Last week was not a good one for the National Australia Bank Ltd (ASX: NAB) share price. Shares in the big four bank fell 1.1% lower on Friday to close the week down 1.3% at $27.89 per share.

Let’s take a look at what’s moving bank shares right now and what could lie ahead for NAB.

Why the NAB share price is under pressure

Despite a disappointing week, there were no new price-sensitive announcements from the Aussie bank last week. That didn’t stop investors from selling down and putting the NAB share price under pressure.

Interestingly, NAB’s value was sliding even as the likes of Commonwealth Bank of Australia (ASX: CBA) edged higher to close the week. However, there were reports of a key change from NAB late in the week.

NAB has reportedly decided to increase some of its fixed-rate home loan rates. The Aussie bank is set to increase its 3-year rate by 10 basis points (bps) to 2.18% with 4-year and 5-year rates up 25 bps and 30 bps to 2.49% and 2.79%, respectively.

According to RateCity.com.au research director Sally Tindall, the rate hikes are no surprise. It comes as banks try to balance competitive market rates with profitability looking ahead to the economic recovery.

Higher rates may mean fewer borrowers going to the bank compared to its peers. Furthermore, investors could be wary of banks that prematurely increase rates. But at the same time, they may also punish those banks that see their net interest margin (NIM) deteriorate.

The NAB share price was under pressure last week following the news, but what lies ahead?

What’s next for NAB?

The big four banks don’t operate on the same reporting cycle as most other ASX companies. This means investors will be watching closely ahead of NAB’s full-year results release on 9 November.

As we saw last week, the state of the economy also looms large in 2021. Where the NAB share price is headed next could be determined by the re-opening of the Aussie economy post-COVID and other macro factors such as interest rates and the strength of the housing market.

The post The NAB (ASX:NAB) share price has just had a lousy week, what’s next? appeared first on The Motley Fool Australia.

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• The NAB (ASX:NAB) share price is underperforming its big four peers so far today
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• How has the NAB share price performed since reporting results
• How these 4 ASX 200 bank shares have performed since reporting results

Motley Fool contributor Ken Hall 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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On the S&P/ASX 200 Index (ASX: XJO), most companies that pay a dividend do so every six months. That means that every week, there is usually at least one ASX 200 dividend share that is about to trade ex-dividend for its upcoming shareholder payouts.

An ex-dividend date usually results in a corresponding drop in the company’s share price. So it pays to know when exactly your shares are about to go ex-div. As for this week, these ASX 200 dividend shares are in line to do just that:

5 ASX 200 dividend shares going ex-dividend this week

Qube Holdings Ltd (ASX: QUB)

Infrastructure and logistics company Qube is set to trade ex-dividend this week on Tuesday. Shareholders will receive Qube’s final dividend for FY21 of 3.5 cents per share, fully franked, on 22 October.

At Qube’s last share price of $3.36, this company had a dividend yield of 1.79%.

Adbri Ltd (ASX: ABC)

ASX 200 construction company Adbri (formerly Adelaide Brighton Cement) is our next ASX share going ex-dividend this week. Adbri will trade without its upcoming dividend included in its share price on Wednesday. This payment will be a 5.5 cents per share interim payment, fully franked, that will hit shareholders’ pockets on 6 October.

At Adbri’s last share price of $3.48, this company had a dividend yield of 3.66%.

Cochlear Limited (ASX: COH)

Healthcare company Cochlear is also trading ex-dividend this week, also on Wednesday. Shareholders will be receiving Cochlear’s final FY21 dividend of $1.40 per share, unfranked, on 18 October.

At Cochlear’s last share price of $238.28, this ASX 200 company had a dividend yield of 0.89%.

NRW Holdings Limited (ASX: NWH)

Another ASX 200 construction company to look at today, NRW is going ex-dividend on Wednesday too. This company will be forking out a 5 cents per share final dividend, fully franked, on Friday 13 October (clearly NRW is not a superstitious company).

At NRW Holdings’ last share price of $1.83, this company had a dividend yield of 4.92%.

Eagers Automotive Ltd (ASX: APE)

And last but not least, we have automotive sales company Eagers rounding out our list today. Eagers is scheduled to trade ex-dividend on Wednesday as well for its upcoming payout of 28.4 cents per share, fully franked. Investors can look forward to receiving this dividend on 15 October.

At Eagers’ last share price of $16.21, this ASX 200 share had a dividend yield of 2.78%.

The post These 5 ASX 200 shares are going ex-dividend this week appeared first on The Motley Fool Australia.

