Tag: Motley Fool

The last few months have been a busy period of investing for my ASX share portfolio. I’m going to talk about two names I decided to recently buy.

We can’t control what the overall S&P/ASX 200 Index (ASX: XJO) is going to do – sometimes it will reach an all-time high. I believe we can always find value on the stock market if we look in the right places.

Duxton Water Ltd (ASX: D2O)

Duxton Water is a company that owns water entitlements and leases them out on short-term or long-term contracts to agricultural operators that want additional water.

Water is obviously a key component of farming, I view Duxton Water as an indirect investment in the Australian agricultural industry. In my opinion, Australia is one of the world leaders in farming.

In my eyes, water entitlements are a commodity that can be impacted by supply and demand. When there’s a lot of rainfall, it reduces the demand and impacts water values. Less rainfall should translate into more demand for water entitlements. It also helps that, over time, more water-hungry plants are being planted such as almonds.

The recent La Nina weather pattern pushed down water prices and bumped up water storage levels. But water storage levels are now reducing.  

In the ASX share’s latest monthly update for February, Duxton Water revealed Murray Darling Basin storage levels were at 81%, down from 92% compared to last year. Northern basin storages were at 66%, and southern basin storages were at 84%. Both of these levels are lower when compared to the previous year of 90% and 93% respectively.

I used the recent weakness of the Duxton Water share price to buy more shares. The ASX share has been paying an appealing dividend for several years, though that’s not guaranteed to continue. It currently has a guided grossed-up dividend yield of 6.7%.

The Duxton Water share price is at a discount of roughly 10% to its pre-tax net asset value (NAV) of February 2024.

Johns Lyng Group Ltd (ASX: JLG)

I have invested multiple times this year in Johns Lyng shares – I recently decided to invest once more after seeing the FY24 first-half result and the subsequent decline of the Johns Lyng share price.

The ASX share’s main offering is restoring building and contents after an insurable event, such as storms, flooding or fire.

It also has a sizeable catastrophe division which made $120.4 million in revenue in HY24, but this was 35% lower than last year. Work in this area is likely to be lumpy – catastrophes don’t arrive like clockwork.

Johns Lyng reiterated that catastrophe events are “growing in size and duration”. It’s expecting this segment to continue to expand in future periods. The $120.4 million figure already represents more than 87% of the company’s original FY24 forecast.

The ASX share reported its normalised business as usual (BAU) net profit after tax (NPAT) grew by 15.8% to $25 million. That’s a good growth rate for its underlying business, in my opinion.

The company has also been making acquisitions in the strata services and essential home services space, which adds defensive earnings and can create synergies, according to the company.

I think the profit and dividend can keep growing for a long time to come, particularly if it can keep expanding in the US and other international markets.

The post 2 ASX shares I have been buying in 2024! appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 3 star ASX shares to buy for the rest of 2024
• 3 struggling ASX shares to buy at a discount
• New to investing? I’d invest my first $1,000 in ASX shares today!
• I just invested $3,000 into this top ASX 200 stock

Motley Fool contributor Tristan Harrison has positions in Duxton Water and Johns Lyng Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group. The Motley Fool Australia has recommended Johns Lyng 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 post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy now
• ASX mining in April 2024: The best stock to buy right now
• Boom! ASX 200 blasts to new record highs
• 13 ASX 200 shares at 52-week highs
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Sebastian Bowen 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 Premier Investments. 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 Beach Energy Ltd (ASX: BPT) share price is ending the week strongly.

In afternoon trade, the energy producer’s shares are up 4% to $1.84.

Why is the Beach Energy share price charging higher?

Investors have been fighting to get hold of the company’s shares this afternoon following the release of a positive announcement.

That announcement relates to the comprehensive strategic review that Beach Energy is undertaking which aims to re-set the base business, deliver increasing returns to shareholders, drive efficiency, and earn the right to grow.

