If youâre looking for dividend shares to buy, then Morgans has you covered.
Listed below are two of the best ASX dividend shares to buy this month according to its analysts. Hereâs what they are saying:
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Morgans is a fan of this coal terminal operator and is expecting some big dividend yields from its shares in the coming years. The broker currently has an add rating and $2.67 price target on the companyâs shares.
It commented:
DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBIâs high cash yield and commitment to 1-2% [now 3% to 7%] pa DPS growth.
Its analysts are forecasting dividends per share of ~20 cents in FY 2022 and ~21 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.48, this will mean yields of 8% and 8.5%, respectively.
Macquarie Group Ltd (ASX: MQG)
Morgans thinks that this investment bank could be a top option for income investors. It currently has an add rating and $214.30 price target on its shares.
The broker likes Macquarie due to its exposure to long term structural growth markets. It commented:
We continue to like MQGâs exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.
In respect to dividends, the broker is expecting partially franked dividends of $7.05 per share in FY 2023 and $7.36 per share in FY 2024. Based on the current Macquarie share price of $170.37, this implies yields of 4.1% and 4.3%, respectively.
The post Top broker names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.
Why skyrocketing inflation doesnât have to be the death of your savingsâ¦
Goldman Sachs has revealed investors’ savings donât have to go up in smoke because of skyrocketing inflation⦠Because in times of high inflation, dividend stocks can potentially beat the wider market.
The investment bankâs research is based on stocks in the S&P 500 index going as far back as 1940.
This FREE report reveals THREE stocks not only boasting inflation fighting dividends but also have strong potential for massive long term gainsâ¦
See the 3 stocks
*Returns as of November 1 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Top brokers name 3 ASX shares to buy next week
- Morgans names 3 of the best ASX 200 shares to buy in November
- Would you like to bag the latest Macquarie dividend? Read this
- 4 ASX 200 shares trading ex-dividend next week
- Broker tips Macquarie share price to rise 25%
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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/8COgJeM
Leave a Reply