The Splitit Ltd (ASX: SPT) share price is dropping lower on Thursday after the release of a trading update.

In early trade the buy now pay later provider’s shares are down 1% to $1.30.

How is Splitit performing?

As with rivals Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P), Splitit performed strongly in November.

According to the release, Splitit achieved record merchant sales volume (MSV) during the Black Friday and Cyber Monday promotional period.

Over the holiday shopping event, the company reported MSV of US$15.3 million. This was an increase of 216% on the same period a year earlier.

This strong finish to the month led to the company reporting year-on-year November MSV growth of 255%.

Unlike Afterpay, which has a reasonably modest average order size, Splitit is being used for higher value items. Management notes that its average order value (AOV) remains above $1,000.

It advised that shoppers are taking advantage of the holiday shopping period to invest in their home and health, using Splitit to make purchases on their credit cards for important items and pay over time.

The company revealed that verticals with the highest volumes over the shopping week include Home, Fitness & Outdoor, and Jewellery & Accessories. The latter had an AOV of ~US$5K, driven by the purchase of diamonds and watches.

Splitit’s CEO, Brad Paterson, commented: “We were delighted to see such exceptional activity this past week. This speaks to the significant need in the market for merchants to offer flexible payment solutions to shoppers. Never has it been more important in retail that shoppers can manage their cash flow without incurring new debt, and we’re proud to partner with so many forward looking eCommerce businesses.”

“We’ve also observed, both through the exceptional November period and via a recent shopper survey, that this holiday shopping event is expanding into a shopping season. Our survey told us 48% of US shoppers who purchased an item made their purchase in the week leading up to Black Friday,” he added.

Customer numbers increase.

Splitit’s total shoppers have now surpassed 410,000 with 48,000 new shoppers added over October and November. Management believes this reflects the growing acceptance of Splitit.

This growth was supported by the company’s recent marketing campaign targeting US consumers.

Splitit has also seen the number of total merchants grow. It now has more than 1,600 on its platform, up 20% over the same two-month period.

This merchant growth is partly due to the company’s recently launched self-onboarding platform, powered by its partnership with Stripe Connect. This allows merchants to start using the Splitit platform in a matter of minutes.

More reading

• Why the Afterpay (ASX:APT) share price continues to dominate
• Is buy now, pay later (BNPL) giving Aussies a headache?

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Westpac Banking Corp (ASX: WBC) share price is edging lower on Thursday following the release of an announcement.

At the time of writing, the banking giant’s shares are down slightly to $20.25.

What did Westpac announce?

This morning Westpac announced that it has entered into an enforceable undertaking with the Australian Prudential Regulation Authority (APRA) in relation to risk governance remediation.

This follows the recent receipt of APRA’s review of risk governance which identified Westpac as having an “immature and reactive risk culture, unclear accountabilities, capability shortfalls and inadequate oversight.”

Westpac’s CEO, Peter King, has acknowledged that significant work is required to address the bank’s shortcomings and is determined to deliver on its risk remediation activities.

He commented: “My top priority is to ensure the bank’s risk culture and management of risk meet the high standards expected of us. We have had constructive discussions with APRA and know we have to deliver a disciplined step change in our management of financial and non-financial risk. While we have made progress in improving our standards, we have much more work to do, and this must be done at pace.”

What is the enforceable undertaking?

The enforceable undertaking includes an integrated remediation plan.

Westpac will develop a plan which describes all major remediation activities related to risk governance. It will also set a clear timeline for implementation and specifies who is accountable for delivery.

The bank will have to submit this plan in writing to APRA within 90 days from the commencement of the enforceable undertaking.

Westpac will also have to provide sufficient funding and resources to implement the plan and establish appropriate governance arrangements.

The enforceable undertaking also requires Westpac to make regular reports. This will see an independent reviewer provide APRA with updates on the effectiveness of the integrated plan within 15 business days from the end of each quarter.

Finally, Westpac will be required to provide clarity on accountability. It will incorporate accountability for the delivery of the integrated plan into relevant Banking Executive Accountability Regime statements and remuneration scorecards.

More reading

• ASX 200 flat on Wednesday
• ASX 200 down 0.2%: Zip’s November update, Mesoblast jumps, Westpac’s asset sale
• Westpac (ASX:WBC) share price edges higher on $725 million general insurance sale
• Banks rejoice: House prices to return to 2019 levels
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Australian unicorn Nuix Limited (ASX: NXL) will list on the ASX on Friday, making more than $1 billion for majority investor Macquarie Group Ltd (ASX: MQG).

