Category: Stock Market

In this era of very low interest rates, it’s no wonder that investments that have higher yields might be interesting to some investors. This article is about two ASX dividend shares.

There are some ASX dividend shares that have relatively high dividend yields.

Just because a company pays a dividend doesn’t automatically make it worth owning. However, these two may be particularly interesting over the coming years:

Nick Scali Limited (ASX: NCK)

Nick Scali is one of the largest furniture retailers across Australia and New Zealand.

At the time of the FY21 result, it had 61 showrooms. The company continues to assess new opportunities in line with its long-term network target of 85 showrooms.

The business is also looking to grow with online sales. In FY21, its online written sales orders were $18.3 million, compared to $3 million in FY20. The earnings before interest and tax (EBIT) contribution from the online channel was $8.8 million compared to $0.6 million in FY20.

In FY21, its total sales grew 42.1% to $373 million, whilst underlying net profit after tax (NPAT) doubled to $84.2 million.

The ASX dividend share paid a full year dividend of $0.65 per share. That equates to a trailing grossed-up dividend yield of 6.4%.

Nick Scali is rated as a buy by Citi, with a price target of $16.80. One of the reasons for the broker’s positivity about the business is its recent announcement that it’s buying Plush. In FY21, Plush made $160 million of revenue with underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $27 million.

Citi thinks the Nick Scali share price is valued at 16x FY23’s estimated earnings with a FY23 grossed-up dividend yield of 6.7%.

Centuria Industrial REIT (ASX: CIP)

This ASX dividend share is a real estate investment trust (REIT) that owns a portfolio of industrial properties. Indeed, it aims to be Australia’s leading domestic pure play industrial REIT.

Its goal is to deliver income and capital growth to investors.

The portfolio is diversified by geography, sub-sector, tenants and lease expiry. The sectors it’s invested in are: manufacturing, distribution centres, transport logistics, data centres and cold storage. Centuria Industrial REIT currently has around 75 properties, with a portfolio occupancy of 97.4% and a weighted average lease expiry (WALE) of nine years.

It’s regularly expanding the portfolio. For example, it recently settled on the $200 million acquisition of a distribution centre at 56-88 Lisbon Street, Fairfield, New South Wales.

In FY22, it is expected to generate funds from operations (FFO) per security of at least 18.1 cents. The ASX dividend share is expected to pay a distribution of 17.3 cents per unit in FY22 – that translates to a forward distribution yield of around 4.6%.

The manager of Centuria Industrial REIT, Jesse Curtis, said:

Centuria Industrial REIT continues to benefit from macro trends that increase demand for last mile industrial space within close proximity to large population catchments. Centuria Industrial REIT’s industrial portfolio is skewed towards these infill markets where increased tenant demand and limited supply opportunities is driving upward pressure on market rents.

It’s currently rated as a buy by the broker Macquarie Group Ltd (ASX: MQG), with a price target of $4.22. In FY23, Macquarie thinks the ASX dividend share will pay a distribution of 18.40 cents per unit. That would be a yield of 4.9%.

The post 2 high-yielding ASX dividend shares – Saturday appeared first on The Motley Fool Australia.

More reading

• 2 quality ASX dividend shares with 4%+ yields
• Why Afterpay, Austal, Baby Bunting, & Nick Scali shares are storming higher
• Why De Grey Mining, Gold Road, Nick Scali, & Redbubble shares are racing higher
• Nick Scali (ASX:NCK) share price jumps 12% on $103m Plush acquisition
• 2 ASX dividend shares with BIG yields

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 owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The two ASX shares in this article could be compelling opportunities to consider.

Some businesses are rated as buys by analysts at brokerage outfits. Those brokers are always on the lookout for opportunities.

There are some businesses that grew profit significantly over FY21 and have plans to grow further over the long-term.

Here are two ASX shares that could be ideas to think about:

City Chic Collective Ltd (ASX: CCX)

City Chic is a retailer that sells plus-size clothes, footwear and accessories for women.

