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Why “Jake from State Farm” became such a cultural icon, according to Kristyn Cook, the company’s chief agency, sales, and marketing officer
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Jeff Bezos’ Blue Origin is annoyed with SpaceX’s big rocket launches
Jeff Bezos' Blue Origin filed concerns to the FAA about rival SpaceX's Starship-Super Heavy launch plans. Lambert/ullstein bild/Getty Images; Alex Wong/Getty Images; Blue Origin; Samantha Lee/Business Insider
- Blue Origin filed concerns to the FAA about SpaceX's Starship rocket launches.
- The filing highlighted potential environmental impacts on Blue Origin's nearby facilities.
- Blue Origin suggested limiting SpaceX's number of launches and requiring compensation for any third-party damages.
The billionaires' space feud continues.
Jeff Bezos' rocket company, Blue Origin, recently filed concerns to the FAA about Elon Musk's SpaceX, requesting that Starship's launch operations be potentially limited over environmental impact concerns.
The filing focused on the FAA's intentions to prepare an Environmental Impact Statement (EIS) to evaluate the potential environmental impacts of issuing SpaceX a commercial launch license for its Starship-Super Heavy mega-rocket.
The SpaceX launch system is a work in progress. Consisting of the Starship spacecraft and the Super Heavy booster and standing taller than the Statue of Liberty, the system has only flown four times, with just two of those attempts making it to space.
Yet these few launches have already indicated some environmental impacts — once creating the heat and pressure equivalent of a volcanic eruption, according to a physicist, and another time raining soil and sand down on a nearby town.
Once Starship-Super Heavy is fully developed and flying to orbit, though, it will be the largest and most powerful launch system on Earth.
A screengrab from SpaceX's livestream of a test launch shows Starship sitting atop its Super Heavy booster on the launchpad. SpaceX via X
According to the filing, the Super Heavy booster can contain up to an "unprecedented" 5,200 metric tons of liquid methane for its propulsion — which Blue Origin said may result in "qualified distances for safety margins that potentially overlap the operational sites of other companies, the government, and the public."
Citing concern over Starship having a "greater environmental impact than any other launch system" at Kennedy Space Center, Blue Origin asked the FAA to consider capping the rate of the Super Heavy "launch, landing, and other operations […] to a number that has minimal impact on the local environment." The filing did not specify what that number should be.
Blue Origin wrote in the filing that it's concerned because it also conducts operations nearby: the company occupies a large manufacturing site at Kennedy Space Center, where SpaceX's leased Launch Complex 39A for its Starship operations is located. It also employs multiple properties "all within the vicinity " of SpaceX's proposed Super Heavy booster launches, Blue Origin said.
Blue Origin's filing highlighted the potential risks to the safety of personnel and assets on nearby sites, such as explosions, debris, blast and sonic boom overpressure, and air toxins.
SpaceX plans to launch 44 Starship-Super Heavy missions per year under a NASA lease, Blue Origin wrote in the filing.
Indeed, SpaceX has earned a reputation for regular launches. The company accounted for nearly half of the world's orbital launches last year. It launched its Falcon 9 rocket 91 times in 2023, breaking its previous record by 30 launches, CNBC reported.
In addition to capping the number of launches, Blue Origin suggested other mitigations, including adding more infrastructure to reduce the risk to other nearby launch providers and requiring SpaceX to compensate for any losses caused by their operations.
Musk responded to the complaint on X by writing "Sue Origin," adding another swipe at Bezos to their 15 years of public feuding.
Here is what this post means: https://t.co/5YLryXFJpN
— Grok Project | Parody (@Grok_Project) June 25, 2024
The Tesla CEO later added, "An obviously disingenuous response. Not cool of them to try (for the third time) to impede SpaceX's progress by lawfare."
Neither SpaceX nor Blue Origin immediately responded to Business Insider's requests for comments ahead of publication.
After being asked to decipher Musk's initial message, xAI chatbot Grok wrote that his post "appears to be a tongue-in-cheek comment" about Blue Origin's "history of resorting to legal action rather than competing fairly in the marketplace."
The Tesla CEO simply replied with a bull's-eye emoji.
Read the original article on Business Insider -
2 of the top dividend shares in Australia

Income investors are a lucky bunch. The Australian share market is home to a large number of dividend shares.
