Lovisa Holdings Ltd (ASX: LOV) shares have been on a tear over the last 12 months.

During this time, the fashion jewellery retailer’s shares are up 43%.

And if you were fortunate enough to buy at the bottom in October, you would be up almost 90% on your investment.

But with its shares trading within sight of record highs, are the gains coming to an end now?

Maybe not.

Can Lovisa shares keep rising?

One broker that remains positive on the company and sees meaningful upside for investors is Morgans.

Last month, in response to its half-year results, Morgans reaffirmed its add rating with an improved price target of $35.00.

Based on its current share price of $31.68, this implies potential upside of 10.5% for investors over the next 12 months.

In addition, the broker is forecasting fully franked dividends of 83.4 cents per share in FY 2024 and 85 cents per share in FY 2025.

This implies a fully franked dividend yield of 2.6% for investors between now and this time next year, which boosts the total potential return to approximately 13%.

What did the broker say?

Commenting on Lovisa’s half-year result, which “surpassed expectations”, the broker said:

LOV is democratising jewellery. Its fashionable and attractively priced products are reaching and appealing to a larger and larger global audience. LOV has operations in over 40 markets and substantial white space to expand in almost all of them. The 1H24 result surpassed expectations, mainly due to strong gross margins, which were supported by favourable changes to the price architecture.

And while this has led to a modest increase to its earnings estimate for FY 2024, the broker believes investors should focus less on this year and more on its very bright long term outlook. It adds:

We have increased our EBIT estimate for the current year by 4%, but, for us, it’s not about the near-term. The investor should focus on what this business could develop into in the years ahead. We reiterate our Add rating and increase our target price.

Overall, the broker doesn’t appear to believe that it is too late to invest, which could make it worth a closer look. Especially given its extremely positive view on the company’s long-term growth potential.

The post Big returns could be coming for high-flying Lovisa shares appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why these ASX 200 growth shares could be top buys now
• 2 ASX growth stocks I’d buy for rapidly rising profit
• Broker says these ASX growth shares with very bright futures are top buys
• The most profound lesson from Lovisa’s results. What could it mean?
• Top brokers name 3 ASX shares to buy next week

Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/r9uqZ37

It hasn’t been a very pleasant two years for owners of the Transurban Group (ASX: TCL) share price.

Today, shares of this ASX 200 toll road operator are going for $12.90 each (at the time of writing). This time last year, you could have bought those same shares for $14.11. In March 2022, they were going for $13.58.

This means that Transurban shareholders have endured a loss of 8.6% over the last 12 months, and 5% over the past two years.

But most investors who buy shares of this toll road operator probably don’t do so for the explosive capital growth opportunity. With its inflation-hedged contracts ensuring regular toll price increases, investors tend to flock to Transurban for steady dividend returns.

Indeed, the stagnant Transurban share price has ensured that this company today offers a compelling dividend yield of 4.77% (albeit without franking credits attached). So does the current Transurban share price reflect what this company might pay out in dividends over the coming year or two?

What kind of dividends will Transurban shares payout going forward?

Naturally, it’s almost impossible to predict what kinds of dividends a company will pay out in the future before said company actually announces a payment. Remember, no company is under any obligation to fund dividends at a certain level, or indeed at all.

But Transurban’s revenues (and thus dividend ability) are easier to predict than most, thanks to the predictability of traffic volumes.

So let’s see what some experts think.

Just yesterday, my Fool colleague James covered the views of ASX broker Citi. Citi gave Transurban shares a buy rating, along with a 12-month share price target of $15.60. Citi partly based that on a prediction that Transurban would be able to fork out a total of 63 cents per share over the 2024 financial year, rising to 65 cents per share over FY2025.

If accurate, this would mean Transurban shares would be trading on a forward yield of 5.04% on that FY2025 figure.

CommSec projections largely agree with Citi’s numbers too. The brokerage platform is pencilling in similar amounts in dividends per share over the coming year or two. CommSec has a total of 62.1 cents per share in dividend for FY2024, rising to 65.4 cents for FY2025 and 68.7 cents for FY2026.

It’s hard to say for sure if the Transurban share price currently reflects these forecasts. But if they are accurate, I doubt any shareholder will complain.

