Tag: Motley Fool

The Rio Tinto Ltd (ASX: RIO) share price is having a tough time on Thursday.

In morning trade, the mining giant’s shares are down almost 3% to $120.25.

Why is the Rio Tinto share price tumbling?

The weakness in the miner’s share price today is nothing to do with commodity prices or an operational update, nor is it due to a broker downgrade.

Instead, the Rio Tinto share price is falling today because of its dividend.

Today is the day that the company’s shares go ex-dividend. When this happens, it means that the rights to its next dividend payment have been finalised.

As a result, if you were to buy Rio Tinto shares today, you would own the shares but not receive the dividend on pay day. That dividend would instead find its way to the bank account of the seller of the shares even though they’re no longer in their portfolio.

As you would expect, investors don’t want to pay for something they won’t receive. This means that generally on ex-dividend day, a company’s share price will fall in line with the value of the dividend to reflect this.

How big is the Rio Tinto dividend?

When Rio Tinto released its full year results last month, it reported a 3% decline in revenue to US$54,041 million and a 9% fall in underlying EBITDA to US$23,892 million.

This led to the company declaring total fully franked dividends of US$4.20 per share for FY 2023, which was down 12% year on year. This comprises a US$1.62 per share interim dividend and a US$2.58 per share final dividend.

It is the latter dividend, which equates to A$3.92 per share in local currency, that the company’s shares are going ex-dividend for this morning.

Based on where the Rio Tinto share price ended yesterday’s session, this final dividend alone represents a generous 3.2% dividend yield.

Eligible shareholders can now look forward to receiving this dividend next month on 18 April.

The post Why is the Rio Tinto share price tumbling into the red? appeared first on The Motley Fool Australia.

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More reading

• Forget Westpac and buy these ASX dividend shares
• 5 things to watch on the ASX 200 on Tuesday
• Want to bank the Rio Tinto dividend? You’ll need to be fast!
• 34 ASX 200 shares with ex-dividend dates next week
• 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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The Woodside Energy Group Ltd (ASX: WDS) share price is in the red on Thursday.

In early trade, the energy giant’s shares are down 3% to $29.56.

What’s going on with the Woodside share price today?

This decline has been driven by the company’s shares going ex-dividend this morning along with fellow mining giants BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO).

When a company’s shares go ex-dividend, they will generally decline by the value of that dividend. That’s because the rights to the dividend are now locked in and anyone buying its shares today won’t be entitled to receive the pay out when it is made.

In the case of Woodside, it declared a 91.5 cents per share final dividend with its full year results last month.

Based on where the Woodside share price closed yesterday’s session, this equates to a very decent dividend yield of 3% for just the final dividend.

Eligible shareholders can now look forward to receiving this payment in their nominated bank accounts next month on 4 April.

Insider selling

One shareholder that won’t be receiving as many dividends as they could have is CEO, Meg O’Neill.

That’s because earlier this week, the company revealed that its leader offloaded 14,883 shares for an average of $30.09. This equates to a total consideration of almost $450,000.

To put that into context, those 14,883 shares would have generated $13,617.945 in dividends next month if O’Neill had held onto them.

Nevertheless, Woodside’s CEO is still on course to have a bumper pay day from her remaining shareholding.

With O’Neill in possession of 173,920 ordinary Woodside shares, she can look forward to a $159,136.80 dividend pay day after the Easter break.

The post What is dragging the Woodside share price lower today? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• How these tailwinds could re-energise ASX 200 energy shares in 2024
• Investing in an ASX share portfolio for lifelong passive income!
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor James Mickleboro has positions in 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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The BHP Group Ltd (ASX: BHP) share price is under pressure on Thursday.

In morning trade, the mining giant’s shares are down 2% to $43.37.

Why is the BHP share price sinking?

The good news for shareholders is that today’s weakness is not due to a broker downgrade or a crashing iron ore price.

Rather, today’s decline could actually be classed as a positive for them.

That’s because the decline has been driven by the Big Australian’s shares trading ex-dividend this morning for its next dividend.

When a share goes ex-dividend, it means that the rights to the payout are now settled.

So, even if you were to buy BHP’s shares today, you wouldn’t receive this dividend on pay day. Instead, it will go into the bank account of the seller of its shares.

As a dividend forms part of the BHP share price valuation, it has fallen today to reflect this. After all, nobody wants to pay for something they won’t receive.

The BHP dividend

When BHP released its half-year results last month, it reported a 6% increase in revenue to US$27.2 billion and flat normalised earnings of US$6.6 billion.

This allowed the BHP board to declare a fully franked interim dividend of 72 US cents per share (A$1.10 per share) for the period.

