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The Sayona Mining Ltd (ASX: SYA) share price has come out of a trading halt, recording heavy falls today.

This follows an update from the emerging lithium producer’s update in regards to its recent share placement.

During early afternoon trade, Sayona Mining shares are down 8.25 % to 8.9 cents apiece. In comparison, the All Ordinaries Index (ASX: XAO) is up 0.9% to 7,609 points.

What’s dragging the Sayona Mining share price lower?

Investors are scrambling to sell Sayona Mining shares as the company prepares to dilute existing shareholder value.

According to its release, Sayona Mining advised it has received strong support to raise $45 million through a share placement. The offer was presented to both institutional and professional/sophisticated investors at an issue price of 7.5 cents per share. This equates to roughly 600 million new ordinary shares being added to the company’s registry.

The shares will be split across two separate tranches, with the first portion falling under the company’s listing rule 7.1. This allows up to 15% or approximately 423 million shares to be issued without shareholder approval.

The second portion of shares will be subject to shareholder approval at a General Meeting sometime around 17 August 2021.

Notably, Sayona Mining’s major shareholder and strategic partner, Piedmont Lithium Inc (ASX: PLL) subscribed for $8 million in shares. This is being allocated to the second tranche of the placement.

The funds will be used to support the acquisition of North American lithium and advance Abitibi lithium hub in Quebec, Canada. This comes as the electric vehicle industry in North America is witnessing strong demand for battery metals.

Furthermore, the company will offer a Share Purchase Plan (SPP) to retail investors to raise an additional $5 million. The SPP will be offered at the same price as the placement. The closing date of the SPP is on 18 August 2021.

Management commentary

Sayona Mining managing director, Brett Lynch spoke about the successful placement, saying:

We are delighted by the support for the Placement from major and new institutional investors in Canada, the United States, Asia and Australia, as we build our institutional shareholder base.

The capital raising has been structured to ensure retail shareholders have the same opportunity to participate and we look forward to undertaking the SPP on the same terms as the Placement.

The Sayona Mining share price has gained more than 800% over the past 12 months, and up almost 900% in 2021.

The post Sayona Mining (ASX:SYA) share price sinks 8% on capital raising efforts appeared first on The Motley Fool Australia.

More reading

• Why Life360, Paradigm, Sayona Mining, & Telstra shares are charging higher
• Why the Sayona Mining (ASX:SYA) share price is up 27% today and 750% in 2021
• Here’s why the Sayona (ASX:SYA) share price is plummeting 9%
• These 5 ASX shares are delivering the biggest gains in 2021

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. owns shares of and has recommended Piedmont Lithium Inc. 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 National Australia Bank Ltd (ASX: NAB) share price is tracking well today amid reports it’s looking to throw its hat into the ring to purchase Citigroup Inc‘s banking business circle.

At the time of writing, the NAB share price is trading at $26.24, 0.61% higher than its previous close.

Let’s take a look at what we know about NAB’s possible purchase of Citi’s banking business.  

Is NAB set to buy Citi’s retail bank?

Citi announced its exiting consumer banking in 13 markets, including Australia, in April.  Since then, rumours that the Dutch banking group ING is eyeing off the business have been swirling.

However, yesterday a report in The Australian claimed NAB was challenging ING for Citi’s Australia and New Zealand operations.

Citi is reportedly asking $2 billion for its consumer banking business.

According to the publication, Citi’s banking business could be attractive to NAB as it draws a lower portion of its earnings from mortgages than do Australia’s other big four banks.

When questioned at a parliamentary hearing in April, NAB CEO Ross McEwan didn’t rule out purchasing Citi’s banking business. He said:

Our strategy today is to grow through our own activities, but every business, be it a bank or anybody else, will look at areas that may add to the customer service and make it more efficient, which helps customers longer term with pricing.

ACCC’s concerns

If NAB is contemplating purchasing Citi’s banking business, it may be rattled by previous concerns raised by the Australian Competition and Consumer Commission (ACCC).

