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It has been a volatile week for IDP Education Ltd (ASX: IEL) shares.

Investors were scrambling to buy the ASX 200 stock on Wednesday after it impressed the market with its half-year results.

The student placement and language testing company’s shares were up over 15% following the release.

However, a day later, IDP Education’s shares gave back all these gains and some more and are now trading lower than they were pre-results release.

While this is disappointing, the team at Goldman Sachs is likely to see it as a buying opportunity for investors.

Why this ASX 200 stock could be a buy

Goldman was impressed with the result and remains positive on the company’s outlook despite regulatory tightening measures across its primary destination markets. It explains:

IEL reported a strong 1H24 result, however investor focus has rightly shifted to the outlook for 2H24/FY25 given regulatory tightening measures across IEL’s primary destination markets.

In our view, in an environment of softer market volumes, quality agents that can provide genuine students from a diversity of source markets should be well-placed to gain share, and IEL’s 1H24 result was an initial validation of this thesis (industry volumes -3% vs IEL +33% yoy).

In respect to its language testing business, the broker has trimmed its earnings estimates to reflect regulatory changes. However, it believes the business will return to growth once the market normalises. Goldman said:

[W]e adopt a more cautious stance and reduce our FY24/25/26E volume estimates -4%/-11%/-8% – now forecasting high single digit volume declines in both FY24/25E. Into the medium term, we remain of the view that IELTS can resume growth once Indian market dynamics normalise, particularly given ex-India volumes are growing at a high-teens pace with expansion opportunities into underserved markets such as Africa.

Big returns ahead

Goldman has reiterated its buy rating on the ASX 200 stock with a new price target of $26.60 (from $27.60).

Based on its current share price of $19.99, this implies potential upside of 33% for investors over the next 12 months.

And with Goldman forecasting a 46 cents per share partially franked dividend in FY 2024, this represents a 2.3% dividend yield, boosting the total potential return beyond 35%.

Goldman concludes:

IEL is likely to emerge through this period of short-term regulatory tightening with a more diversified business and stronger SP market position to capitalise on the long-term structural growth in international education, setting up the company for multi-year mid-teens earnings growth. On that basis, the shares represent attractive value, and we reiterate Buy

The post Want to outperform? This ASX 200 stock could generate a 35% return in 12 months appeared first on The Motley Fool Australia.

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More reading

• Why BHP, IDP Education, Pro Medicus, and Whitehaven Coal shares are dropping
• Here are the top 10 ASX 200 shares today
• Why AMP, Core Lithium, Downer EDI, and IDP Education shares are racing higher
• IDP Education share price jumps 15% after crushing first-half expectations
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Idp Education. The Motley Fool Australia has recommended Idp Education. 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 have room in your portfolio for some ASX dividend stocks, then it could be worth checking out the two named below.

They have been rated as buys and tipped to provide investors with attractive yields. Here’s what analysts are expecting from them:

Charter Hall Retail REIT (ASX: CQR)

The team at Citi thinks the Charter Hall Retail REIT could be a good option for investors. It is a supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company.

One of the reasons that Citi likes the company is its “defensive net property income growth.” It also expects some big dividend yields in the near term.

The broker is forecasting dividends per share of 25 cents in both FY 2024 and FY 2025, and then 27 cents in FY 2026. Based on the current Charter Hall Retail REIT share price of $3.74, this will mean very generous yields of 6.7% for two years and then 7.2%.

Citi currently has a buy rating and $4.00 price target on its shares.

Deterra Royalties Ltd (ASX: DRR)

Another ASX dividend stock that has been named as a buy for income investors is Deterra Royalties.

It is focused on the management and growth of a portfolio of royalty assets across a range of commodities. This includes royalties held over Mining Area C, its cornerstone asset, in the Pilbara region of Western Australia.

Morgan Stanley is positive on the company and expects it to be in a position to pay some big dividends in the near term. It is expecting fully franked dividends per share of 40.3 cents in FY 2024 and 30.1 cents in FY 2025. Based on the current Deterra Royalties share price of $5.06, this will mean yields of 8% and 5.9%, respectively.

The broker has an overweight rating and $5.65 price target on its shares.

The post 2 buy-rated ASX dividend stocks with big 6%+ yields appeared first on The Motley Fool Australia.

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• Brokers say these ASX 200 dividend shares are buys
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• 2 ASX dividend shares for income investors to buy today
• Buy these quality ASX dividend shares with 5%+ yields

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Telstra Group Ltd (ASX: TLS) shares were under pressure on Thursday following the release of its half-year results.

