Category: Stock Market

S&P/ASX 200 Index (ASX: XJO) lithium shares have been the talk of the investing town for years now. The battery-making material is generally touted as critical for the future of energy security.

Interestingly, however, companies producing (or aiming to produce) the white metal appear far more popular with everyday investors than with the wealthiest among us.

That’s according to new data from investing platform Selfwealth Ltd (ASX: SWF).

Just over 1,200 portfolios housed on the platform are worth more than $1 million. That’s less than 1%.

And their top investments differ to those of the average portfolio in one particularly noticeable way: They own far fewer ASX 200 lithium shares.

Millionaire investors avoid ASX 200 lithium shares

Take a stab at the most popular ASX 200 share among all Selfwealth investors, by volume. I’ll give you a second to lock in a guess.

If you said Lake Resources NL (ASX: LKE), pat yourself on the back. It comes in as the top stock and the fourth most popular ASX investment overall, behind three exchange-traded funds (ETFs).

In second place is Core Lithium Ltd (ASX: CXO). Meanwhile, Pilbara Minerals Ltd (ASX: PLS), Sayona Mining Ltd (ASX: SYA), and Liontown Resources Ltd (ASX: LTR) are all found within the platform’s 20 most popular investments.

But what about the wealthiest 1% of investors?

Well, only one ASX 200 lithium share appears in the 20 most popular investments found within portfolios worth more than $1 million.

That is S&P/ASX 20 Index (ASX: XTL) giant Pilbara Minerals. The $14 billion ASX 200 lithium share holds the seventeenth spot among millionaires’ largest holdings.

So, what are Aussie millionaires investing in instead? Many appear to turn to ASX 200 blue chips, as my Fool colleague Tony reports.

The most popular ASX investment among the largest 1% of portfolios is Fortescue Metals Group Limited (ASX: FMG). Its iron ore peer BHP Group Ltd (ASX: BHP) comes in third place.

Big four banks Westpac Banking Corp (ASX: WBC), ANZ Group Holdings Ltd (ASX: ANZ), and Commonwealth Bank of Australia (ASX: CBA) also make the top 10.

The post Power portfolios: Millionaire investors shun ASX 200 lithium shares appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
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• Here are the 3 most heavily traded ASX 200 shares on Friday
• What’s the 5-year forecast for commodity prices and ASX 200 mining shares?
• Are Pilbara Minerals shares a ‘lower-risk’ ASX lithium buy right now?

Motley Fool contributor Brooke Cooper 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 Westpac Banking Corporation. 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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The BrainChip Holdings Ltd (ASX: BRN) share price has more than halved in the last year.

The artificial intelligence (AI) company’s share price has dropped 59% from $1.115 at market close on 13 May to its current share price of 45.5 cents. For perspective, the S&P/ASX All Technology Index (ASX: XTX) has risen nearly 12% in the same time frame.

Let’s take a look at what’s been weighing on the BrainChip share price.

What’s been going on?

A $5,000 investment in BrainChip shares 12 months ago would now only be worth $2,050 based on the company’s last closing price.

BrainChip shares appear to have tumbled amid multiple financial reports showing cash receipts far lower than the company’s market capitalisation.

In April, BrainChip shares tanked amid a quarterly update showing cash inflows of US$40,000. This was when Brainchip’s market cap was $804 million.

BrainChip also attracted considerable attention from short sellers in April and March, as my Foolish colleague James reported at the time.

However, early in March, BrainChip delivered some positive news to the market. The company launched its Akida platform. This technology drives edge devices for the Artificial Intelligence of Things (AIoT) solutions and services market.

Commenting on the new technology at the time, CEO Sean Hehir said:

This new generation of Akida allows designers and developers to do things that were not possible before on an Edge device. By inferring and learning from raw sensor data, we take a substantial step toward a cloudless Edge AI experience.

With this launch, we have significantly extended our competitive advantage in neuromorphic AI.

It was welcome news after BrainChip shares also fell in February. This was when the company revealed it delivered only US$250K in revenue in the second half of 2022. The company’s loss after tax was US$22.1 million.

Earlier, in January, the company’s share price dropped amid another quarterly update. BrainChip delivered cash receipts of US$1.164 million in the three months to the end of December. This compared to a market cap of $1.2 billion at the time.

In early December, BrainChip’s CEO sold 917,025 ordinary shares worth between $664,843 and $701,524. The company’s statement at that time said this was “for the purpose of meeting taxation obligation as a result of previous vesting of restricted stock units”.

