Tag: Motley Fool

The Altium Limited (ASX: ALU) share price has tracked lower in 2022 and is now in the red by 42% since the start of the year.

At the time of writing, the electronic design software company’s shares have gained 2.32% on the day to trade at $26.29 apiece.

In broad market moves, the S&P/ASX All Technology Index (ASX: XTX) has also slipped in 2022 — by 38% — but is up 1.73% from the open today.

Altium share price to benefit from chip shortage?

Demand and supply gaps for semiconductor chips have led to global shortages of the product. These shortages have plagued many industries since 2020 when the COVID-19 pandemic began.

“Last year, supply tightness dovetailed with the rebound in consumer and business demand, causing a lot of headaches across the supply chain,” says Counterpoint Research.

It says these shortages are starting to ease, and that inventories are starting to build back up in order to fill demand.

“The issue now isn’t shortages but a shock to the system from lockdowns, which is having a domino effect across China at the moment,” it added.

Nevertheless, analysts at Morgan Stanley note the global semiconductor chip shortage could be a net positive for ASX shares such as Altium.

The Morgan Stanley team reckons the market has overlooked how the company is benefiting from the current supply-chain headwinds plaguing global markets, Hans Lee of Livewire writes.

Specifically, global chip shortages have led to a surge in demand for Altium’s products, it says, which is a potential sales tailwind.

The broker values Altium at $35 per share on a buy recommendation.

There are still plenty of other risks to contend with right now for ASX shares. Plus, with the Altium share price down more than 28% in the last 12 months, it has a way to go before recovering to former highs.

The post Could Altium shares benefit from the global chip shortage? appeared first on The Motley Fool Australia.

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More reading

• Why no news could be good news for the Altium share price
• 5 things to watch on the ASX 200 on Tuesday
• Top brokers name 3 ASX shares to buy next week
• 2 ASX shares I want to buy more of for my portfolio
• Can the Altium share price regain its previous highs in 2022?

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 positions in and has recommended Altium. 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 IGO Ltd (ASX: IGO) share price is in the red in early trade, down 2.7%.

IGO shares closed yesterday trading for $10.41 and are currently trading at $10.13 apiece.

This comes following several price-sensitive updates from the S&P/ASX 200 Index (ASX: XJO) battery metals miner this morning.

What updates are impacting the IGO share price today?

The IGO share price is sliding despite the company reporting that its wholly-owned subsidiary, Western Areas Limited, has satisfied the Stage-1 requirements of its Earn-In and Joint Venture Agreement (EIJVA) with Metal Hawk Ltd (ASX: MHK).

The Stage-1 agreement required IGO to spend $3 million on exploration across the JV projects. It achieved this exploration spend ahead of schedule. IGO is now entitled to a 51% joint venture interest in Metal Hawk’s Kanowna East, Emu Lake and Fraser South projects.

The IGO share price could also be impacted by the miner announcing it will proceed with Stage-2 of the EIJVA. That requires the company to spend another $4 million on exploration to earn an additional 24% joint venture interest.

Diamond drilling is due to recommence at Kanowna East in July.

Metal Hawk retains 100% of the gold rights at Kanowna East and Emu Lake.

Commenting on the progress, Metal Hawk managing director Will Belbin said:

We have been really pleased with the pace and quality of exploration carried out by our joint venture partner, which has exceeded its obligation under the earn-in agreement, and with the results achieved to date.

The election by IGO to progress to Stage-2 is a tremendous outcome for Metal Hawk that will see a substantial step-up in exploration expenditure without drawing on shareholders’ funds. We also see this as a strong endorsement of the quality and potential of these projects.

What else was announced?

In a separate announcement that also hasn’t lifted the IGO share price this morning, ST George Mining Ltd (ASX: SGQ) welcomed the miner as its 25% Joint Venture partner.

The JV partnership entails an exploration licence (E29/638), which is at the core of St George’s Mt Alexander Project, focused on nickel, copper and platinum-group elements (PGE).

According to the release:

E29/638 covers the high-grade Cathedrals, Stricklands, Investigators and Radar nickel-copper-PGE discoveries… St George (75%) manages activities on E29/638, with IGO retaining a 25% non-contributing interest until there is a decision to mine.

The partnership follows on from IGO’s successful takeover of Western Areas.

With a 13-line kilometre seismic survey completed, and a moving loop electromagnetic survey underway, drilling is expected to kick off in four weeks.

IGO share price snapshot

Although it’s struggled in 2022, the IGO share price remains up 34% over the past 12 months. That compares to a full year loss of 11% posted by the ASX 200.

