With savings accounts and term deposits still offering very low interest rates, the share market arguably remains the best place to earn a passive income.

But with so many dividend shares to choose from, it can be hard to decide which ones to buy.

To help narrow things down, I’ve picked out two that are highly rated right now. They are as follows:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT. It is a real estate investment trust with a focus on social infrastructure properties.

Demand for its properties has been very strong, leading to the company recently reporting an occupancy rate of 99.7%. But perhaps the best thing is that these tenants are locked in for the long term, with the Charter Hall Social Infrastructure REIT boasting a weighted average lease expiry (WALE) of over 14 years.

And with around two-thirds of its leases on fixed rent reviews, this bodes well for its rental income growth over the next decade.

Goldman Sachs is positive on the company. It currently has a conviction buy rating and $3.84 price target on its shares. At the current price, Goldman is forecasting yields growing from ~4.5% in FY 2021 to well beyond 5% in FY 2022 and FY 2023.

Coles Group Ltd (ASX: COL)

Another ASX dividend share to look at is this supermarket operator. It could be a top option for investors due to its very positive long term outlook for earnings and dividend growth.

This is being underpinned by its Refresh Strategy, which is cutting costs, making Coles more efficient, improving its use of technology, and boosting its online business and distribution.

Goldman Sachs is also very positive on Coles and has a buy rating and $19.40 price target on its shares.

Its team are forecasting solid earnings and dividend growth over the medium term. In respect to dividends, the broker expects dividends per share of 62 cents in FY 2021, 67 cents in FY 2022, and 73 cents in FY 2023. Based on the latest Coles share price of $18.12, this will mean fully franked yields of 3.4%, 3.7%, and 4%, respectively.

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

More reading

• The Coles (ASX:COL) share price has gained 3% this week. Here’s why
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• 2 high quality ASX dividend shares with big yields

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. 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 National Australia Bank Ltd. (ASX: NAB) share price has been performing well lately, but is it a good buy for its dividends?

The NAB share price has gained 15.4% year to date, with Goldman Sachs analysts believing it will boost higher in the near future.

The bank also boasts a dividend yield of 3.39%.

But is August a good time to buy NAB shares for the dividends? And how does it compare to its S&P/ASX 200 Index (ASX: XJO) banking peers?

Let’s take a look.

Is NAB worth buying for its dividend?

NAB has been handing out dividends to its shareholders since 1983.

Wondrously, between 2014 and 2018, NAB’s interim and final dividends were consistently both 99 cents.

In 2019, both the bank’s interim and final dividends were 83 cents. While in 2020, perhaps understandably, they slipped to 39 cents apiece due to the pandemic.

NAB’s 2021 interim dividend was valued at 60 cents, leaving the company with a dividend yield of 3.39%.

Historically, the bank has announced its final dividend in November. It has also historically given a full-year dividend of the same value as its interim dividend.

That means it’s likely NAB’s 2021 final dividend will be worth 60 cents per share.

The NAB share price is predicted to gain in the near future, while its dividend might not increase until May 2022. Thus, August might be the time to get the most out of the bank’s dividend yield.

Though, it’s not wise to assume all expert predictions will prove fruitful and that NAB will follow its previous trends.

In addition, all dividends that the bank has handed to its shareholders since 2007 have been 100% franked.

That means some Australian investors can use the bank’s dividends to reduce the amount of tax they pay.

So far, so good. At this point, NAB shares look like they could be a good August buy.

But how does the bank’s dividend compare to its competitors?

Big four dividends

For comparison, the Commonwealth Bank of Australia (ASX: CBA) offers the smallest dividend yield of all the big 4 banks. Its dividend yield is 2.44%. Additionally, the CBA dividend has historically been less consistent than that of NAB.

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) boasts the largest dividend yield of the big 4 – its dividends are worth 3.72% of its share price.

Westpac Banking Corp (ASX: WBC) is only doing slightly better than NAB, with a dividend yield of 3.56%.

Foolish takeaway

All in all, while the NAB dividend is strong, and it has been for many years, it currently isn’t quite as strong as those of some other big banks.

Though, August is as good a time as any to buy the bank’s shares for its dividends. Especially given its share price is predicted to increase.

However, all investments must consider an investor’s individual circumstances and goals.

