The Tesla Inc (NASDAQ: TSLA) share price has had a stellar run in the past couple of weeks.

Tesla shares have soared 18% from $628.16 at the market close on 24 May to the current price of $740.37.

Let’s take a look at what’s happening.

Strong interest from retail investors

Tesla shares have been surging amid strong interest from retail investors, the Australian Financial Review (AFR) reports.

Tesla is a world-leading electric vehicle (EV) maker based in Austin, Texas and is led by CEO Elon Musk.

Vanda Research analyst Fabian Birli says there has been a “clear uptake in retail sentiment” since the start of the month.

Birli said:

In May, we’ve seen the strongest monthly buying of Tesla shares by retail investors since August 2020, when the company announced its first stock split.

A boost in production could be impacting the Tesla share price. In late May, Tesla revealed it will restart production at its Shanghai gigafactory. Tesla is looking to get production capacity back to 2,600 EVs per day.

Further, American investor Cathie Wood bought 42,000 shares of Tesla in late May, as my Foolish colleague in the US reported.

In news today, Musk has demanded staff return to work in the office or depart Tesla, Bloomberg reports. Musk informed workers they must spend at least 40 hours at the office each week. This must be at the main Tesla office, not a remote branch office.

Musk said:

If you don’t show up, we will assume you have resigned. The more senior you are, the more visible must be your presence.

On 14 April, Musk launched a plan to take over Twitter. The Twitter board of directors accepted a buyout offer of US$44 billion on 25 April, although it is still pending regulatory and shareholder approval.

Tesla share price snapshot

The Tesla share price has soared 22% in the past 12 months but has fallen 38% year to date.

For comparison, the NASDAQ 100 Index has shed 9.4% in a year, and lost 24% year to date.

Tesla has a market capitalisation of about $767 billion based on the current share price.

The post The Tesla share price has rallied 18% in less than a fortnight. What’s going on? appeared first on The Motley Fool Australia.

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• Why Tesla stock keeps going up
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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 volatility in ASX lithium shares continued for a second day following their big plunge on Wednesday.

The Pilbara Minerals Ltd (ASX: PLS) share price and Allkem Ltd (ASX: AKE) share price flip flopped between gains and losses as other brokers weighed in on the sector.

Yesterday’s huge sell-off was triggered by Goldman Sachs, which warned that the lithium boom was over.

Less panic in ASX lithium share prices

But comments from other brokers may have helped temper the panic. Credit Suisse is not exactly a lithium bull as it changed its mind about the lithium market being in deficit over the coming years.

It now sees a more balanced lithium market in 2023 and 2024 with the chance of surplus supply from 2025.

That’s not normally good news, but it sounds bullish after Goldman’s prediction that lithium prices will crash to US$16,372 a tonne in 2023. The lithium spot price is currently standing at around US$50,000 a tonne.

When a downgrade feels like an upgrade

In contrast, Credit Suisse downgraded its 2023 spot lithium carbonate forecasts by “only” 12%. This is mainly due to a faster than expected supply response due to high commodity prices and slowing demand.

This sombre outlook prompted Credit Suisse to encourage investors to take profit on the Pilbara Minerals and Allkem share prices. In fact, the broker downgraded both shares to “neutral”.

Are the Allkem share price and Pilbara Minerals share price cheap?

The silver lining is that the brokers’ lowered price targets on both ASX lithium shares are higher than where they are currently. The 12-month price target on Pilbara Minerals is $3 a share and Allkem is $14.70 a share.

But the broker admits it could be too conservative on its lithium outlook if electric vehicle (EV) sales were to be stronger than anticipated. Credit Suisse said:

A 10% higher EV penetration would see 30-60kt supply deficits remain in 2023-24, sustaining price strength longer than our base case (implying global EV penetration of 26% vs base case 24% in 2025).

We revise up long term prices to account for cost inflation in our LT incentive price models.

EV sales boom not over

Coincidentally, Macquarie noted that sales of light EVs were up 65% year-on-year from January to April 2022. In contrast, traditional light combustion engine vehicles fell 11% during the period.

Macquarie commented:

There are growing signs of a major correction in prices for lithium, nickel and cobalt after the boom of the past year, reflecting mainly China slowdown.

For cobalt and lithium, this could be temporary once China bounces back while nickel prices could continue to fall due to rising Indonesian supply.

Further support for ASX lithium share prices

Meanwhile, some believe that Argentine customs’ decision to set a reference price for lithium exports also contributed to yesterday’s dramatic falls. But Citigroup doesn’t believe this is much of a threat.

