The S&P/ASX 200 Index (ASX: XJO) roared into the weekend today, surging 0.62% to finish at 7,558.1 points. That sees it within 1% of its all-time high and marks a 0.86% week-on-week gain.

Its gains came despite a poor performance from mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) tumbled 1.4% on Friday after iron ore futures slumped 0.9% overnight and gold futures dropped 0.6%.

Fortunately, it was the only sector to trade in the red today.

Leading the market's gains was the S&P/ASX 200 Healthcare Index (ASX: XHJ) and the S&P/ASX 200 Real Estate Index (ASX: XRE) – rising 2.5% and 2.4% respectively.

Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) followed the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) higher, lifting 0.6% following the Wall Street index's 3.2% overnight gain.

But with nearly all sectors trading higher today, which ASX 200 shares outperformed all others? Let's take a look.

Top 10 ASX 200 shares countdown

The biggest gainer on the ASX 200 today was Pinnacle Investment Management Group Ltd (ASX: PNI).

There was no news from the investment management company today. However, its stock tumbled 2.7% on the back of its first half earnings yesterday.

These shares made today's biggest gains:

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.

It was the final session before Christmas, and all through the bourse, ASX shares tumbled. The S&P/ASX 200 Index (ASX: XJO) plummeted 0.63% on Friday to close the week at 7,107.7 points. That marks a 0.57% week on week fall.

Today's slump followed a similarly dire session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) fell 1%, the S&P 500 Index (SP: .INX) dropped 1.5%, and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) plunged 2.2% amid the release of positive economic data.

The United States' gross domestic product rose to an annual rate of 3.2% in the third quarter, according to the third estimate from the Bureau of Economic Analysis. The findings sparked fears of further rate hikes, Reuters reports.

It's probably no surprise then that the rate-sensitive S&P/ASX 200 Information Technology Index (ASX: XIJ) led today's downturn. It fell 1.6% with Novonix Ltd (ASX: NVX) coming in as its worst performer.

The S&P/ASX 200 Energy Index (ASX: XEJ) also plunged 1.1% on the back of a rough night for oil prices. Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) outperformed all other sectors, gaining 0.2%.

Fortunately, however, not all ASX 200 shares were caught up in the sell off.

Top 10 ASX 200 shares countdown

The index's top performing share today was TPG Telecom Ltd (ASX: TPG). Its gains came amid a bullish brokers note tipping it to gain another 11% to trade at $5.50.

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.

The Growthpoint Properties Australia Ltd (ASX: GOZ) share price has been stuck in the mud today after the company released its FY22 results.

The ASX-listed real estate investment trust (REIT) is currently down 0.53% to $3.72. In comparison, the S&P/ASX 200 Index (ASX: XJO) is enjoying a day in the green, up 0.5%.

Let's review Growthpoint's FY22 results.

What did the company report?

These were the highlights of Growthpoint's full-year results for FY22:

• Revenue lifted by 5.9% to $311.5 million relative to FY21
• Net profit attributable to security holders fell 17% from $553.2 million to $459.2 million
• Distribution of 20.8 cents per share for the year, 4% higher than FY21
• Net tangible assets (NTA) per security went up by 9.4%
• The portfolio occupancy rate remained consistent at 97%

The increase in white-collar workers returning to the office meant rental income and other revenue from the office segment rose substantially.

Office revenue increased from $183.4 million in FY21 to $193.9 million in FY22.

Industrial revenue improved marginally with a $0.9 million uptick in FY22.

There was a strong property valuation uplift of 7.9% within the portfolio, which is currently valued at $5.4 billion.

The weighted average lease expiry (WALE) increased slightly from 6.2 years to 6.3 years.

Growthpoint secured more capital through refinancing $715 million of its debt facilities and entering into $350 million of new facilities to assist with strategic acquisitions this financial year.

What else happened?

In February 2022, Growthpoint extended its on-market buyback program for up to 2.5% of issued capital.

Growthpoint only acquired 499,458 securities (0.06% of issued capital) as the company's share price recovered for the majority of the financial year.

In early August, Growthpoint announced it had acquired Fortius Funds Management Pty Ltd, which is expected to be completed in the first quarter of FY23.

What did management say?

Commenting on the FY22 results, Growthpoint managing director Tim Collyer said:

We have a had a strong performance this year, delivering a robust set of results which reflects the successful execution of the Group's growth strategy and underlying strength of the business.

