Are you looking for some small cap shares to add to your portfolio? If you are, then have a look at the two listed below.

Here’s why they analysts are bullish on these small caps:

Airtasker Ltd (ASX: ART)

The first small cap ASX share to consider is this online marketplace provider for local services.

It could be a top option thanks to its material growth opportunity both at home and overseas. For example, management estimates that it has a total addressable market (TAM) of $600 billion across Australia, the UK, and the US.

Morgans remains a big fan of Airtasker. At the end of last month, the broker retained its add rating on the company’s shares with a price target of $1.05. This implies potential upside of 160% for investors based on the current Airtasker share price of 40.5 cents.  It commented:

Whilst acknowledging the current volatile market conditions and broader sector sentiment, we continue to remain attracted to the strong growth opportunity ahead for ART, predicated on the company successfully implementing its strategy of penetrating the prodigious TAM opportunity both domestically and offshore.

Serko Ltd (ASX: SKO)

Another small cap ASX share to look at is this online travel booking and expense management software provider.

Serko was hit hard by the pandemic but is bouncing back strongly now. And with the company well-funded, it is now able to focus on its global marketplace strategy. This strategy is aiming to transform the company from an online booking tool into a distributed marketplace. This will also be supported by its game-changing deal with Booking.com.

Citi is positive on Serko. It recently retained its buy rating and $5.10 price target on the company’s shares. This suggests potential upside of 57% from the current Serko share price of $3.25. The broker commented:

We continue to see a high degree of uncertainty in terms of forecasting the Booking.com for Business in the near term, however expect the expansion into unmanaged travel in partnership with Booking.com to drive solid earnings growth over the medium term and also help the core business.

The post Experts name 2 exciting small cap ASX shares to buy with huge upside potential appeared first on The Motley Fool Australia.

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More reading

• Why I think these ASX tech shares are buys in August
• Brokers name 3 ASX shares to buy today
• ‘We are benefiting from the inflationary environment’: Airtasker share price rockets 16%

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. owns and has recommended Elmo Software and Serko Ltd. The Motley Fool Australia owns and has recommended Elmo Software. The Motley Fool Australia has recommended Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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APA Group (ASX: APA) is a top S&P/ASX 200 Index (ASX: XJO) share in my opinion.

It may not be a household name, but it is an essential business to the Australian economy. It owns 15,000 km of natural gas pipeline that connects supply sources and markets across the Australian mainland. It delivers half of the country’s natural gas usage.

Pipelines may not sound like the most exciting idea but, hopefully, the attractiveness will seem clearer once I’ve outlined some of the key positives.

Past performance is not a reliable indicator of future performance but I think it’s worthwhile pointing out that over the past six months, the APA share price has risen by around 20%. That compares to the ASX 200 which has dropped 1.3%.

Inflation protection

Most investors are keeping a close eye on inflation and interest rates.

The higher the interest rate goes, the lower (most) asset prices are meant to go, in theory. Higher inflation could hurt household budgets as they are forced to spend more money on essentials like petrol, energy, and food.

But, APA could be protected from what’s going on, thanks to how it generates its revenue, profit, and cash flow.

APA says it’s positively leveraged to rising inflation with the large majority of its revenue indexed to inflation.

Contracts within Australia that contain inflation-linked escalations typically apply a formula based on either quarterly, bi-annual, or annual Australian CPI inflation. The Wallumbilla Gladstone Pipeline contract escalates annually, based on November US inflation. For the 2022 calendar year, the increase due to US inflation will be 7.5%.

In terms of APA’s drawn debt, it’s fully hedged with an average maturity of seven years. In other words, it won’t feel the impact of higher interest rates as a cost for a while.

The ASX 200 share also boasts that it has a high earnings before interest, tax, depreciation and amortisation (EBITDA) margin. In the FY22 half-year result, the underlying EBITDA margin was around 77%.

Green energy

APA is actively participating in hydrogen feasibility projects as the commercialisation of hydrogen evolves.

