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The team at Morgans has been busy again picking out its best ASX share ideas for the month of September.

These are the shares that the broker thinks offer the highest risk-adjusted returns over a 12-month timeframe and are supported by a higher-than-average level of confidence.

The first three shares we looked at can be found here. Read on for the next three:

GQG Partners Inc (ASX: GQG)

The first ASX share that Morgans is tipping as a buy is fund manager GQG Partners. Its analysts believe that recent weakness in the GQG share price has left it trading at a very attractive level. The broker commented:

GQG’s strong relative investment outperformance through the current market weakness should solidify the near-term flows outflow. GQG has diversified earnings (by strategy and clients); solid performance track-record; and ongoing growth prospects. In our view, the current ~10x PE (versus a sector medium-term average of ~16x) is attractive.

Morgans has an add rating and $2.02 price target on the company’s shares.

Nextdc Ltd (ASX: NXT)

Another ASX share that the broker rates highly right now is data centre operator NextDC. It is a fan of the company due to its exposure to structural tailwinds that are driving very strong demand for its data centres. It is expecting this to underpin stellar earnings growth in the coming years. The broker said:

Structural demand for cloud and colocation remains incredibly strong. NXT’s new S3 and M3 data centres go live shortly and this should result in significant new customer wins over the next six months (including CSP options being exercised). Sales should drive the share price higher. NXT looks comfortably on-track to generate over $300m of EBITDA in the next three to five years.

Morgans has an add rating and $13.30 price target on NextDC’s shares.

ResMed Inc (ASX: RMD)

A final ASX share that Morgans thinks investors should be buying is sleep treatment company ResMed. The broker is a fan of the company due to its positive long term growth outlook, which is being underpinned by its digital platform. It said:

While we expect the next few quarters to be volatile as COVID-related demand for ventilators continues to slow and core sleep apnoea volumes gradually lift, nothing changes our medium/longer term view that the company remains well-placed as it builds a unique, patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.

Morgans has an add rating and $37.08 price target on ResMed’s shares.

The post Morgans names 3 more of the best ASX shares to buy in September appeared first on The Motley Fool Australia.

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More reading

• Experts say investors should buy these ASX 200 shares
• Leading brokers name 3 ASX shares to buy today
• Broker names 2 excellent ASX growth shares to buy right now
• Experts name 2 top ASX dividend shares to buy next week
• Goldman Sachs tips NextDC share price to rise 40%

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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 financial year 2022 (FY22) was a good year for those invested in BHP Group Ltd (ASX: BHP) shares.

The S&P/ASX 200 Index (ASX: XJO) materials monolith delivered record free cash flow and offered investors $4.63 per share of dividends for the 12 months ended 30 June 2022.

But it wasn’t just the company’s shareholders that benefited from the company’s strong performance.

It added tens of billions of dollars to the Australian economy in FY22.

Let’s take a closer look at the economic value the ‘Big Australian’ brought to the nation last fiscal year.

BHP contributes $79.3b to the Aussie economy

The BHP share price outperformed the ASX 200 last financial year, falling just 3.9% over the period compared to the index’s 10% tumble. Factoring in the company’s dividends, investors boasted a $2.94 per share return over the 12 months ended June.

But the resources giant brought a far bigger benefit to the broader economy – one to the tune of $79.3 billion.

That’s right, between taxes, wages, social investments, and other payments, the company contributed $79.3 billion to the Australian economy in FY22. Let’s break that down.

BHP paid $18.5 billion of taxes, royalties, and other payments to governments last fiscal year at an adjusted effective tax rate of 42.7%, including royalties.

According to BHP’s latest Economic Contribution Report, that makes it one of the nation’s largest corporate taxpayers.

The company expects to account for around 10% of all Australian company tax paid last financial year. Meanwhile, BHP-operated projects appear to have contributed 9% and 13% of all revenue, excluding grants, in Queensland and Western Australia, respectively.

It also spent $16.5 billion with suppliers and paid out $4.6 billion in employee wages in financial year 2022. BHP has nearly 50,000 employees and contractors in Australia.

Another $106 million was put into the company’s social investments.

Finally, it counted the $39.6 billion worth of dividends offered to shareholders and investors as another economic benefit.

