This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of Apple (NASDAQ: AAPL) declined today, falling as much as 2.1% in early trading before moderating those losses to a 1.3% decline as of 1:43 p.m. ET. While not a tremendous decline, it was notably weaker performance than the market overall as well as the tech-heavy Nasdaq Composite, which were both positive on the day at that time.

Today’s weakness could be attributed to some “selling the news” by traders following yesterday’s event, in which Apple unveiled new iPhones, watches, and services, with more incremental innovation than any great leaps forward. Additionally, it appears most large-cap tech stocks of the FAANG cohort were underperforming today, with other lower-valued parts of tech such as semiconductors outperforming, so there may be some rotation going on here.

So what

Yesterday, Apple unveiled a slew of updates to its product portfolio, mostly centering on incremental health and emergency features for the new iPhone 14, as well as improved battery and camera specs. The biggest surprise may have been that Apple wasn’t raising prices on the iPhone 14, perhaps making a play for more market share in order to boost future services revenue. The most “new” product was a $799 Apple Watch Ultra, designed for extreme athletes. However, that is a relatively limited market.

So, there may have been some selling from traders who were hoping for a more “revolutionary” release. However, since other large-cap tech stocks were down today, there could also be some market rotation going on.

This morning, weekly jobless claims came in below expectations, which means the labor market is still incredibly strong despite Federal Reserve’s interest rate hikes. The strength of the labor market seems to indicate the Federal Reserve can perhaps raise rates more than thought without tipping the economy into recession. This morning, Fed Chair Jay Powell gave an interview in which he said he believed the Fed could bring inflation down without the severe social costs seen in the 1980s, when inflation was more entrenched.

Apple, trading at more than 25 times earnings, has become somewhat of a safe-haven stock in the technology world. However, Powell’s remarks may have led some to believe higher interest rates may not lead to a severe recession as some have feared.

Meanwhile, the recent market downturn has really decimated other corners of the tech market, especially quasi-cyclical stocks like semiconductors and formerly high-flying software companies. So, some traders may be selling the large-cap safe havens and buying these other parts of the technology market that have become cheap, assuming no recession.

Now what

While today’s underperformance is notable, one day doesn’t make much difference over the long term, and there are no big worries with Apple at the moment. This Warren Buffett favorite has a tremendously wide moat, tons of cash, and terrific leadership. Meanwhile, the absence of iPhone price hikes this year could lead Apple to gain even more market share against Android-based devices.

While the upside may not be as great as some other more beaten-down, smaller technology stocks, Apple remains a rock-solid company to anchor your portfolio.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why the Apple share price fell today appeared first on The Motley Fool Australia.

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More reading

• 6 reasons to buy Apple stock now and never sell
• Why the Apple share price traded lower on Tuesday
• This under-the-radar Apple business is growing by leaps and bounds
• Why the shine was off Apple stock on Monday
• Apple sees this business reaching $10 billion soon

Billy Duberstein has positions in Apple and has the following options: short January 2023 $210 calls on Apple. His clients may own shares of the companies mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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We’ve seen a number of companies in the S&P/ASX 200 Index (ASX: XJO) turn ex-dividend this week.

And this streak is only set to continue as more ASX 200 shares take away entitlements to their upcoming dividend payments.

On Monday, three ASX 200 shares are set to turn ex-dividend. This means that today will be the final day to lock in recently-declared dividends from these ASX 200 shares. Let’s check them out.

Chorus Ltd (ASX: CNU)

To kick things off, Chorus shares will be trading on Monday without an unfranked final dividend of 21 NZ cents.

Shareholders electing not to participate in the company’s dividend reinvestment plan (DRP) should see this payment come through on 11 October.

The ASX 200 telco share saw continued growth in demand for fibre broadband in FY22. This helped underlying revenue climb by NZ$4 million to NZ$959 million.

Meanwhile, the company’s cost management initiatives partly mitigated inflationary and COVID pressures. Underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by NZ$3 million to NZ$660 million.

As a result, the company noted it returned to earning more than it was investing in the network for the first time in a decade.

