The Woodside Energy Group Ltd (ASX: WDS) share price has been an exceptional performer over the past 12 months.

Rebounding from COVID-19 — an existential threat to producers at the time — shares in the oil and gas giant have soared 46% compared to where they were a year ago, as shown below. A mixture of recovering demand and supply shortfall due to the Russia-Ukraine crisis breathed new life into energy prices.

Bolstered by the high prices, Woodside has relished in the chance to mint extraordinary profits. Specifically, the company bagged $3.31 billion in earnings in FY22 at an income margin of around 32%. In the lead-up to 2020, Woodside typically achieved profits in the ballpark of $1 billion.

The latest data shows Australia went toe-to-toe on LNG exports with the United States and Qatar in 2022. But could the success for Woodside be a double-edged sword?

LNG demand puts Australia centre stage

Australian LNG export estimates for last year show exactly why the Woodside share price was on fire in 2022. According to data from EnergyQuest, an Australian energy advisory firm, Aussie LNG exports increased 86% to a record 81.4 million tonnes.

The country’s total exports were estimated to be worth $92.8 billion, placing Australia near the United States and Qatar. Based on Woodside’s 2022 production guidance and last realised price, around $7.5 billion of that was possibly from Woodside alone.

For investors, the shifting away from Russian oil and gas has been a major windfall. However, the sky-high prices have also drawn the attention of government intervention.

Could the Woodside share price be at risk?

The Federal government passed legislation last month to introduce a cap on the price of gas sold in the domestic market. A temporary cap on wholesale gas is now in place at $12 per gigajoule in an attempt to quell household and manufacturing cost pressures.

Shareholders seemed to have shrugged off the price cap for now. However, the cries for a ‘windfall profits’ tax have already commenced.

This is the conundrum that the Woodside share price faces amid burgeoning profits. Already, the United Kingdom has instituted such a levy — taking a 35% slice of oil and gas profits, increasing from the previous 25%.

Though, the looming fear of potentially running into a gas shortfall as early as 2024 might keep the government at bay.

The post Bigger profits risk bigger target: The Woodside share price conundrum appeared first on The Motley Fool Australia.

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• The 3 best performing ASX 200 dividend shares of 2022
• Why Audio Pixels, Bowen Coking Coal, Pantoro, and Woodside shares are dropping
• What could gas caps mean for the Woodside share price?
• Why are ASX 200 energy shares falling today?
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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 S&P/ASX 200 Index (ASX: XJO) wobbled in and out of the green this afternoon before ultimately closing the day higher. The index was up 0.06% at 7,063.6 points at the end of Thursday’s session.

While many miners came in among the day’s top gainers, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) outperformed all other sectors, rising 0.6%.

Travel stocks led the way on the sector. Shares in Corporation Travel Management Ltd (ASX: CTD), Flight Centre Travel Group Ltd (ASX: FLT), and Webjet Limited (ASX: WEB) gained 3.7%, 3.4%, and 2.7% respectively.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) rose 0.4% with gold miners taking out the top spots after the yellow metal’s value cracked US$1,850 an ounce overnight.

Today wasn’t all green, however. The S&P/ASX 200 Energy Index (ASX: XEJ) plunged 1.3%, leaving it 3.9% lower than it was at the end of 2022.

So, with all that in mind, let’s take a look at Thursday’s 10 top-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

Core Lithium Ltd (ASX: CXO) shares took out today’s top spot with a 7.77% gain, leaving it trading at $1.11 as of the market’s close.

Its surge came amid news of the maiden shipment from the company’s Finniss Lithium Project.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Core Lithium Ltd (ASX: CXO)	$1.11	7.77%
Pinnacle Investment Management Group Ltd (ASX: PNI)	$9.89	7.03%
Imugene Limited (ASX: IMU)	$0.165	6.45%
De Grey Mining Limited (ASX: DEG)	$1.495	6.41%
Silver Lake Resources Limited (ASX: SLR)	$1.325	6%
Liontown Resources Ltd (ASX: LTR)	$1.32	5.18%
Novonix Ltd (ASX: NVX)	$1.55	4.73%
Chalice Mining Ltd (ASX: CHN)	$6.65	4.72%
Centuria Capital Group (ASX: CNI)	$1.76	4.14%
Credit Corp Group Limited (ASX: CCP)	$19.73	3.84%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Investing in ASX 200 shares? Here’s what to expect from the US Fed in 2023
• Why is this ASX 200 gold share rocketing 7% on Thursday?
• Core Lithium share price higher on China shipment update
• The 3 best performing ASX 200 dividend shares of 2022
• What caused such wild swings in the Core Lithium share price in 2022?

