Are you looking for options for your portfolio in October? Well, whether you’re a growth, income, or value investor, one of the shares listed below could be worth considering.
Here’s why I think they are top options for investors:
BWP Trust (ASX: BWP)
If you’re an income investor then you might want to consider BWP. It is a commercial real estate company which leases the majority of its properties to hardware giant Bunnings Warehouse. Given the strength of the Bunnings business, particularly during the pandemic, I believe BWP is well-placed to continue growing its distribution over the coming years. In FY 2021, the company expects to pay a distribution in the region of 18.29 cents per unit. Based on the current BWP share price, this equates to a 4.5% distribution yield.
Pushpay Holdings Group Ltd (ASX: PPH)
Growth investors might want to look at this leading donor management and community engagement platform provider for the faith sector. Due to the digitisation of the church and the shift to a cashless society, Pushpay’s platform is quickly becoming indispensable in the sector. I believe this puts it in an excellent position for growth over the next decade. In FY 2021, the company expects to deliver EBITDAF of between US$48 million and US$52 million. This will be a 91.2% to 107% increase, respectively, year on year.
Telstra Corporation Ltd (ASX: TLS)
I think Telstra would be a great option for value investors. Due to a heavy decline this year, the telco giant’s shares are changing hands at under 19x estimated FY 2021 earnings. This strikes me as great value, especially given its improving outlook and defensive qualities. Another positive is this decline means that its shares now offer a very generous dividend yield. I still believe the company can maintain its 16 cents per share dividend in FY 2021 through its free cash flow. Based on the current Telstra share price, this equates to a 4.8% dividend yield.
These 3 stocks could be the next big movers in 2020
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More reading
- 2 top ASX shares I’d buy with $2,000 for October and beyond
- New $190 million tech share listing on ASX
- Telstra (ASX:TLS) launches new 5G NBN alternative
- Is the TPG (ASX:TPG) share price a buy today?
- Which ASX REITs are still worth buying in a post-COVID-19 world?
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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