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The S&P/ASX 200 Index (ASX: XJO) is experiencing something of a bounce back so far this Wednesday after the nasty falls we saw on the markets yesterday. At the time of writing, the ASX 200 has bounced by a healthy 0.36% and is now back over 7,100 points.

So let’s dig a little deeper and check out the ASX 200 shares that are currently at the top of the share market’s volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Westpac Banking Corp (ASX: WBC)

ASX 200 big four bank Westpac makes a rare appearance on this list today as our first share to check out. So far today, a robust 11.8 million Westpac shares have been bought and sold. There hasn’t been any official news out of Westpac today.

Thus, it’s likely that this elevated trading volume is the result of the nasty 5.8% share price fall that the bank has suffered through today. As we covered earlier, the sector-wide falls we are seeing in the ASX banks today appear to be a consequence of the Reserve Bank of Australia’s big interest rate hike yesterday.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is next up this Wednesday. So far today, a notable 16.12 million of this ASX 200 lithium producer’s shares have found a new home.

This high volume appears to be another result of a share price fall. Thankfully for Pilbara investors, this time we have a far milder drop of 1.23% for Pilbara, which takes the company to $2.40 a share at present. 

Paladin Energy Ltd (ASX: PDN)

Uranium share Paladin Energy is our third, final and most traded ASX 200 share of the day today. This Wednesday has seen a whopping 27.78 million Paladin shares change hands as it currently stands. This is almost certainly a result of the 13% rise Paladin shares have enjoyed over the trading day.

As my Fool colleague Monica covered this afternoon, most ASX uranium shares are on fire today after news that the US government is proposing a $4.3 billion plan for buying enriched uranium from domestic producers, which could include Paladin. 

The post Here are the 3 most traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

More reading

• Why are ASX 200 energy shares jumping today?
• Why Atlas Arteria, Boral, Fonterra, and Paladin Energy shares are pushing higher
• Why are ASX 200 bank shares plunging on Wednesday?
• Why are ASX uranium shares having such a cracker run on Wednesday?
• Westpac share price tumbles 5% on Wednesday

Motley Fool contributor Sebastian Bowen 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 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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ASX 200 energy shares are having a stellar day on the market today.

The S&P/ASX 200 Energy Index (ASX: XEJ) is currently up 4% to 11,117 points. For perspective, the S&P/ASX 200 Index (ASX: XJO) is 0.4% in the green today.

Let’s take a look at what’s impacting ASX 200 energy shares today.

ASX 200 energy shares rise

ASX 200 energy shares ahead today include uranium shares Deep Yellow Limited (ASX: DYL), up 9.72% and Paladin Energy Ltd (ASX: PDN), rising 13.12%. Bannerman Energy Ltd (ASX: BMN) shares are jumping 16.67%, while Peninsula Energy Ltd (ASX: PEN) shares are rocketing 20%.

Uranium shares are rising after news emerged the Biden administration in the United States is seeking support from Congress on a $4.3 billion uranium plan. The idea is to buy enriched uranium from US producers to reduce the reliance on Russian imports, Bloomberg reports. The publication noted the US only has one commercial enrichment facility in New Mexico.

ASX listed Peninsula Energy has uranium operations in the United States, while Paladin has a project in nearby Canada.

US uranium producer Energy Fuels Inc (NYSE: UUUU) shares also rocketed nearly 12% on the New York Stock Exchange overnight.

Oil and gas producers are also having a positive day on the ASX today. Santos Ltd (ASX: STO) shares have jumped 3.48%, Woodside Energy Group Ltd (ASX: WDS) shares are leaping 5%, while Beach Energy Ltd (ASX: BPT) shares are up 1.77%.

Goldman Sachs is forecasting Brent crude oil prices will average $140 per barrel between July and September, CNN Business reported.

Benchmark crude oil leapt 1.3% overnight due to tight supplies, as my Foolish colleague James reported this morning.

Oil prices have since retreated slightly, with Brent crude now up 0.21% to US$120.82 per barrel.

Natural gas prices have also jumped 0.74% to US$9.36 MMBtu (metric million British thermal unit).

Share price snapshot

The ASX 200 energy index share price has jumped 29.9% in the past year, while it has leapt 40.7% in the year to date.

For perspective, the benchmark ASX 200 has shed more than 2% in a year.