With the BHP share price going ex-dividend for this today, it means that pay day is just around the corner for investors.

At present, the BHP dividend is scheduled to be paid to eligible shareholders later this month on 28 March.

Based on the BHP share price at yesterday’s close, this dividend equates to a very attractive 2.5% dividend yield.

The post Why is the BHP share price sinking today? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Insiders have been buying these ASX 200 mining shares
• 3 ASX 200 shares I think could grow to be bigger than BHP one day
• 5 things to watch on the ASX 200 on Tuesday
• Want the next BHP dividend? You don’t have long to act

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

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The team at Morgans has been busy picking out its best ASX 200 share ideas for March.

The first two ASX 200 shares we looked at can be found here. Read on for two more picks:

QBE Insurance Group Ltd (ASX: QBE)

Morgans thinks that QBE could be good value at current levels. Particularly given that its earnings profile looks set for major improvements thanks to rate increases and cost reductions. The broker said:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on 8x FY24F PE.

Morgans has an add rating and $17.96 price target on QBE’s shares.

ResMed Inc (ASX: RMD)

Weight loss wonder drug concerns are overblown according to analysts at Morgans.

As a result, the broker believes that ResMed would be a top ASX 200 share to buy right now. Especially given its very bright long-term outlook which is being underpinned by its connected-care digital platform. It explains:

While weight loss drugs have grabbed headlines and investor attention, we see these products having little impact on the large, underserved sleep disorder breathing market, and do not view them as category killers. Although quarters are likely to remain volatile, nothing changes our view 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.

Morgans has an add rating and $32.82 price target on ResMed’s shares.

The post Morgans names more of the best ASX 200 shares to buy in March appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• 2 ASX 200 dividend shares that could be strong buys this month
• Key takeouts for ASX shares this earnings season: CBA analysis
• 2 classic ASX 200 shares you can buy for cheap now to hold for years
• It’s not too late to buy these 2 rocketing ASX 200 stocks

Motley Fool contributor James Mickleboro has positions in ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Nvidia (NASDAQ: NVDA) shares have soared more than 250% over the past year as the technology company reported triple-digit growth in earnings — and these measures reached record levels. What’s driven Nvidia’s success? The company’s dominance in the area of artificial intelligence (AI) chips.

Not only does Nvidia hold an 80% share of this rapidly growing market, but the company also offers a wide range of other products and services for companies aiming to launch AI projects. Nvidia reports earnings from these AI-related sales as part of its data center business, and in recent times, that business has been booming. In fact, this trend could signal even more gains for the high-flying stock.

As the chart below illustrates, Nvidia’s data center revenue has climbed nearly every quarter sequentially since late 2020 — and growth really took off in the fiscal year 2024. From the fourth quarter of the fiscal 2023 year to the fourth quarter of fiscal 2024, data center revenue surged more than 400% to a record level of more than $18 billion.

A leader in a growing market

This trend, along with a few other key elements, signals more gains could be on the horizon for Nvidia stock. First, Nvidia is a leader in a market some analysts expect to surpass more than $1 trillion by the end of the decade. Second, Nvidia is increasing its investments in research and development, a move that should help it stay ahead of its rivals.

Finally, Nvidia is at the start of its growth story in AI software, an area chief executive officer Jensen Huang says could represent significant potential.

So, what does this mean for investors? Nvidia’s shares trade for about 34x times forward earnings estimates, a level that seems reasonable for a leader in a high-growth market. All of this means that for investors interested in investing in potential AI winners, Nvidia could be a great choice. Even after the stock’s gains, it still may have plenty of room to run over the long term. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post This trend could signal more gains for Nvidia shares appeared first on The Motley Fool Australia.

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More reading

• Is the surging Nvidia share price causing a stock market bubble?
• Should I buy Nvidia stock as an Australian investor?
• 1 ASX stock I think is just as hot as Nvidia (without all the hype)
• Here’s how the ASX 200 market sectors stacked up this week
• The Brainchip share price is up 213% this month. Is Nvidia to blame?

Adria Cimino 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 has recommended Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Pilbara Minerals Ltd (ASX: PLS) shares have been having a tough time over the last seven months.

During this time, the lithium miner’s shares have lost almost a quarter of their value. That’s despite a recent rebound which has seen them rally 15% since this time last month.

While this is disappointing for shareholders, it could be a buying opportunity for the rest of us.

That’s the view of analysts at Morgans, which have just added the company’s shares to its best ideas list.

Pilbara Minerals shares is a best buy

According to the note, the broker remains very positive on Pilbara Minerals despite the significant weakness in lithium prices.

