Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

These dividend shares have been rated as buys by brokers and tipped to provide income investors with attractive yields. Here’s what you need to know about them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share to consider is leading baby products retailer, Baby Bunting.

While the retail sector is a tough place to be right now due to supply chain issues and cost of living pressures, Baby Bunting should be less impacted than most. This is due to its leadership position in a less discretionary category which benefits from ~300,000 births a year.

Citi is particularly bullish on Baby Bunting and currently has a buy rating and $6.22 price target on its shares. The broker commented: “[W]e forecast a FY21 to FY24 EPS CAGR of 17%, and see growth being driven by i) rollout, ii) ramp up of new stores, iii) margin expansion and iv) penetrating existing categories with low presence. Further, the stocks growth prospects are in some respects less risky than other high multiple retailers who are relying more on new markets and acquisitions.”

Citi also expects some attractive dividends in the near term. The broker has pencilled in fully franked dividends per share of 16 cents in FY 2022 and 19 cents in FY 2023. Based on the current Baby Bunting share price of $3.97, this will mean yields of 4% and 4.8%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that could be in the buy zone is Dexus Industria.

It is an industrials-focused real estate investment trust (REIT) with a portfolio currently valued at ~$1.8 billion. Management notes that this portfolio has been constructed to provide investors sustainable income and capital growth prospects for security holders over the long term.

Morgans appears confident the company will deliver on this. As a result, it has an add rating and $3.65 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 17.3 cents in FY 2022 and 17.6 cents in FY 2023. Based on the current Dexus Industria share price of $2.74, this will mean yields of 6.3% and 6.4%, respectively.

The post Brokers rate these ASX dividend shares as buys appeared first on The Motley Fool Australia.

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More reading

• 2 excellent ASX dividend shares rated as buys by brokers
• 2 quality ASX dividend shares with 6%+ yields experts rate as buys
• Why I think these 2 ASX shares are ideal for growth investors
• 2 ASX dividend shares that brokers are tipping as buys right now
• 2 high yield ASX dividend shares to buy according to analysts

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 Baby Bunting. 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 Bitcoin (CRYPTO: BTC) price kicked off June trading for US$31,705, give or take a few hundred dollars depending on your time zone. That was also close to the monthly high.

Over the past month the world’s top crypto by market cap traded as high as US$32,249 and as low as US$17,709, according to data from CoinMarketCap.

Valued at US$20,280 last night, the Bitcoin price has lost some 16% over the month.

With the calendar pages ready to be turned on June, what can crypto investors expect in July?

What’s ahead for the Bitcoin price in July?

Aside from stablecoins (and ignoring the recent Terra USD stablecoin meltdown), most every top-100 crypto has come under pressure in recent months.

And so long as the forces behind those pressures remain, any meteoric rise in the Bitcoin price looks dim.

According to eToro’s market analyst and crypto expert Simon Peters:

Crypto markets are very sensitive to US markets, in particular to monetary policy decisions from the Fed to combat rising inflation. The raising of interest rates and rising bond yields have affected US equity valuations and, by extension, crypto markets in recent months.

Potentially aggressive tightening by the US Federal Reserve, which hiked rates by 0.75% earlier in June, has seen the tech-heavy Nasdaq fall 29% this calendar year. If we see another outsized rate hike from the Fed in July, it could put further pressure on the Bitcoin price and risk assets more broadly.

Atop rate concerns, Peters added, “Increasing recession risks, poor earnings and forward guidance from companies could further affect stock market prices. Given the recent correlations, crypto prices could also be affected.”

An eye on the long-term

While crypto investors who bought at higher prices will be feeling some pain, Peters pointed out that the pullback in the Bitcoin price remains well within historic ranges. “Bitcoin saw a pull back of around 84% from its highs in December 2017 to the low in December 2018.”

Bitcoin is currently down just over 70% from its 10 November all-time highs.

For long-term crypto investors, Peters added, “What is critical here is that any long-term investment case made for the crypto asset should remain when the underlying ideas are considered and historic price trends are factored in.”

The post Here’s what will impact the Bitcoin price in July appeared first on The Motley Fool Australia.