The reference price of US$53,000 at tonne4 for lithium carbonate does not set a floor or a ceiling price for the commodity. It’s used only in instances where there is a large variance in contract pricing for exports.

While Citi is also expecting prices to ease in the coming years, its analysts are not painting as grim a picture as Goldman.

Citi is forecasting the lithium price to average around US$35,000 a tonne through to 2025. The broker added:

We remain positive on the lithium sector given this is still an extremely high price relative to miners production costs, especially compared to other markets, and historical prices.

The post Aside from Goldman Sachs, what are other brokers saying about ASX lithium shares? appeared first on The Motley Fool Australia.

More reading

• What’s dragging on ASX 200 bank shares like NAB on Thursday?
• Which ASX lithium shares are rebounding on Thursday, and which are not?
• ASX 200 midday update: Pilbara Minerals names new CEO, Wesfarmers’ strategy update
• Is the Allkem share price selloff a buying opportunity?
• Is this the real reason ASX lithium shares cratered on Wednesday?

Motley Fool contributor Brendon Lau has positions in Allkem Limited and Macquarie 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 recommended Macquarie Group 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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There were a few leading S&P/ASX 300 Index (ASX: XKO) shares that hit 52-week lows today.

That means they reached the lowest price they have traded at over the past 12 months.

There has been a lot of market volatility over the past few months. Many ASX tech shares have sunk in 2022. But non-tech shares have also taken a hit as investors weigh up the impacts of inflation and interest rate hikes.

Here are three that hit 52-week lows today.

ARB Corporation Limited (ASX: ARB)

ARB claims to be Australia’s largest manufacturer and distributor of 4×4 accessories.

The ARB share price fell by more than 3.3% today. It hit a low of $30.14 before recovering to finish the session at $30.61.

Since the beginning of the year, the ARB share price has fallen by about 44%.

However, the company said last month that it maintains a positive outlook for a few different reasons.

Firstly, its customer order book remains consistently high, it has increased inventory levels to buffer against extended lead times, and the impact of new models (including the Toyota LandCruiser Series and the new Ford Ranger) are yet to flow through. It also has emerging partnerships with major customers and “exciting” new products in development.

The board and management are focused on mitigating key challenges for the business relating to the supply chain, costs, and labour.

However, the company believes that ARB is well-positioned to achieve long-term success with “strong” brands around the world.

Brickworks Limited (ASX: BKW)

Brickworks is one of the leading building products businesses in Australia.

It is the biggest brickmaker in Australia, with brands like Austral Bricks, Bowral Bricks and Nubrik. In roofing, it operates the Bristle Roofing business. Other businesses it is involved with include Southern Cross Cement, GB Masonry, UrbanStone, and Capital Battens.

While some of its earnings are generated by selling building products in Australia, it also has a brickmaking division in the US, an investments segment, and an industrial property segment.

Brickworks is expecting to report property development profits within the property trust in the coming reporting periods as it completes construction of some large warehouses for Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW), and other businesses looking for large logistics properties.

The Brickworks share price fell by 2.12% today to close at $19.87. It’s now down almost 20% in 2022. It hit a 52-week low of $19.68 today.

Adairs Ltd (ASX: ADH)

Adairs is an expanding ASX 300 company that sells furniture and homewares.

Adairs is just one of the brands that the company operates. The business also owns Mocka, and Focus on Furniture.

The business saw disruption from store closures in the first half of FY22. Over the longer term, Adairs is looking to grow its store floor area, increase the number of Focus on Furniture stores, grow online sales, and increase its membership base.

The Adairs share price lost 2.69% today to finish the session at $2.17. That means it has now fallen by more than 46% in 2022.

The post 3 high-quality ASX 300 shares trading at 52-week lows today appeared first on The Motley Fool Australia.

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• 3 key reasons why I think the Adairs share price is a buy
• 3 ASX shares I’m telling my clients to buy: advisor
• Could now be a great time to start investing in ASX shares?

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 ADAIRS FPO and Brickworks. The Motley Fool Australia has positions in and has recommended ADAIRS FPO, Brickworks, and COLESGROUP DEF SET. The Motley Fool Australia has recommended ARB Corporation 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 Woolworths Group Ltd (ASX: WOW) share price was one of its sector’s worst performers on Thursday. That’s despite no word having been released by the company.

As of Thursday’s close, the Woolworths share price is $34.63, 1.54% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) also struggled today, sliding 0.80%.

So, what’s likely weighing on the supermarket giant’s stock today? Let’s take a look.

What’s dragging on the Woolworths share price?

