Trust in institutions has been waning in recent times, so an ASX-listed company is doing well if its reputation improves over time.

This week 4 ASX shares enjoyed a nice boost from exactly that.

Research firm Roy Morgan this week revealed the latest Australia’s ‘most trusted brands’ league ladder.

And it seems in the age of COVID-19, Australians have high trust in basic goods retail.

Australians trust their supermarkets

Supermarket giants Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) are the most and second most trusted brands respectively, as Australians stepped over each other to buy precious toilet paper.

A couple of Wesfarmers Ltd (ASX: WES) labels also rated highly for the June quarter, with Bunnings Warehouse coming 3rd and Kmart ranked 5th.

The privately held grocery chain Aldi was the 4th most trusted, rounding out the top 5.

Roy Morgan chief Michele Levine said the big three supermarkets have proved essential for Australians in the past 18 months.

“The latest lockdowns in Sydney, Melbourne and Canberra will again emphasise their importance to many.”

The other big winner was department store Myer Holdings Ltd (ASX: MYR), whose shares have enjoyed a long-awaited revival in the past few weeks.

It was a new entrant to the top 10, ranking as the 7th most trusted brand in the country.

Similarly, Woolworths’ department store BigW also barged into the club for the first time, at number 10.

Much uncertainty after current lockdowns end

When current coronavirus lockdowns end, 70% or 80% of the adult population will be fully vaccinated.

And that would bring unprecedented difficulties for retailers, according to Levine.

“This is a big difference from prior lockdowns as Australians will be ‘living with COVID’ for the first time when these lockdowns end,” she said.

“This new ‘COVID-normal’ will provide a challenging environment for retailers that rely heavily on personal interactions between staff and customers. The big question facing retailers is how they manage the questions of ‘vaccination mandates’ for staff and ‘vaccination passports’ for customers without destroying the trust they’ve built up over the past year.”

The retail sector, as the public-facing layer of commerce, would have to put up with enforcing the rights of the vaccinated — or more aptly, the denial of unvaccinated customers.

“Retailers in particular will face the ‘sharp edge’ of these issues with the high level of interactions between staff and customers they deal with every day of the week.”

The post 4 ASX shares just got a massive boost appeared first on The Motley Fool Australia.

More reading

• Analysts rate these ASX dividend shares as buys
• Is the Woolworths (ASX:WOW) share price a buy for dividends?
• These ASX 200 dividend shares are about to dish out $40bn to shareholders
• It hasn’t been a great week for the Woolworths (ASX:WOW) share price
• Top broker says Coles (ASX:COL) share price is a buy

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 owns shares of and has recommended COLESGROUP DEF SET and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3nvnVtx

Luckily for income investors, the Australian share market is home to a good number of quality dividend shares.

Two that are highly rated by analysts right now are listed below. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX dividend share to look at is this supermarket giant. It has been over a century since GJ Coles opened his first store in Collingwood, Victoria in 1914. Since then, Coles has gone on to become one of Australia’s most recognisable brands and one of the big two players in the supermarket industry.

Coles now has over 800 supermarkets across the country, over 900 liquor retail stores, and over 700 Coles express stores. From this vast network, the company processes the equivalent of 35 transactions every second.

It was thanks partly to this strong market position that the company was able to deliver a 3.1% increase in sales to $38,562 million and a 7.5% jump in net profit after tax to $1,005 million in FY 2021.

Morgans is positive on Coles. In response to its full year results, the broker retained its add rating and lifted its price target to $19.80. It is forecasting fully franked dividends of 61 cents per share in FY 2022 and then 62 cents per share in FY 2023.

Based on the current Coles share price of $17.29, this represents yields of 3.5% and 3.6%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to consider is the retail group behind the BCF, Macpac, Rebel, and Super Cheap Auto retail brands.

Super Retail was on form again in FY 2021. Last month it reported a 22% increase in sales to $3.45 billion and a 107% jump in normalised net profit after tax to $306.8 million. This was driven by growth across the business, which was underpinned by a favourable redirection in consumer spending.