In November, BrainChip director Antonio Viana sold 125,000 ordinary shares at 63 cents each for the same stated reason. Directors selling off shares can sometimes be a red flag for investors who like to see insider confidence in the company.

Meanwhile, in October, BrainChip shares also descended amid a quarterly update. The company reported cash receipts of only $118,000 in the September quarter, or $39,000 per month.

BrainChip share price snapshot

The BrainChip share price has slid 39% in 2023 so far.

In the past month, BrainChip shares have lost 3%. However, in the last week, the company’s share price has gained 15%.

The post $5,000 invested in BrainChip shares a year ago is now worth around $2000. What went wrong? appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea 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.

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It has been a disappointing period for Paladin Energy Ltd (ASX: PDN) shares.

Since the start of February, the uranium developer’s shares have lost 20% of their value to end Friday’s session at 66.5 cents.

This is despite a recent rebound, which has seen its share price rise 19% since falling as low as 56 cents in late March.

Are Paladin Energy shares now good value?

With some analysts suggesting that a bull market is starting for uranium, investors may be wondering whether its shares are good value.

Well, the good news is that one leading broker sees huge amounts of value in its shares at the current level. Though, it is worth noting that its recommendation comes with a speculative warning.

According to a recent note out Bell Potter, its analysts have a speculative buy rating and 99 cents price target.

Based on where Paladin Energy shares are currently trading, this implies potential upside of approximately 49% for investors over the next 12 months.

The broker commented:

PDN is in a good position leading into the restart of operations at Langer Heinrich Mine (LHM), with production largely covered for CY24 and CY25 we believe. Over 1HFY23 PDN executed three additional offtake contracts, with another awaiting finalisation. This, including the previously announced Duke contract and the offtake with JV partner Chinese National Nuclear Corp (CNNC), brings the total number of offtake parties to six.

In 2QFY23 PDN announced the improvement of payment terms and increase in offtake volumes with CNNC, which provides greater spot price leverage over CY24 & CY25 and speedier cash receival. Details pertaining to volumes of the four additional contracts will be released once the final contract is executed.

The post Down 20% since February, should I buy the dip on Paladin Energy shares? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
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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 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.

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Aristocrat Leisure Ltd (ASX: ALL) could be a must-buy ASX 200 share according to analysts at Goldman Sachs.

And with the gaming technology company’s half-year results on the horizon, the broker is urging investors to buy its shares before it’s too late.

What is Goldman saying about this ASX 200 share?

According to a note out of the investment bank this morning, its analysts have reiterated their buy rating and $45.70 price target. Importantly, the broker has also kept Aristocrat on its coveted conviction list.

These are the shares that Goldman feels have a combination of big potential returns and a high likelihood of realising this potential. It said:

Based on the current Aristocrat share price of $38.69, this implies potential upside of 18.1% for investors over the next 12 months. And if we throw in the expected 2% dividend yield, the total potential 12-month return stretches beyond 20%.

Why is the broker so bullish?

Goldman has been looking at how this ASX 200 share’s rivals have been performing and believes it points to a strong first-half in the key Americas region. It said:

Key listed gaming peers in the US have reported 1Q23 results across the land-based space over the past couple of weeks. Common themes across all results were continued strength in topline growth and shipments, i.e. flagging strong industry growth for the quarter, except where company specific factors were in play. For ALL, we expect the Americas division to report c. 18.2% growth yoy for 1H23.

And while the broker acknowledges that there are some short-term concerns over the performance of its Pixel United (digital) business, it isn’t enough to put Goldman off. Particularly given its diverse business and attractive valuation. It concludes:

Feedback from recent investor conversations shows that there remains strong interest in the name, especially on the iGaming opportunity, although there remains divided opinions on how quickly this becomes a meaningful part of the business. Outlook for Pixel United continues to be the key area of concern for investors.

We view ALL as offering the most diversified growth opportunities in the ANZ Gaming space with a strong balance sheet and at attractive valuation multiples. We are Buy rated (On CL) on ALL with a 12m Target Price of A$45.70 and offering a total return of +20.6%.

The post Buy this ASX 200 share for a 20% return before it’s too late: Goldman Sachs appeared first on The Motley Fool Australia.

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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 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.

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CSL Limited (ASX: CSL) shares are backed by some of the biggest ASX companies in Australia.   

The ASX healthcare share is a biotech giant with a market capitalisation of around $145 billion according to the ASX.

It has done incredibly well for long-term shareholders. Over the past decade, the CSL share price has risen by around 400%. Plus its (relatively small) dividends boost the 10-year return even more.