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• What did the SEC just say about Bitcoin?
• How crypto miners are squeezing the Bitcoin price
• The Bitcoin price is struggling. When will cryptos see a bottom?
• Why Bitcoin, Ethereum, and Dogecoin are down today
• The ATO is collecting crypto taxes. Here are 5 handy expert tips come tax time

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 Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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 Liontown Resources Limited (ASX: LTR) share price has been a positive performer this week.

Since the end of last week, this ASX lithium developer’s shares have gained a sizeable 15%.

This compares favourably to a decent 1.9% gain by the ASX 200 index.

Can the Liontown share price keep rising?

The good news for investors is that one leading broker believes the Liontown share price can climb materially from current levels.

According to a note out of Bell Potter, its analysts have retained their speculative buy rating with a trimmed price target of $2.87.

Based on the current Liontown share price of $1.12, this implies potential upside of approximately 150% over the next 12 months.

What did the broker say?

Bell Potter notes that Liontown has signed an offtake agreement and also a funding agreement with auto giant Ford, which has paved the way for the company’s board to approve the development of the Kathleen Valley Lithium Project.

LTR has announced a Final Investment Decision (FID) for its flagship hard-rock lithium project in Western Australia’s northern goldfields, Kathleen Valley. The FID coincides with announcing a $300m debt finance facility with Ford Motor Company and a further 150ktpa spodumene (SC6) binding offtake agreement.

And while the capital cost of the project is expected to be higher than previously forecast, Bell Potter believes this increase is still a good outcome in the current environment.

Containing estimated capital cost escalation ($46m) to around 10% of the initial capital estimate is an excellent outcome in the current inflationary environment.

All in all, the broker feels that Liontown is now “in a strong strategic position in a market for lithium facing supply shortages.”

The post Top broker says the Liontown share price can rise 150% appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why Liontown, Metcash, Star, and Weebit Nano shares are charging higher
• 3 ASX All Ords shares dodging selling pressure 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 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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In times of rising interest rates and market turbulence, many investors turn to dividend-paying ASX shares.

The theory is that while capital growth is anaemic, an income stream helps investors endure the tough part of the cycle before it turns.

With this in mind, Shaw and Partners portfolio manager James Gerrish was recently asked if any ASX dividend shares are worth grabbing for cheap during the current sell-off.

ASX shares are the place to be if you want dividends

The Australian market is particularly favourable for income investing. 

This is because of the country’s franking credit rules and the dominance of big banks and mining companies on the ASX. 

While Gerrish’s team likes the banks for dividends, most Australian investors are overweight in that sector.

“So it makes sense to look elsewhere from a diversification perspective,” he said in his Market Matters Q&A.

“The miners are screening well for income, however, their earnings are very cyclical and we are reticent to think of them as consistent income payers – they simply ebb and flow with the economic cycles.”

So if you remove banks and resources from the picture, what’s left?

Four of the best, going for cheap

Gerrish named four ASX dividend shares that are trading at attractive prices after the recent sell-off:

• Metcash Limited (ASX: MTS)
• Stockland Corporation Ltd (ASX: SGP)
• Telstra Corporation Ltd (ASX: TLS)
• Wesfarmers Ltd (ASX: WES)

Supermarket wholesaler and operator of IGA retail network, Metcash, pays out a handy 5% dividend yield. The share price has lost just 3.8% year-to-date.

Real estate developer Stockland has lost almost 16% in value so far in 2022 but does give out a handsome 7.17% yield.

“We see a lot of value in property stocks after recent weakness,” said Gerrish.

“We also like Centuria Capital Group (ASX: CNI) and National Storage REIT (ASX: NSR), to name a few.”

Old income investor favourite Telstra is currently paying out a 2.8% yield. The share price has dropped 8% year-to-date though.

Shares for conglomerate Wesfarmers have plunged a painful 29.4% so far this year, but its shareholders do reap a 4% dividend yield.

Gerrish left investors seeking income with one final piece of advice.

“Importantly, look for companies with some growth over time so that dividends will increase at a greater clip than inflation.”

The post 4 ASX dividend shares to buy that aren’t banks or miners: expert appeared first on The Motley Fool Australia.

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More reading

• Here are 2 top ASX 200 dividend shares to buy right now according to experts
• Here are the top 10 ASX shares today
• What are brokers saying about the Telstra share price?
• This is the latest ASX 200 sector to be hit by downgrades
• Why Liontown, Metcash, Star, and Weebit Nano shares are charging higher

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 positions in and has recommended 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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Datt Capital principal Emanuel Datt gives his thoughts on some ASX shares that have caused much pain for investors this year.

