The AMP Ltd (ASX: AMP) share price will be one to watch this morning.

This follows the release of an announcement revealing changes to its advice business model.

Why is the AMP share price on watch?

The AMP share price could be on the move today after it revealed a new contemporary advice service model.

According to the release, AMP is introducing a new service model with its aligned advice network, marking a new era for financial advice at the company.

AMP’s new model further prioritises its clients and will provide services to advisers which support the delivery of quality advice, improve practice efficiency, and help advisers grow their businesses.

Developed in collaboration with AMP adviser associations, the new model will be progressively introduced, giving advisers increased choice, flexibility, and transparency with how they partner with AMP and how they continue to operate their business.

Three key components

The contemporary approach includes three key components:

• A new service proposition and fee model for advice practices, which has been competitively benchmarked against the industry and reflects the services offered. It includes a set of core services as well as user pay services. AMP intends to phase in the new fee model from 1 January 2022 to 1 January 2023.
• The release of institutional ownership of clients from AMP Financial Planning to advisers, with the ability to transfer clients out of the AMP network. This change will take effect from 1 January 2022.
• The conclusion of client register buy back arrangements from 31 December 2021, with practice principals able to take advantage of current terms remaining in place until this date.

Management commentary

AMP’s Managing Director of Advice, Matt Lawler, believes the changes are major step in the transformation of AMP’s advice business.

He said: “These changes represent a new value proposition to our financial advisers, one that is centred around us being a professional services provider to quality financial advice practices. Today’s announcement is another major step in the transformation of AMP’s advice business. It is a new era for financial advice at AMP.”

“Over the past few years we have worked with our financial adviser network to complete significant reforms, build robust and modern processes and are strengthening our compliance regime. With a lot of that hard work now embedded, it is the right time for AMP and our financial advisers to look to the future.”

“AMP is committed to the future of advice and building a stronger financial advice profession together. Importantly these changes recognise that the financial advisers should be in control of their business. It is their business, it is their clients and with our support we are determined to be working with our financial advisers long into the future,” he concluded.

The AMP share price is down 30% since the start of the year.

The post Why the AMP (ASX:AMP) share price will be one to watch today 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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Long-term A2 Milk Company Ltd (ASX: A2M) shareholders sure have a right to be cranky, with the stock price falling more than 65% in just 12 months.

So now the ASX results season is coming, what should investors look out for?

Here are the big topics that you’ll want answers for on 18 August.

A2 Milk’s China deal

The big topic occupying investors at the moment is the dairy producer’s acquisition of Mataura Valley Milk.

The current majority owner of Mataura is China Animal Husbandry Group. It will retain a 25% ownership after the takeover, which A2 Milk reckons is a nice benefit.

“Investors can expect more updates on the acquisition when A2 Milk releases its full-year results in August,” said The Motley Fool’s Zach Bristow this week.

The Mataura acquisition has led a mini-revival of A2 Milk shares in recent weeks. The stock is up more than 10.7% in the past month.

A2’s daigou channel numbers

One of the big reasons for A2 Milk’s fall from grace is the complete collapse of the daigou sales channel after COVID-19 arrived last year.

International travel bans had killed off these private exporters from getting A2 Milk baby formula into the lucrative Chinese market.

But the rollout of coronavirus vaccines this year has seen daigou numbers pick up again.

“Daigou proxy is actually up for the 4th month in a row,” Shaw and Partners senior investment advisor Adam Dawes told Switzer TV Investing this week.

“In other words, moving towards increasing the number of exports of powdered milk to China.”

The August update from the company will feature the latest daigou numbers, which investors will be hoping will carry on the momentum.

2022 revenue projections

Investors already know the 2021 numbers won’t be great. This is already baked into the share price.

A2 Milk in May projected 2021 financial year revenue would be around $1.2 billion to $1.25 billion.

But the more interesting numbers for investors to look out for on 18 August would be the guidance for the current fiscal year.

In the 2020 financial year, the dairy producer racked up $1.6 billion in revenue.

Bell Potter senior industrial analyst Jonathan Snape this month stated A2 Milk could navigate its way back to those heights.

“While not without near-term risks as supply chains stabilise, at its core we see A2M as a business that, once (margin) is consolidated, has baseline revenue of NZ$1.4 billion to $1.5 billion and EBITDA of NZ$300m,” he said in a memo to clients.