More reading

• The Cochlear (ASX:COH) share price is down 8% in 4 weeks. Is it a buy?
• How have ASX healthcare shares performed during the August 2021 earnings season?
• The Qube (ASX:QUB) share price is on a rollercoaster this week
• Which ASX shares are making a move on the ASX 300?
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BHP Group Ltd (ASX: BHP) share price slumped 5.4% lower last week in a disappointing week for shareholders. Let’s see what’s moving the Aussie mining giant’s shares right now and what lies ahead in 2021.

Why the BHP share price is down 5% in a week

Last week was a relatively big one for the iron ore giant. For starters, BHP provided an update on its Western Canada potash mine on Wednesday.

The BHP share price slipped lower despite the company outlining what it expects from the Jansen Mine in Saskatoon, Canada.

BHP expects to generate an earnings before interest, tax, depreciation and amortisation (EBITDA) margin of circa 70% from the mine, which is forecast to be paid back 7 years after operations commence.

The company is hoping operations will start in early 2027 and bring a globally diverse customer base, increasing BHP’s operating footprint and providing greater immunity from economic cycles.

Another factor moving the BHP share price last week was falling iron ore prices. Iron ore prices have now slipped by more than 20% in a month and have nearly halved since hitting US$233 per tonne in May.

The sharp decline is, perhaps unsurprisingly, largely being driven by China. According to Reuters, China released a report stating its steel output reached its lowest point since March 2020 last month.

That was disappointing news for the Aussie iron ore giant and its investors with the BHP share price sliding lower to end the week.

What’s next for BHP?

Perhaps the biggest news ahead for BHP is its proposed petroleum division merger with Woodside Petroleum Ltd (ASX: WPL). The two ASX giants are aiming to create a global, top-10 independent energy company by production with the transaction.

As with any resources share, underlying commodity prices will play a role in how the BHP share price fares in the near term. Investors will be watching China’s next moves closely for signs of strength or weakness in iron ore imports in 2021.

The post The BHP (ASX:BHP) share price is down 5% in a week, what’s next? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• BHP (ASX:BHP) shares are down 20% in a month. Here’s why it’s not all bad news for investors
• How has the BHP (ASX:BHP) share price performed since reporting results?
• ASX 200 resources giants lift despite plummeting iron ore price
• 2 ASX 200 blue chip shares analysts rate as buys

Motley Fool contributor Ken Hall 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 Wesfarmers Ltd (ASX: WES) share price edged higher on Friday, up 0.53% to $57.28. In comparison, the S&P/ASX 200 Index (ASX: XJO) fell 0.76% to 7,403 points.

However, when looking from late August, the share price paints a different picture.

Below, we recap on Wesfarmers most recent result and how its shares have performed since.

What did Wesfarmers report for FY21?

Wesfarmers delivered its full-year results for the 2021 financial year to investors before market open on 27 August. The Wesfarmers share price closed the previous day at a near all-time high of $63.96.

Across the board, Wesfarmers recorded a robust performance with growth in several key metrics. This included:

• Revenue from continuing operations up 10% on the prior corresponding period to $33,941 million;
• Earnings before interest and tax (EBIT) from continuing operations jumped 18.8% to $3,776 million;
• Net profit after tax lifted 16.2% to $2,421 million; and
• Fully franked final dividend of 90 cents per share, bringing the full-year dividend to 178 cents apiece, up 17.1% year-on-year.

The strong result largely came from the company’s Bunnings and Kmart Group businesses, with Officeworks slightly behind.

Wesfarmers managing director Rob Scott commented:

Bunnings, Kmart Group and Officeworks delivered strong sales and earnings growth for the year. While customer demand remained resilient, sales growth in Bunnings, Officeworks and Catch moderated from mid-March as the businesses began to cycle elevated demand following the onset of COVID-19 in the prior year.

Pleasingly, sales growth from mid-March remained strong on a two-year basis across all of the Group’s retail businesses.

How has the Wesfarmers share price reacted?

On the day of the annual report, Wesfarmers shares fell 2.75% to finish at $62.20. The following week was not so kind to the conglomerate’s shares as they fell consecutively to register a loss of 7.27% from 30 August to 3 September.

Since then, Wesfarmers shares have had mixed trading days.

The Wesfarmers share price has lost around 10% over the last 3 weeks, while the S&P/ASX 200 Index(ASX: XJO) has fallen just 1.5%.

A number of brokers weighed in after the company released its full-year results.

