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If you’re looking to add some growth shares to your portfolio, then you might want to take a look at these shares listed below.

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

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first option for growth investors to look at is an ETF that is invested in a group of growth shares. The BetaShares Asia Technology Tigers ETF provides investors with easy access to some of the most exciting tech companies in the Asian market. These are the companies that are leading Asia’s technological revolution and have been tipped to grow strongly over the long term. Particularly given the region’s younger and tech savvy population.

Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider. The company’s platform connects tradies with residential and commercial consumers, providing job leads from homeowners and organisations looking for qualified professionals. Its platform continues to grow in popularity with both consumers and tradies. This is underpinning strong sales growth in FY 2021.

Analysts at Goldman Sachs are very positive on the company’s future. In fact, they see a huge growth runway ahead of it. Last week the broker retained its buy rating and lifted its price target by 20% to $4.10.

WiseTech Global Ltd (ASX: WTC)

A final growth share to consider is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform. This platform allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform. It appears well-placed to continue its strong growth long into the future. This is thanks to its high quality platform, strong market position, and growing freight volumes globally. It also looks set to benefit from its customers making acquisitions, which is expected to lead to increased usage.

Morgan Stanley has an overweight rating and $35.00 price target on its shares.

The post 3 excellent ASX growth shares you need to know about appeared first on The Motley Fool Australia.

More reading

• These ASX 200 CEOs have the most wealth tied up in their companies
• WiseTech (ASX:WTC) CEO tops rich bosses list 5 years on from listing
• 2 exciting ASX tech shares that could be buys
• 2 highly rated ETFs for ASX investors
• Here’s why the Hipages (ASX:HPG) share price is up 34% in a month

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 AFTERPAY T FPO and Hipages Group Holdings Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T 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 Telstra Corporation Ltd (ASX: TLS) share price will be one to watch next month when it releases its highly anticipated full year results.

Ahead of the release, I thought I would look to see what is expected from the telco giant.

Why are Telstra shares on watch during reporting season?

There are a few things for investors to look out for during reporting season if they own Telstra shares. These include its profits, dividend, guidance for FY 2022, restructure update, and capital return plans.

In respect to its profits, Telstra is expecting to report underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the range of $6.6 billion to $6.9 billion. This includes an assumed in-year NBN headwind of approximately $700 million.

From this, a final fully franked dividend of 8 cents per share is expected to be declared. This will bring its full year dividend to 16 cents per share, which is flat year on year. Based on where Telstra shares currently trade, this will mean a yield of 4.25%.

FY 2022 guidance

It has been a long time since Telstra dared talk about growth. But that has all changed recently, which goes some way to explaining why Telstra shares have been in such good form this year.

When Telstra released its half year results in February, the company’s CEO, Andy Penn, revealed that he was aiming for EBITDA growth in FY 2022 and then further growth in FY 2023.

He said: “To get the real benefits from all the effort we’ve already made, Telstra needs to be bold. I’ve set an aspiration for mid to high single-digit growth in underlying EBITDA in FY22 and $7.5 to $8.5 billion of underlying EBITDA in FY23. I am confident we can deliver this if we remain focused.”

Telstra’s restructure

It is possible Telstra will also provide an update on its restructure plans with its full year results.

This restructure will see Telstra split into three separate entities – InfraCo Fixed, InfraCo Towers, and ServeCo.

Mr Penn believes the new legal structure will be an important milestone in Telstra’s T22 strategy and comes at a significant inflection point in the company’s history.

Telstra shares being bought back?

Also giving Telstra shares a boost recently has been the prospect of capital returns in the near future. This follows the recent sale of 49% of its Towers business for $2.8 billion.

Completion of the sale is expected in the first quarter of FY 2022, with Telstra intending to return approximately 50% of net proceeds to shareholders.

Mr Penn has suggested that a share buy-back is likely to be the way these funds are returned. But all will be revealed with its results release.

So there you go. A lot to look out for and a lot that could move Telstra shares during reporting season.