The post Why are ASX 200 energy shares jumping today? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Wednesday
• Why Atlas Arteria, Boral, Fonterra, and Paladin Energy shares are pushing higher
• 3 ASX 200 shares cracking new 52-week highs on Wednesday
• Why are ASX uranium shares having such a cracker run on Wednesday?
• Why is the BHP share price having such a stellar day?

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 afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decent gain. At the time of writing, the benchmark index is up 0.4% to 7,124.9 points.

Four ASX shares are climbing more than most today are listed below. Here’s why they are pushing higher:

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price share price is up 16% to $8.27. This follows news that IFM Global Infrastructure Fund has acquired a 15% stake in the toll road operator at a significant premium to its last close price. This has sparked hopes that a takeover offer could be launched soon.

Boral Limited (ASX: BLD)

The Boral share price is up 14% to $3.27. Investors have been buying this building products company’s shares after it appointed Vik Bansal as its new CEO. Mr Bansal stepped down from the role of CEO of Cleanaway Waste Management Ltd (ASX: CWY) last year amid a scandal which saw him accused of creating a culture of workplace bullying. This overshadowed an otherwise highly successful six years at Cleanaway.

Fonterra Shareholders’ Fund (ASX: FSF)

The Fonterra share price is up 2% to $2.79. This morning the dairy co-operative announced plans to launch a $50 million on-market share buyback program. Management made the move on the belief that its shares are undervalued at current levels.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy price is up 13% to 80 cents. Investors have been buying uranium shares on Wednesday after the industry was given a boost. This relates to news that the United States is seeking to wean itself off Russian uranium for its nuclear reactors. The Biden Administration has announced a US$4.3 billion plan to help with the transition.

The post Why Atlas Arteria, Boral, Fonterra, and Paladin Energy shares are pushing higher appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares cracking new 52-week highs on Wednesday
• Why are ASX uranium shares having such a cracker run on Wednesday?
• ASX 200 midday update: Boral rockets, big four banks tumble
• Why is the Paladin Energy share price jumping 13% today?
• Atlas Arteria share price leaps 16% amid takeover speculation

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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It’s been a fairly pleasant day for ASX so far this Wednesday. At the time of writing, the All Ordinaries Index (ASX: XAO) has put on a healthy 0.42%. Thus, it’s probably a good day for an ASX initial public offering (IPO). That’s what has just happened with the Southern Palladium Limited (ASX: SPD) share price. 

Southern Palladium is the newest company to join the ASX. Its shares debuted on the ASX boards this morning. So let’s check out how this IPO went.

Southern Palladium, as the name implies, is a hopeful in the palladium space. Palladium is a rare precious metal that is primarily used in vehicle parts such as catalytic converters. According to the company, it is “in the process of acquiring a 70% interest in the Bengwenyama palladium/rhodium dominated PGM project located on the Eastern limb of the Bushveld, South Africa”. 

According to the company’s first ASX notice as a public business, Southern Palladium’s $19 million IPO funding round was “oversubscribed” at a price of 50 cents a share. Its previous financial backers included Australian fund manager Regal, as well as global fund managers Sprott Holdings and Lowell Capital.

Well, it’s been a relatively successful IPO for Southern Palladium. The investors who bought shares last month at 50 cents each would be pleased anyway. Over the company’s first day of trading thus far, Southern Palladium shares have traded between 58.5 cents and 65 cents each. They are currently going for 65 cents at the time of writing, up 30% from the IPO price.

Southern Palladium has said that with the funds raised from its IPO, it “is well capitalised to accelerate exploration at its 70%-owned Bengwenyama project”.

 

The post Southern Palladium share price zooms 30% higher on ASX debut appeared first on The Motley Fool Australia.

More reading

• Why Atlas Arteria, Boral, Fonterra, and Paladin Energy shares are pushing higher
• This ASX tech company just did a deal with Bunnings, and its share price is up 20%
• 1 week in: Here’s how the ASX’s newest ETF is tracking
• Zip share price tumbles 6% as Apple Pay Later threat looms large
• Why is the GrainCorp share price racing higher today?

Motley Fool contributor Sebastian Bowen 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 Zoom2u Technologies Ltd (ASX: Z2U) share price is powering ahead during mid-afternoon trade today.

This comes as the company announced an agreement with Australian household hardware giant, Bunnings Group.

At the time of writing, shares in the innovative delivery solutions provider are up 19.51%, trading at 24.5 cents.

Zoom2u teams up with Bunnings

Investors are rallying behind the Zoom2u share price after the company expanded its service offering to Bunnings.

In today’s release, the company advised Bunnings Warehouse customers would be able to use the Zoom2u platform for local delivery of products.