Nuix makes analytics software that serves big government and law enforcement agencies. The Sydney company’s flagship product is an unstructured data processor named the Nuix Engine.

The software was even used to process 11.5 million documents during the famous Panama Papers investigation in 2016.

Investors have thus anticipated the float for several years now. 

This year’s blockbuster listing of similarly mysterious US analytics provider Palantir Technologies Inc (NYSE: PLTR) has pumped up the hype for Nuix even more.

Palantir shares floated in October with a reference price of US$7.25 a share. It’s now trading at US$25.67 — a 254% increase in just two months.

Nuix’s initial public offering (IPO) saw shares offered at $5.31, giving it a market capitalisation of $1.69 billion.

However, the company is in a legal dispute with former chief executive Eddie Sheehy in the courts over his past share options. If Nuix loses that case, the market cap will be $1.81 billion due to additional shares.

The Motley Fool contacted Nuix for an interview about the IPO but, at the time of publication, had not received a response.

Macquarie’s biggest deal ever?

The Motley Fool reported in September that Nuix would end up returning Macquarie more than $1 billion after an estimated $100 million to $150 million investment.

There is speculation that the float will end up being Macquarie’s biggest single winning bet.

But the court proceedings against Sheehy remain a dark cloud over potential retail investors.

According to The Australian Financial Review, if Sheehy wins the case in a year or two, Nuix and its shareholders will have a headache regardless of whether the share price has gone south or north.

This is because he will claim damages based on lost opportunity to sell out his stake.

“The shares are floating at $5.31, but if Sheehy wins his case in a year or two and the price meanwhile drops, say 20 per cent for example, then on top of getting his options he will be claiming $24 million damages for his lost opportunity to sell out,” reported the AFR this week.

“This will stretch a company with forecast EBIT of just $27.5 million for 2021.”

If the Nuix share price rockets up like Palantir, Sheehy could be owed a 9-figure amount.

Friday’s listing will be keenly watched by many parties — retail investors, Australia’s tech sector and Sheehy.

Nuix reported revenue of $175.9 million for the 2020 financial year and forecasts $193.5 million for the current year. The company made a net profit of $18.8 million for the 2020 financial year. 

More reading

• CBA (ASX:CBA) and the ASX banks just had an amazing month
• Here’s when your ASX bank dividends are being paid in December
• ASX 200 Weekly Wrap: ASX 200 on track for a top month
• Here are the US shares that CommSec customers are buying
• Macquarie’s model portfolio of ASX stocks to hold in the post-COVID recovery

Motley Fool contributor Tony Yoo owns shares of Macquarie Group Limited. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Shaver Shop Group Ltd (ASX: SSG) share price is on watch after the company provided a business update and announced the buyback of its final six franchise stores.

What could impact the Shaver Shop share price today?

It will be interesting to see what the Shaver Shop share price does today after the company advised it has entered into a definitive agreement to acquire its six remaining franchise stores in New South Wales for $13 million plus stock on hand. The transaction is expected to complete on 1 February 2021. 

Shaver Shop’s Managing Director and CEO, Mr Cameron Fox, said:

We are very excited to be acquiring the last six franchised stores and turning Shaver Shop into a fully owned corporate network. These are powerhouse locations across metro-Sydney that have proven to outperform in online sales growth as well as deliver strong in-store sales results. This completes our franchise buyback strategy, simplifies our business processes and reporting, and in doing so will lead to better outcomes for our customers.

The acquisition will be immediately accretive to the company’s earnings with approximately $1.5 million to $1.6 million being added to net profit after tax (NPAT) in the first full year of ownership. To add some perspective, the company delivered a 44.6% increase in NPAT of $10.6 million in FY20. 

The transaction will be funded with available cash and debt facilities if required. Shaver Shop had approximately $20.6 million net cash with no debt at 30 November 2020. 

Business update 

The Shaver Shop share price and earnings have benefitted considerably from COVID-19 lockdowns. The business update reveals that sales trends in the first quarter of FY21 have continued through October and November after the easing of government restrictions. Total sales for the five months ended 30 November 2020 were up 19.1% to $88.4 million. This growth was underpinned by a 137% increase in online sales, amounting to a 33.2% of total sales in FY21. 

The Shaver Shop share price is up 60% year to date and currently $1.06 at the time of writing. Its shares are only 7% below their 52-week high of $1.16. Shaver Shop’s record sales and profits have translated to a FY20 dividend of 4.8 cents per share or a yield of approximately 2.50% at today’s prices. 