It has a number of operating businesses for different segments and geographic regions of the market. Names include City Chic, CCX, Avenue, Evans, Fox & Royal, Hips & Curves and Navabi.

The idea of all these brands is to grow in the global plus-size market. Management believes there’s still plenty of growth potential in the USA, UK, EU and Canada with its current product stream.

The ASX share said that the average annual spend in plus-size is currently materially less than the rest of the women’s apparel market and there are increasing rates of plus-size women globally. Current online sales represent around 25% of total plus-size sales globally. The company said there is strong forecast growth in online channels in the global plus-size market.

City Chic is growing organically and through acquisitions, such as Evans in the UK.

In FY21, the business generated sales revenue growth of 32.9%, whilst underlying net profit grew 80.6%. Online sales grew 49.3% and represented 73% of total sales.

Morgan Stanley rates the ASX share as a buy, with a price target of $6.65. It thinks it can win market share from competitors.

Metcash Limited (ASX: MTS)

Metcash is a business that operates across three pillars – food, liquor and hardware.

It’s the largest supplier to independent supermarkets in Australia. Metcash supplies over 1,600 stores including IGA and Foodland. In liquor, it is the second largest player in the market, supplying around 90% of independent liquor stores in Australia such as IGA Liquor, Bottle-O and Cellarbrations. The ASX share is also the second largest player in the Australian hardware market, with the Mitre 10 and Home Timber & Hardware businesses.

Metcash also recently increased its ownership of Total Tools from 70% to 85% for an acquisition cost of $59.4 million. Total Tools is the largest professional tools network in Australian with 90 bannered stores.

The ASX share says that Total Tools has “significant growth opportunities”. Growth plans includes expansion of the store network and the acquisition of an ownership interest in some stores.

Metcash says that it has a strong focus on shareholder returns. It has recently increased its target dividend payout ratio from 60% to 70% of net underlying profit after tax, together with an announced off-market buy-back of $200 million.

In the first 16 weeks of FY22, food sales growth slightly reversed as it’s now cycling against strong sales in FY21.

However, liquor and hardware sales continue to rise in FY22, with growth of 9.5% and 16.3% respectively. Metcash said that trade sales continued to be strong, buoyed by a high level of residential construction and renovation activity.

The broker UBS currently rates Metcash as a buy, with a price target of $4.60. UBS believes that the Metcash share price is valued at 17x FY23’s estimated earnings.

The post Compelling opportunities: 2 quality ASX shares to consider appeared first on The Motley Fool Australia.

More reading

• Why this supermarket is outperforming the Woolworths (ASX:WOW) share price lately
• Metcash (ASX:MTS) share price struggles as CEO steps down
• 2 ASX shares that may be worth researching this weekend
• Up 116% in a year, is the City Chic (ASX:CCX) share price good value?
• 2 ASX 200 shares that could be buys for dividends

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 Bruce Jackson.

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The last two and half months have been largely uneventful for the Afterpay Ltd (ASX: APT) share price.

Since the initial reaction to agreeing to be acquired by Square (NYSE: SQ) on 2 August, the buy now pay later (BNPL) provider’s shares have traded largely flat and ended last week at $126.00.

Could the Afterpay share price reach $150 by the end of 2021?

As I alluded to above, Afterpay is in the process of being acquired by US payments giant Square.

And unlike a takeover with a fixed dollar price, this takeover is an all-scrip deal. This will see Afterpay shareholders receive a fixed exchange ratio of 0.375 shares of Square Class A common stock for each Afterpay share they hold.

This means that the Afterpay share price is intrinsically linked to the Square share price between now and the transaction completion. If the latter rises, so too does the former. And vice versa if Square’s shares fall.

So if the Afterpay share price is going to climb to $150.00 by the end of the year, the Square share price is going to have to get moving.

Bullish broker

The good news for Afterpay shareholders is that one leading broker is bullish on Square. That broker is Jefferies.

According to a note from earlier this month, courtesy of CNBC, its analysts have commenced coverage on the company with a buy rating and US$300 price target.

