Category: Stock Market

The Sayona Mining Ltd (ASX: SYA) share price is ending the week on a high after the company announced the successful restart of the North American Lithium (NAL) project.  

The S&P/ASX 200 Index (ASX: XJO) lithium producer has a 75% stake in the Canadian project, with the other 25% held by Piedmont Lithium Inc (ASX: PLL).

Sayona Mining shares are currently trading for 21 cents apiece, 2.44% higher than their previous close.

Let’s take a closer look at today’s news from the ASX 200 lithium favourite.

Sayona Mining and Piedmont Lithium announce NAL restart

The Sayona Mining share price is in the green this morning on news the $80 million restart of the NAL project has been completed on time and on budget.

Sayona Québec, a subsidiary of Sayona Mining and Piedmont Lithium, bought the project in 2021.

It’s now expected to be the only major source of new spodumene production in North America for two years.

The ASX 200 company plans to ship 120,000 metric tons of spodumene from the project this year, supplying the likes of Tesla and LG Chem. Looking forward, the company is targeting 226,000 metric tons of annual production.

Production at the hydroelectricity-powered project will be supported by Sayona Québec’s Abitibi Hub projects.

Management commentary

Sayona Mining managing director Brett Lynch commented on today’s news, saying:

Our project team has maintained a forward-looking focus to improve lithium capture, achieve more consistent runtimes, and streamline operating costs from the past-producing operation.

Improvements were made as planned in our timeline and budget, and we are eager to see the impact the upgrades bring to both product quality and operational efficiency as we prepare for our first commercial shipments of spodumene concentrate expected in July of this year.

Piedmont president and CEO Keith Phillips added:

NAL is positioned to be a key contributor to the electric vehicle and battery supply chains as demand for lithium continues to rapidly expand along the electrification economies in both Canada and the US.

Sayona Mining share price snapshot

The Sayona Mining share price has outperformed the ASX 200 in 2023.

The stock has gained 10% so far this year.  However, it has tumbled 12.5% since this time last year.

For comparison, the ASX 200 has gained 3% year to date and has fallen 4% over the last 12 months.

The post Why is the Sayona Mining share price having such a stellar end to the week? appeared first on The Motley Fool Australia.

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More reading

• Piedmont Lithium share price surges 6% on ‘exciting milestone’
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Which ASX lithium shares could be at risk of a short attack?
• Here are the top 10 ASX 200 shares today

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 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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The BHP Group Ltd (ASX: BHP) share price had a volatile time during March 2023, yet, at the time of writing, the ASX mining share has managed to achieve a gain of 4%. That compares to the S&P/ASX 200 Index (ASX: XJO) which fell by around 1%.

As a reminder for readers, BHP is one of the world’s largest resource businesses, so movements in key commodity prices (such as iron) can have a large impact on the business.

Between the start of the month and 6 March 2023, the BHP share price actually went up by 7%. The ASX 200 only increased by 1% during that time, despite the sizeable influence that BHP has on the index due to its large market capitalisation.

Between 6 March and 20 March, the BHP share price dropped by 11.2%, which is a large decline over a relatively short amount of time for such a large business. Over that same time, the ASX 200 declined 5.9%.

Since that low up to the time of writing on 31 March 2023, the BHP share price has risen over 9% and the ASX 200 has gone up by 4%.

The ASX mining share‘s movements have been stronger than the index each time, but its healthier gains have meant that it is ending with a noticeably better return than the ASX 200.

What caused this volatility for the BHP share price?

Sometimes market movements can’t be explained. Each day, different buyers and sellers are involved in making decisions about what price they want to transact at. A bit of pessimism about something happening in the global market can influence which direction resource prices and ASX mining shares go. The banking crisis may have been a factor.

Reporting season was last month, which is when investors got an insight into how the business performed in the six months to 31 December 2022. But, the effects of the interim dividend were felt in March because the miner went ex-dividend, which I think explains some of the declines during the month.

Going ex-dividend means that on the ex-dividend date, new investors are not entitled to that imminent dividend.

With BHP shares, they went ex-dividend on 9 March 2023, and some investors may have been buying shares before the ex-dividend date to ensure their entitlement – pushing up the BHP share price.

In Australian dollar terms, the dividend is going to be $1.364. That dividend represented a 3% dividend yield if we use the valuation at the start of the month. So, the ASX mining share has managed to deliver that capital growth despite the headwind of going ex-dividend.