Cut or keep?

The Motley Fool: Now we’ll take a look at three ASX shares that have been ravaged this year. First one is Selfwealth Ltd (ASX: SWF), which halved this year before the recent rebound. What would you do with it?

Emanuel Datt: I would say keep. The reason being that, despite the fall in the share price, the company has experienced significant business growth. I think it’s probably doubled in size over the last 12 months. 

We view the share price performance as being more of a function of basically the outflows or the rotation away from these tech and growth themes, more than anything. 

[With] interest rates that are projected to rise going forward, Selfwealth actually has significant leverage to this theme and really benefits from higher interest rates. The reason being is that Selfwealth is actually paid a margin from customers’ funds that are held on its platform. 

Basically, they received the RBA cash rate plus 80 basis points, and I think last quarter they had about $700 million in customer funds on the platform itself. There’s quite significant leverage within the business model to increasing interest rates. 

I think that [there’s] also a cyclical move in terms of retail traders on the stock market. 

It’s probably one that will find its way higher than where we see ourselves now.

MF: Next one has been in the headlines recently — Humm Group Ltd (ASX: HUM), which has halved year-to-date.

ED: Yeah, Humm Group. Look, for this, I would probably say sell. Why I say that is that I think every consumer lending or consumer finance company we’ve seen has experienced decreasing headwinds. I think Humm themselves more or less were trying to hedge that angle as a rationale to [get] the transaction with Latitude Group Holdings Ltd (ASX: LFS) over the line, but ultimately the deal was cancelled.

However, I think that this was probably detrimental to the company overall. Because, ultimately, the expected credit losses will be sitting on Humm Group’s balance sheet basically, rather than being incorporated into Latitude’s business which was a far greater scale. 

Another thing worth mentioning is the fact that the whole board, except the major shareholder, have resigned or indicated that they are going to resign. I think this leads us to, or raises, questions about the governance of the company itself and we’ve seen there the past six months or so, the entire board has been fairly united against the single major shareholder who was against the transaction.

I think that ultimately… if you’re a minority shareholder in the company, ultimately these other directors actually represent your interest, and if they suddenly step off, then who’s there to protect your interests against a majority shareholder who may have other motives? 

I guess that’s why we would say it’s a sell, at least until the dust settles a little bit and the company can provide a bit more clarity about its outlook.

MF: There’s a lot going on there, isn’t there?

ED: Absolutely. It’s a big mix but I think the share price has reacted accordingly. I think the whole Latitude [deal] helped the company out over the last three months and now it’s reverting back to being in line with all the other consumer financiers out there.

MF: The third one is one that is deep, deep in the red in my own portfolio — Appen Ltd (ASX: APX).

ED: Appen, I would probably call that a sell, as well. I think there’s no doubt that there is some value at Appen, in terms of the assets. 

I think it was Telus International Cda Inc (TSE: TIXT) that was contemplating making some form of expression of interest. But also we have Blackstone Inc (NYSE: BX) that was rumoured to be running the ruler over the business itself. 

Ultimately, I think the segment which Appen operates within, I think there is definitely still a future in it. But I think it’s all about being able to profitably renew contracts with its major customers. We just get the sense that there’s been a lot more competition in the particular sector.

Telus was also a competitor [in] exactly the same sector, as well. But, ultimately, in the update that Appen put out, they did guide towards materially lower EBITDA. It raises questions for us because, ultimately, if revenues have fallen, that increases the probability of potentially writing down assets and making a big after-tax loss, which the market will definitely not like. 

Then again, we would probably say sell just with the assumption that there’s no other buyers lurking out there which there very well could be, given the interest the company has attracted in the recent past.

The post Bargains or value traps? Expert rates 3 ASX shares that halved this year appeared first on The Motley Fool Australia.

