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The James Hardie Industries (ASX: JHX) share price is edging lower in morning trade despite the company reporting some strong results this morning. At the time of writing, James Hardie shares are down 2.3%.

Here’s what the S&P/ASX 200 Index (ASX: XJO) buildings products manufacturer reported for the fiscal year ending 31 March 2022, alongside the company’s fourth-quarter (Q4) financial results.

What happened during the quarter and fiscal year?

The James Hardie share price is slipping despite the company reporting a 20% year-on-year lift in its Q4 global net sales to US$968 million.

Global net sales for the fiscal year were up 24% from the prior year, reaching US$3.6 billion.

James Hardie also reported a 42% lift in adjusted net income for Q4 to US$178 million. This helped boost the adjusted net income for the fiscal year by 36%, reaching US$621 million.

As at 31 March, the company had net tangible assets per share of US$2.18. That’s up 43% from the prior year’s US$1.52 per share.

As for dividends, James Hardie paid a first-half dividend of 40 US cents, unfranked, that was paid out to shareholders on 17 December 2021. The 2021 financial year special dividend of US 70 cents was paid out on 30 April 2021.

What did management say?

Commenting on the results, James Hardie interim CEO Harold Wiens said:

I am delighted to report that the James Hardie team has continued to deliver strong execution of our global strategy. This is reflected in strong Price/Mix growth in all three regions, including North America Price/Mix growth of +12%, Asia Pacific Price/Mix growth of +11% and Europe Price/Mix growth of +14%.

The global team’s success in delivering high value products, is the result of (1) enabling our customers to make more money by selling more James Hardie products and, (2) marketing directly to the homeowners to create demand of our high value products through our customers.

What’s next?

Looking ahead, James Hardie reaffirmed its fiscal year 2023 adjusted net income guidance in the range of US$740 million to US$820 million.

That compares to adjusted net income of US$621 million for the fiscal year 2022.

Wiens said:

I believe our strategy, along with the depth in our world class leadership team and 5,000 committed and hard-working employees, will drive James Hardie to meet our mission of being a high-performance global company that delivers organic growth above market with strong returns.

James Hardie share price snapshot

The James Hardie share price has struggled this year to date, down 31%. That compares to a loss of 6% posted by the ASX 200 in 2022 so far.

Over the past five years, James Hardie shares have gained 92%.

The post James Hardie share price stumbles despite 36% lift in annual sales appeared first on The Motley Fool Australia.

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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 Commonwealth Bank of Australia (ASX: CBA) share price is rising on Tuesday morning.

At the time of writing, the banking giant’s shares are up almost 1% to $104.20.

Why is the CBA share price rising?

Today’s gain by the CBA share price could have been driven by the release of an update this morning from Australia’s largest bank.

According to the release, CBA is taking the next step in reimagining banking for customers. This will see the bank focus on building new and innovative customer experiences.

CBA’s CEO, Matt Comyn, explained:

Driving digital innovation for our customers is core to our strategy. This is all about reimagining what it means to be a bank, and the ways in which a bank can anticipate and meet customer needs.

We seek to be the trusted centre of our customers’ financial lives, using technology to build the best integrated and personalised digital experiences to suit all the ways our customers interact with us. Our strategy is to broaden and deepen our distinct and highly differentiated proposition to give customers more reasons to bank with the Commonwealth Bank.

Digital home loan launch

From today, CBA launching a new digital home loan, Unloan, which provides one, simple, low cost interest rate.

The release notes that owner-occupiers who refinance to Unloan will pay an interest rate of 2.14% (2.06% comparison rate) and investors 2.44% (2.36% comparison rate).

Digital applications take as little as ten minutes and customers receive a loyalty discount that grows by 0.01% p.a. every year, up to 30 years.

Mr Comyn revealed that the bank made the move in response to the “growing number of Australians [that] are ready to consider a digital home loan that’s easy to get and more rewarding to live with.”

Kit app launch

CBA is also launching a money app and digital information tool for kids, Kit. This aims to help kids learn about money, how to save, how to budget and how to manage their spending.

The bank highlights that with their own Kit account and prepaid card, kids can manage their own earning, saving, and spending through fun, experiential learning.

Kids can earn money on ‘chores PayDay’, create savings ‘Stacks’, access their money through an ATM and tap their card to make purchases. Whereas in Boss Mode, parents have access to sophisticated controls such as spend limits and card and PIN protection, which can be tailored to each child in the family.

