The Australian share market has made countless millionaires over the years.

The good news is that there’s nothing to stop you from becoming one of them in the future.

Here are five easy steps to take if you want to grow your wealth with ASX shares:

Step one: Start early

Time is one of your greatest assets when it comes to investing. The longer you are in the market, the more you can benefit from the power of compounding. In respect to compounding, legendary investor Warren Buffett once said: “My wealth has come from a combination of living in America, some lucky genes, and compound interest.”

Step two: Make regular investments in ASX shares

The next step is to make regular investments. There are a few reasons for this. The first is that by investing regularly, you are able to reduce the impact of volatility on your purchases. This is because you will be purchasing more ASX shares when the price is low, and fewer shares when the price is high. In addition to this, investing in this manner lets you benefit fully from compounding. It also means that you don’t miss out on new opportunities when they arise.

Step three: Focus on quality

It can be tempting to buy into small cap ASX shares that are being hyped up on message boards. The promise of getting rich quickly is very alluring. However, most of the time people will lose money on these investments when they turn out to be all hype and no substance. Instead, investors would be better off focusing on quality companies that have strong business models, sustainable competitive advantages, and solid growth prospects. These types of investments have been the key to Warren Buffett’s success over multiple decades.

Step four: Take a long term perspective

As mentioned above, time is a great asset when investing. So, when you’re picking ASX shares to buy, it is arguably best to imagine that you are buying with the intention of holding onto them for at least a decade. Buffett once quipped that his favourite holding period was “forever.” In addition, by taking a long term approach, you can be patient with your investments. After all, it’s important to remember that shares don’t go up in a straight line. There are many ups and downs. But if you become impatient and jump out at the wrong time on a down period, you could sacrifice significant future gains.

Step five: Reinvest your dividends

The dividends paid by the likes of BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and Telstra Corporation Ltd (ASX: TLS) are a great source of income. But if you don’t need these funds immediately, then it is well worth reinvesting them back into the share market. By doing so, you allow the dividends to compound and grow into something larger in the future. So, when you do need them as income, you’ll be receiving a lot more than if you had withdrawn them throughout your investment journey.

Combining all steps

If you combined all these steps and invested $1,000 per month from now onwards and generated an average 10% per annum return, you would grow your portfolio to be worth $1 million after 23 years.

Investing more each month or generating larger returns would get you there even sooner.

For example, $2,000 per month and an average return of 12% per annum would get you to $1 million in just over 15 years. Though, beating the market is no easy feat and far from guaranteed.

The post 5 steps to becoming a milionaire with ASX shares appeared first on The Motley Fool Australia.

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More reading

• Why ASX nickel shares are ending the week with a spring in their step
• Brokers name 3 ASX shares to buy now
• ASX mining shares up amid Labor plan to spend multibillions on renewables revolution
• 7 ASX 200 shares with ex-dividend dates next week
• Down 12% from their highs: Are Telstra shares a post-results bargain buy?

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 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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With ASX earnings season now in full swing, investors have heard from several big ASX 200 names. Commonwealth Bank of Australia (ASX: CBA), Telstra Group Ltd (ASX: TLS) and CSL Ltd (ASX: CSL) have now all shown investors their latest report card covering the most recent six months in their reporting calendar.

But for those owning Washington H. Soul Pattinson and Co Ltd (ASX: SOL) shares, you’ll have to wait a little longer.

Soul Patts shares are scheduled to deliver the company’s latest earnings report on 21 March next month, well at the back end of this earnings season. But I can’t wait to get a look at this latest report from this ASX 200 investing house.

What does Washington H. Soul Pattinson do?

As has been long documented here at the Fool, Soul Patts shares are one of my favourite ASX investments. I’ve held the company for many years now and continue to be delighted by its presence in my portfolio.

Soul Patts is a company that operates in a rather unusual manner compared to other ASX 200 shares. It runs a portfolio of investments on behalf of its shareholders, making it more similar to a listed investment company (LIC) or managed fund than a traditional ASX share.

