Westpac Banking Corp (ASX: WBC) is paying shareholders a fully franked interim dividend of 77 cents per share today.

For many investors, this is exactly why bank shares are so popular. The major banks regularly return billions of dollars to shareholders through dividends, and these payments can form an important part of a passive income strategy.

Some Westpac shareholders will have elected to use the dividend reinvestment plan, allowing their dividend to buy more shares in the bank.

Others will receive the dividend as cash. That money could be spent, saved, or reinvested elsewhere on the ASX.

For investors wanting to use their Westpac dividends to diversify into other high-quality blue chips, the three shares below could be worth considering.

Goodman Group (ASX: GMG)

The first ASX blue chip to consider is Goodman.

Goodman gives investors exposure to logistics, industrial property, and data centres across key global markets.

These assets sit behind some of the biggest changes in the economy. Ecommerce needs warehouses close to customers, global supply chains need efficient distribution networks, and cloud computing and artificial intelligence are increasing demand for data centre infrastructure.

That gives Goodman a powerful long-term growth profile.

The company has also built a strong reputation as a developer and manager of complex property assets. This means it is not simply collecting rent from warehouses. It is helping major customers solve infrastructure problems in markets where well-located land can be scarce.

ResMed Inc (ASX: RMD)

Another option for Westpac dividend cash is ResMed.

ResMed is a medical device company focused on sleep apnoea treatment and connected respiratory care.

This gives it exposure to a large medical need. Many people with sleep apnoea remain undiagnosed, while greater awareness of sleep health could support demand for treatment over the long term.

The company’s business model also has an attractive recurring element. Patients using its devices often need masks, accessories, software support, and ongoing care. That can create repeat revenue over time and help smooth the business beyond one-off device sales.

Healthcare shares can still be volatile, but ResMed’s global market position and long-term demand drivers make it a high-quality blue chip to consider.

Wesfarmers Ltd (ASX: WES)

A third ASX blue chip to look at is Wesfarmers. It owns a collection of strong retail and industrial businesses, including Bunnings, Kmart, Officeworks, and its chemicals, energy and fertilisers operations.

This gives investors exposure to a diversified group with multiple ways to grow.

Bunnings remains one of the strongest retail franchises in Australia, while Kmart has built a powerful position in value-focused retail. These businesses benefit from scale, trusted brands, and a long history of disciplined execution.

Wesfarmers has also shown a willingness to invest in new opportunities and reshape its portfolio over time. That capital allocation track record is one reason investors often view it as one of the ASX’s highest-quality companies.

The post Where to invest your Westpac dividends appeared first on The Motley Fool Australia.

More reading

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• Is the Westpac share price a buy for its 6% dividend yield?

Motley Fool contributor James Mickleboro has positions in Goodman Group and ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, ResMed, and Wesfarmers. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Goodman Group and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Vanguard has announced estimated distributions (dividends) for scores of its ASX exchange-traded funds (ETFs) on Friday.

The ETFs include the market’s most popular exchange-traded fund, Vanguard Australian Shares Index ETF (ASX: VAS).

The ex-dividend date for this next lot of distributions is next Wednesday, 1 July.

Vanguard will pay investors on 16 July.

Let’s take a look.

Mid-year dividends for Vanguard ASX ETF investors

Here is a summary of the estimated distributions that Vanguard will pay investors on 16 July.

The Vanguard Australian Shares Index ETF (ASX: VAS), which seeks to track the performance of the S&P/ASX 300 Index (ASX: XKO) before fees, will pay a dividend of 48.99 cents per unit.

The Vanguard Australian Shares High Yield ETF (ASX: VHY) tracks the FTSE Australia High Dividend Yield Index. The ASX VHY will pay 40.82 cents per unit.

The Vanguard MSCI Australian Small Companies Index ETF (ASX: VSO) will pay 219.83 cents per unit. The VSO tracks the MSCI Australian Shares Small Cap Index.

The Vanguard Australian Fixed Interest Index ETF (ASX: VAF) tracks the Bloomberg AusBond Composite 0+ Yr Index before fees. It will pay a dividend of 53.42 cents per unit.

The Vanguard Australian Property Securities Index ETF (ASX: VAP) tracks the performance of the S&P/ASX 300 A-REIT Index before fees. It will pay 146.84 cents per unit.

The Vanguard Ethically Conscious Australian Shares ETF (ASX: VETH) tracks the FTSE Australia 300 Choice Index before fees. It will pay 34.38 cents per unit.

Vanguard MSCI Australian Large Companies Index ETF (ASX: VLC), which tracks the MSCI Australian Shares Large Cap Index, will pay a dividend of 26.81 cents per unit.

What about ETFs holding international shares?

Vanguard MSCI Index International Shares ETF (ASX: VGS) is the largest exchange-traded fund holding diversified international shares on the ASX. It provides exposure to 1,500 stocks in developed nations ex-Australia. ASX VGS will pay 80.11 cents per unit in dividends.

The currency-hedged, version of VGS is Vanguard MSCI Index International Shares (Hedged) ETF (ASX: VGAD). VGAD ETF will pay a monster dividend of 234.31 cents per unit.