The Zoom2u platform connects local independent couriers in a customer’s area for fast same-day delivery. Some of the features include a live tracking link showing the real time location, and an ETA on the delivery.

The partnership follows a successful trial of the service that ran in selected Bunnings stores across the country.

Under the terms of the non-exclusive agreement, there is no minimum volume of spend or fee commitments required at the Bunnings end. And while the agreement can’t be quantified, it’s expected provide an additional revenue stream to Zoom2u.

Zoom2u founder and CEO, Steve Orenstein welcomed the deal, saying:

I am absolutely delighted to announce this agreement. To be chosen as one of Bunnings’ last mile delivery providers is a validation of the Zoom2u Platform.

It has been a pleasure working closely with Bunnings over the past few months as they trialled the service.

Zoom2u share price summary

Despite today’s gains, the Zoom2u share price has fallen 40% in 2022. However, its shares are up 20% when looking at the past 12 months.

Zoom2u commands a market capitalisation of roughly $28.6 million based on its current share price.

The post This ASX tech company just did a deal with Bunnings, and its share price is up 20% appeared first on The Motley Fool Australia.

More reading

• 1 week in: Here’s how the ASX’s newest ETF is tracking
• Zip share price tumbles 6% as Apple Pay Later threat looms large
• Why is the GrainCorp share price racing higher today?
• Australian competition watchdog goes up against Nasdaq giant. Here’s why
• The Bank of Queensland share price just hit a 52-week low. Time to buy?

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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Last week, the ASX welcomed yet another new exchange-traded fund (ETF) to its boards. Yes, Thursday saw the float of the BetaShares Future of Food ETF (ASX: IEAT). So now that this new ETF is five trading days into its new ASX life, it might be a good time to check how it’s faring.

According to provider BetaShares, this new IEAT ETF is designed as follows:

The BetaShares Future of Food ETF (ASX: IEAT) provides a convenient, cost-effective way to access the growth potential of the ‘future of food’ revolution, a segment of the global food industry that focuses on more sustainable, humane and healthier ways to produce the food we eat.

IEAT aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of some of the world’s most innovative companies in the areas of global food production and supply. 

This ETF charges an annual management fee of 0.67% per annum. Its current top holdings include Danone SA, Archer-Daniels-Midland Co, International Flavors & Fragrances Inc, Bunge Ltd and FMC Corp. It has a fairly large weighting to the United States at 53.2% of the underlying portfolio as it currently stands. But other countries like Sweden (11.4%), Denmark (8.6%), Japan (3.3%) and Britain (2.2%) are also present.

The ASX welcomes another new ETF

IEAT tracks the Foxberry Next Generation Foods USD Net Total Return Index, which has struggled in recent years. As of 31 May, it had gone backwards by 16.55% over the preceding 12 months, but had netted a positive 4.76% per annum on average over the past five years.

So how has IEAT fared?

Well, this ETF began life at around $11.83 per unit last Thursday. By the end of its first trading day, it had slipped slightly to $11.82. But today, IEAT units are being priced at $11.87. That’s up 1.02% for the day so far, and represents a gain of 0.34% from its listing price.

But IEAT may not be the last new ETF we get from BetaShares in 2022. According to the provider, two new energy-based ETFs are coming to the ASX “soon”. These will be the BetaShares Solar ETF (ticker code to be TANN), and the BetaShares Global Uranium ETF (ticker URNM).

So lots to keep an eye out for in the ASX exchange-traded fund space over the next few months.

The post 1 week in: Here’s how the ASX’s newest ETF is tracking appeared first on The Motley Fool Australia.

More reading

• Zip share price tumbles 6% as Apple Pay Later threat looms large
• Why is the GrainCorp share price racing higher today?
• Australian competition watchdog goes up against Nasdaq giant. Here’s why
• The Bank of Queensland share price just hit a 52-week low. Time to buy?
• 3 ASX 200 shares cracking new 52-week highs on Wednesday

Motley Fool contributor Sebastian Bowen 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 Zip Co Ltd (ASX: ZIP) share price has continued its slide on Wednesday.

In afternoon trade, the buy now pay later (BNPL) provider’s shares dropped 6% to a new multi-year low of 61.7 cents.

Why is the Zip share price falling again?

Investors have been selling down the Zip share price this week amid concerns over the impact that Apple’s BNPL launch will have on the market.

The tech giant’s BNPL offering, named Apple Pay Later, allows users to split the cost of an Apple Pay purchase into four equal payments with no interest.