Soul Patts owns many different types of investments in this portfolio, which span multiple asset classes. It holds a huge portfolio of blue-chip shares, as well as significant stakes in a small number of quality ASX companies. These include Brickworks Ltd (ASX: BKW), TPG Telecom Ltd (ASX: TPG) and New Hope Corporation Ltd (ASX: NHC).

But you’ll also find other investments like private credit, emerging companies, infrastructure and unlisted assets in the company portfolio.

So why can’t I wait for Soul Patts to drop its latest earnings report next month?

Why the next update from Soul Patts shares has me excited

Well, I’m looking forward to seeing if the company can enter its 24th year of annual dividend increases. Soul Patts is the only ASX share that has a record of increasing its annual dividend every single year since 2000. Back in that year, the company doled out 10.5 cents per share in ordinary dividends. But by 2023, the company was forking out 87 cents per share.

As we recently covered, this would see an investor who bought in in 2000 enjoying a dividend yield-on-cost of more than 22% today.

So I’m very excited to see what the next dividend from this income-producing machine will look like.

I’m also excited about a possible portfolio performance update. In December, Soul Patts reiterated that its portfolio had achieved an impressive total shareholder return (including dividends) of 12.5% per annum over the 20 years to 31 July 2023. That figure holds at 12.4% per annum over the past ten years, and 11.3% over the past five.

I’d like to see an update with these figures, hopefully covering the back end of 2023.

So all in all, I’m very keen to get an update from one of my favourite ASX 200 dividend shares next month. I’m optimistic that it will reaffirm my love for Soul Patts.

The post Here’s why I can’t wait for Soul Patts’ shares to report next month appeared first on The Motley Fool Australia.

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More reading

• ASX dividend shares: What’s better, growth or consistency?
• Soul Patts shares: Here’s how some investors are getting a 22% yield
• How can I make $1,000 a month from ASX shares?
• Retirees: 2 Top ASX dividend shares I’d buy now for passive income in 2024
• Why I’m buying Soul Patts shares over the Vanguard Australian Shares Index ETF (VAS)

Motley Fool contributor Sebastian Bowen has positions in CSL, Telstra 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, CSL, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Telstra Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended CSL and Tpg Telecom. 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 an eventful February earnings season thus far. We’ve seen some stellar results and supersized share price gains from ASX consumer shares like Cettire Ltd (ASX: CTT), Nick Scali Limited (ASX: NCK), Temple & Webster Group Ltd (ASX: TPW), and IDP Education Ltd (ASX: IEL).

ASX 300 tech stock Audinate Group Ltd (ASX: AD8) also delivered good news for investors, with its share price rocketing more than 20% on Monday this week following a record half.

On the dividend front, there have been some healthy boosts to shareholder payouts from the industrial sector, with Transurban Group (ASX: TCL) and Computershare Ltd (ASX: CPU) upping their interim dividends by 13% and 33%, respectively.

ASX blue-chip stocks and investor favourites CSL Ltd (ASX: CSL), Wesfarmers Ltd (ASX: WES), and Telstra Group Ltd (ASX: TLS) also rewarded investors with dividend hikes, although the resulting impact on their share prices was mixed.

Elsewhere in the big end of town, Commonwealth Bank of Australia (ASX: CBA) shares took a tumble on Wednesday this week after the ASX big four bank reported a 3% profit dip.

Despite plenty of reporting action still to come, including from the big ASX miners, there has been a great deal for investors to chew on so far.

On that note, we asked our Foolish writers which ASX stock they’d buy if they could choose only one so far this earnings season. Here is what they told us:

6 ASX shares to run the ruler over right now (smallest to largest)

• Camplify Holdings Ltd (ASX: CHL), $169.46 million
• Pacific Current Group Ltd (ASX: PAC), $545.13 million
• Temple & Webster Group Ltd (ASX: TPW), $1.43 billion
• Sonic Healthcare Ltd (ASX: SHL), $15.25 billion
• Wesfarmers Ltd (ASX: WES), $71.40 billion
• CSL Ltd (ASX: CSL), $137.20 billion

(Market capitalisations as at 16 February 2024).