Jefferies analyst Trevor Williams has called Square a “must-own” stock, noting that its increasingly popular Cash App is “the leader within the crowded neobank category” with “40 million monthly active users that are already highly engaged.”

In addition, the broker appears to be a fan of the proposed acquisition of Afterpay.

Williams commented: “So we just think the inherent advantage of a scaled user base and a track record of demonstrated innovation in the cash app really position it well over the longer term. And then when you plug in the benefits of Afterpay, we think the positive flywheel effect there is only going to accelerate over the coming years.”

What does this mean for Afterpay shares?

Based on current exchange rates and the fixed exchange ratio of 0.375 shares, if the Square share price were to reach Jefferies’ price target of US$300, it would imply a takeover price of $150 per Afterpay share.

All in all, this indicates that there is potential for the Afterpay share price to be trading at that level by the end of the year.

Though, it is worth noting that shares usually trade at a discount to the takeover price to account for uncertainty. As a result, Square’s shares may need to trade a little beyond Jefferies’ price target to make this a reality.

The post Could the Afterpay (ASX:APT) share price hit $150 by the end of 2021? 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. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Could the Newcrest Mining Limited (ASX: NCM) share price rise to $32 before the end of the calendar year?

One broker thinks that the Newcrest Mining share price could rise to $32 over the next 12 months. That is where the broker calculates a price target, where analysts think the share price will be in 12 months. So, not necessarily where the broker thinks the business will be by the end of the year.

Credit Suisse has a price target of $32 on the gold miner.

Why is Credit Suisse confident on the Newcrest Mining share price?

The broker is attracted to the potential of Newcrest Mining to lift its production over the coming years, whilst simultaneously reducing its expenses.

Newcrest Mining said in a presentation a couple of weeks ago that the pre-feasibility study (PFS) for the Red Chris asset showed it has potential to become a world class, long life mine. It also said it can have substantial low-cost gold and copper production growth in a tier 1 jurisdiction. It also said there would be negative cost for gold production from the Block Cave after accounting for copper credits.

The initial ore reserve estimate is 8.1 million ounces of gold and 2.2 million tonnes of copper.

Other details from the presentation

Newcrest said in a presentation that the indicative base case copper production profile to 2030 is going to grow by 37%. It’s expected to reach more than 175kt per annum in FY30. Management said that copper growth advances Newcrest’s ESG (environmental, social and governance) objectives and allows participation in decarbonisation opportunities.

Regarding gold, by 2030 Newcrest Mining said it has a “strong” base case gold production of approximately 2 million ounces per annum, assuming execution of the PFS projections, but before any potential expansions or upside.

All four organic growth options for Newcrest – Cadia, Red Chris, Havieron and Lihir – have PFS that are estimated to deliver an internal rate of return of 16% or higher. It also projected that the group all-in sustaining cost (AISC) could fall by more than 50% from current levels by FY30. This could help increase the Newcrest Mining share price over time.

Newcrest also said that there is significant upside potential, with “growth optionality beyond stage 1 project parameters as well as exploration upside”.

The intention of Newcrest Mining is to fund all four projects through operating cash flow and existing liquidity.

The first production of gold and copper at Red Chris Block Cave is expected to be FY27 and for Havieron in the second half of FY24. The Lihir Phase 14A is expecting first ore in the fourth quarter of FY22.

What is the Credit Suisse valuation on the Newcrest Mining share price?

Based on the projected numbers, Newcrest Mining shares are valued at 22x FY22’s estimated earnings and 20x FY23’s estimated earnings.

If the broker is right about Newcrest Mining’s price target, then its shares could go up by almost 30% in the year ahead.

The broker also thinks that the gold miner could pay an annual dividend of around 20 cents per share in FY22.

The post Can the Newcrest (ASX:NCM) share price hit $32 by the end of 2021? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to buy next week

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 Bruce Jackson.

