Day: July 14, 2022

Analysts name 2 ASX dividend shares to buy with 5%+ yields

Australian notes and coins mixed together.

Australian notes and coins mixed together.

Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

Not only have these dividend shares been rated as buys, but they have also been tipped to provide investors with attractive yields.

Here’s what you need to know about them:

Australia and New Zealand Banking Group (ASX: ANZ)

The first dividend share for investors to look at is ANZ. It could be a good option for investors that don’t already have exposure to the banking sector. Particularly given recent volatility, which has dragged the ANZ share price lower. This means its shares are currently trading far closer to their 52-week lows than their 52-week highs.

One broker that appears to see this as a buying opportunity is Citi. It currently has a buy rating and lofty $30.75 price target on the bank’s shares.

Its analysts are also expecting some big dividend yields from ANZ’s shares in the coming years following the aforementioned decline. It has has pencilled in fully franked dividends per share of 147 cents in FY 2022 and then 170 cents in FY 2023. Based on the current ANZ share price of $21.93, this implies yields of 6.7% and 7.75%, respectively.

Centuria Industrial REIT (ASX: CIP)

Another ASX dividend share that has been rated as a buy is industrial REIT, Centuria Industrial.

It could be a top option for investors thanks to the robust demand for industrial properties. In fact, demand has been so strong that during the first half Centuria Industrial reported an ~9-year weighted average lease expiry with a 99.2% portfolio occupancy. This underpinned strong funds from operation (FFO) and allowed management to upgrade its guidance.

Macquarie remains very positive on Centuria Industrial. Last month it put an outperform rating and $3.94 price target on its shares. This suggests major upside potential for the company’s shares over the next 12 months.

As for dividends, the broker is forecasting dividends per share of 17.3 cents in FY 2022 and 16.8 cents FY 2023. Based on the current Centuria Industrial share price of $2.93, this equates to yields of 5.9% and 5.7%, respectively.

The post Analysts name 2 ASX dividend shares to buy with 5%+ yields appeared first on The Motley Fool Australia.

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*Returns as of July 7 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 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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Sayona shares sail 8% ahead amid government’s call to secure energy supply

three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.

The Sayona Mining Ltd (ASX: SYA) share price finished well in the green today.

Sayona shares closed at 14 cents today, a 7.69% gain. For perspective, the S&P/ASX 200 Index (ASX: XJO) climbed 0.44%.

Let’s take a look at what’s been happening with Sayona shares.

Sayona shares on the rise

Sayona shares soared today but they were not the only ASX lithium shares to jump. Pilbara Minerals Ltd (ASX: PLS) shares leapt 3.81%, the Core Lithium Ltd (ASX: CXO) share price rose 2.86%, and the Allkem Ltd (ASX: AKE) share price climbed 2.7%. Further, the S&P/ASX 200 Materials Index (ASX: XMJ) closed 1.56% higher.

Sayona is a lithium producer exploring projects in Western Australia and Quebec, Canada.

The company has recently revealed plans to restart lithium production at the North American Lithium Operation.

Sayona, along with Piedmont Lithium Inc (ASX: PLL), has agreed to speed up production at the project. The first spodumene concentrate production is earmarked for the first quarter of 2023. The Sayona share price soared on the back of the news late last month,

Meanwhile, the government is calling for more secure clean energy supply chains as the world moves towards net zero, the Australian Financial Review reported. In a speech to a global energy forum in Sydney this week, Prime Minister Anthony Albanese said:

It is essential that the unprecedented levels of investment in clean energy technologies required over the coming decades unlocks more diverse and secure supply chains than we have today.

Greater diversity and security of critical minerals extraction and processing, greater diversity of clean technology manufacturing, and security of clean energy supply are essential for managing supply and strategic risks.

Meanwhile, in quotes cited by the Sydney Morning Herald, US energy secretary Jennifer Granholm raised concerns China is “big-footing” energy supply chains. She said:

From an energy security point of view, it is imperative that nations that share the same values to develop our own supply chains, not just for the climate, which of course is very important, but for our own energy security.

Share price snapshot

Sayona shares have soared 65% over the past 12 months and risen 7.69% year to date.

In the past week, the company’s share price has lost 6.67%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has fallen nearly 10% in the past year.

Sayona has a market capitalisation of about $1.2 billion based on today’s share price.

