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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:

Rural Funds Group (ASX: RFF)

The first ASX dividend share to look at is this Australian agricultural property company.

Rural Funds owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. It has a long term target of delivering distribution growth of 4% per annum by owning and improving its farms.

The company has also been known to bolster its growth through acquisitions. In fact, it has recently announced the $104 million acquisition of land and water in Rockhampton, Bundaberg and Maryborough for the development of 5,000 ha of macadamia orchards.

In FY 2022, Rural Funds intends to reward its shareholders with a distribution of 11.73 cents per share. Based on the current Rural Funds share price of $2.63, this represents an attractive yield of 4.45%.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share for income investors to consider is Telstra. This telco giant could be a good option due to its improving outlook and attractive dividend yield.

Telstra’s outlook has been improving materially over the last 18 months thanks to the success of its T22 strategy, cost cutting, its 5G leadership, and the easing NBN headwind. All in all, this has positioned the company for a return to earnings growth in the near future.

In addition to this, the company has just announced a key acquisition for its Telstra Health business and is looking at buying the Digicel operations in the Pacific.

Telstra is intending to pay investors a 16 cents per share dividend in FY 2021. Based on the latest Telstra share price of $3.82, this will mean a fully franked 4.2% yield.

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

More reading

• ASX 200 flat, Suncorp surges, NAB makes Citi acquisition
• TPG, Telstra share prices wobble on ACCC allegations and court action
• These 10 ASX 200 shares hit new 52-week highs this Monday
• Here are 3 ASX 200 shares being heavily traded on Monday
• The economy and ASX earnings in focus. Scott Phillips on Nine’s Late News

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 and Telstra Corporation 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 Monday the S&P/ASX 200 Index (ASX: XJO) started the week on a subdued note. The benchmark index finished the day flat at 7,538.4 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

It looks set to be a positive day of trade for the Australian share market on Tuesday. According to the latest SPI futures, the ASX 200 is expected to open the day 25 points or 0.35% higher this morning. This is despite a poor start to the week on Wall Street, which saw the Dow Jones fall 0.3%, the S&P 500 drop 0.1%, and the Nasdaq edge 0.15% higher.

Challenger results

The Challenger Ltd (ASX: CGF) share price will be on watch today when it releases its full year results. According to a note out of Goldman Sachs, its analysts expect the annuities company to report a normalised profit after tax of $318 million for FY 2021. This is expected to support a 22 cents per share dividend. Looking ahead, the broker is forecasting a 10% increase in profit to $349 million in FY 2022.

Oil prices sink

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could come under pressure today after oil prices tumbled lower. According to Bloomberg, the WTI crude oil price is down 2.1% to US$66.84 a barrel and the Brent crude oil price has fallen 2% to US$69.29 a barrel. Traders were selling oil amid concerns over its outlook due to surging COVID-19 cases.

Gold price tumbles

It could be a poor day for gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) after the gold price dropped again. According to CNBC, the spot gold price is down 1.8% to US$1,731.5 an ounce. The spot gold price hit a four-month low amid concerns the US Fed will start tapering sooner than expected.

NAB shares rated as a buy

The National Australia Bank Ltd (ASX: NAB) share price could be good value according to analysts at Goldman Sachs. This morning the broker retained its conviction buy rating and $30.34 price target on the banking giant’s shares. This follows the announcement of an agreement to buy the assets and liabilities of Citigroup’s Australian consumer business for $1.2 billion. Goldman sees strategic merit in the transaction.

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

More reading

• ASX 200 flat, Suncorp surges, NAB makes Citi acquisition
• These 10 ASX 200 shares hit new 52-week highs this Monday
• NAB (ASX:NAB) share price rises on Citi consumer business acquisition
• Woodside (ASX:WPL) share price edges higher despite falling oil price
• Why ELMO, Flight Centre, Northern Star, & Regis shares are dropping

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 Challenger 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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If you’re looking to add some tech shares to your portfolio, then you may want to look at the shares listed below.

Here’s why these ASX tech shares could be top options for growth-focused investors:

Adore Beauty Group Limited (ASX: ABY)

The first ASX tech share to look at is Adore Beauty. Australia’s leading online beauty retailer has been growing strongly in recent years thanks to the structural shift online which accelerated during the pandemic. The good news is that with online penetration rates for beauty products still much lower than other categories, Adore Beauty appears very well-positioned to continue its growth over the next decade.

