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ASX renewables shares could be hot property next year. According to an article in The Australian Financial Review, renewable energy could lead to strong employment in coming years.

The International Renewable Energy Agency predicts that stimulus for the industry could create a global jobs boom of up to 5.5 million over the next three years.

That could mean global renewable energy jobs grow from 11.5 million to almost 30 million worldwide by 2030.

So, if there is to be a boom, which ASX renewable shares could be set to cash in?

3 ASX renewable energy shares to buy for 2021

The first one I’ve got my eye on is Infigen Energy Ltd (ASX: IFN). The Infigen share price is currently trading near a 52-week high at 92 cents per share.

That might put some people off but I think there could be further growth in store. Infigen is a developer, owner and operator of renewable energy generation assets across Australia. 

The major issue here is that Infigen’s board has recommended a unanimous takeover of the ASX renewable energy share by Iberdrola SA, a Spanish electricity company. That means you may have to look elsewhere for medium-term industry exposure.

That’s where I see Tilt Renewables Ltd (ASX: TLT) come in. The Tilt share price has also had a solid year, climbing 3.3% higher to $3.37 per share.

Tilt is dual-listed in Australia and New Zealand. The ASX renewable energy share has Infratil Ltd (ASX: IFT) as a major shareholder which means it can be hard to get a hold of.

Tilt has eight operational wind farms across Australia and New Zealand. I think that, combined with a strong pipeline, leaves it well placed for any industry boom.

Finally, I think AGL Energy Limited (ASX: AGL) is worth a look. AGL is one of the largest energy ‘gentailers’ (generators and retailers) in Australia.

While it’s far from a pure-play ASX renewable energy share, I do think it has the size and scale to pivot accordingly.

That could make the AGL share price worth a look if we see continued growth in the industry in coming years.

More reading

• 3 reasons I like the AGL Energy (ASX:AGL) share price today
• Why AGL Energy (ASX:AGL) and these ASX shares just hit new lows
• Here’s why some ASX dividend shares just go nowhere
• ASX 200 drops 0.2%, Scentre soars
• Amaysim share price down following FY20 results and divestment announcement

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 Westpac Banking Corp (ASX: WBC) share price has slumped 29.1% lower in 2020 to $17.16 per share. It’s far from alone as ASX bank shares have been hit hard by the fallout from the coronavirus pandemic. But, the tide could be starting to turn for the Westpac share price. The company has just copped the biggest corporate fine in Australian history for its AUSTRAC breaches.

Despite some uncertainty at the moment, I still think the Westpac share price could be in the buy zone for long-term investors.

Why the Westpac share price could be in the buy zone

For starters, Westpac has now got some certainty around the AUSTRAC penalty. The bank will pay a $1.3 billion fine for the many breaches of anti-money laundering/counter-terrorism financing (AML/CTF) laws.

Obviously that’s not good for shareholders in the short term but it does reduce the unknowns going forward.

Secondly, the Reserve Bank of Australia (RBA) is continuing to inject cash into the economy. That’s increasing liquidity and helping tilt the competitive advantage back towards the big four banks.

The RBA has set up a number of facilities to help keep businesses afloat and maintain lending throughout COVID-19. However, the big four banks like Westpac can afford to lend for low rates and squeeze their competitors like Bendigo and Adelaide Bank Ltd (ASX: BEN).

The Westpac share price has still underperformed the S&P/ASX 200 Index (ASX: XJO). That means many investors will understandably not be bullish on buying right now.

However, I think there could be an opportunity ahead of the bank’s full-year earnings update on 2 November.

The Westpac share price is currently trading at 12.9x earnings with a 10.1% dividend yield. That dividend may well drop on the back of APRA’s recommendation to reduce dividends and the $1.3 billion AUSTRAC fine.

However, I still think the medium to long-term outlook is strong for Westpac. That means I’ll be looking hard at whether or not to add the bank to my portfolio in 2021.

