Building a secondary retirement pot to complement an existing superannuation fund can have a few advantages.

Superannuation is still mightily attractive for stowing away money for future self, given its 15% tax rate. However, some limitations make a retirement vehicle separate from a super fund a practical option. This can be especially true for anyone wanting to deviate from the usual timelines and expectations surrounding retirement.

Why a second retirement fund?

In my opinion, wealth is merely a tool to do more of what you want in life (as opposed to doing what you must). Part of this freedom means spending less time working and more time living! So, it would be a logical desire to retire early with that hard-earned nest egg known as superannuation.

This is all well and good unless you enjoy some amount of work. Many of us find purpose, social connection, and a sense of achievement in our jobs. That makes it difficult for people who want to enter semi-retirement if under 60 years old.

The rule for accessing superannuation before turning the big ‘6-0’ currently requires a person to cease work entirely with no intention of putting the boots back on. Instead, a secondary retirement fund would accommodate part-time work with no restrictions.

Which stocks would I buy?

The stocks befitting of a retirement fund will differ from person to person; there’s no one-size-fits-all solution. However, as someone effectively constructing their own retirement 2.0 fund, here’s my approach.

My investments are approximately a 50-50 split between individual stock picks and managed funds. This suits my risk appetite, ensuring I lose no sleep.

The managed funds portion of my portfolio sits across two micro-investing apps. However, I intend to soon move these funds into three exchange-traded funds (ETFs): Vanguard Msci Index International Shares ETF (ASX: VGS), Vaneck Morningstar Wide Moat ETF (ASX: MOAT), and Betashares Nasdaq 100 ETF (ASX: NDQ).

I look for investments that can deliver compounded growth into the future. Rather than optimising for maximum yield, my investment strategy centres around locating the largest total shareholder return (capital growth plus dividends).

The last thing anyone wants in retirement is a dividend trap.

How much is needed for early retirement?

Now comes the all-important question of ‘how much?’. It depends on the strategy applied, but let’s assume we’re using the funds until we can use our superannuation at 65 and still choose to work if we want.

According to the Australian Retirement Trust, an income of $51,000 per year is considered ‘comfortable’ for a single person between 65 and 84.

Assuming the same amount is adequate for a younger demographic, a $1,275,000 portfolio would be needed to generate $51,000 each year based on a 4% dividend yield.

Alternatively, the principal amount could be sold to supplement each year’s dividend income. This second scenario would require far fewer funds, so let’s calculate the necessary retirement fund size if this approach was taken.

Retiring at 55 years old: A second investment fund of $455,000, returning 3.8% in dividends and 6% capital growth per annum, could provide $51,000 (before taxes) through annual sell downs until reaching 65 years old.

Retiring at 50 years old: To semi-retire five years earlier, a person would need a retirement fund of $605,000 based on the same assumptions as above.

Retiring at 45 years old: A whole 20 years out from 65, an individual would need to have accumulated $730,000 in investments to pay out $51,000 annually.

The post How to build a second retirement fund outside of superannuation appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler 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 BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX dividend shares with the potential to pay good dividends and deliver growth could be attractive for a stress-free retirement.

In retirement, I want to own a core group of names that can send me pleasing cash flow each year, and own them for the long term. With that in mind, these are three of the S&P/ASX 300 Index (ASX: XKO) I own.

Rural Funds Group (ASX: RFF)

This business is a real estate investment trust (REIT) that owns farmland across a variety of sectors including almonds, macadamias, cattle, vineyards and cropping.

Over the long term, the business aims to grow its distribution by 4% per annum. This can be driven by the rental indexation which is built into most of its contracts, with some having fixed annual increases and some being linked to CPI inflation.

The business is regularly investing in productivity improvements which can improve the rental and capital value of the farms.

The ASX dividend share is expecting to pay a distribution yield of 5.6% for FY24. I think this is a good stock for retirement – the yield is good and it pays quarterly.

Metcash Ltd (ASX: MTS)

Metcash supplies a number of independent businesses, including IGA supermarkets, IGA liquor, Cellarbrations, The Bottle-O, Porters Liquor, Thirsty Camel, Big Bargain Bottleshop and Duncans.

