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If you’re looking to boost your income with some dividend shares, then you might want to consider the ones listed below.

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

Centuria Industrial Reit (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is focused on building a portfolio of high quality industrial assets to deliver income and capital growth to investors.

The majority of the company’s tenant base is linked to the production, packaging and distribution of consumer staples, telecommunications and pharmaceuticals. In addition, Centuria Industrial has just acquired eight freehold urban infill industrial assets for a total of $351.3 million. Management notes that this expands the company’s exposure across key industrial sub-sectors including distribution centres, cold storage, and transport logistics.

Centuria Industrial REIT also recently reaffirmed its guidance for FY 2022. This includes funds from operations (FFO) of at least 18.1 cents per share and a distribution of 17.3 cents per share. Based on the current Centuria Industrial REIT share price of $3.59, the latter will mean a 4.8% dividend yield for investors.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. It is an Australian property company that owns a diversified portfolio of agricultural assets valued at $1.2 billion across a number of sectors. These properties include almond and macadamia orchards, premium vineyards, water entitlements, cattle and cropping assets.

Management is targeting distribution growth of 4% per annum and aims to achieve by owning and improving properties that are leased to quality tenants.

This strategy has been working very well and has underpinned solid income and distribution growth in recent years. Pleasingly, more of the same is expected in FY 2022, with management intending to increase its distribution by 4% to 11.73 cents per share.

Based on the current Rural Funds share price of $2.69, this will mean a yield of 4.4%.

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

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

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Is it possible that the Woodside Petroleum Limited (ASX: WPL) share price could rise to $27.50 before the end of 2021?

Woodside shares have already been performing for shareholders in recent times.

Over the last month, the Woodside share price has gone up 28%. In the past year it has risen 36%.

Why is the Woodside share price rising?

You’d need to ask all the different buyers and sellers exactly why they decided to transact at the prices they did.

However, investors often like to look at commodity prices to decide what an appropriate price for a resource business is.

According to Oilprice.com, the WTI crude oil price has approximately doubled over the last year. That doesn’t necessarily mean that the Woodside is going to generate twice as much profit as a year ago, but it certainly helps.

But there have been two other market announcements that may also have helped investors’ thoughts about Woodside.

Reported profit growth

Woodside released its FY21 half-year result a couple of months ago.

It said that underlying net profit after tax (NPAT) rose 17% to US$354 million. Free cashflow went up 18% to US$311 million. Operating cashflow rose 19% to US$1.32 billion. Reported net profit after tax soared 108% to US$317 million.

The underlying profit growth and free cashflow increase allowed the board to increase the interim dividend by 15% to US$0.30.

Woodside said in its result that it’s targeting a 30% reduction for operated assets over three years.

The oil business also said that the Sangomar project was on schedule for first oil in 2023.

Woodside has also outlined its energy transition. It’s looking to reduce its emissions by 30% by 2030 and by net zero by 2050. It’s building a diverse portfolio of offsets. New energies will play their part in Woodside’s greener future, with hydrogen and ammonia.

Merger

The biggest impact on the Woodside share price may be its planned merger with the oil and gas business of BHP Group Ltd (ASX: BHP).

New Woodside shares are going to be distributed to BHP shareholders. Woodside shareholders will own 52% of the enlarged business.

Woodside and BHP said that the combined business is expected to deliver substantial value creation for both sets of shareholders from across a range of areas. Here are a number of them:

• Greater scale and diversity of geographies, products and end markets through an attractive and long-life conventional portfolio.
• Resilient high margin operating cash flows to fund shareholder returns and business evolution to support the energy transition.
• A strong growth profile with a plan to achieve a targeted Scarborough final investment decision (FID) in the 2021 calendar year and capacity to phase the most competitive, high-return options within the portfolio.
• Proven management and technical capability from both companies.
• Shared values and focus on sustainable operations, carbon management and ESG leadership.
• Estimated synergies of more than US$400 million (pre-tax) per annum from optimising corporate processes and systems, leveraging combined capabilities and improving capital efficiency on future growth projects and exploration.
• Greater financial resilience, relative to being standalone businesses.

Can the Woodside share price reach $27.50?

The brokers at Macquarie Group Ltd (ASX: MQG) have a price target of $27.25, so it’s nearly $27.50. However, that target is for 12 months into the future, not just the end of 2021.

For FY21, Macquarie thinks Woodside shares are valued at 12x FY21’s estimated earnings with a projected grossed-up dividend yield of 13%.

