There are a good number of quality ASX dividend shares to choose from on the ASX 300 index.

Two with big potential yields that have been tipped as buys are listed below. Here’s what analysts are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX 300 dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company and the long term operator of the Dalrymple Bay Coal Terminal (DBCT). It provides terminal infrastructure and services for producers and consumers of Australian coal.

Dalrymple Bay Infrastructure has been tipped to pay big dividends in the near term. This is thanks to strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.

Morgans is a fan and has an add rating and $2.63 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.56, this will mean very generous yields of 8.2% and 8.6%, respectively.

Mineral Resources Ltd (ASX: MIN)

Another high yield ASX 300 dividend share that has been named as a buy is Mineral Resources.

It is a mining and mining services company with exposure to iron ore and lithium.

The team at Bell Potter is positive on Mineral Resources. The broker thinks the company is well-placed for earnings and dividend growth thanks to its business transformation, which it believes will underpin “growing production volumes and improving margins.”

In respect to dividends, Bell Potter is forecasting fully franked dividends of 373.4 cents per share in FY 2023 and 940.9 cents per share in FY 2024. Based on the current Mineral Resources share price of $79.93, this will mean 4.7% and 11.8% dividend yields, respectively.

Bell Potter has a buy rating and $110.00 price target on its shares.

The post Buy these high yield ASX 300 shares for big dividends: brokers appeared first on The Motley Fool Australia.

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More reading

• ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?
• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
• Is the lithium price now on the way back up?
• Why the outlook for these ASX 200 lithium shares could be ‘very favourable’
• How we beat the stock market by 7% per year: fund manager

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

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It’s no secret that the ASX stock market has had a shaky month or so. Despite the rip-roaring week many ASX shares have had this week, the ASX 200 still remains a long way off of its all-time highs of more than 7,600 points that we saw back in 2021.

But don’t despair. The ASX 200 has never failed to surpass a previous all-time high in all of its hundred-year-plus history. And there’s no reason to believe this time will be different. So it’s not a matter of if the next bull market is coming, but when.

But while we wait, we have the chance to pick up additional shares of our favourite companies before they get even more expensive.

So let’s talk about one ASX stock I would be happy to buy today and hold forever – Warren Buffett’s favourite timespan to own a share.

It’s MFF Capital Investments Ltd (ASX: MFF). MFF Capital is a listed investment company (LIC). This means it doesn’t function in the same way as your Coles Group Ltd (ASX: COL) or Telstra Group Ltds (ASX: TLS). Instead, it invests in shares and other assets itself, on behalf of its investors.

Unlike some other LICs on the ASX, MFF Capital doesn’t indulge in flashy marketing and showy publicity. But that’s exactly why I like this company. Every dollar it makes is used for the benefit of its shareholders. MFF is run by Chris Mackay – one of the most well-regarded fund managers in the country.

One ASX stock I would buy and hold forever

Mackay is perhaps most famous for his role in co-founding Magellan Financial Group Ltd (ASX: MFG) and recently stepped in to help his old company during the tumult of the past few years. Mackay is an unabashed Warren Buffett fan, and emulates Buffett’s style of finding the world’s top companies, buying in at a great price, and holding for the long term.

That’s why many of MFF Capital’s top portfolio holdings have been present for years.

MFF Capital usually only invests in US shares. In its portfolio, you’ll find famous names like Microsoft, American Express, Visa, Asahi, Bank of America, and Alphabet.

These are unquestionably some of the best names in investing, and I’m delighted that investing in MFF also means I’m investing in names of this calibre.

But let’s get to the meat and potatoes: performance.

By this writer’s calculations, MFF shares have returned an average of 9% or so per annum in capital growth alone over the past ten years. Including dividend returns, this rises to almost 12% per annum.

So with this LIC, you are getting inbuilt diversification, thanks to its large portfolio of US shares. You are also getting an investment run by one of the best investing minds in the country. Not to mention one that has delivered ASX-crushing returns over a long period of time.

That’s why I would be happy to buy this ASX stock and hold it for the next bull market and well beyond.

The post A bull market is eventually coming: One ASX stock I’d buy now and hold forever appeared first on The Motley Fool Australia.