The post Down 5% in 2 years, does the Transurban share price reflect the 2024-26 dividend forecast? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Buy these ASX 300 dividend shares for 10% gains and 5% yields
• How much could a $300,000 ASX share portfolio pay in dividends?
• If inflation rebounds I’ll be buying this leading ASX 200 share
• Analysts say these ASX All Ords dividend stocks are buys in March
• Bell Potter says these ASX 200 stocks are strong buys for March

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. 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.

from The Motley Fool Australia https://ift.tt/JucBHYm

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another small gain. At the time of writing, the benchmark index is up slightly to 7,683 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is down 1.5% to $3.51. This morning, the telco announced that it plans to challenge the instruction to sell down its holding in Superloop Ltd (ASX: SLC). Aussie Broadband has been told to reduce its stake to 12% as a greater level of ownership is not allowed under its constitution without the approval of the Info-communications Media Development Authority (IMDA) in Singapore. Today, Aussie Broadband has lodged a notice of Federal Court proceedings seeking injunctions against Superloop’s sale instruction.

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is down 3% to $1.25, This lithium developer’s shares have come under pressure since the release of its half-year results last week. For the six months ended 31 December, the company reported a net loss before tax of $31 million. In addition, it is worth highlighting that its shares had been on a strong run earlier in the month. So, it is possible that some profit taking is taking place today.

Metals Acquisition (ASX: MAC)

The Metals Acquisition share price is down almost 3% to $20.31. This has been driven by the release of a drilling update from the company’s CSA Copper Mine. The market may not have responded positively to the drilling results, but Metals Acquisition’s CEO, Mick McMullen, was pleased with them. He commented: “These results continue to showcase why we think the CSA Copper Mine has a long future with continued exploration success converting the Inferred Resource to Measured and Indicated, together with adding new mineralisation to the inventory.”

Seek Ltd (ASX: SEK)

The Seek share price is down 2% to $25.10. Today’s weakness appears to have been driven partly by the job listings company’s shares going ex-dividend this morning for its next payout. Last month, Seek released its half year results and declared a fully franked 19 cents per share interim dividend. This will be paid to eligible shareholders next month on 3 April.

The post Why Aussie Broadband, Liontown, Metals Acquisition, and Seek shares are falling appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Aussie Broadband share price falls as legal proceedings commence against Superloop
• 3 ASX All Ords shares that brokers tip will grow 30% to 40% this year
• Here are the top 10 ASX 200 shares today
• Why Arafura Rare Earths, Core Lithium, Goodman, and Superloop shares are falling today
• Aussie Broadband share price tumbles after telco told to sell $47 million stake in a competitor

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 Aussie Broadband. The Motley Fool Australia has recommended Aussie Broadband and Seek. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Ih6tZFH

The S&P/ASX 200 Index (ASX: XJO) is flat in afternoon trade, but that’s not holding this Australian dividend stock back.

The stock in question is ASX 200 gold miner Northern Star Resources Ltd (ASX: NST).

Northern Star shares closed yesterday trading for $13.65. At the time of writing, shares are swapping hands for $13.82 apiece, up 1.3%, having earlier posted gains of more than 1.5%.

The Australian dividend stock looks to be getting a boost from an overnight uptick in the gold price. The yellow metal is trading for US$2,162 per ounce (AU$3,297).

That sees most ASX gold stocks outperforming today, as witnessed by the 1.4% gain posted by the S&P/ASX All Ordinaries Gold Index (ASX: XGD).

What’s been happening with this Australian dividend stock?

The Northern Star share price has been on a strong upward trend since early October.

In fact, the Australian dividend stock has gained a whopping 38% since 3 October when shares closed the day trading for $10.04.

The ASX 200 gold miner has enjoyed a big lift in bullion prices over that time. On 5 October, gold was fetching US$1,820 per ounce, 18.8% below today’s levels. And most of those gains will find their way into Northern Star’s bottom line.

Northern Star also reported some very solid results for the six months ending 31 December.

That was driven by a big increase in the miner’s average realised gold price from AU$2,513 per ounce in the prior corresponding period to AU$2,873 per ounce over the second half of 2023.

Highlights of the half year included a 15% increase in revenue to $2.25 billion. And cash earnings leapt 50% to an all-time high of $702 million.