In April, ABC News reported that the watchdog’s chair, Rod Sims, said the ACCC might block the sale if it involved one of the big four. Sims was quoted as saying:

Given the five main credit card providers [in Australia] are the big four plus Citigroup, there would certainly be competition concerns if one of the big four wanted to buy this Citigroup business.

NAB share price snapshot

The NAB share price has been performing well lately, gaining 14% year to date.

It has also lifted 44% since this time last year.

The post NAB (ASX:NAB) share price lifts amid news of bid to acquire Citi banking appeared first on The Motley Fool Australia.

More reading

• Why the Commonwealth Bank (ASX:CBA) share price is beating the ASX 200
• ASX 200 Weekly Wrap: COVID wobbles ASX as shares retreat
• It has been a big past year for the National Australia Bank (ASX:NAB) share price
• Is now a good time now to buy National Australia Bank (ASX:NAB) shares?
• NAB (ASX:NAB) share price up following prediction of no rate hike until 2024

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Archer Materials Ltd (ASX: AXE) share price is surging higher today to start the week with a bang. Shares in the Aussie materials technology company have rocketed higher after a price-sensitive ASX announcement prior to market open.

Why is the Archer Minerals share price surging higher?

The Aussie company announced it’s made “significant” progress in its 12CQ chip development. 12CQ is the company’s “world-first qubit processor technology that would allow for mobile quantum computing powered devices”.

Archer said the company’s detected the first quantum information signals that indicate on-chip qubit control. The early indication of on-chip qubit control in “microscopic-scale qubit material” is a significant milestone in its ongoing product development.

The Archer Materials share price rocketed higher on the news as the stock gained more than 13% to start the day.

Archer said it has recorded “continuous wave electron spin resonance” or “cw-ESR” signals arising from a “specially fabricated superconducting on-chip resonator semiconductor device integrating microscopic quantities of qubits”. Quite the mouthful, but good news for shareholders nonetheless.

The company is pushing ahead with its development of “world-first” technology and the focus is clearly on achieving qubit control. Archer hailed the progress as a “major technological feat” and a crucial step forward.

It seems to have done the trick for investors. The Archer Materials share price remains up more than 11% at $1.09 per share, having hit as high as $1.125 per share this morning.

Foolish takeaway

A key development update has sparked a surge in the Archer Materials share price this morning. Today’s development follows other positive progress updates from Archer in recent months.

Shares in the Aussie small-cap technology group have rocketed higher thanks to key milestones in its 12CQ chip development process.

Archer’s shares have now climbed more than 45 per cent higher since trading at $0.75 per share in late June.

The post Why the Archer Minerals (ASX:AXE) share price is surging 12% higher appeared first on The Motley Fool Australia.

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• It has been a big past year for the Qantas (ASX:QAN) share price
• ASX 200 midday update: Wesfarmers makes API takeover bid, BHP & Rio Tinto rising
• Here’s why the Patrys (ASX: PAB) share price is climbing 13% today
• Audinate share price (ASX:AD8) rockets to new all-time high
• Why the Nine Entertainment (ASX:NEC) share price is climbing on Monday

Motley Fool contributor Ken Hall 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 Qantas Airways Limited (ASX: QAN) share price has rallied almost 35% in the last 12-months. But the company’s shares have struggled from a year-to-date perspective, down by around 2% at the time of writing.

The major breakthrough for the Qantas share price came about on 10 November 2020, when it rallied 11% in intraday trading from $4.68 to $5.20. This was driven by news that Pfizer’s COVID-19 vaccine trials had achieved an efficacy rate of more than 90%.

Surprisingly, the Qantas share price is now trading at similar levels as when the vaccine was still undergoing trials.

With Qantas shares seemingly caught in a tug-of-war between bulls and bears, here are some of the factors that have been at play.

Domestic travel proving to be more “resilient”

In a market update on 20 May, Qantas said that “consumer confidence in domestic travel is proving more resilient compared with earlier in the pandemic”.

The company said it was on track to reach 95% of its pre-COVID domestic capacity for the fourth quarter of FY21.

For FY22, the company said that Qantas and Jetstar expect to average 107% and 120% respectively of their pre-COVID domestic capacities.

The Qantas share price rallied 3.54% on the day of the announcement, from $4.52 to $4.68.

