Do you want a passive income boost? If you do, then the ASX dividend shares listed below could be the way to do it.

Here’s why these could be passive income shares to buy now:

Transurban Group (ASX: TCL)

The first ASX share that could provide investors with a passive income boost is Transurban.

Citi believes the toll road operator could be a great option in the current environment due to its positive exposure to inflation. It commented:

With concerns around inflation being more sticky and higher for longer, we believe investors are likely to remain attracted to companies providing protection to rising inflation. We see TCL as being particularly attractive given ~70% of toll revenue is linked to inflation, downside protection to traffic even if we enter a recessionary period (given exposure to urban roads), and inorganic upside from the current and future development pipeline.

As for dividends, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.12, this will mean yields of 4.1% and 4.25%, respectively.

Citi has a buy rating and $16.00 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share that has been tipped as a buy is Universal Store.

Goldman Sachs believes the growing youth fashion retailer could be a great option. This is due to the company’s exposure to younger consumers, which it expects to continue spending thanks to minimum wage increases and their lower exposure to rising interest rates. It explained:

We believe the young Australian consumer is uniquely resilient to inflationary and broader economic pressures given (1) a high proportion live at home; (2) more than two-thirds are working; (3) high and increasing minimum wage entitlements and; (4) a heavy skew towards discretionary spending.

In respect to dividends, the broker is forecasting fully franked dividends of 27 cents in FY 2023 and 34 cents in FY 2024. Based on the latest Universal Store share price of $4.95, this equates to yields of 5.45% and 6.9%, respectively.

Goldman Sachs currently has a buy rating and $8.05 price target on its shares.

The post 2 growing ASX passive income shares to buy now: brokers appeared first on The Motley Fool Australia.

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More reading

• Huge yields! These are the best ASX passive income shares to buy now: Morgans
• Give yourself a passive income boost with these growing ASX 200 dividend shares: analysts
• Buy these 3 ASX retail shares: Morgans
• Experts name 2 high quality ASX 200 shares to buy for your retirement portfolio
• Dividends: Why analysts rate these ASX shares highly

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

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The global banking system is being tested this month. Could March 2023 be the start of another stock market crash?

We’ve already seen the collapse of Silicon Valley Bank (SVB), though it has reportedly been sold to First Citizens.

Credit Suisse is being taken over by UBS in what seems to be an emergency deal.

Investors have now turned their attention to the troubled German bank Deutsche Bank. The Deutsche Bank share price has dropped around 25% since 9 March 2023.

We’ve seen large declines in some of the biggest ASX bank shares recently. For example, the Commonwealth Bank of Australia (ASX: CBA) share price has fallen 13% since 14 February this year. The Westpac Banking Corp (ASX: WBC) share price is down 11% over the same time, and the ANZ Group Holdings Ltd (ASX: ANZ) share price has dropped around 13%.

How likely is a stock market crash?

In some ways, we could say that there already has been a sell-off. Since 9 March, the S&P/ASX 200 Index (ASX: XJO) has dropped 4.8%. I wouldn’t call that a crash, but it’s a decent fall in just a few weeks.

However, the rest of the global share market hasn’t declined like that. Banks are a sizeable presence in the global economy, but they have a bigger presence on the ASX than other markets. The S&P 500 Index (INDEXSP: .INX) is down less than 1% since 8 March 2023.

But, investors may remember the terrible impact the 2008 global financial crisis (GFC) had on the share market. In the northern hemisphere, banks collapsed, and there was a stock market crash across the global economy.

Another GFC or fallout from inflation?

ANZ CEO Shayne Elliott believes this period of instability is different to the GFC. The Australian Financial Review quoted him:

The GFC was fundamentally a crisis around the quality of assets and the loans that banks make, and that’s not what the risk is here. This is a different issue. This is really to do with the global war on inflation and how central banks are raising rates very quickly in order to combat that, and that has casualties.

I can almost guarantee regulators around the world are thinking of new things they need to put in place to protect depositors and the economy from change going forward. And so there will be a whole bunch of things that we need to prepare for.

He also suggests that there’s always a “casualty” in these events, though regulators and governments will try to limit the damage.