“We do not see FY21 earnings as reflective of the returns the business can generate in the medium term.”

The post Own A2 Milk shares? Here’s what to look for during reporting season appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell today
• The A2 Milk (ASX:A2M) share price climbs as China deal receives go-ahead
• It’s been a tough year for the A2 Milk (ASX: A2M) share price. Here’s why
• 3 reasons to buy A2 Milk (ASX:A2M) shares right now
• Afterpay and Zip were among the most traded ASX shares last week

Motley Fool contributor Tony Yoo owns shares of A2 Milk. 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 A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are a number of high-quality ASX growth shares that could be candidates to think about for the coming years.

Businesses that are generating revenue growth also have the potential to translate that into profit growth and potentially shareholder returns.

Here are two leading potential ASX growth shares to think about:

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is a leading business in the electronic donation space. The main client base is large and medium churches in the US.

The company has already grown to the point where it’s processing billions of dollars of donations. In FY21 it saw total processing volume increase 39% to US$6.9 billion. It also provides church management services.

Pushpay has been using scalable software, which has helped the business benefit from operating leverage. Whilst FY21 revenue increased by 40% to US$179.1 million, the net profit increased 95% to US$31.2 million and operating cashflow soared 145% to US$57.6 million.

COVID-19 has led to Pushpay seeing a clear shift to digital where customers are using mobile technology to communicate with congregations. Digital is playing a crucial role for churches. Pushpay hasn’t seen a meaningful proportion of digital giving revert to non-digital means.

The ASX growth share is expecting more growth as it wins more market share, benefits from digital adoption and expands into the Catholic sector. The Catholic expansion may lead to other growth opportunities such as the education sector.

Pushpay is expecting more operating leverage to accrue and it’s also on the look out for more acquisitions that will improve its offering.

At the current Pushpay share price it’s valued at 28x FY23’s estimated earnings.

Betashares Global Cybersecurity ETF (ASX: HACK)

This is an exchange-traded fund (ETF) that’s sadly benefiting from the rise in cybercrime across the world.

COVID-19 has accelerated the shift for businesses, governments and organisations to move integral data and operations online. That has meant they are more vulnerable to cybercrime, so there has been a steady increase in spending on cyber defences.

The ETF gives exposure to a number of different players in the space, both established businesses and rising stars.

At the last tally, the biggest 10 holdings in the portfolio were: Zscaler, Crowdstrike, Okta, Accenture, Cisco Systems, Cloudflare, Varonis Systems, Fortinet, Splunk and Cyberark Software. In terms of geographic diversification, almost 90% of the portfolio is invested in US shares and only the UK (3.4%) and Israel (3.4%) are the other countries to have an allocation of more than 3%.

In 2022 the global cybersecurity market is expected to reach $223.68 billion and then rise again to $248.26 billion.

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

Past performance is not an indicator of future performance, however since inception in August 2016, the ASX growth share has returned an average of 21% per annum.

The post 2 top ASX growth 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. owns shares of and has recommended BETA CYBER ETF UNITS and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS 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.

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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.

Both dividend shares are expected to provide investors with attractive yields in the near term. Here’s what you need to know:

BWP Trust (ASX: BWP)

The first ASX dividend share to take a look at is BWP. It is a commercial property company and the largest owner of Bunnings Warehouse sites across Australia. At the end of the first half, the company owned a total of 68 properties which were leased to Australia’s home improvement giant.

While having such reliance on a single tenant is not usually a good idea, it certainly has been a big positive for BWP. Thanks to Bunnings’ strong performance over the last few years, despite whatever the economy throws at it, BWP has been able to grow its rental income at a decent rate. This has led to the company’s distribution also growing nicely, much to the delight of income investors.

It is also worth noting that Wesfarmers Ltd (ASX: WES) is both the owner of Bunnings and a former owner and current major shareholder of BWP with a 24.2% stake. As a result, it is unlikely to do anything that would impact the value of its investment.

This year the company’s board plans to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this equates to an attractive 4.3% dividend yield.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to consider is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets.

These properties are leased to some of the biggest players in the agricultural sector on very long term agreements. And with these leases including periodic rental increases, the company is well-placed to deliver on its target of growing its distribution by 4% each year.