Are lockdowns weighing on the Qantas share price?

Qantas reported that the three-day lockdown in Perth during April cost the group an estimated $15 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA).

The airliner also flagged a $29 million impact from Brisbane’s lockdown in late March and a $400 million hit on EBITDA as a result of the Sydney (Northern Beaches) outbreak in December last year.

Last week, the Sydney city-wide lockdown was extended for another week until 6 pm on Friday 16 July.

With a resurgence in COVID-19 cases coupled with a sluggish vaccine rollout, Qantas shares could see continuing volatility as a result of the pandemic for some time yet.

Scott Morrison’s four-phase plan

Earlier this month, Prime minister Scott Morrison announced a four-phase plan for “a pathway out of the COVID-19 pandemic”.

Phase one, which is pretty much where we are now, would be known as “vaccinate, prepare and pilot”, placing a cap on international arrivals and trialling an alternative form of quarantine for vaccinated travellers.

Phase two would see a reduced travel cap and lockdowns to only occur under “extreme circumstances”. Morrison is hoping to be at phase two in 2022.

By the end of phase three, the prime minister hopes to treat COVID-19 more like the seasonal flu, with no need for lockdowns and abolishing caps for returning vaccinated travellers.

And the final phase was described as things being “back to normal”, allowing uncapped inbound arrivals for all vaccinated travellers without the need for quarantine.

While investors in Qantas shares will no doubt be hoping we’re able to advance to phase two and beyond in the short term, this will be reliant to a large extent on the majority of people becoming vaccinated.

The post It has been a big past year for the Qantas (ASX:QAN) share price appeared first on The Motley Fool Australia.

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• ASX travel shares slip as Sydney lockdown extends for another week
• ASX 200 Weekly Wrap: ASX finishes FY21 on a high

Motley Fool contributor Kerry Sun 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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At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is storming higher. The benchmark index is currently up 0.85% to 7,334.9 points.

Here’s what is happening on the ASX 200 on Monday:

Wesfarmers makes takeover offer

The Wesfarmers Ltd (ASX: WES) share price is edging higher on Monday. This follows news that the conglomerate has finally found a takeover target. That target is pharmacy chain operator and wholesale distributor Australian Pharmaceutical Industries Ltd (ASX: API). Wesfarmers has offered to acquire the Priceline Pharmacy owner for $1.38 cash per share. This represents a 21% premium to its last close price. Australian Pharmaceutical Industries’ major shareholder, Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), has agreed to vote in favour of the proposal.

Mining shares rise

BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shares are pushing higher and playing a key role in driving the ASX 200’s strong gain. Both mining giants are up approximately 3% and 2%, respectively, at the time of writing. This has led to the S&P/ASX 200 Resources index rising a solid 2.3%

CBA shares downgraded

The Commonwealth Bank of Australia (ASX: CBA) share price is pushing higher today despite being the subject of a bearish broker note. According to the note, Macquarie has downgraded the banking giant’s shares to an underperform rating but lifted its price target to $88.50. The broker made the move largely on valuation grounds.

Best and worst ASX 200 performers

The Viva Energy Group Ltd (ASX: VEA) share price is the best performer on the ASX 200 with a gain of almost 4%. This morning Goldman Sachs reiterated its buy rating and $2.70 price target on the fuel company’s shares. The worst performer has been the Mercury NZ Ltd (ASX: MCY) share price with a 5% decline. This is despite there being no news out of the electricity company.

The post ASX 200 midday update: Wesfarmers makes API takeover bid, BHP & Rio Tinto rising appeared first on The Motley Fool Australia.

More reading

• Australian Pharmaceutical (ASX:API) share price soars 18% on Wesfarmers bid
• Why the BHP share price is charging higher on Monday
• Wesfarmers (ASX:WES) share price rises on API takeover offer
• Why the Commonwealth Bank (ASX:CBA) share price is beating the ASX 200
• ASX 200 Weekly Wrap: COVID wobbles ASX as shares retreat

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 Washington H. Soul Pattinson and Company Limited and 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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The Patrys Limited (ASX: PAB) share price is starting the week on a strong note. This comes after the therapeutic antibody development company announced new data from non-clinical studies of its cancer-fighting antibody, PAT-DX3.

