If you're looking for dividend shares to buy, then Morgans has you covered.

Listed below are two ASX dividend shares to buy this month according to its analysts. Here's what they are saying:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans is a fan of this coal terminal operator and was very pleased with its recent FY 2022 results. The good news is that it is expecting the company to build on this in the coming years, allowing it to pay some big dividends. The broker commented:

It commented:

The FY22 result delivered the substantial earnings growth we were expecting following finalisation of Terminal Infrastructure Charge (TIC) negotiations in 2H22. DPS guidance had already been provided and was unchanged (albeit the growth outlook was not reaffirmed).

The broker currently has an add rating and $2.63 price target on the company's shares.

Its analysts are forecasting dividends per share of 21 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.52, this will mean yields of 8.3% and 8.7%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share that Morgans has named as a buy is youth fashion retailer Universal Store.

The broker was also impressed with its recent results, noting that "1H23 sales rose 35% to $146m, 5% above our estimate." Pleasingly, Morgans is confident that there's more solid growth to come thanks to its exposure to younger consumers. It said:

The early performance in 2H23 suggests the customer continues to spend. The cost of living pressures expected to weigh on discretionary expenditure in Australia in the months ahead certainly apply to UNI's youthful customer base, although they are likely to be more resilient than other demographics given they are less likely to have a mortgage to service.

Morgans has an add rating and $7.00 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 30 cents in FY 2023 and 35 cents in FY 2024. Based on the current Universal Store share price of $5.59, this will mean yields of 5.4% and 6.25%, respectively.

The post Morgans names 2 ASX dividend shares to buy with big yields appeared first on The Motley Fool Australia.

With financial announcements largely finishing up this week, it's the last chance for investors to pick up ASX shares with a bright outlook based on those numbers.

Morgans analyst Andrew Tang, who has been keeping an eye on all the action, named his last set of stocks to buy for the February reporting season:

Back in 2021 no one thought coal would become the new black

When Dalrymple Bay Infrastructure Ltd (ASX: DBI) listed on the ASX in December 2020, more than one pundit questioned how it would survive as a public company.

After all, it is the owner and operator of a coal export terminal.

But no one saw what was coming next — an energy crisis in 2022 sending any stock related to coal production soaring.

Now Dalrymple Bay shareholders are laughing, with the share price up in excess of 18.5% since the first day on the ASX, all while delivering an 8% dividend yield.

"The FY22 result delivered the substantial earnings growth we were expecting following finalisation of terminal infrastructure charge (TIC) negotiations in 2H22," Tang said on the Morgans blog. 

"Dividend per share guidance had already been provided and was unchanged (albeit the growth outlook was not reaffirmed)."

The stock is a buy for Morgans, especially considering a "forward cash yield of mid-8% and circa 6% price growth potential".

Reporting season 'easily beat our expectations'

On the same theme, coal explorer and producer Stanmore Resources Ltd (ASX: SMR) is also a buy for Tang's team, based on a sensational report to the market.

"Key CY22 financials easily beat our expectations on higher PCI [pulverised coal injection] price realisations," said Tang.

"We now forecast Stanmore to reach a net cash position during 1H23."

The Stanmore share price has more than tripled over the past 12 months, but incredibly still represents excellent value for those willing to buy now.

"Stanmore looks too cheap trading on a +25% free cash flow yield, with +30% capital upside and upside to tight/buoyant hard coking coal pricing," said Tang.

"Stanmore enjoys clear M&A advantages in the Bowen Basin and we think positioning for possible acquisitions will far out-rank dividends through 2023."

'Growing profits gets much easier from here'

Captioning technology and services provider Ai-Media Technologies Ltd (ASX: AIM) has been on a hiding to nothing the last few years.

The stock price has sunk more than 73% over the past five years. Over the past 12 months, it has seen a 40.7% decline.

However, Tang feels like it has turned a corner after seeing its software-as-a-service (SaaS) arm contribute more than 50% of the total profit growth.

"Since it's nearly double the margin of legacy and growing much faster, this means Ai-Media has cleared the critical [inflection] point in its transition to a SaaS business," he said.

"Growing profits gets much easier from here."

The business' gross profit grew both on a year-on-year basis and half-on-half.

"The company booked revenue of $29.7 million for the year, in line with our $29.5 million forecast and 8% below consensus expectations."

13.8% dividend yield? Yes, please

Kina Securities Ltd (ASX: KSL) is not a name often heard when financial stocks are discussed.