Investors were disappointed to see management trim its earnings guidance range for FY 2024 in response to weakness from one side of the business.

Telstra’s shares ended the day over 2% lower at $3.90.

Is this a buying opportunity for investors? Let’s see what analysts at Goldman Sachs are saying about the telco giant.

Are Telstra shares good value?

Goldman has been running the rule over Telstra’s result and believes it was better than the market reaction would imply.

The broker highlights that “NAS challenges overshadow a solid core [result] and drive -2% to -3% EBITDA downgrades, but we believe issues are cyclical.”

The broker picked out a few positives from the result that investors might want to focus on. It said:

Key positives: (1) Mobile EBITDA beat on better costs (and a very small one-off hardware margin benefit). Sub growth was also ahead of GSe, with strong 2Q trading that has continued into 3Q – implying a full CPI mobile price rise is likely this year; (2) NBN re-sale margins improved to 10% (vs. 4%/7% in 1H22/1H23), with some further potential benefit into 2H24 – but we expect the focus to shift to revenue growth; and (3) InfraCo Fixed earnings beat and will accelerate further into 2H24 on improved efficiency and ex-NBN strength.

All in all, Goldman has seen enough to remain positive and has reiterated its buy rating with a trimmed price target of $4.55 (from $4.65).

Based on the current Telstra share price of $3.90, this implies potential upside of almost 17%.

Importantly, Goldman’s dividend forecasts remain unchanged. It continues to expect dividends per share of 18 cents in FY 2024, 19 cents in FY 2025, and 20 cents in FY 2026. This would mean dividend yields of 4.6%, 4.9%, and 5.1%, respectively.

The post Down 12% from their highs: Are Telstra shares a post-results bargain buy? appeared first on The Motley Fool Australia.

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More reading

• 3 high-quality ASX 200 dividend shares to buy for a second income
• 5 things to watch on the ASX 200 on Friday
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?
• Everything you need to know about the Telstra dividend
• Telstra shares tumble on half-year disappointment

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. 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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A number of S&P/ASX 200 Index (ASX: XJO) shares have soared in recent months. Despite that, the investment team at Wilson Asset Management has picked out two stocks that it thinks look cheap.

WAM Leaders Ltd (ASX: WLE) is the listed investment company (LIC) that invests in ASX large-cap shares, which are often called ASX blue-chip shares. The idea is that this zone of the market is full of the strongest and biggest Australian companies.

While they aren’t the biggest businesses on the ASX, the below names are among the leaders across the globe at what they do.  

Orora Ltd (ASX: ORA)

WAM describes Orora as a business that provides glass and can beverage packing in Australia and New Zealand. It also provides packaging solutions including corrugated sheet packaging in North America and Central America. Orora acquired Saverglass last year, a high-end bottle manufacturer based in France.

The investment team suggested that the Orora share price has been impacted since the acquisition because the destocking cycle has been “more aggressive” than first anticipated.

However, results by key international customers of Saverglass – Diageo, LVMH and Remy Cointreau – show that there are “green shoots emerging with customer depletion rates ahead of shipping volumes.”

WAM also pointed out that a surge in South Australian wine exports in late 2023 suggests “strong volumes” for the ASX 200 share’s Australasian business.

The investment team revealed that Orora remains a key holding within the WAM Leaders portfolio and they believe it’s “still trading at a deep discount to its deserved valuation”.

Brambles Ltd (ASX: BXB)

Brambles is another very large ASX 200 share. According to WAM it owns and operates the world’s largest pool of reusable pallets and containers, which are used to transport fast-moving consumer goods, fresh produce, beverage, retail and general manufacturing through its supply chains.

The investment team said that Brambles benefits from the same destocking trends as Orora, with key customers reporting “consistent volume improvements” in the three months to December 2023.

WAM said that the amount of pallets issued is generally an early-cycle indicator, and the rate of decline has slowed, while pallet returns are late cycle, and these are elevated.

In the investment team’s opinion, this suggests excess pallets have “washed through the system”.

Brambles is also a “key holding” in the investment portfolio and WAM expects “another solid result” when it reports later in February.

The post 2 ASX 200 shares trading at a ‘deep discount to their deserved valuation’ appeared first on The Motley Fool Australia.

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More reading

• Are these ASX dividend shares strong buys for passive income?
• Forget term deposits and buy these ASX dividend shares
• Here are the top 10 ASX 200 shares today
• 3 top ASX 200 blue chip shares to buy in February
• Here are the top 10 ASX 200 shares today

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 recommended Diageo Plc. The Motley Fool Australia has recommended Orora. 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 an income investor looking for dividend shares to buy? If you are, then you might want to read on.

