The Australian share market has been a strong performer over the last 12 months.

During this time, it has climbed a solid 12%. And that’s before dividends, which contribute a further 4% to the total market return.

Unfortunately, not all shares have fared as well as the market.

For example, the three ASX 300 stocks listed below have hit 52-week lows this week. Here’s what you need to know:

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price dropped to a 52-week low of $5.07 this morning. This stretches its 12-month decline to a disappointing 22%.

While today’s decline has been driven by the toll road operator’s shares going ex-dividend this morning, the rest of the decline can be attributed to its soft performance in FY 2023 and tax changes in France.

Commenting on the latter, the company said:

It is extremely disappointing that the French Government introduced this new tax. We, along with our partners at APRR, are committed to using all appropriate means and avenues to assert APRR’s legal and contractual rights to ensure that the concession contracts are respected, and their rights are protected.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price started the day at a 52-week low of 15.5 cents before edging higher.

Investors have been selling this ASX 300 lithium stock due to its decision to suspend its operations in response to weak lithium prices.

A recent note out of Goldman Sachs demonstrates just why this is a big red flag for investors. Goldman expects Core Lithium to go from estimated revenue of $178 million in FY 2024 to just $18 million in FY 2025 (and $34 million in FY 2026).

Core Lithium’s shares are down 80% over the last 12 month.

Telstra Group Ltd (ASX: TLS)

The Telstra share price has dropped to a 52-week low of $3.73 on Tuesday. This means the telco giant’s shares are now down 16% from their 52-week high.

This decline appears to have been driven largely by investors de-rating the ASX 300 stock in response to rising interest rates.

Telstra is often regarded as a bond proxy. Unfortunately, this means that when bond yields widen, Telstra’s shares lose their allure with investors. The only way for them to get it back is to trade on lower multiples that offer larger potential dividend yields to make it a more favourable option to bond yields.

The good news is that with interest rates tipped to fall later this year, it may not be long until Telstra’s shares gain some new admirers.

Goldman Sachs is likely to see this weakness as a buying opportunity. It has a buy rating and $4.55 price target on its shares.

The post Why Telstra and these ASX 300 stocks just hit 52-week lows appeared first on The Motley Fool Australia.

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More reading

• Why 29Metals, Atlas Arteria, IDP Education, and Mineral Resources shares are falling
• Telstra is paying 18 cents per share in dividends: Time to buy the stock?
• 3 reasons to sell Core Lithium shares
• 3 high-quality ASX retirement shares to buy this week
• These are the 10 most shorted ASX shares

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

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Four years after the COVID crash, the S&P/ASX 200 Index (ASX: XJO) is now hovering around all-time highs. Oh, how times have changed. However, the top end of town is now valued at a premium that has not been seen since January 2022. It might suggest that ASX small-cap shares offer more bang for the buck.

Investors shied away from small-cap land as interest rates climbed starting in May 2022. The chart below shows that the S&P/ASX Small Ordinaries Index (ASX: XSO) has underperformed the top 200 by 12.6% since the Reserve Bank of Australia began jacking up rates.

Could the minnows of the market now be the companies to catch amid estimates of interest rate cuts as early as late 2024?

Is the ASX 200 expensive?

According to the S&P Capital IQ, the leading Australian index trades on a trailing 12-month price-to-earnings (P/E) ratio of 23.8 times. For context, the earnings multiple for Australia’s 200 best of the best at its peak in 2019, before the pandemic, was 21.6 times aggregate earnings.

In addition, much of the 12% gain in the ASX 200 over the past year can be attributed to a rise in the earnings multiple investors are willing to pay. A year ago, the benchmark traded on a P/E ratio of 14.7 times, which has inflated 62% since then, as shown below.

Now, this doesn’t necessarily mean the ASX 200 is expensive. It mainly depends on the extent of earnings growth for the top 200 companies in the years ahead. If corporate profits surge, then 24 times earnings might be justifiable.

ASX small-cap shares trading at lower multiples

More than 70 small-cap companies are trading on a P/E ratio that is 20% (or more) less than what the ASX 200 is currently commanding. This doesn’t mean they’re better value by default. A more in-depth review would be needed to decide on that.

