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Often the dilemma with stocks that have very high dividend yields is that there could be concerns about the business outlook.

But just occasionally you come across an ASX stock that’s fallen in price, making it cheap and supercharging the dividend yield, but has a bright future ahead.

It’s that rare find that’s in the sweet spot.

Multi-mineral producer IGO Ltd (ASX: IGO) has seen its share price tumble more than 53% since July.

As a consequence, its yield now stands at a mouthwatering 9.6%.

Is this a trap or have we found the end of the rainbow?

Why has this dividend stock struggled?

Although IGO has a record of extracting nickel, copper, and cobalt, its market fortunes are overwhelmingly dominated by the headline-grabbing lithium business.

And global lithium prices have plummeted.

In November 2022, a tonne of lithium carbonate was fetching almost 600,000 CNY. Just 16 months later, you’d be lucky to sell it for 113,000 CNY.

The problem has been that China’s consumers are locking up their wallets, dampening demand for electric cars in that country.

Western markets have not helped either, with billions of consumers crushed by inflation-busting interest rate rises.

So that’s the bad news.

Has IGO bottomed now?

Now for the good news.

Lithium demand, in the long run, is expected to be strong.

In the coming years the world will need many new batteries to cope with the electrification of millions of engines that used to run on fossil fuels.

It’s not just about nations altruistically reducing their carbon footprint. Recent wars in Europe and the Middle East have reminded all and sundry that depending entirely on imported oil and gas is a risky move.

IGO Ltd, as one of the smaller miners, has done well to keep production going. Some other players, such as Core Lithium Ltd (ASX: CXO) have been forced to stop because producing lithium has become uneconomical.

Just last month the team at Blackwattle picked IGO as the lithium stock to buy for those wanting to get into lithium for cheap right now.

“We believe IGO provides investors with exposure to the best lithium mine in the world, Greenbushes, which is producing at a cost still well below current weak spodumene prices.”

And many of their peers agree.

According to broking platform CMC Invest, nine out of 18 analysts are recommending IGO as a buy right now.

So yes, this could be a rare time that a falling stock with a high dividend could be a wise buy.

The post A 10% yield but down 53%! Time for me to buy more of this hidden ASX gem? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• IGO share price marching higher despite trading ex-dividend today
• 5 things to watch on the ASX 200 on Tuesday
• 13 ASX 200 shares with ex-dividend dates next week
• Why the 2024 outlook for these rebounding ASX 200 lithium shares looks ‘better than market expectations’

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re kicking yourself that you missed Nvidia Corp (NASDAQ: NVDA)’s 240% gain over the past year as artificial intelligence (AI), never fear.

Nvidia stock is not the only AI game in town, so EAM Investors chief Travis Prentice reckons there are plenty of opportunities still out there.

“We’re… seeing strong, accelerating trends in everything levered to AI and believe there will be meaningful beneficiaries of the AI buildout in small cap companies globally, not just in the ‘Magnificent Seven’.”

A useful tip he gave is that they don’t have to be computing or even technology stocks.

“Obviously, we see massive opportunities broadly within key enabling technology providers in the space, but also in general industrials that are key beneficiaries of the necessary build in infrastructure to support these large data centres and compute loads that AI requires.”

The Motley Fool Australia asked US-based Prentice what some of those lateral ideas could be, and he named three stocks his fund is invested in:

First you have to construct the buildings

Eagle Materials Inc (NYSE: EXP) is a Texas company that makes building materials such as gypsum, concrete and wallboards.

It’s comparable to ASX staples James Hardie Industries plc (ASX: JHX) and CSR Ltd (ASX: CSR).

Prentice reckons that the business will benefit from all the facilities that need to be built to house all the computers that will calculate the world’s thirst for AI.

“Beneficiary of infrastructure build in general, including onshoring of manufacturing/building out of data centres,” he told The Motley Fool.

“Primarily visible by their pricing power/tight supply conditions driven by demand for cement/aggregates in their non-residential side of their business.”

Then you build the data centres within

A bit further down the supply chain is Vertiv Holdings Co (NYSE: VRT), which actually builds and operates data centres.

Thus Prentice said that it is a “more of [a] direct beneficiary within the data centre build”.

“Company provides power and thermal solutions in the data centre, most notably their strong market position in liquid cooling for high density compute applications.”

