Month: May 2022

During a time when most ASX shares are in turmoil, the banking sector has stood tall.

It’s the one industry where the prospect of rate rises doesn’t strike fear, but excitement.

The S&P/ASX 200 Financials (ASX: XFJ)’s outperformance this year against the S&P/ASX 200 Index (ASX: XJO) is testament to this.

The financials index has dropped just 0.64% for the year to date, while the broader ASX 200 is down a painful 5.4%.

But one team of analysts reckon the good times for bank shares have only just started.

Bank margins will only get fatter this year

Wilsons analysts, in a memo to clients, forecast that banks would find business easier as the Reserve Bank of Australia pushes up the cash rate multiple times this year.

“Banks’ margin pressure will likely ease, and ultimately, this will be the key driver of earnings growth over the medium-term.”

This is because as the RBA cash rate moves upward, the big banks often forward the full increase to its loan customers but not to the clients holding deposits.

The difference in the interest paid in and out to those groups is called the net interest margin (NIM), which the bank gets to pocket.

Wilsons has a bullish view of this boost in earnings.

“We believe the net interest margins of the majors will grow faster than consensus forecasts, leading to earnings upgrades over the next two financial years.”

According to Wilsons, Australian banks rake in 80% of their revenue from net interest income.

UBS has calculated that a 25-basis point rise in rates, like what was seen this month, results in a one to three basis point boost in net interest margins.

“We could see the RBA hike rates by 200 basis points over the next 12-18 months, which would equate to an 8-24bps increase in NIMs,” read the Wilsons memo. 

“Taking the middle point, this could deliver a 12% lift in earnings, all things being equal.”

What’s more, the analysts reckon big bank shares are still reasonably inexpensive at the moment.

“We believe bank valuations are still on the cheaper side, which could provide an opportunity for a re-rate in the short-term.”

Which banks are the best buys right now?

The Wilsons team revealed that it has recently increased its weighting to Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group Ltd (ASX: ANZ).

“We believe valuations for Westpac and ANZ will start to rerate as we see margin improvement.”

The team reckons Commonwealth Bank of Australia (ASX: CBA) shares look expensive compared to its peers.

“Although National Australia Bank Ltd. (ASX: NAB) is close to its 10-year average [price-to-book ratio], we think the bank is a better quality bank than it has been over the past decade,” read the memo.

“ANZ and WBC still look cheap on a P/B basis.”

The post 3 cheap ASX shares set to boom with higher interest rates: Wilsons appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Can ASX 200 banks really see a 15% profit jump if the cash rate hits 1%?
• Experts name 2 ASX dividend shares to buy with big fully franked yields
• Why I think NAB shares could be the smartest big four ASX bank to buy
• Latest Westpac review notes progress but flags ‘bank’s difficulty in staying the course’

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. 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 public links portfolio managers, stock advisers and analysts to the investment style of their products.

But who is to say their personally held ASX shares aren’t completely different?

After all, prominent portfolio manager Marcus Padley revealed earlier this year he only has two stocks in his personal portfolio.

That’s why it’s fascinating whenever any morsel of information about the personal holdings of professional investors comes to light.

How have they invested their own hard-earned money, as opposed to other people’s money?

This week we saw a case of this when Shaw and Partners portfolio manager James Gerrish revealed what his biggest personal holding is.

Market has overly punished this stock

In his weekly Market Matters Q&A for his subscribers, Gerrish was asked about the prospects of software provider Xero Limited (ASX: XRO).

Xero shares have fallen almost 40% for the year to date.

“This is the largest position in my personal portfolio, and we already have a decent exposure via our Market Matters Growth Portfolio.”

The market did not react well to Xero’s recent earnings news, sending the shares down 10% on the same day.

But Gerrish doesn’t agree the results were bad.

“We didn’t think the result was a bad one, they have simply prioritised growth over profit, which the market currently doesn’t like.”

Great stock, but be patient

Having said this, Gerrish wouldn’t jump head-first into Xero shares right at the moment.

“While we think Xero is a quality growth company, the value contraction in this space has been both huge and deeper than we imagined in this first leg down,” he said.