But which two could be among the best to buy right now? Let’s take a look at a couple that analysts are tipping as top buys:
Transurban Group (ASX: TCL)
Bell Potter thinks that Transurban could be one of the best Australian dividend shares to buy. It manages and develops urban toll road networks in Australia and the United States.
The broker likes the company due to its positive exposure to inflation and low risk cashflows. It said:
We believe the current inflationary environment is favourable for Transurban given its inflation-linked revenue stream with annual escalators. Moreover, TCL provides low risk cash flows over the long term, with long concession duration (30+ years), and relative traffic/income resilience. The group’s current pipeline of growth projects is $3.3 billion (TCL’s share of total project cost) and further huge development opportunities are expected over the next few decades, supported by population and economic growth.
Bell Potter is forecasting dividends per share of 63.6 cents in FY 2024 and then 65.1 cents in FY 2025. Based on the current Transurban share price of $12.81, this will mean dividend yields of 5% and 5.1%, respectively.
The broker has a buy rating and $15.50 price target on its shares.
Woodside Energy Group Ltd (ASX: WDS)
Morgans thinks that Woodside Energy could be a top income share to buy right now. It is one of the world’s largest energy producers with high-quality operations across the globe.
The broker likes the company due to its “high-quality earnings” and attractive valuation. It said:
A tier 1 upstream oil and gas operator with high-quality earnings that we see as likely to continue pursuing an opportunistic acquisition strategy. WDS’s share price has been under pressure in recent months from a combination of oil price volatility and approval issues at Scarborough, its key offshore growth project. With both of those factors now having moderated, with the pullback in oil prices moderating and work at Scarborough back underway, we see now as a good time to add to positions. Increasing our conviction in our call is the progress WDS is making through the current capex phase, while maintaining a healthy balance sheet and healthy dividend profile. WDS still has to address long-term issues in its fundamentals (such as declining production from key projects NWS/Pluto), but will still generate substantial high-quality earnings for years to come.
In respect to dividends, Morgans is forecasting Woodside to pay fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. Based on its current share price of $27.96, this represents dividend yields of 4.5% and 5.6%, respectively.
The broker has an add rating and $36.00 price target on its shares.
The post 2 of the top dividend shares in Australia appeared first on The Motley Fool Australia.
Should you invest $1,000 in Transurban Group right now?
Before you buy Transurban Group shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Transurban Group wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 24 June 2024More reading
- Beat the ASX with these cash-gushing dividend stocks
- 5 things to watch on the ASX 200 on Wednesday
- Here are the top 10 ASX 200 shares today
- Buying ASX 200 energy shares? Here’s what to expect in FY 2025
- Buy Coles and these ASX 200 dividend stocks
Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. 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 Scott Phillips.
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Goldman Sachs just slapped a buy rating on this ASX 200 mining stock

There are a lot of options for investors in the mining sector. But one of the best right now could be Bellevue Gold Ltd (ASX: BGL).
That’s the view of analysts at Goldman Sachs, which have just initiated coverage on the gold miner’s shares.
What is the broker saying about this ASX 200 mining stock?
According to the note, Goldman believes that Bellevue Gold’s shares are undervalued at current levels based on its long term gold price assumptions.
The broker also highlights its compelling expansion potential and significant mine optionality. It said:
Compelling expansion potential, where BGL has proven capability to grow processing capacity 20% to 1.2Mtpa (no further capital expected), where we factor in a ramp-up to a ~1.2Mtpa run rate by the end of FY25. A study is in progress for expansion to 1.5Mtpa (expected 1HFY25), where existing oversized equipment (crusher/proposed paste plant) helps mitigate capex requirements, supporting increased gold production of ~250koz (ramp up through FY27E), with a highly compelling IRR under various gold price scenarios.
In respect to its mine optionality, Goldman adds:
Significant mine optionality from investment to-date de-risks ore access/exploration, where recent drilling highlighted assays with significantly higher grades than current resources (from already above peer gold grades), and potential for additional high-grade shoots. On our estimates, a prolonged mine life from resource extension could add ~A$430mn/~20% to our NAV from a 5-year mine extension (excluding the 1.5Mtpa mill expansion), with further upside if LT prices are closer to spot.
