Tag: Motley Fool

Investors that are on the lookout for big dividends might want to take a look at the ASX dividend giants listed below.

Both are among the biggest names on the Australian share market and have been labelled as buys and tipped to offer attractive dividend yields.

Here’s what income investors can expect to receive from them:

Westpac Banking Corp (ASX: WBC)

While almost all brokers think the big four banks are overvalued now following a strong run, there’s still one analyst that sees room for Westpac’s shares to climb higher.

A recent note out of Ord Minnett reveals that its analysts have an accumulate rating and $28.00 price target on the banking giant’s shares. This suggests potential upside of 6.5% for investors from current levels.

In addition, the broker is forecasting fully franked dividends of $1.45 per share in FY 2024 and $1.50 per share in FY 2025. Based on the current Westpac share price of $26.47, this will mean yields of 5.5% and 5.65%, respectively.

Woodside Energy Group Ltd (ASX: WDS)

Another ASX dividend giant that could be a buy right now is energy producer Woodside.

A recent note out of Morgans reveals that its analysts have an add rating and $34.20 price target on its shares. If they were to rise to this level, it would mean a very attractive gain of 15% for investors that buy in at current levels.

Another positive is that the broker is forecasting some attractive dividend yields in the near term. It is expecting the energy producer to be in a position to pay fully franked dividends of $1.36 per share in FY 2024 and $1.12 per share in FY 2025. Based on the current Woodside share price of $29.73, this equates to 4.6% and 3.8% dividend yields, respectively.

The post Buy Westpac and this ASX dividend giant appeared first on The Motley Fool Australia.

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More reading

• How much dividend income would I get from a $20k investment in Westpac shares?
• ASX energy shares losing charge amid fresh warnings of gas supply shortfalls
• I’d spend $5k on these ASX 200 shares today to target a $13,080 passive income
• $2.1 million! Who are the highest paid ASX 200 directors?
• 4 ‘overheated’ ASX 200 shares to stay away from

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation and Woodside Energy 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 has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

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

Boss Energy Ltd (ASX: BOE)

According to a note out of Macquarie, its analysts have retained their outperform rating and $6.00 price target on this uranium miner’s shares. The broker has been running the rule over the company’s first half update and drilling results from the Alta Mesa Project. It was pleased with both, noting that its results smashed expectations and that its drilling update potentially points to better than expected resource estimates. The Boss Energy share price ended the week at $4.92.

Webjet Ltd (ASX: WEB)

A note out of Citi reveals that its analysts have retained their buy rating on this online travel agent’s shares with an improved price target of $9.90. Citi was pleased with the company’s investor update presentation relating to its WebBeds business. It highlights that management plans to grow its total transaction value for the business to $10 billion by 2030. This will be double its FY 2025 target of $5 billion. The Webjet share price was fetching $8.74 on Friday.

Woolworths Group Ltd (ASX: WOW)

Analysts at Goldman Sachs have retained their conviction buy rating and $40.40 price target on this supermarket giant’s shares. According to the note, the broker believes that recent weakness due to inquiries into price gouging and anti-competitive behaviour claims has been an overreaction. It highlights that a similar inquiry in 2008 by the ACCC concluded that the supermarkets industry was “workably competitive.” In addition, it recalls that the recommended industry changes did not result in a material impact to its earnings. The Woolworths share price ended last week at $32.32.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• Top ASX shares to buy instead of a term deposit in March 2024
• Brokers name 3 ASX shares to buy now
• ASX energy shares losing charge amid fresh warnings of gas supply shortfalls
• ‘We have reached a bottom’: 5 ASX uranium shares leaping higher this week
• Why Arafura, Pentanet, Sigma, and Webjet shares are falling today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX materials shares led the ASX 200 market sectors last week, with a 2.35% gain over the five trading days.

The S&P/ASX 200 Index (ASX: XJO) rose 1.6% over the week to finish at 7,770.6 points on Friday.

Most of the week’s gains for the benchmark index came on Thursday after the United States Federal Reserve meeting and the decision to leave interest rates on hold.