The commodity giant may also have felt the wave of investor uncertainty relating to the banking sector in the northern hemisphere after the collapse of Silicon Valley Bank (SVB) and the rushed takeover of Credit Suisse.

If there were widespread economic problems, then that could lower demand for resources. However, some of that uncertainty seems to be lifting with the BHP share price and global markets rising in the last couple of weeks.

Year-to-date snapshot

Since the start of the year, the ASX mining share has gone up by close to 4%.

The post Why did the BHP share price see-saw in March? appeared first on The Motley Fool Australia.

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More reading

• Why did the BHP share price have such a top run today?
• ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?
• The trimmed-down BHP dividend will be paid today. What’s next?
• Buy BHP and this ASX 200 mining share now: analysts
• BHP share price dips as coal mines catch attention

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.

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The EML Payments Ltd (ASX: EML) share price is ending the week in sensational form.

In morning trade, the embattled payments company’s shares are up 36% to 57 cents.

Though, as you can see on the chart below, this doesn’t hide the fact that the EML share price is still down approximately 80% over the last 12 months.

Why is the EML share price rocketing higher?

Investors have been buying this payments company’s shares on Friday after it released an update on its European operations and guidance.

In respect to its European operations, known as PFS Card Services Ireland, the news is not good. Management advised that the Central Bank of Ireland has decided that growth in total payment volumes for the period 31 March 2023 to 30 March 2024 will be restricted to nil% above annualised baseline volumes in 2022.

This is down from the central bank’s previous plan to restrict its growth to 10%. It made the move in response to disappointing remediation progress and the remaining “significant and ongoing deficiencies” in PFS Card Services Ireland’s anti-money laundering and counter-terrorism financing (AML/CTF) control framework.

As EML operates its European operations through this business, this is a bitter blow.

So why are investors buying shares?

The reason the EML share price is rising today is that the company has reiterated its FY 2023 guidance. That’s despite management previously warning that the above actions could impact its earnings.

The release reveals that it continues to expect revenue of $235 million to $245 million and underlying EBITDA of $26 million to $34 million.

The company also advised that it remains focused on engaging constructively with the Central Bank of Ireland, working to complete the remediation program, and ensuring all of the regulator’s concerns are addressed.

The post Here’s why the EML share price just rocketed 36% appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 300 directors who’ve each sold over $3 million of their company shares in a week

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 EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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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ASX dividend shares can be a great way for investors to generate passive income. If I had $2,000 to invest, there are a couple of names that I think look great value.

One of the great things about investing during times of market uncertainty is that not only are the investments being offered at a lower price, but the dividend yield is also boosted.

While dividends aren’t everything, they can provide a really good boost to the overall returns from shares. With that in mind, here are two I’ve got my eyes on that I’d split $2,000 between.

Metcash Ltd (ASX: MTS)

Metcash is a diversified supplier of food and drinks to independent retailers, and it has a hardware division.

Retailers the company supplies include IGA, Foodland, Cellarbrations, The Bottle-O, IGA Liquor, Porters Liquor, Thirsty Camel, Big Bargain Bottleshop and Duncans.

In hardware, Metcash owns the Mitre 10 and Home Timber & Hardware brands. It supports independent operators under the small format convenience banners Thrifty-Link Hardware and True Value Hardware, as well as a number of ‘unbannered’ independent operators. It also owns the Total Tools business.

Changes to shopping habits have led to an ongoing good performance for IGA’s food and liquor divisions. People are reportedly continuing to stick to neighbourhood shopping.

The hardware division has also performed well.

In terms of the dividend, the ASX dividend share looks to pay a target dividend payout ratio of around 70% of underlying net profit after tax (NPAT).

The Metcash share price has dropped around 20% since May 2022, putting the FY23 forecast dividend grossed-up dividend yield at 8.2%.

Adairs Ltd (ASX: ADH)

The Adairs share price has suffered a much larger decline in the short- and medium-term. It’s down around 30% from 1 February 2023 and is trading almost 60% lower from June 2021.

It’s not surprising that the business has gone through a lot of volatility. Households are unlikely to buy the same amount of furniture and homewares through an entire economic cycle. But, I don’t think it makes a lot of sense for investors to be as pessimistic as the share price decline suggests.

Remember, share prices should also reflect the potential long-term performance of a company, not just the next 12 months.

Adairs is a much bigger business than before COVID-19. Its acquisition of Focus on Furniture seems like a smart move – it gives Adairs more scale, enables Mocka to sell furniture in stores and can benefit from a national store rollout.