That’s because listed below are three top ASX 200 dividend shares that analysts are recommending as buys.

Here’s what you need to know about them:

Charter Hall Group (ASX: CHC)

The first ASX 200 dividend share that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.

Citi is a fan of the company and has a buy rating and $13.50 price target on its shares. It highlights the company’s “strong portfolio and management track record.”

As for dividends, the broker is forecasting dividends per share of 45 cents in FY 2024 and 48 cents in FY 2025. Based on the current Charter Hall share price of $12.36, this will mean yields of 3.65% and 3.9%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 dividend share that analysts rate as a buy is telco giant Telstra.

Goldman Sachs has responded to its half-year results this week by retaining its buy rating with a trimmed price target of $4.55.

In respect to income, the broker continues to forecast fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.90, this equates to fully franked yields of 4.6% and 4.9%, respectively.

Transurban Group (ASX: TCL)

Finally, the team at Citi is also tipping Transurban an ASX 200 dividend share to buy. It manages and develops urban toll road networks in Australia and North America.

The broker responded to Transurban’s half-year results earlier this month by retaining its buy rating with a $15.60 price target.

In addition, Citi is now expecting dividends per share of 64 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $12.94, this will mean yields of 4.9% and 5%, respectively.

The post 3 high-quality ASX 200 dividend shares to buy for a second income appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?
• Everything you need to know about the Telstra dividend
• Telstra shares tumble on half-year disappointment
• Telstra share price on watch amid earnings miss and guidance revision

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Transurban Group. The Motley Fool Australia has positions in and has recommended Telstra Group. 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 uranium shares have been all the rage of late due to a skyrocketing uranium commodity price.

The uranium price is up 110% over the past 12 months and trading at about US$106 per pound.

That’s a 17-year high.

There is strong and rising global demand for uranium as countries embrace nuclear energy as part of the green energy transition.

Supply is currently restricted given so many uranium mines have been on care and maintenance while the uranium price was low.

This supply/demand imbalance is the key driver behind the stratospheric rise in the uranium price.

Fund manager Monash Investors is backing two particular ASX uranium shares for growth.

Which 2 ASX uranium shares does this fundie like most?

The fund manager’s favourite stocks are Paladin Energy Ltd (ASX: PDN), which is the biggest uranium player by market capitalisation, and Boss Energy Ltd (ASX: BOE).

In the January update for the Monash Investors Small Companies Fund, the fundie said both were good contributors to an overall 0.3% increase (after fees) in the fund’s value last month.

Monash describes both ASX uranium shares as “low-risk plays”, commenting:

Both of these companies have large reserves in good jurisdictions, strong management expertise and are low-risk plays on the commodity.

The prospects for uranium supply and demand remain highly favourable.

The Paladin Energy share price is up 63% over the past 12 months.

The Boss Energy share price is up 108% over the past 12 months.

Another fundie, Shaw and Partners, is invested in five ASX uranium stocks, including Paladin Energy shares.

Last month the broker upped its 12-month forecast for the uranium price from US$85 per pound to US$150 per pound. It urged investors to buy uranium stocks now before “panic buying” sets in.

The post 2 ‘low risk plays’ amid surging ASX uranium shares appeared first on The Motley Fool Australia.

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• 3 things to love about ASX uranium shares right now
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• Why these 3 ASX 200 shares leapt into the Motley Fool’s headlines this week

Motley Fool contributor Bronwyn Allen 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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On Thursday, the S&P/ASX 200 Index (ASX: XJO) was able to shake off recent volatility and push higher. The benchmark index rose 0.8% to 7,605.7 points.

Will the market be able to build on this on Friday and end the week on a high note? Here are five things to watch:

ASX 200 expected to jump again

The Australian share market looks set to end the week strongly following a positive night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 70 points or 0.9% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.7%, the S&P 500 is up 0.5%, and the NASDAQ is up 0.15%.

Oil prices storm higher

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a great finish to the week after oil prices stormed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.8% to US$78.00 a barrel and the Brent crude oil price is up 1.5% to US$82.82 a barrel. A weaker US dollar boosted prices.

Insurance giants results

Two of the largest insurance companies on the ASX 200 will be releasing their results today. Insurance Australia Group Ltd (ASX: IAG) and QBE Insurance Group Ltd (ASX: QBE) are both expected to deliver strong results thanks to favourable trading conditions and rising premiums. This could mean bumper dividends for shareholders.