The post Could the Woodside (ASX:WPL) share price hit $27.50 by the end of 2021? appeared first on The Motley Fool Australia.

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• BHP (ASX:BHP) share price rises amid coal asset sale rumours
• Why the Woodside (ASX:WPL) share price has rallied 24% in 3 weeks
• ASX 200 (ASX:XJO) midday update: Westpac’s $1.3bn earnings hit, Ansell sinks
• NSW has reopened. Time 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 no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Wesfarmers Ltd (ASX: WES) share price has started this week in the red, closing down 0.3% at $54.26 per share yesterday. That makes for a loss of 1.5% over the first 2 trading days.

It also puts the retail giant down 2.7% so far in the new financial quarter (Q2 FY22), which kicked off on 1 October.

By comparison, the S&P/ASX 200 Index (ASX: XJO) is down 0.7% since the closing bell on 30 September marked the end of Q1.

That’s the recent price action.

But how did the Wesfarmers share price perform relative to the benchmark last quarter?

We take a look at that, and some of the big factors moving the price.

How did the Wesfarmers share price perform last quarter?

Wesfarmers started the quarter gone (Q1 FY22) by trading for $59.10 per share.

When the closing bell marked the end of Q1 on 30 September the Wesfarmers share price stood at $55.75, down 5.7% over the quarter.

By comparison, the ASX 200 managed to notch up a 0.3% gain.

It wasn’t all downhill for Wesfarmers shareholders though. In fact, Wesfarmers’ shares hit all-time highs of $66.06 on 20 August.

But by 29 September they’d fallen to a low for the quarter, down some 19% from the highs, at $55.31 per share.

What were ASX investors considering over the quarter?

While COVID-19 restrictions have been with us for far longer than we’d like, and should hopefully be a relic of the past, they continued to occupy investors’ minds in the past quarter.

With its subsidiary holdings including Kmart, Bunnings, and Officeworks all considered essential services and allowed to remain open, many of Wesfarmers’ assets continued to perform well over the quarter.

But the company is more than a retail share. And the Wesfarmers share price looked to have gotten a lift on 16 July when the company reported its Mt Holland lithium project in Western Australia had received ministerial approval.

In August, Wesfarmers again made news over an energy deal.

As my Foolish colleague Brooke Cooper pointed out at the time: “The agreement is between energy infrastructure company Jemena and Wesfarmers’ subsidiary Coregas. It will see green hydrogen supplied to New South Wales’ transport sector for the first time.”

With the Wesfarmers share price having notched an all-time high in the past quarter, it will be interesting to see what the coming months offer for shareholders.

The post How did the Wesfarmers (ASX:WES) share price perform in the last quarter? 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 owns shares of and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Tuesday the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.25% to 7,280.7 points.

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

ASX 200 expected to rise

The Australian share market looks set to bounce back on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 20 points or 0.3% higher this morning. This is despite all the major indices on Wall Street dropping into the red. In late trade, the Dow Jones is down 0.25%, the S&P 500 is down 0.2%, and the Nasdaq is trading 0.1% lower.

Bank of Queensland results

The Bank of Queensland Limited (ASX: BOQ) share price will be on watch today. This morning the regional bank is due to release its full year results for FY 2021. According to a note out of Goldman Sachs, its analysts are expecting Bank of Queensland to deliver cash earnings of $406 million, which will be an increase of 80% year on year. This is expected to underpin a 39 cents per share fully franked full year dividend. This comprises an interim 17 cents per share dividend and a 22 cents per share final dividend.

Oil prices mixed

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) will be on watch after a mixed night for oil prices. According to Bloomberg, the WTI crude oil price is up 0.1% to US$80.58 a barrel and the Brent crude oil price has fallen 0.4% to US$83.30 a barrel. Traders appear to have been taking profit after some very strong gains.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a good day after the gold price pushed higher. According to CNBC, the spot gold price is up 0.3% to US$1,760.5 an ounce. The gold price gained amid growing inflation concerns.

Dividends being paid

It is pay day for the shareholders of a number of ASX 200 shares. Among the companies paying dividends on Wednesday are BlueScope Steel Limited (ASX: BSL), News Corporation (ASX: NWS), and TPG Telecom Ltd (ASX: TPG).

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

More reading

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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 recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Origin Energy Ltd (ASX: ORG) share price has been on a tear in recent weeks. In fact, shares in the energy company have gained 17% in the space of just three weeks.