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More reading

• ‘Sky-high demand’: 2 ASX 200 mining shares that could head to the moon
• The bigger Bendigo Bank dividend is being paid today. Here’s the latest
• Boost your passive income with these ASX dividend shares: analysts
• Don’t stress! The stock market is ‘a long way from a crisis’
• This ASX share’s halved in 5 years, but I’m still sticking with it

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. American Express is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has positions in Alphabet, American Express, Mff Capital Investments, Microsoft, Telstra Group, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Bank of America, Microsoft, and Visa. The Motley Fool Australia has positions in and has recommended Coles Group and Telstra Group. The Motley Fool Australia has recommended Alphabet. 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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Mining shares have carried the S&P/ASX 200 Index (ASX: XJO) over the past 18 months.

But many experts reckon the golden run is far from over for some of those stocks.

Here are two examples that finance expert John-Louis Judges is still keen on:

‘A promising investment opportunity’

Despite hiccups in lithium price growth, the Pilbara Minerals Ltd (ASX: PLS) share price is still more than 10% in the black so far this year.

The fervour for the battery ingredient doesn’t look like abating anytime soon.

“The sky-high demand for lithium chemicals facilitates growth in lithium ore extraction,” Judges told The Bull.

“Pilbara’s production of over 300,000 dry metric tonnes of spodumene concentrate, at an average realised sales price of US$4,993 per dry metric tonne, further reinforces the company’s strong market position.”

This prolific production, a stunning 647% in revenue growth and a decent dividend all add up to a buy for Judges.

“It [is] a promising investment opportunity for those seeking exposure to the lithium mining industry,” he said.

“Pilbara Minerals’ decision to declare a dividend of 11 cents a share demonstrates the company’s commitment to returning value to its shareholders.”

According to CMC Markets, nine out of 16 analysts currently rate the stock as a buy.

The best bet for a ‘safe haven’ asset

Judges said that, with gold prices rising in recent times, Silver Lake Resources Ltd (ASX: SLR) is his pick to take advantage.

“Gold has historically been viewed as a safe-haven asset during times of economic uncertainty, and with ongoing geopolitical tensions and concerns of inflation, there is potential for an increase in its demand.”

The latest results were “strong” for Silver Lake.

“The company’s healthy cash and bullion position of $253 million provides a strong financial foundation for future growth and investment.”

Judges praised the gold miner’s “operational efficiency and excellent market position”.

“The potential for a higher value of gold in the near term makes Silver Lake Resources a good investment opportunity for anyone looking to gain exposure to the gold mining industry.”

Other professional investors largely agree with Judges. Four out of the five analysts that cover Silver Lake currently rate the stock as a strong buy.

The post ‘Sky-high demand’: 2 ASX 200 mining shares that could head to the moon appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Citi gives its verdict on the Pilbara Minerals share price
• Why are ASX 200 gold shares like Newcrest being thumped on Thursday?

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Bendigo and Adelaide Bank Ltd (ASX: BEN) dividend is due to hit bank accounts today.

Shares in the regional bank have slid 11% in the year to date, closing at $8.70 apiece on Thursday.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has gained 1.2% in the year to date.

Bendigo and Adelaide Bank dividend is due today

Bendigo and Adelaide Bank shareholders are set to collect an interim dividend of 29 cents per share, fully franked.

The dividend is 9.4% higher than the 26.5 cents a share dividend paid in the second half of last year.

The bank reported statutory net earnings of $249 million in the first half of FY23, up 49.3% on the prior half but down 22.5% on 1H FY22.

The FY23 interim dividend represents a 55.6% payout ratio, calculated on a cash basis.

Commenting on the dividend in a half-yearly report in February, Bendigo Bank stated:

We announced a fully franked interim dividend of 29.0 cents per share, supporting our strong capital position and our business outlook, while balancing our commitment to support our shareholders with a reasonable return on their investment.

Taking a look at Bendigo Bank’s dividend history, the company also paid 26.5 cents per share in the first half of 2022 and the second half of 2021.

However, back in FY19, prior to COVID-19, the bank offered both an interim and final dividend of 35 cents per share.