Nevertheless, here are seven ASX small-cap shares that are less richly valued than the big end of town:

ASX-listed company	Market capitalisation	P/E ratio
Graincorp Ltd (ASX: GNC)	$1.81 billion	7.3
Elders Ltd (ASX: ELD)	$1.47 billion	14.5
Nick Scali Limited (ASX: NCK)	$1.23 billion	14.7
Accent Group Ltd (ASX: AX1)	$1.12 billion	15.7
Platinum Asset Management Ltd (ASX: PTM)	$765.6 million	9.7
Helloworld Travel Ltd (ASX: HLO)	$471.7 million	14.3
Lindsay Australia Ltd (ASX: LAU)	$350.5 million	9.6

History has demonstrated that small-caps often outperform large-cap land as interest rates fall, according to Wilsons Advisory.

The post 7 ASX small-cap shares that are cheaper than the ASX 200 in March 2024 appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has positions in Elders. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lindsay Australia. The Motley Fool Australia has recommended Accent Group, Elders, Lindsay Australia, and Nick Scali. 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 Mesoblast Ltd (ASX: MSB) share price is blasting off in early afternoon trade on Tuesday.

Shares in the ASX biotech company closed yesterday trading for 33 cents per share.

The company requested a trading pause this morning pending a further announcement.

That announcement was just released.

And investors have responded by sending the Mesoblast share price soaring to 45 cents per share, up 36.4%.

Here’s what the company reported.

Mesoblast share price lifts off on FDA news

Mesoblast is enjoying a big lift after reporting on encouraging communications with the US Food and Drug Administration (FDA).

After additional consideration of the clinical data from Mesoblast’s phase 3 study, the FDA said there appear to be sufficient results to support the submission of the company’s proposed Biologics License Application (BLA) for its remestemcel-L medicine to treat paediatric patients with steroid-refractory acute graft versus host disease.

Remestemcel-L is being developed for inflammatory diseases in children and adults, including steroid-refractory acute graft versus host disease, and biologic-resistant inflammatory bowel disease.

Commenting on the FDA’s guidance that’s sending the Mesoblast share price soaring this afternoon, CEO Silviu Itescu said, “We thank the agency for their collaborative approach.”

Silviu added, “The responses and guidance from FDA are clear and provide us with a high level of confidence to refile our BLA for remestemcel-L in children with SR-aGVHD.”

Mesoblast said it plans to file the resubmission during the next quarter. The ASX biotech stock aims to address the remaining product characterization issues.

How has the ASX biotech stock been tracking?

The Mesoblast share price has seen some big moves higher and lower over the past year.

With today’s intraday moves factored in, the ASX biotech share is up 45% in 2024.

The post Mesoblast share price rockets 36% on breaking FDA news appeared first on The Motley Fool Australia.

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• Guess which ASX All Ords company is being sued by shareholders over stock price losses
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• Why is the Mesoblast share price jumping 16% on Monday?
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Motley Fool contributor Bernd Struben 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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Commonwealth Bank of Australia (ASX: CBA) shares are popular among ASX passive income investors for their lengthy track record of generous dividend payouts.

The S&P/ASX 200 Index (ASX: XJO) bank stock has paid two fully franked dividends per year every year for more than a decade. Including the pandemic addled year of 2020.

CBA’s latest interim dividend was up 2.4% from the prior year, at $2.15 per share. Eligible shareholders can expect to see that payout land in their bank accounts this Thursday, 28 March.

CBA’s final dividend of $2.40 per share, paid on 28 September, was also up 14.3% year on year. That brings the full-year payout to $4.55 per share.

While that’s a healthy payout, the CBA share price has gained 25% over the 12 months.

Now, that’s also obviously a good thing.

However, it means the ASX 200 bank stock currently trades on a fully franked trailing yield of 3.8%.

So, if it’s passive income you’re after, here are five high-quality stocks trading on a higher yield than CBA shares.

Five ASX 200 stocks offering better income than CBA shares

Before the big reveal, please note that the yields we’re looking at here are trailing yields. Future yields may be higher or lower depending on a range of company-specific and macroeconomic factors.

With that said, the first ASX 200 share paying a better income than CBA shares is rival big four bank stock Australia and New Zealand Banking Group Ltd (ASX: ANZ).

ANZ paid a fully franked interim dividend of 81 cents per share on 3 July and a partly franked final dividend of 94 cents per share on 22 December.

