Tag: Motley Fool

If you are looking to boost your income with some dividend shares, then two listed below could be worth considering.

Both of these dividend shares are expected to provide investors with growing yields in the near term. Here’s what you need to know about them:

Collins Foods Ltd (ASX: CKF)

The first ASX dividend share to look at is Collins Foods. It is one of the largest operators of KFC restaurants in Australia with over 260 locations. In addition, it has a growing presence in Europe and a smaller but growing network of Taco Bell restaurants across Australia.

Despite its size, management still sees plenty of room for growth in both the Australian and European markets. It has previously highlighted that it has a significant organic growth pipeline and attractive opportunities to reach scale in KFC Netherlands and Taco Bell Australia, while adding to its core KFC Australia footprint.

This could bode well for the company’s dividends in the coming years. Morgans certainly appears to believe this will be the case. Its analysts are forecasting fully franked dividends of 28 cents in FY 2023 and 31 cents in FY 2024. Based on the current Collins Foods share price of $10.06, this will mean yields of 2.8% and 3.1%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that income investors might want to look at is Rural Funds. It is an agricultural focused real estate investment trust (REIT) that owns a high quality portfolio of assets across a range of agricultural industries.

These assets, which are leased to major industry players on long term contracts with periodic rental increases, have positioned Rural Funds perfectly to grow its distribution at a solid rate long into the future.

As a result, management plans to increase its dividend by its annual target rate of 4% in FY 2022 and then again in FY 2023. This will mean a dividend of 11.73 cents per share in FY 2022 and then 12.2 cents in FY 2023. Based on the current Rural Funds share price of $2.64, this represents yields of 4.4% and 4.6%, respectively.

The post Here are top 2 ASX dividend shares with growing yields appeared first on The Motley Fool Australia.

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More reading

• Why I think these 2 ASX dividend shares are ideal for income investors
• Food, money and travel: 3 ASX shares experts rate as buys right now
• Here are top 2 ASX dividend shares with great yields
• Chicken and chips: Experts name 3 ASX shares to buy right now

Motley Fool contributor James Mickleboro has positions in Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Collins Foods Limited. The Motley Fool Australia has positions in and has recommended RURALFUNDS STAPLED. The Motley Fool Australia has recommended Collins Foods 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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Are you wanting to add some new ASX 200 shares to your portfolio next week? If you are, read on.

Two ASX 200 shares that could be worth considering are listed below. Here’s what you need to know about them:

NextDC Ltd (ASX: NXT)

The first ASX 200 share to look at is data centre operator NextDC. Thanks to the structural shift to the cloud, demand for its world class data centre network has been growing at a rapid rate in recent years. This has underpinned strong revenue and operating earnings growth for many years.

Pleasingly, with this shift still ongoing, NextDC has been tipped to continue its positive form long into the future.

Morgans is a big fan of the company and has a buy rating and $13.01 price target on its shares. This compares favourably to the latest NextDC share price of $11.29.

The broker likes the company due to its “substantial structural growth, quality management, significant barrier to entry and, in our view, improving competitive advantage with regional/edge sites.”

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 share to look at is enterprise software provider TechnologyOne. It has been tipped to deliver strong earnings growth over the coming years thanks to its transition to a software-as-a-service (SaaS) focused business.

A recent note out of Bell Potter reveals that its analysts have retained their buy rating and lifted their price target on the company’s shares to $14.25. This compares favourably to the latest TechnologyOne share price of $11.91.

The broker suspects that TechnologyOne could lift its growth targets in the near future thanks to its strong performance and the success of its SaaS transition. It notes that “Technology One has had an annual growth target of 10-15% growth in NPAT for a decade but we believe there is potential for the company to lift this annual target to 15-20% at some stage in the next few years.”

The post Experts name 2 ASX 200 shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• Here are 2 excellent ASX tech shares a top broker says are buys
• $20,000 invested in these ASX shares 10 years ago is worth how much now?
• Worried about how ASX 200 tech shares might perform this earnings season? Here’s what to watch
• Broker tips TechnologyOne share price to shoot 15% higher
• Why are ASX 200 tech shares having such a stellar run today?

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited and SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended SEEK Limited and TechnologyOne 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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One investment class that continues to grow in popularity is exchange traded funds (ETFs).

And it isn’t hard to see why. As well as being an easy way to invest your hard-earned money, they provide you with opportunities that were unattainable a decade ago.