“We do like the stock into weakness but the trend is down and surprises do usually unfold with the trend hence we wouldn’t be going all-in anytime soon.”

There will be opportunities further down the track when the entry point is even cheaper, according to Gerrish.

“It reminds me of a famous Warren Buffett quote: ‘Price is what you pay but value is what you get’.”

TMS Capital portfolio manager Ben Clark told a Livewire video this week that most fund managers count Xero as “one of the highest quality businesses” on the ASX.

“On face value, it still looks expensive, mainly because they pump about 80% of their revenue back into investment,” said Clark.

“That’s the business that is at the tipping point of the overshoot… that could run hard if we start to see that play out.”

The post Why this ASX 200 share is my biggest personal holding: fund manager appeared first on The Motley Fool Australia.

More reading

• 2 beaten down ASX tech shares analysts say have major upside potential
• Leading brokers name 3 ASX shares to sell today
• Why this fund manager is backing Xero shares for the rest of 2022
• ‘Future-proof your portfolio’: experts pick 3 quality growth ASX shares to buy
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor Tony Yoo has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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 wanting to boost your income with some dividend shares, then the two listed below could be worth considering.

Both have been named as buys and tipped to pay very attractive dividends to investors. Here’s what you need to know:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share to look at is Centuria Industrial. It is the owner of a portfolio of high-quality industrial assets situated in key metropolitan locations throughout Australia.

Demand for the company’s properties has been very strong and underpinned a portfolio occupancy rate of 99.2% and 10% rental growth in FY 2022. The good news is that this trend is expected to continue thanks to elevated occupier demand from the e-commerce sector, which is creating competition for high-quality industrial assets.

Analysts at Macquarie are positive on Centuria Industrial and have an outperform rating and $4.27 price target on its shares.

As for dividends, the broker is forecasting a 17.3 cents per share distribution in FY 2022 and a 17.8 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.50, this will mean yields of 4.9% and 5.1%, respectively

Rio Tinto Limited (ASX: RIO)

Another ASX 200 dividend share that could be in the buy zone is Rio Tinto.

Due to its exposure to a range of commodities which are commanding strong prices right now, the mining giant has been tipped to generate material cash flow in the near term.

In addition, Rio Tinto has a number of growth projects in the works that look set to boost production in the near future. Combined, this bodes well for the miner’s earnings and dividends.

Goldman Sachs is bullish and has a buy rating and $135.10 price target on its shares.

The broker is also expecting some big fully franked dividends in the coming years. It is forecasting a US$9.30 per share dividend in FY 2022 and a US$8.80 per share dividend in FY 2023. Based on the current Rio Tinto share price of $108.86 and the latest exchange rates, this will mean yields of 12.3% and 11.6%, respectively.

The post Analysts name 2 top ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

More reading

• Macquarie reveals 2 sectors where bargain ASX shares still exist
• Why has the Rio Tinto share price dumped 14% in a month?
• Which ASX 200 mining share has the highest dividend yield in May?
• How big will the Rio Tinto dividend be in 2022?
• Why are ASX 200 mining shares in the green 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 Scott Phillips.

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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was on form again and charged higher. The benchmark index rose 1% to 7,182.7 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to sink

The Australian share market looks set to sink on Thursday following a major selloff on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 135 points or 1.9% lower this morning. On Wall Street, the Dow Jones fell 3.6%, the S&P 500 dropped 4%, and the Nasdaq sank 4.7%. This was the Dow Jones’ worst session since 2020.

Webjet full-year results

The Webjet Limited (ASX: WEB) share price will be one to watch on Thursday. This morning the online travel agent is scheduled to release its full-year results. According to a note out of Goldman Sachs, it is expecting Webjet to report revenue of $143.6 million and EBITDA of $1.5 million.

Oil prices tumble

It could be a difficult day for energy shares including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 2.8% to US$109.09 a barrel and the Brent crude oil price is down 2.5% to US$109.12 a barrel. Oil prices fell after US producers ramped up production.

Westpac goes ex-dividend

The Westpac Banking Corp (ASX: WBC) share price is likely to trade notably lower today regardless of the market selloff. This is due to Australia’s oldest bank’s shares trading ex-dividend this morning for its fully franked interim dividend of 61 cents per share. Eligible shareholders can now look forward to receiving this dividend on 24 June.