The post Own Telstra (ASX:TLS) shares? Here’s what to look for during reporting season appeared first on The Motley Fool Australia.

More reading

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• Could the Telstra (ASX:TLS) share price be a buy for dividends?
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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 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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There are a lot of different things to consider when it comes to the Fortescue Metals Group Limited (ASX: FMG) share price.

What is Fortescue?

Fortescue is one of the largest iron ore miners in the world. But it’s actually more than 100 years younger than the other two big ASX players of BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO).

It has a number of different operations. That includes the Chichester and Solomon mining hubs. It’s also developing the Western Hub, home to the new Eliwana mine. The Iron Bridge magnetite project was an industry leader in cost and energy efficiency. It will be one of the highest grade magnetite projects in the world, according to management.

It’s currently doing exploration activities in New South Wales and South Australia, as well as in Ecuador and Argentina, and preliminary exploration activities on tenements that are in application in Colombia, Peru, Portugal and Kazakhstan. It’s looking for copper, gold and lithium.

But what are some of the things that investors are thinking about the Fortescue share price right now?

The iron ore price

Commodity prices have a major impact on the profit that resource companies can generate. This in turn can have a sizeable effect on the Fortescue share price.

Higher iron ore prices is leading to bigger profit for Fortescue.

In the FY21 half-year result, Fortescue saw its realised price for iron ore increase by 42% from US$80.36 per dry metric tonne (dmt) to US$114.02 per dmt. This helped revenue rise 44% to US$9.3 billion and underlying net profit after tax (NPAT) grew 66% to US$4.1 billion.

In the third quarter of FY21, it saw average revenue of US$143 per dmt, which was an increase of 17% from the previous quarter.

Fortescue dividends

Fortescue is committed to paying out a large amount of its profit to shareholders of dividends.

The large iron ore miner has said that it’s going to pay around 80% of its net profit each year to investors. The other 20% is going to be used to fund future growth. It will invest 10% to fund renewable energy growth through Fortescue Future Industries (FFI), with another 10% to fund other resource growth opportunities.

Dividends can make up a large part of potential shareholder returns.

The broker Credit Suisse thinks that Fortescue will pay an annual dividend of $3.61 per share in FY21. That translates to a fully franked dividend yield of 14.3%.

Then, in FY22, it’s expected to pay an annual dividend of $3.85 per share. That suggests a fully franked dividend yield of 15.3%.

Fortescue Future Industries

FFI has been established to identify and pursue renewable energy and green hydrogen projects both in Australia and globally have been identified.

Fortescue wants to leverage its track record of identifying, assessing and developing large-scale resource and infrastructure opportunities. It’s going to bring its capabilities of adopting innovation and technology to ensure future green energy projects to position Fortescue at the forefront of the emerging industry.

It has said that the Government of the Democratic Republic of Congo has invited interested corporations and governments to contact FFI if they have investment or service interest in the Grand Inga Hydroelectric projects including Matadi and Pioka projects.

FFI recently said it’s delivering on some of its targets.

For example, it has achieved successful combustion of ammonia in a locomotive fuel, with a pathway to achieve renewable green fuel. It has also completed the design and construction of a combustion testing device for large marine (ship) engines.

Fortescue share price valuation

At the current Fortescue share price, it’s valued at under 6x FY21’s estimated earnings according to Credit Suisse.

The post Why investors are looking at the Fortescue (ASX:FMG) share price appeared first on The Motley Fool Australia.

More reading

• 2 buy-rated ASX dividend shares with big fully franked yields
• Own Fortescue (ASX:FMG) shares? Here’s what to look for during reporting season
• Macquarie picks the best ASX shares to buy for the August reporting season
• Forecast crash in Aussie dollar to under US70 cents to boost these ASX 200 shares
• The 2 best shares to hang your hat on: fund managers

Motley Fool contributor Tristan Harrison owns shares of Fortescue Metals Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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Are you looking to add some top ASX dividend shares to your portfolio? Then you may want to look at the buy-rated ones listed below.