Believe it or not, over the last 12 months, Vertiv shares have outperformed Nvidia stock, rocketing more than 480% in that time.

All up the stock has risen an amazing 830% since July 2022.

Finally, fit out the data centres

On the other side of the world is Taiwanese outfit King Slide Works Co Ltd (TPE: 2059).

Prentice explained that it “engages in the manufacturing and design of furniture hardware and accessories”. 

“It also happens to have a strong portfolio of and customisation capabilities for server rail kits that help manage thermal issues and house AI servers in the data centre.”

King Slide shares have not slid at all, but have climbed a similar path to Nvidia in the past year, rising 245%.

To demonstrate the impact of the AI hype, all its gains over the past five years have been made in the last 12 months.

The post How to invest in artificial intelligence (AI) without buying Nvidia stock appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX tech stock is up 120% in three sessions thanks to Nvidia
• If you invested $10,000 in Nvidia stock the day ChatGPT came out, this is how much you’d have today
• Stock-split watch: Is Nvidia next?
• Guess which ASX tech stock is exploding 120% on a new deal with Nvidia
• Wake up! 3 stocks to watch RIGHT NOW

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Nvidia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Eagle Materials. The Motley Fool Australia has recommended 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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When it comes to investing, I’m a big advocate of being patient and buying the crème de la crème of ASX shares when opportunities arise and then holding on for the long-term.

This is instead of building a portfolio filled with so-so companies just because they were looking cheap at the time.

Warren Buffett has previously highlighted his success with this approach. In fact, over an investment period of almost 60 years, Buffett suggested that there are approximately 12 great investment decisions that are responsible for his success. He said:

Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire.

Given how Buffett has delivered an average annual return almost double what the market has achieved since 1965, it’s fair to say that he knows what he’s talking about.

ASX shares to buy and hold

The good news for investors is there are a couple of high-quality ASX shares that analysts believe are trading at very attractive prices today.

The first is biotechnology company CSL Ltd (ASX: CSL), which is the name behind the CSL Behring, Seqirus, and CSL Vifor businesses.

CSL Behring is a global biotherapeutics leader focused on using the latest technologies to discover, develop, and deliver innovative therapies for people living with conditions in the immunology, hematology, cardiovascular and metabolic, respiratory, and transplant therapeutic areas.

Whereas Seqirus is a global leader in influenza protection and CSL Vifor is a global leader in iron deficiency and iron deficiency anaemia therapies.

The team at UBS is very positive on the company’s outlook and has a buy rating and $330.00 price target on its shares. It believes the company could deliver double-digit earnings growth over the medium term.

Another ASX share that analysts rate extremely highly is ResMed Inc. (ASX: RMD). It is the world’s leading sleep disorder treatment company with a collection of highly regarded medical devices and software solutions.

Due to concerns over the threat of weight loss drugs, its shares are down meaningfully from their highs. Morgans doesn’t believe these drugs are a threat and sees the weakness as a buying opportunity.

It has an add rating and $32.82 price target on its shares. It notes that the “company remains well placed and uniquely positioned as it builds a patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.”

The post 2 ASX shares that could help set you up for life appeared first on The Motley Fool Australia.

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More reading

• Are CSL shares a must-buy in March?
• 1 ASX stock to consider buying that could be the next ResMed
• GLP-1 obesity medicines do the opposite of what ResMed stock investors feared
• What’s going so wrong for ASX 200 shares on Friday?
• If you’d put $1m into shares vs property at the start of COVID, how much would you have now?

Motley Fool contributor James Mickleboro has positions in CSL and ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Berkshire Hathaway, CSL, and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Berkshire Hathaway and CSL. 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 searching for some new additions to your income portfolio?

If you are, then it could be worth checking out the three ASX 300 dividend stocks named below that analysts rate as buys.

Here’s what sort of upside and yields they are forecasting from these shares:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX 300 dividend stock that analysts rate highly is Aurizon. It is a rail and road network operator connecting miners, primary producers, and industry with export and domestic markets.

The team Ord Minnett is positive on Aurizon and has an accumulate rating and $4.70 price target on its shares. This implies potential upside of 20% from current levels.

The broker also expects some attractive dividend yields. It is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.91, this will mean yields of 4.6% and 6.2%, respectively.

Charter Hall Group (ASX: CHC)

Another ASX 300 dividend stock that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.

