Some S&P/ASX 200 Index (ASX: XJO) dividend shares offering attractive yields today may not look nearly so attractive 10 or 20 years down the road.

The world is changing faster than ever before.

And with it, the future demand for services and commodities is likely to see some major transformations as well.

But some ASX 200 dividend shares will stand the test of time far better than others.

While there are no guarantees in life or in the stock markets, below we’ll look at three blue-chip ASX companies I believe you could safely hold for decades of reliable passive income.

Three ASX 200 dividend shares to buy and hold onto

First up, we have mining giant BHP Group Ltd (ASX: BHP), the largest stock listed on the ASX.

With its vast land holdings and diverse operations, I believe this ASX 200 dividend share is well-positioned to adjust to the world’s changing commodity demands.

BHP currently derives most of its revenue from iron ore, with copper coming in at number two. But the miner also has a large exposure to uranium. And, if desired, it has plenty of cash and scope to enter the lithium space or other minerals that may be in greater demand in 2050 than they are today.

BHP currently trades on a 5.7% fully franked trailing dividend yield.

Which brings us to our second ASX 200 dividend share to buy and hold for decades, Commonwealth Bank of Australia (ASX: CBA).

The biggest bank stock in Australia, CommBank offers a wide range of integrated financial services.

As the requirements for these services change over the decades, I believe CBA is well-placed to adapt to and, indeed, be a front runner on these changes.

CBA currently trades on a fully franked trailing dividend yield of 4.0%.

Rounding off the list of ASX 200 dividend shares I think you could safely hold for decades is retail stock JB Hi Fi Ltd (ASX: JBH).

Over the coming years, I reckon the demand for electronics of all shapes and sizes (some we’ve yet to even think up) will only continue to tick higher.

As with the above two blue-chip stocks, I think JB Hi-Fi is well-positioned to adapt to that shift in consumer demand, embracing items like those AI-enabled homewares everyone will just have to have.

JB Hi-Fi currently trades on a fully franked 5.4% trailing dividend yield.

Looking over the horizon

Now, to be sure, the passive income delivered by these three ASX 200 dividend shares will vary over the decades. Some years their yields may be higher than what we see today. Others, they may be lower.

But I do believe they’ll all be strong market players and income payers for many, many years to come.

The post 3 ASX 200 dividend shares I think you could safely hold for decades appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy now
• Are BHP shares a buy following the miner’s Q2 update?
• 5 things to watch on the ASX 200 on Friday
• BHP shares tumble after missing expectations in second quarter
• 5 things to watch on the ASX 200 on Thursday

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 Jb Hi-Fi. 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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How would I invest to create passive income?

I personally am a fan of ASX growth shares, so would try to construct a well diversified portfolio of those stocks.

I reckon putting in just $300 a month could eventually land you a perpetual passive income that averages out to $22,000 each year.

Imagine what you could do with $22,000 extra every 12 months in addition to your day job.

It can go a long way into paying off the mortgage, fund the children’s education, or buying a luxurious international holiday with your loved ones.

Let’s check out hypothetically how this can be done:

3 growth shares that look great to me

Comparison site Finder last year found the average Australian has around $40,000 saved up.

So let’s start with that.

I want to diversify the growth stocks I buy, so I would perhaps choose a range like Life360 Inc (ASX: 360), Telix Pharmaceuticals Ltd (ASX: TLX) and Block Inc CDI (ASX: SQ2).

That’s one software maker, one pharmaceutical, and one fintech.

All three are well favoured by professionals at the moment.

Seven out of eight analysts covering Life360 rate the tech stock as a buy, according to CMC Invest. All seven that study Telix recommend it as a buy, while all three professionals that have evaluated Block reckon it’s an add.

Now, the past should never be taken as a sign of what’s to come in the future. But to demonstrate just how viable it is to generate decent passive income, let’s take a look at their returns.

Life360 has been on the bourse for just four months shy of five years, and the stock has climbed 34% in that time. Telix has been sensational over that half-decade, soaring an amazing 1,392%.

Block Inc, since its listing on the ASX in January 2022, has been a disaster, trading 43% lower.

Assuming a full five-year period, Life360’s compound annual growth rate (CAGR) calculates to be 6%. Telix was a sensational 71.7%.

A decade of patience, then turn on the passive income

With a diversified mixture of sectors, geographies and stock performance, perhaps you could manage a CAGR of 12% with that $40,000 portfolio.