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Last week was a good one for the S&P/ASX 200 Index (ASX: XJO). The benchmark index climbed 53.5 points or 0.7% to end the period at 7,415.5 points.

While a good number of shares pushed higher, some climbed more than most. Here’s why these were the best performing ASX 200 shares last week:

Nuix Ltd (ASX: NXL)

The Nuix share price was the best performer on the ASX 200 last week with an 18.2% gain. Strangely, the majority of these gains were made during the first four days of the week on no news, with only a small portion coming on Friday after the release of a major announcement. That announcement revealed the appointment of Jonathan Rubinsztein as the investigative analytics and intelligence software provider’s new CEO and Executive Director. Mr Rubinsztein recently resigned as the CEO of auto parts software company Infomedia Limited (ASX: IFM).

Appen Ltd (ASX: APX)

The Appen share price was the next best performer with a gain of 13.1% last week. This was despite there being no news out of the artificial intelligence services provider. Though, it is worth noting that a week earlier Citi retained its buy rating and lofty $17.00 price target on the company’s shares. The Appen share price ended the week notably lower than this price target at $10.91 despite its strong gain.

Nearmap Ltd (ASX: NEA)

The Nearmap share price wasn’t far behind with a gain of 11.4% over the five days. Once again, this was despite there being no news out of the aerial imagery technology and location data company. The Nearmap share price has now broken into positive territory year to date following last week’s gain.

Perpetual Limited (ASX: PPT)

The Perpetual share price was a strong performer last week and rose 10.5% over the period. Investors were buying the fund manager’s shares following the release of a decent quarterly update. Perpetual revealed that its total assets under management ended the first quarter at $101.0 billion, up 2.7% since the end of June. Morgans responded to the update by retaining its add rating and lifting its price target to $45.07.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: BHP and Rio Tinto fall, Qantas higher

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. owns shares of and has recommended Appen Ltd and Nearmap Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended Appen Ltd and Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) was on form last week and recorded a solid gain. The benchmark index rose 0.7% or 53.5 points to end the period at 7,415.5 points.

Unfortunately, not all shares were able to climb with the market. Here’s why these were the worst performing ASX 200 shares last week:

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price was the worst performer on the ASX 200 last week with a decline of 11.1%. This appears to have been driven by a pullback in coal prices. This follows reports in China that coal producers in the country have agreed to observe a price ceiling for thermal coal ahead of the winter heating season.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price wasn’t far behind with a decline of 10.1% over the five days. Investors were selling the travel agent’s shares following the release of a trading update at its annual general meeting. Flight Centre revealed that its sales reached 27% of pre-COVID levels globally during September, which is still well short of making its operations breakeven. In response to the update, Goldman Sachs commented: “Overall, while the outlook remains positive and corporate progress is encouraging, the update remained lacklustre on leisure.” Flight Centre also raised $400 million via a convertible notes offering.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price was out of form and dropped 9.2% last week. This was despite there being no news out of the mining and mining services company. Though, investors have been selling its shares in recent months due to its exposure to falling low grade iron ore prices. In addition, the team at Ord Minnett held firm with their hold rating but trimmed their price target on the company’s shares to $50.00 last week.

Alumina Limited (ASX: AWC)

The Alumina share price was a poor performer and tumbled 8.4% over the period. Last week analysts at Credit Suisse downgraded the alumina producer’s shares to a neutral rating with a price target of $1.90. Credit Suisse doesn’t believe current alumina prices are sustainable and feels its shares expensive at current levels.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Which ASX 200 dividend shares have investors been heavily trading this week?
• These 3 ASX 200 shares are topping the volume charts this Friday
• Qantas (ASX:QAN) share price soars to 52-week high on international travel update
• HESTA boss calls out ASX 300 companies without net-zero targets

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 recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian share market is home to a number of companies growing at a rapid rate.