Its latest annual economic contribution adds to the company’s impressive decade-long tally. BHP has paid around $90.1 billion in taxes, royalties, and other payments to Australian governments over the last 10 years.

BHP share price snapshot

FY22 saw a strong performance from the BHP share price, but its fortunes have since changed.

The iron ore giant’s stock has fallen 12% since the start of 2022. It’s also currently 11% lower than it was this time last year.

For comparison, the ASX 200 has dumped 10% year to date and 9% over the last 12 months.

The post Own BHP shares? Here’s how much the ASX 200 giant added to the Aussie economy in FY22 appeared first on The Motley Fool Australia.

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More reading

• What are brokers saying about the BHP share price?
• What’s the outlook for the BHP share price in September?
• August’s RBA rate hike saw investors favour Macquarie and BHP shares. Here’s what to expect in September: expert
• Why are BHP shares off and racing on Monday?
• How I’d invest $50,000 in ASX dividend shares for retirement, if I had to start from scratch

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Shares in Medibank Private Ltd (ASX: MPL) are on the back foot today.

This comes despite the private health insurer not releasing any announcements to the ASX.

At the time of writing, Medibank shares are swapping hands at $3.57, down 1.65%.

Let’s take a look at what’s impacting the company’s shares on Wednesday.

Medibank shares final dividend

Investors are offloading Medibank shares after locking in the company’s upcoming final dividend.

Today is the ex-dividend date so those who had Medibank shares in their portfolio before market open will be eligible for the latest dividend.

This means that if you own Medibank shares, you’ll collect a dividend payment of 7.3 cents per share on 29 September.

The dividend is also fully franked.

At this point in time, there is no dividend reinvestment plan (DRP) that is being offered.

Medibank’s capital management objective is to maintain a strong financial risk profile and capacity to meet financial commitments.

The full-year dividend represents an 84.8% payout ratio of underlying net profit after tax (NPAT), normalising for investment market returns. This is at the top end of the group’s dividend target payout ratio range of between 75% and 85% of underlying NPAT.

Medibank share price recap

The Medibank share price has delivered an 8% return to shareholders in 2022.

When compared against the S&P/ASX 200 Financials (ASX: XFJ), the index is down 6% over the same period.

Medibank shares reached an all-time high of $3.79 on 30 August before retracing over the last few days. It appears profit takers took the opportunity to swoop in and lock in their gains.

Based on today’s price, Medibank commands a market capitalisation of approximately $10 billion and has a dividend yield of 3.58%.

The post Why is the Medibank share price slipping on Wednesday? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Ready for a storm: 3 ASX 200 shares with ironclad balance sheets
• Hoping to bag the latest Medibank dividend? Read this
• These 9 ASX 200 shares are going ex-dividend tomorrow
• Can the Medibank share price deliver healthy growth and dividends?

Motley Fool contributor Aaron Teboneras 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 Scott Phillips.

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The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price has struggled over the past few months.

The ASX banking share closed at $22.59 on Tuesday, having clipped another small loss in yesterday’s session.

This year to date, ANZ is down more than 17%, having slipped from previous highs of $27.69 on 20 April.

Are ANZ shares a buy?

Despite its recent troubles on the chart, the ANZ share price has still caught the attention of various brokers recommending stocks to their clients.

The analyst team at Citi recently updated its view on the bank, rating the share a buy with a $29 price target.

Chief to the broker’s call is ANZ’s move to purchase the banking business of Suncorp Group Ltd (ASX: SUN) – a move that it feels will be accretive to the bank’s earnings.

Aside from that, it forecasts dividend growth of 5–7% over the coming two-year period respectively. That’s something to think about.

Meanwhile, Macquarie also revised its rating on ANZ upward today as well, pushing its stance on the share to outperform.

The two brokers join four others in rating ANZ a buy, while another eight recommend holding and one advises investors to sell the bank’s shares, according to Refinitiv Eikon data.

The consensus price target from this list is $25.43, suggesting a small amount of upside potential should the group be correct.

Meanwhile, ASX financials continue to look volatile, and are down nearly 3.5% on the month as a collective, with the S&P/ASX 200 Financials index (ASX: XFJ) down by that much.

The macroeconomic risks of rising interest rates and a weaker economic outlook pose a direct threat to interest income received from the underwriting of credit.

