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No doubt, anyone who invested in Fortescue Metals Group Ltd (ASX: FMG) shares in March 2018 and held onto their stake would be pleased with their purchase.

The iron ore giant’s share price has rocketed nearly 400% since then.

Indeed, a $9,000 investment made exactly five years ago likely would have seen a buyer walk away with 2,078 Fortescue shares, paying $4.33 apiece.

Today, that parcel would be worth a whopping $44,905.58. The Fortescue share price last traded at $21.61.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has risen around 24% in that time.

And all that’s before we consider the dividends Fortescue has paid. Let’s take a look at how much passive income the materials goliath has provided since March 2018.

All dividends paid to those holding Fortescue shares since 2018

Here are the dividends Fortescue has delivered to investors over the last five years:

Fortescue dividend pay date	Type	Dividend amount
March 2023	Interim	75 cents
September 2022	Final	$1.21
March 2022	Interim	86 cents
September 2021	Final	$2.11
March 2021	Interim	$1.47
October 2020	Final	$1
April 2020	Interim	76 cents
October 2019	Final	24 cents
June 2019	Special	60 cents
March 2019	Interim and special	19 cents and 11 cents
October 2018	Final	12 cents
April 2018	Interim	11 cents
Total:		$9.53

Each Fortescue share has yielded a notable $9.53 of passive income over the last five years.

That means our figurative investment has provided a whopping $19,803.34 of dividend income over its life – marking a return on investment (ROI), including dividends and capital appreciation, of 619%.

And investors who reinvested those offerings likely experienced an even better return, thanks to the power of compounding.

Not to mention, all the dividends paid by the ASX 200 company in that time have been fully franked, meaning they might have provided tax benefits.

Right now, Fortescue shares offer a 9.07% dividend yield.

The post Bought $9,000 of Fortescue shares in 2018? Here’s how much passive income you’ve pocketed appeared first on The Motley Fool Australia.

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More reading

• Why did the BHP share price have such a top run today?
• Here are the top 10 ASX 200 shares today
• The latest Fortescue dividend is being paid today. Here’s what you need to know
• 5 things to watch on the ASX 200 on Wednesday
• Fortescue share price lifts on production update

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 Scott Phillips.

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The Novonix Ltd (ASX: NVX) share price is having a strong finish to the week.

In morning trade, the battery materials company’s shares are up 14% to $1.33.

Why is the Novonix share price shooting higher?

The catalyst for the rise in the Novonix share price this morning has been the release of a promising announcement.

According to the release, the company has signed an agreement to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (MENA) region.

TAQAT is a leading Saudi Arabian energy company. Novonix notes that it is a leader and innovator in the global energy market, and a key contributor to the economic growth and development of the MENA region.

The 40:60 joint venture is intended to utilise Novonix’s leading battery technology and capability to develop a graphite anode materials facility with capacity of 30,000 tonnes per annum. The project will be located in Saudi Arabia.

The company highlights that Saudi Arabia plans to electrify 30% of vehicles on its roads by 2030 and has launched its own electric vehicle brand, Ceer, to support this endeavour. Management believes its anode materials facility will help support a localised supply chain for the sector.

‘Very excited’

Novonix CEO, Chris Burns, commented:

I am very excited as to the possibilities that the joint venture presents to both of our companies. The joint venture will leverage NOVONIX’s existing work in North America and will allow us to more quickly scale our operations to extend our geographical reach to the global market.

We believe the joint venture will enhance our financial strength and profitability by both driving revenues and accessing cost competitive, quality feedstock for projects outside of North America. NOVONIX’s battery anode manufacturing expertise coupled with TAQAT’s anticipated strong financial support will help bring the first anode materials facility to Saudi Arabia.

The post ‘Very excited’: Why the Novonix share price is leaping 14% on Friday appeared first on The Motley Fool Australia.

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More reading

• Novonix shares will soon be booted out of the ASX 200. What might this mean for investors?
• These ASX shares are being dumped from the ASX 200 index this month
• 5 things to watch on the ASX 200 on Monday

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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The Liontown Resources Ltd (ASX: LTR) share price is pushing higher again on Friday.

In morning trade, the lithium developer’s shares are up 3% to $2.67.

This means the Liontown share price is now up 74% since the end of last week.

Why is the Liontown share price pushing higher again?

The Liontown share price is pushing higher on Friday after the company revealed that Albemarle has been increasing its stake.

After having its $2.50 per share non-binding takeover offer rejected earlier this week, the lithium giant has continued to snap up shares.