For example, it’s partnering to assess green hydrogen opportunities through the Central Queensland Hydrogen Consortium with the development of a hydrogen hub in the region for domestic supply and export to Japan’s industrial market.

The ASX 200 share is also involved in other hydrogen efforts.

The Parmelia Gas Pipeline hydrogen project is the proposed 100% hydrogen conversion of a section of existing pipeline in Western Australia. Phase two is underway, with lab testing of the pipeline materials in gaseous hydrogen conditions.

The Victorian Transmission System is a proposal to develop Australia’s first blueprint for state-wide hydrogen blending. It is believed that up to 20% of the gas being transmitted in pipelines could be hydrogen when blended with natural gas.

APA is also looking to invest in electricity transmission and renewable energy generation.

Core business growth

Management believes that natural gas still has an important role to play for decades, particularly when it comes to “affordable security of supply”.

APA continues to invest in new pipelines for customers.

For example, it’s investing around $460 million to build a 580km pipeline to connect the Perth Basin to the Goldfields region. This will provide an alternative source of secure energy and double the capacity, according to APA. This also creates a platform for additional growth as more resource customers seek new energy solutions to replace traditional ones.

Growth of the ASX 200 share’s cash flow enables a growing distribution. It targets a payout ratio of between 60% to 70% of free cash flow.

It grew the FY22 distribution by 3.9% to 53 cents per security. That translates into a distribution yield of 4.4% at the current APA share price.

The post Why I think this boring ASX 200 share is anything but appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Is the VAS dividend yield bigger than an ASX 200 index fund?
• What goes up when the share market crashes?
• 5 proven investment strategies you can use to ride out a recession
• The iron ore price has slumped 10% in 5 days. Here’s how ASX 200 mining shares have responded.

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 APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price is gaining the attention of investors as news emerges of more potential acquisitions.

This company is a diversified conglomerate invested across an array of different ASX shares and sectors.

Industries represented in the portfolio include telecommunications, building products, property, banks, resources and so on.

In terms of the actual ASX shares in the portfolio, it’s invested in businesses like TPG Telecom Ltd (ASX: TPG), New Hope Corporation Limited (ASX: NHC), Tuas Ltd (ASX: TUA), Pengana Capital Group Ltd (ASX: PCG), Macquarie Group Ltd (ASX: MQG), BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA).

Soul Pattinson also has a growing portfolio of private companies, which are “platforms” for further growth. That includes agriculture, electrical business Ampcontrol, swimming school business Aquatic Achievers and Ironbark Asset Management.

According to reporting by the Australian Financial Review, Ironbark is involved with the potential acquisitions. Ironbark says it delivers a “range of innovative financial solutions including funds management, corporate trustee services and bespoke investment solutions.” Soul Pattinson owned 30.7% of Ironbark at the latest disclosure.

What’s Ironbark doing?

According to the AFR, Soul Pattinson has agreed to fund around $30 million for Ironbark through a capital call structure that was put in place in late June.

This money would be used over time, so its ownership of Ironbark would rise as the capital was used.

The newspaper’s reporting noted that the funds management part of the company attracted money for external fund managers to manage through Ironbark-branded funds. An example of this is New York-based Apis Capital. The wealth advisory segment has reportedly been “taking minority stakes in advice businesses.”

In its FY22 half-year result, Soul Pattinson noted that it had seen an increased profit contribution from Ironbark and expected to “allocate additional capital to expand this portfolio of private investments which in turn provide platforms for further growth.”

The ASX share said there were “multiple avenues for growth in existing and new opportunities” with its private equity portfolio.

Soul Pattinson share price snapshot

Over the last month, the Soul Pattinson share price has risen by close to 10%.

The post Acquisitions ahoy: Soul Pattinson share price in focus appeared first on The Motley Fool Australia.