According to the release, the first stage of the strategic review has been completed and a new asset-based organisational structure will be implemented by 8 April 2024. This will see several of the current executive team leave Beach over the coming months.

Beach advised that new executive leadership appointments are underway and will be announced once all positions have been confirmed.

Furthermore, to achieve efficiency and operational cost improvements, a targeted headcount reduction of 30% will be delivered across the business.

But Beach Energy isn’t stopping there. It advised that further outcomes from the strategic review will be announced over the coming months.

Beach Energy’s managing director and CEO, Brett Woods, appears optimistic over the changes. He said:

Our new organisational structure will bring sharpened focus on our core assets as we strive to become a dominant supplier of gas into Australia’s East Coast and West Coast markets. It is imperative that Beach regains its status as a safe and efficient, low-cost operator by achieving structural reductions in operating costs and sustaining capital expenditure, including the announced reduction in headcount.

Decisions about headcount reductions are not made lightly as we are highly cognisant of the personal impact organisational change can have on individuals and their families. To minimise the personal impact we are committed to implementing the new structure as soon as possible.

The Beach Energy share price is now up 32% over the last 12 months.

The post Why is the Beach Energy share price racing higher on Thursday? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• $19 billion in ASX dividends is being paid out this week. Are you getting your share?
• Here are the top 10 ASX 200 shares today
• These 5 ASX 200 shares just hit new 52-week highs

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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ASX tech stock Life360 Inc (ASX: 360) made shareholders very happy in March.

How happy?

With less than an hour of trading left in the month, the S&P/ASX 200 Index (ASX: XJO) technology share has gained a whopping 60.2% since the closing bell rang on 29 February.

That sees Life360 shares up 75% so far in 2024 and up an eye-popping 169% since this time last year.

If you’re not familiar with Life360, the United States-based company develops software primarily focused on location sharing.

Its smartphone app has been gaining popularity among families wishing to track their children’s locations or to assist with keeping older people and those with special needs safe.

Here’s what helped drive the ASX tech stock to 60% gains in March.

Life360 shares in growth phase

Life360 reported its 2023 calendar year results on 1 March.

Highlights included a 33% year on year increase in revenue to US$305 million. And subscription revenue was up by 52% compared to 2022 to US$200 million, with adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) coming in at US$20.6 million.

The ASX tech stock did still operate at a net loss of US$28.2 million in 2023. But that was a huge step up from the US$91.7 million net loss the previous year.

And the company’s balance sheet was solid, with cash and equivalents of US$70.7 million.

ASX 200 investors reacted to the full-year results by sending the Life360 share price up 38.5% on the day, closing at $11.30 a share.

Can the ASX tech stock keep on giving?

After a phenomenal month, the question now is, can Life360 continue to outperform in the year ahead?

For some greater insight into that question, we turn to two top brokers.

Earlier this month, Goldman Sachs came out with a bullish outlook for this ASX tech stock.

According to Goldman’s analysts, “360’s re-rate is only beginning, in our view, as it delivers solid subscription and EBITDA growth from the core business while opening up significant upside optionality via advertising monetisation.”

Goldman has a buy rating on the stock with a $14.20 price target for Life360 shares. That represents a potential 8.6% upside from the recent price of $13.07 per share.

Morgan Stanley believes Life360 can charge even higher. Its analysts are optimistic about future earnings amid the company’s plans to sell advertisers access to its user base.

Morgan Stanley retained its overweight rating with a $14.40 price target for the ASX tech stock. That implies a 10.2% potential upside from recent levels.

The post This ASX tech stock rocketed 60% in March! Can it keep on delivering? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ords shares up 50%+ in March
• Why are these ASX tech shares getting smashed today?
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• This ASX tech stock has turned a $10k investment into almost $16,000 in March!

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 positions in and has recommended Goldman Sachs Group and Life360. 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 has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Galan Lithium Ltd (ASX: GLN)

According to a note out of Macquarie, its analysts have retained their outperform rating and 60 cents price target on this lithium developer’s shares. The broker highlights that the company has recently raised funds, strengthening its balance sheet. It believes these funds will be sufficient while the company completes its financing facility negotiations with mining giant Glencore. The Galan Lithium share price is trading at 41 cents today.