Patrys is developing a full-sized immunoglobulin G (IgG) antibody and humanised version of a smaller deoxymab antibody fragment to treat cancers through DNA.

During morning trade, the company’s shares are up 13.73% to 5.8 cents.

What did Patrys announce?

In a statement to the ASX, Patrys advised that PAT-DX3 is able to cross the blood-brain barrier (BBB) in an animal model of primary brain cancer. This includes the most aggressive type of cancer, glioblastoma multiforme (GBM).

The company noted that previous studies showed a smaller antibody fragment, PAT-DX1, can cross the BBB. However, this is the first time a full-sized deoxymab (PAT-DX3) has done so.

The company is now planning follow-up studies to compare the effects of both PAT-DX1 and PAT-DX3. Patrys will look at tumour reduction and survival in a range of primary and secondary brain cancer models.

In addition, PAT-DX3 is also being tested to target nanoparticles carrying a payload of anti-cancer drugs specifically to tumours. This allows specific delivery of cancer drugs to multiple types of cancer while having minimal impact on normal, healthy cells.

Patrys CEO and managing director Dr James Campbell said:

We are very excited by this new discovery that opens up a range of development and partnering opportunities for Patrys around PAT-DX3.

As PAT-DX3 shares a common mechanism of action with PAT-DX1, it is expected that it will also localise to both primary and secondary tumours in the brain and selectively kill cancer cells by blocking their DNA Damage Repair (DDR) systems. While Patrys remains focused on preparing for its first-in-human study of PAT-DX1, it is clear that PAT-DX3 is a valuable addition to the company’s deoxymab antibody platform.

About the Patrys share price

During the last 12 months, the Patrys share price has accelerated by more than 380% and more than 141% in 2021. It’s worth noting the company’s share price is nearing its 52-week high of 6.3 cents achieved late last month.

Patrys has a market capitalisation of roughly $105 million, with approximately 1.8 billion shares on its registry.

The post Here’s why the Patrys (ASX: PAB) share price is climbing 13% today appeared first on The Motley Fool Australia.

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• Why we avoid mining and biotech ASX shares: fund manager

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 Audinate Group Ltd (ASX AD8) share price has picked up right where it left off on Friday. Shares in the Aussie digital audio networking technology company jumped more than 7% this morning on the way to a new all-time high.

So, what’s driving the Aussie growth share to new heights?

Why the Audinate share price is surging higher

The major catalyst for this morning’s move appears to be Friday’s FY21 trading update from the Aussie company.

Audinate reported unaudited FY21 revenue of US$25.0 million, up 23% from US$20.4 million in FY20. That includes a strong finish to the year highlighted by 74% quarter-on-quarter growth.

A strong Aussie dollar against the greenback helped Audinate record A$33.4 million in revenue versus A$30.3 million in FY20.

The Audinate share price rocketed more than 7% this morning to go with a 6.5% gain on Friday. Audinate investors will welcome the news after a major slump in the March 2020 bear market.

However, Audinate noted the global supply of chips and electronic components as a near-term risk to the company’s growth. While the company has met customer demands thus far, a “record backlog of committed sales orders” for FY22 means there may be some delays in fulfilling orders.

Audinate co-founder and CEO, Aidan Williams, was bullish, if circumspect, in his comments:

We are pleased with the FY21 revenue performance and the resilience of the business in the face of COVID related challenges over the last 15 months. While Audinate and our manufacturing customers have successfully navigated supply chain challenges to date, we expect continued uncertainty throughout the remainder of [calendar year 2021].

The Audinate share price has been on a tear in recent months. Shares in the Aussie technology group are up more than 90% since hitting $5.01 per share in August 2020.

Today’s second straight trading day of gains has the company’s market capitalisation pushing $750 million at the time of writing.

Foolish takeaway

Friday’s FY21 trading update, highlighted by the successful launch of Audinate’s first original equipment manufacturer (OEM) Dante video products, has been well-received by shareholders. That’s helped propel the Audinate share price to a new record high to start the week.