But which of the many ETFs would be good options for investors? Listed below are three that are highly rated:

iShares S&P 500 ETF (ASX: IVV)

The first ETF for investors that could be a buy is the iShares S&P 500 ETF. This ETF aims to provide investors with the performance of the famous S&P 500 index, before fees and expenses. Among the 500 shares that you’ll be owning through this ETF include Amazon, Apple, Berkshire Hathaway, JP Morgan, Johnson & Johnson, Meta, Microsoft, and Tesla.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF that could be a buy is the VanEck Vectors Morningstar Wide Moat ETF. This ETF gives investors access to a diversified portfolio of companies that are deemed to be good value and with sustainable competitive advantages. The latter is something that legendary investor Warren Buffett looks for when he seeks investments. And considering his success, following his lead could be a good idea. The fund’s holdings include Adobe, Alphabet (Google), Blackrock, Boeing, Equifax, and Kellogg.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF that could be a buy is the VanEck Vectors Video Gaming and eSports ETF. This fund gives investors exposure to the growing video game market. This includes companies involved in development, hardware, and esports. Among the companies included in the fund are giants such as graphics processing units company Nvidia, and game developers Activision Blizzard, Electronic Arts, Roblox, and Take-Two.

The post 3 top ETFs for ASX investors to buy next week appeared first on The Motley Fool Australia.

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More reading

• Why I think it’s time to load up on these 2 ASX shares
• 3 ETFs for ASX investors to buy right now
• 2 quality ETFs for ASX investors to buy next week
• 3 things I love about the iShares S&P 500 ETF right now
• I rate these top ASX growth shares as buys in August

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 recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF, VanEck Vectors Morningstar Wide Moat ETF, and iShares Trust – iShares Core S&P 500 ETF. 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 leading investors from Wilson Asset Management (WAM) have told investors about two compelling All Ordinaries Index (ASX: XAO), or All Ords, ASX shares on their radar.

WAM operates several listed investment companies (LICs). Some, like WAM Leaders Ltd (ASX: WLE), focus on larger companies.

WAM Capital Limited (ASX: WAM) targets “the most compelling undervalued growth opportunities in the Australian market”.

Does WAM have a claim of stock-picking pedigree? The WAM Capital portfolio has delivered an investment return of 15.1% per annum since its inception in August 1999. That’s before fees, expenses, and taxes. This gross return outperformed the All Ordinaries Total Accumulation Index (ASX: XAOA) return of 8.2% per annum over the same timeframe.

Here are the two All Ords ASX shares WAM Capital has outlined in its recent monthly update.

AMP Ltd (ASX: AMP)

The fund manager described AMP as a business that’s a provider of superannuation and investment products, financial advice and banking products in Australia and New Zealand.

WAM noted that the AMP share price rose over July 2022, even though it lost the management rights to the AMP Capital Wholesale Office Fund.

The loss of the management rights of this investment vehicle was a “negative outcome” for AMP. However, this was already expected by the market, according to the fund manager.

In explaining its optimistic view on the All Ords ASX share at the current level, WAM said:

We believe the company is undervalued and trading at an attractive discount to its net tangible assets and has the capacity to return a significant amount of capital to shareholders following its divestment program. We remain positive on the outlook for AMP and believe it is currently mispriced in the market after undergoing the sale of its funds management business, Collimate Capital.

Myer Holdings Ltd (ASX: MYR)

WAM pointed out that Myer surprised investors in July with a trading update, revealing full-year earnings guidance that was ahead of market expectations.

The fund manager said that total sales are now expected to grow by between 12.3% and 12.7% compared to FY21. The full year profit is expected to double compared to FY21.

One of the positives from the update, as noted by Wilson Asset Management, was that all categories across Myer’s 58 department stores achieved sales growth. That was despite an environment where consumer confidence is dropping.

Myer has a turnaround plan to keep things driving forwards. The aim is to drive profitability by refurbishing and re-sizing its stores, combined with improving its service standards. WAM says this plan is gathering momentum. The update and turnaround plan reinforced WAM’s positive outlook on the department store ASX All Ords retail share.

The post This fund manager just named 2 unloved ASX All Ords shares as turnaround buys appeared first on The Motley Fool Australia.

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More reading

• Why Myer, South32, Vulcan, and Zip shares are racing higher
• Myer share price rockets 23% as 2022 profit expected to double
• Ardent Leisure share price ‘materially undervalued’: expert

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

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ASX 200 BNPL shares have had a stellar month but is growth the priority or fewer bad debts?