Gold price edges lower

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.2% to US$1,815.10 an ounce. A stronger US dollar offset demand for safe haven assets during the market selloff.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• What’s dragging on ASX 200 energy shares like Santos today?
• Can ASX 200 banks really see a 15% profit jump if the cash rate hits 1%?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• ASX 200 energy shares in focus amid frightening global supply crisis

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 recommended Webjet Ltd. and Westpac Banking Corporation. 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 to bolster your portfolio with some blue chip shares, you may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share to look at is CSL. It is a leading biotechnology company behind the CSL Behring and Seqirus businesses.

These two businesses have a portfolio of life-saving and lucrative therapies and vaccines which save millions of lives and generate billions of dollars in sales each year.

But management isn’t resting on its laurels. It continues to invest in the region of 10% to 11% of its sales into research and development activities. This means it has a development pipeline filled to the brim with important and potentially lucrative therapies.

Furthermore, CSL is in the process of making a major acquisition. It is aiming to acquire Vifor Pharma later this year, which will add key renal therapies to its portfolio and development pipeline.

Citi is a fan and has a buy rating and $335.00 price target on CSL’s shares. Its analysts note that the “latest data points to continued improvement in plasma collection and strong underlying demand.”

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of in-demand properties with exposure to key growth markets such as ecommerce.

Goodman has continued to experience strong demand for its properties in FY 2022. This has led to strong rental growth and a sky high occupancy rate.

In light of this strong form, management has just upgraded its earnings guidance again. It is now expecting its earnings per share to grow 23% in FY 2022.

The team at Goldman Sachs expect this solid form to continue. The broker highlights that “GMG offers an estimated FY22-24e earnings CAGR of ~13%, screening more favourably on a growth adjusted basis relative to the coverage average of ~8%.”

As a result of this positive outlook, this week the broker has a reiterated its buy rating with an improved price target of $25.40.

The post 2 top blue chip ASX 200 shares to buy now according to experts appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy today
• Why I would invest $10,000 into these ASX shares today
• Is the Telstra share price cheap compared to other ASX 200 shares?
• Why CSL shares are ‘going to deliver’ in 2022: fund manager
• ‘Future-proof your portfolio’: experts pick 3 quality growth ASX shares to buy

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 positions in and has recommended CSL Ltd. 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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Today, the S&P/ASX 200 Index (ASX: XJO) mimicked the solid performance witnessed on Wall Street last night. This move was sustained despite Australian wage growth data coming in under expectations. At the end of the session, the benchmark index finished 0.99% higher at 7,182.7 points.

On another day of green markets, materials were the sector crossing the finish line with the best performance with a gain of 2.5%. Following closely behind were solid rallies across tech, real estate, and industrials.

The root cause behind today’s strength might be a consequence of US data showing a 0.9% uplift in retail spending last night. Though, tomorrow we will see how markets react to the UK inflation rate hitting a 40-year high of 9%.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Mercury NZ Ltd (ASX: MCY) was the biggest gainer today. Shares in the renewable electricity generator climbed 5.99% despite there being no new announcements hitting the market. Find out more about Mercury NZ here.

The next best performing ASX share across the market today was Summerset Group Holdings Ltd (ASX: SNZ). The retirement village operator received a 5.98% boost to its share price today without any news to fuel the optimism. Uncover the latest Summerset Group Holdings details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Mercury NZ Ltd (ASX: MCY)	$5.31	5.99%
Summerset Group Holdings Ltd (ASX: SNZ)	$9.93	5.98%
Champion Iron Ltd (ASX: CIA)	$7.37	5.29%
Paladin Energy Ltd (ASX: PDN)	$0.71	5.19%
South32 Ltd (ASX: S32)	$4.70	5.15%
Corporate Travel Management Ltd (ASX: CTD)	$22.39	5.07%
Flight Centre Travel Group Ltd (ASX: FLT)	$2.40	4.80%
Seven Group Holdings Ltd (ASX: SVW)	$21.20	4.74%
Mineral Resources Ltd (ASX: MIN)	$19.64	4.52%
Lynas Rare Earths Ltd (ASX: LYC)	$60.77	4.49%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• ASX 200 midday update: BlueScope and Fortescue rise, Boral tumbles
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX shares today
• 3 ASX shares you might be surprised to learn pay dividends

