Day: September 5, 2022

Analysts name 2 top ASX dividend shares to buy with great yields

A smiling woman with a handful of $100 notes, indicating strong dividend payments

A smiling woman with a handful of $100 notes, indicating strong dividend payments

If you are looking to boost your income with some dividend shares, then two listed below could be worth a closer look.

Both of these dividend shares are expected to provide investors with great yields in the near term. Here’s what you need to know about them:

DEXUS Property Group (ASX: DXS)

The first ASX dividend share to look at is Dexus. It is one of Australia’s leading fully integrated real estate groups, managing a high-quality Australian property portfolio that is currently valued at $44.3 billion.

The company also has a $17.7 billion development pipeline, which management believes provides it with the opportunity to grow its portfolios and enhance future returns.

Macquarie is a fan of the company. Last month, the broker responded to Dexus’ full year results by retaining its outperform rating and lifting its price target on the company’s shares to $10.79.

As for dividends, the broker is forecasting dividends per share of 53 cents in FY 2023 and 52 cents in FY 2024. Based on the latest Dexus share price of $8.43, this will mean yields of 6.3% and 6.15%, respectively.

National Storage REIT (ASX: NSR)

Another ASX dividend share for income investors to look at is National Storage.

It is one of the ANZ region’s leading self-storage operators with over 225 centres that provide tailored storage solutions to 90,000+ residential and commercial customers.

National Storage was in fine form in FY 2022, reporting a 46% increase in underlying earnings to $126.5 million. This was driven by a 28% increase in total revenue, which reflects a 20.9% increase in revenue per available metre (REVPAM), an 18.8% increase in its group rate, and a 2.8% increase in its occupancy rate.

Ord Minnett was pleased with this result, noting that it came in a little ahead of its expectations. In response, the broker reiterated its buy rating and $2.70 price target.

In respect to dividends, its analysts are forecasting dividends per share of 11 cents in FY 2023 and FY 2024. Based on the current National Storage share price of $2.42, this equates to yields of 4.5%.

The post Analysts name 2 top ASX dividend shares to buy with great yields 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 August 4 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 RURALFUNDS STAPLED. 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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Should you be worried about investing in the stock market right now?

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

a woman sits with a concerned look on her face at her computer in an home office environment.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Stock prices have taken a tumble again, ending the bear market rally that investors have seen over the last month. Currently, the S&P 500 is down more than 18% from its peak in early January, and some investors worry the market still has further to fall.

To be clear, nobody — not even the experts — knows what exactly to expect over the coming months. The stock market can be unpredictable, so it’s tough to say whether stock prices will continue falling or how severe that drop might be if they do.

All that uncertainty can be daunting, and that’s normal. But just how worried about the stock market should you be? And should you still invest right now? Here’s what you need to know.

What will happen with the stock market?

Again, nobody knows for certain how stocks will perform in the near term. However, the market itself has a long history of rebounding from downturns and going on to see positive average returns over time.

In other words, no matter what happens in the coming weeks or months, the market will recover eventually. The best you can do, then, is try to keep a long-term outlook and avoid getting caught up in the market’s daily fluctuations.

This doesn’t necessarily mean you shouldn’t stay informed about market news. But try your best to avoid letting your emotions guide your decisions. Downturns can be nerve-wracking, but the market has experienced dozens of crashes, corrections, recessions, and bear markets over the years. And it’s recovered from every single one of them.

^SPX Chart

^SPX data by YCharts.

Keep in mind, too, that as long as you stay invested, you’re unlikely to lose money. If you pull your money out of the market after stock prices have fallen, you’ll lock in those losses. But if you simply hold your investments until the market inevitably recovers, you can make it through unscathed.

Is now a good time to buy stocks?

It’s often challenging to invest when the stock market is shaky, but it can actually help you make more money over time.

When the market is in a slump, stock prices are lower. While that may not seem like a positive thing, it means you can load up on high-quality stocks for a fraction of the price. Some stocks are down 40%, 50%, 60%, or more from their peaks, making right now a fantastic time to invest at a discount.

Once the market eventually recovers, most stocks should increase in value once again. When that happens, you could potentially see significant gains.

The key is to ensure you’re choosing the right investments. Not all stocks can recover from a downturn, but strong companies are the most likely to pull through. By filling your portfolio with healthy companies and holding those stocks for the long term, it’s much more likely your investments will survive whatever may happen with the stock market.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Should you be worried about investing in the stock market right now? appeared first on The Motley Fool Australia.

Should you invest $1,000 in S&P/ASX 200 right now?

Before you consider S&P/ASX 200, 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 S&P/ASX 200 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 August 4 2022

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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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.