Platinum Asset Management Ltd (ASX: PTM)

A note out of Bell Potter reveals that its analysts have upgraded this fund manager’s shares to a buy rating with an improved price target of $1.20. The broker has been updating its estimates to reflect fund outflows and reductions in its cost base from its turnaround program. Bell Potter expects the latter to have a very positive impact on its earnings and has upgraded its estimates materially in FY 2025 and FY 2026. Overall, the broker believes the turnaround program means that the risk/reward has now shifted to the upside. The Platinum share price is fetching $1.08 this afternoon.

Premier Investments Limited (ASX: PMV)

Analysts at Citi have retained their buy rating and lifted their price target on this retail giant’s shares to $36.00. This follows the release of a solid half-year result earlier this week which was ahead of guidance. Citi is also feeling positive about the outlook of Smiggle, noting plans for a store rollout in Indonesia. In addition, it sees the Peter Alexander expansion into the UK market as the first of many such expansions. The Premier Investments share price is trading at $32.40 on Thursday.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping
• Top brokers name 3 ASX shares to buy today
• Why 29Metals, Brainchip, Platinum, and Premier Investments shares are falling today
• Why is this ASX 300 stock crashing 23% today?
• Here are the top 10 ASX 200 shares today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Premier Investments. 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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S&P/ASX 200 Index (ASX: XJO) gold stocks dazzled their shareholders in March.

As we head into the final hours of trading for the month, the ASX 200 is up 2.5% since the closing bell sounded on 29 February.

As for ASX gold shares, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) – which also contains some smaller gold stocks outside of the ASX 200 – leapt a whopping 15.9%.

Here’s how these top ASX 200 gold stocks performed in March (through to early afternoon today):

• Northern Star Resources Ltd (ASX: NST) shares gained 12.3%
• Newmont Corp (ASX: NEM) shares gained 14.0%%
• De Grey Mining Ltd (ASX: DEG) shares gained 0.8%
• Ramelius Resources Ltd(ASX: RMS) shares gained 30.0%
• Gold Road Resources Ltd (ASX: GOR) shares gained 6.9%
• Evolution Mining Ltd (ASX: EVN) shares gained 22.2%
• Bellevue Gold Ltd (ASX: BGL) shares gained 25.7%

That’s quite a month!

Here’s what sent the gold miners soaring.

ASX 200 gold stocks shining bright in March

A lot of stars aligned in March to help ASX 200 gold stocks deliver this outstanding result.

First, as you’d expect, we have a rising gold price.

Bullion ended February already trading near historic highs of US$2,044 per ounce, according to data from Bloomberg.

Today that same ounce is trading near record highs at US$2,190 per ounce, up 7.1% over the month.

Commenting on the strong performance of the yellow metal, Australia and New Zealand Banking Group Ltd (ASX: ANZ) analysts said, “A rising gold price suggests the market expects further falls in inflation should support the central banks move to cut rates later this year. Safe haven demand also remains strong.”

Declining inflation and the prospect of falling interest rates have offered tailwinds to the gold price as gold, which pays no yield itself, generally performs better in low or falling rate scenarios.

Central banks are also helping support the yellow metal in another key way. Namely, by continuing to buy near-record amounts of bullion themselves.

And, as ANZ’s analysts pointed out, ASX 200 gold stocks are benefiting from gold’s haven status as geopolitical turmoil continues to brew in hotspots around the world.

As always, whether you’re looking to buy gold shares or any other ASX stocks, be sure to do your own research first. If you’re not comfortable with that, or are simply time-poor, reach out for some expert advice.

The post Why ASX 200 gold stocks dazzled shareholders in March appeared first on The Motley Fool Australia.