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

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More reading

• Down 12% in June, is the IGO share price a buy?
• Is it too late to buy ASX lithium shares?
• Here’s why the IGO share price is making headlines on Wednesday
• Why Macquarie still sees ‘material upside’ for ASX lithium shares
• Is the ASX about to wave goodbye to this billion-dollar nickel miner?

Motley Fool contributor Bernd Struben 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 JB Hi-Fi Limited (ASX: JBH) share price tumbled to a 52-week low of $36.69 last week.

The retailer has been hammered by external factors beyond its control which has put selling pressure on its shares.

At Wednesday’s market close, JB Hi-Fi shares finished 0.41% lower to $39.37.

You may be wondering what’s the best way to value a company in the current climate. Here’s one way.

How do you value JB Hi-Fi shares?

A common way among investors to determine if an ASX share is cheap or expensive is to look at the price-to-earnings (P/E) ratio. This metric tells you how much the company is worth.

A P/E ratio can be broken down as the relationship between a company’s share price and its earnings per share (EPS).

At the time of writing, JB Hi-Fi has a P/E ratio of 9.34. The formula to work out the P/E ratio is the current share price divided by EPS.

For context, JB Hi-Fi’s peers, Harvey Norman Holdings Ltd (ASX: HVN) and Kogan.com Ltd (ASX: KGN) hold a P/E ratio of 5.71 and 169.49, respectively.

Due to the similar market capitalisation compared to Harvey Norman, JB Hi-Fi shares are slightly on the more expensive side.

Essentially, what this means is that you are paying $9.34 for every dollar that JB Hi-Fi collects in earnings.

In addition, a P/E ratio shows how much growth can be expected when invested in a company.

For example, a high P/E ratio tell us that investors are happy to pay more per share than what the company is earning. This is extremely common with new market entrants that have the liquidity to pursue high growth opportunities.

On the other hand, a low P/E ratio is more suited to stable companies that have an established market share. It could also mean that its shares are trading at a bargain given the share price fall.

JB Hi-Fi share price summary

Since the start of May, the JB Hi-Fi share price has plummeted 25% on the back of weakened investor sentiment.

Soaring inflation levels mixed with rate hikes by the Reserve Bank of Australia have sent investors fleeing for safe-haven assets.

Shares in any retail environment are always the first to feel the impact of any economic downturn.

JB Hi-Fi has a market capitalisation of approximately $4.32 billion and has roughly 109.33 million shares on issue.

The post How do you value the JB Hi-Fi share price in June? appeared first on The Motley Fool Australia.

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More reading

• The JB Hi-Fi share price has tumbled 19% in a month. What’s next?
• 2 ASX companies busted for sneaky facial recognition on customers
• Why are these ASX 200 retail shares lagging the market today?
• ASX retail shares tumble following RBA rate rise
• Why experts rate the JB Hi-Fi share price a buy right now

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 positions in and has recommended Harvey Norman Holdings Ltd. and Kogan.com ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and Kogan.com ltd. 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 Sayona Mining Ltd (ASX: SYA) share price has fallen more than 50% in the past month.

A perfect storm of bearish sentiment across the lithium industry amid a global economic slowdown has impacted the company’s shares.

Despite the doom and gloom, Sayona Mining released its investor presentation yesterday highlighting its strategic direction.

At Wednesday’s market close, the emerging lithium producer’s shares finished 7.14% lower to 13 cents.

What were the key takeaways from the presentation?

While the Sayona Mining share price retraced to levels not seen since March 2022, investors were treated to the company’s growth plans.

In its presentation, management touched on the strategic portfolio of its lithium assets in Quebec, Canada.

The Abitibi and Northern Hubs boast one of the largest combined spodumene resources in North America.

The near-term objective for the company is to supply spodumene to the North American lithium battery supply chain by 2023.

In particular, the Abitibi Hub is targeting production of up to 180,000 tonnes of spodumene concentrate by 2024. This is expected to be ramped up in the following years (2025 – 2026) with nameplate capacity of up to 220,000 tonnes annually.

Furthermore, the Northern Hub has a forecasted nameplate capacity of up to 200,000 tonnes of spodumene concentrate equivalent by 2027.

However, this is dependent upon Sayona Mining developing its refinery operation to support lithium production from the Northern Hub.

The location of the company’s lithium assets in Quebec has many advantages to satisfy the growing demand for battery capacity. This includes being low-cost, having renewable hydropower and an established infrastructure, as well as close proximity to the North American battery market.

Sayona Mining stated that it is targeting end-user customers throughout the EV production chain. This consist of battery manufacturers, auto original equipment manufacturers (OEM), commodity trading houses and more.