More reading

• Why ASX oil stock prices are set to slide this morning
• Will the Fortescue (ASX:FMG) share price outperform in 2021?
• 5 things to watch on the ASX 200 on Wednesday
• 2 must-buy ASX 200 shares I rate highly
• 3 ways to protect your ASX share portfolio in a market crash

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 buying ASX blue chip shares today, I’d choose the ones I’m going to write about in this article.

There isn’t an official definition of a blue chip. For me, it’s a sizeable business that is a leader in its industry that has been around for a while. It could also be described as a business that can keep doing well in good times or bad.

With that in mind, I think these ASX shares fit the blue chip description:

A2 Milk Company Ltd (ASX: A2M)

A2 Milk one of the leading infant formula brands in the Asia Pacific region. The company has grown strongly over the past five years as it grows its market share and international distribution network. When I think of infant formula, the first brand that comes to mind is A2 Milk.

The A2 Milk share price has fallen 15% this week and it’s down 25% since 18 August 2020.

I think it can be smart to take advantage of short-term problems and temporary share price falls.

Whilst the ASX blue chip share is expecting revenue to fall in the first half of FY21, I strongly believe FY22 and onwards will show pleasing growth. Remember, share prices often move before we learn of the actual earnings.

The USA and Chinese markets look very promising over the longer-term. A2 Milk is still expecting overall revenue growth in FY21, with a revenue range of NZ$1.8 billion to NZ$1.9 billion. That would represent growth of between 4% to 10%, up from NZ$1.73 billion in FY20.

Brickworks Limited (ASX: BKW)

Brickworks is one of the country’s leading building products companies. It’s the national leader for bricks. It also produces and sells a number of other products where it has a good market position. Those other categories include: roofing, precast, masonry and paving.

The ASX blue chip share has been growing for decades as it expands it product range. The joint venture cement terminal, Southern Cross Cement, has just been commissioned and Brickworks owns 33% of this business. Brickworks thinks this joint venture has the lowest cost position and lowest capital invested of all south-east Queensland suppliers.

Brickworks is also the market leader for bricks in the north east of the US after recent acquisitions. The company has closed a plant there, which was part of the plan to improve efficiencies across the US network.

The ASX blue chip share’s profit could benefit strongly from a rebound if COVID-19 impacts subside sooner rather than later.

Brickworks also has strong, reliable investments. It has a 50% stake of a quality industrial property trust which will soon count Coles Group Limited (ASX: COL) and Amazon as tenants. Brickworks also owns around 40% of quality investment house Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). These two assets helped stabilise the Brickworks share price during the crash earlier this year.

Tassal Group Limited (ASX: TGR)

Tassal is fairly small, but it’s the Australian market leader of fish in the country and it has been operating for over 30 years, so I think it can count as an ASX blue chip share.

FY20 was another solid year for the company with revenue rising, operating net profit after tax (NPAT) growing 13.3% and statutory net profit jumping 18.3%.

It wasn’t too long ago that Tassal expanded into the prawn industry. Now it has two fish sectors that it can generate growth with, which is attractive in my opinion. Diversification is a wise idea. 

In FY20 it had a prawn harvest of 2,460 tonnes. In FY21 it’s expecting a prawn harvest volume of 4,000 tonnes.

The Tassal share price hasn’t recovered yet from the COVID-19 crash, it’s still down around 20%. For a growing business, that suggests it could be a good time to buy. As a bonus, it offers a partially franked dividend yield of 5%.

More reading

• 2 outstanding ASX shares to add to your retirement portfolio
• ASX 200 ends the day flat, BOQ (ASX:BOQ) shares drop on impairments
• Leading brokers name 3 ASX shares to sell today
• The latest 3 ASX stocks that brokers just upgraded to “buy”
• ASX 200 up 0.15%: a2 Milk sinks lower, Bank of Queensland tumbles, CTM’s major acquisition.

Motley Fool contributor Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of A2 Milk and COLESGROUP DEF SET. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post These are the ASX blue chip shares I’d buy today appeared first on Motley Fool Australia.