I think that governments will try to do everything they can to ensure that households and businesses aren’t hurt much, even if banks do run into trouble.

My view on ASX bank shares

In my opinion, the ASX bank shares aren’t in any real danger – I think they’re too well capitalised to collapse.

It would be problematic if there was a cascade of sizeable bank failures in the US or Europe. I’d say that would likely cause a bear market. But, I don’t think that’s the most likely outcome at this stage.

It’s only when lots of depositors yank their funds out of a bank that we’d see any more sizeable banks run into trouble, in my opinion. But, I think the COVID-19 pandemic period and recent weeks have shown that governments will probably do what’s needed to protect the safety of the whole economic system.

But, investor jitters can send share prices down rapidly, causing a temporary stock market crash.

If there were a large decline, I’d look at past crashes like the GFC and COVID-19 to give me confidence that, at some point, share prices would likely recover. I think it’s times of global economic distress that can present the best times for investors to buy shares.

The post Will the turmoil among global banks trigger a stock market crash? appeared first on The Motley Fool Australia.

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More reading

• Banking crisis ‘clearly not over’: ANZ
• A director is buying up CBA shares. Should you?
• Best ASX 200 bank share to buy now: ANZ vs Westpac
• ASX 200 bank shares lift despite Deutsche Bank stock tumble
• How I’d aim for $250 in monthly passive income from ANZ shares

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

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Are you wanting to buy some ASX growth shares but aren’t sure which ones to buy? Don’t worry, because analysts have recently tipped the two listed below as buys.

Here’s why these could be the growth shares to buy right now:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share to buy could be Aristocrat Leisure. It is one of the world’s leading gaming technology companies with operations covering poker machines, mobile games, and real money gaming.

Morgans is very positive on the company’s long term growth potential. It commented:

We’re optimistic about ALL’s long-term growth potential, given its superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses. Additionally, ALL has a high cash conversion rate and ROCE, despite running a capital-light model. Additionally, ALL has ample funding for investment in online RMG, even following the recent buyback extension.

It currently has an add rating and $43.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share that could be a buy is Temple & Webster. It is Australia’s leading pureplay online furniture and homewares retailer. It also has a smaller online business that is trying to challenge Bunnings.

While time will tell whether its new business will succeed, Goldman Sachs doesn’t appear to believe that needs to happen to make Temple & Webster shares a successful investment. This is due to its strong position in a retail category that is in the early stages of shifting online. It recently commented:

Our Buy thesis is predicated on the following key drivers: (1) we believe TPW is well positioned in the upcoming cycle to continue to grow market share, despite a weaker macro environment; (2) in our view TPW is best placed to be a winner in a category that favours scale players, requires a specialised approach to e-commerce, and has higher barriers to entry vs. other retail categories; and (3) greater focus on costs is a sensible strategy to balance near-term profitability with growth.

Goldman has a buy rating and $6.50 price target on its shares.

The post Want big returns? Buy these ASX growth shares: analysts appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• 5 things to watch on the ASX 200 on Monday
• Brokers name 3 ASX shares to buy now
• Citi rates these 3 ASX 200 blue chip shares as buys
• Buy Pilbara Minerals and this exciting ASX growth share: analysts

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 Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster 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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ASX gold shares could be a place to find safety and even positive returns. Certainly, there is significant volatility in share markets worldwide at the moment, but perhaps gold can be the antidote.

The global banking sector continues to see volatility, with Deutsche Bank being the latest bank to see investor uncertainty.

Gold has been a store of wealth for thousands of years and has tracked inflation over time.

For some reason, the yellow metal has managed to build a reputation of being a hedge against share market and other asset declines.

Indeed, being able to benefit from something going up when other assets go down could be a very useful strategy, if it works.

However, ASX gold mining shares can have similar sorts of risks to those of other commodities. So, I’d want to choose gold assets that seem relatively trustworthy in the face of all this uncertainty, like the two potential options below.