Woolworths’ stock was in the red today, as were many of its S&P/ASX 200 Consumer Staples Index (ASX: XSJ) peers.

The sector slumped 1.09% lower on Thursday, handing back much of its gains for the week so far.

Sadly for Woolies investors, the supermarket operator was the sector’s third worst performer on Thursday.

Though, it outperformed the share prices of Blackmores Limited (ASX: BKL) and United Malt Group Ltd (ASX: UMG). They fell 3.76% and 2.63% respectively today.

The drop came after the Woolworths share price hit its lowest point since early March – $30.09 – last week. At today’s intraday low – $34.35 – it was back within 1% of the three-month low.

That’s despite no news having been released by the company since it proposed to acquire 80% of online marketplace operator MyDeal.com.au Ltd (ASX: MYD).

Interestingly, the supermarket giant’s major competitor Coles Group Ltd (ASX: COL) was among the consumer staples sector’s top performers on Thursday. It slumped just 0.45%.

Unfortunately the Woolworths share price hasn’t been performing any better over the longer term. It’s been underperforming the broader market for most of this year.

It’s currently 9% lower than it was at the start of 2022. Meanwhile, the ASX 200 has slipped 4%.

The stock has also tumbled 7% over the last 12 months compared to the index’s around 0.6% dip.

The post Why did the Woolworths share price underperform on Thursday? appeared first on The Motley Fool Australia.

More reading

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• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Blackmores 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 Bank of Queensland Limited (ASX: BOQ) share price continued on its downwards trajectory in May.

This comes despite the company keeping a relatively low profile on the news front in recent times.

The regional bank’s shares dropped by about 7% in May. They finished today’s session down 1.06% at $7.48.

In comparison, the S&P/ASX 200 Index (ASX: XJO) also ended May in the red, shedding 3% over the same time frame. The benchmark index finished today’s session 0.8% lower at 7,175 points.

Let’s take a look at what might have weighed on Bank of Queensland shares lately.

What happened to Bank of Queensland shares in May?

The Bank of Queensland share price finished lower than it started last month, dragged down by negative investor sentiment.

Throughout May, the company did not release any price-sensitive market announcements. On 16 May, it provided a letter to shareholders from the CEO. The letter discussed some key elements of the bank’s progress following the release of the company’s half-year results on 14 April.

However, broader market weakness coupled with a global economic slowdown put pressure on investor confidence.

This led Bank of Queensland shares to fall across the month. In particular, the stock shed value over seven consecutive business days from 4 May to 12 May.

Most notably, the company’s share price fell to a 52-week low of $7.31 on 13 May before rebounding 2.3% higher.

It remains to be seen if Bank of Queensland shares can regain composure after such a volatile month.

Bank of Queensland share price summary

Over the past 12 months, the Bank of Queensland share price has predominately moved in circles, recording a loss of 16%. It has failed to gain any traction year-to-date and is down 10% for the period.

On valuation grounds, Bank of Queensland commands a market capitalisation of roughly $4.89 billion.

The post Why did the Bank of Queensland share price fall 7% in May? appeared first on The Motley Fool Australia.

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• Could Bank of Queensland shares deliver 46% upside AND a 4.5% dividend yield in 2022?

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 Coles Group Ltd (ASX: COL) share price was out of form on Thursday.

The supermarket operator’s shares ended the day 0.5% lower at $17.72.

Where next for the Coles share price?

According to a recent note out of Citi, its analysts believe the Coles share price is heading higher from here.

Its analysts currently have a buy rating and $19.30 price target on the supermarket giant’s shares. Based on the current Coles share price, this implies potential upside of 9% for investors.

But it gets better. Citi is expecting Coles to pay fully franked dividends per share of 63 cents in FY 2022 and 72 cents in FY 2023. These equate to yields of 3.6% and 4.1%, respectively.

What did the broker say?

Citi was pleased with Coles performance during the third-quarter and notes that there has yet to be any sign of customers trading down or buying less because of inflation.

In light of this, it feels the risk will be to the upside for estimates if this trend continues.

Citi explained:

Coles provided its 3Q22 trading update with sales in line with our expectations. There were no observable signs of trading down or lower volumes in response to higher food inflation. We see upside risk to our forecasts if the volume response is muted.

A normalisation of availability, local shopping trends and online penetration should benefit Coles from both a sales and margin perspective. We cut our earnings forecast by ~3% in FY22e to account for costs related to COVID and the floods but make no changes to future periods. We remain Buy rated with a $19.30 target price.

The post Where next for the Coles share price? appeared first on The Motley Fool Australia.