More reading

• Qantas (ASX:QAN) share price in focus after market update
• Serko (ASX:SKO) share price on watch after trading update
• Why Pfizer and BioNTech stocks popped Wednesday
• Ex NRL player lists $530m company on ASX this Friday
• 2 stellar ASX growth shares to buy in December

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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All eyes will be on the Qantas Airways Limited (ASX: QAN) share price this morning after the release of a market update.

What did Qantas announce?

This morning the airline operator provided investors with an update on its expectations for the first half and the full year.

Management advised that it expects to move into recovery mode in the second half of FY 2021 and will start repairing its balance sheet. This is thanks to domestic borders re-opening, cost reduction programs making progress, and the continued strong performance of its Loyalty and Freight divisions.

And while Qantas will report a significant statutory loss in FY 2021, it is expecting to be close to breakeven for underlying EBITDA in the first half and then net free cash flow positive in the second half.

However, as you would expect, this forecast assumes no material domestic border closures. It also assumes no material international travel until at least the end of June 2021.

How strong is the Qantas balance sheet?

The good news for shareholders is that Qantas still has significant liquidity.

As of 30 November, the company had $3.6 billion in available liquidity. This is made up of $2.6 billion in cash and $1 billion in an undrawn revolving credit facility. This facility is expected to be increased by ~$500 million before 31 December to provide additional standby liquidity

Management also notes that a significant backlog of supplier payments and refunds have now been cleared. By 31 December, approximately 50% of the redundancy payments associated with 8,500 job losses will have been made.

Capacity update.

With domestic borders reopening, Qantas is responding by increasing its capacity.

It advised that group domestic capacity will increase to 68% of pre-COVID levels for December, before rising to nearly 80% in the third quarter. This compares with 20% capacity in the first quarter and around 40% in the second quarter.

Management expects this to maintain its current domestic market share of above 70%.

Qantas’ CEO, Alan Joyce, commented: “We’ve seen a vast improvement in trading conditions over the past month as many more people are finally able to travel domestically again. There’s been a rush of bookings as each border restriction lifted, showing that there’s plenty of latent travel demand across both leisure and business sectors.”

“Between Qantas and Jetstar, there were over 200,000 fares sold for flights to Queensland in 72 hours after the border openings with Sydney and Victoria were announced. We’re also seeing people booking several months in advance, which reflects more confidence than we’ve seen for some time,” he explained.

Mr Joyce concluded: “Overall, we’re optimistic about the recovery but we’re also cautious given the various unknowns. We also have a lot of repair work to do on our balance sheet from the extra debt we’ve taken on to get through the past nine months. That’s why we remain focused on delivering on our recovery program, which unfortunately involves following through on some hard decisions to restructure and respond to the new set of circumstances we’re faced with.”

More reading

• Why this fund manager believes Qantas (ASX:QAN) could emerge “larger and more valuable”
• REX Airlines (ASX:REX) share price flies as promotional fares go on sale
• Flight Centre and Mesoblast were among the most traded shares on the ASX last week
• Which ASX travel shares performed the best in November? 
• Qantas (ASX:QAN) axes 2,000 jobs

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Serko Ltd (ASX: SKO) share price will be on watch on Thursday after the release of an update this morning.

What did Serko announce?

This morning the online travel booking and expense management software provider released an update on current trading conditions.

According to the release, the company has been experiencing a gradual improvement in booking volumes following the easing of border restrictions in Australia over the last few weeks.

Serko’s CEO, Darrin Grafton, commented: “Transaction volumes increased to 44% of prior year volumes for the month of November (up from 35% of prior year volumes for the month of October). The past week has seen some daily transaction rates around 50% of prior year volumes.”

“Australian domestic travel increased to 33% of prior year volumes for the month of November (up from 26% of prior year volumes for the month of October),” he added.

Things have been even better across in New Zealand, where volumes are close to pre-COVID levels.

The CEO advised: “New Zealand domestic travel increased to 85% of prior year volumes for the month of November (up from 76% of prior year volumes for the month of October).”

What about the future?

While management acknowledges that future trading patterns remain unknown because of the pandemic, it appears optimistic on the future as travel restrictions ease.

In addition to this, the new agreement with travel booking giant Booking.com is expected to give its performance a boost.

Mr Grafton said: “During our recent earnings announcement we also advised that it was expected that new customers wishing to set-up a business account on the Booking.com website would be directed to the new Booking.com for Business platform powered by Zeno in select markets imminently.”

“We are pleased to confirm that new customers in select global (predominantly English-speaking) markets, are now being directed to the new Booking.com for Business platform powered by Zeno. The rate of new organic sign-ups remain uncertain and will be dependent on local travel restrictions and trends in each relevant market,” he explained.