The post Audinate share price (ASX:AD8) rockets to new all-time high appeared first on The Motley Fool Australia.

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Motley Fool contributor Ken Hall 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 AUDINATEGL FPO. The Motley Fool Australia owns shares of and has recommended AUDINATEGL 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 Nine Entertainment Co Holdings Ltd (ASX: NEC) share price has burst out of the blocks in early trade. Shares in the Aussie entertainment group jumped 2% higher at the open after announcing an executive reshuffle to the market.

Why is the Nine Entertainment share price climbing?

There have been no new ASX announcements from the company on Monday morning. However, an article in The Age on Sunday night suggests a leadership reshuffle could be afoot.

The Age reported that Nine Entertainment CEO Mike Sneesby will reshuffle his senior management after the resignation of Chris Janz. Mr Janz is Nine’s chief publishing and digital officer who will reportedly step down after more than two years in his current role. That news has caused a flurry of trading activity this morning and helped push the Nine Entertainment share price higher.

James Chessell is set to become managing director of publishing for the entertainment group, stepping up from his current position as executive editor of the The Sydney Morning Herald and The Age. The national editor of The Herald and The Age, Tory Maguire, will fill Mr Chessell’s current role. Former chief digital officer at Nine, Alex Parsons, will return to that role as part of the reshuffle.

The news has helped propel the Nine Entertainment share price higher in early trade. Shares in the entertainment group jumped 2% higher to start the day and reached as high as $2.64 per share.

Shares in the $4.4 billion media giant have climbed more than 10% year to date, but remain well shy of the $3.16 per share 52-week high set in early March.

Despite racing higher at the open, the Nine Entertainment share price has pared back some of those gains at the time of writing.

Foolish takeaway

The Nine Entertainment share price jumped higher at the open as the S&P/ASX 200 Index (ASX: XJO) also started the week on the right foot. Shares in the media giant remain up more than 1% at the time of writing at $2.60 a share, as news of an executive reshuffle looks to have investors buying in.

The post Why the Nine Entertainment (ASX:NEC) share price is climbing on Monday appeared first on The Motley Fool Australia.

More reading

• Chalice Mining (ASX:CHN) share price flops on demerger of gold assets
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• Get ready: There’s a massive buying opportunity coming
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Ken Hall 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 Chalice Mining Ltd (ASX: CHN) share price is falling this morning after the company announced plans to demerge its gold assets.

The Chalice Mining share price is currently $7.31 ­– 0.41% lower than its previous closing price.

The fall is particularly noteworthy when compared to the broader market’s gains. Currently, the All Ordinaries Index‘s (ASX: XAO) has gained 0.79% today. The S&P/ASX 200 Index (ASX: XJO) is also in the green, having jumped 0.84%.

On top of its intent to demerge its gold assets, Chalice Mining released assay results from its Pyramid Hill Gold Project.

Let’s take a look at the news putting pressure on the Chalice Mining share price today.

What’s driving the Chalice Mining share price?

Golden demerger

The Chalice Mining share price is in the red following the company’s plan to spin off its gold assets into a new ASX-listed company.

The headline acts during the demerged company’s Initial Public Offering (IPO) would be Chalice Mining’s wholly-owned Pyramid Hill Gold Project and its up-and-coming Viking Project, where the company is earning up to a 70% joint venture interest.

Chalice Mining said the demerger would allow it to focus on its nickel, copper, and platinum group minerals projects.

Chalice Mining expects the demerger to occur during the final quarter of 2021, subject to shareholder and regulatory approval.

Commentary from management

Chalice Mining’s managing director Alex Dorsch commented on the demerger:

The proposed demerger provides an exciting opportunity for our shareholders to benefit from the creation of a standalone, well-funded Australian gold exploration company with a high-quality asset base in Victoria and WA.

The creation of a new gold-focused explorer would be the optimal structure to ensure that the full potential of the gold portfolio can be realised, while allowing Chalice to continue to focus on completing the resource drill-out and rapidly advancing studies at Julimar.

Pyramid Hill Gold Project

In other news potentially driving the Chalice Mining share price today, the company released assay results from its Pyramid Hill Project.

