Are you wanting for a passive income boost? If you are, then you may want to look at the quality ASX 200 dividend shares listed below.

Here's why these dividend shares could be top options this year:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share for income investors to look at buying is Deterra Royalties.

Although found in the mining sector, it isn't actually a miner. Instead, it is the owner of a portfolio of royalty assets across a range of commodities.

One of the key assets in the company's portfolio is the Mining Area C (MAC) iron ore operation. It is part of Western Australia Iron Ore (WAIO) and operated by mining giant BHP Group Ltd (ASX: BHP).

The team at Citi is positive on the company and has a buy rating and $5.10 price target on its shares.

As for dividends, Citi is forecasting fully franked dividends per share of 30 cents in FY 2023 and FY 2024. Based on the current Deterra Royalties share price of $4.84, this will mean yields of 6.2% for both years.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend share for income investors to consider is NAB.

It is of course one of Australia's big four banks, with a particularly strong presence in commercial lending

Goldman Sachs is a fan of the bank. Its analysts like NAB due to its aforementioned exposure to commercial lending, which they expect to perform better than home lending in the current environment.

The broker also believes the work NAB has done on productivity and cost management leaves it well positioned for an environment of elevated inflationary pressure.

In respect to dividends, Goldman Sachs is expecting NAB to pay fully franked dividends of $1.73 per share in FY 2023 and $1.78 per share in FY 2024. Based on the current NAB share price of $31.61, this means yields of 5.5% and 5.6%, respectively.

Goldman has a buy rating and $35.60 price target on its shares.

The post Buy NAB and this ASX 200 dividend share for passive income: brokers appeared first on The Motley Fool Australia.

S&P/ASX 200 Index (ASX: XJO) shares can be quality businesses that are trading at a good discount. The investment team at the Contact Australia Ex-50 fund have outlined three businesses that look unmissable.

The Contact fund managers believe that investor sentiment domestically remains "too negative". They noted that economic uncertainty is not new – there's "always something to worry about and the bear case is often easier to believe."

Higher interest rates are creating "headwinds" for valuations and consumer sentiment, but Contact also pointed to several positive signals including:

• Unemployment at record lows, a "critically important metric"
• Earnings expectations have "moderated significantly", particularly in consumer-facing industries where consensus forecasts now expect a significant reduction in year over year growth
• Cash positions remain above average for a lot of investors, which would help in a market decline

The fund manager thinks that investing in quality businesses for the long term will continue to do well. Contact believes that market multiples are not "excessive by historical standards", particularly in the S&P/ASX Small Ordinaries Index (ASX: XSO) which suffered in 2022.

With that in mind, there were three ASX 200 shares that it pointed to in its latest monthly update.

Ampol Ltd (ASX: ALD)

Ampol describes itself as the nation's leader in transport fuels. It was previously called Caltex Australia. It supplies the country's largest branded petrol and convenience network (with 1,900 branded sites, including around 690 company-operated retail sites), as well as refining, importing and marketing fuels and lubricants. Across its retail network, it serves approximately 3 million customers each week.

It also has a growing presence in New Zealand as the owner of Z Energy Limited. It sells approximately 40% of all fuel volumes across the country. Ampol also owns a 20% equity stake in Seaoil, a fuel company in the Philippines.

Contact said that Ampol recently reported a "solid" quarterly update, which highlighted the "continued improvement in retail shop and fuels profitability". It continues to generate "sound refining margins" as well.

The fund manager said that Ampol is trading on a single-digit price/earnings (P/E) ratio multiple and a fairly high dividend yield. The investment team believe it's "attractively priced".

Deterra Royalties Ltd (ASX: DRR)

Deterra owns royalties, with its key exposure being to iron ore which relies on the BHP Group Ltd (ASX: BHP) mining area C (MAC) royalty. Deterra receives an ongoing royalty of 1.232% of Australian free on board (FOB) revenue from the MAC royalty. Plus, it receives extra revenue for increased annual mine production above a certain level.

Contact said that the ASX 200 share is benefiting from strong iron ore prices, despite the production of mining area C being marginally below expectations.

The fund manager pointed out that Deterra generates "outstanding" returns on capital and offers a "compelling income stream"

TPG Telecom Ltd (ASX: TPG)

TPG is a telco that owns a number of brands including TPG, Vodafone Australia and iiNet.

Contact pointed out that Vodafone Australia announced price increases for its mobile plans.

The fund manager noted that the ASX 200 share's lowest-priced plan had increased by 13% to $45 per month with no additional data.

The investment team also said that the mobile market is now "more rational and operators are delivering average revenue per user (ARPU)". Contact said this bodes well for earnings stability.

The post 3 ASX 200 shares that this fund manager loves at these prices appeared first on The Motley Fool Australia.

What if you had no investments and wanted to create a portfolio right now?

What are the first five stocks you would buy as the foundation for your investment stable?

This is a great hypothetical to think about to suppress all the noise, macroeconomics and short-term greed. It forces one to consider the genuine long-term prospects of ASX shares.

As a prime example, TMS Capital portfolio manager Ben Clark was recently asked this very question.

Here are the ASX shares he picked:

Start with some old favourites

Clark would start painting his blank canvas with western Australian conglomerate Wesfarmers Ltd (ASX: WES).

"Wesfarmers is a business, which I truly believe, whose management looked after the shareholders superbly," Clark said in the On The Couch podcast.

"Bunnings, time and again, has proven to be an incredibly good business to own… This lithium venture's about to come online in the next year or two."

Wesfarmers' is "cashed up", and Clark feels it can exploit the current downturn to take on even more exciting business ideas.

The next two to add to the portfolio would be CSL Limited (ASX: CSL) and Macquarie Group Ltd (ASX: MQG).

"You got to have Macquarie in there," said Clark.

"It's driven by some of the smartest people in the country and on the planet, who are all heavily incentivised to make money for themselves and the business."

For Clark, though, Macquarie differs from many of its international investment banking rivals.

"You've got this very strong risk [management] attitude across the bank, at the top of the bank," he said.

"The business just continues to ground out higher and higher earnings."

'Bedrock of a portfolio'

The fourth pick is Brickworks Limited (ASX: BKW) or Washington H Soul Pattinson and Co Ltd (ASX: SOL), both of which own a considerable amount of each other's shares.

But funnily enough, the ownership overlap doesn't seem to correlate to synchronous movements in their stock prices.

"You do find their share prices not correlated, bizarrely, because they should be," said Clark.

"So sometimes Brickworks will appeal to us more, and sometimes Soul."