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More reading

• 13 ASX 200 shares at 52-week highs
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• $19 billion in ASX dividends is being paid out this week. Are you getting your share?
• Here are the top 10 ASX 200 shares today

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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Time is certainly running out to buy ASX 200 shares before the start of April, thanks to the joys of the Easter long weekend. But that doesn’t mean the topic isn’t worth discussing of course.

So today, in celebration of the holiday, let’s talk about the two ASX 200 shares that I would happily buy today if I had the spare cash to do so.

A pair of ASX 200 shares I would buy before April

Telstra Group Ltd (ASX: TLS)

Telstra is an ASX 200 share that’s looking particularly attractive to me right now. This is a company we’d probably all know, and perhaps even be a customer of. Telstra has the largest market share, by far, of both mobile network connections and fixed-line internet services in Australia.

In my view, the company has a wide moat in the form of its indisputable network and coverage superiority. This does a good job of both attracting and keeping customers over time.

I already own shares of this AX 200 telco. But Telstra has popped up on my radar again thanks to a meaningful share price slump. Since reaching a new 52-week high of $4.46 last year, the company has drifted lower and is now going for $3.82 at present, just a touch above its most recent 52-week low of $3.75.

But this has had the effect of boosting Telstra’s fully-franked dividend yield to a compelling 4.58%. I wouldn’t be surprised if Telstra makes its way back to the mid-$4 range over the next year or two. Especially if some ASX brokers are correct and the telco continues to boost its dividends over the next two years.

Washington H. Soul Pattinson and Co Ltd (ASX: SOL)

Washington H. Soul Pattinson, or Soul Patts for short, is one of my favourite ASX 200 shares. In fact, it’s one of my favourite companies in my entire portfolio, period.

This investing house is a rather unique company. It owns and runs a portfolio of other assets on behalf of its shareholders, functioning more like a managed fund than a traditional ASX share.

The lion’s share of Soul Patts’ portfolio is made up of several large stakes in other ASX shares, including Brickworks Ltd (ASX: BKW), New Hope Corporation Ltd (ASX: NHC) and TPG Telecom Ltd (ASX: TPG).

But in addition to these massive investments, it also owns a more diversified large-cap ASX share portfolio, venture capital investments, private credit and other unlisted assets of varying natures.

All in all, this is a highly diversified investment.

But Soul Patts’ real appeal (at least in my view) is its enviable investing track record. Shareholders have enjoyed market-beating returns from Soul Patts shares for decades.

In a recent update, the company confirmed that shareholders have enjoyed a total return (share price growth plus dividends) of 12.4% per annum over the 20 years to 31 January 2024. That beats out an All Ords Accumulation Index investment by 3.5% per annum.

Oh, and Soul Patts has also just increased its annual dividend for the 24th year in a row – a feat unrivalled on the ASX.

What else can I say? This is a top-tier company and one I would happily buy right now. That’s especially so, given the company’s shares have just taken a 5.6% haircut over the past four weeks or so.

The post 2 of my top ASX 200 shares to consider buying before April appeared first on The Motley Fool Australia.

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More reading

• Investing for passive income? Keep any eye out for that boosted Telstra dividend today!
• Is Telstra stock a buy, sell, or hold?
• 5 things to watch on the ASX 200 on Thursday
• Almost ready to retire? I’d buy cheap ASX dividend shares for income
• Qantas or Telstra share price: Which will climb higher in 2024?

Motley Fool contributor Sebastian Bowen has positions in Telstra Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, Telstra Group, and Washington H. Soul Pattinson and Company Limited. 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 I were gunning for a $6,102 annual passive income from S&P/ASX 200 Index (ASX: XJO) dividend shares, I know which three I’d add to my portfolio first.

Before having a look at those three ASX 200 shares, however, there are a few things to keep in mind.

Spread those eggs around

I’m sure you’ve heard the expression, “Don’t keep all your eggs in one basket.”

It may seem trite. But when it comes to investing, it remains a golden rule.

