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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

• These 5 ASX 200 shares just hit new 52-week highs
• 7 ASX small-cap shares that are cheaper than the ASX 200 in March 2024
• Why Beach Energy, Elders, Lake Resources, and Premier Investments are rising today
• Premier Investments share price jumps 9% on results and demerger plans
• 5 things to watch on the ASX 200 on Tuesday

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 Elders and 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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Outgoing National Australia Bank Ltd (ASX: NAB) CEO Ross McEwan has an alarming prediction for Australia’s economy.

And whether you’re a renter or a homeowner, McEwan’s prediction will likely strike a chord.

With immigration levels in Australia surging post the COVID intake pause, and new housing construction slumping, rental vacancies are plummeting, and house prices are rising, despite elevated interest rates.

Why NAB’s prediction is gloomy

Speaking yesterday, McEwan flagged the housing crisis as a critical issue for Australia. And one that could hamstring economic growth.

Addressing the housing situation, McEwan said (quoted by The Sydney Morning Herald) “We just don’t have enough of it.”

This could become a big problem, is the NAB boss’ prediction.

“That will slow down the growth of this economy because if you don’t have houses for migrants to come in to, we’ll soon be cutting off the migration levels coming into the country.”

Indeed, the September quarter saw net overseas migration levels top 145,000 arrivals. That brought the annual increase to almost 550,000 new arrivals, well outpacing the number of new homes being built each year.

As dictated by the laws of supply and demand, this is seeing rents and property prices soar.

CoreLogic’s national Home Value Index (HVI) rose 8.1% in 2023. Most recently, the HVI increased another 0.6% in February, the strongest monthly gain since October.

Renters are doing it tough as well, with rental vacancies plunging to all-time lows of 0.7% in February.

According to McEwan, “If we can solve [the housing issue], we can keep this economy growing at a good pace and keep productivity lifting in the Australian marketplace, which will make us better as we export overseas as well.”

Failing that, NAB’s CEO has a rather dire prediction.

“If we don’t, well, I think Australia will slow down accordingly,” he said.

McEwan will step down as NAB’s CEO on 2 April. Andrew Irvine, NAB’s group executive business and private banking, will take over the reins.

The post NAB boss issues dire prediction for Aussie economy appeared first on The Motley Fool Australia.

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More reading

• Shares vs. property: How to generate $500 passive income per month
• If I’d put $5,000 in NAB shares at the start of 2024, here’s what I’d have now
• 4 ‘overheated’ ASX 200 shares to stay away from
• An 11% dividend yield from NAB shares? Here’s how these brave income investors achieved it!
• Why I might be selling my NAB stock 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 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 has been another tough session for 29Metals Ltd (ASX: 29M) shares.

At one stage today, the ASX All Ords stock was down as much as 36% to 54 cents.

The copper miner’s shares have recovered a touch since then but remain down 25% to 40.5 cents in afternoon trade.

This latest decline means that 29Metals shares are now down 65% over the last 12 months.

Why is this ASX All Ords stock crashing?

Investors have been heading to the exits on Tuesday after the company revealed that it has suspended operations at Capricorn Copper.

This is a big blow given that the company has been working very hard to restart production at Capricorn Copper following extreme weather a year ago.

According to the release, the ASX All Ords stock made the move following an extended period of rainfall between late January and mid-March. This rainfall resulted in a steady accumulation of water in regulated structures on site to levels now similar to those following the March 2023 extreme weather event.

Management advised that with water at these levels, the dewatering of Esperanza South underground mine (ESS) cannot continue which, in turn, delays the restart of mining as part of the Capricorn Copper Recovery Plan.

The ASX All Ords stock’s managing director and CEO, Peter Albert, said:

The decision to suspend operations has not been taken lightly, particularly because of the impact it will have on our team at Capricorn Copper who have worked tirelessly following the extreme weather event in March 2023, as well as the local community, our contractors, and the businesses across the region and the state of Queensland that support the site.

Unfortunately, the combination of elevated water levels at the beginning of the wet season (as a result of the event a year ago) and the sustained rainfall since late January this year has more than offset our successes reducing water levels through mechanical evaporation and authorised releases of treated water within prescribed limits.

As things stand, the duration of the suspension is unknown. It will be dependent on a number of factors, including reducing the water levels held on site and securing the regulatory approvals required to set Capricorn Copper on a sustainable footing.