In FY 2022, Rural Funds intends to reward its shareholders with a distribution of 11.73 cents per share. This will be up 4% on FY 2021’s planned distribution of 11.28 cents per share. Based on the current Rural Funds share price of $2.54, this represents an attractive yield of 4.6%.

The post 2 ASX dividend shares with attractive yields 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 RURALFUNDS STAPLED. 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 a solid week with a small gain. The benchmark index rose 0.1% to 7,394.4 points.

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

ASX 200 expected to rise

The Australian share market is expected to start the week in a positive fashion. According to the latest SPI futures, the ASX 200 is expected to open the day 22 points or 0.3% higher. This follows a strong end to the week on Wall Street, which saw the Dow Jones rise 0.7%, the S&P 500 climb 1%, and the Nasdaq storm 1.05% higher. The latte could bode well for Australian tech shares today.

Oil prices rise

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) will be on watch today after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.2% to US$72.07 a barrel and the Brent crude oil price has risen 0.4% to US$74.10 a barrel. Forecasts for tight supplies gave oil prices a boost.

IAG rated as neutral

The Insurance Australia Group Ltd (ASX: IAG) share price is close to being fully valued according to analysts at Goldman Sachs. A note out of the investment bank this morning reveals that its analysts have responded to IAG”s full year update by putting a neutral rating on the insurance giant’s shares and cutting their price target to $5.41. It said: “A third consecutive period impacted by reserve strengthening, alongside margin targets which still appear fairly one-dimensional in domestic commercial repricing aren’t immediately enticing,”

Gold price softens

Australian gold miners such as Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could come under pressure today after the gold price softened on Friday night. According to CNBC, the spot gold price fell 0.2% to US$1,805.90 an ounce. The gold price weakened after bond yields and the US dollar strengthened.

Lynas quarterly result

The Lynas Rare Earths Ltd (ASX: LYC) share price will be one to watch this morning when the rare earths producer releases its quarterly update. No guidance has been given for the period, but NdPr production has been 1359 tonnes and 1367 tonnes for the last two quarters. Something similar is expected in the fourth quarter.

The post 5 things to watch on the ASX 200 on Monday 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 Insurance Australia Group 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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The Australian share market is home to a number of quality companies with solid growth prospects.

Two that have been tipped to grow very strongly over the long term are listed below. Here’s why analysts think investors should be buying their shares:

Life360 Inc (ASX: 360)

The first ASX growth share to look at is this San Francisco-based technology company. It is the app maker behind the hugely popular family-focused Life360 mobile app, which is used by 28 million monthly active users globally.

It has been a very strong performer in recent years and has continued its explosive growth in 2021. For example, Life360 recently revealed that it expects its annualised monthly revenue to be at the high end of its guidance of US$110 million to US$120 million this year. The high end represents a 34% year on year increase.

This could be boosted further in the second half by a highly successful marketing campaign on TikTok and a recent bolt-on acquisition. The latter has expanded its offering and opened up cross-selling opportunities.

One broker that remains very positive on the company and is forecasting very strong growth in the coming years is Bell Potter. Earlier this month its analysts retained their buy rating and lifted their price target on the company’s shares by 19% to $9.25.

The broker lifted its price target after a similar business, Nextdoor, was acquired by a special purpose acquisition company (SPAC) on significantly higher multiples. Bell Potter notes that Life360 is a year or two behind Nextdoor in scale, but is a better quality business. Particularly given that its subscription revenue is stickier and more recurring than Nextdoor’s advertising revenue.

Zip Co Ltd (ASX: Z1P)

Another ASX share that is growing at a rapid rate is Zip. It is a leading buy now pay later (BNPL) provider with operations across several continents.

Last week it released its fourth quarter update and revealed further strong growth across key metrics. Zip reported a 116% year on year increase in quarterly total transaction volume (TTV) to $1.8 billion and a 104% increase in quarterly revenue to $129.9 million.

Key drivers of Zip’s growth were further increases in transactions, customer numbers, and merchants on its platform. Zip revealed a 230% year on year increase in transaction numbers to 14.2 million for the three months, an 87% lift in customer numbers to 7.3 million, and an 84% rise in merchants to 51,300.

The good news is that the company still has a very long runway for growth over the next decade. This is due to the growing BNPL market in the massive United States market and its continued international expansion. The latter looks set to be boosted by a global rebrand which will see the company operate under the Zip name in all its markets.