The ASX dividend share is looking to grow its membership numbers and upsize some Adairs stores (which are much more profitable). While this may not help short-term earnings, I think the company can generate better earnings in the long term.

I believe the fall of the Adairs share price makes it an excellent investment idea to consider at the current price of around $2 on a three-year investment timeline.

Commsec numbers suggest Adairs could pay a grossed-up dividend yield of 11.7% in FY23 and 15.6% in FY25. It’s priced at just 6x FY25’s estimated earnings.

The post I think these two ASX dividend shares are top buys with $2,000 in April appeared first on The Motley Fool Australia.

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More reading

• 4 ASX 300 directors buying up their company shares in the past week
• ‘Attractive numbers’: Expert names ASX dividend share to buy right now
• In search of deep value? I think these 3 ASX dividend shares could be a downright steal
• Dividend yields over 10%! Cheap ASX shares I’d buy for passive income
• I hope to retire rich. That’s why I’m buying cheap ASX dividend shares right now

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 positions in and has recommended Adairs. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool Australia has recommended Metcash. 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 Piedmont Lithium Inc (ASX: PLL) share price is charging higher on Friday morning.

In afternoon trade, the lithium developer’s shares are up 6% to 89.5 cents.

Why is the Piedmont Lithium share price charging higher?

Investors have been bidding the Piedmont Lithium share price higher today after the company released an update on the North American Lithium (NAL) project it jointly owns with Sayona Mining Ltd (ASX: SYA).

According to the release, the US$80 million restart of NAL has been completed on time and on budget, with commercial spodumene concentrate production now underway at the Canada-based project.

Management highlights that NAL is expected to be the only major source of new spodumene production in North America in the next two years. This means that its targeted annual production of 226,000 metric tons of spodumene is likely to be in-demand with end users when the first shipments begin.

Pleasingly, the company’s customers won’t have to wait long. The release reveals that the first commercial shipments are expected during the third quarter of the current calendar year.

‘An exciting milestone’

Piedmont’s president and chief executive officer, Keith Phillips, believes this is an exciting milestone for both companies and the North American market. He commented:

We applaud the work of the operating team in bringing the restart of NAL to fruition. This marks an exciting milestone not only for Piedmont Lithium and Sayona Mining, but the North American market for which we are working to supply critical lithium resources. NAL is positioned to be a key contributor to the electric vehicle and battery supply chains as demand for lithium continues to rapidly expand along with the electrification economies in both Canada and the U.S.

This sentiment was echoed by Sayona Mining’s managing director, Brett Lynch. He added:

Since announcing our restart intentions in 2021, our project team has maintained a forward-looking focus to improve lithium capture, achieve more consistent runtimes, and streamline operating costs from the past-producing operation. Improvements were made as planned in our timeline and budget, and we are eager to see the impact the upgrades bring to both product quality and operational efficiency as we prepare for our first commercial shipments of spodumene concentrate expected in July of this year.

The Piedmont Lithium share price is now up almost 18% since the end of last week.

The post Piedmont Lithium share price surges 6% on ‘exciting milestone’ appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Which ASX lithium shares could be at risk of a short attack?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday

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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If you want to generate passive income from ASX shares, you don’t have to start with a huge lump sum.

Making small contributions on a monthly basis has the potential to snowball into something significant in the future. This is because of the power of compounding, which is what happens when you earn returns on top of returns.

It explains why a 10% per annum return will turn $1,000 into $1,100 after one year and then $2,000 after just over seven years.

The good news is that a 10% return is achievable with ASX shares. In fact, it is largely in line with the average return that Australian shares have generated over the last 30 years according to Fidelity.

That’s despite the global economy going through numerous crises during this period such as the dot-com bubble bursting, the GFC, and COVID-19, to name just three.

And while nobody knows what will happen over the next 30 years, I don’t believe it is farfetched to expect similar returns. As a result, we are going to base our calculations on this expected return.

Building passive income on $100 a month

If you were to invest a modest $100 a month into ASX shares and generated an average 10% per annum return, you would grow your wealth to $40,000 after 15 years.

At that point, investors could switch their focus to income and sit back and count the dividends coming in.

For example, Goldman Sachs estimates that Westpac Banking Corp (ASX: WBC) shares currently offer a forward fully franked yield of 6.7%. Investing $40,000 into its shares would lead to a passive income of approximately $2,700 per year.

But why stop there? If you’re thinking longer term, then it would make sense to keep investing in order to grow your wealth further.