The Papua New Guinean bank incredibly pays out a 13.8% dividend yield.

Tang said its February report was "broadly solid", with a lid kept on bad debts and "an impressive ~18% FY22 return on investment".

"Kina Securities' FY22 Underlying net profit after tax (PGK106 million) was +10% on the prior comparable period and in-line with Morgans' expectations."

One headwind that the bank faces is "the lingering Papua New Guinea corporate tax issue".

But the stock is still an add for Morgans analysts, with the low share price seemingly pricing in headwinds.

"Kina Securities continues to deliver solid underlying profit growth, and trading on ~6x FY23F earnings and a >10% dividend yield, we see the stock as too cheap."

The post 4 ASX shares to stock up on after a bright reporting season: Morgans appeared first on The Motley Fool Australia.

Two that have been tipped as buys by analysts at Morgans are listed below. Here's what the broker is saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

This Australian infrastructure company is the long term operator of the Dalrymple Bay Coal Terminal (DBCT), which provides terminal infrastructure and services for producers and consumers of Australian coal.

Morgans appears to believe it is well-placed to pay bumper dividends in the near term thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region. It said:

DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. Following the successful outcome to its customer tariff negotiations, DBI should be able to deliver resilient, inflation-linked, and very high margin revenues and has provided distribution guidance that implies c.8% cash yield growing at 3-7% pa.

As for dividends, its analysts are forecasting dividends per share of ~21 cents in FY 2023 and FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.48, this will mean yields of 8.5%.

Morgans has an add rating and $2.67 price target on its shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share that has been named as a buy by Morgans is telco giant Telstra.

The broker likes the company due to its successful turnaround via the T22 strategy, its new growth strategy, the recently approved restructure, and positive industry conditions. In respect to the latter, it noted:

Telco has the strongest tailwinds in a decade with an increasingly rational market, price rises across the majors and the criticality of telco increasingly recognised.

In respect to dividends, the broker is expecting Telstra to continue to pay fully franked 17 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.16 this equates to yields of 4.1%.

Morgans has as an add rating and $4.70 price target on the company's shares.

The post Morgans names the ASX dividend shares to buy appeared first on The Motley Fool Australia.

Both of these dividend shares have been tipped to provide big dividend yields and climb meaningfully higher from current levels. Here's what you need to know about these high yield shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that could be a top option is Adairs. It is the leading furniture and homewares retailer behind the eponymous Adairs brand, as well as the Focus on Furniture and Mocka brands.

Earlier this week, Adairs released its half-year results and reported a 34.1% increase in sales to a record of $324.2 million and a 23.9% jump in net profit after tax to $21.8 million.

And while trading conditions are expected to be tougher in the second half and FY 2024, UBS believes it is worth sticking with the company.

In response to its results, UBS put a buy rating and $2.95 price target on the company's shares.

As for dividends, the broker is forecasting fully franked dividends per share of 16 cents per share in FY 2023 and FY 2024. Based on the current Adairs share price of $2.24, this will mean yields of 7.1%.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Another ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.

Morgans is a fan of the company and believes it is well-placed to pay big dividends in the near term. This is thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within the Bowen Basin catchment region.

The broker currently has an add rating and $2.67 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.45, this will mean massive yields of 8.6%.

The post Supercharge your passive income with these ASX shares: experts appeared first on The Motley Fool Australia.

Two that are rated as buys and tipped to offer big dividend yields are listed below. Here's what you need to know about these shares:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.

Dalrymple Bay Infrastructure has been tipped to pay bumper dividends in the near term thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.

Morgans is a fan and has an add rating and $2.67 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.52, this will mean yields of 8.3%.

South32 Ltd (ASX: S32)

Another ASX dividend share that has been named as a buy is South32.

It is one of Australia's largest miners with exposure to a range of commodities including aluminium, copper, manganese, and nickel.

Citi is positive on South32 and has a buy rating and $5.00 price target on the mining giant's shares.

The broker recently boosted its earnings estimates to reflects "Citi's commodity team raising near term Cu/Al/Zn/HCC pricing."

Its analysts expect this to underpin fully franked dividends per share of 27 cents in FY 2023 and 32 cents in FY 2024. Based on the current South32 share price of $4.58, this will mean yields of 5.9% and 7%, respectively.

The post Big yields are coming for these ASX dividend share: experts appeared first on The Motley Fool Australia.