Citi is very positive on Zip. Last week the broker responded to its update by retaining its buy rating and $10.25 price target.

The post Why Zip (ASX:Z1P) and this explosive ASX growth share could be buys appeared first on The Motley Fool Australia.

More reading

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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. owns shares of and has recommended Life360, Inc. and ZIPCOLTD FPO. 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 fund manager in charge of Spheria Emerging Companies Ltd (ASX: SEC) has revealed some of the ASX shares that it thinks look like good ideas at the moment.

Spheria’s investment philosophy is to buy companies with cash generative business models, with a demonstrated track record of solid returns at a sensible valuation given their industry dynamics and positioning.

Whilst Spheria believes that the world can overcome COVID-19, the threat of inflation and emerging signs of reluctance by central banks to “pump prime” to the same extent as they have since the emergence of COVID-19 means the fund manager is focusing its efforts on finding business models with pricing power and trying to avoid those that are likely to see unexpected compression in profit margins, such as mining contractors.

In this era of high levels of corporate activity with lots of liquidity, “procyclical” boards and record levels of private equity funding, Spheria thinks it’s well placed to benefit. That’s because of its focus on undervalued, cash-generating businesses with decent balance sheets.

Spheria is avoiding ASX shares that are overvalued and it’s trying to maximise the risk-reward equation for investors with a disciplined investment approach that is predominately guided by valuation fundamentals.

Ainsworth Game Technology Limited (ASX: AGI)

Ainsworth is a gaming machine manufacturer and supplier. It offers the types of machines that you may find in casinos.

Spheria noted that whilst the company has been heavily impacted by COVID-19, it has never been in danger of insolvency because of property holdings in the US that at one point exceeded its market capitalisation.

The fund manager pointed out that in the US (and Australia), the end market of casinos, pubs and clubs have/had recovered strongly and in many case are now/were in a position to recommence expenditure on new machines. The company returned to profitability in the second half of FY21.

Spheria believes that the ASX share has the potential to leverage its portfolio and intellectual property and regulatory approval to improve earnings and surpass what it was making before COVID-19 came along.

City Chic Collective Ltd (ASX: CCX)

This ASX share is a retailer of plus-size clothes, footwear and accessories. It has a number of different brands including City Chic, CCX, Avenue and Evans. City Chic is now making a majority of its sales online.

Spheria said this business appears to be well positioned to benefit from the re-opening across the countries that it has major operations in (mainly the UK, the US and Australia). It can also benefit from the significant bounce back in apparel expenditure, which has been hurt by lockdowns in the UK and US in-particular, that is accompanying this trend.

According to Commsec, the City Chic share price is valued at 31x FY23’s estimated earnings.

The post Leading fund manager likes these 2 ASX shares appeared first on The Motley Fool Australia.

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• Here’s why the City Chic (ASX:CCX) share price is up 25% in 2021
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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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Are you looking for some top ASX dividend shares to add to your income portfolio next week?

If you are, you might want to look at the ones listed below. Here’s what you need to know about these highly rated dividend shares:

Bapcor Ltd (ASX: BAP)

The first ASX dividend share to look at is Bapcor. It is the Asia Pacific region’s leading provider of vehicle parts, accessories, equipment, service and solutions.

Bapcor has been performing very strongly once again in FY 2021. This is thanks partly to strong demand for used cars, which has resulted in elevated sales across its brands.

The good news is that the company looks well-placed to continue its growth in the years to come. This is due to its strong market position and its expansion plans. The latter is being driven both domestically and in the massive Asia market.

One broker that is a big fan of Bapcor is Citi. It currently has a buy rating and $9.55 price target on the company’s shares.

Its analysts are expecting Bapcor to grow its fully franked dividend to 19 cents per share in FY 2021 and then 23 cents per share in FY 2022. Based on the current Bapcor share price of $8.21, this will mean yields of 2.3% and 2.8%, respectively, over the next two financial years.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share to look at is this banking giant. It could be a top option for investors that don’t have exposure to the banking sector yet.

This is due to the positive trading conditions it has been experiencing thanks to the Australian economy’s strong recovery from the pandemic, the thriving housing market, cost reductions, and its improving outlook.

Macquarie is very positive on NAB and recently upgraded its shares to an outperform rating with a $28.00 price target. The broker likes NAB due to its attractive valuation and strong capital position. It feels the latter should allow the bank to absorb any negative impacts of the AUSTRAC investigation and a potential COVID-induced economic slowdown.

