The New Hope Corporation Limited (ASX: NHC) share price has continued to zoom upwards since announcing its half year results in late March.

The coal miner delivered triple digit earnings growth whilst bumping up its interim dividend for shareholders.

At the time of writing, New Hope shares are swapping hands for $3.79, up 2.16%. This means they have gained around 29% from 22 March when the company released its financial scorecard to the ASX.

What are the details of the New Hope dividend?

In the half year report for the 2022 financial year, New Hope reported strong performance across key metrics.

In summary, total revenue surged by 153% to $1,025 million in H1 FY22. This was notably driven by disciplined cost controls and the significant increase in realised coal prices during the six months.

On the bottom line, New Hope achieved a net profit after tax (NPAT) of $330.4 million. A stark contrast from when the company recorded a loss of $55.4 million in the prior year.

Subsequently, the board opted to ramp up its fully franked interim dividend of 30 cents per share. While this includes a special dividend of 13 cents per share, this represents an increase of a mammoth 325% on H1 FY21’s dividend.

It appears that the special dividend is a direct result of New Hope benefiting from record coal prices in 2021.

When can New Hope shareholders expect payment?

New Hope will pay the interim dividend to eligible shareholders next month on 4 May.

To be eligible for the latest dividend, you’ll need to own New Hope shares before the ex-dividend date on 14 April. This means if you want to secure the dividend, you’ll need to purchase New Hope shares no later than today.

It’s worth noting though that historically when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out. This is because investors tend to sell off the company’s shares after securing the dividend.

In case you are wondering, the company is not offering a dividend reinvestment plan (DRP) to shareholders.

New Hope share price snapshot

Since the beginning of 2022, the New Hope share price has travelled 70% higher.

When looking at the last 12 months, its shares have further accelerated, up around 185%.

New Hope shares touched a multi-year high of $4.06 on Monday off the back of rising coal prices.

Based on valuation grounds, New Hope commands a market capitalisation of roughly $3.15 billion.

The post Keen to bag the next New Hope dividend? Read this appeared first on The Motley Fool Australia.

More reading

• Hoping to bag the monster New Hope dividend? Read this
• Why ASX coal shares are charging higher again today
• 3 ASX 200 shares smashing 52-week highs on Thursday
• In a sea of red, these ASX 200 coal shares are floating above water. Here’s why
• Could these ASX shares be set to benefit from increasing Russian sanctions?

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 Bruce Jackson.

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There are a lot of exchange traded funds (ETFs) funds out there for investors to choose from.

Three top ETFs that you may want to look deeper into are listed below. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

Tech shares (and particularly Chinese technology shares) have had a tough year so far. This has weighed very heavily on the performance of the BetaShares Asia Technology Tigers ETF. And while this is disappointing, it may well have created a very attractive buying opportunity for long term focused investors. Especially given how the ETF is home to the leaders of the Asian technological revolution. These are the Apples, Googles, and Amazons of the Asia market. Among its holdings you’ll find Alibaba, Baidu, JD.com, and Tencent.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another exciting ETF to look at is the BetaShares Crypto Innovators ETF. It could be a top option for investors that are interested in the high risk world of cryptocurrencies but are not overly keen on owning coins. BetaShares highlights that the ETF allows investors to access the growth potential of the crypto economy through exposure to a portfolio of companies at the forefront of the crypto world. This includes crypto trading platforms, crypto mining and mining equipment firms, and other companies servicing crypto-markets. Among its holdings you’ll find Coinbase, Silvergate, and Riot Blockchain.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A final exciting ETF that investors is the BetaShares Global Cybersecurity ETF. As its name implies, this ETF provides investors with exposure to the rapidly growing global cybersecurity sector. BetaShares notes that with cybercrime on the rise, demand for cybersecurity services is expected to grow strongly for the foreseeable future. This could mean the companies included in the fund, such as Accenture, Cisco, and Cloudflare, Crowdstrike, and Okta, experience strong demand for their services over the next decade.

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

More reading

• Are these 2 leading ETFs good buys in April 2022?
• 2 popular ETFs for investors to buy in April
• Here are the 5 worst-performing ASX ETFs over the March quarter
• 3 very exciting ETFs for ASX investors this month
• Crypto and cybersecurity: 2 exciting ETFs for ASX investors

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 BetaShares Asia Technology Tigers ETF. 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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BHP Group Ltd (ASX: BHP) shares might soon be in for another green makeover as Australia’s largest listed company looks for some legislative ‘laxing’.