The post Why did this ASX All Ords stock just crash 36%? appeared first on The Motley Fool Australia.

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More reading

• Why 29Metals, Atlas Arteria, IDP Education, and Mineral Resources shares are falling
• Why are ASX copper shares having such a bumper day?
• One ASX mining sector at risk of more pain, and one ready to soar!

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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Passive income comes in from your investments while you sleep, and it’s arguably easier to generate if you buy ASX shares vs. property.

This is because investors can start small with ASX shares and buy a portfolio over time using savings rather than debt. The other advantage is there are no holding costs for shares investments whatsoever.

If you want to buy a real estate investment, odds are you’ll need a loan, and on top of that, there are thousands of dollars in holding costs, such as insurance, strata levies and council rates.

Let’s take a look at how it works.

Our aim will be to generate $500 passive income per month from investing in ASX shares vs. property.

Shares vs. property: $500 per month passive income

For property investors, achieving positive cash flow (rental income less costs) is really hard.

This is because property investment typically involves taking out a loan because home values are so high.

And with investment loan rates at about 7% these days, it’s very hard for an investor on a typical 80:20 loan-to-value ratio (LVR) loan to generate positive passive income at all.

The loan repayments alone typically exceed the rental income. This is why most of Australia’s 2.25 million landlords are negatively geared, according to the latest Australian Tax Office data.

A near-40% increase in weekly rents since August 2020 has certainly helped. But interest rates have gone up 13 times since May 2022 and this has had a greater impact for most investors.

Let’s look at a case study to see how we can achieve $500 per month in positive passive income (i.e., after costs) from real estate investment.

Case study: The cheap property

Buying property in a cheaper market is one strategy you could employ to generate positive passive income sooner.

The cheapest market in terms of median house prices is regional South Australia at $407,655, according to CoreLogic figures.

Regional South Australia has a gross rental yield of 5%. That’s $20,383 per year in rental income (check out the yields in other regional and metro markets here).

We’ll assume about $7,000 in ongoing holding costs per year covering council and water rates, insurance, repairs, property management fees, and a multitude of small costs like annual pest inspections.

In terms of home loan repayments, the lowest standard variable investment mortgage interest rate advertised on RateCity at the time of writing is 6.96% (on interest-only terms).

On an 80:20 loan (hence finance of $326,124), RateCity calculates the monthly loan repayments to be $1,892, or $22,704 per year. So, the loan repayments alone exceed your rental income.

Let’s halve that loan amount (hence finance of $163,062). The repayment is $946 per month or $11,352 per year. Now we have a chance at some positive passive income.

$20,383 per year in rent less $11,352 interest less $7,000 holding costs = $2,031 positive cash flow. But that’s only $169 per month in positive passive income, so well off our target of $500.

How about we halve that loan amount again (hence finance of $81,531). The repayment is $540 per month or $6,480 per year. Does that bring us close?

$20,383 per year in rent less $6,480 interest less $7,000 holding costs = $6,903 positive cash flow. So now we’re getting $575 per month of positive passive income.

But in order to achieve this, you’d need $326,124 in savings (and $81,531 in debt) to buy the asset in the first place.

It’s worth noting that interest payments and holding costs are generally tax deductible. Shares also deliver a tax benefit via franking. We’re excluding these tax benefits to keep our calculations simple.

The bottom line from this case study: To achieve $500 per month positive passive income, you’ll likely either need to buy a cheap investment property, or buy with less finance, or both.

Passive income via dividends

The average dividend yield for S&P/ASX 200 Index (ASX: XJO) shares is 4% per annum. But you can do better than that if you invest in some of the best income shares on the ASX.

Let’s take a look at a few examples.

ASX 200 share	Dividend yield
BHP Group Ltd (ASX: BHP)	5.42%
National Australia Bank Ltd (ASX: NAB)	4.86%
Westpac Banking Corp (ASX: WBC)	5.47%
ANZ Group Holdings Ltd (ASX: ANZ)	5.55%
Fortescue Ltd (ASX: FMG)	8.19%

If you were to buy Fortescue shares with the aim of generating $500 per month passive income (on average spread over two dividend payments per year), you’d need to have $73,260 in savings to buy the asset in the first place.

Shares vs. property

So, when it comes to shares vs. property and generating $500 per month in passive income, our case studies show that shares appear to be an easier investment strategy for achieving this particular goal.