CommSec in the CommBank app

CBA also revealed that it is planning to make Australia’s leading digital stockbroking service, CommSec, available in the CommBank app.

Mr Comyn revealed that the company is making the move in response to customer feedback. He commented:

With active CommSec online investors more than doubling over the past two years, from 750,000 in December 2019 to 1.52 million in November 2021, our customers have told us they want a simple, safe way to invest in equities and other asset classes, using a reliable platform from a trusted institution with sophisticated functionality made easy.

Yello customer recognition launch

A final initiative that CBA has announced is the launch of is CommBank Yello. It is a new recognition program that better rewards customers with specific, personalised benefits and offers.

The release advises that Yello will be available to more than six million retail customers with a banking account, with benefits tailored to customers depending on their products and tenure with the bank.

CBA intends to provide a range of benefits that will evolve over time, including discounts, cash backs and additional services and tools to recognise its existing customers. The recognition program will be progressively rolled out to our customers later this year.

Mr Comyn concludes:

With CommBank Yello there are no tiers, no statuses and no need to spend more. We simply want to recognise customers for the depth and duration of their relationships with us by offering them tangible value and ways to save. It’s our way of thanking customers for continuing to bank with us.

The post CBA share price higher on customer experience update appeared first on The Motley Fool Australia.

More reading

• Here’s why the CBA share price could soon be in for some pain
• This is the best ASX bank share to buy in a rising rate environment: Citi
• Top brokers name 3 ASX shares to sell today
• Inflation to ‘peak shortly’: CBA boss says markets have priced in too many rate rises
• Broker says the CBA share price is expensive and a sell

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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The Beach Energy Ltd (ASX: BPT) share price has tracked higher in 2022 and is now more than 30% higher than it was at the start of the year.

Beach Energy shares have swung over a fairly wide range over the past three months as well, and have seen a small dip over the last five trading sessions.

However, in early trade this morning, the oil and gas producer’s share price is up 2.75% at $1.68.

Are Beach shares cheap?

Analysts at JP Morgan are overweight on Beach Energy shares and reckon there’s plenty of upside yet to be baked into the miner’s growth engine.

“Beach reported a strong quarterly result with higher than expected revenue driven by strong commodity prices,” the broker said in a recent note.

Such a result was helped by Beach’s “exposure to a diversified suite of assets in Australia”.

The company is net cash and therefore Beach has the strongest balance sheet of the large-caps under coverage. While we like the company’s leverage to East Coast gas prices, we also see some risks given the recent issues with well interference at the Western Flank. Nonetheless, at the current valuation, we remain Overweight-rated.

JP Morgan rates Beach Energy a buy on a $1.85 price target, not too shy from the other 12 brokers urging their clients to buy, per Bloomberg data.

However, within this coverage, three analysts also advocate to sell – two of those being Morgan Stanley and Macquarie.

Otherwise, the sentiment towards the company is tilted heavily towards bullish, and most of the commentary is tipping Beach to perform well throughout the remainder of 2022.

Meanwhile, the consensus price target from all coverage according to Bloomberg is $1.92 per share, suggesting around 14% upside potential.

Beach Energy share price snapshot

In the last 12 months, the Beach Energy share price has climbed more than 27% and is tracking around 2% higher for the last month of trade.

The post Up 30% in 2022, is it too late to buy Beach Energy shares? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• 5 things to watch on the ASX 200 on Friday
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• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday

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

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

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

What happened

Over the last 24 hours, the price of Shiba Inu (CRYPTO: SHIB) had fallen roughly 6% as of 1:55 p.m. ET today for no obvious reason, although investors look to be taking a breather after a strong rally in recent days.

So what

Last Thursday, Shiba Inu traded at $0.00000856 at its low for the day. On Friday and into the weekend, it rallied to $0.000014 and currently trades around $0.000012.

Last week was extremely volatile for cryptocurrencies as the price of Bitcoin briefly dipped below $26,000 multiple times while the collapse of the algorithmic stablecoin TerraUSD spooked investors. Shiba Inu outperformed Bitcoin last week.

Part of this could be related to Shiba Inu’s recently launched burning portal tokens, which have begun taking tokens out of Shiba’s current overall supply of more than 587 trillion tokens. Some believe this could help Shiba Inu’s supply-and-demand dynamics and eventually drive the price higher.

Now what

Shiba Inu started as a meme-inspired cryptocurrency and while it has accumulated a decent market cap, I’ve never seen any appeal to the token from a fundamental investing standpoint.