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More reading

• This is the one ASX share I would spend $10,000 on today
• Here’s why I just bought more Soul Pattinson shares
• Own Soul Patts shares? Here’s what to look out for in FY 2023

Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Macquarie Group Limited and TPG Telecom 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 boost your income with some dividend shares, then you might want to consider the two listed below.

Here’s what you need to know about these dividend shares:

Elders Ltd (ASX: ELD)

The first ASX dividend share to look at is Elders. It is an agribusiness company that provides a range of services to rural and regional customers across the Australia/New Zealand region.

Elders has been a very strong performer this year. For example, during the first half of FY 2022, the company reported an 80% increase in first-half EBIT to $132.8 million.

Since then, however, the Elders share price has pulled back materially. The team at Goldman Sachs believes this has created a buying opportunity. Particularly given the long term structural growth opportunities still in front of the company.

Last week Goldman reiterated its conviction buy rating with a $21.00 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $12.00, this implies attractive yields of 4.15% and 4.4%, respectively.

South32 Ltd (ASX: S32)

If you don’t mind investing in the resources sector, then South32 could be an ASX dividend share to buy.

It is a diversified mining and metals company with operations spanning alumina, aluminium, bauxite, copper, energy and metallurgical coal, lead, manganese, nickel, silver, and zinc.

It has been generating bumper free cash flow this year thanks to the strong demand and favourable prices it is experiencing for its products. Pleasingly, this is expected to continue in the coming years and underpin big dividends.

Citi, for example, is forecasting a 38 cents per share dividend in FY 2022 and then a 40 cents per share dividend in FY 2023. Based on the current South32 share price of $3.83, this will mean yields of 10% in both years.

Citi also sees plenty of upside for its shares with its buy rating and $5.50 price target.

The post Brokers name 2 ASX dividend shares to buy with 4%+ yields appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Top broker predicts 50% upside for South32 share price. Here’s why
• Why Goldman is tipping 80% upside for the Elders share price
• 5 things to watch on the ASX 200 on Friday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Elders 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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A couple of weeks ago, The Motley Fool reported on an ASX share that had fallen in price so much that 77% of its valuation was now the cash it holds.

That tip about Touch Ventures Ltd (ASX: TVL), which came from Cyan Investment Management portfolio manager Dean Fergie, attracted tremendous interest from our readers.

“This stock’s gone from a listing price of 40 cents back to, it’s currently trading at, 13 cents,” Fergie told The Motley Fool last month.

“They have, in net cash, 10 cents per share on their balance sheet.”

This week another expert named a different stock in a similar position, which may also pique the interest of keen investors:

‘The lines are big and the pizzas are expensive’

Wilson Asset Management senior analyst Shaun Weick rated entertainment venue operator Event Hospitality and Entertainment Ltd (ASX: EVT) as a current buy.

“This stock does provide strong leverage to the [post-COVID] reopening themes,” he said in a Wilson video.

“They own a collection of cinema assets in Event, hotel assets in QT and Ridges.”

The company also operates the Thredbo ski resort.

“If anyone’s seen images of Thredbo recently, the lines are big and the pizzas are expensive.”

Current share price giving away the business pretty much for free 

As well as increased business from cooped-up Australians coming out of their shells, Weick’s team likes Event shares as a “valuation play”.

“If you back out the implied value of the operating businesses at the moment, you’re paying roughly two to three times EBITDA — for businesses that we think can earn significantly more coming out of COVID.”

But the best feature is that the real estate it owns makes 87% of the current share price.

“They’ve got $2 billion property assets on the balance sheet — current market cap‘s $2.3 billion,” he said.

“We think this one’s a good play in this market.”

Coverage is sparse for Event Hospitality and Entertainment. But three out of four analysts surveyed on CMC Markets currently agree with Weick, rating it as a buy.

The company is due to report its financials on 22 August.

The post Buy this ASX share where 87% of its value is real estate: expert appeared first on The Motley Fool Australia.