Similar to Macquarie and Wesfarmers, these companies have fingers in many different pies. The diversity seems to smooth out their fortunes over time.

Both Soul Patts and Brickworks are famous for increasing their dividends each year over many decades, regardless of how the economy or the stock market is doing.

"Rising stream of income over many, many years. It's the bedrock of a portfolio."

A 'misunderstood' gem

The fifth stock to add is mining royalties company Deterra Royalties Ltd (ASX: DRR).

"It's an incredibly interesting business. But I still think it's misunderstood."

Despite the massive presence of mining companies on the ASX, listed royalties companies are few and far between. According to Clark, they are much more common on the Canadian and New York stock exchanges. 

But most seem to earn their keep from gold extraction and the subsequent profits of their tenants. Plus the mines have fairly short lives.

Deterra has none of those things.

"What Deterra has is globally unique," he said.

"Deterra owns a 1.232% royalty over the MAC [Mining Area C], which about two-thirds of BHP Group Ltd (ASX: BHP)'s total iron ore production comes out of… It's done on revenue, not profit."

Also, the MAC mine has an estimated 60-year life, and BHP is increasing production out of it over the next few years.

These differences mean there is much more certainty over the income.

"This year, it should push out, including franking credits, a yield of about 11% or 12%," said Clark.

"And it's got net cash on the balance sheet, and I think at some stage, one of those big resource players will come sniffing for it."

The post 5 ASX 200 shares I would buy if I was starting from scratch: expert appeared first on The Motley Fool Australia.

Ask a Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In part three of this edition, we're rejoined by Adam Lund, analyst, head of trading & co-founder, Spheria Asset Management.

Motley Fool: Your focus is on the smaller end of the market with the Spheria Australian Smaller Companies Fund and Spheria Australian Microcap Fund. Are there any ASX shares or broader sectors you're looking to avoid in 2023?

Adam Lund: We try to avoid bubble-like themes and sectors riding excessive momentum.

The lithium complex is an area of the market that we're currently avoiding given the expansion in market cap that is being paid for negative earnings.

The lithium cost curve versus the spot price does not make any sense to us given even the highest-cost producers are able to turn a profit at current spot prices, which only invites more supply to the market.

MF: What's your outlook for lithium prices then?

AL: We're starting to see early signs of this unwinding with the spodumene price down more than 30% from recent highs and lithium carbonate down about 20% from recent highs.

Yet, despite that, ASX lithium shares continue to rally, perhaps on increased hope for China demand as the government focuses on stimulating consumption.

MF: So, that's an area you'll avoid for now. On the flip side, which sectors look promising in the coming quarter?

AL: We think that the retail sector has been mispriced by the market with quality retail players priced for a depression-like environment.

With consumer spending patterns holding, at least for the short-term, we're currently witnessing a re-rate to the sector as investors scramble to close their underweight to consumer discretionary exposure ahead of earnings season.

The market is starting to look through peak inflation and the rate hike cycle and investors will be watching inflation data closely over the coming quarter and positioning accordingly.

MF: Are any other sectors looking like they'll outperform in 2023?

AL: Another area of the market we like is what I'd describe as 'value tech'.

In the early stages of this year, we've seen a renewed optimism in the market which has seen a rotation into sectors such as growth tech – those which had been oversold with the market last year.

However, it's value tech that we view as an attractive part of the market today, given our valuation obsession. We expect M&A activity to heat up in this space over the short to medium term.

MF: What do see as the biggest threat for ASX shares in the year ahead?

AL: Inflation and the rate hike cycle is a key risk for markets. Further rate hikes will see pressure on equity markets.

But, should we start to see signs of peak inflation, the risk may shift to the upside as the market moves to price a holding pattern in rates and potential future rate cuts, which would likely see a rotation back towards equities and riskier assets.

The market often overplays macro factors which creates opportunities for long-term investors. We have been positioning the portfolio towards longer-duration assets with the view that the market has overplayed the rate hike cycle.

We are of the opinion that we are closer to the top of the rate hike cycle than the bottom and have been fully invested for this reason.

MF: If the market closed tomorrow for five years, which ASX share would you be sure to want in your portfolio?

AL: An ASX share named Deterra Royalties Ltd (ASX: DRR) would certainly be one to own under this scenario.

Deterra owns a portfolio of mining royalties including a 1.23% royalty on iron ore production at a site in the Pilbara region known as Mining Area C. The site is majority owned by BHP Group Ltd (ASX: BHP) and has an estimated mine life of more than 50 years.

Royalties provide an annuity-like income stream, and Mining Area C – the jewel in Deterra's crown – has a production capacity that's likely to more than double over the next few years, which will see investors benefit from capacity payments as the production profile expands.

Deterra currently trades on 11 times EV to EBIT [enterprise value to earnings before interest and taxes], pays a 6% fully franked dividend yield, has strong cash flow conversion, and operates on a 96% EBIT margin with a net cash balance sheet.

The royalty is paid on a percentage of revenue, thus offering investors inflation protection at a reasonable price, which is important in the inflationary environment we are currently operating in.

**

If you missed the earlier installations of our fund manager interview series with Adam Lund, you can read part one right here and part two by clicking here.

(You can find out more about Spheria Asset Management's fund offerings here.)

The post This little-known ASX share offers 'inflation protection at a reasonable price': fund manager appeared first on The Motley Fool Australia.

Both of these dividend shares have been rated as buys and tipped to provide investors with good yields in the near term. Here's what you need to know about these shares:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share for income investors to look at is Deterra Royalties.

It is the owner of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals. This includes the massive Mining Area C (MAC) iron ore operation owned by mining giant BHP Group Ltd (ASX: BHP).

The team at Citi is positive on the company and has a buy rating and $5.10 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 30 cents in both FY 2023 and FY 2024. Based on the current Deterra Royalties share price of $4.88, this will mean yields of 6.15%.

Macquarie Group Ltd (ASX: MQG)

Another ASX 200 dividend share for income investors to consider is investment bank Macquarie.

It has been tipped as a buy by analysts at Morgans. The broker notes that the investment bank is a "quality franchise, well exposed to structural growth areas, and the company is managing a more difficult FY23 environment well."

In respect to dividends, Morgans is forecasting 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 $185.13, this will mean yields of 3.8% and 4%, respectively.

Morgans has an add rating and $214.30 price target on the company's shares.

The post Buy Macquarie and this ASX 200 dividend share: analysts appeared first on The Motley Fool Australia.