However, importantly, the service works with any merchant that already supports Apple Pay and does not require a new payments terminal. If you’re like me and use Apple Pay so much you don’t really know where your physical cards are any more, you’ll know that this means practically every payment terminal out there (I’ve yet to find one that doesn’t).

This means that the seller doesn’t even need to offer BNPL as an option to customers nor would it even necessarily know if a sale was made with the payment method. For that seller, the sale is done and the money is heading to their bank account.

And while Zip and others offer this function already with single-use virtual cards, non-integrated merchant transactions generate low margins. This could make it very hard for BNPL providers to turn a profit from a transaction if this becomes the norm and merchants start slipping off their books. Whereas Apple is already earning from each use of Apple Pay, so these low margins are manageable.

Furthermore, as Apple already has a captive audience using Apple Pay every day, it won’t be hard for it to market the service to users. Whereas Zip, Sezzle inc (ASX: SZL), and co won’t have that luxury and will be forced to continue spending big bucks to promote their services to consumers.

Overall, these are interesting times for Zip and the BNPL industry.

The post Zip share price tumbles 6% as Apple Pay Later threat looms large appeared first on The Motley Fool Australia.

More reading

• Is there light at the end of the tunnel for the Zip share price in June?
• 10 ASX All Ords shares that could be stung by tax-loss selling
• Why Codan, Incitec Pivot, Xero, and Zip shares are dropping
• When will it end? Zip share price plummets again on Tuesday
• Zip share price dips to yet another 4-year low on Monday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Apple. 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 GrainCorp Ltd (ASX: GNC) share price is outperforming today as the government forecasts winter crop planting to be the second highest on record.

Winter crops across the country are tipped to come in at 23.4 million hectares this year, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). That’s only a bit below last year’s record.

This should result in winter crop production of 50.9 million tonnes, the fourth highest on record. Yield prospects are forecast to be well above 10-year averages in New South Wales and Queensland, and more modest in other states.

While investors have largely cottoned on to the solid outlook for Australia agriculture, that didn’t stop the GrainCorp share price from jumping 4.16% to $10.51 in mid-afternoon trade.

GrainCorp share price makes hay while the sun shines

This is in part because the revised forecast from ABARES is well ahead of its first estimate for the FY21 crop, according to UBS.

The broker said:

Commentary in the ABARES report is positive, noting strong rainfall supporting high moisture profiles for planting of the winter crop, and a high chance of above-median rainfall over the next 3 months.

As such, UBS upgraded GrainCorp’s earnings before interest, tax, depreciation and amortisation (EBITDA) by 12%. It also upped the company’s earnings per share estimate by 18%.

Is the GrainCorp share price a buy?

However, UBS believes the good news is largely in the GrainCorp share price as it kept its neutral recommendation on the shares.

Its 12-month price target of $10.05 is below where GrainCorp is currently trading.

Another ASX agriculture share that’s benefitting

But there may be a better way to gain leverage on the strong crop outlook. Shaw and Partners noted that ABARES’ forecast is also good news for the Elders Ltd (ASX: ELD) share price.

The broker explained:

ELD is a very well-run company delivering strong results in excellent market conditions. Whilst we do forecast a mean-reversion in these conditions from FY24 onwards, the upcoming winter cropping season, combined with the Northern Hemisphere supply issues, should result in solid earnings growth for Australian farmers over the next 12-24 months.

How the GrainCorp and Elders share prices compare

Shaw and Partners is recommending the Elder’s share price as buy with a 12-month price target of $20.

The GrainCorp share price has outperformed Elders over the past year as it more than doubled in value.

In contrast, the Elders share price gained 19% while the S&P/ASX 200 Index (ASX: XJO) declined 2%.

The post Why is the GrainCorp share price racing higher today? appeared first on The Motley Fool Australia.

More reading

• Why GrainCorp, New Hope, Tabcorp, and Woodside shares are pushing higher
• Why Appen, Elders, Predictive Discovery, and Yancoal shares are dropping
• Why is the Elders share price in reverse today?
• Experts name 2 top ASX dividend shares to buy now
• This ASX 200 company just hiked its latest dividend by almost 70%, here’s what you need to know

Motley Fool contributor Brendon Lau has positions in Elders 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 Elders 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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Fan favourite NASDAQ-100 Index (NASDAQ: NDX) share, Airbnb Inc (NASDAQ: ABNB) is being dragged to the Federal Court by the Australian Competition and Consumer Commission (ACCC).