Bendigo Bank also offers a dividend reinvestment plan. This means shareholders can reinvest all or part of the dividend into new shares in the company. The bank also offers a bonus share scheme, enabling investors to receive bonus shares for no consideration instead of a dividend.

Share price snapshot

The Bendigo and Adelaide Bank share price has fallen 15.5% in the past year amid broader bank share volatility.

For perspective, the ASX 200 has shed 5.2% in the past year.

Bendigo Bank has a market capitalisation of more than $4.9 billion based on the current share price.

The post The bigger Bendigo Bank dividend is being paid today. Here’s the latest appeared first on The Motley Fool Australia.

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More reading

• ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?
• ASX 200 bank stocks: ‘No different’ or ‘extremely strong’?
• Bendigo Bank shares worst of the ASX 200 banks following UBS downgrade
• Why Bendigo and Adelaide Bank, Jervois Global, Megaport, and NAB are dropping today
• Is right now a once-in-a-decade opportunity to buy ASX 200 bank shares?

Motley Fool contributor Monica O’Shea 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 Bendigo And Adelaide Bank. 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 you’re on the lookout for passive income options, then the ASX dividend shares listed below could be worth considering.

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

Transurban Group (ASX: TCL)

The first ASX dividend share for income investors to look at buying is Transurban.

It manages and develops urban toll road networks in Australia and the United States. Its portfolio of important roads includes Citylink, Cross city tunnel, the Eastern Distributor, and AirportlinkM7.

The team at Citi believe it would be a great option for investors. Particularly in the current inflationary environment. Its analysts highlight that “CPI-linked increases come through with a delay indicating a strong growth path ahead.”

The broker believes this will underpin a “c.6% p.a. DPS CAGR from FY23-FY26” and is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.21, this will mean yields of 4.1% and 4.2%, respectively.

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

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share for income investors to look at is Universal Store.

It is the youth fashion retailer behind the Universal Store, Thrills, and Perfect Stranger brands.

Morgans is a fan of the company due to its strong brands and exposure to younger consumers. The broker expects the latter to continue spending despite the tough economic environment.

It notes that there is a “general risk around a decline in consumer expenditure on discretionary categories like apparel, [but] we highlight that the youth demographic is likely to be more resilient.”

In light of this, the broker believes Universal Store will be well-placed to pay fully franked dividends of 30 cents per share in FY 2023 and then 35 cents per share in FY 2024. Based on the latest Universal Store share price of $4.95, this will mean yields of 6% and then 7.1%.

Morgans has an add rating and $6.85 price target on its shares.

The post Boost your passive income with these ASX dividend shares: analysts appeared first on The Motley Fool Australia.

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More reading

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

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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Investors could be forgiven for thinking the rally in the S&P/ASX 200 Index (ASX: XJO) to start the year was yet another false dawn.

The market has dropped almost 6% since the February peak, to deliver a brutal reality check to stock portfolios.

Of course, a lot of the stress this month relates to US and Swiss bank failures. It seems after steep interest rates rises over the past year, parts of the system are buckling under pressure.

It’s all enough to make your hair turn grey.

“The press is filled with stories of banking failures and global financial crisis (GFC) analogies,” Wilsons head of investment strategy David Cassidy said in a memo to clients.

“Equity markets have fallen ~3% this month, and demand for safe haven assets has risen.”

So are we on the brink of another crisis?

Volatility spike vs financial crisis

Fortunately for investors, Cassidy reckons what we’re experiencing now is merely a “volatility spike”, rather than a full-blown disaster.

“Our analysis suggests that in comparison to genuine ‘crisis’ periods such as the COVID dislocation of 2020 and the GFC of 2008, most market stress indicators are still a long way from ‘extreme’ levels,” he said.

“Key indicators of economic activity suggest conditions remain relatively solid, although a growth slowdown is widely expected (and we agree).”

Out of all the measures that Wilsons analysts use to measure market stress, the Merrill Lynch Option Volatility Estimate (NYSEGIS: MOVE) is the one that’s most outside of normal levels.

This index represents interest rate volatility.