If you are disciplined with your saving and can thus add $300 each month, the growth will very much accelerate to the promised land.

After 10 years, the portfolio will have fattened up to $187,409.

From then on, the 12% return each year can be sold off to provide passive income.

That’s an average of $22,489 cash coming your way annually, as long as you maintain that stock portfolio.

Ten years. That’s all you need.

The post How I’d invest $300 a month in ASX shares to target $22,000 annual passive income! appeared first on The Motley Fool Australia.

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More reading

• Got a spare $1,000? I’d buy 10 shares of this ASX 200 stock to aim for a million
• ‘Consistent alpha generation’: 3 ASX 200 shares sitting pretty for the long run
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Tony Yoo has positions in Block, Life360, and Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Life360, and Telix Pharmaceuticals. The Motley Fool Australia has positions in and has recommended Block. The Motley Fool Australia has recommended Telix Pharmaceuticals. 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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Just one grand could be the start of something special.

It sounds corny, but it’s true with the magic of ASX shares and compounding.

Maybe it’s a reflection on the state of numeracy in the general population, but many Australians are walking around without realising how a million bucks could be within reach.

Let’s check out how one could achieve this with one particular S&P/ASX 200 Index (ASX: XJO) stock as an example:

ASX 200 outfit cleaning up its act

Fintech Block Inc CDI (ASX: SQ2) might be a US$40 billion giant, but it’s been making some huge changes in the way it operates.

The previously profligate startup is cleaning up its expenses and focusing on cash flow. And the market is sitting up and taking notice.

“Block Inc outperformed in December following the release of its 3Q23 result the month prior, which exceeded investor expectations with respect to future cost discipline, and strong messaging about internal personnel productivity,” read a memo to clients from ECP analysts.

“The result is an expectation of faster operating leverage to emerge across business units, with a plan to hit Block’s ‘rule of 40’ in 2026.”

Indeed the Block share price has rocketed 61.8% since the start of November.

Block Inc shares, however, have pulled back 13.7% so far this year with the market volatility caused by the uncertainty of how soon interest rate cuts might come.

Despite this, according to CMC Invest, all three analysts that cover the ASX 200 stock still reckon it’s a strong buy.

And this buying opportunity means you can now pick up 10 Block shares with your $1,000.

Let’s make a million

Past is never an indicator of future performance, but checking out the track record of Block shares gives us an idea of what’s realistic for that $1,000 to achieve.

The ASX 200 stock only listed in 2022, so for long term history we need to examine the original US version, Block Inc (NYSE: SQ).

That has returned 402% since listing in November 2015.

If we round those figures to a 400% gain over eight years, the compound annual growth rate (CAGR) works out to be 22.3%.

That’s not a bad result at all, considering that period has seen multiple market corrections, such as the 2018 correction, the 2020 COVID-19 crash, and the 2022 inflation crisis.

So if your $1,000 of Block shares can grow at 22% each year, and you can chip in $800 a further each month, you’re on your way.

After 16 years at that rate, your investment will have grown to $1,031,456.

There’s your million.

If you can start when you are 35 years old, you will have reached seven figures at 51, which is not a bad age to retire at.

The post Got a spare $1,000? I’d buy 10 shares of this ASX 200 stock to aim for a million appeared first on The Motley Fool Australia.

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More reading

• ‘Consistent alpha generation’: 3 ASX 200 shares sitting pretty for the long run
• Here are the top 10 ASX 200 shares today
• Why these 3 ASX 200 stocks leapt into The Motley Fool’s headlines this week
• Why Block, Brainchip, Gold Road, and Northern Star shares are dropping today
• Why is the Block share price getting hammered on Wednesday?

Motley Fool contributor Tony Yoo has positions in Block. 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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Technology led the ASX 200 market sectors again this week, gaining 2.85% over the five trading days.

The S&P/ASX 200 Index (ASX: XJO) weakened by 0.94% over the week to finish at 7,421.2 points on Friday.

Four market sectors finished the week in the green.

Let’s review what happened.

Tech shares led the ASX sectors again this week

This is the second consecutive week that tech stocks have led the market.

As we reported, ASX 200 tech shares gained 2.76% last week. Combined with this week’s gains, tech stocks have gathered 5.6% over the past fortnight.