Despite CSL now being a large company, some of the ASX’s biggest businesses also hold a sizeable position in the healthcare giant, which may suggest they’re confident about its future.

Which ASX companies own CSL shares?

There are four names within the twenty largest shareholders that I’m going to tell you about: Netwealth Group Ltd (ASX: NWL), Australian Foundation Investment Co Ltd (ASX: AFI) (AFIC), Argo Investments Limited (ASX: ARG), and Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

Argo and AFIC are two of the ASX’s largest and oldest listed investment companies (LICs). They focus on ASX blue chip shares that can provide a mixture of dividends and capital growth.

At the end of April, CSL shares were the third largest position in the AFIC portfolio, with an 8.1% weighting. CSL was also the third largest position in the Argo portfolio, with a 5.2% holding at the end of April.

Soul Pattinson is the largest investment business on the ASX, with part of its investment strategy focused on large ASX shares. Of its large-cap portfolio, worth $2.9 billion at 31 January 2023, CSL was the third-largest holding with a 6.6% weighting.

Netwealth is slightly different to the other three ASX companies I’ve mentioned. It’s a fintech business that offers ‘wrap’ services for self-managed super funds (SMSFs) and high net worth clients where they can manage their investments (including buying and selling).

It seems Netwealth holds these CSL shares on behalf of other investors, rather than a Netwealth fund manager deciding to become one of the largest CSL shareholders.

Could the biotech giant keep delivering healthy returns?

As I mentioned above, the CSL share price has done very nicely over the last decade. The past five years have been solid, with a rise of around 70% as we can see on the chart below. That’s despite the impacts of the COVID-19 pandemic.

The dividend has also grown from around $1.05 per share in 2013 to $3.18 per share in 2022.

Estimates on Commsec suggest the ASX healthcare share is expected to grow its profit and dividend over the next few years. Certainly, this could be helpful support for the CSL share price.

Using FY23 projections, it’s valued at 38 times FY23’s estimated earnings and could pay a dividend per share of $3.42.

Over the next two years to FY25, it could grow profit by 46%. This would mean the CSL share price is only valued at 26 times FY25’s estimated earnings.

With the business pumping billions of dollars into research and development, it could continue to grow earnings as it launches new health products for patients and healthcare institutions.

The post 4 ASX companies that own CSL shares (and lots of them!) appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Netwealth Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Netwealth Group and Washington H. Soul Pattinson and Company Limited. 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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When a quality company with excellent long-term prospects is having some short-term issues, it’s a time to buy.

Shaw and Partners portfolio manager James Gerrish, in his Market Matters newsletter, identified exactly such an ASX stock this week.

“We’ve been flagging diversified metals and mining company South32 Ltd (ASX: S32) for a number of weeks, following their weaker-than-expected quarterly production update in April.”

Short-term wobbles, long-term strength

Indeed the South32 share price tumbled 9% in just a few hours on 24 April after it downgraded guidance.

Production fell across the board in the March quarter after unfavourable weather impacted some of its operations.

The stock for the metals miner has fallen almost 8% over the past 12 months.

Gerrish’s team isn’t letting that impact its longer-term view of the mining sector.

“Recession fears are building, which is putting pressure on the miners,” he said.

“We like the stock, and the pieces of the puzzle are starting to come together for us to increase our exposure to resources, a plan we’ve held for months but have remained patient to date.”

Arguably the best feature about South32 shares is the 8% dividend yield, which is fully franked.

Gerrish’s Shaw and Partners colleague Jed Richards agreed with his bullishness.

“The recent share price retreat represents a buying opportunity, as South32 offers an appealing mix of raw material and base metal exposures,” Richards told The Bull.

“China re-opening its economy should boost commodity prices.”

This is when you pounce

Gerrish predicted that the dividend yield would remain solid in the coming period.

“South32 currently trades on an estimated PE of 9.5x for 2023, plus it’s also forecast to yield more than 5% over the next 12 months,” he said.

“In our opinion, S32 gives an excellent diversified resources exposure without the huge exposure to iron ore which comes with both BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO).”

The team at Market Matters would buy up South32 shares as soon as it hits a particular sweet spot.

“We are looking to accumulate South32 into any weakness under $4.”

The South32 share price closed Friday at $4.02.

The post Stay alert! Expert urges buying this ASX dividend stock as soon as it dips below $4 appeared first on The Motley Fool Australia.

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• Analysts name 2 strong ASX 200 dividend shares to buy
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Motley Fool contributor Tony Yoo 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.