“This is arguably not so much an indicator of severe current market stress but an expression of a heightened fear that the Fed could overtighten, causing a recession, a genuine banking crisis, or both,” said Cassidy.

“Importantly, we do not see a credit dimension to current banking strains, so the Fed still has some wiggle room.”

Cassidy fully admits that share markets are “jittery”. 

“But the real economy continues to look robust.”

What will happen from here?

Cassidy forecasts that stock markets will soon “settle down” and refocus on growth and inflation fundamentals.

“While there are still risks in this fundamental backdrop, we do see prospects as looking encouraging for a relatively orderly slowdown in both growth and inflation,” he said.

“This should see equity markets lift again in response.”

But the Wilsons team will be vigilant on all the metrics, as the situation can change quickly.

“We will continue to watch our stress indicators closely for warning signs of more severe strains.”

The post Don’t stress! The stock market is ‘a long way from a crisis’ appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• 5 things to watch on the ASX 200 on Thursday
• To pause or not to pause? Here are the predictions on next week’s RBA rate decision
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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Investing in ASX dividend shares can be a great way to generate a steady stream of passive income. However, many people believe that they need a large sum of money to get started. Especially if they’re wanting diversification.

The truth is, some modern-day brokerage accounts offer no minimums, making the building of a diversified dividend portfolio for regular income much more achievable.

In this article, I highlight seven high-yielding ASX shares that can be invested in for under $10 each, unlocking the chance to create a diversified income stream with less than $70 from day one.

Note: All dividends in the charts below are semiannual dividends per share

Finding income in financials

The financial sector is a common area of the market among investors to go hunting for dividends.

A quick look at the big four banks will reveal consistently strong earnings margins and dividend yields that would make interest on a savings account look disappointing. Though, these mammoths of Australian finance are all above the $10 threshold, prompting a further search elsewhere.

Two possible alternatives that come to mind are Magellan Financial Group Ltd (ASX: MFG) and Bank of Queensland Ltd (ASX: BOQ) at $8.83 and $6.49 a pop, respectively.

Magellan, an Australian funds manager, has experienced a sharp reduction in dividends recently (shown above) due to a mass exodus of funds under management. However, the similarly large fall in the company’s share price has resulted in a yield of 13.1%.

Whereas, the Bank of Queensland dividend has bounced back after getting ditched during the pandemic. Currently, the retail bank is offering up a 7.1% yield, assuming it remains stable.

ASX retail shares raining dividends

Lately, some of the highest dividend yields can be found among ASX retail shares. Exceptionally sturdy results paired with a forward-looking market have, in many cases, suppressed share prices and driven yields skyward.

A $10 cap might rule out iconic companies such as Wesfarmers Ltd (ASX: WES) and JB Hi-Fi Limited (ASX: JBH), but there are still some quality names in the mix. Three ASX dividend shares that could jumpstart the passive income engine are:

• Shaver Shop Group (ASX: SSG) at $1.05 per share
• Nick Scali Limited (ASX: NCK) at $9.29 per share; and
• Accent Group Ltd (ASX: AX1) at $2.29 per share

As shown above, all three of these retail shares handed out dividends that have been gradually trending higher over the past five years. Furthermore, each of the above companies sells different products, ranging from grooming products to footwear.

At the time of writing, these three companies — Shaver Shop, Nick Scali, and Accent — offer dividend yields of 9.7%, 8.1%, and 7% respectively.

Sold-off ASX dividend shares

Lastly, if picking up some dividend-payers that have had a tough trot so far this year is of interest, here are two possibilities.

Filling out the final spots of the seven ASX dividend shares are Whitehaven Coal Ltd (ASX: WHC) and Rural Funds Group (ASX: RFF), trading at $6.67 and $2.00. These companies provide exposure to energy and real estate, adding further diversification.

Reported net profits after tax (NPAT) for these two have launched to new heights for the past trailing 12-month periods. At the same time, shares in both have staggered lower in 2023.

Of all the sub-$10 shares on this list, Whitehaven Coal is possibly the one with the most volatile history for dividends. Whereas, Rural Funds has been steadily increasing its dividends to shareholders over the years.