Why our Foolish writers rate these ASX companies

Camplify Holdings Ltd

What it does: Camplify is an online platform for owners of recreational vehicles to hire them out to other users.

By Tony Yoo: Camplify is best described as an AirBnb-type app for caravans and motorhomes. It allows owners to hire their recreational vehicles out on a peer-to-peer platform, to provide an income when they’re not in use.

From humble beginnings in Australia, the company has now expanded — via acquisitions and organic growth — to New Zealand, the United Kingdom, Spain, Germany, Netherlands and Austria.

While analyst coverage is sparse for the $175 million small cap, the stock has rewarded investors in recent times with a 35% climb since last April. It’s no wonder, with 2023 financial year revenue 133% up from the prior period.

Camplify is due to release its interim financial report on 21 February.

Motley Fool contributor Tony Yoo owns shares of Camplify Holdings Ltd.

Pacific Current Group Ltd

What it does: Pacific Current invests in fund managers and helps them grow their businesses with its capital and expertise.

By Tristan Harrison: This ASX company’s biggest asset is a position in fund manager GQG Partners Inc (ASX: GQG). The GQG share price and funds under management (FUM) have soared in the last few months, but the market hasn’t been as excited about Pacific Current.

We’ve heard that many of Pacific’s other fund managers are also performing well — experiencing inflows and winning new commitments for more investment. Plus, markets and asset prices have soared in the last few months, providing a strong tailwind for further FUM growth and perhaps encouraging more potential new clients.

I think Pacific’s outlook is stronger than the market is giving it credit for, and the company’s dividend outlook also looks promising.

Pacific Current is due to release its FY24 first-half result on Friday, 23 February.

Motley Fool contributor Tristan Harrison does not own shares of Pacific Current Group Ltd.

Temple & Webster Group Ltd

What it does: Temple & Webster is Australia’s top online-only furniture and homewares retailer. The company offers more than 200,000 products that customers can buy 24 hours a day, seven days a week. 

By Bernd Struben: Temple & Webster’s online platform has delivered sales growth throughout the year despite the high inflationary and interest rate environment.

For the half year to 31 December, the company reported record revenue of $254 million, up 23% year on year. And I like the balance sheet, with cash holdings of $114 million and no debt.

As of Friday’s close, the Temple & Webster share price is up 221% in 12 months at $11.63 cents. And I’m in agreement with Citi’s analysts who believe there’s more outperformance ahead. The broker has a target price of $13 a share on the stock, representing a potential upside of 12% from current levels.

Motley Fool contributor Bernd Struben does not own shares of Temple & Webster Group Ltd.

Sonic Healthcare Ltd

What it does: Sonic Healthcare is a private pathology and laboratory service provider with operations worldwide, including in Australia, the United States, Germany, the United Kingdom, and Switzerland. Sonic and its subsidiaries are often involved when a test or scan needs to be carried out and analysed.

By Mitchell Lawler: I believe Sonic Healthcare is among the highest-quality businesses on the Australian Securities Exchange due to its services’ non-discretionary nature and defendable moat. 

It requires an incredible amount of money to reach an efficient scale in pathology services. As a result, competitors are unlikely to risk billions of dollars to carve off a slither of market share. Sonic has used this to its advantage over the years by acquiring its way into market dominance across multiple geographies. 

Additionally, I suspect Sonic might surprise the market on Tuesday, 20 February, when it releases its half-year results. 

The company’s last two reports have cycled large contributions from COVID-19 testing. However, having only constituted 6% of total revenue in FY23, the stage might now be set for a solid result unobstructed by the dwindling segment.

Motley Fool contributor Mitchell Lawler owns shares of Sonic Healthcare Ltd.