This helped Chorus declare total dividends of 35 NZ cents, up 40% from the prior year. 

What’s more, the company has increased its FY23 dividend guidance to 42.5 NZ cents per share. It’s also guiding for minimum total dividends of 47.5 NZ cents per share in FY24.

Based on the company’s FY23 dividend guidance, Chorus shares are currently trading on a forward dividend yield of 5.4%.

HUB24 Ltd (ASX: HUB)

ASX 200 financials share HUB24 will also be going ex-dividend on Monday, trading without a fully franked final dividend of 12.5 cents.

Investors who own HUB24 shares by the time the market closes today can pencil in a payment date of 14 October. 

The independent specialist platform provider noted it achieved record levels of organic growth in FY22. 

Combined with acquisitive growth from the addition of formerly ASX-listed Class, HUB24 grew revenue by 76% to $190 million.

On the bottom line, underlying net profit after tax (NPAT) surged by 133% to $36 million.

Importantly, the company continued to carve out more market share across the year, increasing its share from 3.9% to 5.1%.

This record performance saw HUB24 double its total dividends in FY22 to 20 cents per share, fully franked.

As a result, HUB24 shares are currently printing a trailing dividend yield of 0.9%, which grosses up to 1.2%.

Perseus Mining Limited (ASX: PRU)

Rounding out this trio of ASX 200 shares going ex-dividend on Monday is gold miner Perseus.

Today will be the last day to lock in Perseus’ unfranked final dividend of 1.64 cents, which will be paid on 12 October.

The ASX 200 gold miner delivered a record performance in FY22. Revenue surged by 66% to $1.1 billion while NPAT doubled to $280 million.

This result was underpinned by a 50% increase in gold production to 494,014 ounces (oz), a 6% reduction in all-in sustaining costs which came in at US$952/oz, and a stable average gold sales price of US$1,683/oz.

On the back of this record performance, Perseus declared a bonus dividend of 0.79 cents, which is included in the final dividend. Total dividends in FY22 arrived at 2.45 cents.

This put Perseus shares on a trailing dividend yield of 1.5% at the end of the financial year, ahead of the company’s target annual yield of at least 1%.

The post Here are 3 ASX 200 shares going ex-dividend on Monday appeared first on The Motley Fool Australia.

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• Do ASX 200 gold shares pay regular dividends?
• ‘Incredibly cheap’: Fundie reveals 3 ASX shares he’d buy right now
• Why is the ASX 200 diving 2% on Tuesday?
• Perseus share price falls despite delivering a record year and dividend boost
• Hub24 share price slumps despite dividend doubling on record growth

Motley Fool contributor Cathryn Goh 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 Hub24 Ltd. The Motley Fool Australia has positions in and has recommended Hub24 Ltd. 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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CSL Limited (ASX: CSL) shareholders will have something to cheer about today as the company improved the dividend amount to be paid out.

In CSL’s full-year results, the board declared a partially franked final dividend of US$1.18 per share.

While the amount was kept the same as the prior corresponding period, it is the equal-highest dividend announced.

Nonetheless, the CSL share price tanked to a low of $278.89 on the day as investors vented their frustration with the company’s outlook.

Today, however, shares in the biotherapeutics giant have recovered to last trade at $299.61 apiece.

Let’s take a look in more detail at exactly how much CSL will pay out to shareholders.

CSL updates its final dividend

If you decided to buy CSL shares and hold them before they went ex-dividend on 6 September, you’ll be eligible for the upcoming dividend.

Previously, CSL notified the market that the US$1.18 dividend would be roughly equivalent to A$1.68 per share.

However, with the exchange rate fluctuating in favour of the Australian dollar against the greenback, you’ll receive a little more than expected.

In its release this morning, CSL provided an update in regards to the equivalent amount stating shareholders will now receive $1.758 per share.

While it may not seem like a great deal, as it’s around 7 cents higher, this could mean a couple of hundred dollars for investors with a large holding.

CSL is scheduled to distribute the dividend payment to shareholder accounts on 5 October.

CSL share price snapshot

With CSL shares notching up 7.5% since the FY 2022 results, investor momentum appears to be growing.