Credit Suisse was pleased with its performance in FY 2021. It currently has an outperform rating and $14.41 price target.

In addition, the broker is forecasting dividends per share of 53 cents in FY 2022 and 50 cents in FY 2023. Based on the current Super Retail share price of $11.86, this will mean fully franked yields of 4.5% and 4.2%, respectively.

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

More reading

• Top broker says Coles (ASX:COL) share price is a buy
• What does the future look like for the Coles (ASX:COL) share price?
• 2 buy-rated ASX dividend shares with attractive yields
• Is the Coles (ASX:COL) share price a buy for dividends?
• 2 blue chip ASX dividend shares to 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 owns shares of and has recommended COLESGROUP DEF SET and Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3k7ytNz

Investors searching for growth shares, may want to look at the shares named below.

These shares have been tipped to grow strongly over the 2020s and are currently named as buys.

Here’s what you need to know about them:

Appen Ltd (ASX: APX)

The first ASX growth share to look at is Appen. It is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence (AI).

Through its huge team of skilled contractors, Appen prepares or creates the data for the machine learning models of some of the largest tech companies. This includes the likes of Amazon, Facebook, and Microsoft.

Appen had been growing at an explosive rate year on year until the pandemic hit last year. This led to a reduction in demand for its services from its biggest customers as they held back on major projects.

The good news is that management believes demand will increase again post-pandemic. It has also been making acquisitions to bolster its offering.

In light of this, a very sharp pullback in the Appen share price this year could potentially be a buying opportunity for investors.

The team at Citi appear to believe this is the case. The broker currently has a buy rating and $18.80 price target on its shares.

Xero Limited (ASX: XRO)

Another ASX tech share that has been rated as a buy is Xero. It provides small and medium sized businesses with a cloud-based business and accounting solution.

It has been growing at a consistently solid rate for over a decade and shows no signs of slowing. For example, in FY 2021, the company increased its subscribers by 20% to 2.74 million despite the pandemic.

The good news is that this represents only a 6.1% share of its estimated overall market opportunity of 45 million globally.

Another positive is the company’s plan to monetise its growing user base via its app store. This has the potential to support strong revenue growth for decades according to the team at Goldman Sachs.

It is for this reason that the broker continues to be very bullish on the Xero share price. Its analysts currently have a buy rating and $165.00 price target on its shares.

The post Why Appen (ASX:APX) and this ASX growth share could be buys appeared first on The Motley Fool Australia.

More reading

• Is the Appen (ASX:APX) share price in the buy zone?
• How have ASX technology shares performed during the August 2021 earnings season?
• 2 highly rated ASX growth shares to buy
• 2 fantastic ASX 50 shares that analysts rate as buys
• 2 excellent ASX 200 blue chip shares that may be worth a spot in a portfolio

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

from The Motley Fool Australia https://ift.tt/3k5TSqh

The two ASX dividend shares in this article both have dividend yields of more than 4%.

These are businesses that have yields which are quite a bit more than what someone could get from the bank.

FY21 was a strong year for the below two businesses:

Metcash Limited (ASX: MTS)

Metcash is a company that is across three different industries: food, hardware and liquor. It supplies IGAs, Cellarbrations, The Bottle-O, IGA Liquor, Duncans and Thirsty Camel around the country. It also owns the hardware businesses Mitre 10 and Home Timber & Hardware, as well as owning most of the Total Tools business.

The ASX dividend share revealed in FY21 that revenue increased 9.9% to $14.3 billion. Group earnings before interest and tax (EBIT) rose 19.9% to $401.4 million. Underlying profit after tax grew 27.1% to $252.7 million. It saw strong sales growth in all pillars driven by a shift in consumer behaviour and success of its MFuture initiatives, according to management.