That equates to a full-year payout of $1.75 per share. At the current share price of $29.14, ANZ trades on a partly franked trailing yield of 6.0%.

ANZ will announce its upcoming interim dividend on 7 May when the bank reports its half-year results.

The second high-quality ASX 200 company paying a higher dividend yield than CBA shares is oil and gas stock Woodside Energy Group Ltd (ASX: WDS).

Sliding profits hit by falling energy prices have seen Woodside’s dividends come down to the late 2022 and early 2023 levels. But the energy giant still paid out $2.16 in fully franked dividends over the past year.

At the current Woodside share price of $30.62, the stock trades on a fully franked trailing yield of 7.1%.

The third quality company paying a better passive income than CBA shares is ASX 200 retail stock Harvey Norman Holdings Ltd (ASX: HVN).

With Harvey Norman’s share price up 35% over 12 months and its dividends down from last year, the retail stock isn’t yielding what it did last year.

Still, the retailer delivered 22 cents per share in dividends over the 12 months. At the current Harvey Norman share price of $4.97, this company trades on a fully franked yield of 4.4%.

Two more high-quality ASX 200 dividend shares

Rounding out the list, two other high-quality ASX companies paying higher income than CBA shares are ASX 200 mining stock Fortescue Metals Group Ltd (ASX: FMG) and ASX 200 coal share New Hope Corp Ltd (ASX: NHC).

Fortescue paid a final dividend of $1.00 per share on 28 September. Eligible investors can expect to receive the $1.08 per share interim dividend tomorrow, 27 March.

That comes out to a full-year passive income payout of $2.08 per share. At the current Fortescue share price of $25.66, this equates to a fully franked trailing yield of 8.1%.

As for New Hope, despite sizeable reductions in the dividend payouts amid a big drop in coal prices, the miner still paid a final dividend of 30 cents per share on 7 November.

Management declared an interim dividend of 17 cents per share, which will be paid on 1 May. Passive income investors seeking to bank that dividend will need to own shares at market close on 12 April.

New Hope’s full-year payout will then come to 47 cents per share.

At the current New Hope share price of $4.40, this quality ASX company trades on a fully franked yield (partly trailing, partly pending) of 10.7%.

CBA shares, remember, trade on a yield of 3.8%.

The post These 5 high-quality companies are now paying a better income than CBA shares appeared first on The Motley Fool Australia.

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• Why Fortescue, Gold Hydrogen, MMA Offshore, and Sims shares are pushing higher

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Harvey Norman. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.1% to 7,801.1 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

29Metals Ltd (ASX: 29M)

The 29Metals share price is down 24% to 41 cents. This morning, the copper miner announced the suspension of operations at Capricorn Copper. This follows an extended period of rainfall between late January and mid-March resulting in a steady accumulation of water in regulated structures on site to levels now similar to the levels following the March 2023 extreme weather event.

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price is down 5% to $5.07. This has been driven partly by the toll road company’s shares going ex-dividend this morning. Eligible shareholders can now look forward to receiving the company’s 20 cents per share interim dividend next month on 8 April.

IDP Education Ltd (ASX: IEL)

The IDP Education share price is down 4% to $17.35. This morning, this language testing and student placement company announced the appointment of Kate Koch as its new chief financial officer (CFO). However, due to Koch needing to serve a six-month notice period at Seek Ltd (ASX: SEK), she won’t join until the start of October. This means that IDP Education will be operating without an actual CFO for the next six months.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is down 4% to $66.93. This may have been caused by a broker note out of Morgans this morning. Its analysts have downgraded the mining and mining services company’s shares to a hold rating with a $71.00 price target. The broker made the move on valuation grounds following a decent run.

The post Why 29Metals, Atlas Arteria, IDP Education, and Mineral Resources shares are falling appeared first on The Motley Fool Australia.

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• 2 ASX 200 shares tumbling amid major management moves
• Mineral Resources shares fall despite ‘exceptional results’
• These are the 10 most shorted ASX shares
• 3 of the best ASX growth shares to buy now
• Here’s how the ASX 200 market sectors stacked up last week

Motley Fool contributor James Mickleboro has positions in Seek. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Idp Education and Seek. 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 gains of NVIDIA Corporation (NASDAQ: NVDA) shares over the past few months and years have quickly become legendary. Not just on the US markets, but around the world.

