S&P/ASX 200 Index (ASX: XJO) shares are 0.25% higher at 9,075.3 points on Thursday.

As earnings season continues, brokers have lowered their ratings on several ASX 200 shares this week.

Let’s see a sample.

BHP Group Ltd (ASX: BHP)

The BHP share price is $65.29, up 2.5% today and up 56% over 12 months. 

Morgans downgraded BHP shares after the miner’s FY26 report.

The broker lowered its 12-month price target from $59.80 to $55.30.

This suggests a potential 15% downside ahead.

Northern Star Resources Ltd (ASX: NST)

The Northern Star Resources share price is $23.99, up 6.4% today and up 32% over 12 months. 

Citi downgraded the ASX 200 gold share to a hold call after the miner’s FY26 report.

The broker has a price target of $24.30, indicating just a 1% upside over the next 12 months.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo share price is $1, down 1.8% today and down 45% over 12 months. 

Jarden downgraded the ASX 200 bank share to a sell rating after its FY26 report.

The broker has a $1.25 target, implying a potential 25% upside ahead.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is $4.25, up 2.4% today and down 82% over 12 months. 

Morgan Stanley downgraded the ASX 200 consumer discretionary share to a hold rating on Thursday.

This followed the online furniture retailer’s FY26 report.

The broker has a 12-month price target of $4.23, suggesting a 13% upside from here.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is $3.50, up 2.6% today and down 17% over 12 months. 

Bell Potter downgraded the ASX 200 consumer staples share to a hold call with a $3.60 target.

This followed the liquor and hotel operator’s unaudited preliminary results for FY26.

The target implies just 3% potential upside ahead.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price is $21.75, down 4% today and up 0.8% over 12 months. 

Jarden downgraded the ASX 200 financial share to a sell rating after the insurer’s 1H FY26 report.

The broker has a $20.30 target, indicating a 6% downside ahead.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is $7.50, down 0.7% today and up 17% over 12 months. 

Morgans downgraded the ASX 200 coal share from buy to hold after the miner’s FY26 report.

The broker reduced its 12-month price target from $8.50 to $8.05.

This implies a potential 7% upside ahead.

The broker said:

The effects of poor coal prices in the 1H provided a significant headwind for the full-year result.

FY27 guidance was softer than expected, with production growth appearing limited given the unchanged upper end of group guidance, while both costs and capital expenditure expectations have moved higher.

HomeCo Daily Needs REIT (ASX: HDN)

The HomeCo Daily Needs REIT is $1.15 per share, down 0.4% today and down 13% over 12 months. 

Jefferies downgraded the real estate investment trust (REIT) to a hold rating this week.

The change came after HomeCo’s FY26 report.

The broker lowered its price target from $1.44 to $1.30.

This suggests potential capital growth of 13% over the next year. 

Reliance Worldwide Corp Ltd (ASX: RWC)

The Reliance share price is $4.83, down 0.6% today and up 4% over 12 months. 

Jarden downgraded Reliance shares to a hold call after the company released its FY26 report and revealed a takeover offer of $4.75 per share.

The broker increased its target price from $4.25 to $4.75.

This implies a potential 8% upside ahead.

Imdex (ASX: IMD)

The Imdex share price is is $3.85, up 3.2% today and up 15% over 12 months. 

Imdex provides cloud-connected devices and solutions that help miners find, define, and mine ore bodies.

Bell Potter downgraded the ASX 200 materials share to a hold rating on Tuesday.

This followed Imdex’s FY26 report.

The broker reduced its 12-month price target from $4.60 to $4.

This suggest a potential 4% upside ahead.

The post 10 ASX 200 shares downgraded by analysts this week appeared first on The Motley Fool Australia.

More reading

• 7 ASX 200 shares with reaffirmed buy ratings this week
• My top 5 ASX 200 shares to buy and hold
• Why Megaport, Northern Star and Zip shares are turning heads on Thursday
• 2 ASX shares tipped to grow 40% or more in the next 12 months
• Here’s how experts view Whitehaven Coal and BHP shares after full-year results

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  Jefferies Financial Group and Temple & Webster Group. The Motley Fool Australia has recommended BHP, HomeCo Daily Needs REIT and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX telco Telstra Group Ltd (ASX: TLS) was one of the earliest shares to get out of the gate with its latest numbers this earnings season. Unfortunately, the market wasn’t kind to the telco when those earnings were made public on 13 August.

As we covered at the time, Telstra’s share price dropped a hefty 3.2% on earnings day, and, at $4.70 a share at the time of writing, is now down almost 6% from where it was at market close on 12 August.