The post Should you buy NAB (ASX:NAB) shares in August 2021 for the dividend yield? appeared first on The Motley Fool Australia.

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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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Reporting season is really underway now and some ASX dividend shares have been reporting growth.

FY21 has seen a lot of disruption for plenty of ASX shares because of COVID-19 and the associated impacts.

These two businesses reported a lot of growth in FY21:

Nick Scali Limited (ASX: NCK)

This business sells high-end furniture to Australian and New Zealand households.

Coming into reporting season, Nick Scali was rated as a buy by the broker Citi.

In FY21, Nick Scali reported that sales revenue increased by 42.1% to $373 million. Underlying earnings before interest and tax (EBIT) grew by 100.5% to $121.9 million and underlying net profit after tax (NPAT) grew by 100% to $84.2 million.

There were some areas of the business that grew revenue quickly. New Zealand written sales orders grew by 95% and total online written sales grew by 510% to $18.3 million. The online EBIT was $8.8 million.

Nick Scali’s final dividend was increased by 11.1% to 25 cents per share. That brought the full year dividend to 65 cents per share, representing a payout ratio of 63%.

That means that the FY21 grossed-up dividend yield is 7.5%. But the ASX dividend share’s FY22 yield may not be as high.

Nick Scali also noted that July 2021 trading was impacted by lockdowns. Written sales orders were down 27% compared to July 2020, but 24% up on July 2019. Online growth was up 88% for the month of July 2021.

Nick Scali said that the company’s future growth will be primarily be driven by the continuation of the store rollout and increasing online penetration.

Centuria Industrial REIT (ASX: CIP)

This is a business which owns a portfolio of “high-quality” industrial assets which are situated in key metropolitan locations throughout Australia and is underpinned by a diverse tenant base.

Coming into reporting season, the real estate investment trust (REIT) was rated as a buy by the broker Morgan Stanley.

It bought a number properties during FY21 and the valuation of many of its properties increased over the year. It saw a total $587 million valuation increase. This helped increase the net tangible assets (NTA) per unit by 36% to $3.83.

The ASX dividend share’s portfolio has a 96.9% occupancy rate with a 9.6 year weighted average lease expiry.

Centuria Industrial REIT is expecting a slight increase of both the distribution and the funds from operations (FFO) per unit in FY22. It’s expecting FFO per unit of no less than 18.1 cents and a distribution per unit of 17.3 cents per unit. That translates to a future yield of approximately 4.4%.

The post 2 leading ASX dividend shares that just reported more growth in FY21 appeared first on The Motley Fool Australia.

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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.

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ASX 200 iron ore majors, BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) are raking in cash thanks to sky-high iron ore prices.

Rio Tinto has been the earliest to report its 1H21 results, revealing a 156% jump in underlying earnings to US$12.2 billion.

But looking beyond iron ore, there is a dominant theme of investing in the production of climate change focused materials.

ASX 200 mining giants, more than just iron ore

On 27 July, Rio Tinto said it will spend $2.4 billion building a lithium-borates mine in Serbia.

According to the company’s half-year results, construction for the major project is expected to commence in 2022, subject to the award of final permits and approvals.

If things go to plan, Rio Tinto could be making its first saleable production by 2026.

From there, the company aims to ramp up production to ~58,000 tonnes of battery-grade lithium carbonate, alongside 160,000 tonnes of boric acid and 255,000 tonnes of sodium sulphate per annum.

Rio Tinto believes that this will position the company as a top-10 lithium producer globally and potentially the largest source of lithium supply in Europe for the next 15 years.

Fortescue on the other hand has shifted its attention to green hydrogen.

More recently, Fortescue entered into a framework agreement to explore opportunities to develop a green hydrogen project in India.

A broader objective for Fortescue Future Industries, the renewable green energy arm of Fortescue, is to “produce 15 million tonnes per annum of green hydrogen by 2030”.

Finally, the largest of all ASX 200 miners, BHP could be making a move away from oil and gas, with speculation that Woodside Petroleum Limited (ASX: WPL) might be the one to buy the prized assets.

In addition, BHP has invested US$2,972 million into the development of a potash project in Canada.

Potash is widely used as a plant fertiliser, allowing plants to become more drought resistant. Which could play into the environmental theme, especially in areas where rainwater is scarce.