If ASX dividend shares are what you're looking for, then you may want to check out the two listed below.

Here's what its analysts are saying about these dividend shares:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans has this coal terminal operator on its best ideas list and has an add rating and $2.67 price target on its shares. It believes its strong market position will allow the company to pay some big dividends in the near term.

For example, in FY 2023, the broker is forecasting a 21 cents per share dividend. This represents a sizeable 8.4% dividend yield at current levels. The broker commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. Following the successful outcome to its customer tariff negotiations, DBI should be able to deliver resilient, inflation-linked, and very high margin revenues and has provided distribution guidance that implies c.8% cash yield growing at 3-7% pa.

Santos Ltd (ASX: STO)

Another ASX dividend share to buy according to Morgans is Santos. It believes the energy producer is well-placed thanks to its diversified earnings and resilient growth profile. The broker has an add rating and $8.75 price target.

As for dividends, it is expecting Santos to reward its shareholders with a 40.4 cents per share dividend in FY 2023. This equates to a 5.8% dividend yield for investors. Morgans said:

The resilience of STO's growth profile and diversified earnings base see it well placed to outperform against the backdrop of a broader sector recovery. While pre-FEED, we see Dorado as likely to provide attractive growth for STO, while its recent acquisition increasing its stake in Darwin LNG has increased our confidence in Barossa's development. PNG growth meanwhile remains a riskier proposition, with the government adamant it will keep a larger share of economic rents while operator Exxon has significantly deferred growth plans across its global portfolio.

The post Morgans names 2 high yield ASX dividend shares to buy this month appeared first on The Motley Fool Australia.

Two that have been tipped as buys are listed below. Here's what analysts are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

This Australian infrastructure company is the long term operator of the Dalrymple Bay Coal Terminal (DBCT), which provides terminal infrastructure and services for producers and consumers of Australian coal.

It appears well-placed to pay bumper dividends in the near term thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.

Morgans is a fan and has an add rating and $2.67 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of ~21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.45, this will mean yields of 8.6%.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that could be in the buy zone is Rural Funds.

It is a property company that owns a portfolio of assets across a number of agricultural industries such as orchards, vineyards, water entitlements, cropping, and cattle farms.

As these are leased to major industry players on long term agreements with periodic rental increases built in, Rural Funds appears well-placed to grow its earnings and dividends each year.

Bell Potter is a fan of the company and has a $2.75 price target on its shares.

In respect to dividends, it is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.7 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.40, this represents yields of 4.9% and 5.3%, respectively.

The post Boost your passive income with these ASX dividend shares: brokers appeared first on The Motley Fool Australia.

Here's what you need to know about these buy-rated ASX dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share for income investors to look at is footwear and youth fashion retailer Accent.

It owns a growing stable of brands including HypeDC, Platypus, Stylerunner, The Athlete's Foot, and Glue Store.

The team at Bell Potter is positive on the retailer and has put a buy rating and $2.10 price target on its shares. Its analysts were pleased with a recent update, commenting:

Accent Group (AX1) provided a trading update for the first 18 weeks of FY23, Group owned sales +52% on pcp and Gross margins +570bps vs down 700bps in the pcp. We see this as a solid start and expect AX1 to be well positioned as tougher comps are faced in Nov/Dec. We view the performance into the key seasonal period to be supported by the company's healthy inventory position as per company's commentary.

In respect to dividends, Bell Potter is expecting fully franked dividends of 10 cents per share in FY 2023 and then 12 cents per share in FY 2024. Based on the current Accent share price of $1.79, this would mean yields of 5.6% and 6.7%, respectively,

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Another ASX dividend share to look at is Dalrymple Bay Infrastructure. It is an Australian infrastructure company and the long term operator (99-year lease) of the Dalrymple Bay Coal Terminal (DBCT), which provides terminal infrastructure and services for producers and consumers of Australian coal.

Given the very favourable outlook for Australian coal, Dalrymple Bay Infrastructure appears well-placed to deliver strong earnings in the near term. This is expected to lead to some bumper dividend payments in the coming years.

Morgans is a fan and has an add rating and $2.67 price target on its shares. It recently commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI's high cash yield and commitment to 1-2% [now 3% to 7%] pa DPS growth.

As for dividends, its analysts are forecasting dividends per share of ~21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.40, this will mean yields of 8.75%.

The post Need a passive income boost? Experts say these ASX dividend shares are buys appeared first on The Motley Fool Australia.