In regards to the dividends, the board decided to increase the target payout ratio from 60% to 70%. The board declared a final dividend of 9.5 cents per share, bringing the full year dividend to 17.5 cents – an increase of 40%. It also announced a share buy-back of up to $175 million. The business also recently increased its ownership of Total Tools from 70% to 85% for $59.4 million.

It’s currently rated as a buy by the broker UBS. Based on the projection of a full year dividend of $0.18 per share (an increase on FY21), that represents a grossed-up dividend yield of 6.4%.

Nick Scali Limited (ASX: NCK)

Nick Scali is a leading furniture retailer. The ASX dividend share has a network of showrooms in Australia and New Zealand.

Not only did the business perform strongly in FY21, but it may also use some of its earned cash to make acquisitions. In July 2021, Nick Scali confirmed that it was talking to Greenlit Brands about potentially acquiring the Plush Sofas business.

FY21 saw sales grow 42.1% to $373 million, whilst underlying net profit after tax (NPAT) doubled to $84.2 million. This also saw earnings per share (EPS) double to $1.04. The full year dividend was grown by 37% to $0.65 per share.

The online segment reported a few different things. Nick Scali online written sales orders were $18.3 million in FY21, up from $3 million in FY20. The online written sales orders of $5.5 million in the fourth quarter of FY21 was an increase of 84% year on year. Online saw full year revenue of $15.3 million, with an earnings before interest and tax (EBIT) contribution of $8.8 million.

Nick Scali said it was going to launch a lounge visualisation tool in July 2021. It also said that e-commerce was going to launch in August 2021 across both Australia and New Zealand.

It’s currently rated as a buy by the brokers at Macquarie Group Ltd (ASX: MQG). For FY22, Macquarie thinks Nick Scali is valued at 16x forward earnings with a projected grossed-up dividend yield of 7.6%.

The post 2 ASX dividend shares that could be buys with yields above 4% appeared first on The Motley Fool Australia.

More reading

• 4 ASX shares to hold for 5 years
• 2 ASX shares you missed that had cracking results
• ASX 200 falls, Metcash down, 4DMedical drops
• ASX 200 midday update: Metcash update, Wesfarmers goes ex-div
• Metcash (ASX:MTS) share price drops following trading update

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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.

from The Motley Fool Australia https://ift.tt/3k49XNa

On Friday the S&P/ASX 200 Index (ASX: XJO) finished a tough week on a positive note. The benchmark index rose to 0.5% to 7,406.6 points.

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

ASX 200 expected to fall

The Australian share market looks set to fall on Monday. According to the latest SPI futures, the ASX 200 is expected to open the day 28 points or 0.4% lower this morning. This follows a very disappointing end to the week on Wall Street, which saw the Dow Jones fall 0.8%, the S&P 500 drop 0.8%, and the Nasdaq tumble 0.9%. Economic uncertainty led to the Dow recording five consecutive daily declines last week.

Oil prices storm higher

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a strong start to the week after oil prices stormed higher on Friday night. According to Bloomberg, the WTI crude oil price is up 2.3% to US$69.72 a barrel and the Brent crude oil price has risen 2.1% to US$72.92 a barrel. Traders were buying oil on tight US supplies.

Shares going ex-dividend

A number of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes NZ telco Chorus Ltd (ASX: CNU), healthcare company Healius Ltd (ASX: HLS), and investment platform provider HUB24 Ltd (ASX: HUB).

Gold price falls

Australian gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a subdued start to the week after the gold price dropped on Friday night despite weakness on Wall Street. According to CNBC, the spot gold price fell 0.45% to US$1,792.1 an ounce. Uncertainty over the US Fed’s tapering timeline was weighing on the precious metal.

Telstra named as a buy

The Telstra Corporation Ltd (ASX: TLS) share price could be in the buy zone ahead of its strategy day this week. This morning Goldman Sachs reiterated its buy rating and lifted its price target to $4.40. Goldman advised: “Strategically we expect a continuation of the current strategy (simplicity and customer focus, network leadership and improved efficiency) but with a tilt towards growth (such as Energy, Health, FWA, Enterprise 5G).”