Gold price rises

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a good session after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.6% to US$2,016.7 an ounce. This was driven by a softer US dollar.

Telstra remains a buy

Telstra Group Ltd (ASX: TLS) shares are still a buy according to analysts at Goldman Sachs. In response to the release of the telco giant’s half year results, the broker has retained its buy rating with a trimmed price target of $4.55. It said: “NAS challenges overshadow a solid core and drive -2% to -3% EBITDA downgrades, but we believe issues are cyclical.”

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

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More reading

• This ASX 200 energy stock is predicted to pay a dividend yield of almost 8%!
• Here are the top 10 ASX 200 shares today
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?
• Everything you need to know about the Telstra dividend
• Telstra shares tumble on half-year disappointment

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. 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 S&P/ASX 200 Index (ASX: XJO) energy stock Ampol Ltd (ASX: ALD) is forecast to pay a significant dividend yield to shareholders this year.

Let’s take a closer look at the company and its recent performance.

What does Ampol do?

Ampol is one of the largest petroleum, or “transport energy”, providers in Australia. Previously known as Caltex Australia, the company supplies the country’s largest branded petrol and convenience network. It’s also involved in refining, important and marketing fuels and lubricants.

It has 16 terminals, six major pipelines, 55 ‘wet’ depots and more than 1,800 branded sites (including 690 company-operated retail sites). It has a refinery based in Lytton, Queensland.

The company also has a trading and shipping business that operates out of Singapore and Houston (USA). Ampol owns Z Energy, which sells approximately 40% of all fuel volumes across New Zealand. And it has a 20% interest in Seaoil, a fuel company in the Philippines.

The ASX 200 energy stock could pay a big dividend yield

Ampol is making a solid profit at the moment, enabling the ASX 200 energy stock to pay shareholders a decent dividend.

In its fourth-quarter update recently, the company advised it anticipated its earnings before interest and taxes on a replacement cost basis (RCOP EBIT) for 2023 to be “slightly ahead” of the record results delivered in 2022 — on a continuing basis.

Growth in earnings from non-refining divisions offset a reduction in refinery earnings from the historically high levels in the prior year.

The projection on Commsec suggests that the 2024 earnings per share (EPS) could be $2.86. This would imply the business is trading at 13x FY24’s estimated earnings. From that profit, it could pay an annual dividend per share of $2, translating into a grossed-up dividend yield of 8% if we round it to the nearest whole per cent.

But, keep in mind that the forecast also suggests a slight decline in the EPS in 2025. This could see a dividend of $1.89 per share, which would be a grossed-up dividend yield of 7.25%.

What about the growth of electric vehicles?

Of course, electric vehicles don’t need petrol, which could present a growing headwind for the company in the future.

Ampol recently launched its electric vehicle charging and home electricity solutions to ensure it delivers its customers’ “changing energy needs”.

It’s a good move to put charging stations at service stations, but I’d imagine most people will do most of their car charging at home (or work) rather than at a service station.

However, at this stage, electric vehicles still make up a small number of vehicles on the roads.

Ampol share price snapshot

The Ampol share price has surged 15% over the past six months.  

The post This ASX 200 energy stock is predicted to pay a dividend yield of almost 8%! appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Why is the ASX 200 index crashing 1.5% on Wednesday?

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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…Ready For It? Today is anything but a cruel summer if you’re a Swiftie, with mother playing her first of seven shows in Australia tonight.

If you’re lucky enough to have a ticket to the Eras Tour (like I am), then you will no doubt be preoccupied over the next 10 days.

But when the dust settles and Taylor jets off to Singapore, it could be a good time to look at following in her footsteps with investing.

Taylor’s parents, Andrea and Scott, used to work in the finance industry before becoming full-time supportive parents. Her dad was a stockbroker and a vice president for Merrill Lynch, whereas her mother Andrea was a marketing manager.

In light of her parent’s background, it may not come as a surprise to learn that Taylor reportedly invests the hard-earned money she is making from her albums and tours.

Where does Taylor Swift invest?

According to Forbes, billionaire investor Boaz Weinstein from Saba Capital Management has been told by Scott Swift that his daughter invests in closed-end funds (CEFs).

Weinstein tweeted:

Did you know that @taylorswift13 invests in discounted closed end funds? You think I’m kidding, but her father, Scott, told me so!

A CEF invests in a portfolio of shares and is usually managed by an investment management firm.

They are classed as closed because they are effectively shut to new money once launched. This means that if you want in, you will need to buy a share from someone that already holds the CEF.