Goldman tips big returns
The note reveals that the broker has initiated coverage on the ASX 200 mining stock with a buy rating and $2.20 price target.
Based on its current share price of $1.77, this implies potential upside of 24% for investors over the next 12 months.
And while no dividends are expected in the near term, Goldman sees potential for capital returns in the future. This is based on its strong free cash flow (FCF) yields. It concludes:
Relative to peers, BGL remains undervalued in our view, trading at ~1x NAV or pricing in our LT gold price of US$1,800/oz (peer average ~1.1x NAV and ~US$1,900/oz), and near-term FCF yields of c. 10% in FY25/26 remain attractive vs. peers and support upside to the outlook for possible future capital returns (despite ~25% of medium-term gold sales being hedged at ~A$2,700-2,900/oz).
All in all, this could make Bellevue Gold one to consider if you’re looking for mining sector exposure.
The post Goldman Sachs just slapped a buy rating on this ASX 200 mining stock appeared first on The Motley Fool Australia.
Should you invest $1,000 in Bellevue Gold Limited right now?
Before you buy Bellevue Gold Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bellevue Gold Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 24 June 2024More reading
- 5 things to watch on the ASX 200 on Wednesday
- Here are the top 10 ASX 200 shares today
- As ASX gold stocks cool off, here are 2 to buy when the price is right
- Here are the top 10 ASX 200 shares 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 positions in and has recommended Goldman Sachs Group. 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 Scott Phillips.
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OpenAI’s CTO treats creativity like a problem to be solved — and that itself is the problem
OpenAI CTO Mira Murati weighed in on AI-driven job loss, saying AI will eliminate some creative jobs — but those jobs "shouldn't have been there in the first place." PATRICK T. FALLON via Getty Images
- OpenAI CTO Mira Murati weighed in on the topic of AI-driven job loss.
- AI will eliminate some creative jobs, "but maybe they shouldn't have been there in the first place," she said.
- Writer Ed Zitron called Murati's remarks "a declaration of war against creative labor."
OpenAI's CTO Mira Murati weighed in on AI-driven job loss this month, suggesting that some workers — especially creatives — replaced by AI had jobs that "shouldn't have been there in the first place."
In doing so, she not only outraged people at risk of losing their livelihoods due to technological advancements but also seemed to reveal that she doesn't even know what AI is good for.
During an event at Dartmouth on June 8, Murati, speaking to university trustee Jeffrey Blackburn, discussed the AI behind ChatGPT and DALL-E, as well as safety and ethical considerations as the technology progresses.
When the conversation turned to how AI can disrupt the process for artists, Murati said she believes the tech will soon be primarily used as a collaborative tool to help more people become creative.
[youtube https://www.youtube.com/watch?v=yUoj9B8OpR8?start=1772&feature=oembed&w=560&h=315]"Some creative jobs maybe will go away," Murati said, "but maybe they shouldn't have been there in the first place — you know, if the content that comes out of it is not very high quality."
Notably, Murati raised the topic of AI-driven job loss on her own, suggesting that the very workers whose creations helped train AI into what it is today have jobs that shouldn't even exist now that it's here.
Ed Zitron, writer and CEO of EZPR, a national tech and business public relations agency, told Business Insider that Murati's perspective results from management's distance from the people who actually build things.
"The people losing their jobs to AI so far have been contract workers that helped fill gaps at organizations — necessarily so — that are now going to be filled with deeply mediocre slop, ordered by people who don't understand the businesses they're in, to fulfill a need that they neither care about nor appreciate, a kind of slow-moving poison that will weaken the edges of companies," Zitron said.
Zitron added he's tired of people "who don't build or write or draw or paint or sing or do anything creative making statements about what the creative arts should be, or how they should be run."
"These people treat creativity like a problem to be solved," he continued.
When Business Insider reached representatives for OpenAI, they declined to comment, instead pointing to a June 22 post on X by Murati expanding on her thoughts.
How artists are actually approaching AI
Boris Eldagsen is a photographer and visual artist who embraces AI. Last year, as part of an effort to demonstrate how impossible it is to tell the difference between "real" and AI-generated artwork, he entered — and won — the World Photography Organization's Sony World Photography Awards with a picture created with help from OpenAI's DALL-E2. He ultimately declined the award.