And with the Reserve Bank (RBA) committed to its tightening policy of raising policy rates to reign in the cost of living, be sure that shares like ANZ will remain in the limelight.

The ANZ share price is down 19% over the past 12 months.

The post Down 19% since April, is the ANZ share price in the buy zone? appeared first on The Motley Fool Australia.

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More reading

• Savings or dividends? What these 3 ASX bank shares are offering for income
• Why ASX bank shares are more likely to slowly grind lower than crash, despite famed Wall Street bear saying it’s time to short them
• Why is this top broker tipping 27% upside for the ANZ share price?
• Is this why the Macquarie share price was ‘steaming ahead’ on Friday?
• Why did the ANZ share price go backwards in August?

Motley Fool contributor Zach Bristow 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 Scott Phillips.

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Coal prices are soaring. Coal miners are experiencing boom times. Is there a way to invest in an S&P/ASX 200 Index (ASX: XJO) share and get exposure to this without directly owning a coal miner? There is, which I’ll get to in a minute.

Coal is not exactly a new energy source. Yet, the resource is seeing record prices. That’s because countries are paying big bucks to try to attain sources of energy for what could be a tricky next few months as the northern hemisphere goes into winter.

With Russia shutting down a key pipeline that transports gas to Europe, there could be even stronger demand for coal in the coming months.

ASX 200 shares like Whitehaven Coal Ltd (ASX: WHC) and New Hope Corporation Limited (ASX: NHC) are benefitting from the strong coal prices. This is resulting in big profits and large dividends for shareholders.

But what if investors don’t want to directly buy a coal miner, but are still wanting to benefit from the strong coal price? I think there’s an answer.

It’s through ASX 200 share Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

The investment conglomerate has been operating for over a century. Its long-term investment strategies have meant that it has been able to ride a few different trends.

Soul Pattinson’s key coal exposure

At the time of writing, the investment conglomerate owns 39.9% of New Hope.

A key part of New Hope is its Bengalla operations. Despite being impacted by weather and COVID-related shortages, Bengalla performed “strongly” in FY22. Saleable coal production was only down 3% compared to FY21.

In its latest quarterly update, New Hope said that:

Given the unprecedented demand for Bengalla’s high-quality product, the focus for FY23 is to prepare for an increase in current production levels. This supports the view that demand for high-quality, low emission thermal coal will remain strong, and coupled with Bengalla’s position on the cost curve, the benefit to the company is significant.

A warmer than expected northern hemisphere summer increased coal burn, with customers now focused on replenishment of stock before the onset of winter. Australian domestic coal demand particularly in NSW continues to be very strong, and the company has sold further coal into the domestic market in addition to existing contracted domestic supply. With security of supply paramount into our key markets, our forward sales book remains heavily sold in the coming 12 months.

How this can benefit shareholders

Every half-year, Soul Pattinson declares a dividend for shareholders. The cash the ASX 200 share uses to pay the dividend comes from its portfolio of assets. These include shareholdings such as New Hope, TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW) and Macquarie Group Ltd (ASX: MQG).

In the six months to 31 January 2022, which was before the Russian invasion of Ukraine, Soul Pattinson generated $182.6 million of net cash flow from its investments. It generated $153 million of regular profit after tax. New Hope’s dividends were $23.2 million of this, and the upcoming New Hope dividends could be much larger than that.

In other words, a sizeable portion of the Soul Pattinson dividend is currently funded by dividends from New Hope’s coal mining.

However, the ASX 200 investment share isn’t paying out 100% of its cash flow as a dividend, so some of the New Hope dividend could be saved and reinvested into more opportunities.

In the FY22 half-year result, Soul Pattinson had a dividend payout ratio of its regular operating cash flows of 57.32%.

Share price snapshot

Since the beginning of 2022, the Soul Pattinson share price has dropped 15%, while the New Hope share price has risen 146%.