More reading

• 2 inflation-beating ASX 200 dividend shares experts rate as buys this month
• UBS warns of more downgrades for ASX 200 shares… but not all
• Why is the Coles share price lagging the ASX 200 on Friday?
• Fundie reveals 3 ASX 200 shares with major pricing power to counter inflation
• How do ASX shares typically perform following a demerger?

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 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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The Weebit Nano Ltd (ASX: WBT) share price is powering ahead during late Thursday afternoon trade.

At the time of writing, the Weebit Nano share price is up 6.86% to $2.65.

Let’s take a look at Weebit does and see why its shares defied the ASX market to lift off today.

What does Weebit Nano do?

Weebit Nano develops next generation computer memory technology.

The Israeli company addresses the growing need for data storage through its Resistive Random-Access-Memory (ReRAM) technology. Weebit states that ReRAM is over 1000 faster and uses 1000 times less power than traditional storage options like flash.

What’s driving Weebit shares higher?

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

However, it is worth noting that the company’s shares fell almost 10% over the last two consecutive days.

It appears that bargain hunters are swooping in to take advantage of the recent share price weakness.

The S&P/ASX All Technology (ASX: XTX) sector has been slammed since the beginning of this year, down 31%.

In contrast, the past two days alone has seen the tech index shed 3.09% following negative investor sentiment.

This is being blamed on inflationary movements, geopolitical tensions and concerns surrounding a global economic slowdown.

Even the word “recession” has been a hot talking point over the last week.

About the Weebit share price

The Weebit Nano share price has accelerated over the past 12 months, reflecting a gain of almost 40%.

The company’s shares reached a 52-week high of $4.48 in February after providing investors with its activities update for Q2 FY22.

Based on today’s price, Weebit has a market capitalisation of approximately $470.39 million.

The post Weebit Nano share price rockets 7% today. Here’s why. appeared first on The Motley Fool Australia.

More reading

• 3 ASX All Ordinaries shares defying the sell-off to surge higher
• Why these 2 ASX All Ordinaries shares are surging more than 20% today
• Why is the Weebit Nano share price rocketing 23% higher?

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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ASX energy shares are doing much of the heavy lifting today.

While the S&P/ASX 200 Index (ASX: XJO) is down 0.9% in afternoon trading the S&P/ASX 200 Energy Index (ASX: XEJ) is up 2.3%.

And we’re seeing three ASX energy shares notching up new one-year highs today.

Which ASX energy shares are trading at one-year highs?

The Beach Energy Ltd (ASX: BPT) share price is up $3.02% to $1.78 at time of writing, surpassing the $1.77 it was trading for on 7 March. With today’s intraday gains factored in, Beach Energy shares are up 36% so far in 2022.

At the current share price, Beach Energy has a market cap of $4.1 billion.

Also hitting one-year highs today is ASX energy share MMA Offshore Ltd (ASX: MRM). The MMA share price is up 5.5% to 67 cents, taking out the 64 cents per share mark set on 28 March. That puts the MMA share price up a blistering 85% year-to-date.

At the current price, the oil and gas explorer has a market cap of $239 million.

And the third energy stock hitting one-year highs in intraday trading today is Horizon Oil Ltd (ASX: HZN), up 3.3% to 16 cents. At time of writing this matches its 27 May one-year highs after the share price retraced some in late afternoon trading.

The Horizon Oil share price is now up an impressive 82% in 2022, giving the company a market cap of $245 million.

What’s driving ASX investor interest?

Investors have been buying ASX energy shares on the back of soaring energy prices.

Coal, crude oil and gas have all reached multi-year or even all-time highs this year.

While Brent crude oil slipped 1.8% overnight to US$114 per barrel, Brent crude kicked off 2022 trading for US$78 per barrel.

And some market veterans, including JPMorgan Chase CEO Jamie Dimon, believe oil will head higher from here and stay elevated for years to come.

Speaking at the Autonomous Research financial services conference yesterday (overnight Aussie time), Dimon cautioned that Russia’s war in Ukraine could see crude oil trading in the US$150 to US$175 per barrel range.

According to Dimon (quoted by The Australian Financial Review):

We’re not taking the proper actions to protect Europe from what’s going to happen in oil in the short run. And we’re not taking the proper actions to protect you all from what’s going to happen to oil in the next five years, which means it almost has to go up in price.

If crude oil does head to US$175 per barrel, it will take a big bite out of consumers’ pockets while offering some strong tailwinds to ASX energy shares.

The post 3 ASX energy shares rocking new 52-week highs on Thursday appeared first on The Motley Fool Australia.