Foolish takeaway

Overall, the average yield across all seven ASX dividend shares is around 8.8%. And, for reference, buying one share of each would come to a total of $36.62.

That’s not too shabby for some extra income in the back pocket. However, I personally think focusing on fundamentals can produce far superior returns in the long run. Ultimately, the share price provides little to no insight into the quality or ‘cheapness’ of an investment.

Another approach could involve identifying one high-quality dividend share and investing in it regardless of the share price — whether above or below $10.

The post 7 ASX dividend shares you can buy for under $10 appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX 200 bank stock UBS says is the most over-priced right now
• $1,600 annual dividend income from a $20,000 ASX share portfolio? Here’s how
• Forget term deposits and buy these high-yield ASX dividend shares instead: experts
• ASX 200 bank stocks: ‘No different’ or ‘extremely strong’?
• Bendigo Bank shares worst of the ASX 200 banks following UBS downgrade

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 positions in and has recommended Rural Funds Group and Wesfarmers. The Motley Fool Australia has recommended Accent Group and 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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Chester Asset Management portfolio manager Rob Tucker recalls how painful long-term investing can be, but why it’s worth sticking to it.

The ASX share for a comfortable night’s sleep

The Motley Fool: If the market closed tomorrow for four years, which stock would you want to hold?

Rob Tucker: When I think about those sorts of questions, I do think about pricing power — when a company can raise prices without impacting customer engagement. 

I would say CSL Limited (ASX: CSL) has those attributes. It would be CSL or the Lottery Corporation Ltd (ASX: TLC) for me.

MF: Do you hold Lottery Corp?

RT: We do, yep. Since they’ve de-merged, they’ve shown a really strong ability to tweak prices with Powerball and some of the other games. It’s certainly one that’s got margin expansion through the ability to sell digital tickets, and some pricing levers. I like the Lottery Corp. 

There is probably a five-year wait in terms of the Victorian licence, so that’s a near-term potential obstacle. That’s why I’d err on the side of saying CSL on the five-year yields and I’d hold if the market was closed.

Looking back

MF: Is there a move that you regret from the past? For example, a missed opportunity or buying a stock at the wrong timing or price.

RT: One thing we’ve done occasionally with our fund, in the cyclical space, we’ll value the asset in the ground and come up with a net asset value. That’s how we value the company. Sometimes we’ve been a little early in the strategic merit of that asset base. Sometimes we have to be very patient and [cop] a fair bit of drawdown on individual stocks because we’ve been a bit early. 

I’ll use a stock like Comet Ridge Ltd (ASX: COI) [as an example]. Comet Ridge we bought in 2018 on the premise that it is a large gas discovery in the Bowen Basin and at some point that asset will be the next cab off the rank in terms of production. They have a joint venture with Santos Ltd (ASX: STO) for half of it, and 100% owned the other half. 

Comet Ridge has been a painful stock for us, but as we sit here today five years later, we’re really excited about what happens the next two years, because it is absolutely still a gas resource in the middle of Queensland that’s going to be desperately needed to help solve the East Coast gas crisis. 

That’s an example of one I’ve still got high conviction in, but I’ve been wrong for four years basically.

MF: That would be painful, especially for professional investors like yourselves, because you have to report performance periodically. Even if you have high conviction for a long time, it’s a tricky balance, isn’t it?

RT: Yep. And smaller caps tend to have more volatility. 

Large caps, if something changed fundamentally with CSL, our fund’s of the size we could change our mind in the first two hours. With a small cap, you’ve got to be really vigilant and very, very detailed in why you’re holding those interested companies. And they can move aggressively against you. 

The other point is just sometimes getting the portfolio weights wrong. Sometimes some of your best ideas, you’ve only got a 2% position and you wish it was a 4% position. Sometimes you’ve got a 4% position you wish was only a 1% position. 

When they’re going down, you want less of them, when they’re going up you want more of them.

It’s always getting the portfolio weight right is as much a challenge in portfolio management [as] getting the right stocks.

The post This ASX share’s halved in 5 years, but I’m still sticking with it appeared first on The Motley Fool Australia.