Sayona Mining share price snapshot

A turbulent past couple of months on the ASX has led the Sayona Mining share price to reverse its astronomical gains.

Nonetheless, when looking at the past 12 months, its shares are still up 106%.

Sayona Mining commands a market capitalisation of approximately $1.07 billion, with a massive 8.24 billion shares on its books.

The post Considering investing in Sayona shares? Here’s the latest news from the company appeared first on The Motley Fool Australia.

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More reading

• Is this why ASX lithium shares are being crushed today?
• The Sayona Mining share price has crashed 50% in a month. What’s going on?
• Which ASX lithium shares are producing and which are not?
• Why Macquarie still sees ‘material upside’ for ASX lithium shares
• Why Nanosonics, REA, Sayona Mining, and Zip shares are dropping

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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If you’re in the market for some dividend shares, then you may want to look at the two listed below.

Both these dividend shares have rated as buys by analysts and forecast to provide attractive yields. Here’s what you need to know about them:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share that has been rated as a buy is the Charter Hall Social Infrastructure REIT.

This REIT is focused on social infrastructure properties, which include bus depots, police and justice services facilities, and childcare centres. Demand is so strong for these properties that the company currently boasts a 100% occupancy rate with a weighted average lease expiry of 14.6 years.

Goldman Sachs is a big fan of the company and expects this strong demand to support solid growth. It currently has a conviction buy rating and $4.20 price target on its shares

Goldman is also expecting some generous dividends. It is forecasting dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.21, this implies yields of 5.35% and 5.7%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share to look at is Wesfarmers. It is the conglomerate responsible for a portfolio of retail assets and industrial businesses such as Bunnings, Kmart, and CSBP.

It has been growing at a solid rate for a couple of decades and appears well-placed to continue this trend in the future.

Morgans certainly appears to believe this is the case. The broker currently has an add rating and $58.50 price target on its shares.

It highlights that Wesfarmers has a high quality portfolio, is run by a highly regarded management team, and has a strong balance sheet that could be supportive of further M&A activity in the future.

As for dividends, Morgans is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $42.63, this will mean yields of 3.8% and 4.2%, respectively.

The post 2 top ASX dividend shares that analysts love appeared first on The Motley Fool Australia.

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More reading

• Down 28% this year, is the Wesfarmers share price at a turning point?
• Here are 2 ASX dividend shares that analysts rate as buys this week
• Why is the Wesfarmers share price having such a stellar start to the week?
• 2 defensive ASX dividend shares with good yields that analysts rate as buys
• Morgans tips 40% upside for the Wesfarmers share price

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 Wesfarmers 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 Fortescue Metals Group Limited (ASX: FMG) share price is under the microscope amid market uncertainty about the iron ore price.

Fortescue is a major iron ore ASX mining share. As such, the movement of the iron ore price has a significant impact on the company’s profitability.

But the founder of Fortescue, and one of the country’s prominent business leaders, Andrew Forrest is not worried about what might happen next.

Forrest optimism

According to reporting by the Australian Financial Review, Forrest said there is “not a snowflake’s chance in hell” of a global recession this year. While individual countries could see a recession, he thinks that pent-up demand after COVID will help things.

But Forrest conceded markets might be “choppy and uncertain” for up to three years, the report said.

Forrest pointed to a couple of areas that will enable Fortescue to get through the current problems of rising interest rates, elevated inflation, and slower growth. Those advantages are Fortescue’s low-cost base and its green energy plans.

Another factor that could impact the iron ore price — and the Fortescue share price — is the potential of a ‘central ore buyer’ in China to try to control the iron ore price, according to the Australian Financial Review.

Forrest’s response? He said it was “a story which gets trotted out every three years”. So, we’ll see how that one plays out.

Green energy ambitions to offset inflation?

Forrest thinks that Fortescue will be able to weather inflation and higher interest rates. He believes the company can still raise capital and get through a period of lower commodity prices. Forrest said:

Demand for our product has remained strong. And if global demand for iron ore goes down, the last man standing will be the lowest cost producer. And that is Fortescue.

Fortescue is looking to build a global portfolio of projects to enable it to produce millions of tonnes of green hydrogen (which is made using renewable energy). Forrest said:

We smoke $3.5 billion worth of fossil fuel into the atmosphere every year. That is one hell of a pool of capital annually to invest into your own fuel production and green iron systems.

The AFR noted that there is lots of capital looking for investible projects, with Forrest saying a large part of that is looking for green projects.

Is the Fortescue share price an opportunity?

Forrest might answer yes to that question.