The post Shares vs. property: How to generate $500 passive income per month appeared first on The Motley Fool Australia.

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More reading

• These 5 high-quality companies are now paying a better income than CBA shares
• Forget term deposits and buy these ASX dividend shares
• Here are the top 10 ASX 200 shares today
• Why Fortescue, Gold Hydrogen, MMA Offshore, and Sims shares are pushing higher
• Fortescue share price leaps 5% as electric machinery makes a milestone

Motley Fool contributor Bronwyn Allen has positions in Anz Group and BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 been a fairly lacklustre day for the S&P/ASX 200 Index (ASX: XJO), as well as many ASX 200 shares, so far this Tuesday. At the time of writing, the ASX 200 has retreated by 0.13%, leaving the index at just over 7,800 points.

But even though the broader market is suffering today, we are still seeing several ASX 200 shares hit new 52-week highs.

Let’s check them out.

5 ASX 200 shares smashing new 52-week highs today

First up is ASX and British banking stock Virgin Money UK plc (ASX: VUK). Virgin Money shares are enjoying a 0.24% tick upwards at present to $4.11 a share, which happens to be this bank’s new 52-week high for the past 12 months. It’s also the highest that Virgin Money shares have traded at since 2018.

This company has been on a rocket ship of late, thanks to a generous takeover offer of approximately $4.25 a share, which looks like it may go ahead soon.

Next up we have ASX 200 oil stock Beach Energy Ltd (ASX: BPT). Beach shares have enjoyed a huge 4.73% rise today and are presently sitting at $1.82 a pop. But earlier this morning, we saw this company get up to a high of $1.84, which is the new 12-month benchmark for Beach.

This may have something to do with a positive broker note out on Beach today.  As my Fool colleague covered earlier, ASX broker Morgans has given the company an add rating, alongside a 1-month share price target of $2.15.

NRW Holdings Ltd (ASX: NWH) is another ASX 200 share worth mentioning. NRW shares have risen a healthy 1.77% so far today up to $2.88 a share, which is also the contract services company’s fresh new high for the last year.

There’s been nothing out of the company itself that might explain this new high today. However, NRW shares traded ex-dividend yesterday, so this could just be an enthusiastic rebound from that stock price dip.

Chemicals and clothes

Next on the 52-week train today is ASX 200 chemical and explosives manufacturer Orica Ltd (ASX: ORI). Orica shares are also having a pleasant day, with the company currently enjoying a 1.86% boost up to $18.04 a share. That comes after Orica hit $18.05 a share this afternoon, which, you guessed it, is a new 52-week high.

This might be related to the recent Orica share purchase plan, which has just wrapped up. As we covered last month, the company is raising $465 million to help purchase sodium cyanide manufacturer Cyanco Intermediate 4 Corp. ASX filings today show several management figures participating in the share purchase plan. This could be giving Orica shares a boost too.

Finally, let’s check out ASX 200 retail stock Premier Investments Limited (ASX: PMV). Premier shares are up a rosy 3.88% right now at $31.80 each. But this is after the company spiked to $33.51 a share this morning just after open – the new 52-week high for Premier.

This seems to be a direct result of the company’s earnings results and demerger plans that were announced this morning. As we went through, these had Premier reveal slight drops in sales, earnings and profits.

But investors seem excited about the plans to spin off Premier’s star performers Smiggle and Peter Alexander into separate entities in 2025.

The post These 5 ASX 200 shares just hit new 52-week highs appeared first on The Motley Fool Australia.

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More reading

• Why Beach Energy, Elders, Lake Resources, and Premier Investments are rising today
• Premier Investments share price jumps 9% on results and demerger plans
• 5 things to watch on the ASX 200 on Tuesday
• Why ALS, EOS, NRW, and Patriot Battery Metals are dropping today
• If I were Warren Buffett, I’d buy these ASX shares in a heartbeat

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 Australian share market has been a strong performer over the last 12 months.

During this time, it has climbed a solid 12%. And that’s before dividends, which contribute a further 4% to the total market return.

Unfortunately, not all shares have fared as well as the market.

For example, the three ASX 300 stocks listed below have hit 52-week lows this week. Here’s what you need to know:

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price dropped to a 52-week low of $5.07 this morning. This stretches its 12-month decline to a disappointing 22%.

