Dividend investors’ minds are likely turning to the upcoming earnings season. Some may be considering adjusting their ASX share portfolios to position themselves for as big a payday as possible.

In a market downturn, ASX dividend shares can really show their worth.

Firstly, they deliver at least some sort of return for investors while share prices fall.

Secondly, they provide investors with peace of mind, as dividends are funded by profits. So they relate to business performance, not share price movement. This is comforting during times of extreme volatility.

James Gerrish is a senior portfolio manager at Shaw and Partners. Gerrish and his team manage domestic and international direct equity portfolios.

In a recent interview with Livewire, Gerrish predicted ASX 200 companies would pay about $40 billion in dividends this earnings season. That’s a 5% increase on this time last year.

But he points out that the lion’s share will be delivered by ASX mining shares and ASX bank shares.

Gerrish said:

The yield of the ASX 100 is 4.85% — but if you strip out the miners, you get a yield of 2.7%. That means nearly half of the expected yield is coming from the resources names. 

The silver lining is those income investors have many more options within the two big sectors [of mining and banks] for finding optimum yield.

Which ASX dividend shares will deliver?

Gerrish says the ASX dividend shares that may pleasantly surprise are in the property and retail spaces.

He also suggests there may be some surprises among ASX shares that have fallen on negative sentiment.

Gerrish said: “You think about property, for one. There’s a lot of armageddons built into property stocks, in my view. You’ve got the upside potential for distributions.”

Gerrish says real estate investment trust (REIT)s Dexus Property Group (ASX: DXS) and Stockland Corporation Ltd (ASX: SGP) may outperform.

Gerrish says ASX retail shares have also suffered share price declines due to negative sentiment.

But investors might be pleasantly surprised by these ASX dividend shares in August.

For earnings certainty and some forward guidance, Gerrish nominates Metcash Limited (ASX: MTS) and Wesfarmers Ltd (ASX: WES).

On the other hand, Gerrish is expecting potential disappointment for income investors holding ASX resources shares and ASX energy shares.

Gerrish said:

For any downside surprises, they come no bigger than the commodities sector. Earnings are high so dividend expectations are high. I think there could be some disappointment on the dividends announced by resources, energy companies, and the like.

Are expectations too high?

Gerrish says yes:

I think we’ll go into a period of earnings downgrade and re-rates to the downside.

You’ll see a transition back to more normal multiples.

The post Can ASX dividend shares deliver during earnings season? appeared first on The Motley Fool Australia.

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More reading

• Could ASX earnings season be ‘a lot better than what the market is positioned for’?
• ASX 200 retail shares rise as consumer confidence improves
• Brokers: Buy these 2 leading ASX 200 shares in July
• AMP share price in focus as Mirvac wins control of $7.7 billion office fund
• What I love about these 2 ASX dividend shares

Motley Fool contributor Bronwyn Allen has positions in Wesfarmers 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 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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Hooray! The S&P/ASX 200 Index (ASX: XJO) has shaken off the insecurity it showed earlier in the week and is now healthily rising. At the time of writing, the ASX 200 has put on a pleasing 1.54% and is now up around 6,752 points. 

But let’s dive deeper into these market moves and check out the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

South32 Ltd (ASX: S32)

Our first cab off the rank today is ASX 200 mining company South32. So far this Wednesday, a hefty 15.62 million of this diversified miner’s shares have been bought and sold.

We haven’t heard anything out of the company itself. So we can probably thank the robust rise this miner has enjoyed over today’s session for this high volume. The South32 share price is presently up 3.53% at $3.52.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium stock Pilbara is next up today. So far this Wednesday, a sizeable 21.94 million Pilbara shares have swapped owners. Like with South32, this seems to be a direct result of share price movement.

And like South32, it will no doubt be impressing shareholders. Pilbara Minerals is currently up an eye-catching 4.24% at $2.46 a share.

Lake Resources N.L. (ASX: LKE)

Last but certainly not least in terms of trading volumes, we have another ASX 200 lithium stock in Lake Resources. A whopping 37.65 million Lake shares have traded hands as it stands this Wednesday. Unfortunately, Lake Resources shares are going the other way to most ASX shares today.