So, while we’ll look at three ASX 200 companies for passive income below, a diversified portfolio (one with many baskets) should contain significantly more. There’s no magic number here. But 10 is a decent ballpark.

The second thing to keep in mind is that past performance is no guarantee of future performance.

That’s true for a company’s share price performance.

And it’s true for their dividend payouts. The yields you see quoted tend to be trailing yields, based on the last 12 months of payouts. Future yields may be higher or lower, depending on a range of factors.

With that said…

$6,102 in passive income from ASX 200 shares

The first company I’d target for passive income is ASX 200 energy stock Woodside Energy Group Ltd (ASX: WDS).

Woodside’s dividends and share price are linked to oil and gas prices. While these will vary over time, the medium-term outlook for global oil and gas demand remains quite strong.

Woodside has delivered $2.16 per share in fully franked dividends over the past 12 months. At the recent Woodside share price of $30.48, that equates to a fully franked trailing yield of 7.1%.

Second, we have ASX 200 bank stock Westpac Banking Corp (ASX: WBC). Alongside the other big banks, Westpac shares have been strong performers over the past half year. Westpac is currently trading for $26.05 a share, up 23.3% in six months.

Having paid out $1.42 in dividends over the full year, Westpac trades on a fully franked trailing yield of 5.5%.

Which brings us to the third company I’d buy for passive income today, ASX 200 mining stock Fortescue Metals Group Ltd (ASX: FMG).

Fortescue has come under selling pressure in 2024 amid slumping iron ore prices. Still, shares in the ASX 200 miner remain up 24.1% since this time last year, currently trading for $25.33 apiece. And it’s looking like the bottom may be in (or at least near) for the iron ore price.

Fortescue paid out $2.08 per share in dividends over the last 12 months. At the recent share price, the mining stock trades on a fully franked trailing yield of 8.2%.

Time in the markets

Now, I won’t build my $6,102 passive income stream from my $8,000 investment in ASX 200 shares today.

I’ll need a bit of patience and let the magic of compounding work for me.

That means I’ll be reinvesting my passive income until I can withdraw $6,102 a year without drawing down my capital.

If I invest the same amount in each of the above ASX 200 shares, I’d earn an average yield of 6.9%, which I think is realistic longer term as well.

This means I’ll need an $87,140 ASX passive income portfolio.

How long will that take?

Well, the S&P/ASX 200 Gross Total Return Index (ASX: XJT), which includes all cash dividends reinvested on the ex-dividend date, has returned 17% over the past year. Longer-term the returns have been closer to 11%.

I think I can do a bit better than that and achieve a 12% annual return.

At that rate, my $8,000 investment today will grow to the required $87,140 in 20 years to start withdrawing my $6,102 of annual passive income.

The post I’d spend $8k on these ASX 200 shares today to target a $6,102 annual passive income appeared first on The Motley Fool Australia.

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More reading

• Are Westpac shares a buy following the bank’s big tech update?
• 5 things to watch on the ASX 200 on Thursday
• Invest $12,000 in Woodside stock and get $5,700 in passive income
• Westpac shares push higher on $9.8b technology simplification plan
• 5 things to watch on the ASX 200 on Wednesday

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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There’s no hiding from the fact that the lithium industry has been an awful place to invest over the last 12 months.

With the price of the battery material sinking to low levels, investors have been rushing to the exits and driving share prices lower and lower.

And it isn’t hard to see why. Core Lithium Ltd (ASX: CXO) recently suspended production because prices are just too low, whereas Pilbara Minerals Ltd (ASX: PLS) posted an 82% decline in first-half profit after tax to $220 million.

But every cloud has a silver lining. The silver lining here is that there could be some ASX mining stocks now trading at very cheap prices, offering investors a compelling risk/reward.

Which ASX mining stock offers the best value?

The team at Bell Potter appear to believe that Arcadium Lithium (ASX: LTM) could be one of the best ASX mining stocks to buy right now.