It has no real technical advantage or real-world use case. It has an extremely large amount of tokens and if you thought Bitcoin was hard to value, then Shiba Inu is next to impossible.

Additionally, as the Federal Reserve continues to aggressively raise its benchmark overnight lending rate and begins unwinding its balance sheet, which effectively removes liquidity from the economy, investor appetite for riskier assets is likely to decline. I would expect this to be even more of a case for an asset like Shiba Inu, which is why I would recommend staying away.

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

The post Why Shiba Inu is down today appeared first on The Motley Fool Australia.

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• Good riddance to meme speculators ditching Bitcoin: expert
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Bram Berkowitz has positions in Bitcoin.The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

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

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

What happened

It’s Monday, and with the Dow, S&P 500, and Nasdaq all down fractions of a percent, it seems stock markets are going into the red again today — and so is Tesla (NASDAQ: TSLA).      

As of 11:10 a.m. ET, Tesla shares have fallen 4.2% on reports that COVID-19-related lockdowns in China have dented the company’s (still impressive) market share in electric vehicles (EVs) — and that the situation won’t be immediately fixed.

So what

Tesla remains “dominant” in EVs, reports TheFly.com today, retaining a 20% market share, but competition is heating up and the company lost market share to new rivals in 2021. For consumers, this is great news — investment bank Bernstein says most growth in EV sales last year came from new models, “highlighting the pace of innovation in EVs” and providing new options for car buyers. With Tesla no longer the only game in town, it makes sense that its market share would begin to erode.  

That being said, Tesla’s problems are magnifying in 2022 as the coronavirus crisis in China continues to drag on. Last week, you’ll recall, shutdowns to contain COVID in Shanghai in April slowed Tesla’s production to as few as 200 cars per day. Today, Reuters reports Tesla is haltingly restoring production, and back to 1,200 units per day — less than half capacity — but has postponed by another week its plans to ramp to 2,600 units per day.  

Now what

Are these problems big enough to justify subtracting $32 billion from Tesla’s market capitalization, though? I don’t think so.

Consider: Tesla’s production in China may have been interrupted by COVID. Recovery of past production levels may have been delayed by another week. But at 1,200 cars per day (i.e., 438,000 vehicles a year), Gigafactory Shanghai is already nearly back to its production levels of 2021 (484,100 vehicles). If it takes Tesla another week — or another month, or even another two months — to get Shanghai producing 2,600 units per day, in the big picture that’s really insignificant. Whenever Tesla gets to that level, the company will be producing just 949,000 vehicles per year at just this single factory — more than Tesla sold worldwide last year!

Seems to me, just the promise that Tesla is working toward this goal is good news for Tesla stock — and today’s sell-off is a buying opportunity. 

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

The post Why Tesla stock got dented today appeared first on The Motley Fool Australia.

More reading

• Why Tesla stock is falling again today
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• Why Tesla stock dropped, then popped on Monday

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

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

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The Brambles Limited (ASX: BXB) share price has come under pressure on Tuesday.

In morning trade, the logistics solutions company’s shares are down 7% to $10.75.

Why is the Brambles share price sinking?

Investors have been selling down the Brambles share price today following the release of an update on a takeover approach.

On Monday, the company confirmed speculation that it was in takeover talks with private equity giant CVC Capital Partners.

As we covered here, CVC was reportedly considering bidding around $20 billion for the pallet and container maker. Based on the Brambles share price at the time, this would imply a premium of ~30%.

However, Brambles advised that the “engagement is preliminary, incomplete and there has been no formal proposal received from CVC.” It went on to warn that there was “no certainty that the engagement will lead to a binding proposal being received from CVC.”

What’s the latest?

As you might have guessed from the Brambles share price reaction, today’s takeover update has not been a good one.

According to the release, CVC Capital Partners has decided to walk away from discussions with Brambles.

The company advised:

Brambles informs the market that CVC has today advised that it will not be putting forward a proposal nor seeking to conduct detailed due diligence at this time due to the current external market volatility. The engagement has therefore concluded earlier today.

What now?

As per yesterday’s announcement, the Brambles board and management team remain focused on implementing the Shaping our Future transformation plan.

This plan builds on the strength of Brambles’ sustainable business model to transform the business and unlock value for customers and shareholders.

Though, it will also continue to explore other options for the company that maximise shareholder value.