But what got ASX investors really excited was Fed chair Jerome Powell saying it was likely the bank would cut rates “at some point this year”.

Eight of the 11 market sectors finished the week in the green.

Let’s review.

Materials shares led the ASX sectors last week

The biggest materials stocks by market capitalisation are, of course, the big three ASX 200 miners.

Last week, Fortescue Ltd (ASX: FMG) shares led the pack, rising 4.5% to $24.64 over the five trading days. Mineral Resources Ltd (ASX: MIN) shares matched it, also up 4.5% to $69.15 apiece.

Rio Tinto Ltd (ASX: RIO) shares rose 2.82% over the week to finish at $120.56 per share on Friday.

And the ‘Big Australian’, BHP Group Ltd (ASX: BHP) rose 2.77% to $43.79 per share.

The big miners were helped by a sharply rebounding iron ore price this week. The price leapt from a nine-month low of US$102.5 per tonne on 15 March to US$111.50 per tonne on Friday.

The bump followed stronger-than-expected industrial production data out of China, which eased investors’ broader economic concerns.

Also last week, gold traded at record highs above $US$2,200 per ounce due to investors’ confidence that major central banks will cut interest rates soon.

This buoyed local ASX 200 gold stocks including Newmont Corporation CDI (ASX: NEM) shares, up 2.95% over the week to $52.83 on Friday, and Evolution Mining Ltd (ASX: EVN) shares, up 2.56% to $3.40.

A bunch of ASX ETFs predominantly representing international shares hit new 52-week highs last week.

They included VanEck Morningstar Wide Moat ETF (ASX: MOAT) shares, which reached $129.78, and Global X Robo Global Robotics & Automation ETF (ASX: ROBO), which hit $78.60 apiece.

ASX 200 market sector snapshot

Here’s how the 11 market sectors stacked up last week, according to CommSec data.

Over the five days:

S&P/ASX 200 market sector	Change last week
Materials (ASX: XMJ)	2.35%
A-REIT (ASX: XPJ)	1.88%
Financials (ASX: XFJ)	1.44%
Industrials (ASX: XNJ)	1.36%
Energy (ASX: XEJ)	1.35%
Healthcare (ASX: XHJ)	0.57%
Information Technology (ASX: XIJ)	0.54%
Consumer Discretionary (ASX: XDJ)	0.41%
Consumer Staples (ASX: XSJ)	(0.51%)
Utilities (ASX: XUJ)	(0.33%)
Communication (ASX: XTJ)	(0.12%)

The post Here’s how the ASX 200 market sectors stacked up last week appeared first on The Motley Fool Australia.

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More reading

• Why the BHP share price crushed the benchmark this week
• Here is the profit forecast to 2026 for BHP shares
• 12 ASX ETFs breaking the mould to hit 52-week highs today
• Are dividends your thing? Then you’ll love these 2 high-yield ASX shares
• Brokers name 3 ASX shares to buy now

Motley Fool contributor Bronwyn Allen has positions in 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 recommended VanEck Morningstar Wide Moat 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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ANZ Group Holdings Ltd (ASX: ANZ) shares and the rest of the big four banks are popular with income investors.

And it isn’t hard to see why.

The big four banks are among the biggest dividend payers on the Australian share market.

In fact, in FY 2023, ANZ paid out a total of $4,559 million in dividends to its 531,000 shareholders.

Will this trend continue in the future? Let’s take a look at what analysts are forecasting for the ANZ dividend through to FY 2026.

ANZ dividend forecast

According to a note out of Goldman Sachs, its analysts are expecting the bank to pay a 75% franked $1.62 per share dividend this year.

While this is down from $1.75 per share in FY 2023, that’s because the bank declared an additional one-off unfranked dividend of 13 cents per share with its result to make up for a lack of franking credits.