The post Why this ASX 200 share could be a great way to indirectly profit from booming coal prices appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $50,000 in ASX dividend shares for retirement, if I had to start from scratch
• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Top ASX dividend shares to buy in August 2022
• ‘Capital light and scalable’: Expert picks 2 ASX shares to buy now while CHEAP
• Acquisitions ahoy: Soul Pattinson share price in focus

Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Macquarie Group Limited and TPG Telecom Limited. 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

Tesla (NASDAQ: TSLA) shares have dropped more than 10% since President Biden signed the inflation Reduction Act (IRA) into law in mid-August. But one analyst thinks investors are missing an opportunity thanks to incentives in the new law. That call helped move Tesla stock as much as 2.1% higher today. As of 1:18 p.m. ET, the stock held on to a gain of 0.8%. 

So what

Wolfe Research analyst Rod Lache upgraded shares of Tesla to a buy rating today, and said he thinks shares are worth $360, according to Barron’s. Lache previously rated shares a hold, and his price target implies upside of 33% over Friday’s closing share price. 

Now what

The analyst thinks the IRA will be a catalyst to more quickly boost EV penetration in the U.S. The law contains incentives for consumers to receive tax credits when buying EVs, with certain restrictions that include retail price and adjusted gross income. But one restriction it removed was the credit that ended for vehicles bought from manufacturers once that company sold more than 200,000 electric vehicles. 

Tesla had long ago crossed that limit, but now some of its vehicles will once again qualify for tax credits for buyers. Lache previously estimated EVs would represent 10% of new car sales in the U.S. by 2025, but now thinks that will be 20%. 

With Tesla shares down double-digits since that legislation was signed into law, the analyst thinks now is a good time to buy the stock. Not all of Tesla’s models will qualify for a $7,500 tax credit, but buyers can include the $55,000 retail car price limit and other restrictions into their decision-making process. The bottom line should be more EVs on the roads over the next several years, and that should be good news for the industry leader. 

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

The post Why Tesla shares moved higher today appeared first on The Motley Fool Australia.

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More reading

• Where does Tesla get its lithium and do any ASX shares benefit?
• Why Tesla shares dropped today
• Why Tesla stock dropped Monday morning
• Why Tesla shares rose today ahead of the stock split
• Tesla stock is rising ahead of its stock split

Howard Smith 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 Tesla. 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.

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

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The National Australia Bank Ltd (ASX: NAB) share price could be in for a boost in the near term, according to one top broker.

In addition to that, the broker is tipping the ‘big four’ bank to grow its full-year dividends a whopping 34% by financial year 2024.

The NAB share price last traded at $30.24.

Let’s take a closer look at what top broker Goldman Sachs is forecasting for the S&P/ASX 200 Index (ASX: XJO) banking favourite.

Top broker tips 15% upside for NAB stock

Goldman Sachs is a fan of NAB shares due to the company’s overweight exposure to commercial lending, my Fool colleague James reports.

The broker believes momentum will favour commercial volumes more than housing volumes over the next 12 months. It tips NAB as the best buy for investors to garner exposure to such a thematic.

On the back of its bullish predictions, Goldman Sachs has slapped NAB shares with a $34.63 price target and a buy rating. That represents a potential 14.52% upside.

And that’s not all. The broker also expects NAB shares to offer $1.50 per share of dividends in financial year 2023. That number is tipped to rise to $1.70 per share in financial year 2024.

For comparison, the bank offered investors $1.27 per share in dividends over the course of financial year 2021.

As it adheres to a fiscal year ending 30 September, that’s the last full year the company has so far reported on.

Goldman Sachs’ dividend prediction means the broker is expecting NAB to grow its dividends by a whopping 33.86% over the coming years – certainly nothing to scoff at.

NAB share price snapshot

The NAB share price has outperformed through 2022 so far.

It has gained 3% since the start of the year. It’s also 5.5% higher than it was this time last year.

For comparison, the ASX 200 has dumped 10% year to date and 9% over the last 12 months.

The post NAB shares offer 15% upside and growing dividends: broker appeared first on The Motley Fool Australia.

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More reading

• Experts say these 2 ASX dividend shares are buys
• Why ASX bank shares are more likely to slowly grind lower than crash, despite famed Wall Street bear saying it’s time to short them
• Are NAB shares worth buying in September?
• Is this why the Macquarie share price was ‘steaming ahead’ on Friday?
• Why is the ASX 200 diving 2% on Tuesday?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. 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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The Woodside Energy Group Ltd (ASX: WDS) share price has continued to nudge higher in recent times.

Favourable market conditions, such as increases in energy prices, led the company to report a robust H1 2022 result.