Three that could be well-placed for growth over the long term are listed below. Here’s what you need to know about these ASX shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share to look at is this pizza chain operator. Domino’s also been growing at a consistently solid rate for over a decade thanks to the popularity of its offering and the expansion of its footprint. Pleasingly, the future looks very positive thanks to its expansion plans. Domino’s started FY 2022 with a total of 2,974 stores across its network but sees scope to more than double this over the next decade in existing markets. The company also has the balance sheet strength to make acquisitions that open up new geographic markets, increasing its addressable market.

Earlier this week, Goldman Sachs retained its buy rating and $154.90 price target on the company’s shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. At the end of FY 2021, the company had over 34,000 tradies using its platform. Combined with strong consumer growth, this underpinned impressive performances across many key metrics. It also led to Hipages outperforming its upgraded full year revenue guidance with a 22% year on year jump to $55.8 million.

Goldman Sachs is also a fan of Hipages. It currently has a buy rating and $4.35 price target on its shares.

IDP Education Ltd (ASX: IEL)

A final ASX growth share to look at is IDP Education. It is a provider of international student placement services and English language testing services. While IDP Education was hit hard by the pandemic, it has been bouncing back strongly. For example, the company has just revealed that during the first quarter of FY 2022, IELTS volumes were up 84% on the same period last year. Combined with its strong market position and recent acquisition in the lucrative India market, the future looks very positive for IDP Education.

Earlier this week, Morgan Stanley retained its overweight rating and $40.20 price target on IDP Education’s shares.

The post 3 excellent ASX growth shares to buy 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. owns shares of and has recommended Hipages Group Holdings Ltd. and Idp Education Pty Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Hipages Group Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Pro Medicus Limited (ASX: PME) share price finished the day in the green.

At the end of the session, the health imaging technology company’s shares finished 2.1% higher at $54.54. This puts the share price 22% away from its 52-week high of $70.00.

Why is the Pro Medicus share price on the move today?

Investors seem to be pleased with the information contained in Pro Medicus’ 2021 annual report, with shares climbing higher today. While investors got a chance to view the performance of FY21 back in August when the company’s full-year results were posted, the annual report often provides greater detail.

In the report, management highlighted the significant nature of the last financial year. It was a year that entailed record revenue and earnings following the successful signing of multiple contracts. To reiterate, reported profit after tax increased 33.7% to $30.85 million, while revenue climbed 19.5% to $67.88 million.

During the period, Pro Medicus won 6 new contracts and renewed 2 key contracts in North America. As a result, 9 of the “top 20” hospitals in the United States, according to US News, are now standardised on the company’s Visage-7 imaging platform.

Management commentary

Commenting on the record year, Pro Medicus CEO Sam Hupert and Chair Peter Kempen said:

The strong result was driven by growth in all three jurisdictions in which the company operates. Our North American business experienced strong growth in transaction revenue and significant expansion of our footprint in the region, winning 5 major contracts across a range of opportunities in both the academic and nonacademic/IDN spaces.

Our Australian and European divisions were also solid contributors. In Europe, the company won a key contract with Munich-based LMU Klinikum, one of the largest teaching hospitals in Europe which contributed to our revenue growth in the region. In Australia, our RIS product continues to be the undisputed market leader with revenue increasing due to the continued rollout of our key contracts during the period.

Additionally, management noted it foresees positive drivers in the external environment for its software. For instance, there is a significant increase in image data and file size. What was once 2 gigabytes to 3 gigabytes (GB) is now 6GB to 10 GB per file. This puts Visage-7 at an advantage over competitors using traditional ‘compress and send’ technology.

Similarly, the adoption of electronic health records and transaction-based licensing is expected to drive further demand for the company’s Visage technology.

What’s next for the company?

According to the report, Pro Medicus anticipates further contract opportunities to be realised in FY2022. This is due to improved prospects in the United States, as well as the ongoing rollout of the Visage RIS platform. Previously won contracts are also expected to come online this year. This is expected to deliver an increase to the company’s generated revenue.

Pro Medicus also revealed today its annual general meeting will be held on 23 November 2021. The Pro Medicus share price has gained 63% in the last 12 months.