The Block Inc (ASX: SQ2) share price has surged 26% in the past month. Meanwhile, the Zip Co Ltd (ASX: ZIP) has exploded 146% in a month.

Let’s take a look at what is going on at Block.

How is block performing?

Block (ASX: SQ2) acquired Afterpay in February 2022. Block is also listed on the New York Stock Exchange (NYSE). In the second quarter of 2022, Block reported a 29% increase in gross profit to $1.47 billion.

Afterpay delivered US$5.3 billion of total transactions in the quarter. This was a 13% boost. However, as my Foolish colleague Brooke recently reported, fellow BNPL share Zip delivered a 20% transaction increase in the June quarter.

It appears lowering risk could be a focus for Block. Speaking at a conference call following financial results, Block financial officer Amrita Ahuja highlighted how the company’s consumer repayments are improving. She said:

We continue to see healthy consumer repayment behaviour with 95% of instalments paid on time.

Losses on consumer receivables were 1.02% of Gross Merchandise Value (GMV) during the second quarter, an improvement compared to 1.17% in the first quarter, driven by mix shift, as well as enhancements to our risk models and processes during the first half of the year.

Analysts at Credit Suisse have recently maintained an outperform rating on the block share price with a US$125 price target.

Block share price snapshot

The Block share price has fallen 31% in the past year, nearly 24% more than the S&P/ASX 200 Index (ASX: XJO) benchmark.

Block has a market capitalisation of nearly $4.6 billion based on the current share price.

The post Is this ASX 200 BNPL player focused on growth or less risk? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Block, Lake, Mirvac, and QBE shares are racing higher
• Why are ASX 200 tech shares flying higher on Thursday?
• Why has the Block share price exploded 9% on the ASX today?
• Why Block, CBA, Mesoblast, and NAB shares are dropping today

Motley Fool contributor Monica O’Shea 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 Block, Inc. and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Block, 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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Bendigo and Adelaide Bank Ltd (ASX: BEN) shares are an interesting investment decision when it comes to dividends. It’s not just the big four ASX bank shares that pay large dividends to investors each year.

Many investors may already know about Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares.

But, did you know that the last 12 months of Bendigo Bank dividends amount to 53 cents per share? Translating that into a dividend yield, the trailing grossed-up yield is 7.1%. Not too shabby, right?

Dividend growth is expected

Banks are steadily recovering from the impact of COVID-19 on their financials.

Bendigo Bank is no different. Using the estimates on CMC Markets, the regional bank is expected to grow its profit and dividend per share in FY23.

The forecast for earnings per share (EPS) is 85.5 cents in FY23 and the annual dividend per share is expected to be 56.5 cents per share.

In FY24, the dividend is expected to grow again to 59.8 cents per share.

Now, that level of growth is certainly not shooting the lights out. However, a large starting yield with ongoing growth could be attractive.

The FY23 grossed-up dividend yield is therefore expected to be 7.5% and 8% in FY24.

However, there’s more to the investment question than just the dividends and their yield.

What do analysts think of the Bendigo Bank share price?

The Bendigo Bank share price has delivered outperformance in 2022 compared to the other banks.

In 2022, Bendigo Bank has risen by 15%. That compares to:

A 2.6% fall in the CBA share price in 2022.

The NAB share price has risen 4.6%.

The ANZ share price has fallen by 13.5%.

The Westpac share price went up 4.4%

After this period of outperformance, the broker Macquarie rates Bendigo Bank as underperform due to its valuation with a price target of $10. That implies a drop of the Bendigo Bank share price in the mid-single-digits over the next year. It isn’t sure if the regional bank will be successful with its lofty cost goals.

Credit Suisse is a bit more optimistic about the bank. It thinks that the rising Reserve Bank of Australia (RBA) interest rate will help Bendigo Bank’s net interest margin (NIM) over the next couple of financial years, though higher arrears and bad debts will somewhat impact the benefit of this.

My take on investing in Bendigo Bank shares for dividends

I think that Bendigo Bank is doing the right things to try to grow profit, including growing its loan book and hopefully improving its profit margins in the short-to-medium term.

The expected dividends seem compelling from Bendigo Bank. I’m not sure what the long-term profit growth outlook for the ASX bank share or the wider sector looks like. I suppose it partly depends on what happens with inflation and interest rates.

On income alone, Bendigo Bank could be a decent option. But, I do think there could be some other ASX dividend shares that are able to grow their profit and dividend more over the coming years.