Reportedly, there is a push from the mega-mining giant for the Queensland state government to amend a 54-year-old piece of legislation. This legislation is known as the Central Queensland Coal Associates Agreement Act 1968. In response, onlookers are suggesting BHP could be hoping to make an exit from coal easier for itself.

But, what could be behind the move?

Getting out while the going is good

Coal prices are at multi-year highs amid a widespread energy shortage and continuing supply chain issues. According to Trading Economics, coal hit a record high in March of US$430 per tonne. Since then, prices have retreated to US$303 per tonne. Obviously, this has been to the benefit of BHP and its shares.

This might prompt investors to wonder why BHP would be trying to escape out of coal when it appears to be the most lucrative.

In the past, BHP CEO Mike Henry has shown a desire to steer the $260 billion company away from commodities caught up in climate worries. One such example is BHP’s recent parting from the petroleum business — handing off its petroleum assets to Woodside Petroleum Ltd (ASX: WPL).

Similarly, BHP shares rallied in November last year after the company announced it would receive US$1.35 billion for the divestment of two metallurgical coal mines.

As a result, investors are focusing on a new bill that would reduce the difficulty of BHP palming off mines under its joint venture with Mitsubishi — referred to as the BHP Mitsubishi Alliance (BMA). Currently, the contents of the 1968 Act preside over eight BMA controlled mines.

In the latest half-year, BHP shares reaped the rewards of higher coal prices. Around 18% of the company’s revenue was generated by coal sales.

How have BHP shares performed?

BHP has been the better performer among its iron ore mining peers on the ASX since 2022 kicked off. This year to date, BHP shares have grown in value by 22.3%, while Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) are up 7.2% and 19.6% respectively.

However, BHP currently presents the lowest dividend yield at 9.1% out of the three listed above. The other two mining giants are offering 13.5% and 12.4%.

The post Own BHP shares? Here’s why the miner could be gearing up to offload more carbon-heavy projects appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX mining companies by market cap
• What is the biggest mining company on the ASX right now?
• These are the 2 best ASX dividend shares to buy right now: fund manager
• ASX mining shares were the leaders last quarter. Here are the top performers
• BHP and Woodside one step closer in creating $40 billion energy giant

Motley Fool contributor Mitchell Lawler 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 Bruce Jackson.

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The Iluka Resources Ltd (ASX: ILU) share price is marching higher, up 1.6% in early trade.

Iluka shares closed yesterday at $12.43 and are currently trading for $12.62

Below we look at the latest on the ASX resource explorer’s demerger plans.

What’s the status of the demerger?

The Iluka Resources share price is marching higher after the company announced its intention to demerge Sierra Rutile Holdings Limited.

The demerger has been approved by the Board but remains subject to shareholder and other conditions before moving forward.

If these conditions are met, Sierra Rutile will be listed on the ASX as a separate company, focused on mineral sands in West Africa. That includes developing Iluka’s Sembehun project and focusing on the remaining deposits at Area 1.

Sierra Rutile will be led by Iluka’s outgoing chairman, Greg Martin, alongside other experienced management from Iluka.

Commenting on the demerger, Martin said:

After a comprehensive process, the Iluka Board considers that a demerger represents the optimal pathway for Sierra Rutile to reach its full potential. Sierra Rutile will be well equipped to implement strategies to maximise the value from the remaining producing deposits at Area 1 and to continue to progress the globally significant Sembehun project.

Noting that the demerger would simplify Iluka’s structure, Martin said it will enhance the miner’s “focus on its core activities and growth opportunities in Australia, particularly at this important juncture in its evolution and diversification into rare earths”.

Iluka’s managing director, Tom O’Leary added:

A demerger will not only position Sierra Rutile to reach its full potential, but also provides investors the opportunity to choose their desired exposure to each business based on their individual preferences for differing geographic exposures and risk-return profiles.

If the demerger proceeds, all Sierra Rutile shares will be distributed to Iluka Resources shareholders on a pro rata basis. The number of Sierra Rutile shares received will be proportional to their existing shareholding in Iluka on a record date yet to be determined.

Iluka Resources share price snapshot

The Iluka Resources share price has gained 25% over the past month, handily outpacing the 5% gain posted by the S&P/ASX 200 Index (ASX: XJO).

The post Iluka Resources share price marching higher on demerger news appeared first on The Motley Fool Australia.

More reading

• Should you buy Iluka or Lynas shares for rare earths exposure?
• Top brokers name 3 ASX shares to buy next week
• 5 things to watch on the ASX 200 on Tuesday
• Why Allkem, Iluka, Pendal, and Sayona Mining shares are charging higher
• ASX 200 (ASX:XJO): Perpetual makes Pendal offer, Iluka hits record high

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 Bruce Jackson.