The post 3 ASX 200 mining giants making moves towards renewables appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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 ResMed Inc (ASX: RMD) share price will be one to watch this morning.

This follows the release of the sleep treatment focused medical device company’s full year results.

ResMed share price on watch after beating expectations

• Revenue increased 8% to US$3.2 billion
• Non-GAAP operating profit up 12% to US$993.8 million
• Non-GAAP net income rose 13% to US$780.6 million
• Earnings per share increased 12% to US$5.33

What happened in FY21 for ResMed?

ResMed was a positive performer in the fourth quarter, outperforming the market’s expectations for both revenue and earnings per share. This could bode well for the ResMed share price today.

Pleasingly, it was the same story for the whole of FY 2021, with ResMed delivering solid revenue and profit growth despite cycling a period boosted by COVID-19 ventilator sales.

The company notes that it derived incremental respiratory care revenue from COVID-19 related demand of approximately US$20 million in the fourth quarter. This compares to US$125 million in the prior corresponding period.

ResMed was able to offset this with strong sales from its core business thanks to a recovery in its sleep apnoea and COPD patient flow. This was boosted by a major quality issue from one of its leading competitors.

This led to full year Global Device sales rising 7% to US$1,610 million, Mask sales increasing 11% to US$1,213.2 million, and Software as a Service sales growing 5% to US$373.6 million. Growth was delivered both in the United States market and internationally.

What did management say?

ResMed’s CEO, Mick Farrell, was pleased with the company’s strong finish to the year.

He commented: “Our fourth quarter and full-year fiscal year 2021 results continue to demonstrate the strength and resiliency of our business. During the quarter, we saw the ongoing recovery of core sleep apnea and COPD patient flow across our business, as healthcare systems continue to adopt new models of patient care. We faced some headwinds this quarter, as we annualized the $125 million in COVID-related ventilator sales from this period in 2020, and we saw some tailwinds from a competitor’s major quality issue that was announced during the quarter.

“At this time of incredible demand for ResMed products, we are doing everything we can to increase our manufacturing of sleep and respiratory care devices. Our global team is supporting patients, providers, and physicians with our priority to get products directly into the hands of patients who need therapy most.”

What’s next for ResMed?

While no guidance was given for the year ahead, management spoke positively about its prospects in FY 2022.

Mr Farrell explained: “Looking ahead, we are confident in our ability to grow steadily through our fiscal year 2022 and to deliver for all our stakeholders. We’re driving accelerated adoption of digital health solutions in sleep apnea, COPD, and out-of-hospital care, accelerating our ResMed 2025 strategy. These digital health solutions provide efficiency and lower costs for providers and payers, as well as better quality-of-life and clinical outcomes for patients and physicians, and sustainable growth for all of our ResMed stakeholders.”

The ResMed share price is up 35% since the start of the year.

The post ResMed (ASX:RMD) share price on watch after beating expectations in FY21 appeared first on The Motley Fool Australia.

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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 recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. 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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COVID-19 continues to cause disruptions and difficulties. There are some ASX shares that are seeing increased demand for their products or services.

There are some businesses that are still being impacted, such as travel ASX shares such as Qantas Airways Limited (ASX: QAN), Sydney Airport Holdings Pty Ltd (ASX: SYD) and Flight Centre Travel Group Ltd (ASX: FLT).

But then there are ASX shares like the below ones that are seeing stronger demand because of the global COVID-19 outbreaks:

Ansell Limited (ASX: ANN)

Ansell is a business that makes a variety of safety gear such as quality protective gloves and protective suits.

It has a global customer base, with customers in more than 100 countries.

A few months ago at the end of April 2021, before the Delta COVID variant was as prevalent as it is now, Ansell said that it was still seeing elevated demand for protective equipment around the world and that the financial performance since January 2021 had been stronger than expected.

The ASX share has also been working on expanding its capacity so that it can meet the stronger demand.

Ansell has experienced increases in raw material and outsourced supplier costs, but it has managed to pass on price increases to customers even better than it was expecting.

The company has been effective at still supplying customers with products despite the tightness of raw material supply and disruptions to ocean freight.

Ansell is likely to soon give an update during reporting season about how things are currently going.

In April, Ansell provided guidance that it expected its FY21 second half sales growth to be “strong” despite the solid performance in the prior corresponding and above the 24.5% growth reported in the first half of FY21.