Listed below are two of the best ASX dividend shares to buy this month according to its analysts. Here's what they are saying:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans is a fan of this coal terminal operator and is expecting some big dividend yields from its shares in the coming years. The broker currently has an add rating and $2.67 price target on the company's shares.

It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI's high cash yield and commitment to 1-2% [now 3% to 7%] pa DPS growth.

Its analysts are forecasting dividends per share of ~20 cents in FY 2022 and ~21 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.48, this will mean yields of 8% and 8.5%, respectively.

Macquarie Group Ltd (ASX: MQG)

Morgans thinks that this investment bank could be a top option for income investors. It currently has an add rating and $214.30 price target on its shares.

The broker likes Macquarie due to its exposure to long term structural growth markets. It commented:

We continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.

In respect to dividends, the broker is expecting partially franked dividends of $7.05 per share in FY 2023 and $7.36 per share in FY 2024. Based on the current Macquarie share price of $170.37, this implies yields of 4.1% and 4.3%, respectively.

The post Top broker names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

These ASX dividend shares are ones that Morgans rates among the best on the market this month. Here's what the broker is saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share to look at is this coal terminal operator.

Morgans is very positive on the company and is expecting big dividend yields in the coming years. It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI's high cash yield and commitment to 1-2% [now 3% to 7%] pa DPS growth

As for dividends, Morgans is forecasting dividends per share of 21 cents in FY 2022 and 21.5 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.49, this will mean yields of 8.4% and 8.6%, respectively.

The broker currently has an add rating and $2.67 price target on the company's shares.

Jumbo Interactive Ltd (ASX: JIN)

Another ASX dividend share that Morgans rates as a buy is Jumbo Interactive. It is the company behind the OzLotteries website/app and the Powered by Jumbo software-as-a-service (SaaS) platform.

Morgans is positive on the company's outlook. In fact, it is forecasting an earnings per share compound annual growth rate of 20.8% over the next two years. It said:

We believe JIN offers excellent strategic growth opportunities, both in Australia and overseas, supported by a steadily expanding domestic market for digital lottery retailing. The business is cash generative and has a low requirement for ongoing capex. Lottery sales are resilient to economic cyclicality. They do not represent a large proportion of the personal budgets, hovering around 0.5% of household discretionary income in Australia.

In respect to dividends, the broker is forecasting fully franked dividends per share of 47 cents in FY 2023 and 57 cents in FY 2024. Based on the latest Jumbo share price of $12.75, this will mean yields of 3.7% and 4.5%, respectively.

Morgans has an add rating and $17.50 price target on the company's shares

The post Morgans names 2 of the best ASX dividend shares to buy now appeared first on The Motley Fool Australia.

It's another day in the green for the All Ordinaries Index (ASX: XAO). These three All Ords shares are helping to drive it higher, reaching their highest point in years.

The benchmark index is up 0.43% right now at 7,006 points.

So, which ASX All Ords shares are posting multi-year highs on Wednesday? Keep reading to find out.

3 ASX All Ords shares hitting multi-year highs

First off the rank is the share price of All Ords travel favourite Qantas Airways Limited (ASX: QAN).

It took off earlier today, gliding 3% to peak at $6.075. That's the highest it's soared since the COVID-19 pandemic took hold of Australia in March 2020.

It was just last week the iconic airline told the market it's expecting to return to underlying pre-tax profit in the first half of financial year 2023, providing guidance of between $1.2 billion and $1.3 billion.

Joining the airline in posting a multi-year high on Wednesday is the far smaller All Ords share, New Energy Solar Ltd (ASX: NEW). It shot upward to reach 99 cents today – marking a 0.5% gain and its highest point since August 2020.

The US$244.5 million sale of the solar investment company's US assets is set to finalise this month.

Shareholders were expecting to receive 82 cents per share as part of a capital return shortly after the sale finalises. Though, that's dependent on exchange rates at the time of completion.

New Energy Solar investors can also expect another return worth between 13 cents and 16 cents per share on the winding up of the company, expected before the end of next year.

The final ASX All Ords share posting a multi-year high today is Dalrymple Bay Infrastructure Ltd (ASX: DBI). The stock hit a high of $2.58 this morning, marking a 4% gain and a new all-time high.

The coal terminal operator's stock has gained 17% since it lifted its distribution guidance earlier this month.

The post 3 ASX All Ords shares smashing multi-year highs today appeared first on The Motley Fool Australia.