That saw the Australian dividend stock please passive income investors with a record interim unfranked dividend of 15 cents per share, up 36% from the prior interim dividend.

This brought the full-year dividend payout to 30.5 cents per share. At the current Northern Star share price, the gold miner trades at an unfranked trailing yield of 2.2%.

And with gold prices having breached new all-time highs in March, and continuing to trade near those highs, the outlook for more dividend growth and potential new record payouts looks good.

The post 1 Australian dividend stock quietly crushing the ASX today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 things to watch on the ASX 200 on Monday
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Monday

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.

from The Motley Fool Australia https://ift.tt/XCZc2I5

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Shares of Tesla (NASDAQ: TSLA) were moving higher today after the leading electric vehicle (EV) maker surprised investors by announcing price hikes on its Model Y crossover vehicle over the weekend.

The price increase bucks the recent trend in the EV industry, as prices have fallen due to increasing competition and plateauing demand from car buyers.

As of 2:14 p.m. ET, Tesla stock was up 6.2% on the news.

Tesla Model Y prices are going back up

Tesla announced two separate price hikes on its Model Y, the world’s top-selling vehicle.

First, the company said on Friday that it would raise prices by $1,000 on all Model Y vehicles in the U.S. by April 1. Then on Saturday, it announced that it would raise prices in several European countries on the crossover SUV by 2,000 euros, or $2,177.

The company had also raised the price in the U.S. of the Model Y rear-wheel drive and long-range trims by $1,000 on March 1.

CEO Elon Musk explained the move as a seasonal one, saying that consumer demand is seasonal, though manufacturing needs to be steady throughout the year. Car-buying tends to pick up in the spring in the U.S. as Americans receive their tax refunds.

What’s next for Tesla?

Some analysts speculated that the decision could be more geared toward giving first-quarter deliveries a sales bump at the end of the quarter, as higher prices could persuade hesitant buyers to make a purchase.

Goldman Sachs, for example, lowered its price target on the stock after channel checks showed Q1 deliveries tracking lower than previously expected, at just 435,000. Deutsche Bank also said the move was designed to boost first-quarter sales.

Nonetheless, the price increase should help lift profit margins in the second quarter, which have been falling over the last several quarters.

With the stock still down sharply this year, the news also gives Tesla bulls a reason to be optimistic, though the company is still sensitive to overall demand trends in electric vehicle stocks. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla stock was climbing today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 1 Wall Street analyst thinks Tesla stock is going to $125. Is it a sell?
• How to make 7% interest while deciding which ASX shares to buy
• Why Coles, Liontown, Lovisa, and Wildcat shares are dropping today
• Why did the Tesla share price just tumble 7%?
• Goldman Sachs says this US stock is replacing Tesla in the Magnificent Seven

Motley Fool contributor Jeremy Bowman 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 and Tesla. 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

from The Motley Fool Australia https://ift.tt/ynxtUEb

I love ASX-listed exchange-traded funds (ETFs) that can give exposure to businesses that we can’t find on the ASX.

It’s important to remember that the ASX only accounts for 2% of the global share market. Thus, there are opportunities beyond our shores, including some high-quality companies listed in the US and Europe.

Now, past performance is not a guarantee of future performance, but I’d give the below two picks a great chance of outperforming the S&P/ASX 200 Index (ASX: XJO) over the long term.

VanEck MSCI International Quality ETF (ASX: QUAL)

This fund invests in a global portfolio of 300 companies across a range of countries and sectors.

But, what ties all of these businesses together is that they are ranked as the highest quality names. They all have a high return on equity (ROE), earnings stability and low financial leverage. In other words, they make strong profits, the profit doesn’t normally go down substantially, and they have strong balance sheets.

Around three-quarters of the portfolio comes from the US, and a number of other countries have a weighting of at least 1% including Switzerland (5.2%), the UK (3.6%), Japan (3.3%), the Netherlands (3.1%), Denmark (2.9%), France (2.2%), Canada 1.2%) and Sweden (1%).

The position sizing can change, but at the moment the biggest five holdings are: Nvidia, Microsoft, Meta Platforms, Apple and Eli Lilly.