Evolution Mining Ltd (ASX: EVN)

Evolution Mining is an ASX gold mining share that operates five wholly-owned mines: Cowal in New South Wales, Mungari in Western Australia, Mt Rawdon and Ernest Henry in Queensland, and Red Lake in Ontario, Canada.

What investors may notice about that list is that all of the mines are located in dependable countries where there are high levels of trust in mining and taxation laws, as well as a strong belief in capitalism. In other words, I like the jurisdictions where Evolution Mining’s mines are located.

The business is expecting to significantly increase its gold production, with the company projecting a 25% increase between FY22 to FY24. In FY24, Evolution could produce 800,000 ounces of gold. In the first half of FY23, it made around US$330 million of operating mine cash flow.

It also has exposure to copper through its Ernest Henry operations.

In FY24, the ASX gold share is expected to generate earnings per share (EPS) of $2.95 and pay annual dividends of 9.5 cents per share. That means the current Evolution Mining share price is valued at under 12x FY24’s estimated earnings with a potential grossed-up dividend yield of 4.6%.

Global X Physical Gold ETF (ASX: GOLD)

If investors want to try to avoid exposure to mining risks, then I think I’d want to choose an exchange-traded fund (ETF) like this one – it’s backed by physical gold. Each physical bar is segregated, individually identified, and allocated.

The ETF comes with an annual management cost of 0.40%. The physical gold bullion is held in the vault(s) of the bank of JPMorgan Chase in London. This vault is audited twice a year, with the auditor’s reports made available for investors to inspect.

ETF’s unit price has risen nicely over the past decade, but it’s impossible to say what the value of the ETF will do in the future.

The post These are the ASX gold shares I’d buy amid the banking squeeze appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• ASX 200 gold shares are defying today’s sell-off. Here’s why
• 5 things to watch on the ASX 200 on Thursday

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

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Stock in S&P/ASX 200 Index (ASX: XJO) maltster United Malt Group Ltd (ASX: UMG) has been put into the freezer today as the company prepares to react to what looks like a takeover proposal.

The share will remain frozen until it reveals the details of its apparent suitor and their bid or the market opens on Wednesday, whichever comes soonest.

The United Malt share price last traded at $3.44.

Let’s take a closer look at what’s going on with the ASX 200 consumer staples share this week.

ASX 200 share frozen amid takeover approach

The United Malt share price has been halted amid “a potential change of control transaction” involving the company.

And the suitor behind what appears to be a takeover bid? That’s broadly reported to be European peer Malteries Soufflet.

Malteries Soufflet was itself acquired by agriculture group InVivo in 2021, with global investment firm KKR buying a significant minority stake alongside Bpifrance and Crédit Agricole Group around the same time.

United Malt became the world’s fourth largest independent commercial maltster on demerging from GrainCorp Ltd (ASX: GNC) in 2020.

The demerger was intended to create shareholder value by splitting the two businesses into separate ASX 200 agribusiness companies.

However, the United Malt share price has disappointed since. The stock has fallen 16% since it listed. Though, it’s jumped 21% since hitting an all-time low of $2.81 in October 2022.

As of Friday’s close, the maltster boasts a market capitalisation of around $1 billion.

Goldman Sachs is advising the company’s suitor while Macquarie provides advice to United Malt, according to reporting by the Australian Financial Review.

United Malt tipped financial year 2023 to bring a “material increase in earnings” on posting its full-year results in November 2022.

Its underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 23.2% last fiscal year to $105.9 million. Meanwhile, its revenue lifted 13.9% to $1.4 billion on the back of higher barley prices.

United Malt share price snapshot

The United Malt share price has underperformed the ASX 200 in recent months.

The stock has fallen 1.4% since the start of 2023. It is also currently 9% lower than it was this time last year.

For comparison, the ASX 200 is trading flat year to date and has dropped 6% over the last 12 months.

The post Guess which ASX 200 stock is on ice following a takeover approach appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended KKR. 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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When it comes to receiving income from the share market, most investors think of individual ASX shares like Commonwealth Bank of Australia (ASX: CBA) or BHP Group Ltd (ASX: BHP). But exchange-traded funds (ETFs) can also be a good source of dividends for investors.