I love investing in ASX growth shares. And I particularly love investing in ASX growth shares with scalable business models.

Scalability refers to how easy it is to expand a business and grow revenues at a much faster rate than costs. 

How is this possible? Well, scalable businesses have a higher proportion of fixed costs compared to variable costs. 

Take a software business, for example. Once the software has been created, there's typically very little cost involved in rolling it out to an extra customer. 

This can lead to a wonderful thing called operating leverage, where more and more sales dollars fall to the bottom line. 

With that in mind, let's take a look at three ASX 200 shares that benefit from scalable business models.

REA Group Limited (ASX: REA)

To kick things off, REA is the ASX 200 share behind one of the most prominent brands in Australia. 

Realestate.com.au is not only the nation's largest property portal. According to market research firm Nielsen, it's also the seventh-largest online brand in the country. It averages 124 million visits across nearly 13 million people each month, reaching 62% of Australia's adult population.

As a digital business, REA is highly scalable. It can attract new customers with ease, without having to invest significant amounts of capital to grow.

Take its core property portal, for example. REA generates listing revenue when a real estate agency advertises a property on its portal. But crucially, REA collects these fees without having to do much at all. The portal has already been built and it works seamlessly. There are hardly any costs involved in adding an extra property listing to the portal. 

In other words, REA generates this listing revenue at high gross profit margins. 

A fair chunk of this gross profit translates into earnings. In FY22, REA achieved an EBITDA margin of 57% across the group.

Deterra Royalties Ltd (ASX: DRR)

Next up, Deterra Royalties is a lesser-known ASX 200 share with a business model unique to the ASX. 

Deterra was spun off from Iluka Resources Limited (ASX: ILU) in 2020 to separate the mineral sands and royalty businesses.

Deterra currently holds six royalty assets in its portfolio, with its cornerstone asset being the Mining Area C (MAC) Royalty.

Operated by BHP Group Ltd (ASX: BHP), Mining Area C is set to become the largest iron ore hub in the world. It's expected to produce 145 million tonnes of iron ore each year when the recently-completed South Flank expansion reaches full production.

The MAC royalty is revenue-based, with Deterra earning 1.232% of revenue from the MAC royalty area plus capacity payments. As a result, Deterra's business model captures the upside of expansions and extensions without any exposure to the mine's operating costs or capital contributions.

This simple and scalable model enabled Deterra to achieve an unbelievable underlying EBITDA margin of 97% in FY22. As an added benefit for shareholders, the company is committed to paying out 100% of its net profit after tax (NPAT) as dividends.

Pro Medicus Limited (ASX: PME)

Last but not least is a company that I believe is one of the highest-quality growth shares on the ASX.

I recently profiled Pro Medicus as an ASX 200 share with juicy gross profit margins, which goes hand in hand with scalability.

But I think the economics of the business are deserving of another shout.

Pro Medicus is one of the very first companies that spring to mind when I think of operating leverage. It has it in spades. 

For those who are unfamiliar, Pro Medicus is a global leader in radiology imaging software through its Visage technology.

The company's scalability and operating leverage are best seen through its wide profit margins. In FY22, Pro Medicus achieved an EBIT margin of 67%. Put another way, Pro Medicus turned two-thirds of every sales dollar into profit before tax. 

What's more, as the company's topline flourishes, these margins have only been heading higher over time.

The post 3 ASX 200 shares with highly-scalable business models 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 falling:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down a further 1.5% to 66 cents. This semiconductor company's shares have come under pressure this week after it raised capital again. Investors appear concerned that this could mean the company's latest quarterly sales performance underwhelmed and it needed a cash injection.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 3% to $1.15. This may have been driven by a bearish broker note out of Goldman Sachs this morning. According to the note, the broker has reiterated its sell rating and 95 cents price target on this lithium developer's shares. Goldman believes Core Lithium's shares are overvalued at the current level.

Deterra Royalties Ltd (ASX: DRR)

The Deterra Royalties share price is down 2.5% to $4.68. This may also have been driven by a broker note out of Goldman Sachs. This morning, the broker downgraded the mining royalties company's shares to a neutral rating with a $4.50 price target. Goldman made the move largely on valuation grounds after a strong gain since October.

Mesoblast Ltd (ASX: MSB)

The Mesoblast share price is down 2.5% to 93.5 cents. This is despite there being no news out of the biotech company. However, with its shares up strongly since the start of the year, some profit taking could be happening. The Mesoblast share price remains up 7% year to date.

The post Why Brainchip, Core Lithium, Deterra Royalties, and Mesoblast shares are falling appeared first on The Motley Fool Australia.

Here's why these shares could be top options this year:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share for income investors to look at buying is Deterra Royalties.

It is a mining royalties company and the owner of a portfolio of royalty assets across a range of commodities. The key asset in the company's portfolio is the Mining Area C (MAC) iron ore operation, which is part of Western Australia Iron Ore (WAIO), and operated by mining giant BHP Group Ltd (ASX: BHP).

The team at Citi is positive on the company and has a buy rating and $4.70 price target on its shares.

As for dividends, Citi is forecasting fully franked dividends per share of 26 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.65, this will mean yields of 5.6% and 6%, respectively.

Transurban Group (ASX: TCL)

Another ASX 200 dividend share that could be a good option for a income investors is Transurban.

It is a leading toll road operator that owns a portfolio of roads in Australia and North America. It also has a significant project pipeline that could support its growth long into the future.

While its roads were quiet during the pandemic, traffic volumes are now booming again. Combined with its positive exposure to inflation, Transurban has been tipped to grow its earnings and dividends at a solid rate in the coming years.

Macquarie is a fan of the company and has an outperform rating and $14.19 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 53 cents in FY 2023 and then 56.5 cents in FY 2024. Based on the current Transurban share price of $13.15, this will mean yields of 4% and 4.3%, respectively.

The post Experts name 2 quality ASX 200 dividend shares for income investors to buy appeared first on The Motley Fool Australia.

It's certainly been a rollercoaster for ASX investors in 2022. But now, it's time to disembark and begin a whole new ride!

Will rising inflation and recession fears derail the carriage again in 2023? Or will China fully reopen and central banks turn dovish to prevent any major big dippers?

Stay tuned! But in the meantime, we asked our Foolish contributors for their thoughts on which are the best shares to bring joy to your ASX ride in 2023.