Macquarie thinks the company is a buy rating and has an outperform rating and $15.54 price target on its shares. This suggests upside of 17% for investors over the next 12 months.

As for dividends, the broker is forecasting dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. Based on the current Charter Hall share price of $13.25, this will mean yields of 3.4% and 3.6%, respectively.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

A third ASX 300 dividend stock that could offer decent upside and an attractive yield is Dalrymple Bay Infrastructure. It is the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).

Morgans is positive on the company and has an add rating and $3.03 price target on its shares. This implies potential upside of 11%.

The broker also believes the company is well-positioned to pay dividends per share of 22 cents in FY 2024 and 22.6 cents in FY 2025. Based on the latest Dalrymple Bay Infrastructure share price of $2.73, this will mean yields of 8% and 8.3%, respectively.

The post How about adding these ASX 300 dividend stocks to your income portfolio in March? appeared first on The Motley Fool Australia.

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More reading

• Why bond yields are bruising ASX property shares on Monday
• How are ASX REITs smashing 52-week highs despite today’s market meltdown?
• 2 ASX dividend stocks that are market leaders to buy now
• $200 million sell-down among ASX 300 insider sales and purchases over past week
• 3 ASX 200 dividend shares that analysts love

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Aurizon. 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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Ever since buying my first ASX share, I’ve been ploughing most of my savings and wealth into the ASX stock market. Investing in S&P/ASX 300 Index (ASX: XKO) shares is, in my view, the best way to build wealth in Australia, period.

I’ve got nothing against property or other asset classes to be sure. But today, let’s discuss why most of my savings are invested in companies, and not houses or bonds.

There are three reasons why I personally try to ensure most of my savings go towards investing in ASX shares.

3 reasons I invest my savings into ASX shares

The returns

Firstly, ASX shares are, and always have been historically, one of the best-returning asset classes you can buy into. Every year, our chief investment officer, Scott Phillips, takes stock of the annual Vanguard chart. This compares the returns of different asset classes over the past 30 years.

Last year’s chart showed ASX shares handily outperformed cash, bonds and listed property, delivering an average return of 9.2% per annum over the 30 years to 30 June 2023. The only asset class to do better was US shares at 10% per annum.

Diversification

Secondly, we have diversity. It is inherently easy to diversify your wealth by investing in the share market. Whether you buy a simple index fund or invest in a portfolio of different ASX 300 shares, most investors don’t find it difficult to spread out their investments amongst different industries, sectors and markets.

With just five companies, you can have exposure to Australian banks, miners, telecommunications providers, grocery stores and retailers. To be clear, we normally recommend a portfolio of between 15-25 different stocks to be adequately diversified, but you get the drift.

In contrast, a property requires you to lock up at least hundreds of thousands of dollars (if not millions) in one plot of land in a single suburb of a single city.

Investing in ASX shares means less tax

Thirdly, investing in ASX shares is very efficient from a taxation perspective. For one, you don’t need to pay tax on any capital gains from your shares until you sell them. And even when you do, you will probably get a 50% discount on your capital gains tax if you’ve held the shares for longer than a year.

Dividend income is taxed as normal income. However, the franking credits that most ASX 300 shares pay alongside their dividends can help you minimise your tax bill.

Compare that to the full income tax you pay on any interest earned in a savings account or term deposit, and we have a clear winner in my view.

Foolish takeaway

So those are the three reasons I tend to invest most of my savings in ASX 300 shares. Of course, I still keep a proportion of my wealth in liquid cash as an emergency fund – enough to fund living expenses for several months.

I subscribe to the view that it is prudent financial practice to make sure that any unexpected expenses that life might throw at us can be paid without selling our investments at inopportune moments.

However, any surplus cash I rack up will eventually find its way into my ASX share portfolio. Now you know why.

The post Here’s why I’m investing most of my savings in ASX 300 shares! appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Big returns could be coming for high-flying Lovisa shares
• Down 5% in 2 years, does the Transurban share price reflect the 2024-26 dividend forecast?
• ASX 200 lifts as RBA keeps interest rates steady
• Down 12% over the past year, is the Woolworths share price a dead duck?