The segment that excites me the most is the hardware division which includes Mitre 10, Total Tools and Home Timber & Hardware. This division has shown the ability to deliver good profit growth in the last few years. I think that long-term profit growth can continue as the economy recovers.

Metcash aims to pay out 70% of its underlying net profit after tax (NPAT) as a dividend payout ratio. In FY24 it’s expected to pay a grossed-up dividend yield of 7.8%, according to Commsec. That’s a strong yield for retirement.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Pattinson is a diversified investment house that is invested in a wide variety of sectors including resources, building products, property, agriculture, swimming schools, financial services, telecommunications and so on.

Some of the ASX shares it’s invested in include TPG Telecom Ltd (ASX: TPG), New Hope Corporation Limited (ASX: NHC), Brickworks Limited (ASX: BKW), Pengana Capital Group Ltd (ASX: PCG), Tuas Ltd (ASX: TUA) and BHP Group Ltd (ASX: BHP).

The business has paid a dividend every year since 1903 and it has grown its dividend each year since 2000. There’s no guarantee this streak will continue, but it’s attractive for investors in retirement looking for consistent income.

As the portfolio grows, I think the diversification and earnings can keep improving.

The ASX dividend share has a trailing grossed-up dividend yield of 3.6%.

The post The ASX shares I’m buying for a stress-free retirement appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Brickworks, Metcash, Rural Funds Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Rural Funds Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Metcash. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Flight Centre Travel Group Ltd (ASX: FLT) share price is one to watch today after the S&P/ASX 200 Index (ASX: XJO) travel stock reported its half-year results for the six months ending 31 December (1H FY2024).

Flight Centre shares closed up 1.8% yesterday, ending the day trading for $21.73 apiece.

Here’s what ASX 200 investors will be poring over this morning.

Flight Centre share price on watch amid profit boost

• Underlying profit before tax of $106 million, up 565% from $16 million in 1H FY2023
• Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $189 million, up 99% year on year
• Total transaction value (TTV) of $11.3 billion, up 15% from 1H FY2023
• Fully franked interim dividend of 10 cents per share; no interim dividend was paid for FY 2023

What else happened during the half year for Flight Centre?

Atop the welcome return of the interim dividend, the Flight Centre share price could get a boost today with the company reporting a 1.30% improvement in its revenue margin to 11.4%.

Noting that key operational strategies have been executed and are gaining traction, management said cost margins of just under 10% were “well below historic levels” and set for further reductions.

The $11.3 billion in TTV for the half year represented the company’s second-strongest start to a year, trailing only the first half of FY2020. And corporate TTV increased 16.8%, notching a new record $5.9 billion for the six months.

Capital expenditure for the six months came in at $49 million. This was primarily focused on technology and systems intended to enhance productivity and customer experience.

Among the big news for the half was the opening of Scott Dunn in New York. This gives Flight Centre a United States east and west coast presence. The company said that Scott Dunn continues to trade in line with expectations and will generate the bulk of its FY2024 profit during its peak second-half booking periods.

What did management say?

Commenting on the results that could move materially the Flight Centre share price today, managing director Graham Turner said:

At a time when discretionary budgets are typically tightening, travel remains an outlier and a priority spend for many. We are seeing ongoing solid demand for leisure and corporate travel, leading to our second strongest start to a year in TTV terms and accelerated activity in January and February, ahead of our busiest trading months…

We have capitalised on our current strength by investing $425million in capital management initiatives, including fully franked dividends for our shareholders, while also strengthening our systems and tech platforms and fast-tracking growth of emerging businesses that should become significant future profit generators.

What’s next?

Looking at what could impact the Flight Centre share price in the months ahead, Turner said, “We are well placed for the full year as we approach our busiest trading months. We have good momentum and early 2H trading has been strong.”

The company said that TTV is on track to surpass the record $23.7 billion result achieved during FY2019 “as leisure customers continue to prioritise travel and as the corporate business continues to win accounts to more than offset lower overall customer spend”.