UBS has a buy rating and $5.60 price target on the company’s shares.

Life360 Inc (ASX: 360)

Another tech share to look at is Life360. It is the San Francisco-based technology company behind the eponymous Life360 mobile app. This is a market leading app for families, offering features such as communications, driver safety, and location sharing. At the end of June, it had more than 32 million users on its platform. This was over 4 million more than it had just three months earlier.

Credit Suisse has an outperform rating and $10.00 price target on its shares. It is confident the company can exceed its guidance in FY 2021.

Xero Limited (ASX: XRO)

A final ASX tech share to look at is Xero. This cloud accounting and business platform provider has been growing at a rapid rate in recent years thanks to its successful evolution into a full-service solution and the ongoing shift to the cloud. Positively, despite the company now having 2.74 million subscribers, it is still only scratching a the surface of its global market opportunity. For example, 1.56 million or 57% of these subscribers are from the relatively small ANZ market, which demonstrates just how large its market is outside the home market.

Goldman Sachs is very positive on Xero’s future. It currently has a buy rating and $153.00 price target on its shares.

The post 3 excellent ASX tech shares appeared first on The Motley Fool Australia.

More reading

• 3 great ASX tech shares that might be good buys
• It’s been a great week for the Xero (ASX:XRO) share price
• Why Objective, Pinnacle, Resolute, & Xero shares are pushing higher
• ASX 200 midday update: Energy shares drop, Resolute jumps, Xero higher
• Xero (ASX:XRO) share price rises on app store news and broker note

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. owns shares of and has recommended Life360, Inc. and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia owns shares of and has recommended Xero. 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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Fortunately, in this low interest rate environment, the ASX 200 is home to a number of shares offering generous yields.

Two ASX 200 dividend shares that could be in the buy zone are listed below. Here’s what you need to know about them:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The first ASX 200 dividend share to consider is ANZ. It could be a top option for income investors that don’t already have exposure to the banking sector.

This is due to its significantly improved outlook, which is being underpinned by Australia’s strong economic recovery from the pandemic, the thriving housing market, and cost reductions.

In fact, things have been so positive that ANZ is returning significant capital to investors. It has just announced a $1.5 billion on-market share buyback despite the lockdowns. It also hinted that its surplus capital means further capital management could be coming once things stabilise.

Analysts at Morgans are positive on the company and have an add rating and $34.50 price target on its shares.

The broker is also forecasting fully franked dividends of $1.45 per share in FY 2021 and then $1.65 per share in FY 2022. Based on the latest ANZ share price of $28.89, this represents yields of 5% and 5.7%, respectively.

BHP Group Ltd (ASX: BHP)

Another ASX 200 dividend share to look at is BHP. This mining giant could be a top option for income investors, especially those that are looking to diversify their portfolio by investing in the resources sector.

The Big Australian has a diverse portfolio of world class operations that are benefiting greatly from both strong demand and pricing for commodities. And thanks to its low production costs, this has positioned the company to generate significant free cash flow in the near team.

The team at Macquarie expect this to support very generous dividend payments. The broker is currently forecasting fully franked dividends per share of approximately $3.71 in FY 2021 and then $3.62 in FY 2022. Based on the latest BHP share price of $51.69, this will mean yields of 7.2% and 7%, respectively.

Macquarie currently has an outperform rating and $60.00 price target on its shares.

The post 2 ASX 200 dividend shares named as buys appeared first on The Motley Fool Australia.

More reading

• BHP (ASX:BHP) share price struggles amid renewed climate pressure
• How is the Mineral Resources (ASX:MIN) share price holding up against the materials sector?
• ASX 200 Weekly Wrap: Blockbuster Afterpay deal turbocharges ASX to new record highs
• If you invested $1000 in ANZ (ASX:ANZ) shares a decade ago, this is how much it would be worth now
• 2 ASX 200 bank shares rated as buys

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 Bruce Jackson.

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Monday has drawn to a close… The week has only begun, and the ASX share market is already alive with companies reporting their earnings. Markets reacted quite differently between three big-name ASX shares that released their results today.