Currently, the company’s share price is around 13% lower than its previous all-time high of $342.75 (20 February 2020).

CSL has a price-to-earnings (P/E) ratio of 41.67 and a market capitalisation of $144.45 billion.

The post The CSL dividend just got updated. How much will you be getting? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 CSL Ltd. 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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Wesfarmers Ltd (ASX: WES) shares are heavily influenced by the performance of the Bunnings business.

In FY22, which is the 12 months to 30 June 2022, Bunnings generated $2.2 billion of earnings before tax (EBT). This compares to $505 million of EBT in Kmart and Target, $540 million in Wesfarmers chemical, energy and fertilisers (WesCEF) and $181 million generated by Officeworks. There are smaller divisions as well, which contribute to the company.

As you can see, Bunnings is by far the biggest profit generator for Wesfarmers.

With how much revenue and earnings Bunnings has generated since the start of COVID-19, investors may be wondering if this is the best that things are going to get.

Management confident about Bunnings

There has been a change in how people view their homes and this could help Bunnings.

In relation to a question from Richard Barwick of CLSA Australia, asking whether there might be a slump in sales and earnings in FY23 on the back of an outstanding period of growth for the Bunnings Group, managing director Michael Schneider said:

I think there has been a structural shift in the way that our customers think about their home. It’s become a workplace, it’s become a classroom, it’s become somewhere that you know, you’re spending more periods of time. When you’re working from home two or three days a week, there is more wear and tear on the house and you’re seeing more things to do.

We saw also that over the last few years, customers have actually really developed quite a new array of DIY skills. We’ve been able to bring you products and services and categories into the market to be able to meet those needs.

Furthermore, Schneider discussed how Bunnings is positioned in terms of demand on the commercial side of the business, the area focused on supplying builders.

The type of construction that we’re focused on is the smaller builder, they’re not managing some of these bigger projects where you’ve seen some building companies get themselves into a bit of trouble.

So I think there’s a lot of opportunity for us to pursue there and the whole build strategy that the team have sort of built in the way we’re sort of thinking about that through the different segments are Bunnings and also TKD, and Beaumont Tiles I think gives us some great opportunity to really earn the right to be chosen by customers in that space.

What else have we learned about Bunnings?

Bunnings said that its EBT only grew by 0.9% over FY22, but it grew by 3.7% to $945 million in the second half.

It still achieved an incredibly high return on capital of 77.2% in FY22, which shows it earns very high profitability on money invested into the business. It’s a real crown jewel for Wesfarmers shares.

In terms of a trading update, Wesfarmers said retail trading conditions remained “robust” through the first seven weeks of FY23. Bunnings saw continuing “positive sales growth” on a one-year and two-year basis.

Looking at the Bunnings outlook when Wesfarmers released its FY22 result, the company said:

Bunnings continues to be well positioned for a range of market conditions, and will benefit from the diversity of its business, focus on necessity products and strength of its offer across consumer DIY and commercial markets.

The demand outlook across consumer and commercial is supported by a solid pipeline of renovation and building activity, as well as incremental DIY growth opportunities as customers continue to focus on maintaining and improving their homes.

Bunnings continues to manage operating complexities from COVID-19 and supply chain disruptions, as well as navigate inflationary pressures, with a clear focus on cost discipline, driving productivity improvements and delivering market-leading value for customers.

Wesfarmers share price snapshot

Over the past month, Wesfarmers shares have dropped 1%. They are down 22% this year to date and 16% over the past 12 months.

On Thursday, they closed 2.7% higher at $46.97.

The post Buying Wesfarmers shares? Here’s why the company says Bunnings can continue to outperform appeared first on The Motley Fool Australia.

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• Could these ‘little’ businesses be a secret weapon for Wesfarmers shares?
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• Down 20% so far this year, is the Wesfarmers share price a screaming bargain?
• How I’d invest $50,000 in ASX dividend shares for retirement, if I had to start from scratch

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. 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 wanting to increase your income with some dividend shares, then the two listed below could be worth a closer look.