Many ASX-listed energy shares have been rising in recent weeks as high demand meets constricted supply for energy resources. Illustrating the situation, the price of natural gas in Europe at the moment is at least 5 times higher than it was last year.

Keeping the lights on

A number of various factors have combined to create a difficult energy scenario in Europe. In addition, fears are building that lacking energy supply will flow across China and India in the near term. While the gas industry believes this situation will be a temporary one, that doesn’t change the current scarcity.

As such, countries are buying up supplies where they can at almost any cost. On 1 October, the Chinese government instructed its energy companies to secure supply at all costs, compounding the global price hike. Despite this, China continues to experience widespread power outages as it struggles to meet demand.

All of this bodes well for Origin and its share price. As the company’s CEO Frank Calabria stated in its FY21 annual report:

Australia Pacific LNG was outstanding, safely curtailing output when the market was subdued, and rapidly ramping up production when demand recovered, matching previous daily production records and shipping a record 130 cargoes for the year.

Investors are likely speculating over the potential benefit the shortages could bring to the growth of Origin’s Octopus Energy investment. Already, it’s been revealed that Octopus Energy has tripled in value to £3 billion since its original investment in May 2020.

With fossil fuel prices spiralling out of control, more customers may be drawn to Octopus Energy’s renewable alternative. Octopus supplies 100% green energy sourced from solar, wind, or hydro sources.

Origin share price snapshot

Although the Origin share price has performed well recently, it still is dwarfed by the benchmark on longer timeframes.

For instance, the energy company’s shares have increased 14% in value over the past 12 months. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) delivered a gain of 17.5% during the same period.

Similarly, Origin shares have gained 4% since the start of the year while the ASX 200 is up nearly 9%.

Lastly, for dividend investors, the company is offering a dividend yield of 3.94% at the current Origin share price.

The post Why has the Origin (ASX:ORG) share price rallied 17% in 3 weeks? appeared first on The Motley Fool Australia.

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• These were the best performing ASX hydrogen shares of September
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Motley Fool contributor Mitchell Lawler 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 Bruce Jackson.

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The Adriatic Metals Plc (ASX: ADT) share price has finished Tuesday’s session in the green and closed the day 3.5% higher at $3.31.

That caps off an impressive gain for the precious and base metals explorer, whose share price has climbed 11% in the last month.

Adriatic Metals has scored these gains despite there being no market sensitive information for the company.

So let’s dive in and take a look at what’s fuelling the price action.

Why is the Adriatic Metals share price gaining ground lately?

Adriatic Metals is a producer of precious and base metals such as zinc, lead and silver. It has keen interests in several projects dotted across Bosnia and Serbia involved in each metal.

In the absence of any remarkable news that may directly impact its share price, we have to look to the underlying commodity markets to help understand what’s driving the Adriatic share price lately.

That’s because Adriatic Metals is in a fairly secular position, in that like its peers, it is an ASX resource share that produces commodities. As such, its share price will fluctuate as the price of its underlying commodities fluctuates.

Two of the base metals the company has exposure to – zinc and lead – have had price spikes in the last few weeks.

For instance, the price of zinc has crept up from a previous low of US$3,013/Tonne on 6 October to reach a high of US$3,222/tonne yesterday. That’s a 3-year high for the metal.

Lead has also crept up 7.5% in the last few weeks to trade at US$2,279/tonne, reversing a downward trend that had been in situ since mid-August.

With this in mind, it appears that bullish investors may have grabbed ahold of Adriatic Metals shares on the back of the recent momentum in the broader commodities markets.

And it also appears the strengths are carried through the broader sector, with the S&P/ASX 300 Metals and Mining Index (XMM) gaining almost 4% in the past week as well.

Hence, Adriatic shares could be riding the wave of a stronger underlying commodities market and buying strengths across the broader ASX metals sector.

Adriatic Metals share price snapshot

The Adriatic Metals share price has climbed 42% this year to date and has extended its gains over the last 12 months to 47%.

Each of these returns has outpaced the S&P/ASX 200 index (ASX: XJO)’s return of around 25% in the last year.

The post Why has the Adriatic Metals (ASX:ADT) share price leapt 11% in a month? appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions 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 Bruce Jackson.

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The Brainchip Holdings Ltd (ASX: BRN) share price has had an awful month’s trade on the ASX despite no news having been released by the company.

In fact, the last time the artificial intelligence company updated the market with price-sensitive news was way back in August when it released its earnings for the first half of 2021.

As of Tuesday’s close, the Brainchip share price is 39 cents, 2.5% lower than Monday’s close.