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More reading

• This ASX 200 giant is about to wake up from a 3-year slumber. Are you ready?
• Fundie loves these 2 ASX 200 shares that are ‘difficult to replicate’
• Does the CSL share price fall finally make it a no-brainer buy?
• Why these 3 ASX 200 shares could be leading picks for dividends and growth
• Top brokers name 3 ASX shares to buy next week

Motley Fool contributor Tony Yoo has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. 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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On Thursday, the S&P/ASX 200 Index (ASX: XJO) had a very strong session. The benchmark index rose 1% to 7,122.3 points.

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

ASX 200 expected to rise again

The Australian share market looks set to end the week on a very positive note following a solid night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 39 points or 0.55% higher this morning. In late trade in the United States, the Dow Jones is up 0.4%, the S&P 500 is up 6%, and the NASDAQ index is up 0.8%.

Oil prices push higher

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good finish to the week after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.7% to US$74.18 a barrel and the Brent crude oil price is up 1% to US$79.09 a barrel. This was driven by lower US inventories and Iraqi supply risks.

Lithium M&A activity to continue?

Allkem Ltd (ASX: AKE) and Pilbara Minerals Ltd (ASX: PLS) shares will be on watch after Morgans suggested that they could also become takeover targets in the lithium industry. It said: “We see potential for both PLS and AKE to also be considered attractive targets. PLS offers exposure to high quality hard rock while AKE is much cheaper on a resource multiple.”

Gold price higher

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a solid finish to the week after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.8% to US$1,999.7 an ounce. Traders were buying gold on US dollar weakness and optimism that inflation is easing.

Harvey Norman goes ex-dividend

The Harvey Norman Holdings Limited (ASX: HVN) share price could take a tumble on Friday when it trades ex-dividend for the retailer’s interim dividend. Eligible shareholders can now look forward to receiving Harvey Norman’s fully franked 13 cents per share dividend in a little over a month on 1 May.

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

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More reading

• ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?
• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Citi gives its verdict on the Pilbara Minerals share price
• Why are ASX 200 gold shares like Newcrest being thumped on Thursday?

Motley Fool contributor James Mickleboro has positions in Allkem. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. 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 you’re looking for ASX 200 blue chip shares to add to your portfolio, then read on!

Listed below are two blue chip shares that have been rated as buys by analysts. Here’s what they are saying about them right now:

QBE Insurance Group Ltd (ASX: QBE)

This insurance giant could be a top option for investors looking for ASX 200 blue chip shares to buy.

Especially given its increasingly positive outlook thanks to premium increases, cost outs, and rising interest rates.

It is for these reasons that Morgans is bullish on the company. The broker also highlights that its shares are currently trading at a level that appears “relatively inexpensive.”

Morgans has an add rating and $16.96 price target on QBE’s shares. This compares favourably to the latest QBE share price of $14.53. In addition, the broker is forecasting dividend yields of 5.6% and 6.4%, respectively, for the next two financial years.

Wesfarmers Ltd (ASX: WES)

Another ASX 200 blue chip share that could be in the buy zone right now is Wesfarmers.

It is the conglomerate behind a high quality portfolio of businesses across a range of industries. This includes Bunnings, Kmart, Target, WesCEF, Officeworks, Priceline, and Flybuys.

UBS is a fan of the company and believes its WesCEF business is well-placed to deliver strong earnings again this year.

The broker currently has a buy rating and $55.50 price target on its shares. So, with the Wesfarmers share price trading at $49.76, this suggests potential upside of 11.5% for investors.

In addition, income investors can expect some attractive dividend yields in the near term. UBS is forecasting 3.7% and 4% dividend yields, respectively, over the next two years.

The post 2 high quality blue chip ASX 200 shares named as buys by analysts appeared first on The Motley Fool Australia.

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More reading

• $1,600 annual dividend income from a $20,000 ASX share portfolio? Here’s how
• Morgans says buy these ASX dividend shares for passive income
• How to make passive income for life with just $5 a day
• Is time running out to buy high-yield ASX dividend shares?
• Stay away from this ASX sector (and buy this one instead): expert

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 Wesfarmers. 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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