Here’s why they could be top options for income investors next week:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent. It is a retail group with a growing collection of popular footwear-focused store brands. These include 4 Workers, Glue Store, HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete’s Foot.

Accent has been performing very strongly this year. This is being driven by the popularity of its brands, a favourable shift in consumer spending, strong online sales, and its store network expansion.

The good news is that the team at Bell Potter believe the company still has plenty of growth ahead of it. In light of this, it is recommending Accent as a buy with a $3.30 price target.

As for dividends, Bell Potter is forecasting fully franked dividends of 11.7 cents per share in FY 2021 and then 12.3 cents per share in FY 2022. Based on the latest Accent share price of $2.54, this represents fully franked yields of 4.6% and 4.8%, respectively, over the next couple of years.

Fortescue Metals Group Limited (ASX: FMG)

Another ASX dividend share to look at is this leading iron ore producer. This is because it is currently benefiting greatly from very strong prices for the steel making ingredient.

For example, at the end of last week the spot iron ore price was fetching over ~US$200 a tonne. And while Fortescue’s lower grade product trades at a discount to the benchmark iron ore price, it is still materially more than Fortescue’s cash cost guidance of US$13.50 to US$14.00 per wet metric tonne.

One broker that is positive on the mining giant is Macquarie. It is expecting the company to generate significant free cash flow in the near term, leading to very big dividends.

Macquarie is forecasting fully franked dividends of $3.45 per share in FY 2021 and then $2.45 per share in FY 2022. Based on the latest Fortescue share price of $25.25, this will mean fully franked yields of 13.6% and 9.7%, respectively.

Macquarie has an outperform rating and $27.00 price target on the miner’s shares.

The post 2 buy-rated ASX dividend shares with big fully franked yields appeared first on The Motley Fool Australia.

More reading

• Own Fortescue (ASX:FMG) shares? Here’s what to look for during reporting season
• Macquarie picks the best ASX shares to buy for the August reporting season
• Forecast crash in Aussie dollar to under US70 cents to boost these ASX 200 shares
• The 2 best shares to hang your hat on: fund managers
• How big will the Fortescue (ASX:FMG) dividend be over the next 12 months?

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 Accent Group. 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 on form again last week and rose to a record high. The benchmark index pushed 46.3 points or 0.6% higher to 7,394.4 points.

While a good number of ASX 200 shares pushed higher with the market, some climbed more than most. Here’s why these were the best performers on the index last week:

PolyNovo Ltd (ASX: PNV)

The PolyNovo share price was the best performer on the ASX 200 last week with a 10.2% gain. This was despite there being no news out of the medical device company. However, with its shares sinking a week earlier following a trading update, some investors may have felt they had been oversold. In addition, the healthcare sector was on form last week, which will have given its shares an extra boost.

Iluka Resources Limited (ASX: ILU)

The Iluka share price wasn’t far behind with a 10% gain. Investors were buying the mineral sands company’s shares following the release of its second quarter update. Iluka revealed revenue of $391 million, which was up 75% on the prior corresponding period. A key driver of this was its zircon production, which increased 71% to 71,800 tonnes. Management also noted that zircon sales have strengthened thanks to a return to pre-pandemic production levels among Chinese tile manufacturers.

Nuix Ltd (ASX: NXL)

The Nuix share price was on form and jumped 9.8% over the five days. This was despite there being no news out of the embattled investigative analytics software provider. Though, with its shares down materially this year, bargain hunters may have been swooping in. Especially given the recent exit of its CEO and CFO. This has helped build investor confidence after countless guidance downgrades shattered it. Last month Morgan Stanley put an overweight rating and $6.40 price target on its shares. This compares to the current Nuix share price of $2.81.

