Owners of Woolworths Group Ltd (ASX: WOW) shares have seen their dividends bounce around over the past decade or so. But, analysts think the supermarket business could have turned a corner and deliver consistent growth.

Woolworths’ dividend is funded by various segments, including its Australian supermarkets, New Zealand supermarkets, business-to-business (B2B) food suppliers, BIG W, Petstock and more.

Following a 15.4% rise of underlying net profit to $1.6 billion in FY26, Woolworths decided to hike its annual dividend per share by 15.5% to 97 cents.

If the company continues to deliver higher profits, the dividend is likely to continue rising. Let’s have a look at what analysts think could happen with the Woolworths dividend in the coming years.

FY27

According to the projection on Commsec, the supermarket business is forecast to increase its payout by 15% to $1.115 per Woolworths share in FY27. Time will tell whether the business can deliver that level of growth, but the start of the 2027 financial year certainly looked promising.

In the Australian supermarket segment, total sales grew by 7.6% in the first eight weeks of FY27. It said that sales momentum was further strengthened during the period of the Disney Ooshies program, which is estimated to have added between 1.5 to 2 percentage points of additional sales growth. This is the largest and most important division, so strong sales growth is significant for the overall company.

New Zealand food total sales increased by 4.2% in the first eight weeks of FY27, with improved momentum in the fourth quarter reflecting some benefit from Disney Ooshies.

The business also said that BIG W total sales declined “modestly” in the first eight weeks, reflecting ongoing cost-of-living pressures on households, particularly budget customers and weaker trade in the everyday business.

Woolworths expects customers to remain value-focused in the year ahead and it’s committed to limiting the impact of rising costs with low and dependable prices.

The company said it aims to be even more efficient, leveraging technology to be more productive in order to reinvest in itself.

Trading conditions are expected to remain subdued for New Zealand supermarkets and challenging for BIG W.

The projected payout for FY27 translates into a potential grossed-up dividend yield of 4.1%, including franking credits, at the time of writing.

FY28

We’ll see how future financial years play out for the wider economy, but analysts expect the business can continue its dividend growth in future years.

The forecast on Commsec suggests the business could hike its annual dividend per Woolworths share by 7.2% to $1.195 in FY28.

FY29

The earnings and dividend are projected to become even better in the last year of this decade.

The projection on Commsec suggests that the business could hike its annual dividend per share by another 8.1% to $1.292 per share in FY29. That suggests the grossed-up dividend yield could be 4.8%, including franking credits, by the end of the decade.

Hopefully the payouts are more defensive going forwards. But, it’s not the biggest dividend yield around, so there could be other ASX shares that offer better returns.

The post Here’s the dividend forecast out to 2029 for Woolworths shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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.

Atlas Arteria Group (ASX: ALX) shares are $3.82, up 0.4% today and down 20% over 12 months.

Atlas Arteria is a toll roads owner, operator, and developer.

The company owns five toll roads in France, Germany, and the United States.

This year, Atlas Arteria shares paid investors an unfranked annual dividend of 40 cents per share.

According to analyst predictions published on CommSec, Atlas Arteria is expected to pay 37 cents per share in 2027.

Based on today’s share price, that equates to a dividend yield of 9.7%.

That’s more than twice the average 4.2% yield delivered by the S&P/ASX 200 Index (ASX: XJO) last financial year.

How much is that in dividends?

If I bought $15,000 worth of Atlas Arteria shares today, I’d own 3,926 shares.

If the experts are right, and I were to receive 37 cents per share in dividends in 2027, that would equate to $1,452.62.

The experts have also provided a dividend prediction for 2028.

They expect Atlas Arteria shares to pay 44 cents per share in dividends.

On a $15,000 investment, that would give me $1,727.44 in dividends.

That equates to a dividend yield of 11.5%.

Do the experts recommend Atlas Arteria shares?

Atlas Arteria shares have paid 40 cents per share in annual dividends since 2022.

However, that doesn’t guarantee anything about the future.

Before you buy a stock for income, you have to do your research and feel satisfied that the dividend yield is sustainable long term.

Before you start that process, let’s take a look at some expert ratings on the stock.

Morgans has a hold rating on Atlas Arteria shares with a 12-month share price forecast of $4.74.

That implies about 24% potential upside ahead.

In a note, Morgans noted the possibility that IFM Investors might be back with another takeover offer.

IFM offered $4.75 per share in April, with a promise to increase it to $5.10 if its stake rose above 45% by the offer’s closing date.

The Atlas Arteria board rejected the offer.

The offer period closed in July, by which point IFM has increased its stake from 34.5% to 67.4%.

Citi also has a hold rating on Atlas Arteria shares with a 12-month target of $4.80, implying 26% upside ahead.

RBC Capital has a sell rating with a $3.60 target, suggesting a 6% downside ahead.

Macquarie gives Atlas Arteria shares a buy rating with a $4.75 target.

Atlas Arteria share price snapshot

The Atlas Arteria share price has fallen 20% over 12 months and 37% over five years.

The post If I invest $15,000 in Atlas Arteria shares, how much would I get in dividends? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. 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 positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares are down 0.6% to 8,677.3 points on Thursday.

Among the 11 market sectors of the ASX 200, consumer staples is in the lead today, up 1.3%.

The materials and mining sector is the laggard, down 1.6%.

Morgans has released some new notes and ratings for investors to consider.

Let’s take a look.

Megaport Ltd (ASX: MP1)

The Megaport share price is $19.76, down 6.2% today and up 33% over 12 months. 

Morgans has a buy rating and 12-month price target of $27 on this ASX 200 tech share. 

This implies a potential 37% upside ahead.

The broker said: 

MP1 recently raised its FY27 EBITDA guidance by 25%.

The compute and network businesses continue to deliver above expectations and MP1 announced three new AI infrastructure contracts with a Total Contract Value of ~A$1bn.

Collectively these set a glide path for annualised EBITDA in excess of $850m.

We upgrade our EPS forecasts materially. Our Target Price lifts to A$27 per share and we retain our BUY recommendation.

Bank of Queensland Ltd (ASX: BOQ)

The Bank of Queensland share price is $6.40, up 0.4% today and down 12% over 12 months. 

Morgans has a hold rating and 12-month price target of $6.40 on this ASX 200 financial share.

This suggests the bank stock is fully valued.

The broker said: 

We expect a mid-single digit decline in 2H26 earnings (ex notable costs).

Target price reduced to $6.40/sh, as the outlook for ROTE improvement moderates.

At current prices, total potential TSR is c.4.6% (including c.6.3% cash yield).

Hence, we moderate our BOQ rating from ACCUMULATE to HOLD.

Orica Ltd (ASX: ORI)

The Orica share price is $22.85, down 1.9% today and up 7% over 12 months. 

Morgans has an accumulate rating and 12-month price target of $26.52 on this ASX 200 materials share. 

This implies a potential 16% upside ahead.

The broker said: 

ORI has updated the market on its US AN sourcing, non-core land sale, recent acquisitions, cost out program and FY26 business performance. The important point is that the broader business continues to perform strongly, in line with its expectations.

ORI will report its FY26 result on 12 November.

We have trimmed our FY27 NPAT forecast by 3.6% reflecting increased AN sourcing costs in the US, more gradual recovery in Indonesia coal production, plant turnarounds and higher interest costs given the Deer Park sale isn’t going through.

We move to an ACCUMULATE rating with a revised price target of A$26.52.

The post Buy, hold, sell: Orica, Bank of Queensland, Megaport shares appeared first on The Motley Fool Australia.

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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 positions in and has recommended Megaport. 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.