Subsequently, the board declared its biggest dividend to investors since 2014.

At US 109 cents (AU$1.60) per share, this represents a 263% increase on the prior corresponding period.

Furthermore, the last two dividends have totalled US 214 cents, which is extremely significant given the share trades around the $35 mark.

This means that the current trailing dividend yield for Woodside shares stands at an attractive 9%.

Let’s look at the details you need to know about the upcoming dividend.

Time is running out to secure the Woodside dividend

The Woodside share price could receive a short-term boost today as investors look to scoop up the company’s interim dividend.

The ex-dividend date is tomorrow, Thursday 8 September.

This means you have until the end of today to buy the energy producer’s shares to be eligible for the dividend – provided you keep them until Thursday morning.

Remember to note that when the ex-dividend approaches, the share price will likely fall in proportion to the dividend paid out. However, this can also fluctuate depending on how the market is performing for the day, investor sentiment, and, in Woodside’s case, the price of oil.

If you manage to buy Woodside shares in time, you’ll receive the dividend payment on 6 October.

Furthermore, there is a dividend reinvestment plan (DRP) should you wish to add more Woodside shares to your holdings. Although the exact price for each DRP share hasn’t been released yet.

Eligible shareholders have until 12 September to elect to the DRP.

Woodside share price snapshot

Soaring energy prices have fuelled the Woodside share price to travel 60% higher in 2022, and 80% over the last 12 months.

At yesterday’s market close, the energy giant’s shares finished at $35.08 apiece – a gain of 13% this week.

In comparison, the S&P/ASX 200 Energy Index (ASX: XJR) is up 42% this year, but flat since this time last week.

Woodside commands a market capitalisation of approximately $66.61 billion.

The post Hoping to pocket the monster Woodside dividend? Read this appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• What happened to Woodside shares on Tuesday?
• ‘We would like to see faster progress’: ASX 200 energy shares on notice
• The Woodside share price has gained under 5% in 10 years. Does the latest monster dividend make up for this?
• How are ASX 200 energy stocks performing on Tuesday?

Motley Fool contributor Aaron Teboneras 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 Scott Phillips.

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In the wake of ASX reporting season, we’ve seen droves of companies in the S&P/ASX All Ordinaries Index (ASX: XAO) turn ex-dividend in recent weeks.

When a company’s shares turn ex-dividend, they no longer trade with the recent dividend payment attached to it.

The highest-profile ASX All Ords share turning ex-dividend tomorrow is Woodside Energy Group Ltd (ASX: WDS). You’ll find everything you need to know about the latest Woodside dividend in our recent coverage here.

But there are some other ASX All Ords shares with notable dividend yields that are also going ex-dividend tomorrow. Let’s check them out.

Perpetual Limited (ASX: PPT)

ASX financials share Perpetual recently announced a fully franked final dividend of 97 cents, which will be paid on 30 September. A dividend reinvestment plan (DRP) is also available.

Perpetual delivered 20% revenue growth in FY22, benefitting from both organic and acquisitive growth. Underlying net profit after tax (NPAT) grew by a similar amount, helping Perpetual to lift its full-year dividends by 16% over the prior year.

This puts Perpetual shares on a sizeable trailing dividend yield of 7.9%, which grosses up to 11.3%, including franking credits.

In other news, after months of negotiations, the company looks set to acquire rival fund manager Pendal Group Ltd (ASX: PDL). Pendal’s board is unanimously supporting Perpetual’s $2.5 billion takeover bid.

Smartgroup Corporation Ltd (ASX: SIQ)

Today will be the final day for investors to bag Smartgroup’s fully franked interim dividend of 17 cents. The company has pencilled in the payment date for 23 September.

This interim dividend is 3% lower than the interim dividend declared in 2021.

In the first half of FY22, Smartgroup’s revenue climbed by 4%, while adjusted NPAT swung the other way, dropping by 4%.

Smartgroup shares are currently flashing a trailing 12-month dividend yield of 11.1%. However, the company’s final dividend earlier in the year included a special dividend of 30 cents.

But even excluding this special dividend, Smartgroup shares are still sporting a notable trailing dividend yield of 6.1%. With the benefit of franking credits, this grosses up to 8.7%.