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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• ASX 200 lifts as RBA keeps interest rates steady
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• Broker names 2 of the best ASX mining shares to buy (with 40% to 50% upside)
• New Hope share price charges higher despite profit crunch and huge dividend cut

Motley Fool contributor Sebastian Bowen has positions in Newmont. 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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Lovisa Holdings Ltd (ASX: LOV) shares have been on a tear over the last 12 months.

During this time, the fashion jewellery retailer’s shares are up 43%.

And if you were fortunate enough to buy at the bottom in October, you would be up almost 90% on your investment.

But with its shares trading within sight of record highs, are the gains coming to an end now?

Maybe not.

Can Lovisa shares keep rising?

One broker that remains positive on the company and sees meaningful upside for investors is Morgans.

Last month, in response to its half-year results, Morgans reaffirmed its add rating with an improved price target of $35.00.

Based on its current share price of $31.68, this implies potential upside of 10.5% for investors over the next 12 months.

In addition, the broker is forecasting fully franked dividends of 83.4 cents per share in FY 2024 and 85 cents per share in FY 2025.

This implies a fully franked dividend yield of 2.6% for investors between now and this time next year, which boosts the total potential return to approximately 13%.

What did the broker say?

Commenting on Lovisa’s half-year result, which “surpassed expectations”, the broker said:

LOV is democratising jewellery. Its fashionable and attractively priced products are reaching and appealing to a larger and larger global audience. LOV has operations in over 40 markets and substantial white space to expand in almost all of them. The 1H24 result surpassed expectations, mainly due to strong gross margins, which were supported by favourable changes to the price architecture.

And while this has led to a modest increase to its earnings estimate for FY 2024, the broker believes investors should focus less on this year and more on its very bright long term outlook. It adds:

We have increased our EBIT estimate for the current year by 4%, but, for us, it’s not about the near-term. The investor should focus on what this business could develop into in the years ahead. We reiterate our Add rating and increase our target price.

Overall, the broker doesn’t appear to believe that it is too late to invest, which could make it worth a closer look. Especially given its extremely positive view on the company’s long-term growth potential.

The post Big returns could be coming for high-flying Lovisa shares appeared first on The Motley Fool Australia.

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More reading

• Why these ASX 200 growth shares could be top buys now
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• The most profound lesson from Lovisa’s results. What could it mean?
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Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. 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 hasn’t been a very pleasant two years for owners of the Transurban Group (ASX: TCL) share price.

Today, shares of this ASX 200 toll road operator are going for $12.90 each (at the time of writing). This time last year, you could have bought those same shares for $14.11. In March 2022, they were going for $13.58.

This means that Transurban shareholders have endured a loss of 8.6% over the last 12 months, and 5% over the past two years.

But most investors who buy shares of this toll road operator probably don’t do so for the explosive capital growth opportunity. With its inflation-hedged contracts ensuring regular toll price increases, investors tend to flock to Transurban for steady dividend returns.

Indeed, the stagnant Transurban share price has ensured that this company today offers a compelling dividend yield of 4.77% (albeit without franking credits attached). So does the current Transurban share price reflect what this company might pay out in dividends over the coming year or two?

What kind of dividends will Transurban shares payout going forward?

Naturally, it’s almost impossible to predict what kinds of dividends a company will pay out in the future before said company actually announces a payment. Remember, no company is under any obligation to fund dividends at a certain level, or indeed at all.

But Transurban’s revenues (and thus dividend ability) are easier to predict than most, thanks to the predictability of traffic volumes.

So let’s see what some experts think.

Just yesterday, my Fool colleague James covered the views of ASX broker Citi. Citi gave Transurban shares a buy rating, along with a 12-month share price target of $15.60. Citi partly based that on a prediction that Transurban would be able to fork out a total of 63 cents per share over the 2024 financial year, rising to 65 cents per share over FY2025.

If accurate, this would mean Transurban shares would be trading on a forward yield of 5.04% on that FY2025 figure.

CommSec projections largely agree with Citi’s numbers too. The brokerage platform is pencilling in similar amounts in dividends per share over the coming year or two. CommSec has a total of 62.1 cents per share in dividend for FY2024, rising to 65.4 cents for FY2025 and 68.7 cents for FY2026.

It’s hard to say for sure if the Transurban share price currently reflects these forecasts. But if they are accurate, I doubt any shareholder will complain.

The post Down 5% in 2 years, does the Transurban share price reflect the 2024-26 dividend forecast? appeared first on The Motley Fool Australia.

