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There is nothing sweeter as an investor than picking up ASX stocks just before they rise.

Sure, long-term investing is about ignoring short-term movements, but there is no denying the psychological satisfaction of seeing your portfolio coloured green rather than red.

Plus every cent you can save on your entry price will go towards your eventual returns.

With this in mind, experts recently named two S&P/ASX 200 Index (ASX: XJO) shares that have come off the boil somewhat in recent times that still represent quality companies:

‘Strong underlying earnings growth’

The Qube Holdings Ltd (ASX: QUB) share price has lost more than 7.2% since a 23 February peak.

But Ord Minnett senior investment advisor Tony Paterno rates it as a buy, citing how pleasing its latest update to the market was.

“This integrated provider of import and export logistics services reported a bumper first half 2023 result,” Paterno told The Bull.

“Underlying revenue of $1.497 billion was up 23.1% on the prior corresponding period.”

The underlying net profit after tax was also boosted to the tune of 41%. 

“The result highlights a material upswing in customer volumes,” said Paterno.

“Qube benefits from diversified revenue streams. Guidance for strong underlying earnings growth has been reaffirmed for this financial year.”

According to CMC Markets, six out of 16 analysts are currently rating Qube as a buy.

Aussie investors ‘overreacted’ in selling off this stock

Macquarie Group Ltd (ASX: MQG) is an old ASX 200 favourite that’s made many shareholders and employees wealthy.

However, shares for the investment bank have dropped 6.2% since 7 March.

Fairmont Equities managing director Michael Gable feels like the sell-off was more because of the troubles that banks in the US and Europe faced last month, rather than anything inherently wrong with Macquarie itself.

“In our view, weakness was primarily due to overseas banking sector risks emerging after the collapse of Silicon Valley Bank,” he said.

“However, we believe Australian investors over-reacted to overseas events.”

So for Gable’s team the current dip is merely a chance to buy Macquarie shares for cheap.

“We believe Macquarie Group can be considered a buying opportunity for a company with a strong track record of performance.”

Seven out of 11 analysts currently surveyed on CMC Markets agree with Gable that Macquarie is a buy right now.

The post ‘Buying opportunity’: 2 ASX 200 shares to grab before they rocket appeared first on The Motley Fool Australia.

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More reading

• Best ASX dividend share to buy now: Rio Tinto vs. Macquarie Group
• Buy these ASX dividend shares now: analysts
• Could buying Macquarie shares at under $180 make me rich?
• Why ASX shares in 2023 are eerily similar to 2019 (and what you should do)
• Morgans says these are some of the best blue chip ASX 200 shares to buy now

Motley Fool contributor Tony Yoo has positions in Macquarie Group. 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 positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking to take advantage of recent weakness in the lithium industry to make some investments, then you might want to check out the three buy-rated ASX 200 lithium shares listed below.

Here’s what analysts are saying about these lithium shares:

Allkem Ltd (ASX: AKE)

According to a note out of Goldman Sachs, its analysts have a buy rating and $13.20 price target on this ASX 200 lithium miner’s shares. The broker has named Allkem as its top pick in the industry thanks to its attractive valuation and significant product growth potential. It commented:

We reiterate our view that IGO and AKE deserve to trade at a premium to peers (IGO’s proportionally consolidated lithium reflecting exposure to the low cost/high quality Greenbushes mine and growth pipeline; AKE reflecting our expected >4x equity LCE production growth outlook to FY27E, the largest resource base vs. peers, and exposure to high margin/longer life brine assets, with a higher near-term multiple on more rapid carbonate price decline vs. spodumene), with these relative premiums partially reflected in the pricing analysis below.

IGO Ltd (ASX: IGO)

The same note out of Goldman Sachs reveals that its analysts also have a buy rating and $13.90 price target on this lithium share. As well as its valuation, the broker is attracted to the company due to its low costs. It said:

Greenbushes the lowest cost lithium asset in our coverage. Production growth more than offsets increasing strip ratio: The addition of CGP3 (under construction) and CGP4 (planned for 2027) will take Greenbushes production capacity from ~1.5Mtpa today to ~2.4Mtpa (excluding tailings processing of ~0.3Mtpa), and are planned to be funded from existing Greenbushes debt facilities, combined with Greenbushes cash flows. We forecast LT production in the range of 1.8-2.0Mtpa on lower utilisation, in line with the Tianqi’s outlook. While we also expect a pick-up in costs on considerable increases in waste movements over the next 5 years and forecast an average strip ratio of ~8x over the next 5 years (vs. LOM of 4.4x), despite this unit costs remain low at US$200-250/t and below peers ~US$350/t from FY25-30E.

