022 and 18.6 cents in FY 2023. Based on the latest Dexus Industria share price of $3.12, this will mean yields of 5.5% and 6%, respectively.

Macquarie also sees plenty of upside of the company’s shares and has an outperform rating and $3.59 price target on them.

The post Analysts name 2 ASX dividend shares to buy with juicy yields appeared first on The Motley Fool Australia.

More reading

• Could Bank of Queensland shares deliver 46% upside AND a 4.5% dividend yield in 2022?
• How does the Bank of Queensland dividend compare to the other ASX 200 banks?
• 2 high-yield ASX 200 dividend shares to fight inflation according to brokers
• How has the Bank of Queensland share price travelled since the company’s half-year results?
• Is there upside in the Bank of Queensland share price in May?

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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) returned to form last week and recorded its first weekly gain of the month. The benchmark index climbed 1.1% to end the period at 7,145.6 points.

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

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price was the best performer on the ASX 200 last week with a 27.5% gain. The majority of this gain came on Friday when the mineral exploration company received the final outstanding approvals to undertake low-impact exploration drilling at the Hartog-Dampier targets at the Julimar Nickel-Copper-PGE Project. These targets are located to the north of the globally significant Gonneville PGE-Ni-Cu-Co-Au deposit.

Allkem Ltd (ASX: AKE)

The Allkem share price was some way behind with a 17.6% gain over the five days. This was driven by a rebound in risk assets following recent weakness. And as lithium shares had been heavily sold off over the last four weeks, they bounced back stronger than most. For the same reason, the Pilbara Minerals Ltd (ASX: PLS) share price rose 15.4% last week.

Nickel Mines Ltd (ASX: NIC)

The Nickel Mines share price was on form and charged 12.2% higher last week. This follows news that the company’s 80%-owned Angel Nickel Project has now commenced commissioning of its fourth and final RKEF line well ahead of schedule. Nickel Mines’ Managing Director Justin Werner said: “To now have all four RKEF lines operating by mid-May, well ahead of their scheduled October delivery, is a remarkable achievement.”

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price wasn’t far behind with a 12% gain over the five days. This appears to have been driven by a positive reaction to the biopharmaceutical company’s annual general meeting presentation. At the event, management said the launch of its Illuccix product in the U.S. has “exceeded our expectations and we are seeing robust demand for the product.”

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

More reading

• 2 stellar ASX 200 growth shares analysts rate as buys
• 3 ASX mining shares that went gangbusters on Friday
• Here are the 3 most traded ASX 200 shares on Friday
• Why BHP, Chalice Mining, IGO, and Life360 shares are storming higher
• Here’s why the Chalice Mining share price is jumping 15% today

Motley Fool contributor James Mickleboro has positions in Orocobre Limited and TELIXPHARM DEF SET. 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 Scott Phillips.

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