Here is what the team came up with:

7 best ASX shares for January 2023 (smallest to largest)

• Mach7 Technologies Ltd (ASX: M7T), $164 million
• Elders Ltd (ASX: ELD), $1.58 billion
• Deterra Royalties Ltd (ASX: DRR), $2.43 billion
• Metcash Limited (ASX: MTS), $3.75 billion
• iShares Global Consumer Staples ETF (ASX: IXI), $4.06 billion
• Allkem Ltd (ASX: AKE), $7.18 billion
• Qantas Airways Limited (ASX: QAN), $10.99 billion

(Market capitalisations as of 4 January 2023)

Why our Foolish writers love these ASX shares

Mach7 Technologies Ltd

What it does: Mach7 Technologies provides and develops image management and viewing solutions in the healthcare sector. The core of these offerings is its Mach7 Enterprise Imaging Solution.

By Bernd Struben: Mach7 is on the smaller end of the investment spectrum with a market cap of some $165 million. Yet it has a global reach into the large and growing medical imaging markets.

In the first quarter of FY23, the company reported annual recurring revenue (ARR) of $17.9 million, up 3.2% from the prior quarter. While cash receipts were down from the prior quarter, Mach7's balance sheet was solid, with $21.5 million in cash and no debt.

The company kicked off 2023 announcing the largest customer contract in its history. The 10-year deal with NASDAQ-listed Akumin Inc has a total contract value of approximately $16.7 million. The Mach7 share price surged 18% on the day of the announcement. But I believe there could be more gains in the months ahead.

Motley Fool contributor Bernd Struben does not own shares in Mach7 Technologies.

Elders Ltd

What it does: Elders is an agribusiness company providing services for those in industries such as livestock, wool, and grain. It also offers real estate services, home loans, and insurance products, among other various avenues.

By Brooke Cooper: A new year has dawned, and it's likely brought plenty of new investing opportunities. Alas, I've got my eye on an old one.

Elders has been around for more than 180 years, but the last one has been particularly rough on its share price. It's fallen 16% over the last 12 months.

Recent selloffs in the company have been excessive, in the eyes of both myself and broker Goldman Sachs.

The broker believes Elders is "very well-positioned to grow through the cycle", slapping it with a buy rating and an $18.40 price target. This represents a potential 82% upside.

Motley Fool contributor Brooke Cooper does not own shares in Elders Ltd. 

Deterra Royalties Ltd

What it does: Deterra Royalties collects a fee from royalty assets it holds in its portfolio. The main contributor to the company's financials is its royalty over the Mining Area C iron ore mining operation in the Pilbara region.

By Mitchell Lawler: Inflationary pressures have shone a light on businesses with low operational costs. Companies with minimal employee expenses, material costs, and debt could be well situated this year. 

Deterra Royalties appears to be one such company thanks to its royalty business model. Due to the lack of capital-intensive operations, Deterra touted a 97% gross profit margin in FY22 and a net income margin of 67%. 

The risk to this company's bottom line is iron ore demand. There is concern stemming from China's challenging exit from a zero-COVID policy. However, I'd expect China will find its feet eventually, much like the rest of the world. 

Motley Fool contributor Mitchell Lawler does not own shares in Deterra Royalties Ltd.

Metcash Limited

What it does: Metcash operates three different divisions. It is a food supplier for independent supermarkets around Australia, namely IGA, and a liquor supplier for brands such as Cellarbrations, The Bottle-O, IGA Liquor and Thirsty Camel. The company also owns hardware brands, including Mitre 10, Homeware Timber & Hardware and Total Tools.

By Tristan Harrison: Investors looking for stability during this uncertain time could do well with Metcash, in my opinion. I think its food and liquor earnings can be resilient, as we saw during the COVID-19 period. The Australian population's continued growth could be a boost, particularly for the food division.

I'm excited by the potential of the hardware division as it expands its number of locations and grows profitability. The hardware division is now making the most profit and saw 8% sales growth in the first four weeks of the FY23 second half.

According to Commsec, Metcash could pay a grossed-up dividend yield of 7.7% in FY23, which would boost total returns.

Motley Fool contributor Tristan Harrison does not own shares in Metcash Limited.

iShares Global Consumer Staples ETF

What it does: This exchange-traded fund (ETF) represents a basket of global companies specialising in consumer staples products like food, drinks, vices and household essentials.

By Sebastian Bowen: Happy New Year! Like 2022 before it, 2023 is shaping up to be a year of unknowns and risks. Rising interest rates have led to predictions of another recession this year.

 With all of this uncertainty, I think it's a good time to turn to companies that can thrive in all economic climates: consumer staples. No matter what the economy is doing, we all need to eat drink and keep our homes running.

As such, I believe that the iShares Consumer Staples ETF, housing top-notch names like McDonald's, Kellogg and Colgate-Palmolive, provides a solid foundation for an ASX share portfolio in the new year.

Motley Fool contributor Sebastian Bowen owns shares in McDonald's.

Allkem Ltd

What it does: Allkem is a speciality lithium products company with a global portfolio of diverse and high-quality lithium chemicals.

By James Mickleboro: My first pick this year is lithium miner Allkem. The lithium industry has been going through a tough period in recent weeks amid concerns that prices have peaked. And while a peak was inevitable eventually, this doesn't mean the end of the road for Allkem. Far from it!

Thanks to its plan to grow production four times over in the coming years, it remains well-placed to continue generating bumper profits even as prices ease.

In fact, even Goldman Sachs, which is extremely bearish on lithium prices, believes Allkem shares are a buy. It currently has a buy rating and $15.20 price target on them.

Motley Fool contributor James Mickleboro owns shares in Allkem. 

Qantas Airways Limited

What it does: Qantas is Australia's leading operator of international and domestic air transportation services. It also provides freight services and has a lucrative frequent flyer loyalty program.

By James Mickleboro: Another ASX share that I would buy this month is Australia's flag carrier airline, Qantas. Despite its shares smashing the market in 2022, I still believe they are attractively priced. Especially given how the airline has come out the other side of the pandemic as a significantly stronger business.

For example, Goldman Sachs forecasts FY 2023 earnings per share almost 60% higher than FY 2019's pre-COVID levels. And that's despite the company operating with a group capacity 20% lower than 2019 levels. Yet despite this, Qantas shares have closed out the year notably lower than where they ended 2019.

Goldman currently has a conviction buy rating and an $8.20 price target on its shares.

Motley Fool contributor James Mickleboro does not own shares in Qantas. 

The post Top ASX shares to buy in January 2023 appeared first on The Motley Fool Australia.

Both of these dividend shares have been rated as buys and tipped to provide investors with attractive yields in the coming years. Here's what analysts are saying about these shares:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share for income investors to consider is Deterra Royalties.