Liontown Resources Ltd (ASX: LTR)

A final ASX 200 lithium share that has been named as a buy is Liontown. Analysts at Bell Potter currently have a buy rating and $3.35 price target on its shares. They believe the recent takeover offer from Albemarle highlights the company’s value. It said:

The corporate interest in LTR from a high-profile US-based industry participant speaks to the quality of Kathleen Valley and the scarcity of growth opportunities in the sector. We view the value of ALB’s proposal as reasonable, but not full; with additional value to be argued from LTR’s de-risking of Kathleen Valley, downstream projects and complementary ESG strategy and location. We also believe LTR will ultimately be capable of realising this value in the absence of a corporate tie-up.

The post Here are 3 ASX 200 lithium shares to buy now according to brokers appeared first on The Motley Fool Australia.

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More reading

• If I’d invested $1,000 in Liontown shares at the start of 2023, here’s what I’d have now
• Top brokers name 3 ASX shares to buy next week
• Lithium, iron ore, and copper: Experts say these ASX 200 mining shares are buys
• Here are the top 10 ASX 200 shares today
• Why Allkem, IGO, Northern Star, and Race Oncology shares are racing higher

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

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One of the more attractive options for income investors on the Australian share market right now is the ANZ Group Holdings Ltd (ASX: ANZ) dividend.

For example, in FY 2022, the banking giant rewarded its shareholders with fully franked dividends totalling $1.46 per share.

Based on the current ANZ share price of $24.21, this represents a dividend yield of 6% for investors, which well-above the market average.

The question on the lips of investors now is where next for the ANZ dividend?

Where next for the ANZ dividend?

The good news is that one leading broker believes it is onwards and upwards for the ANZ dividend from here.

According to a recent note out of Citi, its analysts are expecting the banking giant to increase its dividend to $1.66 per share in FY 2023.

If this forecast is accurate, it will mean a very attractive fully franked 6.85% dividend yield for investors.

But it gets better. Citi expects another more modest increase in the bank’s dividend to $1.68 per share in FY 2024. This would mean a fully franked 6.9% dividend yield for that financial year.

Finally, while Citi isn’t expecting the ANZ dividend to grow in FY 2025, its forecast for a flat dividend of $1.68 per share will mean another sizeable 6.9% yield.

Should you buy shares?

It isn’t just big yields that the broker is expecting. It also sees scope for the ANZ share price to rise meaningfully from current levels.

Citi has a buy rating and $27.25 price target on its shares, which implies potential upside of 12.5% over the next 12 months.

The broker is bullish due to its belief that ANZ is well-placed due to its institutional business. It said:

ANZ remains our top pick in the sector, and we expect the lending momentum, particularly in institutional, to continue to differentiate vs peers.

The post Here’s the ANZ dividend forecast through to 2025 appeared first on The Motley Fool Australia.

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More reading

• Passive income seekers: Experts say these ASX dividend shares are buys
• Passive income in Australia: How I’d invest in ASX 200 shares to easily earn $20 per day
• Investor or depositor? Warren Buffett sounds off on banking crisis
• Forget term deposits and buy ANZ and this ASX dividend share for income: experts
• 3 good reasons I’m avoiding ANZ shares at all costs!

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

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It doesn’t matter if you’re a veteran investor in ASX shares or just starting out, human psychology dictates there are mistakes we’re all bound to make.

These errors could mean significant losses for your portfolio, according to BetaShares executive Annabelle Dickson.

“Some investing mistakes can be obvious very quickly, while others may take years to become apparent – and it may be too late to repair the damage.”

But at least if you are aware of these traps, you have a fighting chance to stop yourself.

Here are the seven common investing mistakes that Dickson warned about:

Not diversifying

An old cliche goes “diversification is the only free lunch in investing”.