This is due to its diversified exposure to lithium and very strong growth portfolio. It commented:

LTM provides the largest, most diversified exposure to lithium in terms of mode of upstream production, asset locations, downstream processing and customer markets. It is a key large-cap leverage to lithium prices and sentiment, which we expect to improve over the medium term. The group has a strong balance sheet and growth portfolio.

Big returns could be on the cards

Bell Potter has a buy rating and $10.40 price target on the ASX mining stock.

Based on its current share price of $6.73, this suggests a potential return of 54% for investors over the next 12 months.

To put this into context, if you were to invest $10,000 into the lithium miner’s shares, it would turn into over $15,000 if Bell Potter is on the money with its recommendation.

The post ASX mining in April 2024: The best stock to buy right now appeared first on The Motley Fool Australia.

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More reading

• The Core Lithium share is down 27% in March: What’s next?
• Why Telstra and these ASX 300 stocks just hit 52-week lows
• Are Pilbara Minerals shares in the buy zone or overvalued?
• 3 reasons to sell Core Lithium shares
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor James Mickleboro owns Arcadium Lithium shares. 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 Vanguard Australian Shares Index ETF (ASX: VAS) is a popular investment on the ASX, particularly for income investors. As a cross-section of the entire ASX stock market, the VAS ETF is naturally a dividend heavyweight.

That’s pretty much inevitable when the likes of BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) are among this fund’s largest holdings.

Even better for income investors, this exchange-traded fund (ETF) pays out its dividend distributions quarterly, rather than the usual ASX biannual schedule. That means investors can expect a passive income paycheque every three months.

The latest of these quarterly payments happens to be coming up, and fast. This index fund‘s latest payment, which covers the first three months of 2024, is due to be paid out next month on Wednesday, 17 April.

That’s the date when a number of Vanguard ETFs will pay out their dividend distributions. VAS will join the Vanguard MSCI Index International Shares ETF (ASX: VGS), the Vanguard Australian Fixed Interest Index ETF (ASX: VAF) and the Vanguard Australian Shares High Yield ETF (ASX: VHY), amongst many others, in rewarding investors with the latest distributions on 17 April.

What does the latest VAS dividend look like for ETF investors?

In the Vanguard Australian Shares ETF’s case, investors are in line to bag a payment worth approximately 84.9 cents per unit. Like all payments from this ETF, this dividend distribution will come partially franked (we don’t yet know the exact proportion).

This 84.9 cents per share dividend distribution represents a pleasing 47.1% increase over the 57.7 cents per unit distribution investors enjoyed this time last year.  It will take the total annual ASX payout for VAS to approximately $3.74 per share. At the current VAS unit price of $98.80, this equates to an annual dividend distribution yield of 3.79%.

But if investors wish to bag this latest ASX payment from VAS (or any of the other Vanguard ETFs listed above), they’d better be quick. That’s because the ex-distribution date nominated for this payout is next Tuesday, 2 April. Thanks to the Easter long weekend, this means that the last day investors can buy VAS units and be entitled to receive this dividend distribution is today.

Anyone who owns the Vanguard Australian Shares ETF at market close this Thursday will receive this payment. But anyone who buys those same units from next Tuesday onwards misses out this time.

So if you want this latest ASX dividend distribution from VAS units, you know what you have to do.

The post Want the latest dividend from the Vanguard Australia Shares ETF (VAS)? Here’s what you have to do appeared first on The Motley Fool Australia.

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More reading

• How much would I need invested in the Vanguard Australian Shares ETF (VAS) for a comfortable retirement?
• Here are the next distribution dates for your Vanguard ETFs
• If you own the Vanguard Australian Shares ETF (VAS), make sure you’re doing this
• 5 ASX ETFs to buy and hold for 10 years
• Selling your investment property due to land tax hikes? 5 ASX shares I’d buy with the proceeds

Motley Fool contributor Sebastian Bowen has positions in Vanguard Australian Shares Index ETF. 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 Vanguard Australian Shares High Yield 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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