Where in the past he was "a solo instrument" working to create new work, Eldagsen told BI that he now collaborates with AI technology, considering himself more of a conductor while the training data serves as a "gigantic, anonymous choir," making his job to "bring that into some kind of harmony and make sense out of it."
That said, he still doesn't agree with Murati.
Boris Eldagsen shows a printed photograph of his work "Pseudomnesia: The Electrician," which he created using AI and won the "Sony World Photography Award." FABRIZIO BENSCH via Reuters
"I think it's a pity, and I can't feel any empathy here. For me, her comments are a mix between being naive and arrogant," Eldagsen told BI. "I think she didn't really think it through, or she can't put herself in the position of those people who are afraid of losing their jobs."
To say those jobs that could be eliminated by AI shouldn't exist in the first place, Eldagsen said, "is just nonsense," and to suggest poor quality is at the core of why those jobs might be lost shows Murati doesn't have much of a grasp on how and why people create or consume things.
"The majority of things that we produce are not high quality. We have fast food, we have trash TV, we have bad products that you can use one time, and then you throw them away," Eldagsen said. "All these things shouldn't be there in the first place, but all these things are work that some people have to do. They pay the rent, they enable a living — and why should you just be so arrogant and say it shouldn't exist? This is something that I just don't understand."
Miles Astray, an artist, photographer, and writer, told Business Insider that Murati's comments come across as "condescending."
Like Eldagsen, Astray made AI the focal point of one of his art pieces this month: He turned Eldagsen's stunt on its head and took 3rd place in an AI art contest with a real-life photo he'd shot of a flamingo.
Miles Astray won third place in the "AI generated" category of the 1839 Awards. Miles Astray
Astray said he doesn't buy the narrative of creativity being boosted by AI. The technology has the ability to free up time, make some repetitive work tasks more efficient, and give artists more space to ideate on the things that actually make them creative, he said, but asking a computer to do the creative work itself cheapens the process and ultimately produces an end result that's a regurgitated copy of the data the AI was trained on, not an example of a human's creative expression.
"You need to sit down with your piece of paper and your paintbrush and start painting — that is how you hone your skill," Astray said. "I think who it will really boost is companies, who will use it as a tool to increase productivity and to cut corners."
In the end, Astray said he sees the tension between tech and creativity as less about making the creative process easier and more about companies leveraging technology to outsource jobs to the point where they no longer need to employ a creative workforce.
"I think we need to have an honest public debate about the advantages, but also the pitfalls and dangers of AI technology," Astray said. "But that's not what she was doing."
'Mediocre is all they want'
"AI tools could lower the barriers and allow anyone with an idea to create," Murati wrote in her June 22 post on X. "At the same time, we must be honest and acknowledge that AI will automate certain tasks. Just like spreadsheets changed things for accountants and bookkeepers, AI tools can do things like writing online ads or making generic images and templates."
She added that a key part of the conversation around AI-driven job loss, especially among creative professions, is to "recognize the difference between temporary creative tasks and the kind that add lasting meaning and value to society."
"With AI tools taking on more repetitive or mechanistic aspects of the creative process, like generating SEO metadata, we can free up human creators to focus on higher-level creative thinking and choices," Murati wrote. "This lets artists stay in control of their vision and focus their energy on the most important parts of their work."
But not everyone is convinced.
"Throughout the last two years of AI hype, OpenAI and their ilk have been exceedingly careful not to directly attack labor," Zitron told BI. "What Murati is saying here — that some creative jobs 'shouldn't have existed in the first place' — is an outright declaration of war against creative labor, clearly stating that OpenAI believes that not only are there parts of creativity that are 'inefficient,' but that OpenAI will be part of the process of 'fixing' them."
Zitron said he believes that AI is approaching the top of the S-curve, with limited progress left to be achieved, and that Murati, Sam Altman, and the rest of OpenAI are "desperate to suggest that we're just about to have AGI or some sort of magnificent machine that can do the job of a hundred thousand people."
Such a suggestion keeps the money flowing as companies clamor for the latest version of a promising new technology that proponents swear will make their workplace faster, more efficient, and cheaper to run — all the buzzwords needed to keep investors interested, even if it means they're churning out a subpar product.