CIMIC Group Ltd (ASX: CIM)

The CIMIC share price was a strong performer last week and recorded a gain of 9.4%. This was driven by the release of the engineering company’s half year results. For the six months ended 30 June, group revenue increased 10.6% to $7.1 billion. This was driven by strong performances by its Australian Construction and Services business. On the bottom line, the company reported a net profit after tax of $208 million. This was up slightly from $205.3 million in the prior corresponding period.

The post These were the best performing ASX 200 shares last week 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. owns shares of and has recommended POLYNOVO FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. 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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Some S&P/ASX 200 Index (ASX: XJO) tech shares might be worth a spot in a portfolio looking for long-term growth.

Tech businesses have the potential to realise good profit margins because of the relatively cheap nature of delivering software to clients.

Revenue growth can lead to good profit growth over time.

These are two ASX 200 shares that could be worth looking into:

Netwealth Group Ltd (ASX: NWL)

Netwealth is a business that’s rated as a buy by the broker Macquarie Group Ltd (ASX: MQG). It has a price target on Netwealth of $18.25, which suggests an increase of more than 10% over the next 12 months, if Macquarie is right.

The broker points out that things are looking good for Netwealth with good inflows and good conditions in the investment world. However, one negative is going to be a falling amount of interest it earns on cash held by Netwealth.

Netwealth is a financial services company that provides multiple services such as superannuation (including accumulation and retirement income products), investor directed portfolio services, managed accounts and managed funds.

A couple of weeks ago, the fintech business announced record annual net inflows of $9.8 billion as funds under administration (FUA) exceeded $47 billion. That $47 billion was an increase of $5.3 billion (or 12.7% in percentage terms), including market movement of $2.2 billion from the prior quarter. It was also an increase of $15.6 billion (49.6%) against the prior corresponding period.

The ASX 200 tech share’s FUA net inflows of $3.1 billion for the quarter ending 30 June 2021 was an increase of 102% year on year.

Funds under management (FUM) net inflows were $0.8 billion for the quarter, including $0.7 billion of managed account net inflows.

According to Macquarie, the Netwealth share price is valued at 60x FY22’s estimated earnings.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne is a business that provides a global software as a service (SaaS) enterprise resource planning (ERP) solution. Its offering its about providing software that accessible on any device, anywhere at any time and aims to be very easy to use.

More than 1,200 corporations, government agencies, local council and universities use the software.

The ASX 200 tech share has been winning contracts in the government sector. For example it was chosen by the Australian Department of Agriculture, Water and the Environment to streamline and modernise the operations. Management said this was a significant win against SAP (a European software business).

It continues to invest significantly in extending the functionality and capabilities of its software.

At the time of its half-year result, more than 85% of its revenue was recurring subscription revenue. It’s expecting profit to grow by double digits in FY21.

Over the longer-term, it’s expecting to increase penetration with existing customers, add new customers and expand globally. Over the next few years, its SaaS and continuing business is expected to grow by more than 15% per annum.

It expects its total annual recurring revenue (ARR) to grow to more than $500 million by FY26, from the current base of $233 million. Economies of scale should lead to its continuing profit before tax margin expanding to 35%.

The ASX tech share is currently rated as a buy by Morgans with a price target of $10. It believes TechnologyOne shares are valued at 43x FY22’s estimated earnings.

The post 2 quality ASX 200 tech shares that might be buys appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
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• Guess which sector this week’s top performing ASX 200 shares come from
• ASX 200 edges higher, Crown falls, Pointsbet rises
• These ASX 200 shares were the most heavily traded today

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Netwealth. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited and Netwealth. 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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There are a number of ASX shares that have increased dividends for several (or more) years in a row.

Dividends aren’t guaranteed, but it might be interesting to know some businesses have been growing their dividends for a number of years and might increase the dividend again.

Here are two that might be worth thinking about:

APA Group (ASX: APA)

APA is one of the largest infrastructure businesses on the ASX. It specialises in gas assets. The business owns a large gas pipeline around the country, it transports around half of Australia’s natural gas. It also has investment stakes in assets like gas storage, gas power generation and gas processing.