Deterra Royalties is the owner of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals. This includes the Eneabba Project and the Mining Area C (MAC) iron ore operation owned by mining giant BHP Group Ltd (ASX: BHP).

Analysts at Citi are positive on the company and have a buy rating and $4.70 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 26 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.63, this will mean yields of 5.6% and 6%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend share to look at is NAB. This big four bank has been named as a buy for income investors by analysts at Goldman Sachs.

The broker currently has a buy rating and $34.81 price target on the banking giant's shares.

Goldman Sachs is a fan of NAB due to its exposure to commercial lending, which it believes will perform relatively better than home lending in the current economic environment.

It highlights that its analysts "see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic."

In respect to dividends, Goldman is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.73 pee share in FY 2024. Based on the current NAB share price of $30.21, this implies yields of 5.5% and 5.7%, respectively.

The post Buy NAB and this ASX 200 dividend share: analysts appeared first on The Motley Fool Australia.

Listed below are two ASX 200 dividend shares that have been rated as buys by brokers.

Here's what they are saying about these top dividend shares:

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The first ASX 200 dividend share that could be a buy is ANZ Bank. It is of course one of the big four banks with operations on both sides of the Tasman sea.

Analysts at Citi are positive on the bank and are forecasting some big dividend yields from its shares in the coming years. This is expected to be underpinned by net interest margin (NIM) improvements driven by rising interest rates. It said:

[T]he exit NIM of 1.80% is likely to drive material consensus revenue upgrades, and we think the street upgrades core earnings. We retain our Buy call, with core earnings momentum and benign asset quality.

Citi is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current ANZ share price of $23.90, this will mean yields of 6.95% and 7.35%, respectively.

The broker also sees plenty of upside potential with its buy rating and $29.25 price target.

Coles Group Ltd (ASX: COL)

Another ASX 200 dividend share that has been tipped as a buy for income investors is Coles. It is one of the big two supermarket operators with over 800 supermarkets and 900 liquor retail stores.

And while this is a very large footprint, Coles continues to see opportunities to expand. In addition, management is aiming to make its operations more efficient through cost cutting and its focus on automation. The latter includes the development of new distribution centres with automation giant Ocado.

As for dividends, Morgans is forecasting fully franked dividends per share of 64 cents in FY 2022 and 66 cents in FY 2023. Based on the current Coles share price of $16.99, this implies yields of 3.75% and 3.9%, respectively.

The broker also sees plenty of value on offer here. It has an add rating a d $19.50 price target on Coles' shares.

The post Buy ANZ Bank and this ASX 200 dividend share: brokers appeared first on The Motley Fool Australia.

Both of these ASX dividend shares have been tipped to provide investors with generous yields in the near term. Here's what they are saying about them:

Deterra Royalties Ltd (ASX: DRR)

The first high yield ASX dividend share for investors to consider is Deterra Royalties.

It is the owner of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.

One of the key royalty assets in its portfolio is the Mining Area C (MAC) iron ore operation which is operated by mining giant BHP Group Ltd (ASX: BHP). Another for the future is the Eneabba Project, owned by Sheffield Resources.

Citi is a fan of the company and has a buy rating and $4.70 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 26 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.69, this will mean yields of 5.5% and 6%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another high yield ASX dividend share that has been named as a buy is Stockland.

It is a residential and land lease developer and retail, logistics and office real estate property manager.

While trading conditions are not easy at present, analysts at Goldman Sachs "believe the potential headwinds are factored into the share price and see SGP as attractively valued." The broker feels this is particularly the case given its recently refreshed corporate strategy and the sale of its low returning Retirement division.

Goldman has a buy rating and $4.40 price target on its shares.

In respect to dividends, its analysts are forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.87, this will mean yields of 7.1% and 7.3%, respectively.

The post Brokers expect very big dividends from these ASX shares in 2023 appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) got off to a good start this week. The index finished Monday's session 0.33% higher at 7,325.6 points.

The S&P/ASX 200 Energy Index (ASX: XEJ) posted the market's biggest gains today, lifting 1.5% despite a disappointing Friday for global oil prices.

The Brent crude oil price fell 1.5% to US$85.57 a barrel on Friday while the US Nymex crude oil price slumped 1.5% to US$79.98 a barrel.

Perhaps less surprisingly, the S&P/ASX 200 Materials Index (ASX: XMJ) also soared, gaining 1.4% after a strong session for iron ore.

Iron ore futures surged 4.2% to US$107.44 a tonne on Friday, leaving it up 15.9% for the week just been. 

Also on Friday, S&P Dow Jones Indices outlined upcoming changes to the index, set to take effect on 19 December. From then on, St Barbara Ltd (ASX: SBM) will be removed from the ASX 200 with Monadelphous Group Limited (ASX: MND) taking its place.

But it wasn't all green on the Aussie bourse today. The S&P/ASX 200 Health Care Index (ASX: XHJ) slipped 0.7% while the S&P/ASX 200 Utilities Index (ASX: XUJ) dumped 1.1%.

At the end of Monday's session, six of the ASX 200's 11 sectors were in the green. But which stock took out today's top spot? Keep reading to find out.

Top 10 ASX 200 shares countdown

Monday's top-performing ASX 200 stock was Fortescue Metals Group Limited (ASX: FMG). Its share price soared 6.9% today.

Today's biggest gains were made by these shares:

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

Here's what analysts are expecting from these mining shares:

Deterra Royalties Ltd (ASX: DRR)

The first ASX mining share that could be a buy for dividends is Deterra Royalties.

As its name implies, Deterra Royalties operates a mining royalty business model. This involves the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.

This includes the Mining Area C (MAC) iron ore operation which is co-owned with mining giant BHP Group Ltd (ASX: BHP) and the Yoongarillup mineral sands mines. It also has exposure to the Eneabba rare earths project, which has the potential to become a globally significant producer of rare earths.

The team at Citi is positive on Deterra Royalties and has a buy rating and $4.70 price target on its shares.

As for dividends, the broker is expecting fully franked dividends per share of 26 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.75, this will mean yields of 5.5% and 5.9%, respectively.

South32 Ltd (ASX: S32)

Another ASX mining share that has been tipped to provide big dividend yields is South32.

South32 is a diversified mining and metals company producing a range of commodities. These include aluminium, copper, manganese, and nickel.

Analysts are Morgans are positive on South32 and see major upside potential and big dividends on the horizon. The broker likes South32 due to its portfolio transformation, which it believes is "substantially boosting group earnings quality, as well as S32's risk and ESG profile"

Morgans currently has an add rating and $5.30 price target on the miner's shares.