We’ll quickly unwrap the results and then wrap it back up for tomorrow:

Those that delivered today

Suncorp Group Ltd (ASX: SUN)

Shares in the Queensland-based financial services company climbed 7.84% to $12.79. This followed the release of the company’s FY21 results, which revealed a solid performance.

The takeaway points:

• Revenue down 4% to $14,187 million
• Cash earnings up 42.1% to $1,064 million (vs Goldman Sachs estimate of $1,005 million)
• Net profit after tax up 13.1% to $1,033 million
• Final dividend of 40 cents per share and special dividend of 8 cents per share
• $250 million on-market share buyback

Transurban Group (ASX: TCL)

Shares in ASX-listed Transurban didn’t fare as well, slipping 1.96% to $14.03. Controversy regarding the company’s West Gate tunnel project appears to have weighed on investor sentiment. In addition to this, the company’s financials were down across the board.

The takeaway points:

• Transurban reported earnings before interest, tax, depreciation, and amortisation (EBITDA) of around $1.81 billion – down 3.3% on FY20
• Approximately $2.26 billion revenue – down 0.3% year-on-year
• Free cash decreased 13.5% to around $1.27 billion
• Dividends totalling 31.5 cents over FY21, including a 21.5 cent final dividend

ELMO Software Ltd (ASX: ELO)

Lastly, from bad to worse, the ELMO Software share price took a thumping after releasing its FY21 results. Shares in the cloud-based HR platform provider sank 7.62% to $4.97.

The takeaway points:

• Annualised recurring revenue (ARR) of $83.8 million, up 52.1% on FY2020 figures. Organic growth of 26.0% in mid-market and small business operations, as well as recent acquisitions, helped deliver this result.
• Full-year revenue climbed to $69.1 million, up 37.9% on FY2020 figures.
• Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $0.4 million compared to a $2.9 million loss in FY2020.
• Gross profit of $59.9 million compared to $42.8 million in FY2020.

ASX shares reporting tomorrow

Tuesday is set for another handful of results to be reported by ASX-listed companies. These include Challenger Ltd (ASX: CGF), Megaport Ltd (ASX: MP1), and Janison Education Group Ltd (ASX: JAN).

The post The ASX reporting wrap-up: Suncorp, Transurban, ELMO appeared first on The Motley Fool Australia.

More reading

• ASX 200 flat, Suncorp surges, NAB makes Citi acquisition
• Here are the 10 top moving ASX shares on Monday
• These 10 ASX 200 shares hit new 52-week highs this Monday
• Transurban (ASX:TCL) share price slumps amid latest West Gate Tunnel drama
• Suncorp (ASX:SUN) share price surges as FY21 earnings outperform

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. owns shares of and has recommended Elmo Software and MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Elmo Software. The Motley Fool Australia has recommended MEGAPORT FPO. 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 S&P/ASX 200 Index (ASX: XJO) was flat today, at 7,538 points.

Here are some of the highlights from the ASX:

Telstra Corporation Ltd (ASX: TLS)

One of the biggest ASX 200 shares to announce some news today was Telstra.

The big telco said that it is acquiring MedicalDirector, a leading GP clinical and practice management software company for an enterprise value of $350 million.

Management said that this acquisition was a key step for Telstra Health to offer a connected and improved digital health experience for all.

Telstra said that its health division has transformed substantially over the past five years and this announcement reflects its continuing maturity as a business and its importance as part of Telstra’s long-term growth strategy. The telco also said it reflects its continued growth into a global business, including strengthening its presence in the UK.

MedicalDirector’s software as a service (SaaS) solutions support GPs and other specialists and pharmacies in the Australian healthcare industry. It currently supports approximately 23,000 medical practitioners and is used to deliver more than 80 million consultations a year.

Telstra said it would significantly increase investment in MedicalDirector to grow the business.

The Telstra share price ended the day higher by around 0.5%.

National Australia Bank Ltd (ASX: NAB)

A large deal was announced by ASX 200 bank NAB. It’s going to buy Citigroup’s Australian consumer business.

This acquisition, which still requires regulatory approvals, is structured primarily as an asset and liability transfer, with NAB to pay Citigroup cash for the net assets of the business it’s buying, plus a premium of $250 million.