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• Why are ASX tech shares struggling today?
• Why Appen, BWX, Imugene, and Wesfarmers shares are dropping
• Down 7%, what’s impacting the Appen share price today?
• Why ASX 200 tech shares are outperforming the market on Friday
• Humm share price tumbles 4% as majority of board exits

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen Ltd and The Blackstone Group Inc. The Motley Fool Australia has recommended Humm 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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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped deep into the red. The benchmark index fell 0.95% to 6,700.2 points.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to edge lower

The Australian share market is expected to edge lower on Thursday following a subdued night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 3 points lower this morning. On Wall Street, the Dow Jones was up 0.3%, the S&P 500 fell 0.1%, and the Nasdaq edged 0.05% lower.

Liontown rated as a buy

In response to its agreements with auto giant Ford, Bell Potter has retained its speculative buy rating with a $2.87 price target on the Liontown Resources Limited (ASX: LTR) share price. And while the broker notes that the company has lifted its capital cost estimate for the Kathleen Valley Lithium Project, it feels a 10% increase is an excellent outcome in the current inflationary environment.

Oil prices fall

It could be a tough day for energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices fell overnight. According to Bloomberg, the WTI crude oil price is down 2.1% to US$109.37 a barrel and the Brent crude oil price is down 2.4% to US$115.20 a barrel. This was driven by fears that a recession could lessen demand for oil.

Gold price edges lower

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.05% to US$1,820.2 an ounce. Traders appear undecided about which way gold is heading amid both rate hike and recession fears.

Iluka a strong buy

The Iluka Resources Limited (ASX: ILU) share price could be great value according to Goldman Sachs. This morning the broker reiterated its conviction buy rating and $13.80 price target. The broker commented: “We have done a series of calls with key Chinese zircon importers, major producers and experts/price assessors, and now expect a further US$125-180/t increase in ILU’s zircon pricing from 1 July on a tight supply outlook.”

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

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• Volt gets packing as ASX 200 bank shares prove to be a formidable force
• Here are the top 10 ASX shares today
• This is the latest ASX 200 sector to be hit by downgrades
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why Liontown, Metcash, Star, and Weebit Nano shares are charging higher

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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If you’re looking to boost your income with some dividend shares, then the two listed below could be worth considering.

Analysts have recently named these ASX 200 dividend giants as buys. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share that could be in the buy zone is BHP.

Thanks to its world class operations and favourable commodity prices, the Big Australian has been generating significant free cash flow again. And with this trend expected to continue, this could bode well for dividend payments in the coming years.

In fact, Goldman Sachs is forecasting fully franked dividends per share of US$3.50 in FY 2022 and then ~US$2.65 in FY 2023. Based on the current BHP share price of $42.76 and current exchange rates, this implies yields of 11.9% and 9%, respectively.

Goldman Sachs also sees plenty of value in the BHP share price at currently levels. Earlier this week the broker resumed coverage on its shares with a buy rating and $49.40 price target.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 share that could be in the buy zone is this telco giant.

It could be a top option due to its attractive valuation, strong free cash flow generation, and improving outlook. In respect to the latter, Telstra’s new T25 strategy has been designed to underpin solid earnings growth in the coming years. This could bode well for dividend payments.

For now, the team at Morgans is forecasting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.89, this will mean yields of 4.1%.

Morgans also sees decent upside for Telstra’s shares. It has an add rating and $4.56 price target on its shares.

The post Here are 2 top ASX 200 dividend shares to buy right now according to experts appeared first on The Motley Fool Australia.

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• What are brokers saying about the Telstra share price?
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• Optus plea to ACCC doing little to these ASX 200 telco shares today
• Why the BHP share price looks poised for a short-term boost: expert

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra 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 Australian share market is home to a number of companies growing at a strong rate.

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

Allkem Ltd (ASX: AKE)

The first growth share to look at is lithium giant 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 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.

Macquarie is bullish and has an outperform rating and $17.00 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share to look at is this pizza chain operator. Domino’s has been growing at a consistently solid rate for well over a decade. This is thanks to the popularity of its offering and the expansion of its footprint. And despite its store network reaching approximately 3,000 stores, management isn’t settling for that. It sees scope to more than double this over the next decade in existing markets.

Earlier this month, Citi retained its buy rating and $100.95 price target on the company’s shares.

IDP Education Ltd (ASX: IEL)

A final ASX growth share to look at is this provider of international student placement services and English language testing services. After a tough time during the pandemic, IDP has bounced back strongly in FY 2022. And pleasingly, the team at Goldman Sachs expect this trend to continue. Its analysts are forecasting a “68% 3yr EPS CAGR (FY21-FY24E).”