When the takeover approach was made, Liontown revealed that an Albemarle subsidiary, RT Lithium, had been buying shares and held ~2.2% of Liontown’s issued shares.

According to today’s update, Albemarle has notified the company that it has now almost doubled its relevant interest to ~4.3% of Liontown shares.

Not giving up

The release also appears to indicate that Albemarle is not happy with Liontown’s rejection of its takeover proposal.

The lithium giant has requested a copy of the Liontown share register. This is for the purpose of contacting Liontown shareholders about its proposal. It may be wanting to drum up support for its offer from retail shareholders.

For now, the Liontown board has advised that it will continue to keep shareholders appropriately informed. It also stressed that, as previously announced, the company has rejected the Albemarle proposal, therefore shareholders do not need to take any action at this time.

It would seem that this is very unlikely to be the end of the story.

The post Liontown share price climbs as Albemarle continues loading up appeared first on The Motley Fool Australia.

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More reading

• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
• Best ASX lithium share to buy: Liontown Resources vs. Pilbara Minerals
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Which ASX lithium shares could be at risk of a short attack?
• Top 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 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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Investors of all ages have been known to snap up the Vanguard Australian Shares Index ETF (ASX: VAS) for its broad exposure to the S&P/ASX 300 Index (ASX: XKO), as well as its dividends.

But you better get your skates on if you want a share of its upcoming payout. The exchange-traded fund (ETF) will trade ex-dividend on Monday.

That means, in order to get a piece of its upcoming quarterly offering, not-yet-investors need to jump on board today.

Units in the Vanguard Australian Shares Index ETF closed Thursday’s session at $89.05.

Let’s take a closer look at the ETF icon’s upcoming payment.

Vanguard Australian Shares Index ETF to trade ex-divided

Those invested in the Vanguard Australian Shares Index ETF have likely been pretty happy with their position so far this year. The fund has gained 3.8% year to date – roughly 1.3% more than the S&P/ASX 200 Index (ASX: XJO) has risen.

And that’s before considering the dividends.

It paid out 74.97 cents in January and is on track to pay an estimated 57.7 cents on 20 April.

Though, the market likely won’t learn the exact value of its upcoming dividend for another few days. The ETF typically provides that information on its record date, which falls on Tuesday.

Tuesday is also the last chance those invested in the ETF have to decide if they’ll make use of its dividend reinvestment plan (DRP). The plan allows investors to receive their dividends in the form of new units, rather than cash.

That can help bolster their holding in the fund without forking out any extra cash or paying brokerage fees.

According to Vanguard, the Vanguard Australian Shares Index ETF currently offers a 4.4% dividend yield. Of course, it doesn’t have much control over that.

The ETF aims to track the ASX 300. Thus, the dividends it pays out reflect those offered by its holdings.

Making up its three biggest holdings are market giants BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and CSL Limited (ASX: CSL), making up around 10.4%, 7.7%, and 6.5% of the fund respectively.

The post Hoping to bag the next Vanguard Australian Shares Index ETF dividend? You’d better hurry appeared first on The Motley Fool Australia.

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More reading

• No savings? Drip-feed $500 a month into ASX shares and aim to retire in comfort
• How much do I need to invest in ASX shares for $100 in weekly passive income?
• Does the fall in the Vanguard Australian Shares Index ETF share price make it a no-brainer buy?
• Help safeguard your retirement with this key Warren Buffett investment strategy
• Here are 3 ways to get passive income from ASX shares

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 CSL. 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 MSCI Index International Shares ETF (ASX: VGS) is one of the most popular ASX exchange-traded funds (ETFs), with the ETF being $5.4 billion in size as of 28 February 2023.

All of those investors are about to gain entitlement to the upcoming quarterly distribution.

The ETF is invested in a global portfolio of around 1,500 businesses. Vanguard collects the distributions and dividends and then pays those out to investors every three months.

In terms of the distribution, investors need to make sure they own units of Vanguard MSCI Index International Shares ETF before the ex-distribution date. If investors bought units on the ex-distribution date then they’d miss out.

Vanguard MSCI Index International Shares ETF ex-distribution date

According to Vanguard, this ETF, along with many other Vanguard ETFs, will have an ex-distribution date of 3 April 2023, which is next Monday.

In other words, investors only have today to buy units of the investment before they’ll miss out on the upcoming quarterly payment.

In terms of how much is going to be paid, the estimated distribution amount from the ASX ETF is 22.477 cents per share. This is the total distribution available spread across all of the unitholders.