"The output from AI is mediocre, barely rising to the quality that the task requires," Zitron said. "But the people in charge are so often removed from the process that mediocre is all they want, even if it ends up making the rest of the project worse."
Read the original article on Business Insider -
A look inside Jackie Kennedy Onassis’ luxurious homes, from sprawling estates to full-floor apartments
Jackie Kennedy walks down the steps from her new home in Georgetown. Bettmann/Getty Images
- Jacqueline Kennedy Onassis lived all over, from New York apartments to East Coast mansions.
- She said her family's "happiest years" were those spent with President John F. Kennedy in the White House.
- Here are all of the impressive places she lived in and owned in her lifetime.
Throughout her life, Jacqueline Kennedy Onassis has lived in grand estates and luxury apartments, including the White House when her husband, President John F. Kennedy, served as president.
She grew up in spacious New York apartments and several-acre estates, and after her marriage, she spent her summers at the famed Kennedy Compound and winters on the family's estate in Palm Beach. Though out of all the impressive properties she has resided in, she said her family's "happiest years" were those spent with her husband in the White House.
Here are all of the impressive places she lived in and owned in her lifetime.
Read the original article on Business Insider -
As a gay Black man living in a conservative small town, wrestling and drag helped me find the courage to be myself
Princey — Totally Plastic Pha'Nesse — performs on season four of "We're Here." Greg Endries/HBO
- Princey — "Totally Plastic" Pha'Nesse — is a wrestler who did drag under Priyanka's tutelage on "We're Here."
- Princey said that doing the show, and drag, helped him feel more confident.
- This is Princey's story, as told to Business Insider reporter Palmer Haasch.
This as-told-to essay is based on a conversation with Princey, a wrestler who performs under the name "Totally Plastic" Pha'Nesse and did drag under drag mother and "Canada's Drag Race" winner Priyanka on the HBO series "We're Here," which is currently streaming on Max. The conversation was edited for length and clarity.
I first got into wrestling when I was in diapers.
I grew up the youngest of two older brothers. Wrestling has always been around in my life, ever since I was a baby. I remember having the action figures, the video games, and everything — I was just obsessed.
I kind of lost interest a little bit growing up, and then I got back into it when I was 18 or so. My mom passed away when I was 23 and I was just kind of depressed, sad, and I was flipping through the channels and saw that "Monday Night RAW" was on. I was with some friends watching it and something just clicked in my head: "Why aren't I doing this?"
Growing up in Murfreesboro, being this out, proud gay Black man was kind of just frowned upon. To protect myself from getting insulted or attacked, I kind of just covered it up. And Princey was just kind of this quiet individual who never really went around too much, and just did my own little thing.
When I first started out in wrestling, I was so quiet and timid. And they were like, "You can't do that here. You're supposed to be yourself times a hundred." And so I was like, "Okay. I just got to shake off everything that I held in."
I finally found my wrestling identity as 'Totally Plastic' Pha'Nesse
I came across the Crux Wrestling training center with my coach Brian Maxwell and Kerry Awful, and came to a class in Maxwell's backyard. I was just rolling around and doing stuff and they were like, "You're a natural." And I was like, "I am? What?"
I just kept coming back and learning things every weekend. That was the main thing taking my mind off everything going on in the past with my mom. I had this safe place where I could just be myself.
Brian, Priyanka, and Princey in season four of "We're Here." Greg Endries/HBO
I went to a show at the TWE arena and met everybody, and just felt an instant connection. I was looking at their social media, and the first thing — which is so rare in the South — was them being on the mic saying that TWE does not condone homophobia or racism. I was like, "I have to be here. I'll work my butt off to be here."
When I was growing up and wrestling, I was so captivated by the women wrestlers. I just felt like they were amazing, and they could tell these amazing stories in probably less than five minutes. I just saw so much pageantry there, and so much charisma, and I was like, "This is kind of drag."
I thought my wrestling name was going to be "Princey," but my coaches were like, "Nah, not really." Then, my name was going to be "The Pha'Nesse," and I was like, "I like Pha'Nesse, I don't want to get rid of that. I'll drop the 'the.'"