Both dividend shares are expected to provide investors with attractive yields in the near term. Here’s what you need to know about them:

Rural Funds Group (ASX: RFF)

The first ASX dividend share to look at is Rural Funds.

It is an Australian agricultural property company with a portfolio of high quality assets that are leased to some of the biggest players in the sector such as Treasury Wine Estates Ltd (ASX: TWE).

Thanks to long leases and periodic rental increases, the company has been increasing its dividend at a solid rate for many years. This saw Rural Funds lift its distribution by its annual target rate of 4% in FY 2022 to 11.73 cents per share.

Pleasingly, management expects to do the same again in FY 2023 and is forecasting a 12.2 cents per share dividend. Based on the current Rural Funds share price of $2.55, this represents a yield of 4.8%.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

Another option for income investors to consider is actually an exchange traded fund (ETF).

As its name implies, the Vanguard Australian Shares High Yield ETF provides investors with exposure to companies that have higher than average forecast dividends.

In addition, the fund manager ensures that the ETF is diversified and not simply filled with banks. It restricts the proportion invested in any one industry to 40% of the total ETF and 10% for any one company.

Among the companies included in the fund are the big four banks and mining giants such as BHP Group Ltd (ASX: BHP).

At present, the Vanguard Australian Shares High Yield ETF trades with an estimated forward dividend yield of 5.9%.

The post Here are 2 ASX dividend shares with attractive yields 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 positions in and has recommended RURALFUNDS STAPLED. The Motley Fool Australia has recommended Vanguard Australian Shares High Yield Etf. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Evolution Mining Ltd (ASX: EVN) share price has fallen on hard times over the past month.

Investor concerns about a more aggressive rate hike by the US central bank are weighing down the price of gold.

In turn, this is negatively impacting Evolution Mining shares which tanked to a multi-year low of $2.10 earlier this week.

At Thursday’s market close, the gold miner’s shares finished with a small gain of 1.87% to $2.18.

However, despite ending in the green, the share is still down 21% in a month.

In comparison, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is around 13% lower over the same period.

Let’s take a look at what might be ahead for the ASX 200 gold miner.

Evolution eyes improved performance for FY23/24

Investors will be closely watching the next moves from Evolution following the appointment of Lawrie Conway as its first CEO and managing director.

The change comes as the company is seeking to turn its fortunes around after disappointing shareholders with its preliminary results.

However, Evolution founder Jake Klein will remain in his role as executive chair at least until the end of 2024.

The share of responsibilities between Conway and Klein will aim to deliver on the company’s growth projects, in particular the Cowal underground mine development and the new Upper Campbell underground mine at Red Lake.

Klein touched on the new appointment, saying:

The creation of this role will allow us to continue to deliver on both Evolution’s strategic ambitions and operational performance and establishes the organisational structure for the next chapter of growth and development.

Lawrie will bring a necessary whole of business focus as we progress the implementation of our vision of building Evolution into a premier, global gold company.

On a positive note, Evolution said it had started FY 2023 well with July and August operational performance in line with plans.

Production is planned to increase by 12.5% to around 720,000 ounces this year.

This is expected to then further lift by another 11% to around 800,000 ounces in FY 2024.

All-in sustaining cost (AISC) is anticipated to be maintained at roughly $1,240 per ounce for both financial years.

While the outlook looks rosy, where the Evolution share price goes from here also depends on the price of the yellow metal.

If gold continues to fall as it has done in the past month, this will mean a loss of revenue for Evolution.

Evolution Mining share price summary

A tough 12 months marred by inflationary pressures and the ailing gold price has led the Evolution share price to tumble by 42%.

After reaching a 52-week high of $4.75 in mid-April, the share has waddled away by about 55%.

Evolution has a price-to-earnings (P/E) ratio of 12.48 and commands a market capitalisation of approximately $4 billion.

The post The Evolution Mining share price has dumped 20% in a month. What’s next? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Aaron Teboneras 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 Mineral Resources Limited (ASX: MIN) share price will be on watch on Friday.

This follows the release of an announcement by the mining and mining services company relating to its lithium operations.