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• ‘Extraordinarily cheap’: The ASX share where 77% of its value is cash
• 5 small-cap ASX shares sitting on a pile of cash: experts

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 BHP Group Ltd (ASX: BHP) share price was a positive performer on Friday.

The mining giant’s shares ended the week with a gain of almost 2% to $38.81.

Can the BHP share price keep climbing?

The good news is that this gain could be the start of even greater gains according to analysts at Morgans.

According to a recent note, the broker has retained its add rating and lifted its price target to $48.50. Based on the current BHP share price, this implies potential upside of 25% for investors over the next 12 months.

But it gets better. Morgans expects BHP’s significant free cash flow generation to support some big dividends in the coming years.

It is forecasting fully franked dividends per share of US$2.84 in FY 2022 and US$2.57 in FY 2023. This represents yields of 10.5% and 9.6%, respectively, which brings the total potential 12-month return to approximately 35%.

What did the broker say?

While the broker acknowledges that the next few months carry some level of uncertainty, it remains positive on the outlook of the key commodities BHP produces.

The broker commented:

While the next 2-3 months hold uncertainty, particularly around the rate of growth in key commodity consumer China, we continue to see healthy fundamentals for iron ore, coal and base metals heading into 2023.

In light of this, Morgans feels that the BHP share price is attractively priced at the current level. It explained:

This in leaves BHP’s share price looking attractive at current levels. Supported by an FCF yield of 13%, dividend yield of ~10% fully franked, and trading at a ~30% [now 25%] discount to our target price, we see BHP’s share price as having drifted into attractive value territory. Maintain Add rating with a A$48.50 target price.

The post BHP share price has ‘drifted into attractive value territory’ with 25% upside: broker appeared first on The Motley Fool Australia.

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More reading

• The iron ore price has slumped 10% in 5 days. Here’s how ASX 200 mining shares have responded.
• Which ASX 200 shares will prove to be dividend heavyweights this earnings season?
• Looking to buy BHP shares? Here’s how the miner is gearing up to secure its share of booming EV demand
• Top brokers name 3 ASX shares to buy today
• Broker names 3 of the best ASX shares to buy in August

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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On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week in a positive fashion. The benchmark index rose 0.6% to 7,015.6 points.

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

ASX 200 expected to edge lower

The Australian share market looks set to start the week with a small decline following a mixed night on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 7 points or 0.1% lower this morning. On Wall Street, the Dow Jones was up 0.2%, the S&P 500 fell 0.15%, and the NASDAQ dropped 0.5%.

Oil prices rebound

Energy producers Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a decent start to the week after oil prices pushed higher on Friday. According to Bloomberg, the WTI crude oil price rose 0.5% to US$89.01 a barrel and the Brent crude oil price climbed 0.85% to US$94.92 a barrel. Oil prices rebounded from their lowest levels since February after concerns over supply shortages offset expected declines in fuel demand.

Suncorp results

The Suncorp Group Ltd (ASX: SUN) share price will be on watch on Monday when the insurance giant releases its full year results. According to CommSec, the market is expecting the company to report a net profit after tax of $699 million for FY 2022. This is expected to underpin a full year fully franked 23 cents per share dividend.

Gold price slides

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a poor start to the week after the gold price tumbled on Friday night. According to CNBC, the spot gold price was down 0.8% to US$1,792.40 an ounce. A strong US jobs report eased recession fears and reduced the appeal of the safe haven asset.

Aurizon results

The Aurizon Holdings Ltd (ASX: AZJ) share price will be in focus on Monday when the rail freight operator releases its full year results. The market is expecting the company to report a net profit after tax of $513 million and a full year dividend of 10.9 cents.

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

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More reading

• Is the VAS dividend yield bigger than an ASX 200 index fund?
• What goes up when the share market crashes?
• 5 proven investment strategies you can use to ride out a recession
• Sick of high petrol prices? Then buy this ASX share: analyst
• The iron ore price has slumped 10% in 5 days. Here’s how ASX 200 mining shares have responded.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon Holdings 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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The Telix Pharmaceuticals Ltd (ASX: TLX) share price finished the session on Friday up 0.52% to $7.79. Over the past month, the ASX healthcare share has risen in value by an extraordinary 50.1%.