The ASX share has given earnings per share (EPS) guidance of US$1.92 to US$2.02 for FY21.

Sonic Healthcare Ltd (ASX: SHL)

Sonic is one of the largest ASX healthcare shares.

It has operations in a number of countries including New Zealand, Belgium, Switzerland, the UK, Ireland, Australia, Germany and the USA.

Sonic continues to play an important role in the fight against COVID-19. It has been doing millions of PCR tests at around 60 Sonic laboratories around the world.

The business is experiencing a significant revenue and earnings contribution from this COVID-19 testing, with it leveraging existing infrastructure. That’s how half-year revenue was able to grow by 33% by and net profit soared 166% to $678 million.

Sonic decided to only implement a modest 6% increase in its interim dividend. Management are looking to utilise the cash it has generated to acquire other businesses to lock-in an increase in earnings. For example, it recently bought Canberra Imaging Group which has annual revenue of around $60 million.

Sonic is looking at other opportunities in multiple countries such as Australia, the UK, the USA and Canada. It also said that its pre-COVID business is becoming increasingly resilient to the pandemic.

The post 2 COVID-19 ASX shares that could be buys appeared first on The Motley Fool Australia.

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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 recommended Ansell Ltd., Flight Centre Travel Group Limited, and Sonic Healthcare 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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On Thursday the S&P/ASX 200 Index (ASX: XJO) was on form and pushed higher. The benchmark index rose 0.1% to 7,511.1 points.

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

ASX 200 futures pointing slightly higher

The Australian share market could end the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 4 points higher this morning. This follows a very strong night on Wall Street, which saw the Dow Jones rise 0.8%, the S&P 500 climb 0.6%, and the Nasdaq storm 0.8% higher.

REA Group FY 2021 results

All eyes will be on the REA Group Limited (ASX: REA) share price this morning when it releases its FY 2021 results. According to a note out of Goldman Sachs, its analysts expect a 12% increase in revenue to $915 million and a 20% jump in EBITDA to $571 million. The latter is ahead of the market consensus estimate of $560 million. On the bottom line, a 27% increase in net profit after tax to $343 million is expected. Goldman has a buy rating and $198.00 price target on the company’s shares.

Oil prices rise

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could end the week on a solid note after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.6% to US$69.22 a barrel and the Brent crude oil price is up 1.4% to US$71.36 a barrel. Oil prices rose amid tensions in the Middle East.

ResMed Q4 update

The ResMed Inc (ASX: RMD) share price will be one to watch today following the release of its fourth quarter and full year update. The sleep treatment focused medical device company has reported an 8% increase in full year to US$3.2 billion and a 13% jump in non-GAAP net income to US$780.6 million.

Gold price falls

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the gold price dropped overnight. According to CNBC, the spot gold price is down 0.4% to US$1,806.70 an ounce. Traders were selling gold amid concerns that the US Fed could begin tapering its asset purchases later this year.

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

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As well as releasing a stellar full year result this week, Pinnacle Investment Management Group Ltd (ASX: PNI) has also held its annual investment summit.

At the event, a number of portfolio managers provided investors with commentary on shares they are positive on.

On this occasion I’m going to look at what Spheria Asset Management is recommending.

Spheria Asset Management is a specialist small and microcap investment manager with more than $1.7 billion under management across its strategies. For the 12 months to 30 June 2021, the Spheria Australian Microcap Fund returned 81.2% net of fees, costs and taxes.

Which shares do portfolio managers rate highly?

Spheria Asset Management’s Portfolio Manager and Co-Founder, Marcus Burns, revealed that he is a fan of fashion retailer Universal Store Holdings Ltd (ASX: UNI).

Burns said: “So let’s give you an example of a stock we own in our portfolios and we think it’s a really sound idea based on long-term thinking. The stock is called Universal Store.”

“Over the last four or five years, it’s converted almost all the cashflow to earnings or its earnings to cashflow and vice versa. And so it ticks our boxes and it fundamentally, good business with a sound business model. We like it, it’s an on-trend, omnichannel apparel retailer for millennials and Gen Z consumers.”

Long growth runway

Spheria also sees a long growth runway for the retailer in the future and likes the way it leverages new technologies.

Mr Burns explained: “Another reason we like the stock is because it’s incredibly immature. It only has around 66 stores currently, and their target is well over a hundred in Australia, it has no stores currently New Zealand.”