In Australia, we have listed investment companies (LICs) that do the same job. This includes Australian Foundation Investment Co Ltd (ASX: AFI) and MFF Capital Investments Ltd (ASX: MFF).

As Weinstein said, the Folklore singer is savvy and looks to buy these funds at a discount to their net asset value. This is the equivalent of buying an Eras ticket that you know to be worth $200 for $180.

This is very smart for a number of reasons. One is that we love getting value for money with our investments. It provides us with a better risk/reward. If something is already trading at a discount, it gives us a greater margin for safety if things don’t go to plan.

In addition, if things do go to plan, your potential gains are even greater because you bought on the cheap. It would be like reselling that Eras ticket for $250.

Why should you invest?

It’s been over five years since Taylor Swift last toured in Australia. Let’s hope it won’t be another five years until she hits our shores again.

But let’s imagine that it will be. If you are in a position to invest in ASX shares between now and then, you could build up a nice little nest egg.

For example, if you were able to put $250 into the share market each month and earned a 10% per annum return (in-line with historical averages), you would have a portfolio worth approximately $20,000 after 5 years thanks to compounding.

That would be more than enough to buy A Reserve Floor tickets if you can bear to see the Ticketek queue page again.

Alternatively, you could find the money for the tickets from somewhere else and keep going with your investment journey.

After all, if you were to keep investing $250 for another 5 years and earned the same return, you would have grown your investment portfolio to a cool $50,000.

I think we can all learn many things from Taylor Swift. And investing is one of them.

The post How to invest like Taylor Swift with ASX shares appeared first on The Motley Fool Australia.

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• 3 ASX All Ords shares with ex-dividend dates in the next week
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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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One of the biggest names on the ASX 200 reported its latest earnings yesterday. That name is Wesfarmers Ltd (ASX: WES), the sprawling conglomerate behind famous retailers like Bunnings, OfficeWorks and Kmart. And income investors, in particular, will be delighted by the latest Wesfarmers dividend.

As we covered on Thursday, these earnings have been well received by investors, who sent the Wesfarmers share price up to a fresh new 52-week high yesterday.

It’s not hard to see why. As my Fool colleague dug into, Wesfarmers delivered a pleasing set of green figures. Revenues for the six months to 31 December rose by 0.5% to $22.67 billion.

Earnings before interest and tax (EBIT) were up 1.6% to $2.2 billion, while net profits after tax (NPAT) vaulted 3% higher to $1.43 billion.

But let’s talk about the Wesfarmers dividend.

What’s new with the Wesfarmers dividend?

Along with the rest of the company’s metrics, Wesfarmers revealed a higher dividend that’s now in store for shareholders. The company’s upcoming interim dividend will be worth 91 cents per share, replete with full franking credits (as is the norm for Wesfarmers).

This newly-revealed payment is a rather historically important one for Wesfarmers.

For one, it represents a 3.4% increase over last year’s interim dividend worth 88 cents per share. Together with October’s final dividend of $1.03 per share, investors are now in line to bank a total of $1.94 in dividends per share over the 2024 financial year. Again, that is an increase over the $1.88 those investors enjoyed over FY23.

But this payment is also the highest interim dividend that Wesfarmers will have paid out since April 2019. And that payment was partially funded by Wesfarmers’ old ownership of Coles Group Ltd (ASX: COL). Coles was spun out of Wesfarmers’ portfolio back in late 2018.

If anyone who doesn’t currently own Wesfarmers shares wishes to secure this upcoming payout, they will need to own Wesfarmers shares by the ex-dividend date of 20 February (next Tuesday).

Wesfarmers is currently running a dividend reinvestment plan (DRP), which will be active for this dividend payment. For any investors who might wish to receive additional Wesfarmers shares in lieu of the traditional cash payment, they will need to enrol in the DRP by 22 February.

Payment day will then roll around on 27 March next month.

At the current Wesfarmers share price of $61.91, this ASX 200 conglomerate has a trailing dividend yield of 3.09%. Plugging in the newly announced dividend, we get a forward dividend yield of 3.13%.

The post Everything you need to know about the new Wesfarmers dividend appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• What can Wesfarmers’ results tell us about the future of ASX lithium shares?
• Why Altium, Goodman, Magellan, and Wesfarmers shares are storming higher today
• Wesfarmers share price pops 5% to new high after dividend hike
• Wesfarmers share price on watch amid stellar first-half Kmart growth

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 positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Coles Group and Wesfarmers. 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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