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I think the Fortescue Metals Group Limited (ASX: FMG) share price can outperform in 2021. The Fortescue share price is up 49.9% this year and is streaming ahead of the S&P/ASX 200 Index (ASX: XJO).

That might make some investors wary of buying in, but I think there’s a lot to like right now.

What does Fortescue do?

Fortescue is one of the largest iron ore producers in the world. It’s part of the ‘big four’ alongside BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Brazil-based Vale.

The Aussie mining group recently reported full-year production of 178.2 million wet metric tonnes of iron ore. That saw Fortescue’s revenues increase by 29% to US$12,820 million as net profit after tax jumped 49% to US$4.7 billion.

Why the Fortescue share price can outperform in 2021

I think there’s a lot to like about the Fortescue share price for 2021 and beyond.

Strong iron ore prices are being predicted by not only the market but the federal government. The commodity is reportedly set to underpin the FY21 budget and help pull Australia through a recession.

If that proves to be the case, it would be good news for Fortescue. The Aussie miner has managed to dodge much of the scrutiny faced by the likes of Rio Tinto thus far.

The BHP share price has lagged Fortescue largely due to its petroleum segment struggling thanks to weak oil prices.

I also think Fortescue has the history and tact to manage its relationship with China. China is by far the largest purchaser of Australian iron ore products which makes it a key customer.

There’s also the metrics to support the Fortescue share price being a buy. The Aussie miner’s shares are trading at a price-to-earnings (P/E) ratio of just 7.4x with a 10.9% dividend yield.

BHP shares trade at 16.6x earnings with Rio Tinto at 15.3x, both with lower dividend yields. That to me says that Fortescue shares could outperform and be an option for both dividend and growth investors in 2021.

More reading

• Why ASX oil stock prices are set to slide this morning
• Is the Westpac (ASX:WBC) share price in the buy zone?
• 5 things to watch on the ASX 200 on Wednesday
• 2 must-buy ASX 200 shares I rate highly
• 3 ways to protect your ASX share portfolio in a market crash

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Will the Fortescue (ASX:FMG) share price outperform in 2021? appeared first on Motley Fool Australia.

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WAM Capital Limited (ASX: WAM) is a listed investment company (LIC) well-known for its fully-franked dividends. Since its inception in 1999, WAM Capital has returned an average of 16.1% per annum for its investors (before fees and taxes). A large part of this outperformance has come in the form of dividend payments. The company has been holding or increasing its dividend every year since 2010. Saying that, the dividend has been held steady at 15.5 cents per share for the last two years. This dividend still gives WAM Capital shares a trailing yield of 6.92% on current prices. That’s 9.89% grossed-up with WAM Capital’s full franking credits (I apologise for rounding this up to 10% in the headline).

A WAM comeback tour

In recent times, I have written about how I wouldn’t be too interested in WAM Capital for dividend income. That concern largely stemmed from WAM Capital’s dwindling profit reserve. LICs usually pay out their dividends from a profit reserve. A profit reserve stores profits from investment activities earmarked for dividend payments.

Some other LICs, like WAM Capital’s sibling, WAM Research Limited (ASX: WAX), have well-funded profit reserves. In WAM Research’s case, its two most recent dividends came in at 4.9 cents per share each. That gives WAM Research a trailing, grossed-up yield of 9.21% on current pricing. Yet this dividend looks remarkably sustainable given that WAM Research had 34.9 cents per share in its profit reserve, as of 31 August.

But as of 31 July, WAM Capital had just 8.7 cents per share left in its profit reserve. Some simple maths will tell you that this isn’t enough to sustain a 15.5 cents per share annual dividend for too long.

But WAM Capital’s August update contained a pleasant surprise. As of 31 August, WAM Capital now reports it has 17.5 cents per share in its profit reserve. How did it manage this recovery? Well, the company told investors that last month was “the best August reporting season in the company’s history”, with winners like Codan Limited (ASX: CDA) helping to boost the LIC’s profits.

Although the newly restocked profit reserve isn’t quite at the comfort level for income investors that WAM Research provides, it’s still a marked improvement and buys WAM Capital another year to expand this reserve even further.