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At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Flight Centre Travel Group Ltd (ASX: FLT) continues its long run as the most shorted ASX share after its short interest rose slightly to 11.8%. Short sellers aren’t giving up on this one despite a recent trading update coming in strong. Revenue margin headwinds appear to be the chief concern of short sellers.
• Zip Co Ltd (ASX: ZIP) has short interest of 10.25%, which is down week on week. Profitability and regulatory concerns seem to be behind this.
• Core Lithium Ltd (ASX: CXO) has short interest of 8.8%, which is down week on week. Short sellers will be frustrated to have seen this lithium miner’s shares rocket higher last week after further M&A activity in the industry.
• Jervois Global Ltd (ASX: JRV) has 8.6% of its shares held short, which is down week on week. The suspension of the final construction of the Idaho Cobalt Operations has hit this company’s shares hard.
• Sayona Mining Ltd (ASX: SYA) has seen its short interest ease to 8.5%. Sayona Mining’s shares also rose strongly last week amid further lithium M&A activity.
• Pointsbet Holdings Ltd (ASX: PBH) has 8.45% of its shares held short, which is up slightly week on week. Short sellers appear concerned by this sports betting company’s huge cash burn in a highly competitive industry.
• Lake Resources N.L. (ASX: LKE) has 8% of its shares in the hands of short sellers, which is down since last week. An almost 20% gain last week by this lithium developer’s shares will have been hard for short sellers to take.
• AMA Group Ltd (ASX: AMA) has 7.7% of its shares held short, which is down week on week. This smash repair company’s balance sheet is in a very precarious state.
• Temple & Webster Group Ltd (ASX: TPW) has seen its short interest ease to 7.6%. Traders appear to believe the housing market downturn and a return to offline shopping could mean this online retailer underperforms.
• Megaport Ltd (ASX: MP1) has seen its short interest fall again to 7.4%. Short sellers have been closing positions since this network as a service company released a very positive trading update and guidance.

The post Here are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
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• Here are the top 10 ASX 200 shares today
• Why Allkem, Core Lithium, Graincorp, and Omni Bridgeway shares are racing higher
• Here are the 3 most heavily traded ASX 200 shares on Thursday

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 positions in and has recommended Megaport, PointsBet, Temple & Webster Group, and Zip Co. The Motley Fool Australia has recommended Flight Centre Travel Group, Megaport, PointsBet, 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.

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The Technology One Ltd (ASX: TNE) share price could be great value ahead of its results release later this month.

That’s the view of analysts at Bell Potter, which have just upgraded the ASX 200 tech share to a buy rating from hold.

According to the note, the broker now has a buy rating and improved price target of $17.00 on the enterprise technology provider’s shares.

So, with the Technology One share price currently fetching $14.88, this implies potential upside of 14% over the next 12 months.

Why is the broker bullish on this ASX 200 tech share?

The note reveals that Bell Potter is expecting Technology One to release a strong result later this month when it provides its half-year update.

Bell Potter expects the following to be reported:

Total revenue up 14% to $196.6m; PBT up 17% to $49.9m; PBT margin up from 24.7% in 1HFY22 to 25.4% in 1HFY23; and interim dividend up 10% to 4.62c (60% franked).

The broker also highlights that the company’s annualised recurring revenue (ARR) will be a key focus. Pleasingly, it is expecting very strong growth in this key metric. It adds:

Key focus for us, however, will be on total ARR which we forecast to grow by 21% to $350m at the end of H1 and such a result will make the $500m+ target by the end of FY26 look very achievable if not conservative.

Why should you invest?

Bell Potter believes this positive medium term outlook makes this an ASX 200 tech share to buy now. Particularly given its belief that management will be forced to upgrade its guidance in due course. It explains:

We also continue to forecast total ARR of $385m, $452m and $535m at the end of FY23, FY24 and FY25. That is, we already forecast Technology One will achieve its $500m+ total ARR target in FY25 and hence why we expect the company to bring forward this target by a year at some stage this calendar year.

The post Why Bell Potter just upgraded this ASX 200 tech share appeared first on The Motley Fool Australia.

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More reading

• TechnologyOne share price rises on cyber incident update
• ASX 200 stock Technology One halted following cyber attack

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 positions in and has recommended Technology One. The Motley Fool Australia has recommended Technology One. 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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Let us prepare for another eventful week for ASX shares with the three most critical things to monitor, according to eToro market analyst Josh Gilbert:

1. Xero full-year report

Thursday sees New Zealand accounting software provider Xero Limited (ASX: XRO) release its full-year results.