That’s what tends to happen when a company rockets 258% over the past 12 months, and a jaw-dropping 2,016% since March 2019. Oh, and Nvidia shares have also gained a cool 97.2% over 2024 to date. That leaves this growth monster and semiconductor and artificial intelligence (AI) stock with a market capitalisation of US$2.38 trillion today.

Obviously, finding other shares whether they be ASX or international shares, that can offer investors even the potential of these kinds of returns is rather difficult. After all, even a small investment in Nvidia shares at any time in the past five years would have probably led to life-changing gains to one’s wealth.

So today, I’m going to discuss two stocks that I personally own that I have high hopes for emulating the Nvidia experience. I don’t believe these stocks will truly rival Nvidia’s recent returns in coming years, as I happen to think Nvidia’s experience is a byproduct of exceptional circumstances. But they are the investments that have some of the best potential to come close in my opinion.

2 stocks that I’ve bought that could match Nvidia shares

Duolingo Inc (NASDAQ: DUOL)

Duolingo is a language and learning company whose business rests on its eponymous app. Users can use Duolingo to learn additional languages within a simple, easy-to-follow framework. It offers both a free experience, but also a paid subscription model that users can employ if they want to learn faster and more comprehensively.

I bought Duolingo shares a few years ago, and have already seen some huge gains. But I think this company can continue to grow exponentially into the future. As an example, the company had 49.2 million monthly active users at the beginning of 2022. But by the end of 2023, this had grown to 88.4 million.

Duolongo’s finances are growing even faster though. The company reported revenue of US$531.1 million for 2023, which was a rise of 43% from the previous year. I think the total addressable market for this company is almost limitless, given how many people want to learn or brush up on a second, or even third or fourth, language around the world. Duolingo is also expanding into other learning areas, such as mathematics and music with its app.

I’m very excited about Duolingo’s future. Whilst I don’t see this company with a market capitalisation of US$2.38 trillion anytime soon, I’m still expecting healthy growth for years to come.

Meta Platforms Inc (NASDAQ: META)

Moving on, we have another stock that most readers would be familiar with. Mark Zuckerberg’s social media titan Meta is something of a controversial stock. But no one can deny that this company has some of the hottest assets in the world. It owns Facebook of course, but also Instagram, Whatsapp and Messenger. These are all among the most popular apps on the planet.

I’ve owned Meta stock for many years now too. But this is another company that just doesn’t seem to know how to slow down. It reported healthy (in most cases double-digit) rises in active monthly users across most of its apps last year – an impressive feat considering Facebook is celebrating its 20-year anniversary in 2024.

Meta also managed to increase its revenues from US$114 billion in 2022 to US$132 billion in 2024. Operating income also increased, rising from US$29 billion to US$47 billion. Meta is also in the habit of conducting massive share buybacks and has even recently announced a maiden dividend payment.

I think there are plenty of returns left in this growth beast in the coming years, and I think this company will continue to be a lucrative investment to own. In fact, I wouldn’t be surprised if Meta had a market cap well north of US$2 trillion in just a few years.

The post I’d buy these shares for Nvidia-like gains over the next decade appeared first on The Motley Fool Australia.

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• If you invested $10,000 in Nvidia stock the day ChatGPT came out, this is how much you’d have today

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Meta Platforms and Duolingo. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Duolingo, Meta Platforms, and Nvidia. The Motley Fool Australia has recommended Meta Platforms and Nvidia. 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 S&P/ASX 200 Index (ASX: XJO) is fighting hard to get into positive territory but has fallen just short. In afternoon trade, the benchmark index is down slightly to 7,808.1 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is up over 5% to $1.83. This appears to have been driven by a broker note out of Morgans this morning. According to the note, its analysts have upgraded the energy producer’s shares to an add rating with an improved price target of $2.15.

Elders Ltd (ASX: ELD)

The Elders share price is up 4% to $9.31. This may have been driven by a broker note out of UBS this morning. Although the broker has only retained its neutral rating on the agribusiness company’s shares, it has boosted its valuation materially. UBS has lifted its price target by 35% to $9.70.