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 Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has recommended Corporate Travel Management and 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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S&P/ASX 200 Index (ASX: XJO) shares offered a timely reminder last year on the impact of rising interest rates.

After more than a decade of easy money policies, 2022 saw global central banks – led by the United States Federal Reserve – begin to ratchet up record low rates to tame fast rising inflation.

In US markets, the hawkish pivot saw the S&P 500 Index end the year down 19.4%.

In Australia, impacted by both the Fed and the RBA hikes, the ASX 200 managed to fare better. Though the benchmark index still closed the year down 5.5%.

With that in mind, investors in ASX 200 shares would do well to keep an eye on the likely upcoming policy moves from the Fed.

What can ASX 200 investors expect from the Fed in 2023?

The Fed’s target rate kicked off 2022 in the range of 0.00% to 0.25%. It ended the year in the current range of 4.25% to 4.50%.

ASX 200 investors hoping that the world’s top central bank may hold off on further rate hikes at this level are likely to be disappointed.

According to the minutes from the Fed’s last policy meeting, released overnight Aussie time, Fed officials doubled down on their determination to bring inflation back down to their 2% target range. And the officials warned investors that rates are likely to stay high for some time yet.

The officials said (courtesy of Bloomberg) that “an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability”.

“A big concern of their messaging here is that the market is pricing in cuts by the second half of this year,” Michael Feroli, chief US economist at JPMorgan Chase & Co said.

Indeed, ASX 200 investors should understand that any rate cuts from the Fed appear unlikely to eventuate in 2023.

Derek Tang, an economist at LH Meyer, said investors should prepare for another 0.50% rate hike from the Fed next month:

They don’t see light at the end of the tunnel yet with inflation. They’re so alert of financial easing that’s ‘unwarranted’ that the scale should tilt to staying with 50 basis points in February. That’ll drive the message home.

According to Bloomberg, 17 of 19 Fed officials forecast that the benchmark interest rate in the US will hit at least 5.1% in 2023. That’s a hawkish shift from September when the official unanimously believes rates would not exceed 5% this year.

The post Investing in ASX 200 shares? Here’s what to expect from the US Fed in 2023 appeared first on The Motley Fool Australia.

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• Why is this ASX 200 gold share rocketing 7% on Thursday?
• Are these the best ASX 200 shares to buy and hold?
• Hydrogen, lithium, rare earths, oh my! Here are 3 shares floating on the ASX in 2023
• Top brokers name 3 ASX shares to buy
• These two ASX shares are celebrating 2023 by hitting new 52-week highs

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

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It’s a good day to be invested in S&P/ASX 200 Index (ASX: XJO) gold shares. Many are spending the day in the green, including market favourite De Grey Mining Limited (ASX: DEG).

The De Grey share price is soaring 6.76% right now to trade at $1.50 despite the company’s silence. That’s 16.5% higher than it was at the end of 2022.

For comparison, the ASX 200 has spent most of today in the green. It’s currently 0.05% higher than its previous close at 7,063 points.

So, what’s going so right for the ASX 200 gold share and its peers today? Let’s take a look.

ASX 200 gold shares outperform on Thursday

ASX 200 gold shares are among the market’s leaders on Thursday, with investors’ attention seemingly focused on one in particular.

More than $13 million worth of De Grey shares have traded hands so far on Thursday, with market participants bidding the stock nearly 7% higher.

And the company isn’t alone in the green. Other ASX 200 gold shares are also outperforming. Some of the biggest gains include:

• Shares in Silver Lake Resources Limited (ASX: SLR) have jumped 6.4% to $1.33
• Chalice Mining Ltd (ASX: CHN) stock has lifted 5.7% to trade at $6.71
• Newcrest Mining Ltd (ASX: NCM) shares have gained 3.1% to reach $21.71

They’re helping to boost the S&P/ASX 200 Materials Index (ASX: XMJ) 0.4% higher at the time of writing.

Looking beyond the ASX 200, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) has soared 2.9% today.

Fortunately, there’s a simple explanation behind the yellow metal’s golden day.

Gold price lifts amid Federal Reserve minutes

The price of gold lifted above US$1,850 an ounce overnight as United States Federal Reserve minutes revealed interest rate hikes in the world’s largest economy will likely slow this year.