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More reading

• Buy these ASX 300 dividend shares for 10% gains and 5% yields
• How much could a $300,000 ASX share portfolio pay in dividends?
• If inflation rebounds I’ll be buying this leading ASX 200 share
• Analysts say these ASX All Ords dividend stocks are buys in March
• Bell Potter says these ASX 200 stocks are strong buys for March

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Transurban 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another small gain. At the time of writing, the benchmark index is up slightly to 7,683 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is down 1.5% to $3.51. This morning, the telco announced that it plans to challenge the instruction to sell down its holding in Superloop Ltd (ASX: SLC). Aussie Broadband has been told to reduce its stake to 12% as a greater level of ownership is not allowed under its constitution without the approval of the Info-communications Media Development Authority (IMDA) in Singapore. Today, Aussie Broadband has lodged a notice of Federal Court proceedings seeking injunctions against Superloop’s sale instruction.

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is down 3% to $1.25, This lithium developer’s shares have come under pressure since the release of its half-year results last week. For the six months ended 31 December, the company reported a net loss before tax of $31 million. In addition, it is worth highlighting that its shares had been on a strong run earlier in the month. So, it is possible that some profit taking is taking place today.

Metals Acquisition (ASX: MAC)

The Metals Acquisition share price is down almost 3% to $20.31. This has been driven by the release of a drilling update from the company’s CSA Copper Mine. The market may not have responded positively to the drilling results, but Metals Acquisition’s CEO, Mick McMullen, was pleased with them. He commented: “These results continue to showcase why we think the CSA Copper Mine has a long future with continued exploration success converting the Inferred Resource to Measured and Indicated, together with adding new mineralisation to the inventory.”

Seek Ltd (ASX: SEK)

The Seek share price is down 2% to $25.10. Today’s weakness appears to have been driven partly by the job listings company’s shares going ex-dividend this morning for its next payout. Last month, Seek released its half year results and declared a fully franked 19 cents per share interim dividend. This will be paid to eligible shareholders next month on 3 April.

The post Why Aussie Broadband, Liontown, Metals Acquisition, and Seek shares are falling appeared first on The Motley Fool Australia.

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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 Aussie Broadband. The Motley Fool Australia has recommended Aussie Broadband 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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The S&P/ASX 200 Index (ASX: XJO) is flat in afternoon trade, but that’s not holding this Australian dividend stock back.

The stock in question is ASX 200 gold miner Northern Star Resources Ltd (ASX: NST).

Northern Star shares closed yesterday trading for $13.65. At the time of writing, shares are swapping hands for $13.82 apiece, up 1.3%, having earlier posted gains of more than 1.5%.

The Australian dividend stock looks to be getting a boost from an overnight uptick in the gold price. The yellow metal is trading for US$2,162 per ounce (AU$3,297).

That sees most ASX gold stocks outperforming today, as witnessed by the 1.4% gain posted by the S&P/ASX All Ordinaries Gold Index (ASX: XGD).

What’s been happening with this Australian dividend stock?

The Northern Star share price has been on a strong upward trend since early October.

In fact, the Australian dividend stock has gained a whopping 38% since 3 October when shares closed the day trading for $10.04.

The ASX 200 gold miner has enjoyed a big lift in bullion prices over that time. On 5 October, gold was fetching US$1,820 per ounce, 18.8% below today’s levels. And most of those gains will find their way into Northern Star’s bottom line.

Northern Star also reported some very solid results for the six months ending 31 December.

That was driven by a big increase in the miner’s average realised gold price from AU$2,513 per ounce in the prior corresponding period to AU$2,873 per ounce over the second half of 2023.

Highlights of the half year included a 15% increase in revenue to $2.25 billion. And cash earnings leapt 50% to an all-time high of $702 million.

That saw the Australian dividend stock please passive income investors with a record interim unfranked dividend of 15 cents per share, up 36% from the prior interim dividend.

This brought the full-year dividend payout to 30.5 cents per share. At the current Northern Star share price, the gold miner trades at an unfranked trailing yield of 2.2%.

And with gold prices having breached new all-time highs in March, and continuing to trade near those highs, the outlook for more dividend growth and potential new record payouts looks good.

The post 1 Australian dividend stock quietly crushing the ASX today appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Monday

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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