So you might be sick of hearing it — but it’s true.

“Diversification is spreading your investments across multiple geographic regions, industry sectors and asset classes,” Dickson said on the Betashares blog.

“By doing so, you spread your investment risk and reduce the impact on your overall portfolio if one part of the portfolio underperforms.”

Not fully taking advantage of compounding

Compounding refers to earnings returns not just on the original investment but on the returns themselves.

Dickson recommended using a dividend reinvestment plan to ensure returns are ploughed back into the portfolio.

“The sooner you start putting your money to work, the more you’ll benefit from the compounding effect and the less you’ll have to save to reach your goals.”

Not investing regularly

One way of removing the uncertainty about whether markets will go up or down is to practise dollar cost averaging, by buying ASX shares at regular intervals at all parts of the cycle.

“The point of dollar cost averaging is not to try and pick whether the market is going to rise or fall, but rather to remove timing from the equation.”

Emotional investing 

Allowing one’s emotions or “feels” to drive buying, holding and selling decisions can lead to devastating financial losses.

“As we enter market upturns, the optimism and excitement of rising values can lead us to think that making gains will be easy,” said Dickson.

“These positive emotions can lead us to increase our level of risk at a time when we should be more cautious.”

Conversely, when markets are having a tough time fear could prevent you from buying stocks, or even encourage you to sell. That’s despite buying stocks for cheap is the best way to achieve returns, and selling while low turns paper losses into actual losses. 

No investment goals

When you start driving your car, you are doing so in order to reach a particular destination. Otherwise you’re just wasting your time and petrol.

Investing is no different.

“Be clear on what you are trying to achieve. For example, are you saving for a deposit on a house? Or are you saving for retirement?” said Dickson.

“It is important to be able to articulate your goals as these will largely direct your strategy and the level of risk you are comfortable taking on to reach these goals.”

Paying excessive fees

If you buy ASX shares for exchange-traded funds or listed investment companies then management fees are worth watching.

Dickson pointed out that while no one has control of whether the market will head up or down, fees are one variable that the investor can influence.

“Small differences in ETF fees may not appear to matter to your overall investment portfolio, but they can have a significant impact on your returns over time.”

Dickson compared $10,000 invested in a hypothetical S&P/ASX 200 Index (ASX: XJO) managed fund that charges 1.2% per annum and $10,000 put into BetaShares Australia 200 ETF (ASX: A200), which slugs 0.04%.

If the two investments came back with the same gross returns of 5% per annum, the end difference is stark.

“Over 40 years, the lower-fee ETF investment would grow to be worth $69,335, compared to the higher-fee managed fund investment value of $44,452,” said Dickson.

“The low-fee option would be worth around $24,900, or 56%, more than the high-fee option.”

Not keeping thorough transaction records

Another way to cop financial losses is through paying more tax than necessary.

In order to pay an accurate amount of tax on your investments, accurate record keeping is imperative.

“Each time you buy or sell an investment, you’ll receive material that you’ll need at tax time to work out your capital gains or losses,” Dickson said.

“Misplacing this material will cause a major headache, so ensure that you keep it in a safe, easy-to-find place.”

The post 7 mistakes that could cost you dearly appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Get a passive income boost from these ASX dividend shares: analysts
• Why did the Wesfarmers share price just smash a new 52-week high?
• 3 ETFs that could be top buys right now
• Hunting for passive income? Here’s why I’m eyeing BHP shares

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

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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small gain. The benchmark index rose 0.3% to 7,381.5 points.

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

ASX 200 expected to fall

The Australian share market looks set to give back yesterday’s gains despite a positive start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 19 points or 0.25% lower. In the United States, a late rally saw the Dow Jones, S&P 500, and NASDAQ all close 0.3% higher. SPI futures may improve once these gains are fully reflected.

Oil prices drop

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have tough session after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 2% to US$80.96 a barrel and the Brent crude oil price is down 1.7% to US$84.85 a barrel. Oil prices fell on interest rate hike concerns.

Elders named as a buy

Goldman Sachs remains positive on Elders Ltd (ASX: ELD) shares and has reiterated its buy rating. And while the broker has taken the agribusiness company off its conviction list, its price target of $13.20 still implies over 60% upside. It said: “In our view the current valuation (10x P/E) has more than factored in any cyclical earnings impact and significantly undervalues the quality of the company.”