Three ASX shares brokers have named as buys this week are listed below. Here's why they are bullish on them:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Bell Potter, its analysts have retained their buy rating and $6.60 price target on this infant formula company's shares. Bell Potter has been looking at industry data and believes it supports its positive view on the company. The broker also highlights that weakness in the New Zealand dollar is creating a tailwind given the majority of sales occur in AUD, USD and CNY. The A2 Milk share price is trading at $5.45 this afternoon.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

A note out of Morgans reveals that its analysts have retained their add rating on this coal export terminal operator's shares to $2.67. This follows news that the company has agreed a new Terminal Infrastructure Charge (TIC) with its customers. The new TIC is notably higher than previous levels, which has led to Morgans boosting its earnings and dividend estimates materially. The Dalrymple Bay Infrastructure share price is fetching $2.32 on Wednesday.

Rio Tinto Limited (ASX: RIO)

Analysts at Citi have retained their buy rating but trimmed their price target on this mining giant's shares to $115.00. Although the broker sees near term headwinds for metals demand, it remains positive on Rio Tinto. Particularly given its belief that metals demand and pricing will rebound during the second half of 2023. The Rio Tinto share price is trading at $94.80 on Wednesday afternoon.

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

In fact, these All Ords shares have managed to climb to 52-week highs or better today. Here's what you need to know:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price jumped to a 52-week high of $2.39 on Tuesday.

Investors were buying the coal export terminal operator's shares after it released an update on pricing and commercial terms for all existing customers for a ten-year term.

According to the release, in the near term, Dalrymple Bay Infrastructure will receive a terminal infrastructure charge of $3.02 per tonne in 2021-22 and $3.18 per tonne in 2022-23. This represents a 23% and 29% increase, respectively.

Looking ahead, the terminal infrastructure charge will be escalated annually for inflation, with the new pricing and commercial terms applying from 1 July 2021 to 30 June 2031 under revised agreements with each existing user.

In light of this, the company has lifted its distribution guidance to 20.1 cents per share for the 12 months ending 30 June 2023. After which, it will target 3% to 7% growth per annum for the foreseeable future. This is up from its previous target of 1% to 2% growth.

IGO Ltd (ASX: IGO)

The IGO share price actually went one better and climbed to a new all-time high of $15.68 on Tuesday. This means the battery materials miner's shares have now risen approximately 32% in 2022.

Today's gain was achieved despite there being no news out of the company and the All Ords dropping into the red. Though, it is worth noting that a number of battery materials shares pushed higher today along with the IGO share price.

The good news for investors is that it may not be too late to join the IGO party. Last month, Macquarie put an outperform rating and $21.00 price target on the company's shares.

The post 2 ASX All Ords shares smashing new 52-week highs today appeared first on The Motley Fool Australia.

Listed below are two ASX dividend shares that analysts at Morgans rate as buys. Here's what they are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans is feeling very positive about this coal terminal operator. It is expecting a big dividend yield in FY 2022 with modest growth in the years that follow.

The broker currently has an add rating and $2.32 price target on the company's shares. It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI's high cash yield and commitment to 1-2% pa DPS growth

Morgans is forecasting dividends per share of 18.3 cents in FY 2022 and 18.5 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.15, this will mean yields of 8.5% and 8.6%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that has been tipped as a buy by analysts at Morgans is Dexus Industria. It is a property company with a focus on industrial and logistic assets.

Morgans currently has an add rating and $3.25 price target on its shares. The broker explained:

DXI's portfolio is valued at $1.76bn and is weighted 79% towards industrial and logistics assets. The weighted average cap rate is 5.1%; WALE 5.9 years; and occupancy 97%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium-term growth opportunities via the development pipeline.

Its analysts are forecasting dividends of 16.4 cents per share in FY 2023 and 16.9 cents per share in FY 2024. Based on the current Dexus Industria share price of $2.66, this will mean yields of 6.2% and 6.35%, respectively, for income investors.

The post Broker names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

There's been a flurry of activity to start the week as ASX reporting season nears the final bend.

In late afternoon trade, the S&P/ASX 300 Index (ASX: XKO) is tumbling by 1.9%.

Today has seen some big-name reports from the likes of Fortescue Metals Group Limited (ASX: FMG) and A2 Milk Company Ltd (ASX: A2M).