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

More reading

• Leading broker says Telstra (ASX:TLS) share price is a buy
• How have ASX resources shares performed during the August 2021 earnings season?
• September is not being kind to the Woodside (ASX:WPL) share price
• How have ASX energy shares performed during the August 2021 earnings season?
• 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. owns shares of and has recommended Hub24 Ltd. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3k4rZia

If you’re interested in investing in the tech sector, then you may want to look at the three ASX tech shares listed below.

These tech shares are the ones that the team at Bell Potter believe are the top three options in the sector right now.

Here’s what you need to know:

Nitro Software Ltd (ASX: NTO)

This document productivity software company is now the broker’s number one pick in the sector, partly for valuation reasons.

It commented: “[Nitro] Moves up to our number one pick given the slight pullback in share price following the 1H2021 result – which was good but not great – and our expectation the next few results (i.e. 2H2021, 1H2022 and 2H2022) will all show strong top line growth on the back of the increase in sales staff in 1H2021 and also the recent commencement of charging for eSigning.”

Bell Potter currently has a buy rating and $4.00 price target on Nitro’s shares.

Infomedia Limited (ASX: IFM)

The broker is also a big fan of this leading global provider of software as a service solutions to the parts and service sector of the automotive industry.

Bell Potter explained: “A new key pick following the better than expected outlook and guidance for FY22 which suggests a return to reasonable if not good organic growth in FY22 after this was relatively low in FY21 due mostly to the impacts of COVID-19 and, in particular, global shutdowns and travel restrictions.”

Its analysts have a buy rating and $2.00 price target on Infomedia’s shares.

Life360 Inc (ASX: 360)

Finally, this fast-growing family focused app maker remains in the broker’s top three sector picks.

The broker said: “[Life360] Remains a key pick but moves down to number three following the strong share price performance though we believe good upside remains with the company expected to be a key beneficiary of country’s reopening – particularly in the US – and the likelihood of a material M&A transaction in the coming months which may help better monetise the large active user base. “

Bell Potter has a buy rating and $10.75 price target on Life360’s shares.

The post Broker names the 3 best ASX tech shares to buy appeared first on The Motley Fool Australia.

More reading

• 2 ASX growth shares that could be buys
• Why the Life360 (ASX:360) share price could be heading higher
• 2 exciting ASX tech shares to buy
• 5 ASX shares under $10 that have more than doubled in the past year
• 3 top ASX growth shares for investors in September

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 Infomedia and Life360, Inc. The Motley Fool Australia has recommended Infomedia and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3k3fGTp

This weekend could be a handy time to look into some quality, growth-focused ASX shares.

Businesses that are growing their revenue and profit margins give themselves a good chance of growing the bottom line and hopefully producing returns for shareholders.

These two companies could be ones to watch:

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is a leading ASX tech share in the electronic donation space. It is facilitating the digitalisation of large and medium churches in the US. It provides donation tools for its customers and, bolstered by the acquired Church Community Builder, offers church management tools.

The business is both growing revenue and its profit margins as more people shift to digital donations.

FY21 saw processing volume rise 39% to US$6.9 billion, with operating revenue increasing 40% to US$179.1 million. The gross profit margin increased from 65% to 68%, whilst total operating expenses as a percentage of operating revenue improved 11 percentage points, from 47% to 36%. Net profit jumped 95% to US$31.2 million. Operating cashflow increased 145% to US$57.6 million.

Pushpay says it expects operating leverage to accrue as operating revenue continues to increase, whilst growth in total operating expenses remains low.

The ASX share recently acquired Resi Media, to add to its streaming solutions for the Pushpay product suite. This acquisition cost US$150 million.

Management said this acquisition accelerates front book growth, adding a further stream of high growth and high margin software as a service (SaaS) revenue.

The Pushpay share price is currently valued at 29x FY23’s estimated earnings according to Commsec.