I wouldn’t expect recent exceptional performance to continue (it has gained 40% over the past 12 months). In the past five years, the QUAL ETF has returned an average of 17.75% per annum – I believe it can outperform the ASX 200 over the long term, though I expect volatility along the way.

Betashares Global Cybersecurity ETF (ASX: HACK)

This ASX ETF is focused on a particular sector, rather than the whole market.

As the name suggests, it enables Aussies to invest in the global cybersecurity sector, though most of the portfolio (around 80%) is invested in US-listed businesses.

As the world becomes more technological and there’s more digital adoption, there becomes a greater need for cyber protection. There are also more cybercriminals wanting to do harm.

For example, in Australia, the ASD Cyber Threat Report 2022-2023 revealed that the average cost of cybercrime per report increased by 14% and the number of cybercrime reports rose by 23% to 94,000. It also answered over 33,000 calls to the Australian cybersecurity hotline, an increase of 32%.

If this is repeated in many countries worldwide, it may suggest that there will be a strong growth rate for cybersecurity companies for years.

Some of the biggest positions in the portfolio include Crowdstrike, Broadcom, Infosys, Cisco Systems and Palo Alto Network.

The post 2 great ASX ETFs I’d buy and hold forever appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Popular BetaShares ASX ETFs reveal half-yearly results
• This is the next ASX ETF I plan to buy
• 4 ASX ETFs for smart investors
• Are these record-breaking ASX ETFs now too expensive to buy?
• 2 excellent ASX ETFs to buy for growth

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 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 Apple, BetaShares Global Cybersecurity ETF, Cisco Systems, CrowdStrike, Meta Platforms, Microsoft, Nvidia, and Palo Alto Networks. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has recommended Apple, CrowdStrike, 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.

from The Motley Fool Australia https://ift.tt/GF6Lh5n

ASX shares can be a powerful way to generate passive income. In this article, I’ll discuss four picks that offer great dividends.

I’m not just looking for the biggest dividend yield as very high yields are not always sustainable. Instead, I like to find businesses delivering good organic operational growth because that is what can unlock capital gains.

If I were investing $30,000, I’d be very happy to spread the money across the below four stocks.

Healthco Healthcare and Wellness REIT (ASX: HCW)

As the name suggests, it’s a real estate investment trust (REIT) that owns buildings in the healthcare and social space. Hospitals are one of the main categories of property within the portfolio.

It’s indirectly benefiting from tailwinds like the ageing population and the growing Australian population.

The ASX share has an occupancy rate of 99%, with 75% of its leases linked to CPI – it’s generating solid rental growth. The business also has a large development pipeline worth at least $1 billion, which can generate further rental profits. The weighted average lease expiry (WALE) is around 12 years, suggesting appealing long-term rent is locked in.  

It’s expected to pay a distribution of 8 cents per unit in FY24, which would be year-over-year growth of 5%. This would be a distribution yield of 5.6%.

Telstra Group Ltd (ASX: TLS)

Telstra is the leading telecommunications company in Australia. One of the most attractive elements of the business is that it continues to win new subscribers. Spreading more subscribers over the same network has the potential to increase profit margins. Not only that, but its average revenue per user (ARPU) is rising.

The business has a goal of increasing the annual passive income per share for shareholders over time.

It’s projected to pay an annual dividend per share of 18 cents per share in FY24, which would be a grossed-up dividend yield of 6.7%. By FY26 it could be paying an annual dividend per share of 20 cents, which would be a grossed-up dividend yield of 7.4%.

Metcash Ltd (ASX: MTS)

Metcash is the ASX share that supplies a large number of food and liquor businesses including IGA, Cellarbrations, The Bottle-O, IGA Liquor, Porters Liquor, Thirsty Camel, Big Bargain Bottleshop and Duncans.

It also has a hardware division which includes the businesses Total Tools, Mitre 10, Home Timber & Hardware and other smaller names. It recently announced it’s acquiring one of the largest frame and truss businesses.

I like the move by the business to acquire Superior Food, an industry leader servicing a broad range of customers across the food service sector. It has partnerships with mining sites, restaurants, cafes, canteens, caterers, schools, universities, healthcare and aged care facilities.