Amidst all of the news, let's check out reports from three ASX 300 shares that are flying under the radar today.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay share price is brushing off the negative market sentiment to edge higher today.

At the time of writing, Dalrymple Bay shares have inched 0.5% higher to $2.15 as investors appear satisfied with the company's first-half FY22 results.

The company holds a 99-year lease of the Dalrymple Bay Terminal (DBT), the world's largest metallurgical coal export facility.

For the first half of FY22, the company generated total revenue of $255.7 million, up 7% from the prior corresponding period (pcp) of 1H21.

Net profit after tax (NPAT) came in at $6.6 million, with comparisons from the pcp muddied due to a reversal of IPO transaction costs in the prior year.

Dalrymple Bay declared a second-quarter distribution of 4.5675 cents per security, taking first-half distributions to 9.135 cents. 

Total FY22 distribution guidance remains at 18.27 cents. This puts Dalrymple Bay shares on a forward dividend yield of 8.5%.

29Metals Ltd (ASX: 29M)

The 29Metals share price is performing roughly in line with the ASX 300 today. 29Metals shares have retreated 1.9% at the time of writing to $2.02.

The copper-focused ASX miner handed in its first-half FY22 results this morning, headlined by a 23% jump in revenue to $356 million.

This top-line growth was driven by higher copper and zinc production along with favourable Australian dollar commodity prices. Partially offsetting this was softer gold production and higher treatment and refinement charges.

In the first half, 29Metals delivered copper equivalent production of 34 kilotonnes (kt), up 14% compared to pro-forma 1H21 results.

The company recorded a big improvement in operating cash flow, which came in at $109 million.

This helped the company to strengthen its balance sheet position, ending the period with net cash of $16 million.

29Metals also announced a maiden dividend, declaring a fully franked interim dividend of 2 cents per share.

InvoCare Limited (ASX: IVC)

Funeral home operator InvoCare is another ASX 300 share that reported half-year results today.

At the time of writing, the InvoCare share price is slightly outperforming the ASX 300 index, falling 1.4% to $11.

In the first half of FY22, InvoCare generated 9% top-line growth as revenue hit $285 million. The company also delivered record operating earnings, which lifted by 10% to come in at $44 million.

These results were achieved against a backdrop of ongoing COVID impacts, a spike in 'excess deaths', unusually inclement weather, and an inflationary economic environment.

On the back of the record profit result, InvoCare cranked up its interim dividend by 42%. It declared a fully franked interim dividend of 13.5 cents, putting shares on a trailing dividend yield of 2.3%.

The post 3 ASX 300 company earnings results you might have missed appeared first on The Motley Fool Australia.

One fund manager has picked out an S&P/ASX 300 Index (ASX: XKO) share that could be a prime takeover target.

Fundies are always looking for opportunities. For most investment picks, investors are looking for ASX shares that could rise in value and/or pay attractive income to shareholders.

However, the smaller we look down the market capitalisation list, the easier it could be for an external party to buy the whole business.

For example, Sydney Airport was recently taken off the ASX boards in a multibillion-dollar takeover. Big deals can happen.

There have been plenty of other takeovers over the years, including MYOB, Australian Pharmaceutical Industries (API) and Crown.

It's hard to say for sure if a business is going to become a takeover target, but if it has attractive assets which are not valued highly by the market, or has an attractive earnings profile, then other businesses, superannuation funds or private equity could want to buy that company.

Which ASX 300 share could be a takeover target?

The fund manager Tim Canham from investment outfit First Sentier has named a potential takeover target.

Talking to the Australian Financial Review, Canham was asked if he thinks there are any ASX small cap shares that make appealing takeover targets.

The fund manager named Dalrymple Bay Infrastructure Ltd (ASX: DBI) as that potential opportunity.   

What does it do?

The ASX 300 share describes itself as a "foundation asset". The Dalrymple Bay Terminal (DBT) aims to provide "safe and efficient" port infrastructure and services for producers and consumers of "high-quality Australian coal exports".

DBT is supposedly the world's largest metallurgical coal export facility. It serves as the "global gateway" from the Bowen Basin in Queensland, and the business states it's a "critical link" in the global steelmaking supply chain.

There are options for capacity expansions to meet "expected strong export demand".

For shareholders, DBI wants to provide distributions, capital growth, and it will continue to invest.

Why could it be a takeover target?

Canham said, according to the AFR:

We have seen most quality infrastructure stocks picked up by private capital and what I would call "patient capital". On an attractive yield and with take-or-pay revenues, it looks very defensive in this market environment. The potential for an uplift in its user charges also remains.