NAB said that based on the anticipated increase in risk-weighted assets of $8.9 billion plus the premium to net assets to be paid on completion, the required equity is approximately $1.2 billion. This valuation implies a multiple of 8x the Citigroup consumer business pro forma net profit of $145 million for the 12 months to June 2021.

NAB believes it can achieve pre-tax cost synergies of approximately $130 million per annum over three years, with the majority of that achieved in the first two years.

The deal is going to be fully funded by NAB’s existing balance sheet. The impact to its capital position is expected to be 32 basis points of NAB’s CET1 capital ratio. Management said the bank remains “well capitalised” with a pro forma CET1 ratio at March 2021 of 11.83%. That’s above its target range of 10.75% to 11.25%.

The NAB share price went up around 1% today.

Suncorp Group Ltd (ASX: SUN)

The Suncorp share price went up around 8% today after the ASX 200 banking and insurance company’s FY21 result.

Suncorp said that its Australian insurance profit rose by 42.4% to $547 million. Banking profit grew by 69% to $419 million. The New Zealand profit fell by 18.4% to $200 million. Total net profit from continuing operations increased 33% to $1.17 billion. Cash earnings grew 42.1% to $1.06 billion.

The business declared a total ordinary dividend that was 83.3% higher to 66 cents. Suncorp’s board also declared a special fully franked dividend of 8 cents per share. It also decided on an on-market share buyback of up to $250 million.

Suncorp CEO Steve Johnston said:

While COVID-19 and the weather will continue to challenge our customers and our team, we know we have good momentum and a program of work that will further improve outcomes for our customers and shareholders.

The post ASX 200 flat, Suncorp surges, NAB makes Citi acquisition appeared first on The Motley Fool Australia.

More reading

• Here are the 10 top moving shares on the ASX on Monday
• TPG, Telstra share prices wobble on ACCC allegations and court action
• These 10 ASX 200 shares hit new 52-week highs this Monday
• Here are 3 ASX 200 shares being heavily traded on Monday
• NAB (ASX:NAB) share price rises on Citi consumer business acquisition

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 Telstra Corporation 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 BrainChip Holdings Ltd (ASX: BRN) share price has soared into the green today, building on the previous month’s momentum.

To illustrate, BrainChip shares finished the day at 55 cents apiece, a 13.5% jump from the previous close.

Let’s dive into what’s behind today’s movement on the charts.

Quick recap on BrainChip

BrainChip Holdings operates in the very niche sector of neuromorphic computing. This is a sub-division of artificial intelligence (AI) that aims to replicate the functionality of the human neuron.

Within this space, BrainChip’s primary focus is on developing its Akida neuromorphic processor unit. The unit is a “new breed of neural processing computing devices” according to the company.

As a result of its efforts thus far, BrainChip has a market capitalisation of $904 million at the time of writing.

What’s behind BrainChip‘s share price movement?

On 5 August, the company announced that its vice president of worldwide sales and marketing, Rob Telson, is a “featured presenter” at the upcoming AI Hardware Summit in Canada.

The Summit is held on 13 September and is actually a “hybrid” event this year, with an online and in-person itinerary.

Its mission is to “help those who are accelerating AI workloads in the cloud and at the edge”. For instance, this year’s theme is “lifting the hood” on how to make AI technology more efficient and affordable.

Telson’s presentation is titled “Intelligent AI Everywhere” and covers how to implement BrainChip’s Akida technology into a “system on a chip” or as “standalone silicone”.

In addition, Telson will demonstrate Akida’s ability to “easily apply efficient AI in edge devices”. This includes in-home automation and remote controls for instance, amid a suite of other features.

Attendees will also witness “real-life examples of (Akida’s) on-chip and off-chip functionality”, as per the release.

Speaking on the appointment, the BrainChip VP said:

I look forward to sharing with those attending AI Hardware Summit – both in-person and virtually – how BrainChip is delivering on next-generation demands by achieving efficient, effective and easy AI functionality everywhere.

There is no market-sensitive information released by the company today so it seems that this company update has had some impact on the BrainChip share price.

BrainChip share price snapshot

TheBrainChip share price has posted a year to date gain of 26%, extending the previous 12 months’ rise of 211%.

Further illustrating this momentum, BrainChip shares have climbed 16.5% in the past week.