Motley Fool contributor Mitchell Lawler has positions in Lynas Corporation Limited. 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 recommended Corporate Travel Management Limited and Flight Centre Travel 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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The legendary investor Warren Buffett once famously said that his favourite length of time to own a share is forever. It’s a sentiment that this writer agrees wholeheartedly with. But the world is a complex and ever-changing place. Thus, it’s hard to really know for sure if a company has a place in one’s portfolio forever.

In 1992, for example, Blockbuster Video might have seemed like a buy-and-hold-forever kind of company. Fast forward to the late 2000s and it was becoming clear that Blockbuster’s future was looking increasingly bleak.

Even Buffett doesn’t quite put his money where his mouth is all of the time. He has been selling plenty of his shares in recent years, after all.

But in my opinion, Washington H. Soul Pattinson and Co Ltd (ASX: SOL) is about as close as you can get to a ‘forever ASX share’. Here are two reasons why:

Soul Patts has been succeeding for decades

Soul Patts has been around for longer than the ASX has. It can trace its roots back to the 19th century. Over the decades since, the company has slowly transformed into an investment house of sorts. It conservatively manages its capital for the long-term benefit of its shareholders, a process it is continually refining.

But it has done a pretty decent job of building a long-term track record of performance. In a company presentation in March, Soul Patts claimed that its shares had averaged a compounded annual return of 14.5% since 1981. Not too many companies can boast a record of that length and calibre. What’s more, Soul Patts has also given its investors an annual dividend increase every year since 2000.

An unusually diversified ASX share

Most ASX shares are inherently undiversified since they represent ownership of a single business. But Soul Patts is different. It owns large chunks of many other ASX shares within its investment portfolio. These include telco TPG Telecom Ltd (ASX: TPG), coal miner New Hope Corporation Limited (ASX: NHC), and construction materials company Brickworks Ltd (ASX: BKW). What’s more, it also owns a bevvy of unlisted assets too, which further diversifies its portfolio.

So Soul Patts is a diversified investment with a long, long track record of delivering outperformance and rising dividends. That’s why I don’t ever plan on selling this ASX dividend share.

The post I’ll never sell this ASX dividend share. Here’s why appeared first on The Motley Fool Australia.

More reading

• The Soul Patts dividend is being paid today. Here’s what you need to know
• These ASX shares pay you to own them
• 2 ASX dividend shares that keep giving investors pay rises
• Soul Pattinson share price rises after electric deal for Ampcontrol
• Is the Soul Pattinson share price a buy after falling over 10% in 2022?

Motley Fool contributor Sebastian Bowen has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in 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 Scott Phillips.

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The EMvision Medical Devices Ltd (ASX: EMV) share price rocketed today following news that the Australian Government will give the ASX company a multi-million dollar manufacturing grant.

Shares in the Australian medical device company finished the session at $1.82, up 5.2%. Earlier, the EMvision share price reached an intraday high of $1.92 — up 10.98%.

By comparison, the All Ordinaries Index (ASX: XAO) also travelled higher today to 7,426 points — up 1.03%.

EMvision receives Modern Manufacturing Initiative Grant

ASX investors snapped up EMvision shares on news today that the company has been successful in its application for the grant.

According to a market release, the Department of Industry, Science, Energy and Resources has awarded EMvision a Modern Manufacturing Initiative (MMI) grant.

Under the MMI Manufacturing Translation Stream program, EMvision will receive $5 million of non-dilutive cash funding.

This program provides businesses with funds to support projects, adopt new technologies, and improve manufacturing processes. EMvision stated that the grant is a matched funding program and remains subject to agreeing documentation and terms.

EMvision has not provided any details on how the company will use the funds. Management said it will advise the details in due course.

The company is developing a portable brain scanner to diagnose and monitor strokes in patients.

The department will contact EMvision to discuss the next steps.