Due to a non-cash change unrelated to trading performance, Flight Centre increased its FY 2024 guidance for underlying profit before tax to between $300 million and $340 million, up from the prior $270 million to $310 million.

Flight Centre share price snapshot

As of market close yesterday, the Flight Centre share price was up 16% over 12 months.

The post Flight Centre share price on watch amid 565% half-year profit surge 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 recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Pilbara Minerals Ltd (ASX: PLS) share price closed at $3.88 on Tuesday, flat for the day.

Over the past 12 months, the ASX lithium share has lost 6.95% of its value.

That’s actually a pretty resilient performance when you consider the lithium carbonate price has plummeted around 75% over the same period.

Perhaps that’s why investors appeared unperturbed by last week’s 1H FY24 report in which Pilbara Minerals revealed a savage fall in revenue and profit over the six months to 31 December 2023.

Let’s recap.

Pilbara Minerals share price unmoved by 1H FY24 profit dive

Last Thursday, Pilbara Minerals reported a 65% revenue decline to $757 million in 1H FY24. This was brought about largely because of a 67% reduction in the average realised price for lithium.

A 7% lift in sales failed to offset the impact of plunging lithium commodity prices. EBITDA plummeted 77% to $415 million and underlying profit after tax dropped 78% to $273 million.

In light of this, the company’s board opted not to pay an interim dividend for 1H FY24.

Pilbara Minerals only started paying dividends in March last year. The stock paid a maiden interim dividend of 11 cents and a final dividend of 14 cents in September 2023.

Despite all this gloomy news, the Pilbara Minerals share price was unmoved on Thursday. Literally. The ASX lithium stock finished the day unchanged at $3.66 per share.

Investors looking ahead?

Since releasing its results, Pilbara Minerals shares have actually moved up by 6% to where they are now.

Perhaps that’s because some brokers are still bullish on the 12-month outlook for the lithium stock?

As is usual, several brokers have commented on the Pilbara Minerals 1H FY24 report and adjusted their ratings and 12-month share price targets accordingly.

Let’s take a look at what the experts have said over the past few trading days.

Should you buy Pilbara Minerals shares?

Citi is the latest broker to weigh in on whether investors should buy Pilbara Minerals at today’s share price.

As reported in The Australian, it’s a firm ‘no’ from the Citi team, with the analysts cutting their rating to sell. Citi now has a 12-month target of $3.60 on Pilbara Minerals, which is lower than today’s share price.

Goldman Sachs also remains bearish on the ASX lithium share. After Pilbara Minerals’ 1H FY24 report, the broker reiterated its sell rating and reduced its 12-month share price target to $2.90.

This implies a potential downside of 25% from here for Pilbara Minerals shares.

However, there’s an alternative view.

Analysts at Morgans retained their add rating on Pilbara Minerals, albeit with a trimmed share price target of $4.50 following the half-yearly report.

Morgans said the report fell short of its expectations. However, the broker thinks the company is well-positioned to capitalise on rebounding lithium prices in due course.

Megan Stals, a market analyst at online brokerage platform Stake, notes that the miner is moving ahead with two major expansion projects that could see it take more market share ahead of any rebound.

Stals said Pilbara is a low-cost operator, which gives it an advantage amid today’s lithium price slump.

So, perhaps the Pilbara Minerals share price has risen 6% since the miner’s half-yearly report because investors are looking ahead and seeing good value?

Indeed, Pilbara Minerals remains among the top 10 most popular buys on the Stake platform today.

Following Thursday’s results, Stals said, “We have seen twice as many buys as sells, showing investors are on the whole still positive about Pilbara’s long-term prospects.”

Farhan Badami, eToro market analyst, said Pilbara’s P680 and P1000 projects are on track for completion in FY25 and FY26, respectively, and these would significantly increase production capacity.

Badami commented:

… Pilbara isn’t just weathering the storm; they’re strategically positioning themselves for the sunshine. Their strong balance sheet provides a crucial buffer against market volatility, and their focus on expansion underscores their confidence in the long-term potential of the lithium market.

He said investors seeking short-term rewards may be wary of Pilbara Minerals shares today.