Is WAM Capital a buy today?

WAM Capital’s dividend stockpile certainly looks a lot healthier than it did a month ago. Saying that, I’m still not convinced it remains a better option for income investors over other LICs like WAM Research. Although its August profit reserves were a fantastic development for investors, I would simply prefer the increased certainty that something like WAM Research provides today. I’ll be keeping my eye on WAM Capital though and may rethink my position if its profit reserves improve further.

More reading

• Is this the ASX 200 dividend share you can hold into retirement?
• Are these high yield ASX dividend shares worth buying?
• 2 ASX dividend shares with yields over 8%
• 4 dividend kings to buy now and hold forever
• Is the new WAM Alternative Assets LIC a buy?

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While it can be tempting to try and get rich quickly by day trading shares such as BrainChip Holdings Ltd (ASX: BRN), Novonix Ltd (ASX: NVX), and Piedmont Lithium Ltd (ASX: PLL), it’s worth remembering that it is also a quick way to lose a lot of money.

Statistically, day trading has been proven to create far more losers than winners. An estimated 90% of day traders lose money, with 9% believed to do a little better than break-even, and just 1% actually making real money.

In light of this, I think investors interested in building their wealth should consider a more prudent investment strategy that involves buying and holding shares over the long term.

With that in mind, here are two ASX shares that I believe investors should consider:

CSL Limited (ASX: CSL)

I think CSL is easily one of the best buy and hold options on the Australian share market. CSL, which was previously known as the Commonwealth Serum Laboratories, was founded all the way back in 1916 to service the needs of a nation isolated by war. Since then it has become one of the world’s leading biotherapeutics companies with a market capitalisation of $135 billion.

Arguably the key to the company’s success has been its investment in research and development (R&D). Every year CSL invests somewhere in the region of 10% to 12% of its sales revenue back into its R&D activities. This has helped ensure that CSL is at the forefront of innovation in the industry and has led to it developing a wide portfolio of therapies and vaccines generating billions of dollars of sales each year. Looking at its current portfolio and burgeoning R&D pipeline, I’m very confident there will be more strong growth over the 2020s and beyond.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX share that I think would be a great buy and hold option for investors is Domino’s. It is the master franchise holder in Australia, New Zealand, Belgium, France, the Netherlands, Japan, Germany, Luxembourg, and Denmark.

Although it has been growing its store network materially over the last decade and now has a total of 2,668 stores, management isn’t anywhere near stopping there. It has set itself a target of more than doubling its network to 5,500 stores by 2033. If it achieves this and can continue to deliver same store sales growth, then I expect its earnings growth over the 2020s to be very strong. This could lead to the Domino’s share price smashing the market.

More reading

• BrainChip (ASX:BRN) and Novonix (NVX) were among the most traded shares on the ASX last week
• 3 ASX dividend shares to buy for income today
• ASX 200 finishes flat, A2 Milk shares drop 10%
• Is the run over for ASX lithium shares after Tesla’s battery day? 
• Piedmont Lithium (ASX:PLL) share price rockets 83% higher on Tesla deal

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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Magellan Financial Group Ltd (ASX: MFG) has long been considered one of Australia’s leading investment managers. In fact, an investment in Magellan on 4 January, 2010 would have multiplied by 67 times the original investment. Specifically, this represents an average annual growth rate of 52.7%. To illustrate further, if this continues into the future, an investor would double their initial investment every two years.

Magellan is the parent company that owns a range of unlisted and listed funds in global equities and infrastructure. As funds, most of these pay distributions not dividends, and are sold in units, not shares. Nonetheless, the most important point is that all of the funds are doing very well. If you are looking for an investment in which you can leave your funds for 10 to 20 years, then I think Magellan is a good option for the following reasons.

1. Future growth

Magellan recently announced it had taken a 40% stake in Barrenjoey Capital Partners, an unlisted, full service, investment bank planned for Australia. Magellan will have no involvement in the day-to-day operation of the company, but has retained a board seat. So while it is largely a passive investment, Magellan will have some oversight of the investment bank.