The post Sayona shares sail 8% ahead amid government’s call to secure energy supply 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 July 7 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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Why might ASX-listed ANZ want to snap up MYOB?

a man holds his hand under his chin as he concentrates on his laptop screen and makes a concerned face.a man holds his hand under his chin as he concentrates on his laptop screen and makes a concerned face.

The acquisition trail continues into the new financial year. Another publicly-listed company has its sights set on a private entity.

Australia and New Zealand Banking Group Ltd (ASX: ANZ) is understood to be in talks to acquire accounting software firm MYOB Group from its parent company.

At market close on Thursday, ANZ shares are down 2.23% to $21.93.

ANZ said to be acquiring MYOB

The banking giant confirmed it was in talks with MYOB’s parent, private equity juggernaut KKR & Co., to acquire the accounting software firm.

It’s understood the transaction could reach a settlement of $4.5 billion, according to Reuters.

If this were so, it would represent an incredible $2.9 billion gain on investment for KKR, who bought MYOB private back in 2019.

Still, ANZ has total assets of $2.4 billion in March, made up of $404 million in cash.

MYOB’s public competitor, Xero Limited (ASX: XRO) has an enterprise value of $12.83 billion after adjusting its market cap for cash and debt, valuing MYOB at 35% of this amount.

ANZ’s potential decision comes at a time when ASX banks have been freeing up capital to offset pressures bought on by the Reserve Bank (RBA)’s tightening policy.

Analysts at investment bank Jefferies were quick onto the update and said there wasn’t necessarily a need for ANZ to own an accounting platform seeing as it has plenty of internal, comparable software.

However, the rationale behind the investment is probably to gain more customer data in order to sell more business banking products, The Australian writes.

Despite the pair being in talks on the transaction, there’s been no guarantee anything will proceed, and it looks like just confirmation of interests at this stage.

ANZ shares are down more than 20% in the past 12 months, and 20% this year to date, as seen on the chart below.

TradingView Chart

The post Why might ASX-listed ANZ want to snap up MYOB? 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 July 7 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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EML Payments share price rebounds 12% after former CEO sheds more light

Group of people cheer around tablets in officeGroup of people cheer around tablets in office

The EML Payments Ltd (ASX: EML) share price recovered some lost ground today.

This comes after the company’s former managing director and CEO posted a message on his LinkedIn profile regarding his departure from the company.

At Thursday’s close, the payments company’s shares were swapping hands at $1.05, up 12.3%.

What did the former CEO say?

The EML Payments share price finally enjoyed some relief today having fallen in the three previous sessions, including a drop of almost 25% on Monday following the shock news of CEO Tom Cregan’s exit.

Cregan bid the company farewell today after 10 and half years at the helm. He noted the “incredible journey” of building the business with a dedicated team that brought “their A-game”.

Cregan mentioned how EML Payments turned its fortunes around from being a small-time player to a global behemoth.

However, he delved into the reason for the abrupt exit that left shareholders stunned on Monday.

Cregan said:

After more work hours, air miles and nights away from home that I care to remember, I was happy to move on to the next journey and was happy that I controlled that outcome.

I will miss the people and customers, but not the 6am starts and 10-11pm finishes most days of the week!

Furthermore, Cregan went on to congratulate Emma Shand on her appointment as the new managing director and CEO.

He mentioned that she has an ideal set of attributes to lead the company while spending considerable time in Europe to run its operations. That was something Cregan said he was no longer willing to do “from a personal and family standpoint”.

EML Payments share price snapshot

Today’s EMP Payments share price gains will no doubt being some relief to shareholders.

The company’s shares have suffered setbacks after continuously being targeted by short-sellers following a disappointing third-quarter trading update in April.

In the past 12 months, its shares are down 72%.

EML Payments has a market capitalisation of roughly $478.03 million.

The post EML Payments share price rebounds 12% after former CEO sheds more light appeared first on The Motley Fool Australia.

“The worst thing you can do is nothing”

Motley Fool Chief Investment Officer says right now is not the time to sit on your hands…
As inflation eats away at cash balances Scott Phillips reveals three stocks for investors to consider that could help fight rising prices…
… And Eml Payments Ltd isn’t one of them.

Learn More
*Returns as of July 1 2022

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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 EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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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