EML Payments Ltd (ASX: EML)

EML Payments is another business in the payments space. It has a few different business segments.

There’s the general purpose reloadable division – this has uses like salary packaging and gaming payouts. It has gift and incentive, which is used for things like shopping centre gift cards and consumer incentives. Finally, there’s virtual account numbers, with use cases like commercial payments and buy now, pay later.

It’s benefiting from the shift to digital payments. FY21 saw gross debit volume (GDV) increase 42% to $19.7 billion, with revenue rising 60% to $194.2 million. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 65% to $53.5 million.

Regarding the Central Bank of Ireland (CBI) concerns, the ASX share said it’s working constructively with CBI and has responded in significant detail on all matters, and has provided CBI with a detailed remediation plan addressing the concerns raised. EML expects the remediation plan to be substantively complete by the end of the 2021 calendar year, with the remaining items remediated by the end of March 2022.

In FY22, EML is expecting its underlying EBITDA to rise by at least 8.4%, to a range of $58 million to $65 million.

According to Commsec, the EML share price is valued at 29x FY23’s estimated earnings.

The post 2 ASX shares that may be worth looking at this weekend appeared first on The Motley Fool Australia.

More reading

• Why the Pushpay (ASX:PPH) share price is edging higher on Monday
• 3 ASX shares with strong growth potential
• Here’s why the EML (ASX:EML) share price is up 8% in the last month
• 3 excellent ASX growth shares for September
• The EML Payments (ASX:EML) share price is rated as a strong buy

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 shares of and has recommended EML Payments and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended EML Payments and PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3AiF8u1

Last week the Telstra Corporation Ltd (ASX: TLS) share price ended the period at $3.88.

This means the telco giant’s shares are now up 29% since the start of the year.

This is more than double the return of the S&P/ASX 200 Index (ASX: XJO) over the same period.

Where next for the Telstra share price?

The good news for shareholders is that one leading broker believes the Telstra share price can keep rising.

According to a recent note out of Goldman Sachs, its analysts have a buy rating and $4.30 price target on the company’s shares.

Based on the latest Telstra share price, this implies potential upside of almost 11% over the next 12 months before dividends.

And if you include the 16 cents per share fully franked dividend the broker is forecasting in FY 2022, the potential return stretches to 15%.

Why is Goldman positive on Telstra?

Goldman Sachs has a buy rating on the Telstra share price due partly to its belief that the telco giant’s key mobile business will drive growth in the coming years.

This is not only expected to bring an end to dividend cuts, but also lead to a dividend increase in FY 2024. Goldman is forecasting dividends per share of 16 cents through to FY 2023 and then 18 cents in FY 2024.

With the Telstra share price currently trading at $3.88, the latter will mean an attractive fully franked 4.6% yield.

Commenting on its mobile growth, Goldman said: “We forecast +5% MSR growth in FY22/23E driven by: (1) Consumers transacting at pricing $6-7 above FY19; (2) deferred 5G price rises; (3) Enterprise/Small Business returning to growth; and (4) c.$250mn of roaming revenues returning.”

“We also believe that as long as TLS is growing mobile subs, it will be happy to cede share in exchange for a more rational ARPU environment. Finally, we expect service revenue growth and residual productivity savings to drive c.400bps of margin expansion, noting our 43% FY23 margin is still low relative to prior levels (adj. for AASB16/MTAS is 38.7% vs. 41% peak),” it added.

The post Leading broker say Telstra (ASX:TLS) share price is a buy appeared first on The Motley Fool Australia.

More reading

• How have ASX telecommunication shares performed during the August 2021 earnings season?
• Analysts name Westpac (ASX:WBC) and this dividend share as buys
• Here are the 3 heaviest trading ASX 200 shares on Thursday
• Is the Telstra (ASX:TLS) share price undervalued right now?
• This has been a good week so far for the Telstra (ASX:TLS) share price

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 owns shares of 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3twNJGO

If you’re an income investor on the lookout for dividend options, then you may want to look at the two listed below.

Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent Group. It is a retail group with a focus on the leisure footwear market.

Accent has been growing at a solid rate over the last few years thanks to the popularity of its store brands, its network expansion, and strong demand. This continued in FY 2021, with Accent recently reporting a 19.9% increase in sales to $1.14 billion and a 38.6% jump in net profit after tax to $76.9 million.

And although the team at Bell Potter are expecting a softer result next year, they remain very positive on the longer term.

A recent note reveals that Bell Potter has a buy rating and $2.90 price target on its shares. The broker is also expecting fully franked dividends per share of 9 cents in FY 2022 and 13 cents in FY 2023.

Based on the current Accent share price of $2.14, this will mean fully franked yields of 4.2% and 6.1%, respectively.

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

Another ASX dividend share for income investors to look at is banking giant ANZ.

It could be a top option for income investors due to its improving outlook and cost cutting plans. The latter sees the company aiming to reduce its cost base materially to $8 billion in the near future.

In addition, ANZ has a very strong capital position. At the end of the third quarter, ANZ’s CET1 ratio stood at 12.2%.

This is well ahead of APRA’s unquestionably strong benchmark of 10.5%, giving the bank plenty of opportunities to return funds to shareholders. For example, ANZ’s recently announced $1.5 billion share buyback is only expected to reduce its CET1 ratio by 35 basis points.

Analysts at Morgans are bullish on the bank. They currently have an add rating and $34.50 price target on ANZ’s shares.

In addition, the broker is forecasting fully franked dividends of 145 cents per share in FY 2021 and then 165 cents per share in FY 2022. Based on the latest ANZ share price of $27.59, this represents yields of 5.1% and 5.8%, respectively.

The post 2 excellent ASX dividend shares for income investors appeared first on The Motley Fool Australia.

More reading

• A look at insider buying among ASX 200 big four bank shares
• 2 of the best ASX share ideas according to this leading broker
• The ANZ (ASX:ANZ) share price is down 4% in a month. Here’s why.
• Analysts name 2 ASX dividend shares to buy
• Dividends galore! 10 ASX shares trading ex-dividend on Wednesday

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

from The Motley Fool Australia https://ift.tt/3np18iZ

Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here’s why brokers think investors ought to buy them next week:

City Chic Collective Ltd (ASX: CCX)

According to a note out of Citi, its analysts have retained their buy rating and $7.20 price target on this plus sized fashion retailer’s shares. This follows the release of a stronger than expected quarterly update by its US rival Torrid. The broker believes this bodes well for City Chic’s performance in FY 2022. Especially given how almost 40% of its sales derive from the US market at present. The City Chic share price ended the week at $6.42.

GrainCorp Ltd (ASX: GNC)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $7.27 price target on this grain exporter’s shares. The broker believes that above-average rainfall bodes well for the East Coast winter crop. In light of this, Macquarie suspects that GrainCorp could benefit greatly and receive a big profit boost in FY 2022 if its estimates prove to be accurate. The GrainCorp share price was fetching $6.46 on Friday.

Pilbara Minerals Ltd (ASX: PLS)

Another note out of Macquarie reveals that its analysts have an outperform rating and $2.70 price target on this lithium miner’s shares. The broker was pleased with the larger than expected increase to its mineral resource estimate. In addition, Macquarie continues to believe that Pilbara Minerals is well-placed to grow its production at a strong rate over the remainder of the 2020s and benefit from increasing demand for battery materials. The Pilbara Minerals share price ended the week at $2.05.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• Here are the 3 heaviest traded ASX 200 shares this Friday
• Here are the 3 heaviest trading ASX 200 shares on Thursday
• Is the party only just getting started for ASX lithium shares?
• Why these seasoned investors are watching the Pilbara (ASX:PLS) share price
• Leading broker reveals why these 10 big-name shares have been firing up its clients

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.

from The Motley Fool Australia https://ift.tt/396uxWJ