In respect to dividends, the broker has pencilled in fully franked dividends per share of 22.9 cents in FY 2023 and 21.5 cents in FY 2024. Based on the current South32 share price of $4.29, this will mean yields of 5.3% and 5%, respectively.

The post The ASX 200 mining shares to buy for big dividends in 2023: analysts appeared first on The Motley Fool Australia.

These ASX 200 dividend shares have been rated as buys by analysts. Here's what they are saying about them:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX 200 dividend share that could be a buy is Charter Hall Social Infrastructure REIT.

This growing real estate investment trust invests in social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres.

Analysts at Goldman Sachs are very positive on the company's outlook. So much so, the broker has a conviction buy rating and $4.13 price target on its shares.

It likes that the company is "executing on its strategy to broaden its investments in social infrastructure" and believes it is well-placed for growth despite the challenging macroeconomic backdrop.

In light of this, Goldman is expecting the company's dividends to grow in the coming years. It has forecast dividends of 17.2 cents per share in in FY 2023 and then 18 cents per share in FY 2024. Based on the current Charter Hall Social Infrastructure REIT unit price of $3.35, this will mean yields of 5.1% and 5.4%, respectively.

Deterra Royalties Ltd (ASX: DRR)

Another ASX 200 dividend share to look at is Deterra Royalties.

It is the operator of a royalty business covering a portfolio of assets across a range of commodities, primarily focused on bulks, base and battery metals. This includes the Mining Area C iron ore operation which is co-owned with mining giant BHP Group Ltd (ASX: BHP).

Citi is very positive on Deterra Royalties and has a buy rating and $4.70 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 25.9 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.45, this will mean yields of 5.8% and 6.3%, respectively.

The post Income investor? Analysts say these are the ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

Here's what they are saying about these top ASX 200 dividend shares:

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The first ASX 200 dividend share that could be a buy is big four bank ANZ Bank.

The team at Citi appear to believe the banking giant would be a great option to an income portfolio. Its analysts currently have a buy rating and $29.25 price target on the company's shares.

Citi was pleased with ANZ's FY 2022 results and particularly its exit net interest margin (NIM). Combined with core earnings momentum, it believes the bank is well-positioned for the future. As a result, it has boosted its earnings and dividend estimates accordingly. The broker commented:

[T]he exit NIM of 1.80% is likely to drive material consensus revenue upgrades, and we think the street upgrades core earnings. We retain our Buy call, with core earnings momentum and benign asset quality.

In respect to dividends, Citi is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current ANZ share price of $24.33, this will mean yields of 6.8% and 7.2%, respectively.

Deterra Royalties Ltd (ASX: DRR)

Another ASX 200 dividend share to look at is Deterra Royalties.

It operates a royalty business model which involves the management and growth of a portfolio of royalty assets across a range of commodities. These are primarily focused on bulks, base and battery metals, and include the Mining Area C (MAC) iron ore operation, which is co-owned with BHP Group Ltd (ASX: BHP).

Goldman Sachs is very positive on Deterra. Last month its analysts upgraded the company's shares to a buy rating with a $4.70 price target. It explained:

Upgrade royalty company DRR to Buy (from Neutral) on valuation (~0.85xNAV), 6.5-8% dividend yield, upside at BHP's South Flank mine with the ramp-up ahead of schedule, and no exposure to escalating industry opex and capex.

As for dividends, it is expecting fully franked dividends per share of 31.5 cents in FY 2023 and 26.2 cents in FY 2024. Based on the current Deterra Royalties share price of $4.17, this will mean yields of 7.5% and 6.3%, respectively.

The post Analysts say these ASX dividend shares are buys this week appeared first on The Motley Fool Australia.

Here's what they are saying about these top ASX 200 dividend shares:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share to look at is Deterra Royalties.

It operates a royalty business model which involves the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.

This includes the Mining Area C (MAC) iron ore operation which is co-owned with mining giant BHP Group Ltd (ASX: BHP). It is located 120 kilometres north-west of Newman in the Pilbara region of Western Australia on the Traditional lands of the Banjima people. It consists of open-cut mines, three ore handling plants and one train load-out facility.

Goldman Sachs is bullish and has a buy rating and $4.70 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 31.5 cents in FY 2023 and 26.2 cents in FY 2024. Based on the current Deterra Royalties share price of $4.21, this will mean yields of 7.5% and 6.2%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share that has been tipped as a buy is Stockland.

Stockland is a residential and land lease developer and retail, logistics, and office real estate property manager.

Goldman Sachs is a fan of the company. It stated that it believes "the potential headwinds are factored into the share price and see SGP as attractively valued."

Goldman currently has a buy rating and $4.50 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.30, this will mean yields of 8.4% and 8.6%, respectively.

The post Analysts name 2 ASX 200 dividend shares to buy this month appeared first on The Motley Fool Australia.

While some experts say stock markets are starting to reflect that inflation is now under control, pricing pressures continue to impact our everyday lives — and equity returns. One way to help offset the rising cost of living is with some extra income.

To seek out some potential extra earnings, we asked our Foolish contributors which ASX dividend shares are grabbing their attention in October. Here's what the team came up with.

8 best ASX dividend shares for October 2022 (smallest to largest)

Accent Group Ltd (ASX: AX1), $707.14 million

Dicker Data Ltd (ASX: DDR), $1.67 billion

Deterra Royalties Ltd (ASX: DRR), $2.25 billion

Metcash Limited (ASX: MTS), $3.73 billion

Yancoal Australia Ltd (ASX: YAL), $8.02 billion

Wesfarmers Ltd (ASX: WES), $50.88 billion

Woodside Energy Group Ltd (ASX: WDS), $64.46 billion

Westpac Banking Corp (ASX: WBC), $82.28 billion

(Market capitalisations as at market close on 14 October 2022)

Why our Foolish writers love these ASX dividend shares

Accent Group Ltd

What it does: Accent Group is a footwear retailer behind many staple Aussie shoe stores. It boasts more than 500 stores spread over 19 brands, including The Athlete's Foot, Glue, and Hype.

By Brooke Cooper: The Accent Group share price has struggled in 2022, falling 47% year to date to $1.305 at the close of trade on Friday.

That dip might present a buying opportunity. My Fool colleague James reports that Morgans tips the stock to lift 60% to trade at $2.

The company is also a consistent dividend payer. It's currently trading with a 5.2% dividend yield, offering 6.5 cents of fully-franked dividends per share over the last 12 months. That's been predicted to increase too.