This lithium stock is down today, falling by a meaty 1.83% so far to 70 cents a share – likely the source of this elevated trading volume. There have been no announcements from Lake, although my Fool colleague Brooke covered some news in the lithium space earlier today that could be playing a role here.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Are Telstra shares still worth holding for dividend income today?
• What market prediction sent the Magellan share price spiking 9% today?
• ASX 200 lithium shares get busy amid dire supply call
• ASX 200 midday update: Megaport rockets, Allkem’s update, tech shares rally
• Why is the Novonix share price launching 5% higher today?

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

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If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

That’s because rather than picking a few shares to invest in, ETFs allow you to spread your risk by investing in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are highly rated right now:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF to look at is the BetaShares Global Cybersecurity ETF. It provides investors with exposure to the leaders in the global cybersecurity sector. Among the companies you’ll be owning are cybersecurity giants Accenture, Cloudflare, Crowdstrike, and Okta. These companies appear well-placed for long term growth thanks to increasing demand for cybersecurity services as more infrastructure heads to the cloud and cyber attacks increase.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ETF to consider is the popular BetaShares NASDAQ 100 ETF. This ETF allows investors to own a slice of the 100 largest (non-financial) shares on the famous NASDAQ index. This means you’ll be buying a stake in giants such as Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. With the NASDAQ index down heavily in 2022, now could be an opportune time to make a long-term investment.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This fund gives investors access to many of the leading companies in the video game market. Included in the fund are high quality companies such as Aristocrat Leisure Limited (ASX: ALL), Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies have exposure to a video game market benefiting from 2.7 billion active gamers globally.

The post 3 high quality ETFs for ASX investors to buy today appeared first on The Motley Fool Australia.

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More reading

• Why I think these 2 ASX shares are steals
• I think the Betashares Nasdaq 100 ETF looks like a strong buy
• What’s in store for the BetaShares NASDAQ 100 ETF in the next 12 months?
• Here’s why I think this cybersecurity ETF is a top buy in July
• 2 beaten down ETFs for ASX investors to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports 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 Woodside Energy Group Ltd (ASX: WDS) share price has been on a roll in 2022 so far. The stock has racked up an impressive 43% gain since the start of this year. At the time of writing, the Woodside share price is $32.56.

So is it blue skies ahead for the newly crowned energy goliath? Allan Gray chief investment officer and managing director Simon Mawhinney thinks so.

In fact, the fundie appears broadly bullish on the energy sector. Though, he’s holding particularly high hopes for the S&P/ASX 200 Index (ASX: XJO) energy giant.

Let’s take a look at why Mawhinney is backing Woodside to go higher.

Why this fundie is bullish on Woodside shares

The Woodside share price has been gaining this year, driven higher amid the company’s merger with BHP Group Ltd (ASX: BHP) petroleum assets.

That’s despite notable criticism of Woodside’s crown jewel, the Scarborough Project. But the project is one of the many reasons Mawhinney likes the stock.

“[Woodside] has an asset base with long reserve lines, particularly when Scarborough is developed,” the fundie said.

The company expects the $17 billion project to be up and running in 2026. And Mawhinney is confident the green energy transition won’t have wiped away demand for fossil fuels by then, saying:

We find it very hard to see oil prices falling to [consensus’ expectations of] US$70 a barrel.

Especially when you take into account the cost of extracting this; the limited investment that’s gone into replacing new supply; and the fact that even in a net-zero 2050 world there will be hydrocarbon consumption that will be needed for decades to come.

All of those together, our expectations for what oil and gas prices are likely to be going forward makes Woodside an attractive investment.

The fundie finds Woodside shares so attractive, in fact, that the energy stock made up nearly 11% of the Allan Gray Australian Equity Fund last month.

It was joined in the fund’s top ten holdings by energy stocks Worley Ltd (ASX: WOR) and Origin Energy Ltd (ASX: ORG).

The post Why this fundie believes Woodside shares are still an ‘attractive investment’ appeared first on The Motley Fool Australia.

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More reading

• Why JB Hi-Fi, Mesoblast, Pendal, and Woodside shares are pushing higher
• Why are ASX 200 energy shares having such a stellar Tuesday?
• Why is the Woodside share price leaping today?
• Why is the Woodside share price having such a strong start to the week?
• 5 things to watch on the ASX 200 on Monday

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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The Vanguard US Total Market Shares Index ETF (ASX: VTS) is one of the most popular exchange-traded funds (ETFs) on the ASX with a fund size of close to $3 billion. But what is it invested in?

The purpose of the ETF is to provide low-cost access to a broad range of US shares and “participate in their long-term growth potential”, according to Vanguard.