The post Brambles share price sinks 7% after takeover talks collapse appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX shares today
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• Brambles share price on watch as takeover talks confirmed

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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“Meme-stock speculators” selling out of Bitcoin (CRYPTO: BTC), while driving the valuation lower, is the best thing for the cryptocurrency market in the long run.

That’s according to DeVere Group chief Nigel Green, who said it will allow serious investors to buy in without unnecessary inflation of prices.

“This army of get-rich-quick speculators who were all about price frenzies, rather than the actual inherent value of digital, borderless, decentralised money, are now disappearing as crypto prices have lowered.”

The Bitcoin price has lost more than 34% so far this year in Australian dollar terms, and an ugly 21% over the past fortnight.

The flagship crypto has more than halved since early November.

Why this bear market is different from the last one

The last time crypto entered such a bear market was in 2018, marking the start of a long two-year “winter” for digital assets.

But eToro crypto analyst Simon Peters notes the world in 2022 is very different from that time.

“Institutional investors now make up a much bigger proportion of the market, which has already had an observable impact upon not just prices, but the way the market moves,” he said.

“In a positive sign for long-term investors in the crypto space, Goldman Sachs Group Inc (NYSE: GS) and Barclays PLC (LON: BARC) have just tied up a deal to invest US$500 million in Elwood Technologies — an institutional crypto investment platform.”

Green agrees, saying the exit of speculators and “memers” leaves behind a more serious community of crypto investors.

“This is evidenced by the ever-increasing global level of institutional and sovereign investment into the world’s largest cryptocurrency,” he said.

“For these investors, who bring with them enormous capital and clout, the robust fundamentals of it being a digital, global, viable, decentralised, tamper-proof, unconfiscatable monetary system remain – and, in fact, are becoming more valuable as time goes on.”

Bitcoin still the ‘best-performing asset class of the decade’

Despite the large drop in value over the past six months, Green pointed out that Bitcoin is still above its 2020 and 2021 lows.

“Financial markets are going through a period of readjustment as monetary policies are normalised,” he said.

“But as the sugar-rush of free money eases, we can see the real value of assets.”

Bitcoin remained the “best-performing asset class of the decade”, Green added.

And now with the speculators gone, the big investors will be more attracted to crypto, providing stability.

“Without heat and hype affecting prices, we can expect further significant waves of institutional investment into crypto.”

The post Good riddance to meme speculators ditching Bitcoin: expert appeared first on The Motley Fool Australia.

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• Could the next crypto collapse flow through to ASX shares?
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Motley Fool contributor Tony Yoo has positions in Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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 for dividends shares for you income portfolio? If you are, you may want to check out the two listed below.

Here’s what you need to know about these ASX dividend shares:

Coles Group Ltd (ASX: COL)

The first ASX dividend share to consider is this supermarket giant. Coles could be a great option for income investors due to its defensive qualities, strong market position, and solid long term growth prospects.

The latter is being underpinned by its Refresh Strategy, which is leading to significant investments in its online business, distribution, and automation.

The team at Morgans is positive on the company and has an add rating and $20.65 price target on its shares. The broker is also forecasting fully franked dividends of 61 cents per share in FY 2022 and then 64 cents per share in FY 2023.

Based on the latest Coles share price of $18.61, this will mean yields of 3.3% and 3.4%, respectively, over the next two years.

Harvey Norman Holdings Limited (ASX: HVN)

Another ASX dividend share that could be in the buy zone is retail giant Harvey Norman.

The team at Goldman Sachs is very positive on the retail giant and has a buy rating and $5.80 price target on its shares. Its analysts believe Harvey Norman is better value than JB Hi-Fi Limited (ASX: JBH) and has stronger prospects.

It commented: “[W]e prefer HVN due to more protection from online competition given higher regional and boomer exposure as well as lower valuation vs JBH which we believe has been under-investing in the face of softening sector growth and intensifying competition.”

Goldman also expects big dividends in the coming years. It is forecasting fully franked dividends of 43.3 cents per share in FY 2022 and 39.6 cents per share in FY 2023. Based on the current Harvey Norman share price of $4.50, this will mean yields of 9.6% and 8.8%, respectively.

The post 2 top ASX dividend shares analysts are tipping as buys this month appeared first on The Motley Fool Australia.