The broker expects the company to offer 9 cents per share this financial year and 11 cents per share in the 2024 financial year.

Motley Fool contributor Brooke Cooper does not own shares of Accent Group Ltd.

Dicker Data Ltd

What it does: Dicker Data is one of the largest technology hardware, software, cloud, cybersecurity, access control and surveillance distributors in Australia and New Zealand.

By James Mickleboro: I think Dicker Data could be a quality option for income investors thanks to its long track record of growth and its positive long-term outlook.

Pleasingly, the company's strong form has continued in FY 2022, with Dicker Data reporting a 36% increase in first-half revenue and a 19.5% lift in earnings before interest, tax, depreciation, and amortisation (EBITDA).

Dicker Data recently raised funds to extend its warehouse by 70%. This provides a significant runway to capture additional growth in the coming years and is also expected to deliver cost savings.

Morgan Stanley currently has an outperform rating and a $14.00 price target on Dicker Data shares. As for dividends, its analysts forecast fully-franked dividends per share of 36.2 cents in FY 2022 and 42.2 cents in FY 2023.

The Dicker Data share price of $9.26 at Friday's close will mean yields of 3.9% and 4.5%, respectively.

Motley Fool contributor James Mickleboro does not own shares of Dicker Data Ltd.

Deterra Royalties Ltd

What it does: Deterra Royalties holds several royalties over mining areas in Western Australia. The company predominantly derives its revenue from a royalty over Mining Area C (MAC), an iron ore mining hub majority-owned by BHP Group Ltd (ASX: BHP).

By Mitchell Lawler: I'll be the first to admit I'm not often a fan of ASX shares with exposure to the resource sector. However, I think Deterra Royalties is differentiated from most companies involved in digging up and processing commodities. 

While demand for iron ore might ebb and flow from year to year, there's no doubt that steel plays an integral role in society. As such, BHP plans to continue increasing production from its MAC mining hub in future years, which would result in higher revenues for Deterra. 

Additionally, Deterra is less exposed to the potential impacts of inflation due to the nature of a royalty-based business model. In the last financial year, Deterra recorded a minuscule $729,000 in operating expenses, leaving the rest of its $265 million revenue to flow through to the bottom line.

Right now, Deterra is delivering a tantalising 8.3% dividend yield – and it's debt free.

Motley Fool contributor Mitchell Lawler does not own shares in Deterra Royalties Ltd.

Metcash Limited

What it does: Metcash has three pillars to its business. Through its food pillar, it supplies independent supermarkets, such as IGA. Its liquor segment supplies Cellarbrations, The Bottle-O, IGA Liquor, Porters Liquor, Thirsty Camel and Duncans. Finally, Metcash owns brands like Mitre 10, Home Timber & Hardware and Total Tools in its hardware division.

By Tristan Harrison: I think Metcash's food and liquor divisions provide the company with a defensive source of earnings during these uncertain times.

I like the company's efforts to invest in its businesses with MFuture, designed to help online sales and efficiencies. Metcash is constructing new warehouse and distribution facilities and has completed a paperless warehouse initiative. For online sales, it is rolling out e-commerce initiatives for IGA retailers.

In my opinion, the hardware business can deliver good profit growth over the long term, particularly as it expands its network.

The Metcash share price is near its 52-week low, yet in the first 17 weeks of FY23 to 28 August, group sales were up another 8.9%.

Using the FY22 payout of 21.5 cents, Metcash has a grossed-up dividend yield of around 8%.

Motley Fool contributor Tristan Harrison does not own shares of Metcash Limited.

Yancoal Australia Ltd

What it does: Yancoal Australia is a pure-play ASX coal mining company producing both thermal and metallurgical coal. Its seven coal mines are in tier 1 Australian locations with a two-decade average mine life. The company sells its coal globally.

By Bronwyn Allen: Many commodity stocks are having a cracking 2022 because commodity prices have skyrocketed. 

This means mining companies are making more money on the stuff they dig out of the ground while their costs stay the same, or at least don't rise by as much. 

Sure, inflation is now running at a 20-year high of 6.1% per annum but the coal price is up 66% year over year, so you see my point. 

As we reported recently, the analysts' consensus has Yancoal paying about a 37% dividend yield in FY22, which is about 8x the average of the S&P/ASX 200 Index (ASX: XJO). 

As Katana Asset Management points out, that's a third of your investment back in one year.  

A word of caution, though: Coal stocks are paying bigger dividends today because of the high coal price. When the commodity price changes, so will your dividend returns. 

Motley Fool contributor Bronwyn Allen does not own shares of Yancoal Australia Ltd.

Wesfarmers Ltd

What it does: Wesfarmers is a diversified ASX 200 retail company. Its divisions include household names like Bunnings Warehouse, Kmart Australia, Covalent Lithium and Officeworks, among others.

By Bernd Struben: Wesfarmers is well-known among income investors for its reliable dividend payments, traditionally making two fully-franked dividend payments per year.

The company even made its two payouts in the pandemic-addled year of 2020. And it offers a dividend reinvestment plan (DRP).

With the Wesfarmers share price down 24.3% year to date, the stock currently trades on a trailing yield of 4.01%. Analysts at Morgans forecast dividend payouts of $1.82 in the current financial year and $1.89 in FY24. That would mean stable yields this year edging up to 4.2% the following year.

Sweetening the picture, Morgans has a $55.60 target for the Wesfarmers share price, 24% above Friday's closing price of $44.87.

Motley Fool contributor Bernd Struben does not own shares of Wesfarmers Ltd.

Woodside Energy Group Ltd

What it does: Woodside is an oil and gas-producing giant. Woodside is one of the top 10 energy companies in the world following its merger with the petroleum arm of BHP Group.

By Monica O'Shea: Woodside shares have soared nearly 51% in the year to date based on Friday's closing price of  $33.07XX.

Woodside investors recently received a fully-franked interim dividend of US109 cents. This is 263% higher than the interim dividend of US30 cents paid in 2021 and 319% higher than the US26 cent dividend paid in 2020.

With the ongoing Russian and Ukraine conflict, the outlook for gas and oil prices remains uncertain.

However, a recent Federal Industry Department Resources and Energy Report is tipping Australian LNG export earnings to surge by nearly 29% in the 2023 financial year before pulling back in 2024.

The report noted Russia's invasion of Ukraine was placing "upward pressure on LNG prices". Oil export earnings are also tipped to rise in FY23 before easing in 2024.  