But some brokers recently gave a different view. Morgan Stanley currently rates it as ‘underweight’, which is like a ‘sell’. The price target is $15.95, suggesting a decline of around 10%. However, a recent change in Indian tariffs could provide a boost for lower iron ore grade miners, such as Fortescue.

The broker Ord Minnett rates it as a ‘hold’, with a price target of $19. That suggests a potential rise of around 7.5%.

Looking at the projected grossed-up dividend yield, Ord Minnett thinks it could be 16.7% in FY22 and 14.4% in FY23.

The post Can the Fortescue share price hold up if the iron ore price falls? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Could China ‘steel’ the show for the iron ore price?
• ‘I don’t know of a better industry to be pivoting towards’: Twiggy talks up hydrogen play amid soaring fuel costs
• Fortescue share price rebounds 3% today
• Fortescue’s Twiggy adamant there’s ‘not a snowflake’s chance in hell’ of recession

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group 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 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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It’s a confusing time to be an ASX shares investor right now.

With inflation raging, interest rates rising and the economy heading downwards, which are the stocks that are value buys rather than value traps? 

Perhaps it would help to see which ASX shares a professionally-managed fund has bought recently.

Alphinity Investment Management, in a memo to clients, revealed three stocks that its team just bought.

A win-win deal in a winning sector

For Alphinity analysts, the “positive earnings revisions” continue to be identified in the energy and resource sectors.

And two ASX shares in particular piqued their interest.

“We have recently added to our positions in Woodside Energy Group Ltd (ASX: WDS) and BHP Group Ltd (ASX: BHP) following the acquisition by Woodside of BHP’s energy division.”

The Alphinity team believes the deal allows both sides to “pursue attractive growth projects”.

“Strong cash flow generation will also provide capital management opportunities,” read the memo.

“This is particularly the case for BHP but Woodside also should start its new era with an ungeared balance sheet.”

Woodside shares are up more than 45% year to date, while paying out a 5.86% dividend yield. 

The BHP share price is up 11% so far this year, and on top of that is rewarding shareholders with a handsome 11.7% dividend yield.

Global competitors removed from market

The third ASX share that the Alphinity team has added to their fund is chemicals maker Orica Ltd (ASX: ORI).

“Orica has had a few lean years due to excess supply of its key product, explosives-grade ammonium nitrate, especially in Australia, but still managed to deliver a strong interim result in May.”

Current geopolitics, with Russia out of the picture and China’s restricted manufacturing capability, is also having a bearing.

“Market growth and restricted supply out of both China and Russia, has tightened the market, tipping the scales in price negotiations with its customers in Orica’s favour.”

Orica shares have risen more than 13.7% year to date, while providing a 1.54% dividend yield.

Earlier this year, Investors Mutual also identified Orica as a top-shelf stock to hold in 2022.

“Investors begin to appreciate real cash flows generated by companies in the next two to three years, as opposed to hoped-for cash flows in 10 or 20 years’ time,” said director Anton Tagliaferro.

“With interest rates rising, these stocks suddenly don’t look so boring or dull as things normalise.”

The post Why we just bought these 3 ASX shares: fund appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Could China ‘steel’ the show for the iron ore price?
• Woodside share price lifts despite $17b ‘climate bomb’ court action
• Why did the Woodside share price surge ahead on Tuesday?
• BHP share price claws back half of Monday’s losses on Tuesday

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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, U Ethical chief investment officer Jon Fernie explains what he’d do with three ASX shares that have been ravaged this year.

Cut or keep?

The Motley Fool: Let’s take a look at three fallen stars — ASX shares that have taken a beating this year. 

First one is Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), which has crashed more than 40% since September. What would you do with it?

Jon Fernie: This one’s probably a reasonably straightforward one for us. As an ethical investor, we exclude companies with material fossil fuel exposure. Soul Patts has a major stake in New Hope Corporation Limited (ASX: NHC) and so it’s not a stock that we would consider. 

I think investors also need to be cautious on investing in companies that have big exposure to potentially stranded assets.

MF: How about Fisher & Paykel Healthcare Corp Ltd (ASX: FPH), which has almost halved this year?

JF: We are currently invested in Resmed CDI (ASX: RMD), which is a competitor of FPH, so that would be our preference. 

We think that Fisher and Paykel face some near-term headwinds and Resmed looks better in terms of its earnings outlook and valuation. 

However, both companies will benefit from [a] product recall that we’ve seen from another competitor, Koninklijke Philips NV (AMS: PHIA). And I think, if you have a longer-term horizon, you may be willing to hold Fisher & Paykel and still expect that there’s a good, longer-term earnings growth opportunity for the company.