Though, officials don’t expect to lower rates in 2023 amid a continuing fight against inflation, as Reuters reports.

The gold price is now at its highest point since June, having gained around 1.6% since the end of 2022.

The post Why is this ASX 200 gold share rocketing 7% on Thursday? appeared first on The Motley Fool Australia.

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• The 3 best performing ASX 200 dividend shares of 2022
• 5 things to watch on the ASX 200 on Thursday
• ASX financial shares lifted the ASX 200 today
• Here are the top 10 ASX 200 shares today
• ASX 200 tech shares are leading the market higher 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 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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I’m a big fan of buy and hold investing ASX 200 shares and believe it is the best way to grow your wealth in the share market.

There are a few key reasons for this, which I will detail below.

The potential for high returns

Historically, shares have provided higher returns than other investments such as bonds and cash over the long term. While past performance is not indicative of future results, investing in ASX 200 shares could potentially lead to higher returns compared to less risky investments.

Compounding

When you earn a return on your investment, you have the opportunity to reinvest that return. This can lead to compound returns, where the returns earned in one period are reinvested to potentially earn even more in the future. Compounding explains why generating a 10% return each year turns $1,000 into $1,100 in one year but $2,000 in a touch over seven years.

Inflation protection

Another reason to invest in ASX 200 shares over the long term is inflation. Inflation can erode the value of cash over time, but shares have the potential to increase in value along with inflation. This can potentially help protect your purchasing power over the long term.

But which ASX 200 shares are buy and hold candidates?

Late last year, Bell Potter released its “champion stocks” list. These are the ASX 200 shares that the broker believes would be great long term options for investors. It explained:

These Champion Stocks all have a long term positive thematic, which should drive superior earnings growth and shareholder value over the coming years, notwithstanding inevitable disruptions in the economic and investment environment such as COVID-19 as well as some corporate stumbles from time to time.

Among its champion stocks list you’ll find biotherapeutics giant CSL Limited (ASX: CSL), industrial property company Goodman Group (ASX: GMG), and wealth management platform provider Netwealth Group Ltd (ASX: NWL).

The post Are these the best ASX 200 shares to buy and hold? appeared first on The Motley Fool Australia.

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• Brokers name 2 high quality blue chip ASX 200 shares to buy

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth 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 fireworks have been set off, the ball has dropped, and the party has ended. 2023 is officially here, and with it comes three new ASX hydrogen, lithium, and rare earths shares, each floating in January.

Let’s take a look at the companies set to float on the Aussie bourse following their initial public offerings (IPOs).

3 new shares hitting the market in 2023

VHM Limited (ASX: VHM)

Of the three shares, the first to list on the ASX following its IPO is expected to be rare earths and mineral sands developer VHM Limited. It’s anticipated to list on Monday.   

The company owns the globally significant Goschen project, located in Victoria. It’s aiming to be a major supplier of critical minerals for renewable energy, technology, and batteries.

The project’s first production is expected in the first half of 2025.

VHM is aiming to raise $20 million through its IPO, with an additional $10 million of oversubscriptions accepted. It’s issuing shares for $1.35 each.

It’s expected to boast a market capitalisation of between $256 million and $266 million at its offer price.

Gold Hydrogen Limited (ASX: GHY)

VHM will likely be quickly joined on the ASX by hydrogen company Gold Hydrogen. The stock is anticipated to begin trading on 13 January.

It’s planning to raise around $20 million by offering shares for 50 cents under its IPO.

Unlike many other hydrogen outfits, the company is involved with naturally occurring hydrogen. It’s hoping to kick start drilling for the gas in South Australia in the September quarter.

Gold Hydrogen is considering monetising its production by means such as onsite power generation, pure hydrogen generation and distribution, and storage applications.

Gold Hydrogen is predicted to list with a $70 million valuation, based on its offer price.

Patagonia Lithium Ltd (ASX: PL3)

Finally, Patagonia Lithium is also tipped to list on 13 January after raising up to $8 million through its IPO, issuing shares for 20 cents apiece.

Patagonia Lithium is, of course, a lithium company. It holds three projects in Argentina’s lithium triangle, nearby others held by the likes of Lake Resources N.L. (ASX: LKE) and Allkem Ltd (ASX: AKE).

