Slack Technologies released its first quarter earnings report after hours on Thursday, beating on its top line. The company saw an added 12,000 net new paid customers and 90,000 net new organizations, but withdrew its guidance for the fiscal year of 2021 for calculated billing. Yahoo Finance’s Myles Udland breaks down the company’s results.
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Fortunately, in this low interest rate environment, the Australian share market is home to a good number of dividend shares that offer generous yields.
Two top ASX dividend shares that I would be buying right now are listed below. Here’s why I think they are top options for income investors:
If you can afford to be patient, then I think Sydney Airport would be a great dividend share to buy. The short term will be difficult the airport operator, but the crisis will pass and trading conditions will eventually return to normal. I believe this makes it worth considering a patient investment in the company’s shares. A recent note out of Goldman Sachs reveals that it expects travel markets to have recovered enough for the company to pay a 29 cents per share distribution in FY 2021. After which, the broker is forecasting a 37 cents per share distribution in FY 2022. This implies 4.75% and 6.05% distribution yields, respectively, over the next couple of years.
If you don’t have exposure to the banking sector, then I think it could be worth looking at the VanEck Vectors Australian Banks ETF. Instead of trying to decide whether to buy Commonwealth Bank of Australia (ASX: CBA) or one of the other big four banks for dividends, this exchange traded fund gives you a piece of them all. It also gives investors exposure to the regional banks and investment bank Macquarie Group Ltd (ASX: MQG) as well. Due to dividend suspensions, cuts, and cancellations, it is hard to forecast what its dividends will be. However, I’m confident the VanEck Vectors Australian Banks ETF will provide investors with a dividend yield of at least 5% in FY 2021.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. 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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