Lake Resources N.L. (ASX: LKE)

The Lake Resources share price is up 3% to 6.8 cents. This morning, this lithium developer announced that it has submitted its Production Environmental Impact Assessment for the Kachi lithium project to the Catamarca Ministry of Mining. Its CEO, David Dickson, said: “Kachi stands as a testament to our adoption of a prudent and groundbreaking approach to lithium brine extraction, aiming for the advancement of sustainable and responsible lithium production.”

Premier Investments Limited (ASX: PMV)

The Premier Investments share price is up 2.5% to $31.40. This follows the release of the retail giant’s half-year results this morning. Premier Investments reported a 2.8% decline in sales to $879.5 million and a 0.9% reduction in profit before tax to $241.8 million. The latter was ahead of the market’s expectations. The company also announced plans to demerge its Smiggle and Peter Alexander businesses in 2025.

The post Why Beach Energy, Elders, Lake Resources, and Premier Investments are rising today 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 recommended Elders and Premier Investments. 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 Titomic Ltd (ASX: TTT) share price has caught the eye on Tuesday.

At one stage today, the ASX small-cap stock was up as much as 45% to 7.1 cents.

It has since pulled back but remains up 31% at the time of writing.

Why is this ASX small-cap stock rocketing?

Investors have been scrambling to buy the industrial scale metal additive manufacturing company’s shares on Tuesday following a big announcement.

According to the release, Titomic has received an order from the land branch of the Royal Netherlands Army, the Koninklijke Landmacht.

The order comprises 10 units of the D523 System, with a total sale value of EUR 772,000 (A$1.28 million). This is its largest D523 order to date and marks a “significant milestone” in Titomic’s expansion in the defence sector.

D523 System allows for onsite metal repairs and coatings with a low pressure cold spray.

The release notes that the Royal Netherlands Army will send 9 of the units to Ukraine to provide aid to its war effort. These systems will enable battle damage repair in-field and forward maintenance, enhancing battle readiness and prolonging mission capability.

Management believes that this order represents a substantial revenue opportunity for Titomic and reinforces its position as a key player in the global defence and aerospace sectors. Particularly given its belief that the D523’s capabilities align perfectly with the needs of the Koninklijke Landmacht, which it feels demonstrates its ability to meet the stringent requirements of military applications.

The delivery of the D523 systems is scheduled to commence in the coming months.

‘A pivotal moment’

The ASX small-cap stock’s managing director, Herbert Koeck, referred to the order as a “pivotal moment” for the company. He said:

This order from the Royal Netherlands Army marks a pivotal moment for Titomic, showcasing our D523 System’s ability to provide versatile repair and maintenance solutions on a large scale and creating a significant revenue opportunity. This is a stride forward in our ongoing efforts to bring these innovative solutions to a wider market. Titomic is aiming to attract more large-scale orders from innovators across various sectors in the coming months, including resources, defence, and aerospace, who are eager to leverage the advanced capabilities Titomic offers.

The post Guess which ASX small-cap stock is rocketing 45% on ‘pivotal moment’ 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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A large array of stocks have risen significantly over the past five months. I’m still seeing appealing value in some ASX shares and I’m going to outline three of them today.

I’m excited about these three opportunities because of their capital growth potential and the exposure to supportive underlying trends.

Johns Lyng Group Ltd (ASX: JLG)

Johns Lyng says that its core business is built on the “ability to rebuild and restore a variety of properties and contents after damage by insured events including impact, weather and fire events”.

It has clients including major insurance companies, businesses, local and state governments, body corporates and owners’ corporations, and households.

The company also has a large and growing business that’s involved in assisting after catastrophes.

As we can see on the chart below, the Johns Lyng share price is materially lower than where it was in April 2022.

A short-term decline in catastrophe revenue could prove to be a good time to buy, in my opinion. The company continues to scale its operations in Australia and the US, as well as New Zealand after recently expanding there.

In five years, I think the ASX share could be generating a lot more profit. If it’s able to expand into new countries then it would be even more compelling.

In the FY24 first-half result, it grew its normalised business as usual (BAU) net profit after tax (NPAT) by 15.8% to $25 million.

According to the estimate on Commsec, the Johns Lyng share price is valued at 27 times FY25’s estimated earnings.