Macquarie is forecasting fully franked dividends of $1.20 per share in FY 2021 and then $1.25 per share in FY 2022. Based on the latest NAB share price of $26.04, this represents attractive yields of 4.6% and 4.8%, respectively, over the next two years.

The post Here are 2 ASX dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

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• It hasn’t been a great month so far for the NAB share price
• ANZ’s (ASX:ANZ) $1.5bn buyback puts other ASX 200 banks under capital return spotlight
• Do ASX 200 banks share same BNPL ambitions as Westpac (ASX: WBC)?
• Leading brokers name 3 ASX shares to buy today

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 Bapcor. 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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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:

Reliance Worldwide Corporation Ltd (ASX: RWC)

According to a note out of Ord Minnett, its analysts have retained their buy rating and lifted their price target on this plumbing parts company’s shares to $6.20. The broker believes trading conditions are favourable in its key markets and has upgraded its earnings estimates to reflect this. It also believes it has the balance sheet strength to undertake acquisitions or capital management. The Reliance share price ended the week at $5.35.

Whispir Ltd (ASX: WSP)

Another note out of Ord Minnett reveals that its analysts have retained their buy rating and lifted their price target on this cloud communications platform provider’s shares to $4.30. According to the note, the broker was pleased with its performance during the fourth quarter and feels that its new customer additions will be supportive of further solid growth in FY 2022. It has also been pleased with its early success in the United States market, which provides it with a significant growth opportunity. The Whispir share price was fetching at $2.83.

Zip Co Ltd (ASX: Z1P)

Analysts at Citi have retained their buy rating and $10.25 price target on this buy now pay later (BNPL) provider’s shares. This follows the release of Zip’s fourth quarter update last week. According to the note, the broker was pleased with Zip’s performance during the quarter. Citi notes that Zip’s transaction volume and revenue came in ahead of its expectations. The broker suspects that the weakness in the Zip share price post-release was driven by the lack of commentary on potential M&A interest. The Zip share price ended the week at $7.09.

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

More reading

• Brokers name 3 ASX shares to buy today
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• Zip share price falls, Pilbara Minerals flies. And the BHP share price gets a Tesla bounce. Scott Phillips on Nine’s Late News

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 Reliance Worldwide Corporation Limited, Whispir Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited and Whispir 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 Mineral Resources Limited (ASX: MIN) share price has been one of the best performers on the S&P/ASX 200 Index (ASX: XJO) over the last month.

Since this time in June, the mining and mining services company’s shares have risen a sizeable 20%.

This means Mineral Resources shares are now up 60% since the start of the year.

Why is the Mineral Resources share price up 27% in a month?

Investors have been bidding Mineral Resources shares higher over the last month after some positive comments by a leading broker.

According to a note out of Macquarie from last month, the broker reiterated its outperform rating and lifted its price target by 20% to $73.00. It then followed this up with a 4% increase to $76.00 earlier this month.

Based on the latest Mineral Resources share price of $61.79, this implies potential upside of 18% over the next 12 months even after its strong recent gains.

Why is Macquarie bullish?

Macquarie is bullish on the Mineral Resources share price due to the company’s exposure to iron ore and lithium.

In respect to iron ore, the company’s portfolio includes the Iron Valley Iron Ore project and the Koolyanobbing Iron Ore project in Western Australia.

Whereas for lithium, Mineral Resources’ Wodgina operation is one of the largest known hard rock lithium deposits in the world with a production life of over 30 years. It also has the Mt Marion Lithium project in its portfolio. This project is operated by Mineral Resources under a life-of-mine mining services contract and is jointly owned by it and Jiangxi Ganfeng Lithium.

Big dividends

Macquarie is also forecasting some big dividends from Mineral Resources, potentially making it an attractive option for income investors.

Its analysts have pencilled in fully franked dividends of $3.37 per share in FY 2021 and then $3.09 per share in FY 2022. Based on the current Mineral Resources share price, this will mean yields of 5.5% and 5%, respectively, over the next couple of years.

This stretches the total potential return on offer to over 23% for investors.

The post Here’s why the Mineral Resources (ASX:MIN) share price is up 27% in the last month appeared first on The Motley Fool Australia.

More reading

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• 2 ASX 200 mining shares that 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. 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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