Investors will get paid this amount on 20 April 2023.

At the current unit price, this payment is one of the smallest of the past decade and doesn’t amount to much of a yield.

Vanguard says that the ETF’s annual dividend yield is only 2.1%.

Is this investment a buy for dividends?

Vanguard MSCI Index International Shares ETF gives investors the opportunity to invest in high-quality global shares like Apple, Amazon.com, Microsoft, Visa, Alphabet, Microsoft and Berkshire Hathaway.

But, as the biggest positions in the ETF’s portfolio, they have the biggest influence on the ETF’s dividend yield as a whole. None of those businesses is known for their dividends, so it’s no wonder that the ASX ETF’s overall yield is close to 2%.

Over the last five years, this offering from Vanguard has delivered an average distribution per annum of 2.5%. So, I don’t think the yield is suddenly going to change unless those US giants start paying large dividends.

But, it could still be a very effective investment for investing for diversification and growth.

The post Keen to pocket the next Vanguard MSCI Index International Shares ETF dividend? Read this appeared first on The Motley Fool Australia.

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More reading

• No savings? Drip-feed $500 a month into ASX shares and aim to retire in comfort
• 3 fantastic ETFs for ASX investors to buy in April
• Why I think the Vanguard MSCI Index International Shares ETF (VGS) is a buy for any portfolio
• Invested $1,000 in the Vanguard MSCI Index International Shares ETF (VGS) in 2018? Here’s how much dividend income you’ve received
• Is right now a massive buying opportunity for the Vanguard MSCI Index International Shares ETF (VGS)?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. 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 positions in and has recommended Alphabet, Amazon.com, Apple, Berkshire Hathaway, Microsoft, Vanguard Msci Index International Shares ETF, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet, Amazon.com, Apple, Berkshire Hathaway, 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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There are a good number of quality ASX dividend shares to choose from on the ASX 300 index.

Two with big potential yields that have been tipped as buys are listed below. Here’s what analysts are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX 300 dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company and the long term operator of the Dalrymple Bay Coal Terminal (DBCT). It provides terminal infrastructure and services for producers and consumers of Australian coal.

Dalrymple Bay Infrastructure has been tipped to pay big dividends in the near term. This is thanks to strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.

Morgans is a fan and has an add rating and $2.63 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.56, this will mean very generous yields of 8.2% and 8.6%, respectively.

Mineral Resources Ltd (ASX: MIN)

Another high yield ASX 300 dividend share that has been named as a buy is Mineral Resources.

It is a mining and mining services company with exposure to iron ore and lithium.

The team at Bell Potter is positive on Mineral Resources. The broker thinks the company is well-placed for earnings and dividend growth thanks to its business transformation, which it believes will underpin “growing production volumes and improving margins.”

In respect to dividends, Bell Potter is forecasting fully franked dividends of 373.4 cents per share in FY 2023 and 940.9 cents per share in FY 2024. Based on the current Mineral Resources share price of $79.93, this will mean 4.7% and 11.8% dividend yields, respectively.

Bell Potter has a buy rating and $110.00 price target on its shares.

The post Buy these high yield ASX 300 shares for big dividends: brokers appeared first on The Motley Fool Australia.

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More reading

• ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?
• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
• Is the lithium price now on the way back up?
• Why the outlook for these ASX 200 lithium shares could be ‘very favourable’
• How we beat the stock market by 7% per year: fund manager

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’s no secret that the ASX stock market has had a shaky month or so. Despite the rip-roaring week many ASX shares have had this week, the ASX 200 still remains a long way off of its all-time highs of more than 7,600 points that we saw back in 2021.

But don’t despair. The ASX 200 has never failed to surpass a previous all-time high in all of its hundred-year-plus history. And there’s no reason to believe this time will be different. So it’s not a matter of if the next bull market is coming, but when.

But while we wait, we have the chance to pick up additional shares of our favourite companies before they get even more expensive.

So let’s talk about one ASX stock I would be happy to buy today and hold forever – Warren Buffett’s favourite timespan to own a share.

It’s MFF Capital Investments Ltd (ASX: MFF). MFF Capital is a listed investment company (LIC). This means it doesn’t function in the same way as your Coles Group Ltd (ASX: COL) or Telstra Group Ltds (ASX: TLS). Instead, it invests in shares and other assets itself, on behalf of its investors.