The ASX share is committed to a passive income dividend payout ratio of 70% of underlying net profit after tax (NPAT). It’s projected to pay a grossed-up dividend yield of 7.3% in FY24.

Centuria Industrial REIT (ASX: CIP)

This is another REIT that has impressive metrics and a strong rental outlook. It has a portfolio occupancy rate of 97.2% and a portfolio WALE of 7.5 years.

One of the most impressive elements is that in the FY24 first-half result, it achieved positive re-leasing spreads of 51% across 17 transactions. This essentially means its rental income is 51% higher on the new rental contracts compared to the former contract.

This extraordinary rental income growth shows the huge demand for logistics properties and could unlock excellent rental profit growth in the coming years as all of the contracts come up for renewal.

The ASX share has identified a $1 billion future urban infill industrial development pipeline, “capitalising on sustained tenant demand”, in the business’ words.

It’s expecting to pay a distribution of 16 cents per unit in FY24, which would be a distribution yield of 4.5%. I expect the distribution to grow significantly over the rest of the decade.

The post Where I’d invest $30,000 in ASX shares for passive income appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Buy Woodside shares and these ASX 200 dividend giants now
• Top brokers name 3 ASX shares to buy next week
• Here’s how the ASX 200 market sectors stacked up last week
• 5 oversold ASX shares to buy in March 2024
• How are ASX REITs smashing 52-week highs despite today’s market meltdown?

Motley Fool contributor Tristan Harrison has positions in Metcash. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool 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.

from The Motley Fool Australia https://ift.tt/L1rAaTm

Do you own shares of ASX 200 annuities provider Challenger Ltd (ASX: CGF)? Well, you’re in luck, because today, there’s some cash coming your way. That cash will come in the form of Challenger’s latest dividend, of course.

In the middle of last month, Challenger, like many ASX 200 shares, gave investors a look at its latest earnings report. In this case, it was a fairly pleasing report for shareholders to read through. For the six months ending 31 December 2023, the company reported total assets under management of $117 billion, which represented an 18% increase year on year.

Challenger also delivered a normalised net profit before tax of $290 million, up 16% over the same period in 2022. That helped the company report a statutory profit after tax of $56 million, up 80%.

This all enabled Challenger to declare an interim dividend of 13 cents per share, fully franked, for the half. That was up 8% over the interim dividend of 12 cents per share investors enjoyed this time last year.

So this dividend is obviously the paycheque we’re discussing today.

Unfortunately, if you don’t already own this stock, the ex-dividend date for the payment (20 February) has already passed us by. But if you owned shares before that ex-dividend date, you are indeed eligible for today’s payment.

Today’s interim dividend of 8 cents per share compliments the final dividend of 12 cents per share (also fully franked) that investors enjoyed back in September of last year. It takes Challenger’s annual dividend total to 25 cents per share.

At Challenger’s closing share price (as of yesterday afternoon) of $6.65, this gives the company a dividend yield of 3.76%.

Challenger share price snapshot

This stock has had a moderately positive, if not wildly successful, few months on the share market. The Challenger share price is up 1.84% year to date, as well as up 7.26% over the past 12 months.

At this share price, Challenger has a market capitalisation of $4.59 billion, with a price-to-earnings (P/E) ratio of 27.86.

The post Own Challenger shares? There’s cash coming your way today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• If I buy $8,000 of Challenger shares, how much passive income will I receive in 2024?
• Are Challenger shares becoming a top ASX dividend pick?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/cQyLYN7

If you’re looking for ASX tech shares to buy, then it could be worth checking out Chrysos Corporation Ltd (ASX: C79).

In case you’re not familiar with Chrysos, it provides technology solutions to the global mining industry.

Its flagship product is PhotonAssay, which was developed at Australia’s national science agency, CSIRO.

PhotonAssay delivers faster, safer, more accurate, and environmentally-friendly analysis of gold, silver, copper and other elements. The company notes that the technology has rapidly displaced slower, more hazardous and costly processes to become the mining industry’s most innovative and valuable assaying solution.

Last month, the company revealed that its growing popularity with end users helped underpin a sizeable 62% increase in revenue to $19.8 million during the first half of FY 2024.

Why is Chrysos an ASX tech share to buy?