Analysts at Macquarie slapped a “neutral” rating on the Wesfarmers share price, cutting its outlook by 3.3% to $61.35. On the other hand, Morgans and Credit Suisse raised their price targets by 5.2% to $59.00 and 2% to $59.91, respectively.

However, the most recent broker note came from Citi which also raised its view on Wesfarmers shares by 4.3% to $49.00. Based on the current share price, this implies a downside of around 15% on Citi’s assessment.

The post How has the Wesfarmers (ASX:WES) share price been performing since reporting results? appeared first on The Motley Fool Australia.

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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 owns shares of and has recommended Wesfarmers Limited. 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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With the Delta variant paralysing much of Australia, the market is currently very much focused on COVID-19 recovery shares.

However, multiple professionals have warned investors not to get sucked in by every pandemic recovery beneficiary.

Forces at play during the current lockdowns are very different to the investing environment during the first and second waves last year.

No big government bazooka this time

According to Ophir Funds co-founders Andrew Mitchell and Steven Ng, companies rebounded quickly during the 2021 financial year because of “mammoth” government stimulus.

“It was on a scale not seen since World War II,” they wrote in their latest letter to clients.

“It mostly covered April to September last year and was designed to help get the economy back on its feet given the nationwide lockdown in the June quarter.”

Despite this, most ASX-listed companies have been reluctant to provide guidance for the 2022 financial year. Mitchell and Ng have no doubt why this uncertainty reigns.

They wrote: “Australian governments brought the big bazooka in 2020. But so far this year it’s been more like the peashooter!

“Business support payments are much more targeted at the non-listed SME segment and are a fraction of those provided in 2020. Individual COVID disaster payments, on a per-employee basis, are closer but still trail what was provided last year.”

While there might be some pent-up consumer demand when the Delta-induced lockdowns end, the Ophir team thinks it might be overstated.

The ASX shares to avoid for COVID recovery

While Mitchell and Ng generally reckon ASX shares exposed to the ‘reopening’ economy will be rewarded by investors, they will steer clear of one type of business.

“We’ve been conscious not to be in positions that are overly reliant on government-supported demand,” they said.

Sage Capital’s latest memo to clients was along the same lines.

“With the consumer more supported than stimulated by government spending in this round of lockdowns, consumer discretionary company earnings will suffer for the first half of fiscal 2022.”

The Ophir team is also avoiding stocks that rocketed up in November last year.

“We … believe cyclically orientated businesses are unlikely to get the same boost they did last year on the initial vaccine news given earnings and economic growth momentum appears to be peaking, which sees us with a greater balance between these and more defensive type companies.”

With both the US Federal Reserve and Reserve Bank of Australia planning to reduce quantitative easing, Mitchell and Ng are “more cautious” on high-growth stocks on high valuations.

So, which ASX recovery shares do we go for?

Sage Capital is sticking to reopening beneficiaries that have the market power to set their own prices. And one sector stands out with these criteria.

“In this context, we remain long insurers with the pricing power to drive premiums higher.”

Ophir agrees with this sentiment, although Mitchell and Ng think the inflated costs will be temporary.

They wrote: “We continue to scan our portfolios to ensure the companies we invest in have some pricing power in reserve, should these higher costs become more pervasive.”

The post The COVID recovery ASX shares to avoid appeared first on The Motley Fool Australia.

More reading

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

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Are you looking to add a growth share or two to your portfolio? If you are, then the two listed below could be worth considering.

Here’s why these growth shares are rated as buys:

Appen Ltd (ASX: APX)

The first ASX growth share to look at is Appen. It is a developer of high-quality, human annotated datasets for artificial intelligence (AI) and machine learning models. It undertakes these activities through a team of over one million skilled contractors that collectively have expertise across countless languages.

While demand for its offering has softened during the pandemic, management appears confident it will rebound in the near future as major investments by tech giants in AI and machine learning resumes.

The team at Citi appear confident this will happen and remain bullish on its long term outlook. The broker currently has a buy rating and $18.80 price target on Appen’s shares

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share to look at is Temple & Webster. It is Australia’s leading online retailer of furniture and homewares. The company runs a drop-shipping model which sees almost 200,000 products sent directly to customers from suppliers. This is complemented by a growing private label range which is sourced directly by Temple & Webster from overseas suppliers.

This business model is working very well for the company. So much so, last month Temple & Webster released its full year results and revealed an 85% increase in revenue to $326.3 million and a 141% jump in EBITDA to $20.5 million.