Let’s say that we were to do the same again: $100 a month for 15 years but with a starting balance of $40,000. If you were to continue to generate an average 10% per annum return, your portfolio would grow to be worth almost $210,000.

This time, Westpac’s shares would boost your passive income with dividends of approximately $14,000 per year.

Want even more?

Okay, let’s keep going to see what will happen in a further 15 years.

Ceteris paribus, your portfolio would grow to be worth almost $910,000 and your dividends would come to approximately $61,000. Not a bad passive income!

Interestingly, these dividends are actually more than the $54,000 you would have invested during the entire period.

I believe this demonstrates just how powerful compounding is and how investors can use it to their advantage to grow their wealth.

The post Start earning passive income with just $100 a month appeared first on The Motley Fool Australia.

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More reading

• Bought $9,000 of Fortescue shares in 2018? Here’s how much passive income you’ve pocketed
• ‘Very excited’: Why the Novonix share price is leaping 14% on Friday
• Liontown share price climbs as Albemarle continues loading up
• Hoping to bag the next Vanguard Australian Shares Index ETF dividend? You’d better hurry
• Keen to pocket the next Vanguard MSCI Index International Shares ETF dividend? Read this

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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. 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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No doubt, anyone who invested in Fortescue Metals Group Ltd (ASX: FMG) shares in March 2018 and held onto their stake would be pleased with their purchase.

The iron ore giant’s share price has rocketed nearly 400% since then.

Indeed, a $9,000 investment made exactly five years ago likely would have seen a buyer walk away with 2,078 Fortescue shares, paying $4.33 apiece.

Today, that parcel would be worth a whopping $44,905.58. The Fortescue share price last traded at $21.61.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has risen around 24% in that time.

And all that’s before we consider the dividends Fortescue has paid. Let’s take a look at how much passive income the materials goliath has provided since March 2018.

All dividends paid to those holding Fortescue shares since 2018

Here are the dividends Fortescue has delivered to investors over the last five years:

Fortescue dividend pay date	Type	Dividend amount
March 2023	Interim	75 cents
September 2022	Final	$1.21
March 2022	Interim	86 cents
September 2021	Final	$2.11
March 2021	Interim	$1.47
October 2020	Final	$1
April 2020	Interim	76 cents
October 2019	Final	24 cents
June 2019	Special	60 cents
March 2019	Interim and special	19 cents and 11 cents
October 2018	Final	12 cents
April 2018	Interim	11 cents
Total:		$9.53

Each Fortescue share has yielded a notable $9.53 of passive income over the last five years.

That means our figurative investment has provided a whopping $19,803.34 of dividend income over its life – marking a return on investment (ROI), including dividends and capital appreciation, of 619%.

And investors who reinvested those offerings likely experienced an even better return, thanks to the power of compounding.

Not to mention, all the dividends paid by the ASX 200 company in that time have been fully franked, meaning they might have provided tax benefits.

Right now, Fortescue shares offer a 9.07% dividend yield.

The post Bought $9,000 of Fortescue shares in 2018? Here’s how much passive income you’ve pocketed appeared first on The Motley Fool Australia.

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More reading

• Why did the BHP share price have such a top run today?
• Here are the top 10 ASX 200 shares today
• The latest Fortescue dividend is being paid today. Here’s what you need to know
• 5 things to watch on the ASX 200 on Wednesday
• Fortescue share price lifts on production update

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 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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The Novonix Ltd (ASX: NVX) share price is having a strong finish to the week.

In morning trade, the battery materials company’s shares are up 14% to $1.33.

Why is the Novonix share price shooting higher?

The catalyst for the rise in the Novonix share price this morning has been the release of a promising announcement.

According to the release, the company has signed an agreement to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (MENA) region.

TAQAT is a leading Saudi Arabian energy company. Novonix notes that it is a leader and innovator in the global energy market, and a key contributor to the economic growth and development of the MENA region.

The 40:60 joint venture is intended to utilise Novonix’s leading battery technology and capability to develop a graphite anode materials facility with capacity of 30,000 tonnes per annum. The project will be located in Saudi Arabia.

The company highlights that Saudi Arabia plans to electrify 30% of vehicles on its roads by 2030 and has launched its own electric vehicle brand, Ceer, to support this endeavour. Management believes its anode materials facility will help support a localised supply chain for the sector.

‘Very excited’

Novonix CEO, Chris Burns, commented:

I am very excited as to the possibilities that the joint venture presents to both of our companies. The joint venture will leverage NOVONIX’s existing work in North America and will allow us to more quickly scale our operations to extend our geographical reach to the global market.