We saw a historic moment overseas with tech stocks this week. On Tuesday, long-time leader Apple Inc (NASDAQ: AAPL) was knocked off its perch as the world’s largest company by market cap.

Microsoft Corp (NASDAQ: MSFT) took the mantle, with my colleague Tony reporting that the company’s stake in OpenAI has encouraged more investment in recent times.

On the ASX 200 boards this week, Xero Limited (ASX: XRO) set the pace among the five biggest ASX tech shares. The Xero share price lifted 5.02% over the five trading days to close at $114.73 on Friday.

The Altium Limited (ASX: ALU) share price rose by 3.5% over the five days to finish at $48.22 on Friday. Tech sector heavyweight Wisetech Global Ltd (ASX: WTC) rose by 1.06% to $73.74.

The Nextdc Ltd (ASX: NXT) share price faltered by 1.51% to $13.72. TechnologyOne Ltd (ASX: TNE) shares were barely in the green, up by 0.33% this week to $15.42.

None of these big ASX 200 tech players released any price-sensitive news this week.

Among the smaller tech companies, EML Payments Ltd (ASX: EML) gained 34% this week. This was largely due to news that EML will close its PFS Card Services Ireland Limited (PCSIL) segment as recommended by the reconstituted board of PCSIL. EML shares closed on Friday at $1, up 9.9% for the day.

DroneShield Ltd (ASX: DRO) shares flew 4.05% higher this week to close at 39 cents on Friday. The company reported a maiden before-tax profit this week of $4 million. This compares to a $2.9 million loss in 2022.

By the way, if you’re curious to know the best-performing ASX tech shares of 2023, click here.

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)	2.85%
Consumer Discretionary (ASX: XDJ)	1.15%
Financials (ASX: XFJ)	0.46%
Communication (ASX: XTJ)	0.19%
Energy (ASX: XEJ)	(0.46%)
Healthcare (ASX: XHJ)	(0.48%)
Consumer Staples (ASX: XSJ)	(0.51%)
Industrials (ASX: XNJ)	(1.6%)
Utilities (ASX: XUJ)	(2.51%)
A-REIT (ASX: XPJ)	(2.76%)
Materials (ASX: XMJ)	(3.72%)

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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More reading

• Here are the top 10 ASX 200 shares today
• Why EML, Jumbo, Mesoblast, and Whitehaven Coal shares are jumping today
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today
• Better AI stock: Microsoft vs. Amazon

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, Apple, DroneShield, EML Payments, Microsoft, Technology One, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool Australia has recommended Apple, DroneShield, and Technology One. 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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• Why EML, Jumbo, Mesoblast, and Whitehaven Coal shares are jumping today
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Motley Fool contributor Sebastian Bowen has positions in A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lottery, Nanosonics, PEXA Group, Pro Medicus, and Xero. The Motley Fool Australia has positions in and has recommended Nanosonics and Xero. The Motley Fool Australia has recommended A2 Milk and Pro Medicus. 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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There are a large number of ASX dividend stocks to choose from on the Australian share market.

But which ones could be buys right now?

Three that have been given the thumbs up by brokers are listed below. Here’s what they are forecasting from them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend stock that could be a buy for income investors is baby products retailer Baby Bunting.

The team at Morgans is feeling upbeat about the company’s outlook after a couple of years of struggles. In fact, it sees a return to growth on the horizon.

For example, it is forecasting fully franked dividends per share of 9.5 cents in FY 2024 and then 12.4 cents in FY 2025. Based on the current Baby Bunting share price of $1.82, this will mean dividend yields of 5.2% and 6.8%, respectively.

Morgans has an add rating and $2.50 price target on its shares.

Centuria Industrial REIT (ASX: CIP)

Another ASX dividend stock that has been given the thumbs up by analysts is Centuria Industrial.

It is largest domestic pure play industrial REIT with a 91% weighting to Australia’s high performing eastern seaboard industrial markets.

Macquarie is a fan of the company and is forecasting a result slightly ahead of guidance in FY 2024.

It expects this to underpin dividends per share of 16 cents in FY 2024 and 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $3.09, this represents yields of 5.2% and 5.3%, respectively.

The broker has an outperform rating and $3.41 price target on its shares.

Orora Ltd (ASX: ORA)

Finally, Goldman Sachs think this packaging company would be a good ASX dividend stock to buy.