Given this, I believe Woodside will likely remain a decent dividend investment in the near term. 

Motley Fool contributor Monica O'Shea does not own shares of Woodside Energy Group Ltd.

Westpac Banking Corp

What it does: Westpac is one of the six banking majors in Australia and operates in traditional banking markets of lending and financial services. 

By Zach Bristow: Investors have enjoyed a lengthy stream of dividends from Westpac dating back to some of the earliest days of the Australian Securities Exchange (ASX). 

The current macroeconomic climate would typically be positive for ASX banking shares, however, this hasn't been the case in 2022. 

Despite this, the consensus of analyst estimates forecasts Westpac to deliver a 6% forward dividend yield in FY23, according to Refinitiv Eikon data [at the current share price]. 

The bank also delivered an above-sector net interest margin in FY21 and looks well-positioned to continue generating free cash flow for its future dividend payouts. 

As such, investors might take advantage of any pricing weakness to capture the 6% yield, whilst analysts at UBS value Westpac shares at $27 apiece.

Motley Fool contributor Zach Bristow does not own any shares in Westpac Banking Corp. 

The post Top ASX dividend shares to buy in October 2022 appeared first on The Motley Fool Australia.

But, there are some names out there that don't have any debt. Not only does this mean that they don't have to contend with interest costs, but it could mean the overall business is in a stronger position.

Paying down debt could be a smart move for some management teams.

Let's have a look at some of the names that have strong balance sheets and are dividend payers.

New Hope Corporation Limited (ASX: NHC)

New Hope is one of the largest coal miners in Australia. It's currently benefiting from strong coal prices and this has meant the business can pay big dividends while also paying off its debt.

On 28 October 2021, the ASX share fully repaid the debt drawn under its syndicated debt facility of $310 million and then terminated that facility in July 2022. Its modelling indicates it doesn't require any funding for general corporate purposes and advances the execution of a broader strategy.

With its FY22 result, it declared a final dividend of 31 cents per share and a special dividend of 25 cents per share. At the current New Hope share price, those two dividends equate to a grossed-up dividend yield of 13.3%.

Deterra Royalties Ltd (ASX: DRR)

Deterra Royalties owns royalties, including the Mining Area C royalty that is used by BHP Group Ltd (ASX: BHP). It's looking for more opportunities to add to the portfolio.

The business is committed to paying out 100% of its net profit after tax (NPAT) as a dividend to investors.

Its FY22 dividend per share of 33.76 cents was an 89% increase, which represents a grossed-up dividend yield of 11.5%.

Alumina Limited (ASX: AWC)

The company says that its strategy is to "invest world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through our 40% ownership of Alcoa World Alumina & Chemicals (AWAC), the western world's largest alumina business."

In its recent FY22 half-year result, the ASX share announced that its underlying NPAT went up 73% to $119.6 million. It also grew its interim dividend by 24% to 4.2 cents per share.

The last two dividends amount to a grossed-up dividend yield of 10.2%.

Michael Hill International Ltd (ASX: MHJ)

Michael Hill is one the largest jewellery businesses in Australia. It also has operations in Canada and New Zealand.

The company's recent FY22 result saw the business grow revenue by 7% and net profit increased 13.9% to $46.7 million. The dividend was grown by 66% to 7.5 cents per share. At the current Michael Hill share price, the dividend yield is 6.7%. It had $95.8 million of cash at the year end.

Super Retail Group Ltd (ASX: SUL)

The Super Retail business is made up of a few retailing brands including Supercheap Auto, Rebel, BCF and Macpac.

While there may be a bit more economic uncertainty, the ASX share has started FY23 strongly, with group like for like sales rising by 17% in the first six weeks of FY23.

In FY22 it paid a full-year dividend of 70 cents per share, which equates to a grossed-up dividend yield of 10.4%.

The post Dividend beasts: 5 ASX shares with monster yields and no debt appeared first on The Motley Fool Australia.

With ASX reporting season in full swing, S&P/ASX 200 Index (ASX: XJO) shares are declaring dividends left, right, and centre.

Once dividends are declared, there's a cut-off date to determine which shareholders are entitled to the upcoming payment. This is known as the ex-dividend date.

As I covered yesterday, three S&P/ASX All Ordinaries Index (ASX: XAO) shares went ex-dividend on Tuesday, putting downwards pressure on their companies' respective share prices.

Notably, the Australian Clinical Labs Ltd (ASX: ACL) share price suffered a steep 11% fall as the company's shares no longer traded with a handsome final dividend.

When a company's shares go ex-dividend, the share price typically falls. The extent of this drop is linked to the size of the dividend. But it varies based on sentiment and how the broader market is faring that day.

With this in mind, here are three ASX 200 shares going ex-dividend tomorrow. 

REA Group Limited (ASX: REA)

Shares in ASX 200 market darling REA are set to trade without the company's final dividend on Thursday.

The online property business recently released its FY22 results, declaring a fully franked final dividend of 89 cents per share. This was a 24% increase on the final dividend declared in FY21.

Investors who own REA shares before the market closes tomorrow should see this final dividend land in their accounts in mid-September.

Adding in the company's interim dividend earlier in the year, REA shares currently trade on a dividend yield of 1.3%. With the benefit of franking credits, this bumps up to 1.8%.

JB Hi-Fi Limited (ASX: JBH)

ASX retailer JB Hi-Fi is another ASX 200 share going ex-dividend tomorrow.

The company recently declared a final fully franked dividend of $1.53, up 43% on the prior corresponding period.

If you own JB Hi-Fi shares before the closing bell tomorrow, you should see this dividend payment land in your account on 9 September.

This final dividend alone spins up a dividend yield of 3.5%. But throwing the company's interim dividend into the mix puts JB Hi-Fi shares on a sizeable trailing dividend yield of 7.3%. This grosses up to 10.4% including franking credits.

Deterra Royalties Ltd (ASX: DRR)

Last but not least, shares in mining royalties business Deterra will also be going ex-dividend on Thursday.

The ASX 200 share recently announced a final fully franked dividend of 22.08 cents per share, almost double the final dividend declared in FY21.

Shareholders on the company's registry by the time the market closes tomorrow will see this dividend payment come through on 21 September. 

Combined with its interim dividend, Deterra's total FY22 dividend payments add up to 33.76 cents per share, fully franked.

This puts Deterra shares on a trailing dividend yield of 7.5%, or 10.7% grossed up.

The post 3 ASX 200 shares going ex-dividend tomorrow appeared first on The Motley Fool Australia.