It believes that the company’s strategy of growing production during this phase of the cycle is the right strategy. It commented:

We view PLS as a fundamentally strong and globally significant hard-rock lithium miner. The company has successfully executed on ramping up the expansion of Pilgangoora, while progressing plans to expand output (P680 and P1000). Supported by a strong balance sheet, with net cash at ~A$2.1bn at the end of December, PLS’ expansion plans remain uniquely undeterred by the significant weakness in lithium prices.

For PLS, the best form of defence against lithium prices is to stay on the attack, with its medium-term plans to continue expanding its production aimed primarily at building greater economies of scale and a more defensive margin.

Double-digit return expected

The note reveals that Morgans currently has an add rating and $4.50 price target on the Pilbara Minerals’ shares.

Based on its current share price of $4.09, this implies potential upside of 10% for investors over the next 12 months.

All in all, this could make it a good option for investors that are looking for quality exposure to the lithium industry right now.

The post Morgans says Pilbara Minerals shares are a best idea in March appeared first on The Motley Fool Australia.

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More reading

• Could the big short of ASX lithium stocks be nearing its end?
• 2 ASX 200 shares I recently sold
• Why are ASX lithium shares like Pilbara Minerals crashing on Tuesday?
• Why the 2024 outlook for these rebounding ASX 200 lithium shares looks ‘better than market expectations’
• Here’s the latest lithium price forecast through to 2027

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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ASX small-cap shares can have great growth potential if they’re exposed to other countries beyond Australia. I’m going to outline two ASX stocks that I really like.

If a $1 billion business grows to $2 billion, it has doubled. If a $200 million business rises to $1 billion it has gone up 5 times. A small business isn’t guaranteed to go up, but the good ones have lots of growth potential.

I think both of these ASX stocks are exciting.

Airtasker Ltd (ASX: ART)

Airtasker runs a platform that connects people who need work with people willing to do that work. Tasks include removalists, furniture assembly, plumbing, pest removal, painting, accounting and photography.

The business has built a strong position in Australia, and it has growth ambitions in the US and UK.

It has reached profitability, which could be a catalyst for the business. The FY24 first-half result saw positive free cash flow of $0.1 million (up $4.7 million), positive operating cash flow of $1.4 million (up $7.6 million) and positive earnings before interest, tax, depreciation and amortisation (EBITDA) of $2 million (up $7.1 million).

In Australia, a media-for-equity partnership with Seven West Media Ltd (ASX: SWM) enabled Airtasker to build a “trusted household brand name and scale network effects in Australia.”

Airtasker’s partnership with Channel 4 in the UK provides Airtasker with $6.7 million in advertising media power. In HY24, the business saw a 30% jump in posted tasks in the UK. I think there’s great potential for the ASX stock in the UK in the coming years.

It’s expecting its sales funnel and operating efficiency to improve and deliver further positive impacts as consumer demand returns to growth.

I think global expansion is promising for the company, particularly if it can identify other local media partnerships.

Step One Clothing Ltd (ASX: STP)

Step One describes itself as a leading direct-to-consumer online retailer for innerwear. The idea is that the products are high-quality, organically grown and certified and sustainably manufactured.

It has operations in Australia, the UK and the US, the recent growth has been impressive internationally. If it can continue to achieve double-digit growth, then the future looks very bright.

Total revenue rose 25.5% to $45 million, with 38% growth of UK revenue to $14.6 million and 256% growth of US revenue to $4.1 million. The gross profit margin improved from 80.7% to 81.2%.

Overall HY24 EBITDA grew 35.6% to $10.1 million and HY24 net profit after tax (NPAT) grew 34.7% to $7.1 million. It’s a great sign that profit rose faster than revenue.  

The company is looking to do a number of things, including growing the women’s line, expanding partnerships with retailers and organisations, expanding its distribution of the women’s lines to the UK and improving its products and services for customers.

The post 2 ASX stock picks with explosive potential appeared first on The Motley Fool Australia.

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More reading

• Where I’d invest $5,000 into ASX small-cap shares aiming for big growth

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 recommended Airtasker. 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 an income investor searching for some new portfolio additions, then it could be worth taking a look at the two ASX dividend stocks listed below.

They have been named as buys by analysts and tipped to provide very attractive dividend yields.

Here’s what you need to know about these income options in March:

Accent Group Ltd (ASX: AX1)

The first ASX dividend stock that could be a buy is Accent.

Bell Potter is feeling positive about the company. This is due to its strong market position and its “growth adjacencies via exclusive partnerships with globally winning brands such as Hoka and growing vertical brand strategy.”

The broker has a buy rating and $2.50 price target on its shares.

In respect to income, Bell Potter is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.92, this represents dividend yields of 6.8% and 7.6%, respectively.