At the time, the ANZ board explained:

The proposed 2023 Final Dividend is 94cps, partially franked at 56%. This comprises an 81cps dividend partially franked at 65%, and an additional one-off unfranked dividend of 13cps. The level of franking reflects the geographically diverse nature of our business, as well as the timing of the proposed Suncorp Bank transaction. The Board recognised that lower franking may not have been anticipated by some shareholders. In recognition of this, and given our strong performance, the Board agreed that the one-off unfranked dividend was appropriate.

So, that’s a $1.62 per share dividend in FY 2024. Based on the current ANZ share price of $29.04, this will mean a very attractive 5.6% dividend yield.

What about FY 2025 and FY 2026?

If you like consistency, then you may like ANZ shares.

That’s because Goldman Sachs is expecting another 75% franked $1.62 per share dividend in FY 2025, which will mean another 5.6% dividend yield.

And then once again in FY 2026, the broker is forecasting a third 75% franked $1.62 per share dividend in a row. This will mean yet another 5.6% dividend yield for income investors.

The post Here’s the ANZ dividend forecast through to 2026 appeared first on The Motley Fool Australia.

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More reading

• 3 fantastic high-yield ASX dividend shares to buy next week
• 4 ‘overheated’ ASX 200 shares to stay away from
• If I’d put $5,000 in ANZ shares at the start of 2024, here’s what I’d have now
• How I’d invest $20k to target $1,400 a year from ASX dividend shares
• How about buying these ASX dividend 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 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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After closing flat on Monday, the BHP Group Ltd (ASX: BHP) share price charged higher over the following three trading days, before giving back some of those gains on Friday.

All told this saw shares in the S&P/ASX 200 Index (ASX: XJO) iron ore miner finish the week up 2.8%, smashing the 1.6% gains posted by the benchmark index.

Rival iron ore miners Rio Tinto Ltd (ASX: RIO) and Fortescue Metals Group Ltd (ASX: FMG) also handily outpaced the ASX 200.

Rio Tinto shares closed the week up 2.8%. Fortescue shares led the pack, gaining 4.5% since the opening bell on Monday.

Here’s what sent the BHP share price charging higher.

What boosted the BHP share price?

The biggest tailwind helping the ASX 200 miners outperform over the week was the rebounding iron ore price.

On Friday 15 March, the industrial metal dipped below US$100 per tonne. At market open on Friday 22 March, that same tonne was trading for US$109.15.

The steel-making metal, along with the BHP share price, surged over the week following some promising economic data out of China, Australia’s top export market.

While China’s steel-hungry property markets remain weak, industrial production in January and February increased 7% year on year. That far exceeded consensus estimates of a 5% increase.

On the back of that data, Australia and New Zealand Banking Group Ltd (ASX: ANZ) analysts Daniel Hynes and Soni Kumari forecast that iron ore prices have bottomed for 2024.

“Iron ore prices may be near a floor amid a reset in expectations around [China’s] demand,” they said. “Weak consumption from the property sector is being countered by robust demand from other sectors.”

Those other steel-hungry sectors include infrastructure and renewables investments, social housing, and the nation’s massive car manufacturing industry.

Then there’s copper, BHP’s second biggest revenue earner after iron ore.

The red metal gained 1% over the week gone by, trading for US$8,950.50 at market open on Friday.

Now what?

Despite the strong weekly performance sending BHP back to $43.79 a share, a number of analysts remain bullish on the outlook for the ASX 200 iron ore miner.

Earlier in March, Citi upgraded its rating for BHP stock to a buy with a $46 target for the BHP share price.

That represents a potential 5% upside from Friday’s closing price.

The post Why the BHP share price crushed the benchmark this week appeared first on The Motley Fool Australia.

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More reading

• Here is the profit forecast to 2026 for BHP shares
• Is the worst of the selling now over for ASX iron ore shares?
• How much could $10,000 invested in BHP shares be worth next year?
• How I’d invest $20k to target $1,400 a year from ASX dividend shares
• Why are ASX 200 mining shares smashing the benchmark on Wednesday?

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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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Superannuation may be the key asset for funding the life expenses of someone in retirement. Therefore, the superannuation balance can make a big impact.