We already know that investing in ETFs can bring a bevvy of benefits, such as easy diversification. But there are many ETFs on the ASX that have the potential to shower investors with dividend income as well. Let’s check out three.

3 ASX ETFs that will pay you nice dividend income

Vanguard Australian Shares High Yield ETF (ASX: VHY)

This ETF from Vanguard specialises in providing high levels of dividend income to its investors. Rather than tracking an entire market-wide index, this ETF holds a concentrated portfolio of around 70 ASX shares. These shares are selected for having “higher forecast dividends relative to other ASX-listed companies”.

At present, these include names like CBA, National Australia Bank Ltd (ASX: NAB), Woodside Energy Group Ltd (ASX: WDS) and Transurban Group (ASX: TCL).

The Vanguard High Yield ETF has paid out $4.15 in dividend distributions per share over the past 12 months. On current pricing, that gives this ETF a trailing yield of 6.37%.

BetaShares Nasdaq 100 ETF (ASX: NDQ)

This US-focused ETF is not normally a name that comes up in a discussion about dividend income. But that doesn’t mean it’s not worth considering. This ETF is an index fund that tracks the American NASDAQ-100 Index (NASDAQ: NDX).

The NASDAQ is one of the two major stock exchanges in the United States and is known for housing most of the US’s largest tech companies. As such, you’ll find the likes of Microsoft, Apple, Amazon, Tesla, Alphabet, NVIDIA and Netflix amongst this ETF’s top holdings.

Many of these shares pay their investors dividends. As such, this ETF receives these dividends and passes them on to its investors in turn. Over the past 12 months, investors have enjoyed distributions totalling 87.26 cents per unit. That gives this ETF a trailing yield of 2.93% on current prices.

Considering this, and the average performance of 15.56% per annum that this ETF has delivered over the past five years, we have an ETF that has the potential for both growth and dividend income.

iShares Global Consumer Staples ETF (ASX: IXI)

Finally, this consumer staples ETF from iShares is worth a look. Consumer staples shares are the companies that produce, manufacture or sell food, drinks, and other household essentials. Vices like alcohol and tobacco also fall within this sector.

This ETF holds a collection of the globe’s largest consumer staples shares. In this ETF you’ll find names like Nestle, Pepsico, Coca-Cola, L’Oreal, Walmart and Philip Morris International.

These kinds of companies are some of the world’s best dividend payers. For example, Coca-Cola is a rare ‘dividend king’, having not cut its annual dividend for over 50 years. Given the strength of some of these companies, I think this ETF is worth a look for strong and steady income, despite its current trailing yield of 1.76%.

The post 3 ASX dividend ETFs to make nice income appeared first on The Motley Fool Australia.

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More reading

• Market beating returns and big yields: 2 ASX ETFs to buy next week
• Buy this ASX ETF for retirement income
• 2 safe ETFs for ASX investors to buy amid the market volatility
• Is a dividend ETF really better than an ASX index fund for income?
• These ETFs could be top options for buy and hold investors

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet, Amazon.com, Apple, Coca-Cola, Microsoft, National Australia Bank, PepsiCo, Philip Morris International, Tesla, and iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon.com, Apple, BetaShares Nasdaq 100 ETF, Microsoft, Netflix, Nvidia, Tesla, and Walmart. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Philip Morris International and has recommended the following options: long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF and iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended Alphabet, Amazon.com, Apple, Netflix, Nvidia, and Vanguard Australian Shares High Yield 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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The Impedimed Limited (ASX: IPD) share price has had a sensational start to the week.

In afternoon trade, the ASX biotech share is up 86% to 11 cents.

Why is this ASX biotech share rocketing higher?

Investors have been buying this ASX biotech share after it advised that the National Comprehensive Cancer Network (NCCN) has released a new version of the NCCN Clinical Practice Guidelines in Oncology for Survivorship.

According to the release, for the first time, these guidelines include bioimpedance spectroscopy (BIS).