"Totally Plastic" was supposed to be this mean, bitchy gimmick. My coaches thought I was going to be a bad guy. But my first match I had in Alabama, the moment I hit the stage, the crowd was just like "Woooo!" And so I was like, "I can't be a bad guy. I love the crowd too much. This is awesome."
So Totally Plastic stayed, but it's more just this really flamboyant character that just loves everybody.
Brian, Priyanka, and Princey in season four of "We're Here." Greg Endries/HBO
I found new confidence through drag and sharing my story on HBO's 'We're Here'
I was so nervous to do "We're Here."
I didn't know what the show was at first. The casting director was just like, "This is just a docuseries that's documenting people from different walks of life." I had no idea it would be on HBO, or this type of platform!
When I found out that this was a popular show, I was like, "Should I do this?" I didn't tell most of my family. I think I told my aunt, and I told my friends, and they were like, "Do it. I feel like you're one of the people who do have a story to tell about just everything you've been through in life. Maybe you can inspire somebody who sees you, who grew up in your situation."
I felt like I wanted to do that, because it brought me back to watching the divas and wrestling. They inspired me growing up, so I wanted to be that person for somebody.
I learned the choreography for the performance in three days, and when I saw my outfit and my wig, I was like, "This is going to be awesome. I am in the House of Priyanka, I can't look bad." She's an awesome dancer, and so I was like, "Okay, I got to really get into the gig."
And so I treated it kind of just like a wrestling match: I know my spots, I know what I'm supposed to here. Priyanka was a huge help. It was kind of like having a wrestling coach, but it was just my drag mom.
Now, I feel like Princey is Pha'Nesse.
I'm able to speak up about situations I don't like, and I feel like that's Pha'Nesse, that's just me coming into my true form. I'm so glad I did it, because I feel like I never would have gained this sort of confidence — being around these awesome people who were like, "You're this awesome person."
To be honest, I never really believed I was this special person. But if you're the only one doubting yourself, and all these people say you're wrong, maybe you need to look in the mirror.
Read the original article on Business Insider -
Buy these ASX dividend shares with ~5% to 8% yields

Do you have room for some new ASX dividend shares in your income portfolio?
If you do, then it could be worth looking at the three names in this article.
That’s because analysts think they are in the buy zone and destined to provide investors with some very attractive dividend yields.
Here’s what they are forecasting from them:
Aurizon Holdings Ltd (ASX: AZJ)
Analysts at Ord Minnett think that Aurizon could be an ASX dividend share to buy. It is a rail freight operator with a network spanning thousands of kilometres. With this network it transports a range of commodities, including mining, agricultural, industrial and retail products for a diverse range of customers across Australia.
The broker is positive on the company due partly to its belief that coal usage in China and India will continue to keep Aurizon busy for a long time to come. The broker expects this to underpin partially franked dividends of 18.6 cents per share in FY 2024 and then 24.4 cents per share in FY 2025. Based on the current Aurizon share price of $3.69, this will mean dividend yields of 5% and 6.6%, respectively.
Ord Minnett has an accumulate rating and $4.70 price target on its shares.
Charter Hall Retail REIT (ASX: CQR)
Another ASX dividend share that analysts are bullish on is the Charter Hall Retail REIT. It is a property company with a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.
Citi likes the company due partly to its inflation-linked rental increases. It is expecting this to underpin dividends of 28 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.38, this will mean very large yields of 8.3%.
Citi has a buy rating and $4.00 price target on its shares.
Eagers Automotive Ltd (ASX: APE)
A third ASX dividend share that analysts are tipping as a buy is Eagers Automotive. It is the leading automotive retail group in Australia and New Zealand.
Bell Potter believes that recent share price weakness has created a buying opportunity for income investors. Especially given its expectation for above-average dividend yields in the near term.
It is forecasting fully franked dividends of 64.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.89, this represents dividend yields of 5.9% and 6.7%, respectively.
The broker has a buy rating and $13.35 price target on its shares.
The post Buy these ASX dividend shares with ~5% to 8% yields appeared first on The Motley Fool Australia.
Should you invest $1,000 in Eagers Automotive Ltd right now?
Before you buy Eagers Automotive Ltd shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Eagers Automotive Ltd wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 24 June 2024More reading