Wesfarmers Ltd

What it does: Wesfarmers is one of the most dominant companies on the ASX. It owns a huge array of different retail and industrial businesses under its name, the most prominent of which include Bunnings, Kmart, Officeworks, and Target.

By Sebastian Bowen: Wesfarmers is a holding that I’ve been hoping to add to for a while now and just might after the company’s latest earnings. I was very happy to see Wesfarmers report higher revenues, earnings, profits and dividends for the six months ending 31 December.

Given the rising cost of living and stubborn interest rates, I think this is a great result for a company that would traditionally be described as cyclical and discretionary.

As such, I would be happy to buy Wesfarmers shares if I had to choose just one company this earnings season. It’s quality is on display for all to see.

Motley Fool contributor Sebastian Bowen owns shares of Wesfarmers Ltd.

CSL Ltd

What it does: CSL is one of the world’s leading biotechnology companies and the name behind the CSL Behring, Seqirus, and CSL Vifor businesses.

By James Mickleboro: I think CSL delivered a strong half-year result this week. And were it not for the failure of the CS112 product key trial a day earlier, I think the market would have reacted very positively.

As a reminder, CSL reported an 11% increase in revenue to US$8.05 billion and a 13% jump in net profit after tax before amortisation (NPATA) to $2.06 billion. The latter was ahead of the market’s expectations.

In addition, management reiterated its guidance for NPATA growth of 13% to 17% for the full year and its belief that CSL “is in a strong position to deliver annualised double-digit earnings growth over the medium term.”

I’m confident that management will deliver on this even without CSL112, making CSL shares a very attractive proposition for investors, especially following this week’s pullback.

Motley Fool contributor James Mickleboro owns shares of CSL Ltd.

The post If I could buy only one ASX stock this February earnings season, it would be… appeared first on The Motley Fool Australia.

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• Everything you need to know about the new Wesfarmers dividend
• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today
• What can Wesfarmers’ results tell us about the future of ASX lithium shares?
• Why Altium, Goodman, Magellan, and Wesfarmers shares are storming higher today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Audinate Group, CSL, Goldman Sachs Group, Idp Education, Temple & Webster Group, Transurban Group, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Audinate Group, Telstra Group, and Wesfarmers. The Motley Fool Australia has recommended CSL, Cettire, Idp Education, Nick Scali, Sonic Healthcare, and 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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The global gold market is going strong but there is one miner of the precious metal that’s struggling.

The share price for Gold Road Resources Ltd (ASX: GOR) has nosedived 31% since 28 December.

But fear not, the team at Blackwattle reckons that presents a buying opportunity for the ASX gold stock.

Superb asset quality

The latest business update was what prompted investors to flee Gold Road like it was a burning building.

“Gold Road Resources fell 22.6% in January following a poor December quarterly update, and a downgrade to CY24 guidance,” read the Blackwattle memo to clients.

Its production had a shocker in recent months.

“Volumes unexpectedly fell in the final quarter of the year due to labour availability issues in drill and blast, resulting in higher costs and lower cash/earnings.”

However, gold prices remain buoyant.

According to TradingEconomics, gold hit US$2,000 an ounce on Thursday. Only 16 months ago it was languishing at US$1,525.

Perhaps that’s why the Blackwattle experts are backing Gold Road Resources in the long run from here.

“While disappointing, the labour issues should be temporary, while the asset quality of Gruyere — long life, open pit, 300koz per annum in a tier-1 jurisdiction — remains lasting.”

The only gold stock not requiring huge capex

Plenty of Blackwattle’s peers agree on Gold Road’s outlook.

According to CMC Invest, a whopping 10 out of 15 analysts believe the gold stock is a strong buy at the current price.

“With Gold Road Resources the only name in our coverage without significant upcoming growth capex spend/lower capex risk, we reiterate our buy rating,” reported Goldman Sachs Group Inc (NYSE: GS) analysts.