However, investors with a longer-term horizon “may find value in their solid fundamentals, strategic investments and potential to emerge stronger from this downturn”.

The post Should you buy Pilbara Minerals shares today? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen 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.

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Domino’s Pizza Enterprises Ltd (ASX: DMP) shares have been having a tough time in 2024.

Since the start of the year, the ASX growth stock has lost 25% of their value.

Is this a buying opportunity or should you stay clear of the pizza chain operator’s shares?

Is this ASX growth stock a buy?

The broker community is feeling relatively positive on Domino’s following its half-year results earlier this month.

For example, the teams at Morgan Stanley and Ord Minnett see major upside potential for the ASX growth stock from current levels.

They have price targets of $68.00 and $61.00, respectively. This implies potential upside of 55% and almost 40% for investors over the next 12 months.

To put that into context, a $10,000 investment could turn into approximately $15,500 or $14,000 if these brokers are on the money with their recommendations.

What else is being said?

Elsewhere, Morgans and Goldman Sachs have the equivalent of hold ratings with price targets of $45.00 and $39.70.

Goldman Sachs feels that its shares are about fair value. Though, it acknowledges that there is potential for it to become more positive. It explains:

The company is trading at 25x P/E vs 3-yr EPS CAGR FY23-26e of 15%, which we deem fair relative to the rest of our Consumer/Retail coverage. In order to turn more positive, we would like to see more clarity around Japan/France SSSG pivot, confidence in mgmt team’s ability to execute with local adaptability and hence franchisee payback period to return in key regions to 3-4yrs; we currently calculate ANZ/Europe is ~4years while Japan is ~6years+.

On balance, brokers appear to believe Domino’s could be a decent option for investors look for ASX growth stocks to own.

The post This ASX growth stock is down 25%: Buy, sell, or hold? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Goldman Sachs Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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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With the S&P/ASX 200 Index (ASX: XJO) up 9% since October, Aussie investors would do well to pay attention to Warren Buffett to cash in on the potential bull run ahead.

The Oracle of Omaha wasn’t particularly wealthy when he began his career as a young man.

But by sticking to some surprisingly simple investing techniques, he became a billionaire by the time he was 56.

And he didn’t stop there.

Now, aged 93 and still actively managing Berkshire Hathaway, Warren Buffett is worth more than US$137 billion (AU$210 billion), according to Forbes.

And with the Australian stock market looking like it may be set for a bull market in 2024, I aim to follow his advice to make the most of it.

Big barriers to entry

In his latest letter to Berkshire shareholders, Buffett wrote:

We want to own either all or a portion of businesses that enjoy good economics that are fundamental and enduring. Within capitalism, some businesses will flourish for a very long time while others will prove to be sinkholes.

One of the core criteria Warren Buffett looks for to find a flourishing company is large barriers to entry for any would-be competitors. Or moats, if you will.

“In business, I look for economic castles protected by unbreachable moats,” he says.

It’s not surprising then that one of Berkshire’s larger holdings is Coca-Cola Co (NYSE: KO).

The Sage of Omaha is not only a big daily consumer of the soft drink, but he also believes its moats are unbreachable.

“If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I’d give it back to you and say it can’t be done,” he’s said.

Think long-term like Warren Buffett

Another valuable piece of advice for Aussie investors in the lead-up to a potential bull run on the ASX 200 is to keep thinking long-term and not try to second guess the market by chasing risky short-term gains.

“Our favourite holding period is forever,” Warren Buffett once opined.

Commenting on Coca-Cola at the recent shareholders meeting, he doubled down on that advice, saying, “When you find a truly wonderful business, stick with it. Patience pays, and one wonderful business can offset the many mediocre decisions that are inevitable.”

Keeping your eyes on the long-term horizon is a great way to cruise through the daily volatility of the share markets without getting spooked into selling near the lows or goaded into buying near the highs.

If you don’t get it, don’t invest in it

Another golden rule to keep in mind when the ASX 200 bull run kicks off in earnest is to stick to investing in companies whose business models you understand.

It’s one of the reasons Warren Buffett won’t invest in cryptos like Bitcoin (CRYPTO: BTC).