Close The Loop Ltd (ASX: CLG)

Close The Loop says it creates “innovative products and packaging that includes recyclable and made-from-recycled content, as well as collect, sort, reclaim and reuse resources that would otherwise go to landfill.”

It ‘recovers’ from an array of electronic products, print consumables and cosmetics. Other initiatives include reusing tonner and post-consumer soft plastics for an asphalt additive which makes the roads more durable and longer lasting.

I think this ASX share is the type of business that will help the world with sustainability and make progress towards a circular economy. Close The Loop has a goal of nothing going to landfill in regards to the items it deals with.

The HY24 result saw earnings before interest, tax, depreciation and amortisation (EBITDA) increase by 139% to $22.7 million and net profit after tax (NPAT) grew by 164% to $5 million.

I think the ASX share has a compelling future, particularly if it can keep delivering organic growth, deliver rising profit margins and achieve increasing earnings per share (EPS).

VanEck Morningstar Wide Moat ETF (ASX: MOAT)

This exchange-traded fund (ETF) invests in US businesses that Morningstar analysts believe are good value. It only chooses from a shortlist of companies it thinks have a strong economic moat expected to endure for at least 20 years.

Businesses with a good economic moat may be capable of producing outsized profits, so it’s no wonder this ETF has managed to deliver average returns per annum of 16.4% over the last five years. However, that’s not a guarantee of any positive returns in the coming years.

At the moment, its biggest five positions include Alphabet, Allegion, Veeva Systems, Corteva and Transunion.

The post 3 star ASX shares to buy for the rest of 2024 appeared first on The Motley Fool Australia.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has positions in Close The Loop and Johns Lyng Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Close The Loop, Johns Lyng Group, and Veeva Systems. The Motley Fool Australia has recommended Alphabet, Close The Loop, Johns Lyng Group, VanEck Morningstar Wide Moat ETF, and Veeva Systems. 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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Not everyone is earning a fully franked 36% yield from this ASX dividend share.

But some forward-looking passive income investors certainly are.

The company in question is ASX coal stock Yancoal Australia Ltd (ASX: YAL).

Yancoal stock closed up 2.3% yesterday, ending the day trading for $5.37 a share.

On the passive income front, the headline-making dividends the ASX coal share paid in 2022 and the first half of 2023 have come back to earth. That’s come alongside the big retrace from the record coal prices during that period.

For its full year 2023 results, Yancoal reported a 39% year on year decrease in its realised coal price to AU$232 per tonne. Despite a 14% annual increase in attributable saleable coal production, this saw revenue slide to $7.8 billion from $10.5 billion in 2022.

Still, the ASX dividend share ended 2023 with an enviable cash balance of $1.4 billion.

And the Yancoal board declared a $429 million, 32.5 cent per share, fully franked final dividend. Eligible passive income investors can expect to see that land in their bank accounts on 30 April.

Atop the interim dividend of 37 cents per share, paid on 20 September, that equates to a full-year payout of 69.5 cents per share.

Meaning Yancoal trades on a fully franked yield of 13.0%.

Very tidy.

Yet these forward-looking investors are earning far more from this ASX dividend share.

Here’s how.

Mining a 36% yield from this ASX dividend share

In the wake of the COVID pandemic, with travel and industry across the world widely shuttered, energy prices plunged.

By September 2020 this drove thermal coal prices below US$55 per tonne. That’s compared to around US$130 per tonne today and down from highs of some US$440 per tonne in September 2022.

Alongside the plunging coal price, this ASX dividend share saw its stock heavily sold off as fear gripped the markets.

Shortly before things began to turn around, on 6 November 2020, the Yancoal share price closed at $1.92.

Many investors still steered clear, fearing it could be ‘a falling knife’. But some forward-looking passive income investors took the plunge and bought Yancoal shares at what turned out to be a bargain basement price.

Over the past years, those investors will have earned the same dividends from those shares as investors who bought at far higher prices.

As for the past 12 months, at $1.92 per share, that equates to a fully franked yield of 36.2%!

Now, whether you’re looking at buying Yancoal or any other ASX dividend share, be sure to do your own detailed research first. If you’re short on time or don’t feel comfortable with that, just reach out for some expert advice.

The post A 36% yield from this ASX dividend share? Here’s how these forward-looking investors made it happen appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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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