The post Should investors buy Bendigo Bank shares for dividends? appeared first on The Motley Fool Australia.

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More reading

• Why Goldman Sachs says the Bendigo and Adelaide Bank share price is great value
• Is the Bendigo Bank share price a buy ahead of next month’s earnings?
• What might ANZ’s Suncorp deal mean for competition among ASX 200 banks?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. 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 Pilbara Minerals Ltd (ASX: PLS) share price has been in fine form in recent weeks.

Since this time last month, the lithium miner’s shares have stormed 31% higher to $3.12.

Can the Pilbara Minerals share price keep rising?

The good news for investors is that the Pilbara Minerals share price rally may not be over just yet.

That’s the view of one leading broker that has just bumped its price target materially higher from previous levels.

According to a note out of Citi, its analysts have retained their buy rating but lifted their price target by 40% to $3.60.

Based on the current Pilbara Minerals share price, this implies potential upside of 15% for investors over the next 12 months.

What did the broker say?

While Citi has reduced its FY 2022 earnings estimate to reflect the company’s recent update, it has given its FY 2023 and FY 2024 estimates a major boost to reflect higher spodumene price assumptions.

The broker explained:

We update our model for the JunQ result and Citi’s higher spodumene deck. JunQ nos were pre-released –see: Cash flows in JunQ. Capex for expansion gets front-end loaded — with new info definitive cash costs of US$462/t CIF ex royalties. FY23 guidance to come with the financial result in August. Key interest at the result will be on capital management; PLS ended JunQ with A$874.2m including letters of credit.

Our EBITDA reduces by 9% in FY22e to A$840m after updating for the result. However, EBITDA lifts materially in FY23e and FY24e given higher spodumene prices. NAV lifts ~16% to A$2.70/sh and our TP lifts 40cps to A$3.60/sh. We stay Buy rated here with expectations of +15% FCF in FY23e.

The post Up 30% in a month, can the Pilbara Minerals share price keep rising? appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Up 52% since June, can the Pilbara Minerals share price extend gains?
• Why is the Lake Resources share price up so much more than other ASX lithium shares today?
• The Pilbara Minerals share price has powered 28% higher in a month. What’s been happening?
• Could this development further energise ASX lithium shares in FY23?

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

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Earlier this week The Motley Fool reported on the ASX share portfolios that should ring alarm bells. 

This time let’s take a look at the opposite — portfolios that are ready to beat the market.

Of course, success is not confined to just these models. But the team at Marcus Today reckon these two styles have a great chance of beating the market:

Portfolio to invest for income

We already heard how useless it is to have a portfolio stuffed solely with large cap ASX shares.

Not only does such a batch have a poor chance of beating the market, it encourages laziness. The investor may not keep track of what’s happening with those businesses, armed with a false sense of security from the big names.

“It may seem normal and sensible, but the truth is that if you’re going to do this ‘moron portfolio’ thing, you’d be better saving yourself from a lot of admin, activity and lost evenings and weekends by just buying market ETFs,” read the Marcus Today blog post.

But converse to that is owning a “big 20” income portfolio.

“Unlike holding a portfolio of twenty big stocks just because they’re big, picking 20 stocks for yield is a sensible use of your time.”

Constructing such a stable requires some intelligent research to pick ASX shares that are high yielding but have relatively low volatility.

Not all income stocks are born the same, the Marcus Today analysts warned.

“Banks are income stocks. They are boring, safe, have high payout ratios and few ambitions. They understand the importance of their dividends to shareholders and will pay them come high water,” the blog read.

“Resources, on the other hand, are cyclical. They offer high yields in the good times but as we found out from Rio Tinto Limited (ASX: RIO) at the last results, not all the time.”

Portfolio to invest for growth

The other model the Marcus Today team favours is owning a portfolio of just five to ten ASX shares and looking after them really well.

“This is probably the most ‘fun’ and intellectual, yet least guesswork way to make money out of stocks,” read the blog.

“The trick is to keep the list short so you know the stocks. Five would be a good number.”

The idea here is that owning five companies that you really know well and closely follow is infinitely better than a portfolio of 20 businesses that you have little idea about.

The stocks are bought with a long-term horizon, then “maybe three or four times” a year the investor would review the portfolio to sell and buy other ones.

“You know them well, get to understand how they trade, what they do, when to buy them and when to sell them.”

This concentrated portfolio is the opposite of another “red flag” the Marcus Today team raised: stock picking anything and everything.

“Trading everything and anything — it involves tips and it invites a lot of volatility, risk and reward,” stated the blog.