These returns have far outpaced the S&P/ASX 200 Index (ASX: XJO)’s climb of around 25% over the past year.

The post Why the BrainChip (ASX:BRN) share price soared 14% today appeared first on The Motley Fool Australia.

More reading

• Why the Brainchip (ASX:BRN) share price is falling 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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On Monday the S&P/ASX 200 Index (ASX: XJO) finished the day flat. The benchmark index finished steady at 7,538.4 points. It was a mixed day for ASX shares.

The question is, which ASX shares delivered the most generously to investors today? Here are the ten stocks that rose to the occasion:

Monday’s top 10 ASX shares countdown

Looking at the top 200 listed companies, Suncorp Group Ltd (ASX: SUN) was the biggest gainer today. Shares in the company increased 7.8% after reporting solid FY21 earnings. Find out more about Suncorp here.

The next biggest gaining ASX share was Latitude Group Holdings Ltd (ASX: LFS). The lending business gained 5.7% to $2.42. Uncover the latest Latitude details here.

Monday’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Suncorp Group Ltd (ASX: SUN)	$12.79	7.84%
Latitude Group Holdings Ltd (ASX: LFS)	$2.42	5.68%
Insurance Australia Group Ltd (ASX: IAG)	$5.22	4.61%
Yancoal Australia Ltd (ASX: YAL)	$2.17	4.33%
QBE Insurance Group Ltd (ASX: QBE)	$11.58	3.21%
Charter Hall Long Wale REIT (ASX:CLW)	$5.12	2.81%
Steadfast Group Ltd (ASX: SDF)	$4.67	2.64%
Healius Ltd (ASX: HLS)	$5.04	2.44%
Zip Co Ltd (ASX: Z1P)	$7.87	2.21%
The Star Entertainment Group Ltd (ASX: SGR)	$3.40	1.80%

Our top 10 ASX shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the 10 top moving shares on the ASX on Monday appeared first on The Motley Fool Australia.

More reading

• These 10 ASX 200 shares hit new 52-week highs this Monday
• How did the Zip (ASX:Z1P) share price respond last earnings season?
• Suncorp (ASX:SUN) share price surges as FY21 earnings outperform
• Why the Tassal (ASX:TGR) share price is surging higher today
• Why Family Zone, IAG, Latitude, & Suncorp shares are charging higher

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. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Insurance Australia Group Limited. The Motley Fool Australia has recommended Steadfast Group Ltd. 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 Telstra Corporation Ltd (ASX: TLS) share price and fellow telco TPG Telecom Ltd (ASX: TPG) have had intraday wobbles after the Australian Competition and Consumer Commission (ACCC) announced it was launching separate court proceedings against the 2 companies, as well as Optus, for allegedly misleading consumers about their NBN speeds.

At the close of trading, shares in Telstra were selling for $3.82 – up 0.53%, and TPG shares were trading at $6.31 – down 0.47%. The Telstra share price was briefly slumped to a $3.79 low early afternoon, and the TPG share price also dropped on the ACCC announcement. The S&P/ASX 200 Index (ASX: XJO), meanwhile, ended the day 0.03% higher.

Let’s take a closer look at the news.

What is the ACCC alleging?

In its statement, the ACCC says the 2 ASX companies and Optus promised home internet speeds of up to 100mbps that they could not deliver on. The telcos promised to test connection speeds once installed and offer alternative plans if the promised rates could not be attained.

The consumer watchdog also alleges Telstra, TPG, and Optus “wrongly accepted payments from certain customers for NBN plans when they were not provided with the promised speeds.”

ACCC chair Rod Simms called the alleged behaviour of the 3 telcos “concerning”.

“Telstra, Optus and TPG each promised to tell consumers within a specific or reasonable timeframe if the speed they were paying for could not be reached on their connection. They also promised to offer them a cheaper plan with a refund if that was the case,” he said.

“Instead, we allege, they failed to do these things, and as a result, many consumers paid more for their NBN plans than they needed to.”

He goes on to further allege the telco giants were aware of these issues and had promised to remedy them.

“We are very disappointed that these companies do not seem to have taken seriously the undertakings they gave to the ACCC,” Simms said.

Motley Fool Australia contacted Telstra and TPG for comments but none were received before publication.