We have looked at the average superannuation balance, the average for a 40-year-old and a number of other ages. In this article, we’re going to look at the financial picture of an 80-year-old.

It’s interesting to look at how much an 80-year-old may have in their superannuation balance because superannuation was only introduced in Australia in July 1992. Hence, people in their 80s haven’t had a full lifetime of working whilst it has been applicable.

The 80s are an important time of life, and it may be very useful to have a larger superannuation balance for necessary (or desired) costs such as healthcare expenditures, bills and holidays.

What’s the average superannuation balance at age 80?

Based on the Australian Taxation Office (ATO) Taxation Statistics report for FY21, the average balance for someone aged 80 was $475,422. This figure actually includes everyone aged 75 or more, which is the oldest age group of the ATO statistics.

The median superannuation balance for someone aged 80 (or at least 75) was $171,716.

Why is there such a big difference? The median number is what we can describe as the middle number. If all the people aged at least 75 were in a line based on their superannuation balance, the median number tells us what the person in the middle of the line has.

The average balance includes people with large balances, such as high earners and those who have contributed a large amount to their superannuation.

For example, if we had three people – one with a $100,000 balance, one with $200,000 and one with a $1 million balance, the average would be $433,333 and the median would be $200,000. That’s a big difference.

The numbers I’ve given you are for all Australians. However, there can sometimes be sizeable differences between the amounts for male and female balances.

The average female balance for an 80-year-old was $436,865, while the median superannuation balance was $168,973.

Turning to the male balances, the average balance was $507,556 and the median superannuation balance was $174,179.

What can we learn from these figures?

It seems that the average 80-year-old, or people aged at least 75, have a sizeable nest egg. But is it enough for a comfortable retirement?

According to the Association of Superannuation Funds of Australia, the superannuation balance required to achieve a comfortable retirement at 67 is $690,000 for a couple and $595,000 for a single.

An average couple are probably doing quite well, but the people with a median balance may only have enough for a reasonably modest retirement. A modest financial retirement can still be very fulfilling of course – there’s more to life than money and how much we spend on something.

I think it’s a good idea to periodically assess your superannuation balance to see the progress made toward a particular retirement goal.

But, keep in mind that the last few years of working will have the biggest effect. A 65-year-old with a $500,000 balance that benefits from a 10% rise of the portfolio would mean they would become a 66-year-old with a $550,000 balance.

There are a variety of things that we can do to ensure a healthy nest egg including adding more to superannuation each year and investing in growth-focused asset classes that can produce better returns over time.

We’ve seen (ASX) shares beat the return of defensive assets of cash and bonds over the long term.

The post Here’s the average Australian superannuation balance at age 80 in 2024 appeared first on The Motley Fool Australia.

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More reading

• New to investing? I’d invest my first $1,000 in ASX shares today!
• Buy and hold these ASX ETFs until 2034
• These ASX 200 shares could rise 20% to 50%
• 3 fantastic high-yield ASX dividend shares to buy next week
• Here is the profit forecast to 2026 for BHP shares

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 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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Everyone remembers their first time.

If you have never done it before, buying ASX shares can be a scary experience.

You don’t know whether you will lose money. You feel like you don’t have as much knowledge as the veterans. You’re concerned about being “fleeced”.

However, it’s a lot easier to get started now than it used to be.

Back in the days when you had to buy stocks through a human broker on the telephone, investors often needed to put in a decent whack of money to make the brokerage fees worthwhile.

These days, with the advent of online broking platforms, just $1,000 can get your portfolio started.

So if I were starting now, what would I buy?

An easy way to begin for a new investor

A great place to start is index exchange-traded funds (ETFs).

Buying an ETF stock provides the beginner with instant diversification and all the risk management benefits that comes with it.

And in modern times there are indices for every investment angle, so it’s not hard to find something that suits your tastes and judgments.

ETF shares also save a lot of time and effort for novices, as they don’t need to be constantly following the news on particular companies to decide whether to buy or sell. The index, and therefore the fund, will automatically do that on their behalf.