More reading

• The Beach Energy share price zipped higher in May. Here’s why
• 5 things to watch on the ASX 200 on Wednesday
• Here are the 3 most traded ASX 200 shares on Tuesday
• Why Argosy, Arafura, Beach, and De Grey Mining shares are rising
• Why is the Beach Energy share price having such a cracking Tuesday?

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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Thursday is a rough day to be an ASX investor. The benchmark index – the All Ordinaries Index (ASX: XAO) – is currently 1.06% lower, tumbling for the second day in a row, but some shares are bucking the trend.

Today’s slump sees the index lower than where it ended last week and 6.7% lower than it was at the start of the year.

But not all ASX All Ordinaries shares are struggling on Thursday. Let’s take a look at what’s causing these three to outperform.

These ASX All Ordinaries shares are in the green on Thursday

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is defying the All Ordinaries sell off to post an 11.21% gain today. Right now, the company’s stock is swapping hands for 32 cents apiece.

The oil and gas company’s gain comes on the back of multi-rate test results from its South Erregulla gas discovery.

Strike CEO and managing director Stuart Nicholls commented on the results, saying:

This excellent flow testing provides additional confidence that the Kingia gas discovery at South Erregulla is a large, productive source of low-cost, low impurity natural gas, and that it can form the foundation of Project Haber’s globally competitive nitrogen-based urea fertiliser.

Weebit Nano Ltd (ASX: WBT)

The gains exhibited by fellow ASX All Ordinaries share Weebit Nano are harder to explain. Right now, the company’s share price is $2.65, 6.85% higher than its previous close.

There’s been no news from the semiconductor developer to explain its surge. However, it’s worth noting its stock rocketed 7% on Monday before tumbling 9% over the course of Tuesday and Wednesday.

Tabcorp Holdings Limited (ASX: TAH)

Finally, the Tabcorp share price in the green for the first time this week, gaining 4.64% to trade at 95 cents.

Last week, the company split in two with its lottery and Keno business demerging to become ASX-listed The Lottery Corporation Limited (ASX: TLC).

Today, the new company’s shares are trading on a normal settlement basis for the first time after the scheme was officially implemented yesterday.

The post 3 ASX All Ordinaries shares defying the sell-off to surge higher appeared first on The Motley Fool Australia.

More reading

• Weebit Nano share price rockets 7% today. Here’s why.
• Here’s why the Strike Energy share price is zipping 10% higher today
• Why Bubs, IGO, Strike Energy, and Woodside shares are pushing higher
• These were the worst performing ASX 200 shares in May
• What’s dragging on the Tabcorp share price today?

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

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If you’re looking for dividend shares to buy then you may want to look at the ones below that brokers are recommending.

Here’s what the brokers are saying about these ASX dividend shares:

BHP Group Ltd (ASX: BHP)

The first ASX dividend share to look at is BHP. It is of course one of the world’s largest mining companies.

It could be a top option for income investors thanks to its world class operations across a number of commodities and the huge free cash flow they are generating. This strong cash flow provides the Big Australian with the opportunity to reward shareholders with big dividends and consider M&A activities.

Analysts at Goldman Sachs are positive on the company and have just slapped a buy rating and $51.20 price target on its shares. The broker likes BHP due to its “attractive valuation & FCF, and upside from ~US$20bn Copper growth pipeline.”

In addition, the broker is forecasting fully franked dividend yields of 11% in FY 2022 and 8.9% in FY 2023.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share that could be a buy is banking giant NAB. It could be a top option thanks to its strong position in business banking and the acquisitions of digital bank 86 400 and Citigroup’s Australian consumer business.

The latter are expected to help NAB achieve scale in digital and consumer banking offerings.

The team at Macquarie is positive on NAB and has an outperform rating and $34.00 price target on the company’s shares. Macquarie likes the bank due to its strong balance sheet position and leverage to higher rates.

As for dividends, the broker is forecasting fully franked dividends per share of $1.46 in FY 2022 and $1.50 in FY 2023. Based on the current NAB share price of $31.24, this equates to yields of 4.7% and 4.8%, respectively.

The post 2 top ASX dividend shares to buy according to analysts appeared first on The Motley Fool Australia.

More reading

• What’s dragging on ASX 200 bank shares like NAB on Thursday?
• Top broker names 2 of the best ASX shares to buy in June
• Why is the ‘new’ Woodside share price leaping 6% today?
• Top broker tips BHP share price to jump 12%
• Cashed up with massive dividends: Advisor reveals ASX share to hold for 4 years

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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