ETFs can be very effective investment vehicles to invest in the share market and benefit from the (hopeful) capital growth over time.

Let’s have a look at what makes up the VTS ETF’s investments:

Holdings

Firstly, we’ll look at the total number of positions in the portfolio. Some funds only have 10 or 20 positions. Other ETFs may have hundreds or even thousands of holdings.

At 31 May 2022, the Vanguard US Total Market Shares Index ETF had a total of 4,100 positions. This is one of the most diverse funds on the ASX in terms of the number of different businesses that it provides exposure to.

While the lower-ranked holdings may not make up much of the portfolio, the VTS ETF does have some significant investments in a few leading businesses.

These were the 10 largest positions at the end of May 2022: Apple, Microsoft, Alphabet, Amazon.com, Tesla, Berkshire Hathaway, Johnson & Johnson, UnitedHealth, Meta Platforms and Nvidia.

VTS ETF sector diversification

There’s more to the investments than just how many holdings it has, it could also be worthwhile knowing which industries these businesses are in.

The Vanguard US Total Market Shares Index ETF is invested across a number of sectors.

At the end of May 2022, these were the following allocations:

Technology (25.9%)

Consumer discretionary (14%)

Health care (13.4%)

Industrials (12.8%)

Financials (11.5%)

Consumer staples (5.5%)

Energy (5%)

Real estate (3.7%)

Utilities (3.3%)

Telecommunications (2.6%)

Basic materials (2.3%)

My thoughts on the VTS ETF sector diversification

Having thousands of holdings spread across numerous sectors is good news in my opinion. I believe that the tech sector has good growth potential because of the increasingly technological nature of the world, meaning growing demand for those businesses. Plus, they earn good margins and the big tech players have strong balance sheets to protect and grow their businesses.

However, the one thing to keep in mind is that they are all businesses that are listed in the US.

If investors have an ASX share-focused portfolio, then the Vanguard US Total Market Shares Index ETF can be an effective way to boost geographical diversification. But then again, it’s just invested in US shares, so investors wanting exposure to Europe or other markets may need to consider something else as well.

The post Own the Vanguard US Total Market Shares Index ETF (VTS)? Here’s what you’re invested in appeared first on The Motley Fool Australia.

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More reading

• Broker gives its verdict on the BHP share price post-Q4 update
• Morgan Stanley tips 30% upside for the Whitehaven share price. Here’s why
• Why is the Core Lithium share price surging 7%?
• Why is the Firebrick Pharma share price blazing 28% on Wednesday?
• Are Telstra shares still worth holding for dividend income today?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. 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 positions in and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Berkshire Hathaway (B shares), Microsoft, Nvidia, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and UnitedHealth Group and has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Berkshire Hathaway (B shares), and Nvidia. 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 BHP Group Ltd (ASX: BHP) share price is on form on Wednesday.

In afternoon trade, the mining giant’s shares are up 1.5% to $37.14.

Can the BHP share price keep rising?

As far as one leading broker is concerned, this could be the start of further gains for the BHP share price.

According to a note out of Goldman Sachs, its analysts have responded to BHP’s quarterly update by retaining its buy rating with a trimmed price target of $40.80.

This implies a potential return of 10% for investors over the next 12 months before dividends and approximately 20% including them (BHP’s final dividend of FY22 and interim dividend of FY23).

What did the broker say?

Goldman was pleased with BHP’s performance during the fourth quarter of FY 2022. It notes that strong iron ore and copper production offset softer metallurgical coal production.

The broker was also impressed with the Big Australian’s cost performance, particularly in comparison to its rivals.

It commented:

BHP reported a strong operational performance to end FY22 with an 8% QoQ increase in iron ore production (South Flank ramp-up) and a 25% lift in copper (rebound in grades at Escondida), offsetting a 16% drop in met coal production due to wet weather. Solid relative cost performance vs. peers continues with BHP achieving FY22 guidance for most assets. Realised price performance was mixed as usual, with better achieved met coal prices, but lower iron ore and copper price (incl negative provisional pricing) vs. GSe.

And while Goldman Sachs was a touch disappointed with some aspects of BHP’s guidance for FY 2023, the broker was pleased with its guidance for key operations.

Released guidance for FY23 production is on average 2-3% below GSe, but importantly the largest and highest margin assets such as Pilbara iron ore & Escondida copper were in-line or above our estimates. We forecast a c.5% increase in Cu Eq production in FY23 (continuing operations) despite the ramp-up of Spence sulphides and Nickel West continuing to underperform.