Mineral Resources share price amid lithium demerger talk

The Mineral Resources share price will be in focus today after the company responded to media speculation surrounding a potential demerger of its lithium operations.

According to a report by the AFR yesterday, Mineral Resources has appointed JP Morgan to look at unlocking value by spinning off its lithium business in the United States.

The company is reportedly considering the move in response to a sizeable valuation gap between its shares and those of US-listed lithium shares such as Albermarle.

This follows a recent restructure which has separated the company’s operations into four different units – iron ore, mining services, energy, and lithium.

The response

This morning the company responded to the speculation by highlighting that it often evaluates various strategic options with the aim of maximising value for shareholders. However, at this stage, it doesn’t have anything to report in regard to this lithium demerger speculation.

The company’s response stated:

In response to speculation in the Australian Financial Review that Mineral Resources Limited (ASX MIN, MinRes) is considering a potential listing of its lithium business, MinRes wishes to advise that, in the normal course of business, it regularly evaluates various strategic options to maximise value creation for shareholders, including in relation to its lithium business. At this stage, any previously undisclosed potential strategic initiatives being considered by MinRes are not sufficiently advanced or certain to warrant disclosure.

The Mineral Resources share price is up 7% this year. While this is far better than the performance of the ASX 200 index, it isn’t as great as the returns being recorded by pureplay lithium shares.

The post Mineral Resources share price on watch amid lithium demerger rumours 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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Investors looking at Sayona Mining Ltd (ASX: SYA) shares may be wondering whether it could be a source of dividends.

The mining sector is a popular and bountiful place to find dividend-paying shares such as Fortescue Metals Group Limited (ASX: FMG), BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), New Hope Corporation Limited (ASX: NHC) and South32 Ltd (ASX: S32).

Sayona Mining describes itself as an emerging ASX lithium share with projects in Quebec, Canada, and Western Australia.

In Canada, its assets comprise North American Lithium together with the Authier lithium project and the Tansim lithium project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc (ASX: PLL). It also has a 60% stake in the Moblan lithium project.

In Western Australia, it has a large tenement portfolio in the Pilbara region, where it’s looking for gold and lithium. The lithium projects are subject to an earn-in agreement with Morella Corporation Ltd (ASX: 1MC).

Does Sayona Mining pay dividends?

The miner hasn’t paid any dividends yet. At the moment, that isn’t the focus for the leadership team.

Sayona Mining shares are getting a lot of attention for its growth potential and that’s where the business is spending shareholder capital to grow value – on the mining projects.

The company may pay dividends eventually, but it needs to generate operating profits first – dividends are paid from profit. Generating positive operating cash flow could also help fund future dividends.

North American Lithium on track for production

One of the building blocks to generating a profit is North American Lithium (NAL). It was announced last month that the restart of NAL operations has picked up speed, with around 30% of plant and equipment upgrades now completed, including the arrival of the magnetic separator and crusher.

It said that construction work is on schedule, with 50 construction works currently on-site, with this number expected to double by September.

The project is on track to deliver its first spodumene (lithium) concentrate production in the first quarter of 2023, which is in line with the government plan to develop 100% of the local battery supply chain.

It would become the only local supplier in North America after having committed around $100 million to the restart.

Sayona managing director Brett Lunch said at the time:

It is extremely pleasing to see the rapid progress at NAL as we ramp up towards the recommencement of lithium production.

With virtually all of the NAL operation powered by hydroelectricity, this is truly one of the world’s most sustainable lithium operations, an important differentiator in an industry that aims to facilitate global decarbonisation.

Sayona Mining share price snapshot

Adding yesterday’s 13% gain to the last few weeks, the mining business has risen almost 20% in the past month. The Sayona Mining share price is also up 121.4% since the stat of 2022.

The post Do Sayona Mining shares pay dividends? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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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Despite the painful falls for growth shares witnessed this year, many experts still insist certain companies are still overvalued.

That’s because compared to their earnings, the share price is still a high multiple.

It’s not a massive surprise though, as the 2022 correction has come after a decade-long bull market for growth stocks. By November last year, there certainly were some ASX shares trading at astronomical price-to-earnings (P/E) ratios.