Perhaps investors were expecting better than the 0.8% drop in revenues that Telstra revealed, or the 4.9% bump in underlying net profit after tax (NPAT) of $2.5 billion.

But most investors who own Telstra shares do so not for this telco’s growth potential, but for its dividend income firepower.

For its entire history as a public company, Telstra has been renowned for its fat, and usually fully franked dividends. It is considered one of the ASX’s most reliable income payers, and usually offers a yield at the top end of what most ASX blue chips can offer.

So today, let’s discuss what kind of yield one can expect from buying Telstra shares today.

Telstra shares: What kind of dividend yield is on the table?

So, over the past 12 months, Telstra has forked out two dividend payments. The first was last September’s final dividend worth 9.5 cents per share. That one came with full franking credits attached. The second was March’s interim dividend, worth 10.5 cents per share. For the first time in a long time (perhaps ever), that dividend only came partially franked at 90.48%.

This annual total of 20 cents per share in dividends gives Telstra the 4.26% yield we see the telco trading at today.

However, now that we know what Telstra’s final dividend for 2026 looks like, we can update that figure. Last week, Telstra announced that its next dividend would be worth 10.5 cents per share. That’s a coincidental 10.5% hike over 2025’s final dividend, bringing it in line with March’s interim dividend. Like the payout, though, this one will also come partially franked at 90.48%.

This new annual total of 21 cents per share in dividends means we can assign Telstra a forward dividend yield of 4.46%. However, that will only hold if Telstra’s next interim dividend at least matches the one we saw back in March. Given this company’s track record, that seems very possible. But nothing is ever certain on the ASX. Let’s see what happens next year.

The post Buying Telstra shares? Here’s the yield you’ll get today appeared first on The Motley Fool Australia.

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• How much could the Telstra share price rise in the next year?
• Reporting season half-time report: 5 lessons from August so far

Motley Fool contributor Sebastian Bowen 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 positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

It’s been an encouraging start to this Thursday’s trading for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 has advanced a confident 0.26% and is back over 9,070 points. Things aren’t so rosy for Fortescue Ltd (ASX: FMG) shares, though.

Fortescue is having a day to forget. At the time of writing, the big mining stock has retreated by 0.47% to $17.98 a share. That’s after closing at $18.06 yesterday.

It seems investors were not impressed by the miner’s latest earnings, which became public this morning before market open.

As we covered earlier today, there were still a few decent numbers in that report. For the 12 months to 30 June 202, Fortescue reported revenue growth of 9% to US$17 billion. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 9% to US$8.6 billion, while underlying net profits after tax (NPAT) were up 3% to US$3.5 billion.

But let’s talk about the latest Fortescue dividend. After all, many ASX investors own this miner purely for its dividend prowess, which has been formidable in the past.

What does the new Fortescue dividend look like?

So, this morning, Fortescue announced that its final dividend for 2026 would come in at 46 cents per share. As is almost always the case with this miner’s payouts, this payment will come with full franking credits attached. This latest final dividend represents a significant reduction (23.3% to be precise) from the 60 cents per share final dividend that investors enjoyed last year.

It means Fortescue will dole out a total of $1.02 per share in fully franked dividends in 2026, a 2-cent drop over the $1.04 that shareholders bagged over 2025. That was assisted mightily by the fact that the company’s interim dividend from March (worth 62 cents per share) was a hefty hike over 2025’s interim payout of 50 cents.

Fortescue has nominated 1 September as this latest payout’s ex-dividend date. So investors have until the close of trading on 31 August to secure Fortescue shares if they wish to receive this payout.

Payday will then roll around on 29 September next month. Fortescue is running its dividend reinvestment plan (DRP) too. So if eligible shareholders wish to receive additional Fortescue shares in lieu of the traditional cash payment, they have until 3 September to opt in to the DRP.

Right now, Fortescue shares are trading on a trailing dividend yield of 6.79%. However, now that we know what Fortescue’s next payout will look like, we can assign a lower forward yield of 5.67% to its shares.

The post Everything you need to know about the new Fortescue dividend appeared first on The Motley Fool Australia.

More reading

• Why is the Fortescue share price on a rollercoaster today?
• Fortescue hits new records in FY26: profit up, dividends flow
• How much passive income could I earn from a $630,000 superannuation balance?
• How much do I need in my superannuation to earn $50,000 per year in passive income?
• Reporting season half-time report: 5 lessons from August so far

Motley Fool contributor Sebastian Bowen 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.