But — and you know it was coming — there is a catch.

What index ETFs can’t give you

The limitation of index funds is that it will never perform better than the market. That’s the trade-off one makes for the convenience it brings.

Actively picking ASX shares is the only way an investor has a chance to do better than the average.

And while that might be daunting to the first-timer, there are plenty of quality choices on the ASX to choose from.

They need not be speculative. If you are convinced that the business will be in better shape in five years’ time than how it is now, you have a buy candidate.

Take three of my current favourites at the moment — Xero Ltd (ASX: XRO), Johns Lyng Group Ltd (ASX: JLG) and Telix Pharmaceuticals Ltd (ASX: TLX).

They are in vastly different industries — software, construction and healthcare — but are all quality companies with an excellent track record of growing value for shareholders.

The past five years has seen their share prices return 171%, 386%, and 1,900% respectively.

No index fund could even come close to that sort of performance.

Of course, not every stock you pick will do that well. But if the portfolio is properly diversified, these types of winners can make up for the losers, plus more.

The post New to investing? I’d invest my first $1,000 in ASX shares today! appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• I just invested $3,000 into this top ASX 200 stock
• Here are the top 10 ASX 200 shares today
• 5 oversold ASX shares to buy in March 2024

Motley Fool contributor Tony Yoo has positions in Johns Lyng Group, Telix Pharmaceuticals, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group, Telix Pharmaceuticals, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Johns Lyng Group and Telix Pharmaceuticals. 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 would like to make some buy and hold investments but aren’t keen on stock picking, then it could be worth looking at the exchange-traded funds (ETFs) listed below.

These four ASX ETFs are highly rated and could be good options for investors wanting long-term options.

Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF could be a top ASX ETF to buy and hold. Particularly if you’re looking for exposure to the growing Asian economy. That’s because this popular ETF gives investors access to the best tech stocks in the region. Many of these are the region’s equivalents of the West’s biggest and best tech giants. Among its holdings are e-commerce giant Alibaba, search engine leader Baidu, iPhone manufacturer Taiwan Semiconductor Manufacturing Company, WeChat owner Tencent, and Temu owner Pinduoduo.

Vanguard U.S. Total Market Shares Index ETF (ASX: VTS)

If you’re more bullish on the US economy, then it could be worth looking at the Vanguard US Total Market Shares Index ETF. This fund allows investors to buy a part of ~4,000 US listed shares of all shapes and sizes. The fund manager, Vanguard, highlights that this allows investors to participate in the long-term growth potential of the US economy and its listed companies.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ASX ETF to consider for a long-term investment is the BetaShares Global Cybersecurity ETF. It provides investors with access to a global cybersecurity sector that is forecast to grow materially over the next decade and beyond. This is being driven by the rising threat of cybercrime and more and more infrastructure moving to the cloud. Among the companies included in the fund are Accenture and Palo Alto Networks.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Finally, it would be remiss to not include the hugely popular BetaShares NASDAQ 100 ETF in this list. It provides access to the biggest and best companies that Wall Street’s NASDAQ index has to offer. This includes Amazon, Apple, Microsoft, and Nvidia. So, with these companies all having very bright futures, it certainly could pay to have them in your portfolio.

The post Buy and hold these ASX ETFs until 2034 appeared first on The Motley Fool Australia.

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More reading

• 12 ASX ETFs breaking the mould to hit 52-week highs today
• 4 top ASX exchange-traded funds smashing record highs on Wednesday
• Give your portfolio a big boost with these high-quality ASX ETFs
• 2 great ASX ETFs I’d buy and hold forever
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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 James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Accenture Plc, Amazon, Apple, Baidu, BetaShares Global Cybersecurity ETF, BetaShares Nasdaq 100 ETF, Microsoft, Nvidia, Palo Alto Networks, Taiwan Semiconductor Manufacturing, and Tencent. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alibaba Group and has recommended the following options: long January 2025 $290 calls on Accenture Plc, long January 2026 $395 calls on Microsoft, short January 2025 $310 calls on Accenture Plc, and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Amazon, Apple, Betashares Capital – Asia Technology Tigers Etf, and Nvidia. 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 big returns for your portfolio, then look no further.