The Blackwattle team warned that the market is skittish at the moment, so long-term investors must hold their nerve.

“The strong market performance over recent months and heightened valuations have increased the susceptibility to a pullback for companies that disappoint. 

“The guidance provided by companies will be crucial, especially given the weaker economic conditions.”

The post This ASX gold stock just fell 31%. It’s time to buy appeared first on The Motley Fool Australia.

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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 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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Technology led the ASX 200 market sectors, gaining an impressive 6.2% over the past five trading days.

The S&P/ASX 200 Index (ASX: XJO) rose by 0.42% over the week to finish at 7,658.3 points on Friday.

Seven market sectors finished the week in the green.

Let’s review.

Tech shares led the ASX sectors this week

The Altium Limited (ASX: ALU) share price screamed up the charts this week to gain 27.1% in total.

Most of that gain came yesterday on news that the electronic design software company has accepted a takeover offer from Japan’s Renesas Electronics Corporation.

Renesas will acquire Altium by way of a scheme of arrangement for $68.50 cash per share. That was a 33.6% premium to the stock’s last closing price and valued Altium at $9.1 billion.

Altium shares closed at $66 on Friday.

However, Altium wasn’t the only tech share skyrocketing on takeover news this week.

ASX tech small-cap Ansarada Group Ltd (ASX: AND) has also accepted a takeover offer. The deal with US company Datasite sent the stock 30% higher this week, finishing at $2.43 per share on Friday.

Ansarada shareholders will receive $2.50 cash per share. The deal valued the virtual data room and document management software provider at $236.3 million.

Tech stocks took a dip on Wednesday after United States inflation numbers came in higher than expected.

This led to a 1.8% fall in the Nasdaq Composite Index (INDEXSP: .INX) and a consequent 1.44% fall in the S&P/ASX 200 Information Technology Index (ASX: XIJ).

Tech shares are sensitive to interest rates. Any bad inflation news makes investors worry about a potential delay in the start of rate cuts.

Tech stock earnings reports this week

As earnings season continues, we saw mixed results in the tech sector this week.

Audinate Group Ltd (ASX: AD8) shares climbed 15.6% after the media networking solutions company reported a 137% increase in EBITDA for 1H FY24. The Audinate share price closed at $20.64 on Friday.

Conversely, Data#3 Limited (ASX: DTL) shares crashed 22.5% despite the business technology solutions company reporting a 25.5% bump to net profit after tax (NPAT) in 1H FY24. The Data#3 share price closed at $7.69 on Friday.

Among the other large-cap ASX tech shares, Xero Limited (ASX: XRO) gained 4.3% to finish at $117.50 on Friday and Nextdc Ltd (ASX: NXT) rose 4% to $15.03.

The largest ASX 200 tech share, Wisetech Global Ltd (ASX: WTC), rose by 2.47% to $80.01 this week.

ASX 200 market sector snapshot

Here’s how the 11 market sectors stacked up this week, according to CommSec data.

Over the past five days:

S&P/ASX 200 market sector	Change this week
Information Technology (ASX: XIJ)	6.2%
Consumer Discretionary (ASX: XDJ)	4.5%
A-REIT (ASX: XPJ)	2.62%
Industrials (ASX: XNJ)	1.76%
Utilities (ASX: XUJ)	1.46%
Financials (ASX: XFJ)	0.79%
Consumer Staples (ASX: XSJ)	0.42%
Materials (ASX: XMJ)	(0.7%)
Communication (ASX: XTJ)	(2.02%)
Energy (ASX: XEJ)	(2.15%)
Healthcare (ASX: XHJ)	(4.86%)

The post Here’s how the ASX 200 market sectors stacked up this week appeared first on The Motley Fool Australia.

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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 Altium, Audinate Group, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Ansarada Group, Audinate Group, WiseTech Global, and Xero. 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 post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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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 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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If it’s passive income you’re looking for, then you’ll want to have a look at this S&P/ASX 200 Index (ASX: XJO) dividend star.