Unlike some other LICs on the ASX, MFF Capital doesn’t indulge in flashy marketing and showy publicity. But that’s exactly why I like this company. Every dollar it makes is used for the benefit of its shareholders. MFF is run by Chris Mackay – one of the most well-regarded fund managers in the country.

One ASX stock I would buy and hold forever

Mackay is perhaps most famous for his role in co-founding Magellan Financial Group Ltd (ASX: MFG) and recently stepped in to help his old company during the tumult of the past few years. Mackay is an unabashed Warren Buffett fan, and emulates Buffett’s style of finding the world’s top companies, buying in at a great price, and holding for the long term.

That’s why many of MFF Capital’s top portfolio holdings have been present for years.

MFF Capital usually only invests in US shares. In its portfolio, you’ll find famous names like Microsoft, American Express, Visa, Asahi, Bank of America, and Alphabet.

These are unquestionably some of the best names in investing, and I’m delighted that investing in MFF also means I’m investing in names of this calibre.

But let’s get to the meat and potatoes: performance.

By this writer’s calculations, MFF shares have returned an average of 9% or so per annum in capital growth alone over the past ten years. Including dividend returns, this rises to almost 12% per annum.

So with this LIC, you are getting inbuilt diversification, thanks to its large portfolio of US shares. You are also getting an investment run by one of the best investing minds in the country. Not to mention one that has delivered ASX-crushing returns over a long period of time.

That’s why I would be happy to buy this ASX stock and hold it for the next bull market and well beyond.

The post A bull market is eventually coming: One ASX stock I’d buy now and hold forever appeared first on The Motley Fool Australia.

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More reading

• ‘Sky-high demand’: 2 ASX 200 mining shares that could head to the moon
• The bigger Bendigo Bank dividend is being paid today. Here’s the latest
• Boost your passive income with these ASX dividend shares: analysts
• Don’t stress! The stock market is ‘a long way from a crisis’
• This ASX share’s halved in 5 years, but I’m still sticking with it

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. American Express is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has positions in Alphabet, American Express, Mff Capital Investments, Microsoft, Telstra Group, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Bank of America, Microsoft, and Visa. The Motley Fool Australia has positions in and has recommended Coles Group and Telstra Group. The Motley Fool Australia has recommended Alphabet. 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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Mining shares have carried the S&P/ASX 200 Index (ASX: XJO) over the past 18 months.

But many experts reckon the golden run is far from over for some of those stocks.

Here are two examples that finance expert John-Louis Judges is still keen on:

‘A promising investment opportunity’

Despite hiccups in lithium price growth, the Pilbara Minerals Ltd (ASX: PLS) share price is still more than 10% in the black so far this year.

The fervour for the battery ingredient doesn’t look like abating anytime soon.

“The sky-high demand for lithium chemicals facilitates growth in lithium ore extraction,” Judges told The Bull.

“Pilbara’s production of over 300,000 dry metric tonnes of spodumene concentrate, at an average realised sales price of US$4,993 per dry metric tonne, further reinforces the company’s strong market position.”

This prolific production, a stunning 647% in revenue growth and a decent dividend all add up to a buy for Judges.

“It [is] a promising investment opportunity for those seeking exposure to the lithium mining industry,” he said.

“Pilbara Minerals’ decision to declare a dividend of 11 cents a share demonstrates the company’s commitment to returning value to its shareholders.”

According to CMC Markets, nine out of 16 analysts currently rate the stock as a buy.

The best bet for a ‘safe haven’ asset

Judges said that, with gold prices rising in recent times, Silver Lake Resources Ltd (ASX: SLR) is his pick to take advantage.

“Gold has historically been viewed as a safe-haven asset during times of economic uncertainty, and with ongoing geopolitical tensions and concerns of inflation, there is potential for an increase in its demand.”

The latest results were “strong” for Silver Lake.

“The company’s healthy cash and bullion position of $253 million provides a strong financial foundation for future growth and investment.”

Judges praised the gold miner’s “operational efficiency and excellent market position”.

“The potential for a higher value of gold in the near term makes Silver Lake Resources a good investment opportunity for anyone looking to gain exposure to the gold mining industry.”

Other professional investors largely agree with Judges. Four out of the five analysts that cover Silver Lake currently rate the stock as a strong buy.

The post ‘Sky-high demand’: 2 ASX 200 mining shares that could head to the moon appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Attention lithium investors: This ASX 200 mining billionaire says Australia could become a battery chemical manufacturing powerhouse
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Citi gives its verdict on the Pilbara Minerals share price
• Why are ASX 200 gold shares like Newcrest being thumped on Thursday?