That’s because the ASX 200 shares listed below have been named as buys by brokers and tipped to rise over 20% from current levels.

Here’s what you need to know about these shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The team at Morgan Stanley sees significant value in this pizza chain operator’s shares at current levels.

In response to its half-year results last month, the broker retained its overweight rating and $68.00 price target on its shares.

Based on the current Domino’s share price of $43.52, this implies potential upside of approximately 56% for investors.

South32 Ltd (ASX: S32)

If you’re not averse to investing in the mining sector, then it could be worth considering diversified miner South32.

This ASX 200 mining share produces ten commodities from operations across six countries and three regions.

The good news is that the team at UBS believes the outlook for some of these commodities is becoming increasingly positive. This is particularly the case for copper, which could be heading for a supply crunch according to the broker.

In light of this, its analysts recently retained their buy rating with a $4.00 price target. This suggests potential upside of 37% for investors from current levels.

Telstra Group Ltd (ASX: TLS)

Finally, analysts at Goldman Sachs believe that this telco giant’s shares could generate big returns for investors.

The broker currently has a buy rating and $4.55 price target on the ASX 200 share. If the Telstra share price were to rise to this level, it would mean a 20% return for investors.

In addition, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and 19 cents per share in FY 2025. This will mean yields of 4.8% and 5%, respectively, which boosts the total potential 12-month return to approximately 25%.

The post These ASX 200 shares could rise 20% to 50% appeared first on The Motley Fool Australia.

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More reading

• Top ASX shares to buy instead of a term deposit in March 2024
• Are dividends your thing? Then you’ll love these 2 high-yield ASX shares
• 2 ASX 50 dividend stocks to buy now
• How I’d invest $20k to target $1,400 a year from ASX dividend shares
• Why Amcor, Arafura, Brainchip, and South32 shares are tumbling today

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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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Are you on the lookout for some new additions to your income portfolio?

Well, I have some good news for you. Listed below are three ASX dividend shares that brokers have recently named as buys and tipped to offer very generous dividend yields.

Here’s what you can expect from them in the medium term:

ANZ Group Holdings Ltd (ASX: ANZ)

Ord Minnett thinks that this banking giant could be an ASX dividend share to buy right now.

Particularly given that its acquisition of Suncorp Bank is nearing completion. The broker believes the acquisition will add scale to areas where it currently trails the other big four banks.

In respect to income, its analysts are forecasting fully franked dividends per share of $1.62 in FY 2024 and $1.65 in FY 2025. Based on the current ANZ share price of $29.04, this will mean dividend yields of 5.6% and 5.7%, respectively.

Ord Minnett currently has an accumulate rating and $31.00 price target on its shares.

GDI Property Group Ltd (ASX: GDI)

The team at Bell Potter is tipping this property company’s shares as a buy. Especially given its expectation that GDI Property is well-positioned to pay some big dividends in the coming years.

The broker is forecasting dividends per share of 5 cents across FY 2024, FY 2025, and FY 2026. Based on the current GDI Property share price of 60.5 cents, this implies dividend yields of 8.3% for the next three years.

Bell Potter has a buy rating and 75 cents price target on its shares.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that analysts at Bell Potter are bullish on is Rural Funds.

It is a property company that owns a portfolio of high-quality assets across a number of agricultural industries. This includes orchards, vineyards, water entitlements, cropping, and cattle farms.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.09, this will mean yields of 5.6% for investors.

Bell Potter has a buy rating and $2.40 price target on its shares.

The post 3 fantastic high-yield ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• Top ASX shares to buy instead of a term deposit in March 2024
• Popular ASX All Ords shares with ex-dividend dates next week
• Want the latest quarterly dividend from Rural Funds? You’d better hurry
• 4 ‘overheated’ ASX 200 shares to stay away from
• If I’d put $5,000 in ANZ shares at the start of 2024, here’s what I’d have now

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