Namely diversified ASX 200 financial stock Macquarie Group Ltd (ASX: MQG).

Macquarie was founded in 1969, and the company began trading on the ASX in November 2007.

When it comes to passive income, Macquarie has a very reliable track record. The company has paid out two partly franked dividends every year since 2013.

Atop its juicy dividends, the Macquarie share price has also been on a strong upward trend over the past three months.

As you can see in the chart below, since 13 November, the ASX 200 financial stock has gained 21%.

So, alongside the passive income I’m aiming to bank for this ASX dividend star, I’ll also be aiming to see some further share price gains to sweeten the pot.

Tapping this ASX dividend star for a $380 monthly passive income

Before running through the maths, take note that the yields you generally see quoted are trailing yields. Future yields may be higher or lower depending on a range of company-specific and macroeconomic factors.

With that said, Macquarie paid a final dividend of $4.50 a share on 4 July. The interim dividend of $2.55 a share will have landed in eligible investors’ bank accounts on 19 December.

That equates to a full year’s passive income payout of $7.05 a share.

At Friday’s closing price of $192.50 a share, this ASX 200 dividend star trades on a trailing yield of 3.7%, 40% franked.

Now let’s run the maths.

If I’m aiming for $380 a month in passive income (or a tidy $4,560 a year), I’d need to buy 608 Macquarie shares today.

And, as mentioned up top, I’ll be hoping to supercharge those returns if the Macquarie share price keeps marching higher.

The post 608 shares in this ASX 200 dividend star could make me $380 a month in passive income! 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie 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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Flight Centre Travel Group Ltd (ASX: FLT) shares are trading at $21.73 in late afternoon trading on Friday.

As earning season rolls on, investors may be wondering what to expect from Flight Centre this year in terms of dividends.

After all, the ASX 200 travel share only resumed paying dividends last year.

Due to the pandemic, the company ran a four-year freeze on dividends to conserve cash.

When Flight Centre announced that dividends were back in its FY23 full-year results, it committed to paying 50% to 60% of net profit after tax (NPAT) in dividends and/or buybacks moving forward.

Flight Centre paid shareholders 18 cents per share, fully franked, as the final dividend for FY23. There was no interim dividend.

So this is likely the first year since 2019 that Flight Centre will pay both an interim and final dividend.

How much will Flight Centre pay in dividends in 2024?

The consensus analyst forecast published on CommSec is for Flight Centre to pay 47.4 cents per share in total annual dividends in 2024. The experts tip this will rise to 67.3 cents in 2025 and 81 cents in 2026.

A $10,000 budget (less a brokerage fee of $5) will buy you 459 Flight Centre shares at the current price.

Total spend = $9,974.07.

If we multiply 459 Flight Centre shares by the 2024 forecast dividend of 47.4 cents, we get a total annual dividend amount of $217.57. That’s a dividend yield of 2.18%.

But Flight Centre shares also pay dividends with 100% franking.

So, if we include the franking benefit, we get a total gross annual dividend of $310.81. That’s a gross dividend yield of 3.12%.

What about 2025 and 2026?

As outlined above, the dividends are expected to go higher.

So, if you were to buy Flight Centre stock at today’s share price, here are the gross dividend amounts and yields you are forecast to receive in 2025 and 2026:

2025: 459 x 67.3 cents = $308.91. With franking, it’s $441.30. Gross dividend yield = 4.42%.

2026: 459 x 81 cents = $371.79. With franking, it’s $531.13. Gross dividend yield = 5.33%.

The post If I invest $10,000 in Flight Centre shares, how much dividend income will I receive in 2024? appeared first on The Motley Fool Australia.

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More reading

• Analysts tip 10% to 30% returns for these ASX growth shares in 2024
• These are the 10 most shorted ASX shares
• Is Flight Centre about to regain ASX dividend share status?
• Buy these ASX growth shares for 20% to 40% returns
• These are the 10 most shorted ASX shares

Motley Fool contributor Bronwyn Allen has positions in Flight Centre Travel 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 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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It certainly has been a difficult period for ASX nickel shares.