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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The Bendigo and Adelaide Bank Ltd (ASX: BEN) dividend is due to hit bank accounts today.

Shares in the regional bank have slid 11% in the year to date, closing at $8.70 apiece on Thursday.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has gained 1.2% in the year to date.

Bendigo and Adelaide Bank dividend is due today

Bendigo and Adelaide Bank shareholders are set to collect an interim dividend of 29 cents per share, fully franked.

The dividend is 9.4% higher than the 26.5 cents a share dividend paid in the second half of last year.

The bank reported statutory net earnings of $249 million in the first half of FY23, up 49.3% on the prior half but down 22.5% on 1H FY22.

The FY23 interim dividend represents a 55.6% payout ratio, calculated on a cash basis.

Commenting on the dividend in a half-yearly report in February, Bendigo Bank stated:

We announced a fully franked interim dividend of 29.0 cents per share, supporting our strong capital position and our business outlook, while balancing our commitment to support our shareholders with a reasonable return on their investment.

Taking a look at Bendigo Bank’s dividend history, the company also paid 26.5 cents per share in the first half of 2022 and the second half of 2021.

However, back in FY19, prior to COVID-19, the bank offered both an interim and final dividend of 35 cents per share.

Bendigo Bank also offers a dividend reinvestment plan. This means shareholders can reinvest all or part of the dividend into new shares in the company. The bank also offers a bonus share scheme, enabling investors to receive bonus shares for no consideration instead of a dividend.

Share price snapshot

The Bendigo and Adelaide Bank share price has fallen 15.5% in the past year amid broader bank share volatility.

For perspective, the ASX 200 has shed 5.2% in the past year.

Bendigo Bank has a market capitalisation of more than $4.9 billion based on the current share price.

The post The bigger Bendigo Bank dividend is being paid today. Here’s the latest appeared first on The Motley Fool Australia.

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More reading

• ASX shares are paying out $19 billion in dividends this week. Are you getting a piece?
• ASX 200 bank stocks: ‘No different’ or ‘extremely strong’?
• Bendigo Bank shares worst of the ASX 200 banks following UBS downgrade
• Why Bendigo and Adelaide Bank, Jervois Global, Megaport, and NAB are dropping today
• Is right now a once-in-a-decade opportunity to buy ASX 200 bank shares?

Motley Fool contributor Monica O’Shea 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 Bendigo And Adelaide Bank. 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 on the lookout for passive income options, then the ASX dividend shares listed below could be worth considering.

Here’s why these could be the dividend shares to buy right now:

Transurban Group (ASX: TCL)

The first ASX dividend share for income investors to look at buying is Transurban.

It manages and develops urban toll road networks in Australia and the United States. Its portfolio of important roads includes Citylink, Cross city tunnel, the Eastern Distributor, and AirportlinkM7.

The team at Citi believe it would be a great option for investors. Particularly in the current inflationary environment. Its analysts highlight that “CPI-linked increases come through with a delay indicating a strong growth path ahead.”

The broker believes this will underpin a “c.6% p.a. DPS CAGR from FY23-FY26” and is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.21, this will mean yields of 4.1% and 4.2%, respectively.

Citi has a buy rating and $16.00 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share for income investors to look at is Universal Store.

It is the youth fashion retailer behind the Universal Store, Thrills, and Perfect Stranger brands.

Morgans is a fan of the company due to its strong brands and exposure to younger consumers. The broker expects the latter to continue spending despite the tough economic environment.

It notes that there is a “general risk around a decline in consumer expenditure on discretionary categories like apparel, [but] we highlight that the youth demographic is likely to be more resilient.”

In light of this, the broker believes Universal Store will be well-placed to pay fully franked dividends of 30 cents per share in FY 2023 and then 35 cents per share in FY 2024. Based on the latest Universal Store share price of $4.95, this will mean yields of 6% and then 7.1%.

Morgans has an add rating and $6.85 price target on its shares.

The post Boost your passive income with these ASX dividend shares: analysts appeared first on The Motley Fool Australia.

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More reading

• 2 growing ASX passive income shares to buy now: brokers
• Huge yields! These are the best ASX passive income shares to buy now: Morgans
• Give yourself a passive income boost with these growing ASX 200 dividend shares: analysts
• Buy these 3 ASX retail shares: Morgans
• Experts name 2 high quality ASX 200 shares to buy for your retirement portfolio

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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