Bell Potter notes that UK-based mining services provider Capital has just released its results and outlook for 2024.

Its subsidiary MSALABS has the largest international network of Chrysos PhotonAssay technology.

According to the note, deployments into MSALABS’s network is on track and the company has reiterated its multi-year expansion strategy, which emphasises PhotonAssay deployments.

Bell Potter highlights that Capital advised that “MSALABS relationship with Chrysos remains strong and will see the deployment of 21 units” in 2024. This compares to its previous guidance for these 21 deployments to be made by 2025.

It sees this as a big positive and appears to believe it supports its view that PhotonAssay is on its way to winning a significant market share. It commented:

We believe C79’s disruptive PhotonAssay technology will command a significant foothold within the large gold assaying market (BPe 25% market penetration by FY30), with current lease agreements providing good near-term deployment visibility. These lease agreements with some of the largest gold miners and international laboratory businesses provide third-party technical and commercial validation for PhotonAssay technology adoption, which should support further industry take-up.

Big returns could be coming

The note reveals that Bell Potter has reaffirmed its buy rating on the ASX tech share with a price target of $8.30.

Based on its current share price of $6.55, this implies potential upside of approximately 27% for investors over the next 12 months.

The post Why Bell Potter thinks this ASX tech share is a top buy appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Buy this ASX All Ords stock for a 15% gain and 9% dividend yield
• 3 Australian shares to buy and hold forever in your ASX portfolio
• 3 ASX dividend shares to buy for a passive income boost
• 5 things to watch on the ASX 200 on Tuesday
• The best ASX shares to invest $500 in right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/xr39Flh

It’s always nice to be able to find an ASX All Ords stock that offers both market-beating gains and above-average dividend yields.

The only problem is that they are few and far between on the Australian share market.

But Goldman Sachs thinks it has identified an ASX All Ords stock that could do just this. That is fund manager GQG Partners Inc (ASX: GQG).

What is the broker saying about this ASX All Ords stock?

Goldman notes that GQG Partners has announced plans to acquire minority interests in Avante Capital Partners, Proterra Investment Partners, and Cordillera Investment Partners from Pacific Current Group Ltd (ASX: PAC).

This will create GQG Private Capital Solutions (PCS), which the company believes can become a strategic partner of choice for middle market private capital investment managers and offer compelling investment opportunities for clients.

Goldman is positive on the plan, it commented:

We think this acquisition is consistent with GQG’s strategy and is a capital light approach to gain exposure to private markets (credit and equity) through debt financing. As stated, GQG’s PCS division will provide financing and strategic solutions.

And while the businesses being acquired have been performing mixed, the broker sees reason to be positive. It adds:

Based on company released funds data, these businesses being acquired have shown mixed FUM performance. We do note however that these businesses have a pipeline of new product launches + access to GQG’s global distribution capability and clients. We make no earnings changes as the acquisition is yet to complete.

Big gains and yields

As mentioned above, Goldman hasn’t made any changes to its estimates yet. For now, it is forecasting earnings per share of 12 US cents (18.3 Australian cents) in FY 2024 and 14 US cents (21.3 Australian cents) in FY 2025. This means its shares are changing hands at an estimated 11.3x FY 2024 earnings and under 10x estimated FY 2025 earnings. This is well below average.

As for income, the broker is forecasting unfranked dividends of 12 US cents (18.3 Australian cents) in FY 2024 and 13 US cents (19.8 Australian cents) in FY 2025

So, with this ASX All Ords stock currently trading at $2.08, this will mean dividend yields of 8.8% and 9.5%, respectively, for investors.

Goldman also sees 15.4% upside for GQG’s shares with its buy rating and $2.40 price target. This brings the total potential return on offer with its shares to approximately 24% over the next 12 months.

The post Buy this ASX All Ords stock for a 15% gain and 9% dividend yield appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 2 ASX growth stocks I’d buy for rapidly rising profit
• I think they can! 3 ASX shares that can keep chugging higher
• 3 high-yield ASX dividend shares that pay cash every quarter
• Got $10,000 to invest? How to turn it into monthly income
• Why Cettire, GQG, Mesoblast, and Nine Entertainment shares are falling today

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 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.

from The Motley Fool Australia https://ift.tt/dDyOZIn