Gold price softens

It could be a softer day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price fell overnight. According to CNBC, the spot gold price is down 0.4% to US$2,007.4 an ounce. Traders have been reassessing their interest rate hike expectations.

Transurban Group rated as a sell

Goldman Sachs isn’t feeling as positive about Transurban Group (ASX: TCL). This morning it retained its sell rating and $13.50 price target on the toll road operator’s shares. Although it notes that the company is performing ahead of expectations in the second half, it believes that its “valuation still looks full.”

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

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More reading

• Here are the top 10 ASX 200 shares today
• Why AMA, New Hope, Regis Resources, and St Barbara shares are dropping
• Here are the 3 most heavily traded ASX 200 shares on Monday
• What can ASX 200 investors expect from the US Fed in 2023?
• If I’d invested $1,000 in Liontown shares at the start of 2023, here’s what I’d have now

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 Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Looking for a passive income boost? Then you may want to check out the ASX dividend shares listed below.

Both have been named as buys and tipped to provide investors with attractive fully franked yields. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that has been tipped as a buy is Accent. It is the fashion and footwear retailer behind brands including Hype DC, The Athlete’s Foot, Glue, Platypus, and Sneaker Lab.

Goldman Sachs is very positive on the company and believes it is well-placed to continue its strong performance despite the cost of living crisis. This is thanks to its expansion plans and its exposure to younger consumers, which have less exposure to rising rates. The latter also stand to benefit from increases to the minimum wage.

It currently has a buy rating and $3.10 price target on its shares.

As for dividends, Goldman is forecasting a fully franked dividend of 15 cents per share in FY 2023 and then 7 cents per share in FY 2024. Based on the current Accent share price of $2.55, this will mean yields of 5.9% and 2.75%, respectively.

Dicker Data Ltd (ASX: DDR)

Another ASX dividend share that has been tipped as a buy is Dicker Data. It is a leading technology hardware, software, cloud, cybersecurity, access control and surveillance distributor in Australia and New Zealand.

Morgan Stanley is bullish on the company. It currently has an outperform rating and $10.00 price target on its shares.

The broker appears to believe Dicker Data is well-placed for growth in the coming years thanks partly to favourable tailwinds. This includes the digital transformation megatrend.

The broker is expecting this to lead to fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8.39, this will mean yields of 5.2% and 5.8%, respectively.

The post Get a passive income boost from these ASX dividend shares: analysts appeared first on The Motley Fool Australia.

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More reading

• 5 steps to bring in $1,000 per month in passive income
• After big falls, these ASX 300 shares look dirt-cheap!
• The Accent share price has soared 100% in 6 months. Is it still a buy?
• Creating a diversified income stream: Top ASX dividend shares to buy today according to analysts
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data. The Motley Fool Australia has positions in and has recommended Dicker Data. 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 Scott Phillips.

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The Wesfarmers Ltd (ASX: WES) share price continued its positive run on Monday with another gain.

This saw the conglomerate’s shares climb to a new 52-week high of $52.39 at one stage.

When the Wesfarmers share price reached that level, it was up approximately 14% year to date. This compares very favourably to the ASX 200 index, which is up a more modest 5% in 2023.

Why is the Wesfarmers share price on fire right now?

Investors have been buying the Bunnings and Kmart owner’s shares this year for a few reasons.

One is its defensive qualities in the current uncertain economic environment. Given how its businesses tend to perform well whatever is happening in the economy, Wesfarmers is often seen as a safe option for investors.

This is perhaps more the case than ever thanks to its focus on value. This could prove particularly important as budgets get squeezed from the cost of living crisis.

Another reason could be news that the company has been selling down its Coles Group Ltd (ASX: COL) stake. Wesfarmers is understood to have sold what’s left of its stake for approximately $700 million.

This gives it some serious firepower to make a new acquisition. Though, it is unclear what the company might have its eyes on.

Anything else?

A couple of bullish broker notes are likely to have also given the Wesfarmers share price a lift this year.

For example, both Morgans and UBS have put the equivalent of buy ratings and $55.50 price targets on its shares.