Key points include:

• The NCCN Guidelines specifically name bioimpedance spectroscopy as an objective measurement tool to identify early signs of lymphoedema.
• The NCCN Guidelines now recommend regular screening for all cancer survivors at risk of lymphoedema.
• The recommendations made by the NCCN Survivorship Panel were Category 2A, which means that there was uniform NCCN consensus for this new recommendation.
• The inclusion of BIS in the NCCN Guidelines will help establish BIS as standard of care and accelerate adoption by Private Payors and Providers.

The release highlights that NCCN Guidelines are the globally recognised standard for clinical direction and policy in cancer care, with the goal of improving patient care and outcomes.

Why is this good news for ImpediMed?

This is good news for ImpediMed as it has the only FDA-cleared BIS technology for the assessment of lymphoedema.

The company’s SOZO Digital Health Platform is broadly accepted and recognised for effective and accurate screening of lymphoedema.

The ASX biotech share’s Managing Director & CEO, Richard Valencia, commented:

The recommendation in the NCCN Guidelines for the use of bioimpedance spectroscopy technology is a major validating moment for the Company. The authors of the NCCN Guidelines are world leaders in global cancer care driven by sound clinical evidence and patients’ best interests. Their recommendations are highly influential for clinicians, patients, policymakers, and insurance companies.

We will take the information in these updated NCCN Guidelines and immediately integrate it into our reimbursement strategy to expand coverage of SOZO testing for lymphoedema. Our near-term focus remains leveraging our strong clinical evidence, market position, and now these guidelines to drive growth and adoption of our solution for breast cancer-related lymphoedema. Longer-term, these guidelines also support an opportunity to expand into other cancer types, broaden our footprint in oncology, and benefit even more patients.

The post Guess which ASX biotech share just rocketed 86% on ‘a major validating moment’ appeared first on The Motley Fool Australia.

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More reading

• 3 ASX dividend ETFs to make nice income
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Want wealth compounding? Here are my 3 favourite dividend shares inside the ASX 300
• Leading brokers name 3 ASX shares to buy today
• This ASX 200 lithium stock could be THE ONE to buy 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 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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It’s been a much-needed positive start to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. After a wild and woolly week last week, the ASX 200 is kicking things off this week on a far better note.

At the time of writing, the Index is currently enjoying a 0.13% bounce, which lifts it back over 6,960 points.

But time now to delve deeper into these tentative gains by checking out the ASX 200 shares that are at the top of the stock market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Telstra Group Ltd (ASX: TLS)

First up today is a familiar face in ASX 200 blue chip Telstra. So far this session, a decent 10.15 million Telstra shares have been traded on the markets. There hasn’t been any news out of Telstra itself for a while now. So this high volume could be a result of the movements of the Telstra share price itself.

The telco has indeed had a bit of a bouncy day. Telstra has bounced between $4.17 and $4.22 a share all day and is currently up by 0.72% at $4.20.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have ASX 200 lithium leader Pilbara Minerals. This Monday has had a notable 13.58 million Pilbara shares bought and sold thus far today.  All has been quiet on the Pilbara news front today as well. But certainly not with the Pilbara share price.

Pilbara has had a bit of a rough start to the trading week. The lithium leader is down a nasty 2.67% so far today to $3.46 a share, despite this lack of news from the company. This sell-off looks like the catalyst behind these high trading volume numbers we are seeing.

Sayona Mining Ltd (ASX: SYA)

Third and finally this Monday, let’s check out Pilbara’s fellow ASX 200 lithium stock Sayona Mining. This session has seen a sizeable 31.3 million Sayona shares swapped on the stock market so far. Again, there is little news to speak of today.

But there are a few other factors worth mentioning. The first is Sayona’s ongoing presence on ASX’s most shorted shares list, which my Fool colleague went into this morning. This could be helping to boost volumes in itself.

But Sayona is also going the opposite way to Pilbara today. This lithium share is presently enjoying a hefty 3.8% lift up to 19 cents a share. It’s this rise that looks to be behind the big numbers we are seeing with Sayona’s volumes this Monday.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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When it comes to building wealth through investing, there are few strategies more effective than compounding. By reinvesting your dividends, you can harness the power of compounding to grow your portfolio over time. But not all ASX dividend shares are created equal.