More reading

• Leading brokers name 3 ASX shares to buy today
• Why a2 Milk, ALS, Centuria Industrial, & Serko shares are dropping lower
• Serko (ASX:SKO) share price drops lower after half year results
• Wilson Asset Management thinks these 2 small cap ASX shares are a buy

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 Serko Ltd. The Motley Fool Australia has recommended Serko Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

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

What happened

Shares of Pfizer Inc (NYSE: PFE) and BioNTech (NASDAQ: BNTX) climbed on Wednesday after the pharmaceutical titan and biotech announced a major development in the battle against COVID-19. As of 2:40 p.m. EST, Pfizer’s and BioNTech’s stocks were up 3% and 5.6%, respectively.

So what

A phase 3 trial showed Pfizer’s and BioNTech’s vaccine candidate BNT162b2 to be as much as 95% effective at preventing COVID-19. And importantly, BNT162b2 was generally well tolerated with no serious safety concerns observed among the study’s participants to date. This promising data prompted the U.K. government to grant emergency authorization for the COVID-19 vaccine. 

“Today’s Emergency Use Authorization in the U.K. marks a historic moment in the fight against COVID-19,” Pfizer CEO Albert Bourla said in a press release. “This authorization is a goal we have been working toward since we first declared that science will win.”

Pfizer and BioNTech have agreed to supply the U.K. with 40 million doses of the vaccine. The healthcare companies will begin delivering the vaccine immediately, with the first doses expected to arrive in the coming days. 

Now what 

The U.K.’s decision is a major step forward in the war against the dangerous disease. COVID-19 case counts remain at alarmingly high levels in many areas of the world. A safe and effective vaccine could help to slow the spread of the disease and eventually help to bring about an end to the pandemic.

Pfizer and BioNTech stand ready to deliver their vaccine to more countries in the weeks ahead. They have requested emergency authorization from health regulators in the U.S. and Europe. The U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) are expected to announce their decisions later this month.

“As we anticipate further authorizations and approvals, we are focused on moving with the same level of urgency to safely supply a high-quality vaccine around the world,” Bourla said. “With thousands of people becoming infected, every day matters in the collective race to end this devastating pandemic.”

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

More reading

• Which ASX travel shares performed the best in November? 
• 3 key advantages Moderna holds over Pfizer and AstraZeneca
• Why AstraZeneca’s potential vaccine is more exciting than you think
• Why Moderna Is Less Risky Than You Think
• With the Moderna (NASDAQ:MRNA) share price blasting up, have the forward-looking markets got it right?

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

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Wes Maas came home to Dubbo after 5 years in Sydney playing reserve-grade rugby league.

He even got to play 2 top-level NRL games for the South Sydney Rabbitohs, but a busted shoulder forced his retirement at the age of 22.

His brothers had attained plumbing and building qualifications. He didn’t have anything when he returned to the central west of NSW.

Now, 18 years later, Maas will become one of the wealthiest self-made Australians when his company MAAS Group Holdings Limited (ASX: MGH) lists on the ASX on Friday.

He will be worth $347 million, according to the initial public offer (IPO) price of $2 per share.

Maas’ materials and equipment services provider business will have a market capitalisation of $529.9 million after raising $82 million through the IPO.

Not bad for a venture that started with one bobcat purchased with all his meagre savings after returning from Sydney.

Unusually for a professional footballer, he had a day job while playing and training in the big city.

“I always worked all the way through, which was not the norm,” Maas told The Motley Fool.

“I worked at a company named Shorco… which was later gobbled up by Coates Hire.”

The shoulder injury meant that he was pushed to the white-collar side of the business, learning about equipment hire contracts and return on capital.

In Dubbo, he hired out that first bobcat to building projects. A tip truck came next, then the business expanded out from there.

Now the MAAS Group runs 4 business segments collectively covering the entire nation, managing 760 pieces of equipment.

A publicly listed founder-led business

Maas told The Motley Fool that new retail investors could take comfort in that many of the people who run the company are also shareholders. 

“Founder-led ASX-listed business, which I would say would be in the top 300 or just outside that, would probably only be a few,” he said.

“We have a lot of skin in the game. Between myself, other founders and the executive staff, we’ll be holding about 75% of the stocks. We’re very invested and we really care about the business.”

Maas said that the moat for the business is that it does most of its work in-house rather than subcontract it out.

“Our model is quite different to others. We do just about everything ourselves,” he said.

“Across all our businesses, we carry at least 80% of the projects in-house – so we don’t have any margin slippage.”