This even suggests there’s still room for its shares to rise a bit further from here. So don’t be surprised if the Wesfarmers share price finds itself trading at a new 52-week high in the near future!

The post Why did the Wesfarmers share price just smash a new 52-week high? appeared first on The Motley Fool Australia.

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More reading

• 5 steps to bring in $1,000 per month in passive income
• Wesfarmers’ CEO just offloaded $9m of the ASX 200 company’s shares. Here’s why
• What’s next for Wesfarmers shares after cashing out $700 million from Coles?
• Which ‘high conviction’ ASX 200 shares is this fundie backing to beat the market?
• Morgans names more of the best ASX 200 dividend shares to buy in April

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 positions in and has recommended Coles Group and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for an easy way to invest your hard-earned money this week, then exchange traded funds (ETFs) could be the way to do it.

But which ETFs might be top options right now? Listed below are three quality ETFs that could be worth considering in April:

iShares Global Consumer Staples ETF (ASX: IXI)

The first ETF for investors to look at is the iShares Global Consumer Staples ETF. It could be a top option if you’re concerned with how interest rates will impact global economic growth. That’s because even if a recession were to occur, the companies included in this ETF are likely to remain well-placed to navigate the crisis. This is due to the ETF giving investors exposure to many of the world’s largest global consumer staples and demand for their products being relatively consistent whatever is happening in the economy. Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart all feature in the ETF.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

If you are a fan of Warren Buffett’s investment style, then the VanEck Vectors Morningstar Wide Moat ETF could be worth considering. That’s because when Buffett looks for an investment, he has a penchant for companies with sustainable competitive advantages and fair valuations. And these are the qualities that this ETF has been built around. It currently includes approximately 50 companies including Alphabet, Boeing, Kellogg Co, Meta Platforms, and Walt Disney.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF for investors to look at is the Vanguard MSCI Index International Shares ETF. If you’re wanting to diversify your portfolio quickly, then this ETF could be the way to do it. That’s because it gives investors access to approximately 1,500 of the world’s largest listed companies. This means it provides significant diversity and also allows investors to take part in the long term growth potential of international economies. Among the its largest holdings are giants including Amazon, Apple, Nestle, Procter & Gamble, Tesla, and Visa.

The post 3 ETFs that could be top buys right now appeared first on The Motley Fool Australia.

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More reading

• 3 ASX ETFs I’d buy and hold for 10 years
• 2 of the best ETFs for ASX investors to buy this month
• Top defensive ASX shares to buy in April 2023
• Here are 3 fantastic ETFs for ASX investors to buy and hold this month
• Top ASX ETFs to buy in April 2023

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Vanguard Msci Index International Shares ETF. The Motley Fool Australia has positions in and has recommended iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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BHP Group Ltd (ASX: BHP) shares offer investors more than the potential for price appreciation.

As a leading S&P/ASX 200 Index (ASX: XJO) dividend stock, BHP shares also offer a great path towards building a regular passive income stream.

And if you’re like me, you certainly won’t object to dividend payments dropping into your bank account on a bi-annual basis.

Especially, fully franked dividends, which can come with some useful tax benefits at the end of each financial year.

A few points before moving on

Before digging into investing in BHP shares for passive income, a few points for clarity.

First, there are a number of high-quality ASX 200 dividend shares out there to choose from.

To reduce risk, investors looking to secure passive income from dividends would do well to build a portfolio of those stocks across different sectors, rather than investing everything in a single company. The old ‘all your eggs in one basket’ mistake.

Second, when we’re discussing dividend yields we’re discussing trailing yields based on the past 12 months of payouts. The dividends that BHP shares (or any ASX company’s shares) pay in future may well be higher or lower than what was paid over the past 12 months.

Third, the ASX 200 mining giant operates in a cyclical market, generating most of its revenue from iron ore and copper.

Some years, like the past few, will see BHP outperform amid rocketing commodity prices. In other years it may underperform when commodities come off the boil.

But, as long-term investors seeking to build a lifetime passive income stream, we can look past those ups and downs and forward to our eventual retirement with some handy dividend payouts to sweeten the pot.

With that said…

BHP shares for passive income?

BHP shares have a long track record of paying out two fully franked dividends per year. Even in the pandemic addled year of 2020.