While today’s decline has been driven by the toll road operator’s shares going ex-dividend this morning, the rest of the decline can be attributed to its soft performance in FY 2023 and tax changes in France.

Commenting on the latter, the company said:

It is extremely disappointing that the French Government introduced this new tax. We, along with our partners at APRR, are committed to using all appropriate means and avenues to assert APRR’s legal and contractual rights to ensure that the concession contracts are respected, and their rights are protected.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price started the day at a 52-week low of 15.5 cents before edging higher.

Investors have been selling this ASX 300 lithium stock due to its decision to suspend its operations in response to weak lithium prices.

A recent note out of Goldman Sachs demonstrates just why this is a big red flag for investors. Goldman expects Core Lithium to go from estimated revenue of $178 million in FY 2024 to just $18 million in FY 2025 (and $34 million in FY 2026).

Core Lithium’s shares are down 80% over the last 12 month.

Telstra Group Ltd (ASX: TLS)

The Telstra share price has dropped to a 52-week low of $3.73 on Tuesday. This means the telco giant’s shares are now down 16% from their 52-week high.

This decline appears to have been driven largely by investors de-rating the ASX 300 stock in response to rising interest rates.

Telstra is often regarded as a bond proxy. Unfortunately, this means that when bond yields widen, Telstra’s shares lose their allure with investors. The only way for them to get it back is to trade on lower multiples that offer larger potential dividend yields to make it a more favourable option to bond yields.

The good news is that with interest rates tipped to fall later this year, it may not be long until Telstra’s shares gain some new admirers.

Goldman Sachs is likely to see this weakness as a buying opportunity. It has a buy rating and $4.55 price target on its shares.

The post Why Telstra and these ASX 300 stocks just hit 52-week lows appeared first on The Motley Fool Australia.

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More reading

• Why 29Metals, Atlas Arteria, IDP Education, and Mineral Resources shares are falling
• Telstra is paying 18 cents per share in dividends: Time to buy the stock?
• 3 reasons to sell Core Lithium shares
• 3 high-quality ASX retirement shares to buy this week
• These are the 10 most shorted ASX shares

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 Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra 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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Four years after the COVID crash, the S&P/ASX 200 Index (ASX: XJO) is now hovering around all-time highs. Oh, how times have changed. However, the top end of town is now valued at a premium that has not been seen since January 2022. It might suggest that ASX small-cap shares offer more bang for the buck.

Investors shied away from small-cap land as interest rates climbed starting in May 2022. The chart below shows that the S&P/ASX Small Ordinaries Index (ASX: XSO) has underperformed the top 200 by 12.6% since the Reserve Bank of Australia began jacking up rates.

Could the minnows of the market now be the companies to catch amid estimates of interest rate cuts as early as late 2024?

Is the ASX 200 expensive?

According to the S&P Capital IQ, the leading Australian index trades on a trailing 12-month price-to-earnings (P/E) ratio of 23.8 times. For context, the earnings multiple for Australia’s 200 best of the best at its peak in 2019, before the pandemic, was 21.6 times aggregate earnings.

In addition, much of the 12% gain in the ASX 200 over the past year can be attributed to a rise in the earnings multiple investors are willing to pay. A year ago, the benchmark traded on a P/E ratio of 14.7 times, which has inflated 62% since then, as shown below.

Now, this doesn’t necessarily mean the ASX 200 is expensive. It mainly depends on the extent of earnings growth for the top 200 companies in the years ahead. If corporate profits surge, then 24 times earnings might be justifiable.

ASX small-cap shares trading at lower multiples

More than 70 small-cap companies are trading on a P/E ratio that is 20% (or more) less than what the ASX 200 is currently commanding. This doesn’t mean they’re better value by default. A more in-depth review would be needed to decide on that.

Nevertheless, here are seven ASX small-cap shares that are less richly valued than the big end of town:

ASX-listed company	Market capitalisation	P/E ratio
Graincorp Ltd (ASX: GNC)	$1.81 billion	7.3
Elders Ltd (ASX: ELD)	$1.47 billion	14.5
Nick Scali Limited (ASX: NCK)	$1.23 billion	14.7
Accent Group Ltd (ASX: AX1)	$1.12 billion	15.7
Platinum Asset Management Ltd (ASX: PTM)	$765.6 million	9.7
Helloworld Travel Ltd (ASX: HLO)	$471.7 million	14.3
Lindsay Australia Ltd (ASX: LAU)	$350.5 million	9.6

History has demonstrated that small-caps often outperform large-cap land as interest rates fall, according to Wilsons Advisory.