The company is well-diversified across its 4 business units – construction materials, civil construction and hire, real estate, and underground equipment.

“Each segment contributes more than 20% of EBITDA, so we’ve got a fairly even spread,” said Maas.

“They’ve all (each) got a big addressable market.”

Maas Group saw a 16% jump in pro forma revenue from financial year 2019 to 2020. 

The business is already profitable, recording a net profit the last 3 years. The 2020 financial year saw $32.4 million of net profit after tax.

According to the prospectus, Maas Group expects to pay out a dividend yield of 2.5% from the very start.

The IPO was due to take place earlier this year but was withdrawn after the COVID-19 market crash in March.

More reading

• The Sensen (ASX:SNS) share price plummets 10% after AGM
• ASX stock of the day: Sensen Networks (ASX:SNS) rockets 27%

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Fortunately for growth investors, the Australian share market is home to a large number of companies with the potential to grow strongly over the coming years.

Two growth shares that have been tipped for big things are listed below. Here’s why they have been named as buys:

a2 Milk Company Ltd (ASX: A2M)

It has been a difficult few months for a2 Milk Company. Due to significant weakness in the daigou channel and pantry stocking at the height of the pandemic, the company’s sales have deteriorated materially in the first half of FY 2021. Management recently warned that first half revenue is expected to be in the range of NZ$725 million to NZ$775 million. This will be a 3.9% to 10.1% decline over the prior corresponding period.

While this is disappointing, one broker that believes investors should be looking beyond this short term headwind and focusing on its positive long term outlook is Morgans. It recently put an add rating and $17.28 price target on a2 Milk shares. The broker believes recent weakness in the a2 Milk share price is a buying opportunity.

Nearmap Ltd (ASX: NEA)

Nearmap is a leading aerial imagery technology and location data company. Its platform provides businesses with instant access to high resolution aerial imagery, city-scale 3D datasets, and integrated geospatial tools.

Management believes the company is well-placed for growth thanks to its recent capital raising, new growth initiatives, geographic expansion, and the launch of its latest AI product. It is targeting annualised contract value (ACV) growth of 20% to 40% per annum over the long term, with underlying churn of less than 10%.

Analysts at Morgan Stanley are positive on the company’s prospects in the future. The broker recently retained its overweight rating and $3.10 price target on its shares. This compares to the current Nearmap share price of $2.20.

More reading

• Why healthcare, tech and consumer staples shares underperformed the ASX 200 in November
• 10 fantastic ASX shares to buy in December
• 2 exciting mid cap ASX shares to buy
• 2 fantastic ASX growth shares to buy
• Here are the 10 most shorted shares on the ASX

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 Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for some generous dividends to boost your income next year, then you might want to take a look at the ASX shares listed below.

Here’s why these have been named as dividend shares to buy:

Accent Group Ltd (ASX: AX1)

Accent Group is one of Australia’s leading footwear-focused retailers. It owns a wide range of retail store brands such as HYPE DC, Platypus, and The Athlete’s Foot. It also has a couple of new brands, Australian Stylerunner and Pivot, which have just started to open stores.

Although many retailers have struggled this year because of the pandemic, Accent certainly wasn’t one of them. Thanks to its strong market position, in-demand brands, and its growing online business, in FY 2020 the company posted a 7.5% increase in net profit after tax to $58 million. It also recently revealed like for like sales growth of 15.7% for the first 20 weeks of FY 2021 excluding its Auckland and Victorian stores.

Analysts at Morgan Stanley have an overweight rating on its shares and are forecasting a fully franked 9.4 cents per share dividend in FY 2021. Based on the current Accent share price, this represents a 4.3% dividend yield.

BHP Group Ltd (ASX: BHP)

BHP is one of the globe’s biggest miners and the owner of a collection of world class, low cost assets. Pleasingly, thanks to favourable commodity prices, these operations are generating significant free cash flows at present. And given the company’s track record of returning excess free cash flow to shareholders, this bodes well for dividends in FY 2021.

Late last month analysts at Morgan Stanley retained their overweight rating on its shares. They also revealed that they are forecasting a fully franked ~204 cents per share dividend in FY 2021. Based on the latest BHP share price, this equates to a 5.2% dividend yield.

More reading

• Why Rio Tinto (ASX:RIO) and 2 other ASX iron ore mining shares sit at record highs
• Fund managers are snapping up these ASX stocks at a record pace
• 2 growing ASX dividend shares to buy this month
• How the biggest companies are the worst investments
• ASX 200 Weekly Wrap: ASX 200 on track for a top month

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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