While the projects are considered prospective for lithium, the battery-making material hasn’t been identified on any of the sites yet. Exploration at the projects is expected to kick off shortly after the company’s ASX float.

It’s anticipated to list with a market capitalisation of around $11 million.

The post Hydrogen, lithium, rare earths, oh my! Here are 3 shares floating on the ASX in 2023 appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy
• These two ASX shares are celebrating 2023 by hitting new 52-week highs
• Core Lithium share price higher on China shipment update
• 2 passive income ideas I’d use to generate $200 a month in 2023
• Could this ASX 200 casino operator be in for another year of pain in 2023?

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 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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With most brokers taking a break over the holiday period, research notes are few and far between at the moment.

But don’t worry because listed below are three recent broker buy recommendations that still have plenty of upside potential.

Here’s why brokers think these ASX shares are in the buy zone:

Qantas Airways Limited (ASX: QAN)

According to a note out of Morgans, its analysts have an add rating and $8.50 price target on this airline operator’s shares. Morgans sees a lot of value in the Qantas share price at the current level. Particularly given its expectation that pent-up travel demand will underpin further EBITDA growth over FY24/25. Overall, the broker believes the discount being applied to Qantas’ shares is unwarranted. The Qantas share price is trading at $6.23 this afternoon.

REA Group Limited (ASX: REA)

A note out of Goldman Sachs reveals that its analysts have a conviction buy rating and $159.00 price target on this real estate listings company’s shares. Goldman remains positive on REA Group’s ad yield outlook and is expecting this to underpin modest EBITDA growth in FY 2023 and then a 19% jump in FY 2024. The latter is ahead of analyst consensus estimates. The REA share price is fetching $110.92 this afternoon.

Woolworths Group Ltd (ASX: WOW)

Another note out of Goldman Sachs reveals that its analysts have a conviction buy rating and $41.70 price target on this retail giant’s shares. The broker appears pleased with Woolworths’ decision to acquire a 55% stake in pet accessories and food retailer Petspiration Group. It sees the transaction as an incrementally positive step in the evolution of its eco-system strategy. Goldman also highlights that the transition from liquor retail and gaming/hotels into higher growth pet retail is in line with its strategy. The Woolworths share price is trading at $33.10 on Thursday.

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

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• Can these 2 ASX 200 shares crush the market again in 2023?

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 recommended REA 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 shares are broadly off to a good start in 2023.

Since the opening bell on 3 January, the All Ordinaries Index (ASX: XAO) is up a healthy 1.7%.

Joining in the rally today, two ASX shares have just hit new 52-week highs.

Gold regaining its shine

The gold price edged up again overnight to US$1,859. That’s the highest price the yellow metal has fetched since early June last year. And it’s up almost 11% since 4 November.

That’s helped most gold miners post some healthy gains. And, as you can see in the chart below, Northern Star Resources Ltd (ASX: NST) is no exception.

The ASX gold share has soared 67% since 26 September.

Investors have been hitting the buy button amid the rising gold price and the positive outlook the miner provided in an exploration update on 15 November.

“Our exploration team has made a strong start to FY23, advancing some exciting early-stage prospects across our global tier-1 portfolio as well as expanding beyond known areas of mineralisation,” managing director Stuart Tonkin said.

The Northern Star share price is up 1.8% in afternoon trading today to $11.64 per share. That’s a new 52-week high for the ASX share and its highest level since November 2020.

Which brings us too…

ASX share hits new 52-week high on continuing takeover interest

The second stock marching to a new 52-week high today is Warrego Energy Ltd (ASX: WGO).

The ASX share has been the subject of a takeover battle involving Gina Rinehart’s Hancock Energy Strike Energy Ltd (ASX: STX) and former suitor Beach Energy Ltd (ASX: BPT).

Today, Rinehart increased her offer for Warrego Energy by almost 29% to 36 cents per share.

That offer has sent the Warrego share price leaping 8.7% to 37.5 cents, interestingly higher than the latest takeover bid.

With today’s big boost, the ASX share is trading at new 52-week highs and up a whopping 168% since 3 November.

Happy New Year!

The post These two ASX shares are celebrating 2023 by hitting new 52-week highs appeared first on The Motley Fool Australia.

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• Why Alkane, Appen, Warrego Energy, and Zip shares are racing higher today
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• 3 best ASX 200 gold shares of 2022
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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 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 Core Lithium Ltd (ASX: CXO) share price is flying high on Thursday.

In afternoon trade, the lithium miner’s shares are up a decent 5% to $1.08.