“You don’t have to be smart, as long as you stick to what you know,” he said.

But you do need to control the impulse to try and time the markets, which often sees investors buying and selling at inopportune times.

According to Buffett:

Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

The post A bull market could be coming in 2024. Here’s Warren Buffett’s investing advice to help you cash in on it 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 positions in and has recommended Berkshire Hathaway and Bitcoin. The Motley Fool Australia has recommended and has positions in Bitcoin. The Motley Fool Australia has recommended Berkshire Hathaway. 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 number of the highest quality ASX shares on the local share market trade with share prices above $100.

This includes the likes of Cochlear Ltd (ASX: COH), CSL Ltd (ASX: CSL), REA Group Ltd (ASX: REA), and Xero Ltd (ASX: XRO).

It is worth noting that a company’s share price in isolation doesn’t indicate that a company is overvalued or not. Brainchip Holdings Ltd (ASX: BRN) is arguably the most overvalued stock on the Australian share market with a share price of 32 cents.

However, one disadvantage with ASX shares that have large share prices is that it can be difficult to purchase them if you’re operating on a budget of say $500.

For example, two CSL shares will set you back $570 and two Cochlear shares will cost you $684.

The good news is that there are a number of ASX shares trading under $30 that could be no-brainer buys according to analysts. Three are named below:

Life360 Inc (ASX: 360)

This rapidly growing location technology company’s shares are currently changing hands for $7.77. This means you could buy 65 shares with a $505.05 investment.

Goldman Sachs is very bullish on the company’s growth outlook. So much so, it has a buy rating and $10.50 price target on its shares.

If Life360’s shares were to rise to that level, your 65 units would be worth $682.50.

ResMed (ASX: RMD)

This sleep disorder treatment could be a top ASX share to buy on a budget. With a share price of $27.85, it would cost you $501.30 to buy 18 units.

Morgans has named the company as one of its best ideas this month with an add rating and $32.82 price target.

If this recommendation proves accurate, your 18 ResMed shares would be worth $590.76.

Treasury Wine Estates Ltd (ASX: TWE)

Wine giant Treasury Wine could be an ASX share to buy right now. With a $502.66 investment you could pick up 41 units.

Morgans is also a big fan of the company and has an add rating and $14.03 price target on its shares. This price target values your 41 Treasury Wine shares at $575.23.

The post 3 no-brainer ASX shares to buy under $30 appeared first on The Motley Fool Australia.

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When presented with an opportunity to buy an ASX dividend stock offering a high yield, it is entirely reasonable to be sceptical.

After all, you don’t want to be buying into a business that’s declining or has forces beyond its control working against it.

Because that could lead to falls in future dividend payments or, arguably worse, a calamitous drop of the share price.

There’s not much use harvesting 10% yield if the stock is only worth half of what you bought it for.

How is the Accent Group travelling?

After the latest dividend announcement this month, fashion retailer Accent Group Ltd (ASX: AX1) is now paying a fully franked yield of 7.2%.

That’s a nice income producer, but is it worth buying?

The best barometer of how the business is going is the half-year results it presented during the current reporting season.

And unfortunately, Accent Group did not flatter itself.

The Motley Fool’s James Mickelboro reported that all major metrics were down for Accent Group to start the 2024 financial year.

“Sales down 1.7% to $810.9 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) down 7.5% to $157.5 million.

“Net profit after tax (NPAT) down 27.6% to $42.2 million.”

And the new payout of 8.5 cents per share was 29% lower than a year ago.

The market duly punished the dividend stock, sending the share price 8% down in early trade after the results announcement.

Accent Group runs footwear and clothing chains such as The Athlete’s Foot, Glue, Hype, and Ugg.

As a merchant of consumer discretionary goods, it’s apparent it’s starting to feel the pinch of its consumers straining under the weight of 13 interest rate rises.

What do fund managers think of this dividend stock?

However, professional investors don’t seem to be massively put off.

There have been no major movements in broker recommendations or share price targets since the half-year numbers were revealed on Friday.