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The Beach Energy Ltd (ASX: BPT) share price had a rollercoaster performance last quarter, ultimately ending the period significantly higher than where it started.

At the final close of the March quarter, the Beach Energy share price was $1.56. That’s 23.81% higher than it was at the end of 2021.

For comparison, the S&P/ASX 200 Index (ASX: XJO) slipped 0.73% last quarter. Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) rose 25.09%.

So, what happened to the ASX oil and gas producer over the three months ended 31 March? Let’s take a look.

Why drove the Beach Energy share price 24% higher?

The Beach Energy share price had several tumbles last quarter.

First, it fell 7.77% on the release of the company’s activities report for the December quarter.

Over the three months ended 31 December, Beach Energy’s production and sales slipped 7% and 5% respectively. Though its sales revenue increased by 3%

Volatility also followed the release of the company’s earnings for the first half of financial year 2022.

Over the half, it recorded $213 million of net profit after tax (NPAT) – a 66% increase on that of the previous first half. It also posted a one-cent fully-franked dividend for the period.

The Beach Energy share price surged 9.43% on its half-year results before tumbling 10.46% the following session.  

The company also agreed to sell some of its Cooper Basin assets and its 15% holding in the Cooper Basin licence PRL 211 during the quarter.

So, since most of the Beach Energy share price’s gains last quarter weren’t born from company news, what was it that drove it higher?

Surging energy commodity prices were likely behind the stock’s gains.

Oil prices reached their highest point since 2008 in early March, trading at around US$130 a barrel at one point. And while they quickly retreated from the multi-year high, they still ended the quarter trading above US$100 a barrel.

Gas prices also took off last quarter.

The rising price of energy commodities mainly stemmed from sanctions on Russia – a major energy-producing nation – following its invasion of Ukraine.

The measures disrupted the balance of supply and demand, thus, boosting the value of energy (and many other) commodities.

The post Despite its struggles, the Beach Energy share price had a stellar March quarter. Here’s why appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• 5 things to watch on the ASX 200 on Friday
• Black gold! Here’s how well ASX energy shares performed over the March quarter
• Why has the Beach Energy share price tumbled 11% in a month?

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 Bruce Jackson.

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

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

What happened

The price of Solana (CRYPTO: SOL) had risen as much as 7% over 24 hours at 9:30 a.m. EST before it gave away some of those gains. The popular retail investing app Robinhood announced earlier today that it had added the token to its trading platform.

So what

Robinhood has been slow to add cryptocurrencies to its trading platform, despite strong demand from its customers. CEO Vlad Tenev said on the company’s recent earnings call that Robinhood has wanted to be careful not to add tokens that financial regulators might consider unregistered securities. 

This morning, Robinhood added four new tokens, including Solana. The move should increase exposure for the cryptocurrency because Robinhood had more than 17 million monthly active users at the end of 2021. 

Tenev also said that Robinhood has been investing heavily in its crypto capabilities, including by adding features such as crypto gifting and crypto wallets. Robinhood also plans to open crypto investing to international customers later this year.

Now what

This should be a positive for Solana, which now has close to a $35 billion market cap, because it will increase exposure to the token. Robinhood customers have heavily been demanding more tokens on the platform, and using Robinhood is arguably one of the easiest ways to buy and sell equities and cryptocurrencies. This could create more trading activity on Solana.

I also think Solana is one cryptocurrency that merits consideration, considering its smart-contract capabilities and faster transaction times, which make it a viable option for supporting non-fungible tokens and decentralized applications. 

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

The post Why Solana is rising today appeared first on The Motley Fool Australia.

More reading

• Why Polkadot, Cardano, and Solana all dropped today
• Solana makes another leap
• How these top cryptos stacked up against Bitcoin and Ethereum in March
• Why Solana, Polkadot, and Cardano are down big today
• Why Solana jumped again today

Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Solana. 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 Bruce Jackson. 

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

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After a wobbly couple of weeks, the AVZ Minerals Ltd (ASX: AVZ) share price is back on form on Wednesday.

In morning trade, the lithium developer’s shares are up 10% to $1.13.

While this means the AVZ share price is still trading well short of its recent record high of $1.37, it remains up over 500% since this time last year.

Why is the AVZ share price racing higher?

The catalyst for the rise in the AVZ share price on Wednesday has been the release of an update on the company’s Manono Lithium and Tin Project in the Democratic Republic of the Congo.

According to the release, the company has received a positive technical opinion from the Department of Mines, which paves the way for an imminent decision on the award of a mining licence for its flagship project.