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3 ASX mining shares that rocketed more than 15% on Monday

Three happy miners standing with arms crossed at a quarry as the Core Lithium share price rises todayThree happy miners standing with arms crossed at a quarry as the Core Lithium share price rises today

ASX mining shares Southern Palladium Ltd (ASX: SPD), Arafura Resources Ltd (ASX: ARU) and Flinders Mines Limited (ASX: FMS) had a massive day today, soaring between 17% and 42% higher.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) rose 1.94%.

Let’s take a look at what may have caused these three ASX mining shares to reach for the stars.

Southern Palladium

The Southern Palladium share price exploded 21% higher, closing on Monday at $1.15. The monster trading day came after the company updated the market on drilling progress at its Bengwenyama PGM project.

Southern Palladium has a 70% stake in the palladium and rhodium-rich project located at the Bushveld Complex in South Africa.

The explorer advised that drillhole E062 had intersected the first UG2 reef at 31.2m below the surface. Commenting on the news, managing director Johan Odendaal said:

Confirmation of the UG2 Reef intersection is an important early barometer for the company as it advances the Phase 1a drill program.

Arafura Resources

The Arafura Resources Ltd (ASX: ARU) share price also shot the lights out today, surging 17.24% to close at 34 cents.

Arafura has been added to the ASX 300 Index as part of a quarterly rebalance. S&P Dow Jones Indices advised of the changes to multiple S&P/ASX indices after market close on Friday.

Arafura is developing the Nolans Rare Earths Project in the Northern Territory. The mineral explorer aims to supply 5% of the world’s neodymium and praseodymium (NDPr) 99% pure oxide from the Nolan’s project.

Flinders Mines

Finally, the Flinders Mines share price soared a whopping 41.51% today to 75 cents at the close.

Flinders advised the market this morning that BBIG Group Pty Ltd had terminated a farm-in agreement with it. This meant Flinders would be able to negotiate a staged development of its Pilbara Iron Ore Project in Western Australia.

The company’s chair Cheryl Edwardes said the move would provide Flinders with a “more certain pathway to near term cash flow“.

The post 3 ASX mining shares that rocketed more than 15% on Monday 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 August 4 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 analysts rate these ASX growth machines as buys

A woman wearing yellow smiles and drinks coffee while on laptop.

A woman wearing yellow smiles and drinks coffee while on laptop.

Are you wanting to add some new ASX shares to your portfolio this month? If you are, read on.

Two ASX growth shares that could be worth considering are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to look at is electronic design software provider Altium.

Due to the leadership position it has carved out for itself in an enormous and growing market, Altium has been growing its earnings at a solid rate for many years.

This continued in FY 2022, with the company recently reporting a 23% increase in revenue to US$220.8 million and a 57% jump in net profit after tax to US$55.5 million

Analysts at Bell Potter were very impressed. They commented:

FY22 EBITDA grew 33% to US$79.8m which was 6% above our forecast of US$75.4m. The beat was driven by higher revenue than forecast (US$220.8m vs BPe US$218.5m and guidance towards top end of US$209-217m) and a better EBITDA margin than forecast (36.2% vs BPe 34.5% and guidance towards low end of 34-36%). Note there were no positive one-offs which drove the beat and the result was even negatively impacted by one-off costs of US$1.3m from relocating staff

Pleasingly, the future remains as bright as ever, with management continuing to target the more than double of its revenue to US$500 million by 2026.

Bell Potter currently has a buy rating and $37.50 price target on its shares.

Readytech Holdings Ltd (ASX: RDY)

Another ASX growth share that could be in the buy zone in September is enterprise software provider Readytech.

Like Altium, last month, Readytech released its full year results and impressed analysts. The company revealed a 16.8% year over year increase in revenue to $78.3 million and a 45.5% jump in underlying EBITDA to $27.5 million.

In response, the team at Goldman Sachs commented:

Strong organic growth execution builds confidence in medium-term earnings outlook. […] RDY remains materially undervalued relative to profitable SaaS peers (we estimate >50% discount on growth-adjusted FY24E EV/EBITDA) and is building an impressive track record of organic growth execution which in our view will drive a re-rating over time.

Also like Altium, management is confident in its outlook. It expects organic revenue growth in the mid-teens in FY 2023. This will be boosted by an additional $2 million of incremental revenue from FY 2022 acquisitions. But it won’t stop there, the company has upgraded its FY 2026 revenue target from $140 million to $160 million. This will be double FY 2022’s numbers.

Goldman Sachs has a buy rating and $4.30 price target on its shares.

The post Why analysts rate these ASX growth machines as buys 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 August 4 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 positions in and has recommended Altium and Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings Ltd. 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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