Contributing to this gain was the investor response to the company’s June quarter report on 21 July.

As my Fool colleague Zach reported, it was the cancer diagnostic and treatment business’s “first commercial quarter”, during which time they launched the Illuccix prostate cancer treatment in the US.

The Telix share price rose by 5.51% on the day of the news.

Fund managers backing Telix share price for growth

Telix treatment technology delivers radiation directly to tumours by putting radiopharmaceuticals into the bloodstream to find and target the cancers.

Illuccix is designed to find prostate cancers in high-risk men before surgery. It is also used to detect prostate-specific antigens (PSAs) in men deemed at risk of the cancer returning after surgery.

According to reporting in the Australian Financial Review (AFR), a bunch of professional fund managers are backing the Telix share price for growth.

They include Antares Capital Broadcap Australian Equities Fund, Platinum Asset Management, Perennial Partners, Fidelity, Acorn Capital, and Wilson Asset Management.

Jefferies, Wilsons, Taylor Collison, and Bell Potter all rate Telix a buy with share price valuations between $8.50 and $10.70.

Maiden profit ahead for Telix

According to the article, Wilsons expects Telix to make a $32.8 million loss in FY23 before a maiden profit of $7.7 million in fiscal 2024.

Healthcare analyst Andrew Hamilton from the Antares Capital Broadcap Australian Equities Fund said:

We still think [Telix] shares have further upside. I think that first [June] quarter of commercial sales in Illuccix show it’s a great product. It entered the market and got very good awareness of PSMA (prostate-specific membrane antigen) imaging. They’ve done a great job on execution, manufacturing, logistics, awareness and the commercial pipeline. For it to all work is a fantastic effort, we expect sales will accelerate.

Platinum Asset Management bought Telix at its initial public offering (IPO) in October 2017. At the time, Telix was selling at a price of 65 cents per share.

Platanium Healthcare analyst Dr Bianca Ogden said:

We’ve always been fans of using imaging as a diagnostic. Because it’s the easiest way to visualise something. We liked the idea when Telix started out to do this properly and consolidate the industry. And we’ve always invested in the targeted radiotherapy industry as a whole.

Is Illuccix approved for prostate cancer therapy in Australia?

Yes — the Therapeutic Goods Administration (TGA) gave commercial approval for Illuccix in November 2021. It’s the first prostate-specific radioactive imaging agent to get approval here.

The Telix share price gained 8.13% on the day of the announcement.

According to the article, Telix has another treatment for prostate cancer. It also has treatments for brain cancer and renal cancer that are in Phase 2 or Phase 3 clinical trial stage.

Hamilton said:

From a valuation perspective the biggest thing in their locker is their prostate cancer therapy drug, TLX 591. That’s just at the start of Phase 3 trials, so it’s obviously a number of years away. But it still has global leadership in an emerging field, so it’s not a one trick pony. It has a deep pipeline, and we think other products coming behind look good.

The Telix share price is down 4.7% in 2022. This compares to an 8.5% dip in the S&P/ASX All Ordinaries Index (ASX: XAO).

The post Up 50% in a month: Why all these fundies predict more greatness for the Telix Pharmaceuticals share price appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Why A2 Milk, Qualitas, Telix, and Ventia shares are pushing higher today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

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 Australian share market is home to a number of companies with strong long term growth potential.

Two that could be particularly well-placed for growth are listed below. Here’s what you need to know about these ASX shares:

Allkem Ltd (ASX: AKE)

The first ASX growth share to look at is lithium miner Allkem. It owns a collection of high-quality assets including Olaroz, Mt Cattlin, and the Sal de Vida brine project.

Thanks to sky high lithium prices, Allkem has delivered significant sales and profit growth in FY 2022. Pleasingly, this looks likely to continue in FY 2023 thanks to ongoing strength in prices, the end of older supply contracts at much lower prices, and increasing production.