“It is for people who don’t have a heart condition. This is riding the stormy seas.”

The post 2 types of stock portfolios primed to beat the market: experts appeared first on The Motley Fool Australia.

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More reading

• ‘Strongest tailwinds in a decade’: Morgans tips Telstra shares as a buy
• Up 12% in 30 days, is the Westpac share price still a buy?
• Can Coles shares deliver 13% growth AND tasty dividends this year?
• Experts name 2 ASX growth shares to buy when the market reopens
• Could this ASX 200 share be heading for a short squeeze?

Motley Fool contributor Tony Yoo 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 Telstra Corporation Ltd (ASX: TLS) share price could be great value after the telco’s full year results.

That’s the view of the team at Morgans, which have reiterated their bullish view on the company’s shares.

What is the broker saying about Telstra’s shares?

According to a note, the broker felt that Telstra delivered a “good result” in FY 2022. It said:

Delivering his last result, CEO Andrew Penn exits Telstra Corporation on a high note. The FY22 result came in at the upper end of guidance (underlying EBITDA +8% YoY), FCF was a beat and TLS raised its dividend (+0.5 cents) for the first time in years.

In light of this and its positive outlook, the broker has retained its add rating and lifted its price target to $4.60.

Based on the current Telstra share price of $4.00, this implies potential upside of 15% for investors over the next 12 months.

In addition, Morgans is now forecasting a 17 cents per share fully franked dividend in FY 2023. If we add this into the equation, this will mean a total return of almost 20% for investors.

‘Strongest tailwinds in a decade’

Morgans is bullish on the Telstra share price largely due to its belief that the company is experiencing its best trading conditions in a decade. It explained:

Telco has the strongest tailwinds in a decade with an increasingly rational market, pricing rises and the criticality of telco increasingly recognised. This combines with an incoming CEO who currently seems unlikely to drastically change the business and the potential for value uplift (potential bids) following the legal restructure. We retain our Add recommendation and our Target Price lifts to $4.60.

The post ‘Strongest tailwinds in a decade’: Morgans tips Telstra shares as a buy appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares on Friday
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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The Westpac Banking Corp (ASX: WBC) share price has had a great month on the market, lifting around 12% in that time.

And despite its recent green streak, many brokers are still predicting gains from the banking giant.

The Westpac share price closed 0.8% higher at $22.66 on Friday.

For context, the S&P/ASX 200 Index (ASX: XJO) finished down 0.54% today while the S&P/ASX 200 Financials Index (ASX: XFJ) slipped 0.22%.

So, what are brokers expecting from the third largest ASX 200 ‘big four’ bank? Let’s take a look.

Does the Westpac share price still offer a notable upside?

The Westpac share price has been on a roll lately, and it still has a decent upside if you ask Goldman Sachs.

The broker has tipped the Westpac share price to reach $26.12, slapping it with a ‘buy’ rating, my Fool colleague James reports. That represents a potential 15% upside on its current price.

The broker believes the company will benefit from rising interest rates and expects it to up its dividends over the coming years.

It’s tipped Westpac to pay shareholders $1.23 of fully franked dividends in financial year 2022 and $1.35 in financial year 2023.

For context, the bank paid out $1.18 per share in financial year 2021. It’s expected to announce its final dividend for financial year 2022 in November.

The team at Morgan Stanley has also recently been bullish on the bank, placing an ‘outperform’ rating on the stock earlier this month.

And while Westpac shares have since surpassed Morgan Stanley’s price target, investors will likely hope its dividend forecast will come true. The broker tipped $1.25 of dividends for financial year 2022 and $1.30 for financial year 2023.

Finally, Citi had a $29 price target and a ‘buy’ rating on Westpac shares last month, representing a potential 28% upside. On top of that, its dividend outlook was the most bullish by far.

It’s expecting the bank’s shareholders to receive $1.23 per share in financial year 2022 and a whopping $1.55 in financial year 2023.

The post Up 12% in 30 days, is the Westpac share price still a buy? appeared first on The Motley Fool Australia.

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More reading

• Top ASX dividend shares to buy in August 2022
• Own Westpac shares? Here’s when the ASX 200 bank will release its FY22 earnings
• Analysts say these ASX dividend shares are top buys
• Own Westpac shares? This broker expects the bank’s dividends to surge 10% by FY23  
• 2 ASX dividend shares that experts rate as buys

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 recommended Westpac Banking Corporation. 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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