The post 7 ASX small-cap shares that are cheaper than the ASX 200 in March 2024 appeared first on The Motley Fool Australia.

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More reading

• Why Beach Energy, Elders, Lake Resources, and Premier Investments are rising today
• 3 great ASX shares I want to buy in the next bear market
• Forget term deposits and buy these ASX dividend shares
• Here are the top 10 ASX 200 shares today
• Invest $15,000 in Accent stock and get $5,500 in passive income

Motley Fool contributor Mitchell Lawler has positions in Elders. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lindsay Australia. The Motley Fool Australia has recommended Accent Group, Elders, Lindsay Australia, and Nick Scali. 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 Mesoblast Ltd (ASX: MSB) share price is blasting off in early afternoon trade on Tuesday.

Shares in the ASX biotech company closed yesterday trading for 33 cents per share.

The company requested a trading pause this morning pending a further announcement.

That announcement was just released.

And investors have responded by sending the Mesoblast share price soaring to 45 cents per share, up 36.4%.

Here’s what the company reported.

Mesoblast share price lifts off on FDA news

Mesoblast is enjoying a big lift after reporting on encouraging communications with the US Food and Drug Administration (FDA).

After additional consideration of the clinical data from Mesoblast’s phase 3 study, the FDA said there appear to be sufficient results to support the submission of the company’s proposed Biologics License Application (BLA) for its remestemcel-L medicine to treat paediatric patients with steroid-refractory acute graft versus host disease.

Remestemcel-L is being developed for inflammatory diseases in children and adults, including steroid-refractory acute graft versus host disease, and biologic-resistant inflammatory bowel disease.

Commenting on the FDA’s guidance that’s sending the Mesoblast share price soaring this afternoon, CEO Silviu Itescu said, “We thank the agency for their collaborative approach.”

Silviu added, “The responses and guidance from FDA are clear and provide us with a high level of confidence to refile our BLA for remestemcel-L in children with SR-aGVHD.”

Mesoblast said it plans to file the resubmission during the next quarter. The ASX biotech stock aims to address the remaining product characterization issues.

How has the ASX biotech stock been tracking?

The Mesoblast share price has seen some big moves higher and lower over the past year.

With today’s intraday moves factored in, the ASX biotech share is up 45% in 2024.

The post Mesoblast share price rockets 36% on breaking FDA news appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords company is being sued by shareholders over stock price losses
• 4 ASX All Ords shares going gangbusters on Tuesday
• Why 4DMedical, Block, Judo, and Mesoblast shares are pushing higher today
• Why is the Mesoblast share price jumping 16% on Monday?
• Why Cettire, GQG, Mesoblast, and Nine Entertainment shares are falling 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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Commonwealth Bank of Australia (ASX: CBA) shares are popular among ASX passive income investors for their lengthy track record of generous dividend payouts.

The S&P/ASX 200 Index (ASX: XJO) bank stock has paid two fully franked dividends per year every year for more than a decade. Including the pandemic addled year of 2020.

CBA’s latest interim dividend was up 2.4% from the prior year, at $2.15 per share. Eligible shareholders can expect to see that payout land in their bank accounts this Thursday, 28 March.

CBA’s final dividend of $2.40 per share, paid on 28 September, was also up 14.3% year on year. That brings the full-year payout to $4.55 per share.

While that’s a healthy payout, the CBA share price has gained 25% over the 12 months.

Now, that’s also obviously a good thing.

However, it means the ASX 200 bank stock currently trades on a fully franked trailing yield of 3.8%.

So, if it’s passive income you’re after, here are five high-quality stocks trading on a higher yield than CBA shares.

Five ASX 200 stocks offering better income than CBA shares

Before the big reveal, please note that the yields we’re looking at here are trailing yields. Future yields may be higher or lower depending on a range of company-specific and macroeconomic factors.

With that said, the first ASX 200 share paying a better income than CBA shares is rival big four bank stock Australia and New Zealand Banking Group Ltd (ASX: ANZ).

ANZ paid a fully franked interim dividend of 81 cents per share on 3 July and a partly franked final dividend of 94 cents per share on 22 December.