EMvision share price summary

Although the EMvision share price accelerated today, it has been on a downhill trend. The shares have lost 37% over the past 12 months and are down 31% year to date.

On valuation grounds, EMvision has a market capitalisation of roughly $133.95 million.

The post EMvision share price rockets 11% on $5 million pay day appeared first on The Motley Fool Australia.

More reading

• Here’s why the EMvision share price surged 8% on Wednesday

Motley Fool contributor Aaron Teboneras 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 EMvision Medical Devices Limited. 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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Shares of Dubber Corp Ltd (ASX: DUB) have surged 18.28% at the close of trading on Wednesday and are now fetching $1.10 apiece.

The gain brings Dubber’s gain over the past five days of trade to 20.8% after shares bounced off a 52-week closing low of 91 cents apiece.

What’s up with the Dubber share price?

There’s been no price-sensitive news from Dubber since the cloud-based software as a service (SaaS) provider released its quarterly activities report in April, so let’s look at the bigger picture.

Dubber shares have been sold off heavily since the beginning of the year with those still holding the stock realising a 60% loss in that time.

However, the downward trend had been in situ for some time, as the share price had tumbled from a 52-week closing high of $4.26, bringing the total drawdown now to 74% from that point.

Needless to say, Dubber’s downturn has been consistent with the moves in the wider tech sector, as the S&P/ASX All Technology index (ASX: XTX) has also crumbled 29% lower in 2022.

Dubber appears to track the tech index closely, with only a minimal divergence seen in March thus far in 2022, as seen on the chart below.

It wouldn’t come as much surprise, therefore, to see Dubber’s share price begin to lift alongside the tech index’s 8% gain since 12 May.

As the sector continues strengthening so too has Dubber’s share price. Although, that’s not to suggest the correlation is the only cause of Dubber’s spike.

Meanwhile, investors continue bidding up shares in the company on a volume of 168% that of its 4-week average.

Zooming out, and the Dubber share price has slipped 61% into the red over the last 12 months of trade.

The post Why did the Dubber share price push 18% higher today? appeared first on The Motley Fool Australia.

More reading

• The Appen share price is soaring 5% on Thursday. Could this be why?

Motley Fool contributor Zach Bristow 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 Dubber Corporation. The Motley Fool Australia has positions in and has recommended Dubber Corporation. 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 Bank of Queensland Limited (ASX: BOQ) share price has had a rough start to 2022.

It’s currently 9.6% lower than it was at the start of the year. As of Wednesday’s close, the Bank of Queensland share price is $7.52.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has slumped 5.4% year to date while the S&P/ASX 200 Financials Index (ASX: XFJ) is down just 0.8%.

But one broker is predicting big things to come for the bank’s stock. Let’s take a look.

Could the Bank of Queensland share price reach $11?

The future is bright for the Bank of Queensland’s stock, according to one Aussie broker.

That’s right, Morgans believes the Bank of Queensland share price could have a 45% upside, as The Motley Fool Australia’s James Mickleboro reported last week.

The broker believes the stock is a good entry point for would-be ASX bank investors due to the company’s recent acquisition of ME Bank.

In fact, it noted the cost synergies born from the acquisition are coming to fruition faster than expected. It’s also impressed by the company’s ongoing transformation.

On the back of its positive sentiment, Morgans has slapped Bank of Queensland’s stock with a price target of $11, reports Mickleboro. That suggests a 46% upside on the stock’s current value.

On top of that, the broker expects the bank will pay out 49 cents in dividends in financial year 2022.

That would see the Bank of Queensland trading with a 6.5% dividend yield at its current share price.

However, if the broker’s share price prediction proves accurate, 49 cents of dividends over 12 months would leave it with an entirely decent 4.45% dividend yield.

The bank has already agreed to provide a 22-cent dividend for the first half of this financial year.

Morgans also expects the bank’s dividends to increase to 54 cents in financial year 2023.

The post Could Bank of Queensland shares deliver 46% upside AND a 4.5% dividend yield in 2022? appeared first on The Motley Fool Australia.

More reading

• 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?
• Analysts name 2 ASX dividend shares to buy with growing yields

Motley Fool contributor Brooke Cooper 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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