The goal is clearly to generate an annual return in excess of 10% via this unlisted asset. If the model is anything like Macquarie Group Ltd (ASX: MQG), then there will be opportunities to increase exposure to other unlisted assets as in-house investments. 

2. Past performance

The company’s historical financial metrics demand respect and subsequently, the Magellan share price growth has been incredible. Since 2010, Magellan has seen a compound annual growth rate (CAGR) of 50.5% in its earnings per share. Moreover, the company has also increased its per share dividend payment by a CAGR of 59.6% over the past ten years. 

There is a raft of metrics to review on this company. However, the one that really stands out to me is the return on equity (ROE). This is the return on assets minus liabilities. So for every $100 of assets the company has, unencumbered by debt, Magellan has earned an average of $38 over the past ten years. This company is truly impressive at allocating capital for the best return.

3. Magellan is cheap

By every valuation method I know, the Magellan share price is currently selling at a discount. Nonetheless, it has a current price-to-earnings (P/E) ratio of 26.59, which at first glance seems high. Moreover, if this was, say, Fortescue Metals Group Limited (ASX: FMG), or Commonwealth Bank of Australia (ASX: CBA) I would agree it was too high. However, with Magellan there is every reason to have high hopes for future performance.

The company also has a trailing 12-month dividend yield of 3.7%. While this isn’t a high yield, it is still pretty solid in the current environment and is secondary to the capital growth I expect to see.

More reading

• Why Magellan Global Trust (ASX:MGG) could be a retiree’s dream share
• 3 great ASX blue chip shares I’d buy
• Top brokers name 3 ASX shares to buy today
• Leading brokers name 3 ASX shares to sell today
• ASX 200 drops another 0.8%, Magellan (ASX:MFG) reveals a large investment

Motley Fool contributor Daryl Mather owns shares of Fortescue Metals Group Limited. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 an eligible shareholder of Commonwealth Bank of Australia (ASX: CBA), then later today you should be receiving the banking giant’s fully franked 98 cents per share final dividend.

While I suspect that a good portion of shareholders will be using these funds as a source of income, there may be some which wish to reinvest these dividends back into the share market.

If you’re part of the latter group, then here’s where I think you should consider investing these funds:

Accent Group Ltd (ASX: AX1)

If you’re looking to turn these dividends into even more dividends, then you might want to take a look at Accent Group. It is a footwear-focused retail group which owns store brands such as HYPE DC and Platypus. It has been growing its earnings and dividends at a solid rate over the last few years. Pleasingly, this even continued during the pandemic thanks to the popularity of its brands, its strong market position, and particularly its growing online business.

I’m confident there will be more of the same over the coming years, especially given its expansion plans. In FY 2021 I’m expecting Accent to pay a 9 cents per share fully franked dividend. Based on the current Accent share price, this means investors will receive a generous 5.4% dividend yield.

Altium Limited (ASX: ALU)

Altium is a leading electronic design software company best-known for its eponymous Altium Designer product. This software allows engineers to design the complex printed circuit boards that are found in almost all electronic devices.

Demand for its software is expected to rise strongly in the coming years thanks to the rapidly growing Internet of Things and artificial intelligence markets. This is because these two markets are underpinning the proliferation of electronic devices globally. Management appears confident in its growth trajectory. It is aiming to grow its revenue to US$500 million by 2025-2026. This will be an increase of over 150% from the revenue of US$189 million it achieved in FY 2020.

More reading

• The ASX big bank stock that’s most at risk of a dividend cut
• BrainChip (ASX:BRN) and Novonix (NVX) were among the most traded shares on the ASX last week
• 3 ASX dividend shares to buy for income today
• Here are the 10 most popular ETFs on the ASX
• ASX 200 Weekly Wrap: Bank shares push ASX 200 higher

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia has recommended Accent Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 Full Federal Court has handed Woolworths Group Ltd (ASX: WOW) a win against the Australian Competition and Consumer Commission (ACCC).