According to Morgans, Dalrymple Bay Infrastructure is going to pay a dividend yield of 8.9%.

Share price snapshot

The Dalrymple Bay Infrastructure share price is up around 2% since the start of 2022 and 5% over the past month. However, it is down 5% over the past year.

It closed flat on Thursday at $2.07, giving the ASX 300 share a market cap of $1.02 billion.

The post Fundie reveals under-the-radar ASX 300 share ripe for takeover appeared first on The Motley Fool Australia.

October was a tough month for some of the biggest shares in the ASX transport sector. Fortunately, that allowed some of the market's smaller transport companies to shine.

The ASX transport shares that outperformed their peers over the month of October probably aren't those you're thinking of.

5 top performing ASX transport shares in October

A quick note before we start; this list only contains shares with market capitalisations of more than $100 million.

Regional Express Holdings Ltd (ASX: REX)

The REX share price outperformed its transport peers during the month of October, potentially on the back of optimism surrounding Australia's domestic borders.

Over the month just been, the company's business looked towards a brighter future without lockdowns and travel restrictions.

In fact, on 18 October, REX announced it plans to resume offering domestic flights from the middle of November.

The REX share price gained 5.33% over the course of October, finishing the month trading at $1.58.

Lindsay Australia Limited (ASX: LAU)

October was also a great month for the Lindsay Australia share price.

The integrated transport, logistics, and rural supply company's stock gained 5.26% over the course of last month. It finished October trading at 39.5 cents.

The only price-sensitive news released by Lindsay last month was its annual investor presentation which, once again, detailed a strong financial year 2021.

K&S Corporation Ltd (ASX: KSC)

Another transportation and logistics company to make this list is K&S Corporation.

The K&S Corporation share price bested many other ASX transport companies in October. It gained 4.12% to end the month at $1.77.

The company's gains came despite it maintaining its silence throughout the period.

Silk Logistics Holdings Ltd (ASX: SLH)

While October was a struggle for many ASX transport shares, one of the exchange's new faces managed to end the month in the green.

The Silk Logistics share price gained 2.22% over the course of last month, finishing it at $2.30.

The 'port-to-door' technology-focused logistics company debuted on the ASX in July. Under its prospectus, shares in the company were offered at $2 apiece.

That meant investors who got in on the company before its initial public offering (IPO) could boast a 15% gain on their investment at the end of October.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Finally, the fifth best performing ASX transport share for the month of October was none other than Dalrymple Bay Infrastructure.

Over the course of last month, the Dalrymple Bay Infrastructure share price gained 1.33% to end the month trading at $2.28

While there was no news from the coal transportation company in October, it did continue its ongoing on-market buy back.

The post Which ASX transport shares were the best performers during October? appeared first on The Motley Fool Australia.

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

Bubs Australia Ltd (ASX: BUB)

The Bubs share price is down 6% to 54.5 cents. Investors have been selling this infant formula company's shares despite it announcing a key appointment in China. A few investors may be taking profit off the table after some very strong gains in recent weeks.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is down 1% to $2.22. This morning the infrastructure company announced a A$514 million private US placement. According to the release, Dalrymple Bay is raising the funds via fixed rate senior secured notes. The notes will be issued in three tranches of approximately A$185 million, A$215 million and A$114 million, with tenors of 10, 12 and 15 years, respectively.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price has continued its slide and is down a further 1% to $4.45. Investors have been selling this insurance giant's shares since it downgraded its margin guidance for FY 2022 following a surge in claims. This was driven by recent severe storm across parts of Australia.

Redbubble Ltd (ASX: RBL)

The Redbubble share price is down 4.5% to $3.70. This is despite there being no news out of the ecommerce company. However, it is worth noting that short sellers have been targeting Redbubble. So much so, it is now one of the most shorted shares on the Australian share market. At the last count, over 10% of Redbubble's shares were in the hands of short sellers.

The post Why Bubs, Dalrymple Bay, IAG, and Redbubble shares are dropping appeared first on The Motley Fool Australia.

The market looks caught in a fairly tight trading band since April as bulls and bears look to see who blinks first.

In this climate, a good way to pick ASX shares to buy is to target those with positive near-term catalysts, according to Morgans.

The broker's advise comes as the S&P/ASX 200 Index (Index:^AXJO) bounces between both sides of breakeven today. The index has traded in a less than 200-point band in the past seven weeks.