“So that gives you four or five years, runway of double digit space growth. Not only that they make real time use of data to feedback their stock purchasing, many retailers buy in advance their stock for a full 9 months, 12 months in advance and get caught with out of fashion stock at the end of the year and have discount at big prices and really hit the margins.”

“Universal Stores has this technology where they basically reorder multiple times in season buying what’s popular and selling to consumers, what they’re demanding rather than what the buyers think they actually want to get. And they’re pushing a private label,” he added.

Outstanding value

But perhaps best of all, the portfolio manager notes that the Universal Store share price still trades at a very attractive level.

He commented: “And finally, the history of the business is showing incredible outstanding like-for-like sales growth, get all that for about 10 times EBIT, 10 or 11 times EBIT looking one year forward. Which we think represents outstanding value on top of the fact that it’s fundamentally a cracking business.”

The post Here’s a top ASX share this leading portfolio manager rates highly appeared first on The Motley Fool Australia.

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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 wanting to diversify your portfolio, then you might want to look at adding a little exposure to the resources sector.

But which ASX 200 mining shares should you consider? Two that could be worth considering are listed below. Here’s why they are highly rated:

Mineral Resources Limited (ASX: MIN)

The first ASX 200 mining share to look at is Mineral Resources. It is a mining and mining services company with a world class portfolio of operations across lithium and iron ore.

Thanks to strong demand for iron ore from steel makers and for lithium from the electric vehicle market, Mineral Resources has been tipped to deliver bumper profits in the near term.

For example, analysts at Macquarie are very bullish on its prospects. So much so, the broker currently has an outperform rating and $75.00 price target on the company’s shares. This compares favourably to the current Mineral Resources share price of $59.50.

In addition, Macquarie is expecting some generous dividend payments over the next couple of years with yields greater than 5% at current prices.

South32 Ltd (ASX: S32)

Another ASX 200 mining share that is highly rated right now is South32. It is a diversified mining company with exposure to a range of commodities. These include alumina, aluminium, energy coal, metallurgical coal, manganese ore, nickel, silver, lead, and zinc.

The team at Goldman Sachs are very bullish on South32 due to its exposure to aluminium. In fact, the broker has a conviction buy rating and $3.80 price target on the company’s shares. This compares to the latest South32 share price of $2.96.

Goldman believes that aluminium is in the early stages of a multi year bull market and expects South32 to benefit greatly. Its analysts expect this to underpin growing dividends over the coming years.

The post 2 excellent ASX 200 mining shares that could be buys appeared first on The Motley Fool Australia.

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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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Are you looking for dividend shares to boost your income portfolio? If you are, then you may want to look at the ones listed below.

Here’s why these ASX dividend shares are rated as buys:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent Group. This leisure footwear focused retail group has been a consistently positive performer over the last decade. This has led to very strong returns for investors.

The key drivers of this strong form have been its expanding footprint, the popularity of its store brands, and strong online sales growth. In respect to its store brands, Accent is the name behind brands such as HYPE DC, Platypus, and The Athlete’s Foot.

The team at Bell Potter are confident that there’s still plenty more growth left in the tank. As such it is forecasting dividends per share of 11.7 cents in FY 2021 and then 12.3 cents in FY 2022. Based on the current Accent share price of $2.75, this will mean fully franked yields of 4.25% and 4.5%, respectively.

Bell Potter has a buy rating and $3.30 price target on the company’s shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share for income investors to look at is Telstra. Although the telco giant’s shares have been on fire this year and are smashing the market, it doesn’t appear to be too late to invest for dividends.

This is due to its improving outlook, which is expected to allow the company to continue paying a 16 cents per share dividends for the next few years before a long-awaited increase.

Goldman Sachs, for example, believes Telstra’s shares are in the buy zone. It has a buy rating and $4.20 price target on the company’s shares. The broker is also one of those that believes a dividend increase isn’t too far away. It has pencilled in fully franked 16 cents per share dividends through to FY 2023, before an increase to 18 cents per share in FY 2024.

Based on the current Telstra share price of $3.78, this will mean attractive yields of 4.2% before lifting to 4.8%.

The post Telstra (ASX:TLS) and this dividend share could be buys appeared first on The Motley Fool Australia.

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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 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.

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