Gilbert noted Xero shares have phenomenally gained more than 30% so far in 2023.

“Despite this positive start to the year, Xero’s share price remains below its peak of $155 during the 2020-2021 tech boom,” he said.

“The upcoming full-year results announcement holds significant importance for investors, as they hope it will help reignite the shares and push them towards previous highs.”

A new chief executive, Sukhinder Singh Cassidy, started at Xero in February.

“She has outlined a strategy to reduce operating costs and drive profitability, which will be the focal point of the upcoming full-year results, particularly after earnings missed expectations in its half-year results and its net loss widened,” said Gilbert.

“The market believes that the new CEO’s focus on profitability will pay off, expecting to report a net profit of $3 million for the full year — with revenues climbing by 28%.”

2. RBA minutes

After taking a rest in April, the Reserve Bank resumed its interest rate hiking cycle this month. 

The release of the board minutes this week will provide an insight into its thought process.

The worry for ASX shares is whether the central bank will continue with its hawkish attitude.

“If the board continues to signal the possibility of ‘further tightening to monetary policy’, it may lead to market weakness since the market is now pricing in rate cuts by October,” said Gilbert.

“However, any shift in language to hint that the end of the rate hikes could be in sight will be well received by the market.”

The Reserve Bank has an unenviable job trying to maintain a delicate balance.

“The RBA will walk a fine line between outlining that previous tightenings will begin to have their effect whilst still signalling that inflation is still too high,” Gilbert said.

“If the RBA gives an inch, the market will take a mile.”

3. Chinese giants due to report financials

Gilbert reckons investors will be looking to the latest numbers from a couple of tech giants in the second-largest economy in the world and Australia’s largest trading partner.

Tencent Holdings Ltd and Alibaba Group Holding will hand down quarterly earnings on Wednesday and Friday, respectively.

“Expectations are low… Alibaba’s sales growth is set to come in under 3%, and Tencent will still report single-digit growth, a stark contrast from the years of 20%+ revenue growth,” said Gilbert.

But the recent reporting season in the United States showed that low expectations could trigger upside stock price surprises.

“Despite plenty of optimism from the re-opening in China, consumers are still reluctant to spend with worries over an uncertain economic outlook, and that hasn’t lived up to expectations that stocks priced in at the start of the year.”

The post 3 things ASX investors should watch this week appeared first on The Motley Fool Australia.

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More reading

• 3 compelling reasons to buy Xero shares right now
• ‘High growth rate’: 2 ASX tech shares you need to look at right now
• 2 exciting ASX growth shares I’d buy and hold to 2030
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Motley Fool contributor Tony Yoo has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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There are a lot of ASX 200 dividend shares to choose from, but two that could be strong picks right now are listed below.

Here’s why analysts believe these could be the dividend shares to buy now:

South32 Ltd (ASX: S32)

The first ASX 200 dividend share that could be a buy is diversified miner South32.

Goldman Sachs is a fan of the company for a number of reasons. These are its attractive valuation, improving free cash flow outlook due to higher production and commodity prices, and potential upside from base metal growth projects.

Its analysts are expecting this to underpin fully franked dividends of 12 US cents per share in FY 2023 and then 28 US cents per share in FY 2024. Based on the current South32 share price of $4.02 and the latest exchange rates, this will mean yields of 4.5% and 10%, respectively.

Goldman Sachs also sees decent upside for its shares with its buy rating and $4.80 price target.

Transurban Group (ASX: TCL)

Another strong ASX 200 dividend share to consider buying is Transurban.

It is one of the world’s leading toll road operators with a collection of important roads across several locations.

After struggling through the pandemic, Transurban has bounced back strongly and its roads are thriving again. In fact, it recently revealed record volumes during the first half of FY 2023. This bodes well for the future, as does its development pipeline and inflation-linked price increases.

UBS is a fan of the company and has a buy rating and $15.45 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 57 cents in FY 2023 and then 61 cents in FY 2024. Based on the current Transurban share price of $14.84, this will mean yields of 3.8% and 4.1%, respectively.

The post Analysts name 2 strong ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• 5 ASX shares I’d buy for a US recession
• Invested $4,000 in South32 shares 5 years ago? Here’s how much passive income you’ve earned
• Top defensive ASX shares to buy in May 2023
• South32 share price slumps amid ‘important’ US milestone
• ‘Buying opportunity’: 2 ASX 200 mining shares ripe to snap up now

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 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.

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