The consumer watchdog started legal action two years ago alleging that the supermarket was misleading customers. The accusation involved a range of house-brand disposable cutlery, plates and bowls that were labelled “biodegradable and compostable”.

The ACCC lost the original Federal Court case last year but immediately appealed.

But the Full Federal Court’s dismissal of the appeal on Tuesday gives Woolworths a decisive victory.

The ACCC had argued that labelling the W Select Eco products with environmentally friendly words like “biodegradable and compostable” without supporting evidence should not be allowed.

“We appealed this case because we believe that businesses should be able to support claims they make about their products, especially when consumers are likely to pay more for the product because of the claims made,” said ACCC Chair, Rod Sims.

“Consumers may select products based on the claims made by the seller or manufacturer, and should be able to rely on environmental claims made by businesses about their products.”

A Woolworths spokesperson told The Motley Fool that the company was pleased with the court’s decision.

“We treat our obligations under the Australian Consumer Law very seriously, and understand how important it is that our customers can trust the environmental claims we make.”

How did Woolworths win?

The ACCC’s case was that the offending words gave the impression to customers that the picnic crockery would rot in “a reasonable time” in compost or landfill.

Australian Consumer Law dictates that product claims about “future matters” are misleading unless the merchant has “reasonable grounds”.

The judge, however, found that Woolworths’ claims were not about future characteristics but “biodegradable and compostable” described the items’ inherent state.

The appeal hearing found that the supermarket never represented the W Select Eco products would decompose within a certain amount of time.

The disposable plates are made of waste products extracted from sugarcane. The cutlery consists mostly of chemicals derived from corn starch.

The Motley Fool understands “independent certification” was published in 2014 when the range was launched.

The Woolworths share price was down 0.53% on Tuesday, to close the day at $37.32.

More reading

• ASX 200 Weekly Wrap: Bank shares push ASX 200 higher
• Is the Coles (ASX:COL) share price a buy after renewable energy deal?
• Afterpay (ASX:APT) one of top 10 lockdown winners
• Openpay (ASX:OPY) share price pushes higher on business update
• ASX 200 Weekly Wrap: ASX 200 snaps 4 week losing streak… just

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Woolworths Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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With interest rates at record lows and potentially going even lower in the near term, it certainly is a tough environment for income investors.

Fortunately for them, the share market is home to a large number of companies offering attractive dividend yields.

Two top ASX dividend shares that I think would be great options right now are listed below. Here’s why I would buy them:

Bravura Solutions Ltd (ASX: BVS)

I think Bravura Solutions would be a great option for income investors. Bravura is a leading provider of software products and services to the wealth management and funds administration industries. It has a number of products in its arsenal such as the Rufus transfer agency solution and the Midwinter financial planning solution.

However, the key product for me is the Sonata wealth management platform. It has a massive market opportunity and looks well-placed to underpin Bravura’s growth in the coming years once the pandemic passes. For now, I estimate that it will pay shareholders an 11.5 cents per share dividend in FY 2021. Based on the current Bravura share price, this equates to a 3.2% dividend yield.

National Storage REIT (ASX: NSR)

A second dividend share to consider buying is National Storage. I think the self-storage operator could be a good option for income investors due to its strong market position and positive long term outlook thanks to its organic and inorganic growth opportunities. 

And while the company’s earnings are likely to be flat at best in FY 2021 because of the pandemic, I’m confident that it will return to growth once it passes. Especially given predictions for house prices to rise strongly next year. This could lead to higher housing sales activity and increasing demand for its centres. For now, based on the current National Storage share price, I estimate that it offers investors a forward 4.1% dividend yield.

More reading

• 2 top ASX dividend shares for income investors to buy today
• Why I would buy Commonwealth Bank (ASX:CBA) and this ASX dividend share
• 3 of the best ASX growth shares you can buy right now
• Why I would buy Altium (ASX:ALU) and these ASX growth shares
• 3 mid cap ASX shares to buy for strong potential returns

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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