The release notes that to receive a mining licence the operation needs to satisfy four key elements. These are environmental approval, proof of financial capability, favourable cadastral opinion, and favourable technical opinion.

As the Manono Project has now received favourable outcomes on all four points, management appears confident that the award of a mining licence could be imminent.

Final hurdle is overcome

AVZ’s Managing Director, Nigel Ferguson, was pleased with the news and notes that this was the final hurdle the company needed to overcome for the mining licence.

He said: “The receipt of the favourable technical opinion for the DFS is the final procedural hurdle ahead of the Minister of Mines pending decision on the award of the Mining Licence which we now eagerly await. This will also be the catalyst to advance the Collaboration Development Agreement which will underpin the partnership between the Government and the developers of the Manono Project.”

The post AVZ Minerals share price shoots 10% higher on Manono Lithium project update appeared first on The Motley Fool Australia.

More reading

• 3 ASX mining shares skyrocketing on major new discoveries
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here are the 3 most heavily traded ASX 200 shares on Monday
• These were the worst performers on the ASX 200 last week
• Here are the 3 most heavily traded ASX 200 shares on Friday

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 Bruce Jackson.

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

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

Investors have been getting more excited about Amazon (NASDAQ: AMZN) in the past month since the e-commerce and cloud-computing juggernaut announced that it will perform a 20-for-1 stock split on June 6. 

Stock splits often intrigue investors because they result in a lower price per share, making it technically easier for a broader swath of individuals to buy the stock. But such events are less important these days as many brokerage accounts allow investors to buy fractional shares.

More importantly, while shareholders will wind up with more shares than they had before, the overall value of the company (and prior investors’ stakes) will remain essentially the same.

Having said all of that, there are a couple of excellent reasons why you may want to buy Amazon stock this month that don’t have anything to do with its stock-splitting plans.

Amazon’s lucrative lead in the cloud 

Most people still think of Amazon first and foremost as an e-commerce giant, but the company’s cloud computing business Amazon Web Services (AWS) is where it makes its real money.

In 2021, an impressive 74% of its operating income came from AWS even though it generated just 13% of the company’s total revenue. The cloud business isn’t just immensely profitable for Amazon, it’s also one of the company’s fastest-growing segments with sales increasing 40% year over year in the fourth quarter to $17.8 billion. 

All of that is impressive enough, but the company’s opportunity looks even better when you consider that AWS currently holds 33% of the cloud infrastructure market, amounting to $191.7 billion. Microsoft is the runner-up with a market share of 22%, while Alphabet lags them both with 9%.  

In short, AWS is growing quickly, is very profitable, and is the dominant player in cloud computing — which all points to the company’s long-term potential to continue benefiting from this market. 

Advertising is the icing on the revenue cake

Amazon disclosed its advertising revenue as a separate metric for the first time when it reported its fourth-quarter results back in February — and investors really liked what they saw. 

The company’s ad sales totaled $9.7 billion in the quarter, up 32% from 2020. To put that in perspective, Amazon’s advertising business is officially bigger than YouTube’s ad segment, which totaled $8.6 billion over the same period. 

Prior to the most recent report, analysts and investors had to make do estimating what the company’s ad sales were, but now they’ve got a clear picture of a healthy business that’s generating tons of revenue and growing quickly. According to eMarketer, Amazon’s advertising business will continue cutting into the market shares of Alphabet and Meta Platforms in the coming years, and account for nearly 15% of the digital ad market by 2023 — up from less than 12% last year. 

Keep this in mind

While some investors may be getting excited about Amazon right now because of the upcoming stock split, its strong positions in advertising and cloud computing are far better reasons to consider buying the stock this month. 

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

The post Is Amazon stock a buy this month? appeared first on The Motley Fool Australia.

More reading

• Why Amazon stock slipped on Monday
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• 3 charts that show why Amazon is an unstoppable growth stock
• Could Amazon help you become a millionaire by 2032?
• Why Amazon stock rocketed off course today

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Chris Neiger has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Amazon, Meta Platforms, Inc., and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares). The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, and Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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Exchange-traded funds (ETFs) could be a smart place to look for opportunities in April 2022.

Some ETFs may be capable of providing a mixture of growth and diversification thanks to tailwinds.

There has been a lot of volatility in the last few months. Here are two ETFs to consider:

Betashares Global Cybersecurity ETF (ASX: HACK)

As the name suggests, this ETF is about the global cybersecurity sector.