Overall, in light of the above, its attractive valuation, strong free cash flow, and big dividends, Goldman continues to see plenty of value in the BHP share price and reaffirms its buy rating.

The post Broker gives its verdict on the BHP share price post-Q4 update appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• ‘We have clearly seen the peak’: Sector veteran gives earnings season warning for ASX mining shares
• What’s the outlook for the iron ore price in 2023?
• ASX 200 midday update: BHP’s Q4 update, JB Hi-Fi delivers record result
• BHP share price climbs amid record year for iron ore

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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The Whitehaven Coal Ltd (ASX: WHC) share price is up 2.66% on Wednesday as ASX resources shares rally.

At the time of writing, the ASX coal miner’s shares are fetching $6.375 each after the company’s share price hit an 11-year high of $6.46 earlier in the session.

There has been no news released by the company today. However, the broader resources sector is up, with the S&P/ASX 200 Resources Index (ASX: XJR) ascending 2.17% so far today.

Top broker Morgan Stanley sees a potential 30% upside in the Whitehaven share price.

It has increased its 12-month share price target for Whitehaven from $7.75 to $8.50.

Let’s have a look at the reasoning behind its buy recommendation.

Broker tips 30% jump in the Whitehaven share price

According to reporting by the Australian Financial Review, a team of analysts at Morgan Stanley say Whitehaven is a buy for three reasons.

The analysts, led by Rahul Anand, firstly point out that Whitehaven had a strong fourth quarter in FY22.

They add this “showed perhaps some of the operational issues faced in the past few years and is finally starting to improve”.

The team also says there is “headroom available for resolutions for legal proceedings against previously approved Narrabri Stage 3 Extension, without facing significant future production disruptions”.

Finally, the analysts point to an estimated dividend yield for FY23 of 19% on their base case.

Whitehaven hits highest price since 2011

The Whitehaven Coal share price lifted to its highest point since 2011 today, hitting $6.46.

It gives the ASX coal miner a market capitalisation of almost $6.1 billion.

The post Morgan Stanley tips 30% upside for the Whitehaven share price. Here’s why appeared first on The Motley Fool Australia.

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More reading

• Rocks and lasers: 2 ASX All Ords shares securing new multi-year highs on Wednesday
• Here are the top 10 ASX shares today
• These ASX 200 coal shares are smashing 10-year highs on Tuesday
• Why Ansell, EML, Suncorp, and Whitehaven Coal shares are charging higher
• Could ASX coal shares be set for a boost?

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

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The Core Lithium Ltd (ASX: CXO) share price is surging today.

Shares in the ASX lithium explorer and producer closed yesterday at 93 cents and are at the time of writing trading for $1, up 7.2% in afternoon trade.

So, what’s piquing ASX investor interest?

Tesla indicates battery metals in short supply

It’s not just the Core Lithium share price charging higher today.

Most ASX lithium shares are outpacing the 1.8% intraday gains posted by the All Ordinaries Index (ASX: XAO).

This comes after Tesla Inc (NASDAQ: TSLA) chair Robyn Denholm, who’s also the chair of the Tech Council of Australia, said Tesla’s demand for battery metals could soon outpace supplies.

According to Denholm:

I can’t think of a technology that is more important than lithium-ion batteries right now. The world cannot build battery cells fast enough. It may be the rate-limiting actor for tackling climate change. To meet the challenge of climate change, this entire industry needs to scale at sprinting pace.

As my Fool colleague Brooke Cooper reported, “Denholm has reportedly called on state and federal governments to grant more lithium projects the tick of approval and noted opportunities for partnerships between public and private capital”.

Core Lithium share price snapshot

The Core Lithium share price has been a stellar performer, with shares up 59% in 2022 and up a whopping 335% over the past 12 months.

For some context, the All Ordinaries is down 12% year to date.

The post Why is the Core Lithium share price surging 7%? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 lithium shares get busy amid dire supply call
• Why Tesla stock popped today
• Here are the top 10 ASX shares today
• These are the 10 most shorted ASX shares
• What’s in store for the BetaShares NASDAQ 100 ETF in the next 12 months?

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tesla. 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 Firebrick Pharma Ltd (ASX: FRE) share price has been on form on Wednesday.