The Vanguard MSCI International Small Companies Index ETF (ASX: VISM) will pay a whopping great dividend of 323.31 cents per unit. The VISM ETF tracks the MSCI World ex-Australia Small Cap Index (with net dividends reinvested) in Australian dollars before fees.

Vanguard S&P 500 US Shares Index ETF (ASX: V500) tracks the US benchmark S&P 500 Index (SP: .INX) and will pay 11.80 cents per unit.

Vanguard FTSE Europe Shares ETF (ASX: VEQ), which tracks the FTSE Developed Europe All Cap Index (with net dividends reinvested) in Australian dollars, will pay 97.91 cents per unit.

The Vanguard Diversified High Growth Index ETF (ASX: VDHG) will pay cents per unit. This ASX ETF provides exposure to 16,000 ASX and international shares. VDHG ETF will pay 121.86 cents per unit.

Vanguard Ethically Conscious International Shares Index ETF (ASX: VESG) will pay 64.45 cents per unit. This ASX ETF tracks the FTSE Developed ex Australia Choice Index (with net dividends reinvested) in Australian dollars.

Monster dividends

The two biggest payers on Vanguard’s mid-year schedule of dividends are as follows.

Vanguard Global Minimum Volatility Active ETF (ASX: VMIN) is an actively managed ETF invested in about 200 global shares. The ETF aims to deliver lower volatility than the FTSE Global All Cap Index (AUD Hedged), before fees. VMIN ETF will pay a monster dividend of 409.57 cents per unit.

Vanguard Global Value Equity Active ETF (ASX: VVLU) is also actively managed, and targets global value stocks drawn primarily from the FTSE Developed All Cap Index and the Russell 3000 Index. VVLU ETF will pay the largest dividend of 626.68 cents per unit.

The post Own Vanguard ASX ETFs? Here is your next dividend appeared first on The Motley Fool Australia.

More reading

• 3 excellent ASX ETFs for easy buy and hold investing
• How to build a winning ASX portfolio with just 3 investments
• Which ASX ETFs are good options for a $1,000 investment?
• VAS vs VSO: Do small-cap stocks beat the ASX 300?
• 3 reasons why the VDHG ETF could be a top buy and hold investment

Motley Fool contributor Bronwyn Allen 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.

Goodman Group (ASX: GMG) shares have been relatively positive performers this year.

Since the start of the year, the industrial property giant’s shares have risen approximately 4%.

This compares favourably to a largely flat performance from the S&P/ASX 200 Index (ASX: XJO).

But what’s to come for this popular stock? Could it deliver double-digit returns over the next 12 months? Let’s see what analysts are saying.

Could Goodman shares deliver big returns?

The broker community is overwhelmingly positive on Goodman, with many brokers having the equivalent of buy ratings on its shares.

One of those brokers is Bell Potter, which has a buy rating and $35.50 price target on them.

Based on the current Goodman share price of $32.17, this implies potential upside of 10% for investors over the next 12 months. It recently commented:

While we do have some question marks visà-vis leasing progress, extension of timelines and associated impact on earnings mix and booking of profits, the moat around the haves and have nots for scaled data centre players appears to be widening, recognising the scale and complexity of execution. Post pull back, GMG trades at a discount to its 5yr PE vs. ASX200 avg (28% prem. vs. 52% 5yr avg) with forward customer signings a key driver.

Who else is bullish?

The team at Morgan Stanley is another bull. Earlier this week, the broker put an overweight rating and $36.15 price target on its shares. This suggests that upside of 12% is possible between now and this time next year.

Another broker that is positive is Morgans. It has a buy rating and $36.00 price target, which offers similar upside. It commented:

GMG’s 3Q26 update reinforced a deliberate strategy: deploy balance-sheet capital ahead of customer commitments to win the race for power-enabled metro data centre (DC) capacity. WIP is set to step from $14.5bn at Mar-26 to a record c.$18bn by Jun-26 (Consensus $17.7bn), with the power bank lifted to 6.4GW.

Operationally the update was mixed, with pre-committed share, production rate and Yield On Cost (YOC) all relatively flat hoh. The structurally important note was management’s view that industry DC capex requirements likely exceed global capital market funding capacity, a backdrop that favours those with secured power, sites and locked-in capital partners. FY26 OEPSg guided to ‘at least 9%’ (prior 9%; MorgansF 9.2%; Consensus 9.8%), marginally up.

Finally, the team at Citi has a buy rating and $40.00 price target on Goodman shares. This implies potential upside of approximately 24% for investors over the next 12 months.

The post Could Goodman shares rise more than 20%? appeared first on The Motley Fool Australia.

More reading

• Where to invest your Westpac dividends
• 8 ASX 200 shares with reaffirmed buy recommendations this week
• These ASX shares are riding the AI boom. Investors keep overlooking them
• The ASX investing strategy that could quietly make you rich
• New to investing? 3 ASX shares to set and forget until 2036

Motley Fool contributor James Mickleboro has positions in Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.