The ASX dividend share has been diversifying its asset base in recent times with renewable energy. It has exposure to both wind farms and solar farms.

APA has grown its distribution every year for a decade and a half. The gas infrastructure giant pays its distribution from the operating cashflow that it makes each year. That cashflow has been rising thanks to APA’s growing asset base.

It has a number of projects in the works right now.

For example, in December it announced a two phased power expansion agreement with an existing customer, the Gruyere Gold Mine in Western Australia, which will increase total installed capacity by 45% from 45MW to 64MW. This includes creating the ‘Gruyere Hybrid Energy Microgrid’. This is its first hybrid microgrid investment. Total capital expenditure for all expansion works will be approximately $38 million.

APA is also commencing a 25% expansion of its east coast grid. This expansion will be delivered in two stages at a capital cost of $270 million. It will increase winter peak capacity, delivering gas from Queensland and the NT to southern markets.

At the current APA share price, it has a distribution yield of 5.3%.

Bapcor Ltd (ASX: BAP)

Bapcor is a large auto parts business with operations in Australia, New Zealand and Asia.

The ASX dividend share has a number of brands including Burson, Autobarn and various specialist wholesalers, including electrical parts and truck parts.

Bapcor has been increasing its dividend for the last several years. FY21 has seen strong profit growth in these strange COVID-19 times.

Asia is becoming a larger focus for Bapcor. It recently bought 25% of Tye Soon, a Bapcor-like business with operations in Malaysia, South Korea, Australia, Singapore and other Asian countries. It’s also starting a Burson network in Thailand where it wants to open more than 60 locations with a turnover target of $100 million.

In Australia and New Zealand the ASX dividend share wants to grow the number of locations, improve its existing store locations and increase the amount of own brand products it sells.

Bapcor’s FY21 half-year result saw pro forma earnings per share (EPS) growth of 28.9% to 20.7 cents. This helped fund a 12.5% increase of the interim dividend to 9 cents per share.

The current trailing grossed-up dividend yield is 3.2%.

The post These ASX dividend shares keep giving investors a payrise appeared first on The Motley Fool Australia.

More reading

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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 APA Group and Bapcor. 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 was another solid week for the S&P/ASX 200 Index (ASX: XJO). The benchmark index rose 46.3 points or 0.6% over the five days to end at 7,394.4 points.

Unfortunately, not all ASX 200 shares were able to climb higher with the market. Here’s why these were the worst performers on the index:

Silver Lake Resources Limited (ASX: SLR)

The Silver Lake share price was the worst performer on the ASX 200 last week with an 11% decline. The majority of this decline occurred on Friday following the release of the gold miner’s quarterly update. That update revealed that Silver Lake achieved quarterly production of 62,126 ounces of gold and quarterly gold sales of 60,617 ounces. Looking ahead, management expects broadly flat sales with higher all-in sustaining costs in FY 2022.

Altium Limited (ASX: ALU)

The Altium share price wasn’t too far behind with a 9.4% decline over the five days. This was driven by news that US software giant Autodesk has ended takeover talks with the electronic design software company. Autodesk is understood to have verbally offered to increase its takeover offer from $38.50 per share to $40.00 per share, but Altium wasn’t interested.

Evolution Mining Ltd (ASX: EVN)

The Evolution share price was just a touch behind with a decline of almost 9.4%. Investors were selling the gold miner’s shares after brokers responded negatively to its strategy update. Macquarie, for example, downgraded its shares to an underperform rating with a $4.00 price target after its costs and capital expenditure outlook came in much higher than expected. Offsetting some of this decline was a solid gain on Friday following the announcement of a key acquisition.