At one stage today, the clinical-stage pharmaceutical developer’s shares were up 28% to 32 cents.

The Firebrick share price has since given back the majority of these gains but remains up 8% to 27 cents.

What’s going on with the Firebrick share price today?

Investors have been bidding the Firebrick share price higher today despite there being no news out of the company.

However, it worth noting that prior to today the company’s shares were trading 67% lower than their 52-week high.

So, with many beaten down ASX shares rebounding strongly today as investor sentiment improves, it isn’t overly surprising to see Firebrick having a positive session.

Investors buying today appear optimistic that the company’s Nasodine nasal spray still has a bright future despite being dealt a blow by the Therapeutic Goods Administration (TGA) earlier this month.

What happened to Nasodine?

Nasodine, a nasal spray intending to treat the common cold, was previously denied approval by the TGA.

The TGA then reaffirmed its stance earlier this month when the company received written advice from the regulator indicating that the section 60 request had resulted in confirmation of the original decision.

However, the company isn’t accepting this and is now seeking to overturn this decision by applying for an independent review through the Administrative Appeals Tribunal (AAT).

Firebrick’s executive chairman, Dr Peter Molloy, commented:

The s60 decision was always a possibility and we will now proceed to the next step in the appeal process. We strongly believe that the existing clinical data satisfactorily establishes the efficacy of Nasodine in the treatment of the common cold and that the AAT review should lead to an earlier approval of Nasodine.

We believe that because overall cold severity was not designated as the “primary” endpoint, the TGA has discounted the results.

No timeframe has been given for when a decision on the appeal will be made.

The post Why is the Firebrick Pharma share price blazing 28% on Wednesday? 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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Telstra Corporation Ltd (ASX: TLS) shares have been a staple of the ASX dividend investors‘ portfolio for decades now. This blue chip telco of the S&P/ASX 200 Index (ASX: XJO) has a long history of paying out large and fully franked dividend payments to shareholders.

But the Telstra share price has not been as kind to investors in recent years. Today, the telco’s shares are going for $3.95 each at the time of writing. That’s basically the same price that investors could have bought in for back in mid-2017. In fact, the Telstra share price has gone backwards by 3.4% over the past five years. The telco is also down almost 6% in 2022 thus far.

So are Telstra shares still worth buying for dividend income today?

Well, let’s check out what kind of dividend yield one could expect from the company today. So Telstra has consistently paid out an annual total of 16 cents per share in fully franked dividends every year since 2019. Its most recent dividend was the interim payment of 8 cents per share that investors received back on 1 April.

So as Telstra has paid out 16 cents in dividends per share over the past 12 months, its shares currently have a trailing dividend yield of 4.04% on the current pricing. That grosses up to 5.77% with the value of those full franking credits.

Are Telstra shares a buy for dividend income?

A yield of 4.04% is objectively solid, although it’s not as high as many other ASX blue chip shares. For example, three out of the four major ASX banks offer higher trailing dividend yields than Telstra today. As do mining giants like Rio Tinto Limited (ASX: RIO) and BHP Group Ltd (ASX: BHP).

However, Telstra’s current dividend yield is still higher than many other ASX blue chip shares. These include Woolworths Group Ltd (ASX: WOW), Coles Group Ltd (ASX: COL), Wesfarmers Ltd (ASX: WES) and Transurban Group (ASX: TCL).

But still, income investors could arguably do worse than Telstra shares today. But perhaps it is the telco’s share price itself that offers the most potential return for investors. As my Fool colleague Tristan covered last week, two ASX brokers have buy ratings on the telco right now. They are Ord Minnet and Morgan Stanley.

Ord Minnet currently has a 12-month share price target of $4.65 on Telstra shares. Morgan Stanley has a similar view, with a target of $4.60. These targets represent a potential upside of 17% and 16% respectively from where the company’s shares sit today. Also worth noting is how both brokers anticipate a continuation of Telstra’s 16 cents per share dividend into FY2023.

So if these brokers are to be believed, Telstra is a buy today for both healthy dividend income and the possibility of significant share price gains over the coming year. No doubt that will be music to the ears of shareholders. But we shall just have to wait and see what happens to be sure.

At the current Telstra share price, this ASX 200 telco has a market capitalisation of $45.6 billion.

The post Are Telstra shares still worth holding for dividend income today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation 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 positions in and has recommended COLESGROUP DEF SET, Telstra Corporation Limited, and 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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