Day: June 29, 2022

Here are 2 top ASX 200 dividend shares to buy right now according to experts

A woman holds a lightbulb in one hand and a wad of cash in the other

A woman holds a lightbulb in one hand and a wad of cash in the other

If you’re looking to boost your income with some dividend shares, then the two listed below could be worth considering.

Analysts have recently named these ASX 200 dividend giants as buys. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share that could be in the buy zone is BHP.

Thanks to its world class operations and favourable commodity prices, the Big Australian has been generating significant free cash flow again. And with this trend expected to continue, this could bode well for dividend payments in the coming years.

In fact, Goldman Sachs is forecasting fully franked dividends per share of US$3.50 in FY 2022 and then ~US$2.65 in FY 2023. Based on the current BHP share price of $42.76 and current exchange rates, this implies yields of 11.9% and 9%, respectively.

Goldman Sachs also sees plenty of value in the BHP share price at currently levels. Earlier this week the broker resumed coverage on its shares with a buy rating and $49.40 price target.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 share that could be in the buy zone is this telco giant.

It could be a top option due to its attractive valuation, strong free cash flow generation, and improving outlook. In respect to the latter, Telstra’s new T25 strategy has been designed to underpin solid earnings growth in the coming years. This could bode well for dividend payments.

For now, the team at Morgans is forecasting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.89, this will mean yields of 4.1%.

Morgans also sees decent upside for Telstra’s shares. It has an add rating and $4.56 price target on its shares.

The post Here are 2 top ASX 200 dividend shares to buy right now according to experts appeared first on The Motley Fool Australia.

Should you invest $1,000 in Bhp Group Ltd right now?

Before you consider Bhp Group Ltd, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bhp Group Ltd wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

See The 5 Stocks
*Returns as of June 1 2022

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation 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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3 excellent ASX growth shares that analysts are excited about

a happy investor with a wide smile points to a graph that shows an upward trending share price

a happy investor with a wide smile points to a graph that shows an upward trending share price

The Australian share market is home to a number of companies growing at a strong rate.

Three that could be well-placed for growth are listed below. Here’s what you need to know about these ASX shares:

Allkem Ltd (ASX: AKE)

The first growth share to look at is lithium giant Allkem. It owns a collection of high-quality assets including Olaroz, Mt Cattlin, and the Sal de Vida brine project. Thanks to sky high lithium prices, Allkem has delivered significant sales growth in FY 2022. Pleasingly, this looks likely to continue in FY 2023 thanks to ongoing strength in prices, the end of older supply contracts at much lower prices, and increasing production.

Macquarie is bullish and has an outperform rating and $17.00 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share to look at is this pizza chain operator. Domino’s has been growing at a consistently solid rate for well over a decade. This is thanks to the popularity of its offering and the expansion of its footprint. And despite its store network reaching approximately 3,000 stores, management isn’t settling for that. It sees scope to more than double this over the next decade in existing markets.

Earlier this month, Citi retained its buy rating and $100.95 price target on the company’s shares.

IDP Education Ltd (ASX: IEL)

A final ASX growth share to look at is this provider of international student placement services and English language testing services. After a tough time during the pandemic, IDP has bounced back strongly in FY 2022. And pleasingly, the team at Goldman Sachs expect this trend to continue. Its analysts are forecasting a “68% 3yr EPS CAGR (FY21-FY24E).”

Goldman has a buy rating and $35.50 price target on the company’s shares.

The post 3 excellent ASX growth shares that analysts are excited about appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of June 1 2022

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Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education Pty Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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What’s behind the 8% fall in the Silver Lake Resources share price?

Businessman puts hand over eyes on a sinking boat in oceanBusinessman puts hand over eyes on a sinking boat in ocean

The Silver Lake Resources Limited (ASX: SLR) share price plunged more than 8% today.

The company’s shares dropped 8.15% to trade at $1.24. For perspective, the S&P/ASX 200 Index (ASX: XJO) descended 0.94% today.

So what’s going on with the Silver Lake share price?