Telstra has been in trouble over NBN speeds before

In early July, Telstra self-reported to the Australian Communications and Media Authority (ACMA) of the same issue of misleading NBN speeds between 2018 and 2020.

Telstra was forced to refund $25 million to consumers and was threatened with a $10 million penalty if the breach happened again. The Telstra share price actually went up on this day.

TPG also has previously tussled with the ACCC. In 2019, the competition ombudsmen attempted to block TPG’s ultimately successful merger with Vodafone Hutchinson.

TPG and Telstra share price snapshot

Over the past 12 months, the TPG share price has decreased 22.5% while the Telstra share price has increased 12.8%. The ASX 200, meanwhile, is 23.4% higher in that time.

Telstra has a market capitalisation of around $45 billion while TPG’s is about $12 billion.

The post TPG, Telstra share prices wobble on ACCC allegations and court action appeared first on The Motley Fool Australia.

More reading

• These 10 ASX 200 shares hit new 52-week highs this Monday
• Here are 3 ASX 200 shares being heavily traded on Monday
• The economy and ASX earnings in focus. Scott Phillips on Nine’s Late News
• Telstra (ASX:TLS) share price rises after regional frequency win
• Telstra (ASX:TLS) share price in focus after announcing $350m MedicalDirector acquisition

Motley Fool contributor Marc Sidarous 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 Telstra Corporation 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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It’s a pretty good day to be an ASX 200 share market investor this Monday. For one, we have seen the S&P/ASX 200 Index (ASX: XJO) hit yet another new all-time high, this one at 7,567 points. But ASX investors might be pretty blase about this new high, seeing as we seem to get another one every few days lately.

However, with the all-time high for the ASX 200, we have also seen many new 52-week highs from other ASX shares. Quite a few today actually. So let’s run through 10 of the most prominent ones this Monday:

10 ASX 200 shares hitting new 52-week highs

ASX 200 company	New 52-week high
Argo Investments Limited (ASX: ARG)	$9.65
Endeavour Group Ltd (ASX: EDV)	$6.95
Goodman Group (ASX: GMG)	$23.73
Medibank Private Ltd (ASX: MPL)	$3.42
Metcash Limited (ASX: MTS)	$4.20
NIB Holdings Limited (ASX: NHF)	$7.69
Pilbara Minerals Ltd (ASX: PLS)	$2.14
Suncorp Group Ltd (ASX: SUN)	$12.93
Telstra Corporation Ltd (ASX: TLS)	$3.83
Wesfarmers Ltd (ASX: WES)	$64.10

As you can see, it’s highs all round for many ASX 200 shares. So what’s behind all of this optimism?

Firstly, it’s worth noting many of these companies were already on the precipice of new 52-week highs. A slight nudge upwards, which was happily provided by the ASX 200 today, was all that was needed to push some shares to their new 52-week highs.

We can put Pilbara Minerals or Telstra in this bucket. In Telstra’s case, this ASX telco closed last week at $3.79 a share so it didn’t need much of a push to hit $3.83 this morning.

Other ASX 200 shares here are benefiting from recently released earnings reports for FY2021. Suncorp is a good example. This ASX financials company released its earnings this morning which were well-received by investors. As a result, the Suncorp share price has surged more than 8% today.

Don’t forget the dividends

You might also note that all of these ASX 200 shares enjoy a reputation as ASX dividend heavyweights. Indeed, many of these ASX shares have trailing dividend yields at the top of the range of what ASX blue chip shares are offering at the present time. This might be telling us that investors are searching for income and yield right now.

Whatever the reasons for each of these ASX 200 shares hitting new 52-week highs, there are no doubt an army of happy investors out there today.

The post These 10 ASX 200 shares hit new 52-week highs this Monday appeared first on The Motley Fool Australia.

More reading

• Here are 3 ASX 200 shares being heavily traded on Monday
• Suncorp (ASX:SUN) share price surges as FY21 earnings outperform
• Why the Tassal (ASX:TGR) share price is surging higher today
• Why Family Zone, IAG, Latitude, & Suncorp shares are charging higher
• The economy and ASX earnings in focus. Scott Phillips on Nine’s Late News

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool Australia has recommended NIB Holdings 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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