The broker likes that Orora’s base business has defensive qualities and is positive on growth capital investments. In addition, it feels the current market implied valuation of the Saverglass business provides a favourable risk-reward skew.

As for income, its analysts are forecasting dividends per share of 14 cents in FY 2024, 15 cents in FY 2025, and 16 cents in FY 2026. Based on the current Orora share price of $2.63, this will mean yields of 5.3%, 5.7%, and 6.1%, respectively.

Goldman has a buy rating and $3.50 price target on its shares.

The post Analysts say these 3 ASX dividend stocks are buys with big yields appeared first on The Motley Fool Australia.

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More reading

• 3 ASX dividend stocks to boost your income portfolio in 2024
• Here are the top 10 ASX 200 shares today
• Buy Coles and these ASX dividend stocks
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• Where I’d invest $3,000 into ASX dividend shares in January

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Orora. 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 All Ords healthcare share Imugene Limited (ASX: IMU) is up 10% on Friday to 11 cents.

The share price bump follows another update from the clinical-stage immuno‐oncology biotech company, which is developing virotherapies to treat and kill cancer.

What news does this ASX All Ords biotech have today?

On Friday, Imugene released a second update for the week on its Phase 1 MAST (Metastatic Advanced Solid Tumours) trial.

The trial is evaluating the safety and efficacy of Imugene’s novel cancer-killing virus CF33-hNIS (Vaxinia).

Today we learned that the first patients in the Phase 1 study’s higher dose cohort have received their dose.

On Wednesday, the ASX All Ords company reported early positive signals in the trial, which sent its share price soaring 14%.

Imugene said 38 patients had been dosed with Vaxinia during the continuing dose escalation phase.

Of them, 31 had undergone their first scans after 42 days to see the results.

In the IT cohorts comprising 14 patients, seven of the 15 cancer lesions injected with Vaxinia had reduced in size, and three were eradicated.

The CEO of Imugene, Leslie Chong, said:

Following the positive news on VAXINIA’s early signals and FDA Fast Track Designation to end 2023, we are pleased to start the new year by announcing the ongoing progress of the MAST trial as we continue to see no safety issues with the drug.

We also look forward to expanding the trial to take a closer look at bile duct cancer where we’ve seen early encouraging results.

Imugene gave a poster presentation on Vaxinia for the treatment of gastrointestinal (GI) malignancies at the annual ASCO Gastrointestinal Cancers Symposium (ASCO-GI) in San Francisco, California today.

The presentation contained preliminary data from the first three dose levels in the MAST study.

The company said the data demonstrated encouraging anti-tumor activity with Vaxinia monotherapy.

This included one patient who achieved an immunological complete response with no known recurrence after one year.

Imugene told attendees that Vaxinia “may be an effective and safe treatment option for GI malignancies …”.

The company also said Vaxinia warrants further investigation in biliary tract cancer patients.

Imugene share price snapshot

This ASX All Ords healthcare share has fallen 33% over the past 12 months.

Over the same time period, the S&P/ASX 200 Health Care Index (ASX: XHJ) has retreated 1.23%.

The post This ASX All Ords healthcare share is leaping 10% on cancer-killing drug trial progress appeared first on The Motley Fool Australia.

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More reading

• Why Data#3, Deep Yellow, DroneShield, and Imugene shares are racing higher today
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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 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 happy day for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares so far this Friday. The ASX 200 is presently up by a rosy 0.99% to back over 7,400 points. However, if we look at the Deep Yellow Ltd (ASX: DYL) share price, it seems these gains have not extended to ASX uranium shares.

While the ASX is riding high, Deep Yellow shares are sinking. The uranium producer is currently down a nasty 4.97% to $1.49 a share.

Other ASX uranium shares are suffering too. Boss Energy Ltd (ASX: BOE) is nursing a loss of 2.5%, and Paladin Energy Ltd (ASX: PDN) is down 2.4%.

But Deep Yellow seems to be getting singled out here. So what’s going on?

Why is the Deep Yellow share price tanking on Friday?

To clear this up, there’s been no official news or ASX announcements out of Deep Yellow itself today.

However, we still might be able to work out what might be going on.

According to a report in the Australian Financial Review (AFR) this week, ASX broker Bell Potter has recently been attempting to set up meetings between Deep Yellow and investors. However, those meetings were subsequently cancelled by Deep Yellow after it was speculated that they could be preceding a new capital raise program.