The price of the battery making ingredient has come under significant pressure after supply from Indonesia increased materially and the London Metals Exchange accepted Indonesian-origin nickel products in response to evolving industry dynamics.

This has led to many ASX nickel shares falling heavily, much to the disappointment of their shareholders.

But things are looking a little more upbeat on Friday, with their shares finishing the week on a high. Here’s the state of play in the industry at present:

• BHP Group Ltd (ASX: BHP) shares are up over 1%
• IGO Ltd (ASX: IGO) shares are up 5%
• Nickel Industries Ltd (ASX: NIC) shares are up 6.5%

Why are ASX nickel shares pushing higher?

Investors have been picking up their shares today after the Federal Resources Minister, Madeleine King, placed nickel on the Critical Minerals List.

This gives nickel companies the opportunity to access billions of dollars in Commonwealth funding.

This includes access to financing under the $4 billion Critical Minerals Facility and critical minerals–related grant programs such as the International Partnerships Program.

Minister King revealed that she took action because the nickel industry faces substantial structural challenges that cannot be addressed overnight. King said:

The international nickel price is forecast to stay relatively low through 2024, and likely for several years to come until the surplus of nickel in the market is corrected. In the meantime, this puts further Australian nickel operations at risk. Given impacts to our domestic capacity and noting the broader market developments presently unfolding in the nickel sector, I am fully convinced that we must be proactive in addressing the recent developments, including by adding nickel to the Critical Minerals List.

The post Why ASX nickel shares are ending the week with a spring in their step appeared first on The Motley Fool Australia.

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More reading

• ASX mining shares up amid Labor plan to spend multibillions on renewables revolution
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?
• Why BHP, IDP Education, Pro Medicus, and Whitehaven Coal shares are dropping
• BHP shares fall on multi-billion profit hit from nickel and Samarco
• Own BHP shares? Here’s your first-half results preview

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 has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Pro Medicus Limited (ASX: PME)

According to a note out of Macquarie, its analysts have retained their outperform rating and $120.00 price target on this health imaging technology company’s shares. Although Pro Medicus fell short of the broker’s first-half expectations for both revenue and earnings, it remains positive. Particularly given new contract wins and its healthy sales pipeline. The Pro Medicus share price is trading at $87.83 on Friday.

Telstra Group Ltd (ASX: TLS)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this telco giant’s shares with a trimmed price target of $4.55. Goldman felt that Telstra delivered a solid core result during the first half. And while it has reduced its earnings estimates to reflect NAS challenges, it believes the issues are cyclical and retains its bullish view. Importantly, its dividend forecasts remain unchanged and an 18 cents per share dividend is forecast for FY 2024. The Telstra share price is fetching $3.88 today.

Treasury Wine Estates Ltd (ASX: TWE)

Another note out of Goldman Sachs reveals that its analysts have retained their buy rating on this wine giant’s shares with an improved price target of $12.60. This follows the release of a half-year result in line with the broker’s expectations. Goldman also highlights that a decision on Chinese wine tariffs is expected in March. It thinks this could be a big boost to sales given the strong brand equity of Penfolds among Chinese consumers. The Treasury Wine share price is trading at $11.48 this afternoon.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Why Inghams, IAG, Neuren Pharmaceuticals, and Pro Medicus shares are sinking today
• Down 12% from their highs: Are Telstra shares a post-results bargain buy?
• 3 high-quality ASX 200 dividend shares to buy for a second income
• 5 things to watch on the ASX 200 on Friday
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?

Motley Fool contributor James Mickleboro has positions in Treasury Wine Estates. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Macquarie Group, and Pro Medicus. The Motley Fool Australia has positions in and has recommended Macquarie Group and Telstra Group. The Motley Fool Australia has recommended Pro Medicus and Treasury Wine Estates. 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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