The post Why did the Pro Medicus (ASX: PME) share price finish higher today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) jostled around only to finish the day flat. The benchmark index ended where it started, flat at 7,415.5 points.

It was another mixed day on the markets, with consumer discretionaries and staples performing strongly while energy and materials tumbled. Overall, the majority of ASX 200 shares finished higher on Friday. Unfortunately, those that struggled were some of the larger companies in the index.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Novonix Ltd (ASX: NVX) was the biggest gainer today. Shares in the battery materials company surged 6.40% higher. Interestingly, the upwards move occurred despite no announcements today. Find out more about Novonix here.

The next biggest gaining ASX share today was Healius Ltd (ASX: HLS). The healthcare company added a further 4.42% to its share price. This is the second consecutive day of gains after it revealed impressive quarterly results. Uncover the latest Healius details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Novonix Ltd (ASX: NVX)	$6.15	6.40%
Healius Ltd (ASX: HLS)	$4.96	4.42%
Event Hospitality and Entertainment Ltd (ASX: EVT)	$15.905	4.02%
Liberty Financial Group (ASX: LFG)	$6.43	3.71%
Wesfarmers Ltd (ASX: WES)	$57.55	3.60%
Auckland International Airport Ltd (ASX: AIA)	$7.74	3.20%
Liontown Resources Ltd (ASX: LTR)	$1.665	3.10%
Ramsay Health Care Ltd (ASX: RHC)	$69.135	2.45%
Pro Medicus Ltd (ASX: PME)	$54.63	2.27%
Altium Ltd (ASX: ALU)	$37.92	2.07%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Friday
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• 5 things to watch on the ASX 200 on Friday
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Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. and Ramsay Health Care Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Altium, Pro Medicus Ltd., and Wesfarmers Limited. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This week has seen some interesting trends on the ASX boards. For one, the S&P/ASX 200 Index (ASX: XJO) has enjoyed a week of relatively solid gains, in stark contrast to the volatility we saw in the weeks prior.

As it stands at the time of writing this Friday, the ASX 200 has managed to eke out a gain of roughly 0.75% for the week thus far.

But which shares have ASX investors been buying and selling this week, specifically dividend-paying shares? That’s what we’ll be checking out today.

Most days here on the Fool, we check out the ASX 200 shares that are dominating the trading volume charts. This gives us a fair indication of which ASX 200 shares investors have been buying and selling with the most enthusiasm.

3 heavily traded ASX 200 dividend shares this week

Our first ASX dividend share that investors have been heavily trading this week is Telstra Corporation Ltd (ASX: TLS). Telstra has topped the volume charts several times this week, including yesterday.

The Telstra share price has had a rather lousy week, which could explain this. The telco is down significantly more than the ASX 200 since Monday, despite today’s modest bump. But this falling share price has pushed Telstra’s running dividend yield higher. Its annual 16 cents per share payouts represent a fully franked yield of 4.26% on current pricing.

South32 Ltd (ASX: S32) is another ASX 200 dividend share investors have been trading with enthusiasm this week. It’s topped the volume charts a couple of times. Like Telstra, this has mostly been on the negative side though.

Since Monday, South32 shares have fallen a nasty 3.2%. But in some good news, this fall has pushed up South32’s current and fully franked dividend yield to 1.74% at the time of writing.

Alumina Limited (ASX: AWC) is our third ASX 200 dividend share that’s been popular with investors this week, going off of trading volumes at least. Continuing the trend we see on this list, Alumina has also had a very tough week.

It’s fallen from around $2.27 on Monday morning to today’s share price of $2.06 apiece. However, that puts Alumina’s running dividend yield at a meaty 4.07% (replete with franking) at the present share price.

The post Which ASX 200 dividend shares have investors been heavily trading this week? appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Friday
• What’s been happening with the Telstra (ASX:TLS) share price this week?
• HESTA boss calls out ASX 300 companies without net-zero targets
• 5 things to watch on the ASX 200 on Friday
• These 3 ASX 200 shares are topping the volume charts on Thursday

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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