One of the businesses owned in this ETF’s portfolio, Palo Alto, commented last year about ‘ransomware’. Its 2021 update said that “the average ransomware payment climbed 82% since 2020 to a record $570,000 in the first half of 2021, as cybercriminals employed increasingly aggressive tactics to coerce organizations into paying larger ransoms”.

That increase came after a 171% increase in the previous year to $312,000.

Palo Alto also said:

While we predict that ransoms will continue their upward trajectory, we do expect to see some gangs continue to focus on the low end of the market, regularly targeting small businesses that lack resources to invest heavily in cybersecurity.

Because of that, it’s expected that spending on cybersecurity will increase to US$248.26 billion in 2023, according to BetaShares sources.

There are a total of 41 positions in the portfolio. The largest are: Crowdstrike, Palo Alto, Cloudflare, Cisco Systems, Zscaler, Akamai Technologies, Mandiant, Splunk, Booz Allen Hamilton, and Leidos.

The Betashares Global Cybersecurity ETF has an annual management fee of 0.67%.

Past performance is not a reliable indicator of future performance, but the HACK ETF delivered an average return per annum of 20.5% over the five years to 28 February 2022.

VanEck Video Gaming and Esports ETF (ASX: ESPO)

This is another ETF with a portfolio of international holdings that are leaders in their industry.

Investors get exposure to the video gaming and e-sports sector with this investment.

Readers may know some of the top ten businesses in this portfolio (out of a total of 25): Nvidia, Tencent, Advanced Micro Devices, Activision Blizzard, Nintendo, Netease, Sea, Unity Software, Electronic Arts, and Nexon.

ESPO has a relatively low weighting to the US of 44.5% for an internationally-focused ETF. Japan and China have weightings of 21.1% and 16.5%, respectively. Singapore, South Korea, Sweden, France, Taiwan, and Poland are the other locations that have an allocation.

VanEck says that the video game business is now larger than both the movie and music industries combined, making it a significant industry in entertainment.

E-sports is reportedly considered the world’s fastest-growing sport. Revenue in the e-sports industry has increased by an average of 28% per year since 2015. It opens up new revenue avenues such as game publisher fees, media rights, merchandise, ticket sales, and advertising.

Outside of e-sports, the wider video gaming industry has seen 12% average annual growth since 2015.

VanEck said:

E-sports and online video games are a long-term disruptive force in the traditional media, entertainment and technology industries.

The post Are these 2 leading ETFs good buys in April 2022? appeared first on The Motley Fool Australia.

More reading

• 2 popular ETFs for investors to buy in April
• 3 fantastic ETFs for ASX investors to buy
• 3 very exciting ETFs for ASX investors this month
• Crypto and cybersecurity: 2 exciting ETFs for ASX investors
• Why this leading ASX ETF is in the spotlight this week

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. owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re in the market for some dividend shares, then look no further. Listed below are two highly rated dividend shares that brokers have recently rated as buys.

Here’s what you need to know about them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share to consider is Baby Bunting. It is a baby products retailer with a growing presence online and through its expanding store footprint.

The team at Citi is positive on Baby Bunting. It currently has a buy rating and $6.22 price target on its shares.

Citi commented: “We see Baby Bunting well placed to outperform the broader small cap retail sector this year given the non-discretionary nature of its category. While the FY22 PE multiple of 24x (or 29x when adjusted for transformation costs) is not cheap, we 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.”

As for dividends, the broker is forecasting 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 $4.82, this will mean yields of 3.3% and 3.9%, respectively.

Bank of Queensland Limited (ASX: BOQ)

Another ASX dividend share for income investors to consider is Bank of Queensland.

Analysts at Morgans believe it could be a top option in the banking sector, particularly given its solid home loan growth and attractive valuation. It has an add rating and $11.00 price target on its shares.

The broker said: “We see exceptional value in Bank of Queensland’s stock. The Company has been executing well on its transformation program, it continues to grow its home loan book at above-system levels, we don’t expect its NIM to fare worse than the industry-wide trend, and cost synergies associated with the ME Bank acquisition are being realised at a faster rate than originally anticipated.”

In respect to dividends, Morgans is forecasting fully franked dividends per share of 48 cents in FY 2022 and then 55 cents per share in FY 2023. Based on the current Bank of Queensland share price of $8.49 this will mean yields of 5.6% and 6.5%, respectively.

The post Brokers name 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.

More reading

• Own Bank of Queensland shares? Here’s what to watch when the company reports this week
• Here are the 5 best performing ASX 200 bank shares of the March quarter
• Buy these ASX shares with huge upside: experts
• What’s the outlook for the Bank of Queensland share price in April?
• 5 things to watch on the ASX 200 on Thursday

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 Bruce Jackson.

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