Goldman has a buy rating and $35.50 price target on the company’s shares.

The post 3 excellent ASX growth shares that analysts are excited about appeared first on The Motley Fool Australia.

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More reading

• After the sell-off, experts think these 2 lithium ASX stocks are great buys
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• Here are the top 10 ASX shares today
• Leading brokers name 3 ASX shares to buy today
• Why these fundies say the Allkem share price is ‘absolutely a buy’

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education Pty Ltd. 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 Silver Lake Resources Limited (ASX: SLR) share price plunged more than 8% today.

The company’s shares dropped 8.15% to trade at $1.24. For perspective, the S&P/ASX 200 Index (ASX: XJO) descended 0.94% today.

So what’s going on with the Silver Lake share price?

Why did the Silver Lake share price fall?

Silver Lake shares fell today, but it was not alone in the materials sector. The S&P/ASX 200 Materials Index (ASX: XMJ) descended 1.47% today on the ASX.

Despite the name, Silver Lake is a gold and copper producer intent on cash flow generation from two projects in Western Australia. These include the Deflector and Mount Monger projects.

The company’s share price appears to be falling amid falling gold and copper prices.

The Evolution Mining Ltd (ASX: EVN) share price descended 6.98% today, while the Northern Star Resources Ltd (ASX: NST) lost 5.64%.

Gold prices have descended to close to their lowest levels in two weeks, trading economics data shows.

The gold price is currently down 0.17% to US$1816.7 per ounce. The gold price is under pressure amid the high US dollar, IG reports.

Meanwhile, copper prices have also descended 1.25% to US$3.7245 per pound due to recession fears.

Silverlake produced 53,822 ounces of gold and 262 tonnes of copper in the March quarter. In the year to date, the company has achieved production of 182,778 ounces of gold and 756 tonnes of copper.

Silverlake share price snapshot

The Silverlake share price has fallen nearly 28% in the past year, while it has dived 30% year to date.

For perspective, the benchmark ASX 200 index has lost about 8% in a year.

Silverlake has a market capitalisation of about $1.16 billion based on the current share price.

The post What’s behind the 8% fall in the Silver Lake Resources share price? appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Federal Court has ordered Origin Energy Ltd (ASX: ORG) and its related entities to pay $17 million for failing to comply with its obligation to protect customers experiencing hardship and payment difficulties.

Amid the news, Origin shares pushed away from selling pressure midway through Wednesday’s session to close flat at $5.93 apiece.

In broader market moves, the S&P/ASX 200 Energy Index (ASX: XEJ) finished 0.13% higher today while the S&P/ASX 200 Index (ASX: XJO) closed 0.94% lower.

Let’s take a look at the news surrounding the energy company today.

Origin penalised for customer hardship breaches

Origin faced legal proceedings brought by the Australian Energy Regulator (AER). It alleged Origin’s automation processes had breached its financial hardship obligations.

The AER took action after Energy Ombudsman schemes from numerous states brought the company’s conduct to the regulator’s attention.

Origin was found to have breached its own hardship policies and retail rules after a review of its automated processes used to handle such accounts.

Notably, Origin displayed a lack of consideration in understanding customers’ “capacity to pay” when making changes to their accounts and payment plans.

Origin admitted it had breached these obligations on more than 100,000 occasions over almost four years from January 2018 to October 2021, the court found.

More than 90,000 customers across New South Wales, the ACT, Queensland, and South Australia were affected, the court ruled.

The penalty is the largest ever imposed for breaches of National Energy Retail Law and Rules.

AER chair Clare Savage was satisfied with the decision and said it highlighted Origin’s misconduct.

She said that applying automated processes across thousands of customers without considering whether they could actually pay “shows a complete disregard of the hardship obligations in the national energy laws”.

Savage said:

This record $17 million penalty reflects the seriousness of the breaches by Origin and should send a strong deterrence message to all energy retailers that they must maintain and implement their hardship policies in accordance with the law, to protect customers experiencing financial distress.

Origin share price snapshot

In the last 12 months, the Origin share price has clipped a 28% gain, gaining 13% this year to date.

The company has a market capitalisation of around $10.2 billion.

The post Origin share price shrugs off record $17 million fine from Federal Court appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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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