Crown Resorts Ltd (ASX: CWN)

The Crown share price was a poor performer and sank 8.4% last week. This was driven largely by concerns that the casino operator could lose its Melbourne licence. In addition to this, news that Star Entertainment Group Ltd (ASX: SGR) is walking away from merger talks also weighed on its shares. Although Star remains interested in a potential merger, it notes that there is too much uncertainty at present. Especially given the aforementioned Melbourne casino licence concerns.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• Guess which sector this week’s top performing ASX 200 shares come from
• ASX 200 edges higher, Crown falls, Pointsbet rises
• These ASX 200 shares were the most heavily traded today
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• ASX 200 travel shares slide as New Zealand closes travel bubble

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 Altium. The Motley Fool Australia owns shares of and has recommended Altium. 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 Novonix Ltd (ASX: NVX) share price is having a great month on the ASX.

Shares in the explorer and developer of lithium-ion battery materials have gained 20.4% since this time last month.

30 days ago, the Novonix share price was $2.20. Its shares closed yesterday’s session trading for $2.65 a piece.

So, what’s been driving the Novonix share price lately? Let’s take a look.

The latest from Novonix

The latest news from Novonix hit the market just over a month ago on 23 June 2021.

Then, Novonix announced it was purchasing a second facility to boost its production of battery anode materials.

The new facility is located nearby the company’s original facility in Chattanooga, Tennessee.

It will provide Novonix with 400,000 square feet of space to help boost its production by more than 8,000 tonnes of anode material each year.

The Novonix share price gained 10% over the 3 days following the company’s announcement.

After the new facility is up and running, Novonix expects to be producing 10,000 tonnes of anode each year.

The facility is expected to be in production by 2023.

Novonix also said its discussions with Sanyo Electric Co and Samsung SDI are progressing well.

Novoix’s CEO Chris Burns commented on the news, saying:

We are excited to be announcing this next phase of expansion of our anode materials business in Tennessee. Chattanooga has been a great location for our operations over the past four years, and we look forward to growing the company in the expanding south-east hub of electric vehicle battery manufacturing. We look forward to continuing to work with the great people in Chattanooga, Hamilton County and the State of Tennessee as we help establish the domestic supply chain of key materials for the lithium-ion battery sector.

Novonix share price snapshot

The past month has added to the strong recent performance of the Novonix share price.

Right now, shares in Novonix are trading for 113% more than they were at the start of 2021. They’ve also gained 126% since this time last year.

The company has a market capitalisation of around $1 billion, with approximately 404 million shares outstanding.

The post Why the Novonix (ASX:NVX) share price is up 21% 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 Bruce Jackson.

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If you’re looking for a way to beat the low rates on term deposits, then you may want to look at the ASX dividend shares listed below.

Both these shares are expected to provide yields that are far greater than those on offer with term deposits. Here’s what you need to know:

Adairs Ltd (ASX: ADH)

Adairs is a leading retailer of homewares and home furnishings in the ANZ market. It has a strong presence both in retail parks across Australia and online with its Adairs and Mocka brands.

The company has been a particularly positive performer this year. This has been driven by its strong market position, the housing market boom, and a favourable redirection in consumer spending. This underpinned very strong sales and profit growth during the first half, with more of the same expected in the second half.

And while FY 2022 will be tough due to the company cycling heightened sales this year, a return to solid growth is expected in FY 2023.

Analysts at Goldman Sachs are forecasting fully franked dividends per share of 26 cents in FY 2021, 25.1 cents in FY 2022, and then 26.8 cents in FY 2023. Based on the current Adairs share price of $3.99, this will mean yields of 6.5%, 6.3%, and 6.7%, respectively.

BWP Trust (ASX: BWP)

BWP Trust is the largest owner of Bunnings Warehouse sites in Australia. At the last count, it leased a total of 68 warehouses to the hardware giant.

Thanks to the stunning success of the Bunnings business, BWP has delivered solid earnings and dividend growth over the last few years. In addition, Bunnings’ performance during the pandemic has been especially pleasing, allowing BWP to collect rent as normal over the last 18 months

In light of this, BWP expects to pay a full year distribution of ~18.3 cents per share in FY 2021. Based on the current BWP share price of $4.23, this equates to an attractive 4.3% dividend yield.

The post These ASX dividend shares have yields that beat term deposits 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 recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS 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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