The Deep Yellow share price has exploded higher over the past 12 months, rising close to 100%. So it makes sense that Deep Yellow might want to take advantage of this situation with a new capital raising program.

However, the report notes that the explosive runup for Deep Yellow shares has also attracted short-seller interest. As such, a new capital raise, or even rumours of one, could embolden these shorters (capital raises normally result in a drop in share price).

As such, it’s possible that this is what is putting a dampener on the Deep Yellow share price this Friday. Considering Deep Yellow’s recent share price performance though, it probably won’t bother too many investors.

The post Why is the Deep Yellow share price missing out on today’s market rally? appeared first on The Motley Fool Australia.

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More reading

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• Why Data#3, Deep Yellow, DroneShield, and Imugene shares are racing higher today
• I’d invest in these 2 ASX shares for a real shot at $1 million
• The shocking admission catapulting ASX uranium shares to record highs today
• Why Bapcor, Deep Yellow, Super Retail, and Telstra shares are rising today

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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Over the past months, Flight Centre Travel Group Ltd (ASX: FLT) shares have often found themselves among the 10 most shorted shares on the ASX.

And this week is no exception.

The S&P/ASX 200 Index (ASX: XJO) travel stock kicked off the week as the ninth most shorted share on the ASX, with 8.9% of its shares held short.

Depending on their timing, of course, some short sellers may or may not have made money betting against Flight Centre.

But it certainly doesn’t look like they will this week.

As of last Friday’s close, Flight Centre stock is up 1.8%, currently trading for $20.85 a share.

As for the past 12 months, here’s what I’d have today if I’d invested $10,000 in Flight Centre a year ago.

How have Flight Centre shares performed over the year?

On 19 January 2023, the ASX 200 travel stock closed the day trading for $15.86.

That means I could have snapped up 630 shares, with enough change left over for a pint of beer.

As mentioned above, in afternoon trade today shares are trading for $20.85. Meaning my 630 Flight Centre shares would be worth $13,135.50. Or a handy gain of $3,135.50 from my $10,000 investment a year ago.

But let’s not forget the welcome return of the company’s fully franked dividends, paid out on 19 October.

While not very large at 18 cents per share, Flight Centre paid its first dividend this year since 2019. The dividends were then derailed by the outbreak of the global pandemic.

If we add those dividends back in then the accumulated value of my Flight Centre stockholdings equates to $13,248.90.

That’s a 32.5% gain in 12 months.

Short sellers, take note.

What now?

Despite the strong short interest in Flight Centre shares, Morgans analysts remain quite optimistic about the company’s outlook.

In late December, the broker had an ‘add’ rating on the stock with a $26 price target.

That’s almost 25% above the current price.

The post If I’d invested $10,000 in Flight Centre shares a year ago here’s what I’d have now! 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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ANZ Group Holdings Ltd (ASX: ANZ) shares have set a new 52-week high on Friday at $26.12.

The ANZ share price is currently $26.00, up 0.81%, while the S&P/ASX 200 Index (ASX: XJO) is up 0.9%.

There is no official news from ANZ today.

The ASX bank share is currently awaiting the outcome of its appeal against the Australian Competition and Consumer Commission’s (ACCC) decision to block its merger with the banking division of Suncorp Group Ltd (ASX: SUN).

ANZ applied for a review of the ACCC’s decision by the Australian Competition Tribunal in August 2023.

As reported by Reuters, top broker Citi has put out a note on Suncorp saying the sale of its banking unit is “more likely to occur than not”.

Citi says it expects solid revenue growth for Suncorp due to interest rate increases over the past six months.

However, it also expects 1H FY24 net interest margins to be lower than forecasted due to an “intensely competitive environment”.

Citi has raised its 12-month share price target on Suncorp shares to $15.55.

The Suncorp share price is currently $14.01, up 0.21% for the day.

ANZ share price snapshot

ANZ shares have lifted 4.5% over the past 12 months, while Suncorp shares have risen 13.35%.

The post ANZ shares breach 52-week record amid merger expectations appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy now
• 5 things to watch on the ASX 200 on Friday
• Brokers say these high-yield ASX dividend shares are buys
• What will my ASX 200 bank stocks be worth in 5 years?
• How much would I need to invest in ANZ shares for $7,000 a year in passive income?

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