Positively, the shift to online shopping is still only getting started in this category. This and its leadership position give the company a significant runway for growth over the next decade and beyond.

Morgan Stanley is positive on the company. It currently has an overweight rating and $16.00 price target on its shares.

The post 2 ASX growth shares analysts rate as buys right now appeared first on The Motley Fool Australia.

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• Why Appen (ASX:APX) and this ASX growth share could be buys

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Appen Ltd and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX travel share sector could be a good place to look for recovery ideas as earnings start heading into profitable territory again.

It has been a difficult 18 months for the ASX travel share sector with limited travel, restrictions and big losses.

However, there may be light at the end of the tunnel with talk of borders reopening and a growing number of people being vaccinated – bringing the opening up targets of NSW and VIctoria closer.

With that in mind, these two ASX travel shares could be ones to consider:

Webjet Limited (ASX: WEB)

Webjet is currently rated as a buy by the broker UBS with a price target of $6.35. The broker believes that Webjet’s medium-term outlook is looking stronger. UBS believes that Webjet may be able to increase its market share.

According to UBS, Webjet shares are valued at 19x FY23’s estimated earnings.

A few weeks ago the ASX travel share told investors that its divisions had been profitable before the lockdowns in Australia and New Zealand. The WebBeds business was profitable in July and August, it was also on track to be profitable in September. WebBeds has seen strong demand as travel restrictions ease in North America and Europe. Management suggested this showed significant upside as more international markets reopen.

Its online travel agency and Online Republic businesses were profitable in April and May, but both have been impacted by lockdowns. Webjet believes that both businesses will return to profitability as soon as domestic markets reopen.

Webjet thinks that it can expand into new market segments and benefit from customers buying travel online. Management said the business is on track to reduce costs by at least 20% once the company gets back to scale. Once markets reopen, Webjet thinks it will have lower costs and greater profitability.

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel is currently rated as a buy by the broker Morgans, with a price target of $25.25.

Morgans was attracted to the Corporate Travel Management’s last few months of FY21 which revealed a good performance in the northern hemisphere. Market share growth and a return to profitability in the second half of FY21 were highlights.

In the second half of FY21, the ASX travel share generated underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $8.1 million, with $13.6 million of positive EBITDA generated in the fourth quarter of FY21.

The business points to the acquisition of Travel & Transport in the US as a very helpful reason why it will be a much larger business after COVID travel restrictions are removed. It thinks it’s now the fourth largest corporate travel business in the world.

In North America, FY21 fourth quarter revenue increased 47% to $39.6 million compared to the third quarter result.

Corporate Travel Management managing director Jamie Pherous said:

Through our recent acquisitions, realised synergies and permanent reductions of our cost base we expect the business will deliver material accretion to group earnings after COVID-19.

According to Morgans, the Corporate Travel Management share price is valued at 22x FY23’s estimated earnings.

The post 2 ASX travel shares to consider buying appeared first on The Motley Fool Australia.

More reading

• Is it too late to buy Qantas (ASX:QAN) and other ASX travel shares?
• To buy, hold or sell? Experts weigh in on the Webjet (ASX:WEB) share price
• Why the Webjet (ASX:WEB) share price has soared 24% in 4 weeks
• Is the Corporate Travel (ASX:CTD) share price a buy right now?
• These are the 10 most shorted 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 no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re in the process of building an income portfolio, then you might want to look at the shares listed below.

Here’s why these ASX dividend shares are rated highly by a top broker:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT. This real estate investment trust has a focus on social infrastructure properties such as childcare centres and government sites.

Thanks to strong demand for these properties and favourable revaluations, the Charter Hall Social Infrastructure REIT reported a 103% increase in statutory profit to $174.1 million in FY 2021.

This allowed the company to increase its distribution to 19.71 cents per share, which comprises a distribution of 15.7 cents and a special distribution of 4 cents.

Pleasingly, management expects to grow its distribution further (excluding its special distribution) in FY 2022. It has guided to a full year distribution of 16.7 cents per share. Based on the current Charter Hall Social Infrastructure REIT share price of $3.70, this will mean a 4.5% yield.

Its result and guidance went down well with the team at Goldman Sachs. In response the broker put a buy rating and $3.81 price target on the company’s shares.

South32 Ltd (ASX: S32)

Another dividend share that is highly rated is this mining giant. While many of its peers have fallen heavily recently, the South32 share price has been surging higher.

This is due to the positive outlook for the key commodities it produces. South32 has exposure to a diverse group of commodities, including alumina, aluminium, energy coal, metallurgical coal, manganese ore, nickel, silver, lead, and zinc.