Peter Warren Automotive Holdings Ltd (ASX: PWR)

Peter Warren shares will be trading tomorrow without a fully franked final dividend of 13 cents, which will be paid on 7 October.

The ASX car dealership group delivered 6% revenue growth and 37% underlying NPAT growth in FY22. This growth was primarily driven by the acquisition of Penfold Motor Group, which was completed in December 2021.

After listing last year, Peter Warren declared maiden dividends in FY22, with the total coming in at 22 cents. This represents a dividend payout ratio of 67% of NPAT.

Peter Warren shares are currently trading on a trailing dividend yield of 8.1% or 11.6% grossed up. 

Resimac Group Ltd (ASX: RMC)

Shares in mortgage business Resimac will be trading tomorrow without a fully franked final dividend of 4 cents. The company has set the payment date for 23 September.

The mortgage lending business posted double-digit growth in home loan assets under management in FY22. But NPAT growth couldn’t follow suit, dropping 5% on the prior year.

Nonetheless, the ASX All Ords share lifted its full-year dividends by 25% after bumping up its dividend payout ratio from 24% of NPAT in FY21 to 32% in FY22. 

Resimac shares are printing a trailing dividend yield of 6.7%. Throwing in franking credits, this yield cranks up to 9.6%. 

Monash IVF Group Ltd (ASX: MVF)

Finally, Monash IVF is another ASX All Ords share turning ex-dividend tomorrow. Shares will be trading without a fully franked final dividend of 2.2 cents, which will be paid on 7 October.

Monash IVF delivered 5% revenue growth in FY22, driven by price increases in the domestic assisted reproductive services (ARS) segment. 

Despite underlying NPAT slightly retreating in FY22, the company still raised its total dividends by 5% to 4.4 cents.

This puts Monash IVF shares on a trailing dividend yield of 4.4%, which grosses up to 6.3%.

The post 5 ASX All Ords shares trading ex-dividend on Thursday appeared first on The Motley Fool Australia.

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• Why these 3 ASX shares could be in for a massive boost this month
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Motley Fool contributor Cathryn Goh 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 positions in and has recommended SMARTGROUP DEF SET. 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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When you first start investing, you might look for high risk, high reward growth shares. You can do this because if things don’t go to plan, you have plenty of time to recover from your losses.

But when you’re in retirement or approaching it, investors may be better focusing on income and capital preservation.

With that in mind, listed below are two ASX shares that could be good options for retirees. Here’s what you need to know about them:

Telstra Corporation Ltd (ASX: TLS)

The first option for investors to consider for a retirement portfolio is Telstra. After a difficult decade of falling earnings and dividend cuts, the tide is finally turning for the telco giant. In fact, last month the company’s results for FY 2022 revealed a return to growth and a surprise dividend increase.

Looking ahead, with its T25 strategy now in place, management is aiming for high-teens underlying earnings per share compound annual growth rates from FY 2021 to FY 2025. This could be supportive of further dividend increases in the coming years, potentially providing retirees with a growing income stream.

The team at Morgans are positive on the telco giant. Its analysts currently have an add rating and $4.60 price target on the company’s shares. Morgans is also forecasting another 16.5 cents per share dividend in FY 2023, which equates to a 4.2% dividend yield.

Woolworths Limited (ASX: WOW)

Another option to consider for your retirement portfolio is retail conglomerate Woolworths.

It could be worth considering due to its strong brands, entrenched customer base, and defensive qualities. The latter could come in particularly handy if the Australian economy falls into a recession in the next 12 months.

Another positive is its digital and omni-channel advantage. This bodes well for the future and is a big reason why Goldman Sachs is so bullish on the company. The broker expects it to drive further market share and margin gains.

Goldman currently has a conviction buy rating and $44.10 price target on the company’s shares. It is also forecasting fully franked dividend yields of 3%+ in the coming years.

The post Brokers name 2 ASX 200 shares to buy for a retirement portfolio appeared first on The Motley Fool Australia.

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More reading

• Should all ASX investors be buying defensive shares right now?
• Woolworths share price edges higher as shareholders green light MyDeal takeover
• Should you buy Telstra shares after the telco ‘comfortably turned the corner’?
• 5 things to watch on the ASX 200 on Tuesday
• Are Woolworths shares good value in September?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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