Assay results at the project’s Karri Prospect found high-grade gold intersected over more than 2.5 kilometres of strike length.

Additionally, a second phase of drilling found new shallow gold intersections at the project’s Ironbark Prospect.

Dorsch commented on the findings:

The recent results at Pyramid Hill are tantalising from a greenfield exploration perspective, given the immense regional endowment in the Bendigo Zone.

Chalice Mining share price snapshot

2021 has been a productive year so far for the Chalice Mining share price.

Currently, it has gained 86% year to date. It has also gained 517% since this time last year.

The company has a market capitalisation of around $2.5 billion, with approximately 346 million shares outstanding.

The post Chalice Mining (ASX:CHN) share price flops on demerger of gold assets appeared first on The Motley Fool Australia.

More reading

• Why the Commonwealth Bank (ASX:CBA) share price is beating the ASX 200
• ASX 200 Weekly Wrap: COVID wobbles ASX as shares retreat
• Get ready: There’s a massive buying opportunity coming
• 5 things to watch on the ASX 200 on Monday
• These were the worst performing ASX 200 shares last week

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 two S&P/ASX 200 Index (ASX: XJO) shares in the article are expected to pay a relatively high dividend yield in FY22.

Some businesses have been impacted heavily by COVID-19, but some of them are still generating a high level of cashflow which can fund cash returns to shareholders.

These are two ASX 200 dividend shares that might offer a higher yield for investors in 2021:

Charter Hall Retail REIT (ASX: CQR)

This is one of the larger real estate investment trusts (REIT) on the ASX. As the name may suggest, it specialises in owning retail properties.

It’s currently rated as a buy by the brokers at Macquarie Group Ltd (ASX: MQG) with a price target of $4.18. Macquarie expects that the ASX 200 dividend share will pay a FY22 distribution of 25.6 cents, translating into a forward distribution yield of 6.8%.

At 30 June 2021, its portfolio valuation was around $3.65 billion with a weighted average capitalisation rate of 5.8%. It recently had its portfolio revalued which saw an increase of $143 million, or 4.1%, uplift on prior book values.

It has shopping centre convenience retail properties and the REIT’s long weighted average lease expiry (WALE) retail portfolio comprises BP and Coles Group Ltd (ASX: COL) Adelaide distribution centre.

Charter Hall CEO Greg Chubb said:

Our shopping centre portfolio has proven is resilience through the challenges of the last 12 months with strong occupancy, rent collection and retail sales growth. This is now being reflected in asset valuation gains.

Our Long WALE convenience retail assets remain highly attractive given the quality of the tenants, attractive lease structures, duration of leases and high underlying land values. These assets have delivered Charter Hall Retail REIT unitholders highly defensive and reliable earnings over the last twelve months and are now also delivering significant growth in capital values. It’s pleasing to see the results of our on-going portfolio curation delivering these gains.

Its net tangible assets (NTA) is now $4.02.

Super Retail Group Ltd (ASX: SUL)

Super Retail is one of the larger retail businesses on the ASX with a few chains of stores including Supercheap Auto, Rebel Sport, BCF and Macpac.

Credit Suisse thinks the ASX 200 dividend share is a buy, with a price target of $14.45.

The broker thinks that Super Retail will pay a dividend of 49.2 cents in FY22, which represents a grossed-up dividend yield of 5.6%.

In the latest trading update, the business said that it had seen double digit like for like sales growth across each of its businesses, with total growth of 28%.

Due to the continued strength of customer demand, Super Retail has maintained relatively subdued levels of promotional activity in the second half. As a result, the gross profit margin improvement which the group delivered in the first half has been maintained in the second half. It also has a well-stocked inventory position.

Online sales continue to grow as a percentage of overall sales. The contribution margin per transaction is significantly higher for online sales than for in-store sales. Its active club membership continues to grow, with active club members making up a larger percentage of total sales.

The post 2 high-yielding ASX 200 dividend shares appeared first on The Motley Fool Australia.

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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 COLESGROUP DEF SET, Macquarie Group Limited, and Super Retail 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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