If a business had a PE multiple of 100 a year ago and now trades at 50, then it’s not unreasonable to say it is still expensive.

But just judging a stock by its PE ratio is overly simplistic.

Certainly, the analysts at QVG Capital believe this, as two ASX shares they love fit into this category.

Market leaders will keep surprising us

The QVG team holds both WiseTech Global Ltd (ASX: WTC) and IDP Education Ltd (ASX: IEL) in its Long Short Fund.

“They are both ‘highly rated’ (expensive) on a one year forward multiple but we know near term earnings are the wrong lens [to] view these companies,” read their memo to clients.

“Wisetech and IDP Education both have globally leading products and are early in their long runway of global growth.”

Both companies enjoyed a warm reception from investors over last month’s reporting season.

Logistics software maker Wisetech saw its shares soar 17.3% over August, while international education provider IDP rose almost 22% over July and August.

It was no surprise for the QVG team, considering they are both leaders in their fields.

“Also, businesses like IDP and Wisetech with dominant products, high customer value propositions and good unit economics tend to surprise positively along the journey,” read the memo.

“The earnings beat/raises we saw this reporting season from them are an example of that.”

Arrested development

The QVG analysts also loved another ASX share that was on the way to becoming another WiseTech or IDP Education.

“Nearmap Ltd (ASX: NEA) is somewhat analogous — albeit earlier stage and more capital intensive,” read the memo.

“But our return from Nearmap was effectively ‘front ended’ as they agreed to a takeover at a 40% premium.”

Indeed, a private capital buyer Thoma Bravo will acquire the mapping technology company at $2.10 per share.

The QVG team regrets that it won’t be able to fully realise the investment potential of Nearmap. But there is a bright side.

“Whilst we’re disappointed in not reaping return over the journey as Nearmap scales, the ability for us to take our return upfront and redeploy the capital into other opportunities is good compensation.”

The post 2 ASX shares that look expensive but have years of growth ahead: QVG Capital appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education Pty Ltd, Nearmap Ltd., and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Nearmap Ltd. 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 not too often that the S&P/ASX 200 Index (ASX: XJO) gains a new blue chip share among its upper echelons. But that’s exactly what happened last year when Woolworths Group Ltd (ASX: WOW) spun out Endeavour Group Ltd (ASX: EDV) to live ASX life on its own.

Endeavour, the company that houses the Dan Murphy’s and BWS bottle shop chains, as well as a network of pubs, used to be part of Woolworths. But since June 2021, the two have parted ways.

So now that we are more than a year out from this happy divorce, it’s a good time to compare these two companies and how they stack up when it comes to dividends.

So last month, when Woolworths reported its full-year earnings for FY22, investors might have been disappointed to learn that the supermarket giant would be delivering a lower final dividend for FY22 than in FY21.

Although the cut from 55 cents per share to 53 might seem small, it still represents a dividend cut of 3.64%. Together will Woolworths’ last interim dividend of 39 cents per share, Woolies shares today offer a dividend yield of 2.52%

So how does this stack up against Woolworths’ progeny, Endeavour?

How does Endeavour’s dividend yield compare to Woolworths?

Well, soon after its ASX listing, Endeavour hit the ground running in terms of dividends. Its first dividend was the final dividend of 7.7 cents per share that investors received back in September 2021.

The company really made a splash, though, with its interim dividend this year, which came in at 12.54 cents per share.

Last month, Endeavour reported its own FY22 earnings. These included a final dividend for FY22 of 7 cents per share, a 9.1% cut on Endeavour’s inaugural dividend.

These last two payments give Endeavour a dividend yield of 2.07% on current pricing.

Now Woolworths is already in an unenvious position when it comes to dividends. That’s thanks to its yield vastly trailing what its arch-rival Coles Group Ltd (ASX: COL) is offering today (3.61%).

But on these numbers, at least shareholders can comfort themselves that the parent is still besting the child when it comes to raw yield.

The post How do Endeavour’s dividends stack up against its old parent Woolworths? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. 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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