Target ASX shares with near-term catalysts

Investors are torn between the strong earnings outlook for ASX shares and fears that share prices are primed for a big pullback.

As I reported last week, Morgans believes you should ignore the jitters and use any market weakness as a buying opportunity.

The broker highlighted some ASX 200 shares to buy as it expects them to release positive news in the near-term.

It expects that these good updates will propel their share prices even in the face of a broader market sell-off.

ASX small cap shares that could outperform in the near-term

But there are a number of little known ASX shares that many have overlooked that are also in this basket.

The first is the Kina Securities Ltd (ASX: KSL) share price. The small cap Papua New Guinea broker has around a 60% upside to Morgans' share price target and you may not have to wait long for the Kina Securities share price to surge towards fair value.

"We expect closure of the WBC Asia Pacific acquisition in September to be a material catalyst, forcing the market to reconsider strong earnings growth into FY22," said Morgans.

Dividend restart to light this ASX small cap

Another lesser followed ASX share is the Dalrymple Bay Infrastructure Ltd (ASX: DBI) share price.

Morgans reckons there is a close to 20% upside for the coal export port operator, although ESG conscious investors may shun shares with the "C" word.

But the broker believes that any news of the company restarting its quarterly dividends could light a fire under the Dalrymple Bay share price. This could come as June.

Looking for the X-factor

Those looking for more bang for their buck may want to consider the Micro-X Ltd (ASX: MX1) share price.

The X-ray technology developer that's used for security and medical screening could see its share price surge in the coming weeks or months.

Morgans expects Micro-X to announce that it has secured European regulatory approval for its technology in the current quarter. There is a close to 80% upside for the Micro-X share price to the broker's price target.

The post Morgans picks small cap ASX shares with near-term share price catalysts appeared first on The Motley Fool Australia.

There are a few compelling ASX dividend shares that have bene rated as buys by brokers.

Brokers are constantly on the lookout for opportunities and there are a few dividend shares with high yields that have been picked as buys.

These two businesses are two of the most-liked ASX dividend shares right now:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Dalrymple Bay Infrastructure, which owns the Dalrymple Bay Terminal, provides its customers with safe and efficient port infrastructure and services. It owns the world's largest metallurgical coal export facility and it serves as a global gateway from the Bowen Basin and it's an important link for the global steelmaking supply chain.

It's rated as a buy by at least three brokers, including Morgans. The broker's price target on Dalrymple Bay Infrastructure is $2.57.

Morgans expects the infrastructure business to pay a distribution of $0.18 per share in FY21. At the current Dalrymple Bay Infrastructure share price, it has a forward yield of 7.9%.

The broker thinks that the ASX dividend share's earnings can grow as it raises its charges for customers.

Anthony Timbrell, managing director and CEO of Dalrymple Bay Infrastructure recently said:

As the world's largest metallurgical coal export facility, DBI is ideally placed to leverage the strong outlook for global steelmaking as we are fully contracted on a 100% take-or-pay basis until June 2028. This also means we are not exposed to daily volume or commodity price volatility.

DBI forecast funds from operations (FFO), underpinned by cash flow stability and an investment grade balance sheet, should support a sustainable distribution going forward. The company remains on track to pay $45 million in distributions for the six months ended 30 June 2021.

Australian Finance Group Ltd (ASX: AFG)

Australian Finance Group is one of the largest mortgage broking businesses on the ASX.

It has been operating for 26 years, with around 3,000 brokers, more than 200 staff and it works with over 70 lenders.

The broker Macquarie Group Ltd (ASX: MQG) is one of several that rate this ASX dividend share as a buy. It has a price target on the company of $3.06.

Looking at the FY21 expectations, the Australian Finance Group share price is valued at 15x FY21's estimated earnings with a grossed-up dividend yield of 6.4%.

The mortgage broker is seeing a lot of demand for its services as the housing market booms. Australian Finance Group's net interest margin (NIM) is increasing too.

In the FY21 half-year result its residential trail book increased by 5% to $160 billion. Underlying cash profit increased by 41% to $24.88 million, whilst earnings per share (EPS) grew 9% to 9.2 cents.

Management said the business was heading into the second half of FY21 with a strong balance sheet, no debt, a solid pipeline of lodgements and good cashflow.

The post 2 great ASX dividend shares rated as buys by brokers appeared first on The Motley Fool Australia.