This time last month, Brainchip’s shares were swapping hands for 48 cents apiece. That means the Brainchip share price has dropped a whopping 19.79% over the last 30 days.

For context, the S&P/ASX 200 Index (ASX: XJO) has fallen 1.9% in this time.

Meanwhile, the S&P/ASX Information Technology Index (ASX: XIJ) has dropped 6% over the last 30 days while the S&P/ASX All Technology Index (ASX: XTX) is down 5.6%.

So, what’s been weighing on the global AI company‘s stock lately? Let’s take a look.

Could this be why Brainchip has struggled lately?

The Brainchip share price’s recent slide might have something to do with its founder and CEO Peter van der Made.

On 10 September, the company announced van der Made was in the process of offloading 8,993,315 Brainchip shares. At the time, my Foolish colleague reported the holding was valued at around $4.3 million.

However, the shares were only earmarked the be sold on 10 September. They would actually swap hands 15 trading days later for the volume average weighted price exhibited through the 15-session period.

Thus, on 5 October, the shares left van der Made’s portfolio with the buyer paying $3,659,584.

The Brainchip share price fell 2.5% on the day the swap was completed. However, it fell a similar amount during both the previous session and following session.

Since then, Brainchip’s stock has gained another 2.6%.

Whether or not the boss’ extended trade was weighing on the AI company’s stock is impossible to say.

Though, it’s worth noting van der Made still owns more than 160 million Brainchip shares.

Brainchip share price snapshot

The last month has plunged the Brainchip share price into the longer-term red on the ASX.

Right now, the company’s shares are trading for 9% less than they were at the start of 2021. However, they’re currently valued 6% higher than they were this time last year.

The post Why has the Brainchip (ASX: BRN) share price tanked 20% in a month? appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The Rumble Resources Ltd (ASX: RTR) share price has powered through the session to finished the day 5.21% higher at 50.5 cents.

Rumble shares have been on a bumpy ride lately, having come off previous highs of 54 cents in September. However, they’ve gained 12% in the past week.

Let’s take a look at what’s fuelling this recent price action.

Why is the Rumble Resources share price gaining lately?

The Rumble Resources share price has been gaining ground this past week despite there being no market sensitive information for the company.

However, in the weeks prior to this, Rumble released an update on its Lamil gold-copper project.

The Lamil project is a joint venture with AIC Mines Ltd (ASX: A1M), located in the Paterson Province in Western Australia.

Rumble described the Paterson region as one of the most highly endowed and underexplored mineral provinces in Australia. It already hosts the Telfer copper-gold and Nifty copper mines.

So it stands to reason Rumble is hopeful it will benefit from the same fortunes these two projects have delivered to date.

With this in mind, it appears bullish investors have got ahold of Rumble’s shares after the price of 2 key metals – gold and copper – regained some field position in the past few weeks.

Gold has spiked US$32/t.oz since September 30 while copper now fetches US$4.30/lbs – a 7.5% gain in that time.

Plus the S&P/ASX All Ordinaries Gold Index (XGD) has climbed 5% in the last week. At the same time, the S&P/ASX 300 Metals & Mining (XMM) has clicked up as well, indicating strengths across the broad sector.

Rumble’s position as an ASX resource share that produces a commodity means its share price fluctuates with volatility in the commodity markets.

It makes sense then as to what might be driving investors to bid up the price of Rumble Resource shares, given the strengths in its underlying markets.

Rumble Resources share price snapshot

The Rumble Resources share price has soared over 339% this year to date, extending its gains to 197% in the last 12 months.

These returns are well ahead of the S&P/ASX 200 Index (ASX: XJO)’s return of about 20% in the last year.

The post Why has the Rumble Resources (ASX:RTR) share price leapt 12% in a week? appeared first on The Motley Fool Australia.

More reading

• Why is the Rumble Resources (ASX:RTR) share price leaping 11% today?

The author Zach Bristow has no positions 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 Bruce Jackson.

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The BPM Minerals Ltd (ASX: BPM) share price ended Tuesday’s trading session firmly in the green. This comes after the Perth-based gold, nickel and base-metal explorer provided an update on its exploration activities.

At the closing bell, BPM Minerals finished 7.40% higher to 29 cents apiece.

What did BPM Minerals announce?

In a statement to the ASX, BPM Minerals provided an update for its Western Australia projects.