Identifying companies that can stand the test of time should be a priority if building life-changing wealth over decades is the plan. There’s little point in finding an investment with a high yield now if it goes bust five years later — undoing all of the prior compoundings.

That’s why I would focus on companies within the ASX 300 with a competitive edge and a long history of growing dividends.

Let’s take a look at three companies that I believe best fit the bill.

Retailers with strong and growing brands

The accumulated value of a brand built over decades can be a wide and defendable moat. Humans tend to unconsciously gravitate toward companies they know and trust, even if it means sometimes paying more than at a lesser-known competitor.

Two dividend shares I reckon are prime examples of this familiarity bias in action are Super Retail Group Ltd (ASX: SUL) and Premier Investments Limited (ASX: PMV). Kicking off in 1972 and 1987, respectively, both companies have a long track record of providing quality products at affordable prices.

While growing their customer bases over the years through additional stores and brands, these two retailers have amplified their earnings. Similarly, dividends have gradually trended higher during their listed lives, as shown below.

Aside from Super Retail Group experiencing a blip during the pandemic, dividends have steadily increased over time.

In my opinion, both Premier Investments and Super Retail Group have a good chance of compounding into the future. This is because both of these ASX dividend shares are still rapidly growing their brands.

For example, Super Retail achieved 55% sales growth of its Macpac brand in the first half of FY2023. Likewise, Premier Investments revealed record half-year results today. The retail conglomerate’s global sales of its Smiggle brand increased 30.3%, and Peter Alexander’s sales reached a record $261.7 million — up 15.1% year on year.

Possible future dividend aristocrat inside the ASX 300

The crème de la crème of the compounding is a dividend aristocrat — companies that have upped their dividends for 25 consecutive years or more.

Even an initial investment of around $5,000 can grow to considerable wealth over 15 years, assuming the company increases its dividends by roughly 10% per annum and the share price rises 5% each year.

Assuming dividends are reinvested, such a hypothetical investment could grow to more than $20,000, as illustrated below.

Unfortunately, there aren’t any ASX 300 shares — or ASX companies, period — that meet the stringent criteria of an aristocrat. However, if we loosen the conditions to include ASX shares that have not reduced their dividends over the same time, Sonic Healthcare Limited (ASX: SHL) gets pretty close.

The laboratory and pathology giant has not once cut its dividends over 20 years. An exceptional history if ever I’ve seen one.

I believe Sonic’s positioning in a defensive market bodes well as a multi-decade investment. The company’s strong balance sheet and involvement in molecular diagnostics could fuel future years of compounding, in my opinion.

The post Want wealth compounding? Here are my 3 favourite dividend shares inside the ASX 300 appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has positions in Sonic Healthcare. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool Australia has recommended Premier Investments and Sonic Healthcare. 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 so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Aeris Resources Ltd (ASX: AIS)

According to a note out of Bell Potter, its analysts have retained their buy rating on this copper miner’s shares with an improved price target of 95 cents. This follows news that it has discovered a massive new sulphide lens within the Bentley deposit at its 100%-owned Jaguar operation. Outside this, the broker highlights that Aeris represents a copper dominant mining exposure with all its production assets in Australia. The Aeris share price is trading at 59 cents today.

Aristocrat Leisure Limited (ASX: ALL)

A note out of Morgans reveals that its analysts have retained their add rating and $43.00 price target on this gaming technology company’s shares. This follows the company’s investor round table event, which went down well with the broker. All in all, Morgans remains optimistic about Aristocrat’s long-term growth potential. This is thanks to its superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses. The Aristocrat share price is fetching $36.65 this afternoon.

Block Inc (ASX: SQ2)

Analysts at UBS have retained their buy rating and US$102.00 (A$153.22) price target on this payments giant’s shares. The broker believes that the Hindenburg Research short attack was filled with unsubstantiated allegations. In light of this, it believes investors should take advantage of its share price weakness to invest in an innovative company that is well-placed for medium term growth. The Block share price is trading at $91.15 on Monday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

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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 positions in and has recommended Block. The Motley Fool Australia has positions in and has recommended Block. 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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