Why did the Silver Lake share price fall?

Silver Lake shares fell today, but it was not alone in the materials sector. The S&P/ASX 200 Materials Index (ASX: XMJ) descended 1.47% today on the ASX.

Despite the name, Silver Lake is a gold and copper producer intent on cash flow generation from two projects in Western Australia. These include the Deflector and Mount Monger projects.

The company’s share price appears to be falling amid falling gold and copper prices.

The Evolution Mining Ltd (ASX: EVN) share price descended 6.98% today, while the Northern Star Resources Ltd (ASX: NST) lost 5.64%.

Gold prices have descended to close to their lowest levels in two weeks, trading economics data shows.

The gold price is currently down 0.17% to US$1816.7 per ounce. The gold price is under pressure amid the high US dollar, IG reports.

Meanwhile, copper prices have also descended 1.25% to US$3.7245 per pound due to recession fears.

Silverlake produced 53,822 ounces of gold and 262 tonnes of copper in the March quarter. In the year to date, the company has achieved production of 182,778 ounces of gold and 756 tonnes of copper.

Silverlake share price snapshot

The Silverlake share price has fallen nearly 28% in the past year, while it has dived 30% year to date.

For perspective, the benchmark ASX 200 index has lost about 8% in a year.

Silverlake has a market capitalisation of about $1.16 billion based on the current share price.

The post What’s behind the 8% fall in the Silver Lake Resources share price? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Silver Lake Resources Limited. right now?

Before you consider Silver Lake Resources Limited., you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Silver Lake Resources Limited. wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

See The 5 Stocks
*Returns as of June 1 2022

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Motley Fool contributor Monica O’Shea 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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Origin share price shrugs off record $17 million fine from Federal Court

a judge sitting in a blurred background reaches forward to strike his gavel on the strikeplate on his judge's bench.a judge sitting in a blurred background reaches forward to strike his gavel on the strikeplate on his judge's bench.

The Federal Court has ordered Origin Energy Ltd (ASX: ORG) and its related entities to pay $17 million for failing to comply with its obligation to protect customers experiencing hardship and payment difficulties.

Amid the news, Origin shares pushed away from selling pressure midway through Wednesday’s session to close flat at $5.93 apiece.

In broader market moves, the S&P/ASX 200 Energy Index (ASX: XEJ) finished 0.13% higher today while the S&P/ASX 200 Index (ASX: XJO) closed 0.94% lower.

Let’s take a look at the news surrounding the energy company today.

Origin penalised for customer hardship breaches

Origin faced legal proceedings brought by the Australian Energy Regulator (AER). It alleged Origin’s automation processes had breached its financial hardship obligations.

The AER took action after Energy Ombudsman schemes from numerous states brought the company’s conduct to the regulator’s attention.

Origin was found to have breached its own hardship policies and retail rules after a review of its automated processes used to handle such accounts.

Notably, Origin displayed a lack of consideration in understanding customers’ “capacity to pay” when making changes to their accounts and payment plans.

Origin admitted it had breached these obligations on more than 100,000 occasions over almost four years from January 2018 to October 2021, the court found.

More than 90,000 customers across New South Wales, the ACT, Queensland, and South Australia were affected, the court ruled.

The penalty is the largest ever imposed for breaches of National Energy Retail Law and Rules.

AER chair Clare Savage was satisfied with the decision and said it highlighted Origin’s misconduct.

She said that applying automated processes across thousands of customers without considering whether they could actually pay “shows a complete disregard of the hardship obligations in the national energy laws”.

Savage said:

This record $17 million penalty reflects the seriousness of the breaches by Origin and should send a strong deterrence message to all energy retailers that they must maintain and implement their hardship policies in accordance with the law, to protect customers experiencing financial distress.

Origin share price snapshot

In the last 12 months, the Origin share price has clipped a 28% gain, gaining 13% this year to date.

The company has a market capitalisation of around $10.2 billion.

The post Origin share price shrugs off record $17 million fine from Federal Court appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of June 1 2022

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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 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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