We believe the joint venture will enhance our financial strength and profitability by both driving revenues and accessing cost competitive, quality feedstock for projects outside of North America. NOVONIX’s battery anode manufacturing expertise coupled with TAQAT’s anticipated strong financial support will help bring the first anode materials facility to Saudi Arabia.

The post ‘Very excited’: Why the Novonix share price is leaping 14% on Friday appeared first on The Motley Fool Australia.

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More reading

• Novonix shares will soon be booted out of the ASX 200. What might this mean for investors?
• These ASX shares are being dumped from the ASX 200 index this month
• 5 things to watch on the ASX 200 on Monday

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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The Liontown Resources Ltd (ASX: LTR) share price is pushing higher again on Friday.

In morning trade, the lithium developer’s shares are up 3% to $2.67.

This means the Liontown share price is now up 74% since the end of last week.

Why is the Liontown share price pushing higher again?

The Liontown share price is pushing higher on Friday after the company revealed that Albemarle has been increasing its stake.

After having its $2.50 per share non-binding takeover offer rejected earlier this week, the lithium giant has continued to snap up shares.

When the takeover approach was made, Liontown revealed that an Albemarle subsidiary, RT Lithium, had been buying shares and held ~2.2% of Liontown’s issued shares.

According to today’s update, Albemarle has notified the company that it has now almost doubled its relevant interest to ~4.3% of Liontown shares.

Not giving up

The release also appears to indicate that Albemarle is not happy with Liontown’s rejection of its takeover proposal.

The lithium giant has requested a copy of the Liontown share register. This is for the purpose of contacting Liontown shareholders about its proposal. It may be wanting to drum up support for its offer from retail shareholders.

For now, the Liontown board has advised that it will continue to keep shareholders appropriately informed. It also stressed that, as previously announced, the company has rejected the Albemarle proposal, therefore shareholders do not need to take any action at this time.

It would seem that this is very unlikely to be the end of the story.

The post Liontown share price climbs as Albemarle continues loading up appeared first on The Motley Fool Australia.

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• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
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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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Investors of all ages have been known to snap up the Vanguard Australian Shares Index ETF (ASX: VAS) for its broad exposure to the S&P/ASX 300 Index (ASX: XKO), as well as its dividends.

But you better get your skates on if you want a share of its upcoming payout. The exchange-traded fund (ETF) will trade ex-dividend on Monday.

That means, in order to get a piece of its upcoming quarterly offering, not-yet-investors need to jump on board today.

Units in the Vanguard Australian Shares Index ETF closed Thursday’s session at $89.05.

Let’s take a closer look at the ETF icon’s upcoming payment.

Vanguard Australian Shares Index ETF to trade ex-divided

Those invested in the Vanguard Australian Shares Index ETF have likely been pretty happy with their position so far this year. The fund has gained 3.8% year to date – roughly 1.3% more than the S&P/ASX 200 Index (ASX: XJO) has risen.

And that’s before considering the dividends.

It paid out 74.97 cents in January and is on track to pay an estimated 57.7 cents on 20 April.

Though, the market likely won’t learn the exact value of its upcoming dividend for another few days. The ETF typically provides that information on its record date, which falls on Tuesday.

Tuesday is also the last chance those invested in the ETF have to decide if they’ll make use of its dividend reinvestment plan (DRP). The plan allows investors to receive their dividends in the form of new units, rather than cash.

That can help bolster their holding in the fund without forking out any extra cash or paying brokerage fees.

According to Vanguard, the Vanguard Australian Shares Index ETF currently offers a 4.4% dividend yield. Of course, it doesn’t have much control over that.

The ETF aims to track the ASX 300. Thus, the dividends it pays out reflect those offered by its holdings.

Making up its three biggest holdings are market giants BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and CSL Limited (ASX: CSL), making up around 10.4%, 7.7%, and 6.5% of the fund respectively.

The post Hoping to bag the next Vanguard Australian Shares Index ETF dividend? You’d better hurry appeared first on The Motley Fool Australia.

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More reading

• No savings? Drip-feed $500 a month into ASX shares and aim to retire in comfort
• How much do I need to invest in ASX shares for $100 in weekly passive income?
• Does the fall in the Vanguard Australian Shares Index ETF share price make it a no-brainer buy?
• Help safeguard your retirement with this key Warren Buffett investment strategy
• Here are 3 ways to get passive income from ASX shares

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 positions in and has recommended CSL. 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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