More reading

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• Do Coles shares offer a dividend reinvestment plan?
• Is the Coles share price an inflation hedge?
• Analysts name 2 ASX dividend shares to buy with growing yields

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 Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET and Harvey Norman Holdings 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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It’s been a disappointing 30 days for the Rio Tinto Limited (ASX: RIO) share price.

Before market open today, Rio Tinto shares are $104.40 apiece, 14.19% lower than this time last month.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has tumbled 6.24% in that time.

So, what’s driven the iron ore giant to underperform the market recently? Let’s take a look.

What’s been going wrong for Rio Tinto stock?

There are two major happenings that have likely been weighing on the Rio Tinto share price lately.

The release of the company’s production results for the first quarter of 2022 was the first.

Its production of iron ore and aluminium slumped over the three months ended 31 March, while its copper production recorded an increase.

Still, the company didn’t drop its financial year 2022 production guidance on the back of the disappointing quarter.

But that wasn’t enough to sate the market. The Rio Tinto share price slid 2.7% following the update on April 20.

Secondly, the price of iron ore is currently sitting at around US$125 a tonne, down from around US$150 a tonne this time last month, according to Trading Economics.

Much of the steel-making ingredient’s slump was seemingly due to rising COVID-19 cases in China and resulting continuing lockdowns.

The price of aluminium and copper also tumbled over the period.

Rio Tinto share price snapshot

Rio Tinto’s stock is recording a mixed performance over the long term.

It is currently 4.7% higher than it was at the start of 2022. That means it’s outperformed the ASX 200 by around 11% this year so far.

However, it has tumbled 17% over the past 12 months. Meanwhile, the index has gained 1%.

The post Why has the Rio Tinto share price dumped 14% in a month? appeared first on The Motley Fool Australia.

More reading

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

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ASX dividend shares could be the answer for generating investment income.

Interest rates are still very low at this stage. After the recent ASX share market volatility, some businesses have seen price declines. This has also had the impact of pushing up potential dividend yields.

Here are two businesses that could be attractive for dividends:

Adairs Ltd (ASX: ADH)

Adairs is a business that sells homewares and furniture. The company has three different brands – Adairs, Mocka, and Focus on Furniture.

In terms of the expected dividend, Adairs is predicted to pay an annual dividend of 19 cents per share in 2022, 26 cents per share in FY23, and 30 cents per share in FY24. This translates into forward grossed-up dividend yields of 10.7% in FY22, 14.7% in FY23, and 16.9% in FY24. Even if the dividend yields aren’t quite that high in the next few years, they are still likely to be pretty high.

The ASX dividend share is setting the growth foundations in a number of ways. In the first half of FY22, it opened two new homemaker centres and upsized four stores. It grew its store floor space by 3.8% in HY22. It increased its membership base by 10% over the prior 12 months, with ‘Linen Lovers’ approaching one million members.

Online sales represent 43% of total group sales and online sales continue to grow across all brands.

A new national distribution centre has been opened and the company’s supply chain consolidation project will be complete by June 2022. This is expected to save a few million dollars in costs annually once fully operational.

The company plans to keep increasing its total retail floor space, expand the range, and grow the Focus on Furniture business (which was recently acquired).

I think the Adairs share price is looking cheap right now, at under 7x FY23’s estimated earnings, according to Commsec.

GQG Partners Inc (ASX: GQG)

GQG is a fund manager that has a variety of investment strategies. Its investment performance is continuing to attract inflows of funds under management (FUM).

In the quarter for the three months to March 2022, it experienced net inflows of US$3.4 billion, despite “an extremely challenging macro environment”.

I think the fund manager has an attractive future if it can continue to win net inflows at the pace that it has been.

In my opinion, the 20% drop in the GQG Partners share price in 2022 makes the projected dividend much more attractive for investors. The ASX dividend share has committed to paying a high dividend payout ratio of its earnings each year.

According to Commsec, GQG is predicted to pay a dividend yield of 9.3% in FY23 and 10.4% in FY24.

I believe the business is setting itself up for long-term growth by offering its investment strategies in other markets outside of the US, such as Australia and Canada. FUM growth could be useful for the GQG profit and dividends because of the operating leverage of the fund’s management model. It doesn’t cost GQG much to manage another $1 billion of FUM.

The post 2 ASX dividend shares with yields above 5% appeared first on The Motley Fool Australia.

More reading

• Top ASX dividend shares to buy in May 2022
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• Are these 2 ASX dividend shares buys in May 2022?
• Analysts name 2 inflation-beating ASX dividend shares to buy

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 positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. 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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