Why is the Core Lithium share price charging higher?

Investors have been bidding the Core Lithium share price higher today following the release of a positive announcement.

According to the release, Core Lithium has made its first shipment of lithium to a customer in China.

The company revealed that the ship Rossana, loaded with 15,000 dry metric tonnes (dmt) of 1.4% Li2O spodumene Direct Shipping Ore (DSO) from the Finniss Lithium Operation, has set sail from Darwin Port.

This marks the maiden shipment of lithium from Finniss and is the company’s first revenue event. Management also highlights that it is a significant milestone in Core Lithium’s journey to deliver sustained shareholder value.

Core Lithium sold the lithium to a lithium-ion battery supply chain participant in Fangcheng, China, for a price of $US951/dmt. This values the shipment at approximately US$14.25 million.

‘Significant milestone’

The company’s CEO, Gareth Manderson, was pleased with the news. He said:

I am proud of the Core team and our contract partners for safely delivering this significant milestone in our Company’s history. This first shipment of lithium product has also allowed our team to successfully commission the logistics chain linking Finniss to the Darwin Port.

Manderson advised that the company will now turn its focus to the production of high-quality spodumene concentrate from Finniss. He added:

Our focus now is to safely complete construction of the dense media separation (DMS) plant at Finniss to enable us to produce high-quality spodumene concentrate.

The post Core Lithium share price higher on China shipment update appeared first on The Motley Fool Australia.

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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 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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2023 looks like a great idea to be searching for ASX dividend shares that can generate passive income for investors.

Last year saw many share prices drop noticeably. Not only does this mean that those businesses are on a cheaper valuation, but the dividend yields have received a boost too.

For businesses that are expected to grow the dividend in the coming years, the lower share prices are a welcome boost for income-focused investors.

These are two that look like good options with attractive yields.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT) that owns a portfolio of agricultural properties across vineyards, almonds, macadamias, cattle and cropping (sugar and cotton).

One of the key goals of the business is to grow its distribution by 4% per annum for investors. That’s typically better than inflation and can compound strongly over time.

The business has rental income built into its contracts with tenants, linked to inflation or there’s a fixed rental increase annually. This is useful organic growth for the ASX dividend share’s passive income.

Another thing that can help the passive income is that Rural Funds is investing in increasing farm productivity, with aspects like improved water access.

It pays equal amounts quarterly, providing regular income for investors. In FY23, the total distribution is expected to be 12.2 cents per unit. This translates into an FY23 distribution yield of 5%, or around 1.25% per quarter.

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is an ASX retail share that sells beauty and personal care through a store network and online. This beauty and personal care market is worth over $10 billion in Australia and New Zealand and is expected to grow to $12 billion by 2026. That’s a useful tailwind for growing passive income.

The company has grown its dividend each year since FY17 and Commsec numbers suggest another increase is coming in FY23. It could grow its annual dividend by 5% to 10.5 cents per share, translating into a forward grossed-up dividend yield of 13%. But, that’s just a projection.

In FY22 to 6 November, total sales were up 13% and the gross profit margin was “consistently up” on the prior year.

Based on Commsec projections, the Shaver Shop share price is valued at 9 times FY23’s estimated earnings.

$200 per month of passive income

If an investor were to buy an equal amount of those two passive income ideas, it would be an average dividend yield of 9% including the franking credits (which are accessed when the tax return is done).

I think these two ASX dividend shares could do well as part of a diversified dividend portfolio.

A monthly income of $200 translates into an annual income of $2,400. With these two names and an average yield of 9%, it would take a total investment of $27,000 to generate $2,400 of total income.

That annual total could just be from year one though. Rural Funds aims to keep growing its payment by 4% every year, while Commsec numbers suggest dividend growth in FY24 and FY25 as well. So, the annual income could keep rising from $2,400.

The post 2 passive income ideas I’d use to generate $200 a month in 2023 appeared first on The Motley Fool Australia.

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More reading

• I think these are the 10 best ASX shares to buy for 2023
• 2 defensive ASX dividend shares to buy for 2023: experts
• How to swap your job for $75,000 in retirement income using ASX dividend shares
• Yields of up to 7%… 3 ASX dividend shares I’d buy to hold for 10 years
• Buy these ASX dividend shares for a passive income boost: analysts

Motley Fool contributor Tristan Harrison has positions in Rural Funds 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 Rural Funds 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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