That equates to a full-year payout of $1.75 per share. At the current share price of $29.14, ANZ trades on a partly franked trailing yield of 6.0%.

ANZ will announce its upcoming interim dividend on 7 May when the bank reports its half-year results.

The second high-quality ASX 200 company paying a higher dividend yield than CBA shares is oil and gas stock Woodside Energy Group Ltd (ASX: WDS).

Sliding profits hit by falling energy prices have seen Woodside’s dividends come down to the late 2022 and early 2023 levels. But the energy giant still paid out $2.16 in fully franked dividends over the past year.

At the current Woodside share price of $30.62, the stock trades on a fully franked trailing yield of 7.1%.

The third quality company paying a better passive income than CBA shares is ASX 200 retail stock Harvey Norman Holdings Ltd (ASX: HVN).

With Harvey Norman’s share price up 35% over 12 months and its dividends down from last year, the retail stock isn’t yielding what it did last year.

Still, the retailer delivered 22 cents per share in dividends over the 12 months. At the current Harvey Norman share price of $4.97, this company trades on a fully franked yield of 4.4%.

Two more high-quality ASX 200 dividend shares

Rounding out the list, two other high-quality ASX companies paying higher income than CBA shares are ASX 200 mining stock Fortescue Metals Group Ltd (ASX: FMG) and ASX 200 coal share New Hope Corp Ltd (ASX: NHC).

Fortescue paid a final dividend of $1.00 per share on 28 September. Eligible investors can expect to receive the $1.08 per share interim dividend tomorrow, 27 March.

That comes out to a full-year passive income payout of $2.08 per share. At the current Fortescue share price of $25.66, this equates to a fully franked trailing yield of 8.1%.

As for New Hope, despite sizeable reductions in the dividend payouts amid a big drop in coal prices, the miner still paid a final dividend of 30 cents per share on 7 November.

Management declared an interim dividend of 17 cents per share, which will be paid on 1 May. Passive income investors seeking to bank that dividend will need to own shares at market close on 12 April.

New Hope’s full-year payout will then come to 47 cents per share.

At the current New Hope share price of $4.40, this quality ASX company trades on a fully franked yield (partly trailing, partly pending) of 10.7%.

CBA shares, remember, trade on a yield of 3.8%.

The post These 5 high-quality companies are now paying a better income than CBA shares appeared first on The Motley Fool Australia.

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More reading

• Buy Woodside shares for a 20% gain and 4.5% dividend yield
• The ASX 200 stock that could get second time lucky
• Here are the top 10 ASX 200 shares today
• How these ASX 200 energy shares could unexpectedly burn brighter
• Why Fortescue, Gold Hydrogen, MMA Offshore, and Sims shares are pushing higher

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 positions in and has recommended Harvey Norman. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.1% to 7,801.1 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

29Metals Ltd (ASX: 29M)

The 29Metals share price is down 24% to 41 cents. This morning, the copper miner announced the suspension of operations at Capricorn Copper. This follows an extended period of rainfall between late January and mid-March resulting in a steady accumulation of water in regulated structures on site to levels now similar to the levels following the March 2023 extreme weather event.

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price is down 5% to $5.07. This has been driven partly by the toll road company’s shares going ex-dividend this morning. Eligible shareholders can now look forward to receiving the company’s 20 cents per share interim dividend next month on 8 April.

IDP Education Ltd (ASX: IEL)

The IDP Education share price is down 4% to $17.35. This morning, this language testing and student placement company announced the appointment of Kate Koch as its new chief financial officer (CFO). However, due to Koch needing to serve a six-month notice period at Seek Ltd (ASX: SEK), she won’t join until the start of October. This means that IDP Education will be operating without an actual CFO for the next six months.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is down 4% to $66.93. This may have been caused by a broker note out of Morgans this morning. Its analysts have downgraded the mining and mining services company’s shares to a hold rating with a $71.00 price target. The broker made the move on valuation grounds following a decent run.

The post Why 29Metals, Atlas Arteria, IDP Education, and Mineral Resources shares are falling appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 shares tumbling amid major management moves
• Mineral Resources shares fall despite ‘exceptional results’
• These are the 10 most shorted ASX shares
• 3 of the best ASX growth shares to buy now
• Here’s how the ASX 200 market sectors stacked up last week

Motley Fool contributor James Mickleboro has positions in Seek. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. The Motley Fool Australia has recommended Idp Education and Seek. 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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