And the latter isn’t about to stop any time soon. Management is aiming to triple its production by 2026 and ultimately maintain a 10% share of global supply in the future.

Morgans is very bullish on Allkem. Its analysts have an add rating and $16.72 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share that could be in the buy zone is Domino’s.

It is one of the largest pizza chain operators in the world with almost 900 stores across ANZ region, over 1,300 stores in Europe, and over 1,000 stores in Asia.

But management isn’t stopping there. It has set itself a target of 6,650 stores by 2033, which is over double its current footprint. If Domino’s delivers on this and continues delivering same store sales growth, this will bode well for its growth over the next decade.

And while the company is going through a difficult period at the moment, the team at Citi believe investors should be patient and focus on its long term growth opportunity.

Citi has a buy rating and $92.95 price target on Domino’s shares.

The post 2 excellent ASX growth shares to buy – experts appeared first on The Motley Fool Australia.

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More reading

• Experts name 2 beaten down ASX shares that could be going cheap
• Top brokers say Domino’s share price has loads of extra topping in it, here’s why
• Here are the top 10 ASX 200 shares today
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• Top brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has positions in Allkem 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 recommended Dominos Pizza Enterprises 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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The Vanguard Australian Shares Index ETF (ASX: VAS) has the distinction of being the most popular exchange-traded fund (ETF) on the ASX. It’s also a rather unique ETF in that it remains the only index fund on the ASX boards that tracks the S&P/ASX 300 Index (ASX: XKO).

The ASX 300 is similar to the far more popular and widely-tracked S&P/ASX 200 Index (ASX: XJO). Many ETFs on the ASX track the ASX 200, but only VAS mirrors the ASX 300.

The ASX 200 and ASX 300 both track the 200 largest shares on the ASX by market capitalisation. But the ASX 300 (you guessed it) adds another 100 of the smaller shares on the ASX. Thus, this gives VAS a slightly larger and more diverse underlying portfolio of ASX shares.

Here at the Fool, we’ve looked at how this has given VAS a performance edge over other ASX 200 index funds before. But today, let’s see how the dividends from the Vanguard Australian Shares Index ETF stack up against an ASX 200 ETF.

VAS vs ASX 200 ETFs: Whose dividends are bigger?

So, like most index funds, VAS paid a dividend distribution every quarter. Its last four distributions have totalled approximately $6.26 in dividend distributions per unit. On the current VAS unit price of $87.13, this gives the ETF a trailing dividend distribution yield of 7.18%.

Let’s now compare that trailing yield to a popular ASX 200 index fund in the iShares Core S&P/ASX 200 ETF (ASX: IOZ).

So, like VAS, IOZ also pays out quarterly distributions. Its last four payments amounted to approximately $1.61 per unit. On the iShares ASX 200 ETF’s last unit price of $28.27, this grants the ETF a trailing yield of 5.7%.

So VAS has come out on top in terms of yield over the past 12 months, at least against IOZ. But let’s look at another ASX 200 ETF, just to make sure.

This time, we’ll turn to the SPDR S&P/ASX 200 ETF (ASX: STW), one of the oldest index funds on the ASX. So again, we have four dividend distributions to tally up, which in this case gives us a total of $4.18 in distribution per unit over the past 12 months.

On the current unit price, this gives us a trailing yield of 6.58% on STW’s last pricing.

The differing yields between these various ETFs come down to a number of different factors. But what is clear is that the Vanguard Australian Shares Index ETF certainly comes out on top when assessing dividend income over the past 12 months.

The post Is the VAS dividend yield bigger than an ASX 200 index fund? appeared first on The Motley Fool Australia.

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More reading

• What goes up when the share market crashes?
• 5 proven investment strategies you can use to ride out a recession
• The iron ore price has slumped 10% in 5 days. Here’s how ASX 200 mining shares have responded.
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday

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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