According to CMC Invest, five of 12 analysts are keeping their strong buy rating for Accent Group. 

Four are urging a hold, while only three are recommending selling.

Perhaps the Bell Potter team put it best when it reiterated its buy rating.

“We remain constructive on Accent Group given the scale and exposure in terms of channels, brands and size as the overall industry navigates a challenging retail spend environment in addition to growing a vertical brand strategy (~8% on owned sales) and growth adjacencies within The Athlete’s Foot and via exclusive partnerships with globally winning brands as Hoka.”

The post Is this the best high-yield ASX dividend stock for you? appeared first on The Motley Fool Australia.

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More reading

• Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields
• Brokers say these ASX dividend shares are buys
• Leading brokers name 3 ASX shares to buy today
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today
• Accent share price sinks 8% on earnings slump and dividend cut

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent 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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Are you looking for some new additions to your income portfolio? If you are, then read on.

That’s because listed below are three ASX dividend shares that brokers have recently named as buys and tipped to offer 5%+ dividend yields.

This means that $10,000 invested in their shares would yield at least $500 in passive income.

Here’s what you need to know:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is Accent. It owns a collection of footwear focused retail store brands such as The Athlete’s Foot, Stylerunner, HYPEDC, and Sneaker Lab.

Bell Potter is positive on the company and believes recent weakness has created a buying opportunity for investors. It has a buy rating and $2.50 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the current Accent share price of $1.97, this represents dividend yields of 6.6% and 7.4%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that analysts are bullish on is Rural Funds.

It is an agricultural property company that generates revenue from leasing almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, cattle and water rights.

Bell Potter is also positive on the company and has a buy rating and $2.40 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.10, this will mean yields of 5.6% for investors.

Stockland Corporation Ltd (ASX: SGP)

Finally, this residential and land lease developer and retail, logistics and office real estate property manager could be another ASX dividend share to buy.

That’s the view of analysts at Citi, which currently have a buy rating and $5.00 price target on its shares.

As for income, Citi is forecasting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the Stockland share price of $4.47, this represents dividend yields of 5.9% and 6%, respectively.

The post Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields appeared first on The Motley Fool Australia.

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More reading

• Brokers say these ASX dividend shares are buys
• Leading brokers name 3 ASX shares to buy today
• 3 ASX shares to buy and hold forever
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today
• Accent share price sinks 8% on earnings slump and dividend cut

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Accent 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) fought hard for a small gain. The benchmark index ended the day 0.1% higher at 7,663 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise again on Wednesday despite a mixed session in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 11 points or 0.15% higher. In late trade on Wall Street, the Dow Jones is down 0.4%, the S&P 500 is flat, and the Nasdaq is 0.2% higher.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good session after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.6% to US$78.80 a barrel and the Brent crude oil price is up 1.2% to US$83.52 a barrel. Traders are anticipating production cuts from OPEC.

Flight Centre results

The Flight Centre Travel Group Ltd (ASX: FLT) share price will be on watch today when the travel agent releases its half-year results. Goldman Sachs expects sales growth of 28.5% to $1,288.1 million and earnings before interest and tax (EBIT) growth of 344.9% over the prior corresponding period. This is modestly higher than the market consensus estimate.

Gold price rises

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a reasonably positive session on Wednesday after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.2% to US$2,042.3 an ounce. Traders appear to be expecting upcoming US inflation data to support rate cuts.

Coles rated as a sell

Coles Group Ltd (ASX: COL) shares are overvalued according to analysts at Goldman Sachs. This morning, in response to the supermarket operator’s half-year results, the broker has retained its sell rating with an improved price target of $15.10. This implies 10% downside from current levels. It said: “FY24-26e EBIT +2% to 6% on positive cost management though still below Consensus on EBIT with relative valuation gap closed.”

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here’s everything you need to know about the Woodside dividend
• Why Coles, G8 Education, Helia, and Reece shares are storming higher
• Everything you need to know about the new Coles dividend
• Woodside share price rises despite 74% decline in FY23 profits

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. 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 Coles Group. The Motley Fool Australia has recommended Flight Centre Travel 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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