The competition watchdog announced it was taking legal action against the holiday letting platform, alleging it misled Australians over prices.

 Let’s take a closer look at why the Nasdaq giant is being taken to the top court of Australia.

Fan favourite Nasdaq share to hit the Federal Court

Nasdaq giant Airbnb has a US$78 billion market capitalisation and a share price of US$122.90. But not even giants escape the ACCC’s scrutiny.

The watchdog is taking the company to court on allegations it didn’t advertise the currency of its prices.

According to the ACCC, Airbnb displayed a dollar sign on its website and app without clarifying it represented US dollars not Australian dollars.

Thousands of customers were allegedly impacted between at least January 2018 and August 2021.

In the period in question, the average exchange rate between Australian dollars and US dollars was around 72 US cents. That means for a $500 booking, an Australian customer may have ended up paying almost $700.

The watchdog says on some occasions, Airbnb only revealed the price was in US dollars on the final page of the booking process, after the platform showed numerous dollar signs and once the accomodation was ‘reserved’.  

To top it off for the Nasdaq share, the ACCC claims the company continued to mislead or deceive complaining customers. It allegedly told impacted users they had opted to view US dollar values despite that often not being the case.

“Despite thousands of consumers complaining to Airbnb about the way prices were displayed, Airbnb didn’t amend its booking platform until after the ACCC raised the issue,” ACCC Chair Gina Cass-Gottlieb said, continuing:

Airbnb did not compensate many consumers who complained about this conduct …

We will be arguing that the court should order Airbnb to compensate people who were misled about the price of their accommodation.

The Airbnb share price is tumbled nearly 29% on the Nasdaq Index in 2022. For context, the Nasdaq Composite Index (NASDAQ: .IXIC) has also slumped 23%.

The Motley Fool Australia reached out to Airbnb for comment but didn’t receive a reply in time for publication.

The post Australian competition watchdog goes up against Nasdaq giant. Here’s why appeared first on The Motley Fool Australia.

More reading

• Nasdaq bear market: Should you buy the dip on these 2 growth stocks?

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 Airbnb, Inc. 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 been a fairly decent day for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. After yesterday’s carnage, the ASX 200 is in the green today, up a robust 0.36% at the time of writing to back over 7,100 points. But it’s been a sadder day for the Bank of Queensland Limited (ASX: BOQ) share price.

Bank of Queensland shares have recorded a nasty 2.85% loss for the day so far. This ASX 200 bank share is currently trading at $7.16 a share. That share price happens to be right on BOQ’s new 52-week low.

To be fair, it’s been a tough day for ASX 200 banks all around. All four of the major banks are well in the red today. Commonwealth Bank of Australia (ASX: CBA) is leading the losses with a painful 4.21% plunge to pull the bank back under $100 a share.

As the Fool covered this morning, this weakness amongst the ASX 200 banking sector appears to have been driven by the Reserve Bank of Australia (RBA)’s shock 50-basis point interest rise yesterday.

But now that BOQ is at a new 52-week low, there might be some value investors out there wondering if we are seeing a buying opportunity today. Or perhaps income investors too. After all, this share price slide has boosted BOQ’s trailing dividend yield to an eye-catching and fully franked 6.14%.

Well, let’s see what one ASX broker reckons.

Is the Bank of Queensland share price a buy today?

As my Fool colleague covered just yesterday, ASX broker Morgans is eyeing off BOQ shares. Morgans currently rates Bank of Queensland as a “buy”, with a 12-month share price target of $11. That would mean an upside of more than 50% over the next year if Morgans proves accurate with its target.

Morgans is bullish on BOQ over the early successes it is seeing with its transformation program, as well as its “above-system growth” and the cost synergies from the recent ME Bank acquisition.

Not only that, but Morgans reckons BOQ is well placed to keep its dividends coming. It is anticipating dividend raises in FY2022 and again in FY2023.

No doubt existing BOQ shareholders will be very excited after reading these predictions. But only time will tell if they prove to be accurate.

In the meantime, the current BOQ share price gives the Bank of Queensland a market capitalisation of $4.64 billion. 

The post The Bank of Queensland share price just hit a 52-week low. Time to buy? appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Boral rockets, big four banks tumble
• 5 things to watch on the ASX 200 on Wednesday
• Why is Audinate outperforming other ASX tech shares today?
• Analysts name 2 top ASX 200 dividend shares to buy right now
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Sebastian Bowen 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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