The miner’s final dividend notched all-time highs in 2021. And its interim dividend set a new record high in 2022.

Now those payouts are coming down from the stratosphere amid a retrace in copper and iron ore prices. But both metals remain key for global growth. Copper is vital in the world’s push towards electrification. And iron ore is a core steel-making ingredient.

Whatever happens to those prices in the near and mid-term, BHP shares will almost certainly benefit when the metals surge higher again in the future.

With that said, both iron ore and copper are still trading at historically high levels. Iron ore is fetching right around US$120 per tonne and copper is above US$9,020 per tonne.

The copper price is growing more important to dividend payments from BHP shares as the miner moves closer to acquiring copper producer OZ Minerals Limited (ASX: OZL) for some $9.8 billion.

As for dividends, BHP paid a final dividend of $2.55 per share on 22 September. That was down from $2.72 per share in September 2021.

BHP recently paid an interim dividend of $1.36 per share on 30 March. That was down from $2.08 per share in March 2022.

With BHP shares currently trading for $46.55, the total 12-month dividend payout of $3.91 works out to a trailing yield of 8.4%.

BHP also offers a dividend reinvestment plan (DRP) for interested investors. If you don’t need the passive income right away, this can be a great way to put the power of compounding to work for you.

And don’t forget, BHP has already stumped up 30% in corporate taxes on the profits it’s sharing out with investors. Meaning you’ll get credit for that from the ATO, helping bolster that passive income.

The post Hunting for passive income? Here’s why I’m eyeing BHP shares appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares trading ex-dividend this week
• No signs of OZ Minerals slowing down as BHP takeover looms
• Is the BHP dividend going to increase in the future?
• BHP share price lower despite OZ Minerals’ shareholders approving takeover
• 5 things to watch on the ASX 200 on Thursday

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

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The S&P/ASX 200 Index (ASX: XJO) spent the day in the green on Monday, rising 0.27% to close at 7,381.5 points.

That was despite a disappointing Friday session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) ended last week with a 0.4% fall, while the S&P 500 Index (SP: .INX) fell 0.2% and the Nasdaq Composite Index (NASDAQ: .IXIC) dropped 0.4%.

Back home, the S&P/ASX 200 Real Estate Index (ASX: XRE) led the way today, rising 1.3%.

The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) and the S&P/ASX 200 Information Technology Index (ASX: XIJ) also posted gains, each lifting 0.7%.

The mining sector, on the other hand, underperformed. The S&P/ASX 200 Materials Index (ASX: XMJ) traded relatively flat, rising just 0.1%. Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) slumped 0.3%.

But which ASX 200 share started the week out on the best foot? Let’s take a look.

Top 10 ASX 200 shares countdown

The Lake Resources N.L. (ASX: LKE) share price outperformed all its ASX 200 peers on Monday, rising 18% to close at 54.5 cents.

Its gain came on the announcement of a “major milestone” at the company’s Kachi project, where 2,500 kilograms of lithium carbonate equivalents have been produced.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Lake Resources N.L. (ASX: LKE)	$0.545	18.48%
Sayona Mining Ltd (ASX: SYA)	$0.215	10.26%
Star Entertainment Group Ltd (ASX: SGR)	$1.395	4.89%
Imugene Limited (ASX: IMU)	$0.14	3.7%
Centuria Capital Group (ASX: CNI)	$1.69	3.36%
IPH Ltd (ASX: IPH)	$8.02	3.35%
Johns Lyng Group Ltd (ASX: JLG)	$6.73	2.59%
Megaport Ltd (ASX: MP1)	$4.41	2.56%
Scentre Group (ASX: SCG)	$2.81	2.55%
Insignia Financial Ltd (ASX: IFL)	$2.94	2.44%

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

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why EML, Lake Resources, Lindsay, and Sayona Mining shares are racing higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• What can ASX 200 investors expect from the US Fed in 2023?
• If I’d invested $1,000 in Liontown shares at the start of 2023, here’s what I’d have now
• Here’s why Bank of Queensland shares are making news again this 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 positions in and has recommended Johns Lyng Group and Megaport. The Motley Fool Australia has recommended IPH, Johns Lyng Group, and Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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