MF: Fair enough. And the last one is the mapping company Nearmap Ltd (ASX: NEA), which has lost a painful 55% since November.

JF: Nearmap’s one that we wouldn’t hold. We think the company’s small, but also I think it’s facing increased competition in that aerial mapping space. It continues to be a loss-making business. It’s going to require a lot of ongoing investment and they’re also facing some legal action from a competitor, so overall, not a stock that meets our investment criteria.

The post This is what I’d do with these 3 battered ASX shares: fund manager appeared first on The Motley Fool Australia.

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More reading

• Goldman names 2 ASX healthcare shares to buy
• 3 high-quality ASX 200 shares trading at 52-week lows right now
• 3 reasons why I think the Soul Pattinson share price is an excellent buy right now
• Why is the Fisher & Paykel share price heading south today?
• How to start investing in stocks: This ASX 200 share is where I’d begin

Motley Fool contributor Tony Yoo has positions in Fisher & Paykel Healthcare Corporation Limited, Nearmap Ltd., ResMed Inc., 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 Nearmap Ltd., ResMed Inc., and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended Nearmap Ltd., ResMed Inc., and Washington H. Soul Pattinson and Company 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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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) gave back its early gains to end the day in the red. The benchmark index dropped 0.2% to 6,508.5 points.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market is expected to rebound on Thursday following a better than feared night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 31 points or 0.5% higher this morning. On Wall Street, the Dow Jones was down 0.15%, the S&P 500 fell 0.1%, and the Nasdaq edged 0.15% lower.

Iron ore miners on watch

Mining giants BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG), and Rio Tinto Limited (ASX: FMG) could have a bad day on Thursday after the iron ore price continued its decline. According to Metal Bulletin, the benchmark iron ore price has fallen a further 5.5% to US$109.40 a tonne. This led to the NYSE listed BHP and Rio Tinto shares falling around 4% overnight.

Oil prices tumble

It could be a tough day for energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 3.9% to US$105.25 a barrel and the Brent crude oil price is down 3.4% to US$110.72 a barrel. This was driven by fears that the US could fall into a recession and lessen demand for oil.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.05% to US$1,840 an ounce. The precious metal firmed amid growing recession fears.

ANZ-MYOB rumours intensify

Rumours that Australia and New Zealand Banking Group Ltd (ASX: ANZ) is planning to acquire accounting software company MYOB are growing louder. According to the AFR, the bank has appointed Macquarie and UBS to help it run the numbers. If a deal is struck, it is expected to be for several billion dollars.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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

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Looking to boost your income with some dividend shares? Then you might want to look at the two listed below.

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

National Storage REIT (ASX: NSR)

The first dividend share to look at is leading self-storage operator, National Storage. Through its portfolio of over 200 centres, the company provides tailored storage solutions to around 100,000 residential and commercial customers.

And while this sounds like a large network, management still sees plenty of room to grow in the future. It notes that the self storage industry remains highly fragmented, giving it plenty of high-quality acquisition opportunities. This bodes well for its income and distribution growth over the long term.

Ord Minnett is a fan of National Storage. The broker currently has a buy rating and $2.60 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of 10 cents in FY 2022 and FY 2023. Based on the current National Storage share price, this equates to yields of 4.5%.

Rural Funds Group (ASX: RFF)

Another ASX dividend share for income investors to look at is this agricultural focused real estate investment trust (REIT). It owns a high quality portfolio of assets across a range of agricultural industries. These include almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.

Rural Funds’ properties are leased on long term contracts to major players in the industry such as Australia’s largest meat processor, JBS Australia and wine giant Treasury Wine Estates Ltd (ASX: TWE). Together with its built in periodic rental increases, this provides Rural Funds with great visibility on its future earnings and distributions.

Speaking of which, in FY 2022, the company intends to increase its dividend by its annual target rate of 4% to 11.73 cents per share. After which, it is planning to do the same in FY 2023, lifting it to 12.2 cents per share. Based on the current Rural Funds share price, this represents yields of 4.5% and 4.65%, respectively.

The post Here are 2 ASX dividend shares with 4%+ yields appeared first on The Motley Fool Australia.

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More reading

• Here are 2 ASX dividend shares with 4%+ yields
• 2 ASX shares I want to buy more of for my portfolio
• 3 quality ASX 300 shares with dividend reinvestment plans
• Free cash flow: Here are 3 ASX All Ords shares that have it in spades
• Is it reasonable to expect share price growth AND reliable dividends from ASX shares?

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 RURALFUNDS STAPLED. 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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