The company advised that the Rhodes and Ivan Well lead-zinc-silver projects in Earaheedy Basin have now been granted. The site is an emerging base-metal precinct that has been largely untested for deposits.

BPM Minerals stated that external aeromagnetic-photographic interpretations have been completed at both projects. As such, the results show 21 and 13 Litho-Structural lead (Pb), zinc (Zn) and silver (Ag) exploration targets respectively.

Soil and stream sediment geochemical programs have been scheduled for Rhodes and Ivan Well to be completed in November. This is expected to assist with drill targeting and mapping of anomalous structures that may lead to mineralisation.

In addition, the Hawkins Project is slated for a grant in mid-November, with Native Title agreements now well advanced. The Hawkins area is considered to cover a significant strike length of the prospective Frere-Yelma Formation unconformity.

The company noted that ground gravity programs are planned to begin at Hawkins in mid-November. The geological survey is designed to identify areas of accumulations of massive sulphides.

Utilising a combination of airborne magnetics, gravity and passive seismic tools is expected to lead to Pb-Zn-Ag mineralisation. Should this occur, the BPM Minerals share price could potentially shoot higher in future. Investors have already expressed their positive assessment, sending the company’s shares higher today.

BPM Minerals share price summary

Since listing on the ASX in December 2020, it has been a relatively positive year for BPM Minerals, up 20%. The company’s share price accelerated to an all-time high of 59.5 cents in May, before sharply pulling back. 

On valuation grounds, BPM Minerals commands a market capitalisation of roughly $10.8 million, with approximately 37.5 million shares on issue.

The post BPM Minerals (ASX:BPM) share price leaps 7% on exploration update appeared first on The Motley Fool Australia.

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• What’s with the Revasum (ASX:RVS) share price, up over 100% in a week?
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• Is the Super Retail (ASX:SUL) dividend yield really 11%?

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 Bruce Jackson.

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The Regional Express Holdings Ltd (ASX: REX) share price descended today amid reports new competition for the regional airline will soon be taking off.

There’s a new kid ready to move onto Australia’s budget airline block and its name is Bonza. Bonza is expecting to launch early next year and will be focusing on routes that sound very similar to REX’s offerings.

As of Tuesday’s close, the REX share price was $1.58, 2.17% lower than its previous close.

That’s a slightly worse performance than the broader market’s today. The S&P/ASX 200 Index (ASX: XJO) dropped around 0.2% on Tuesday. Meanwhile, the All Ordinaries Index (ASX: XAO) fell 0.3%.

However, REX’s dip was in line with that of its peers. The Qantas Airways Limited (ASX: QAN) share price fell 1% while Flight Centre Travel Group Ltd (ASX: FLT) and Webjet Limited (ASX: WEB) dropped 1.3% and 2.4% respectively.

Let’s take a closer look at the regional airline’s potential new competition.

REX might soon face new competition

The REX share price plunged lower today amid news Australia is set to get a new domestic airline.

Bonza is set to be Australia’s second budget airline after Qantas’ Jetstar. Though, its launch is still subject to regulatory approvals.

Like REX, the airline won’t be offering any international flights. Although, exactly where it will be flying remains a mystery. Bonza is currently in talks with airports around the country to finalise its offered routes.

And, according to reporting in Executive Traveller, the airline will be avoiding the country’s most popular flight paths.

Unlike most airlines, routes between Melbourne, Sydney, and Brisbane won’t be a focus of the airline. Instead, Bonza will reportedly be encroaching on REX’s turf, offering flights to “regional leisure destinations”.

Additionally, the publication states Bonza will be scrapping the luxuries of travel to focus on travellers seeking domestic holidays rather than the business travel market.

Bonza customers won’t have access to airport lounges, reward systems, or business class.

The new airline’s customers will be flying on Boeing 737-8 jets that can each seat 186 passengers. That’s 10 more seats than on REX’s largest plane.

REX share price snapshot

It’s hard to say whether news of Bonza’s planned launch affected the REX share price today. It’s been struggling on the ASX lately.

REX’s stock has fallen 24% since the start of 2021. However, it’s trading for 13% more than it was this time last year.

The post Regional Express (ASX: REX) share price slumps amid new regional competition appeared first on The Motley Fool Australia.

More reading

• Why is the Regional Express (ASX:REX) share price sliding 3% today?
• The Regional Express (ASX:REX) share price is booming 8%. Here’s why
• Why has the REX (ASX:REX) share price gained 6% so far this week?
• Regional Express (ASX:REX) share price takes flight despite extended stand-downs

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 owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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