ANZ Group Holdings Ltd (ASX: ANZ)

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

It was pleased to see that its proposed acquisition of Suncorp Bank is nearing completion. The broker believes the business will add scale to areas where the bank currently trails the rest of the big four.

In response, it reiterated its buy rating and $31.00 price target on ANZ’s shares.

As for dividends, Ord Minnett is forecasting fully franked dividends per share of $1.62 in FY 2024 and $1.65 per share in FY 2025. Based on the current ANZ share price of $29.02, this will mean dividend yields of 5.6% and 5.7%, respectively.

The post Buy these ASX dividend stocks with yields of 5% to 7.5% appeared first on The Motley Fool Australia.

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More reading

• How investing $100 per week can create $2,000 in annual ASX dividend income
• Is the blistering rally in ASX 200 bank shares overdone?
• Why Accent, Cettire, Dicker Data, and Iress shares are dropping today
• ANZ shares push higher amid asset sale and dividend bump hopes
• Why is the Accent share price sinking 6% today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent 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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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) carved out a small gain. The benchmark index rose 0.1% to 7,733.5 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks for a positive session on Thursday following a rebound on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 32 points or 0.4% higher this morning. In late trade on Wall Street, the Dow Jones is up 0.1%, the S&P 500 has risen 0.45%, and the Nasdaq is 0.6% higher.

Oil prices rise

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a good session after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price is up 1.55% to US$79.36 a barrel and the Brent crude oil price is up 1.4% to US$83.14 a barrel. Rising gasoline demand and rate cut hopes boosted prices.

Buy REA shares

Rea Group Ltd (ASX: REA) shares are a buy according to Goldman Sachs. This morning, the broker has retained its buy rating with a $201.00 price target. Commenting on Premiere Plus price increases, it said: “Overall these P+ price rises appear stronger than we (and consensus) had anticipated (GSe +8%, with depth/mix contributing to our +11% yield growth in FY25, VAe consensus yield growth implied +11%) supporting our FY25 EBITDA growth of +18%.”

Gold price rise

It could be another decent session for ASX 200 gold shares such as Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price rose again overnight. According to CNBC, the spot gold price is up 0.4% to US$2,150.8 an ounce. Rate cut bets are starting to gain ground.

BHP goes ex-dividend

The BHP Group Ltd (ASX: BHP) share price could trade lower today. That’s because the mining giant’s shares are scheduled to trade ex-dividend this morning for its next dividend. Eligible shareholders can now look forward to receiving its 110 cents per share interim dividend later this month on 28 March.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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More reading

• Would Warren Buffett buy ASX shares in a raging bull market?
• Here are the top 10 ASX 200 shares today
• How will today’s GDP numbers hit the ASX (and interest rates)?
• Is it too late to join the booming ASX gold rush?
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and REA Group. The Motley Fool Australia has recommended REA 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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CSL Ltd (ASX: CSL) will allocate the company’s latest dividend payout to its shareholders at the start of April.

Anyone interested in receiving this payment will need to be quick because before then, the huge ASX healthcare share needs to figure out who is entitled to receive the payment.

CSL ex-dividend date

The key date to know is the ex-dividend date. Investors will miss out if they don’t own shares by this date.

For CSL, the ex-dividend date is 11 March, which is on Monday. That means investors must own CSL shares by the end of trading tomorrow (Friday, 8 March) to be eligible to receive the dividend.

When will investors receive their dividends?

The company has advised it will pay the CSL dividend on 3 April 2024 – that’s less than a month away.

It’s going to pay an unfranked interim dividend per share of US$1.19. At the time of the FY24 first-half announcement, in Australian dollar terms this represented approximately A$1.81 per share (an increase of 12%). We’ll know the actual amount in Australian dollar terms on 14 March.

How much did CSL profit grow?

CSL reported good growth in the HY24 result with a number of its financial metrics. Revenue rose 11% in constant currency terms to $8.05 billion.

The net profit after tax (NPAT) rose 17% to $1.9 billion and the underlying net profit after tax (NPATA) rose 11% to $2.02 billion. These profit numbers pay for the CSL dividend.

For FY24, it’s expecting to report NPATA in the range of between $2.9 billion to $3 billion at constant currency, representing growth of between 13% to 17%.

The company also said it was “in a strong position to deliver annualised double-digit earnings growth over the medium-term”.

The post Want to grab the CSL dividend? There’s not much time left! appeared first on The Motley Fool Australia.

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More reading

• Morgans names the best ASX 200 stocks to buy in March
• Is this a new threat for CSL shares?
• Top ASX shares to buy in March 2024
• 3 no-brainer ASX shares to buy under $30
• Has the CSL share price got further to fall?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended 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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