It is thanks to its exposure to aluminium that Goldman Sachs is very positive on the company. Its analysts believe the metal is in the early stages of a multi-year bull market and expect it to underpin strong free cash flows in the coming years.

So much so, Goldman believes South32’s shares will provide fully franked dividend yields above 10% in FY 2022 and FY 2023.

The broker currently has a conviction buy rating and $3.80 price target on its shares. This compares to the latest South32 share price of $3.39.

The post Top broker names 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.

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• Use the sharp commodity sell-off to buy these ASX 200 mining shares
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• 3 reasons this broker says the South32 (ASX:S32) share price is a buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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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On Friday the S&P/ASX 200 Index (ASX: XJO) finished the week on a disappointing note. The benchmark index fell to 0.75% to 7,403.7 points.

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

ASX 200 expected to fall again

The Australian share market looks set to fall heavily again on Monday. According to the latest SPI futures, the ASX 200 is expected to open the day 68 points or 0.9% lower this morning. This follows a disappointing end to the week on Wall Street, which saw the Dow Jones fall 0.5%, the S&P 500 drop 0.9%, and the Nasdaq tumble 0.9%.

Oil prices drop

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a poor start to the week after oil prices dropped on Friday night. According to Bloomberg, the WTI crude oil price is down 0.9% to US$71.97 a barrel and the Brent crude oil price has fall 0.45% to US$75.34 a barrel. Oil prices fell after US supply from storm hit areas returned to the market.

Transurban wins WestConnex bidding

The Transurban Group (ASX: TCL) share price is likely to be in a trading halt today amid reports it has won the bidding for the remainder of WestConnex. According to the AFR, the toll road operator is understood to have made a $10 billion bid with its Sydney Transport Partners consortium, bringing its ownership to 100%. A $4 billion capital raising is expected to be launched today.

Gold price falls

It could be a subdued start to the week for gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) after the gold price dropped on Friday night. According to CNBC, the spot gold price fell 0.3% to US$1,751.40 an ounce. The gold price lost around 2% last week.

Iron ore prices tumble again

The shares of BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG), and Rio Tinto Limited (ASX: RIO) could be under pressure again on Monday after iron ore prices tumbled further. According to Metal Bulletin, the spot benchmark iron ore price has tumbled 5% to US$101.95 a tonne.

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

More reading

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• These were the best performing ASX 200 (ASX:XJO) shares last week

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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If you’re looking to boost your income with some dividend shares, then you might want to consider the ones listed below.

Here’s why analysts have given them buy ratings:

Aventus Group (ASX: AVN)

The first ASX dividend share to look at is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres with a portfolio of 20 centres valued at $2.3 billion.

Across these centres the company has a diverse tenant base of 593 tenancies, with national retailers representing 88% of the total portfolio.

Aventus has continued to experience solid demand for its tenancies despite the pandemic. This led to the company reporting an occupancy rate of 98.8% in FY 2021. This underpinned a 9.6% increase in funds from operations to $110 million for the year.

The team at Goldman Sachs is very positive on the company. It currently has a buy rating and $3.40 price target on its shares. Goldman is also forecasting dividends of 17.8 cents per share in FY 2022 and then 19.4 cents per share in FY 2023.

Based on the current Aventus share price of $3.27, this will mean yields of 5.4% and 5.9%, respectively.

Westpac Banking Corp (ASX: WBC)

This banking giant’s shares may have risen strongly this year, but a number of leading brokers still believe they are good value.

This is thanks largely to its strong capital position, improving trading conditions, and its bold cost reduction targets. In respect to the latter, Westpac is aiming to reduce its cost base to $8 billion in the coming years. This will be a sizeable reduction from $12.7 billion currently.

It is largely for this reason that Citi is a big fan of the bank. The broker currently has a buy rating and $30.00 price target on its shares. This compares to the latest Westpac share price of $25.88.

Citi is forecasting fully franked dividends of $1.16 per share in FY 2021 and then $1.30 per share in FY 2022. This represents yields of 4.5% and 5%, respectively, over the next couple of years.

The post 2 buy-rated ASX dividend shares with 4%+ yields appeared first on The Motley Fool Australia.

More reading

• How has the Westpac (ASX:WBC) share price performed since reporting results?
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• Why this fund manager sees limited growth potential for ASX 200 banks
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• Could liar loans crash the housing market?

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. 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 AVENTUS RE UNIT. 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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