The Group's portfolio continues to be leased to predominantly government, listed or large organisations and has maintained its high occupancy of 97% and WALE of 6.3 years as at 30 June 2022.

Growthpoint successfully leased approximately 234,000 square metres of accommodation, with key leases signed or renewed with Samsung, Fox Sports, Scope and Bunnings in the office portfolio and Woolworths, Linfox and Eagers Automotive in the industrial portfolio.

Regarding the outlook for the company, Collyer said:

Going into FY23, Growthpoint is positioned to manage the business through a period of higher inflation and higher interest costs, with 61% of its debt fixed at 30 June 2022 and ample headroom to debt covenants.

The Group's gearing of 31.6% at 30 June 2022 remains below the target range of 35% to 45%, providing flexibility to invest in property or funds where we see value for security holders.

We intend to grow the recently announced funds management business, targeting 10% to 20% of Group EBIT, over the medium term delivering incremental growth to earnings and income stream diversification for security holders. Growthpoint remains committed to providing securityholders with sustainable income returns and capital appreciation over the long term.

What's next for Growthpoint?

Management noted the changing environment has made it a challenging period for the Australian REIT sector.

There are concerns over the potential impact of further central bank rate rises, increasing interest costs, and higher inflation.

The company believes its industrial and metropolitan office properties will provide a resilient foundation for the group.

Growthpoint provided guidance for funds from operations of between 25 cents per share and 26 cents per share compared to 27.7 cents per share in FY22.

As for FY23 distribution, Growthpoint expects this to be 21.4 cents per share. This is premised on an average FY23 floating cash rate of 2.8%.

Growthpoint share price snapshot

The Growthpoint share price has fallen almost 8% in the past six months and by a similar amount in the past year. However, it is up by 3% over the past month.

In comparison, the ASX 200 has slipped more than 6% in the last year but has improved in the past six months, posting a drop of 2.50%.

The post Growthpoint share price lags ASX 200 despite 'strong performance' in FY22 appeared first on The Motley Fool Australia.

S&P/ASX 200 Index (ASX: XJO) shares tumbled towards the week's end today, with the materials sector leading the downturn. The index closed 0.68% lower at 6,605.60 points.

It followed a rough session on Wall Street overnight. The S&P 500 Index (SP: .INX) slumped 0.3% in Thursday's session overseas while the Dow Jones Industrial Average Index (DJX: .DJI) fell 0.46%. Meanwhile, the Nasdaq Composite (NASDAQ: .IXIC) posted a slight gain of 0.03%.

The S&P/ASX 200 Materials Index (ASX: XMJ) plunged more than 3% on Friday, driven lower by commodity prices and quarterly earnings from Rio Tinto Limited (ASX: RIO).  

Most base metals fell overnight. The price of nickel led the fall, slipping 8.3%, while gold futures fell 1.7% to US$1,705.80. Iron ore futures also disappointed, posting a 4.8% tumble to US$104.96.

Today wasn't all dire, however. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) recorded a gain of around 1%.

At the end of today's session, five of the ASX 200's 11 sectors were in the green.

So, which ASX shares defied the downturn to post the biggest gains on Friday? Read on to find out.

Top 10 ASX shares countdown

The best performing share of the ASX's 200 biggest companies by market capitalisation was none other than Genesis Energy Ltd (ASX: GNE).

The ASX-listed New Zealand electricity generator's shares lifted around 4% on Friday. Take a look at what the company's been up to here.

Today's top 10 biggest gains were made by these ASX shares:

Data as at 4.30pm AEST.

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

The Growthpoint Properties Australia Ltd (ASX: GOZ) share price is on the rise today. At the time of writing, shares in the real estate investment trust (REIT) are trading for $3.94 – up 1.03%. Earlier in the day, Growthpoint shares were trading as high as $4.11, smashing their 52-week record. For context, the S&P/ASX 200 Index is currently down 0.16%.

The company's price rise comes as it declared "significant valuation gains" across its property portfolio.

Let's take a closer look at today's announcement.

Why the Growthpoint share price is up

In a statement to the ASX, Growthpoint Properties said that 44 of its 55 properties have been reappraised and are now worth an extra $251 million, or a 7.7% increase. The REIT estimates this will add 33 cents per security in its tangible assets.

Growthpoint claims external evaluators reassessed both its industrial and office properties and found both were more valuable than previously thought. It says its industrial properties are now worth 10.9% more to $1.5 billion and its offices are worth 5.4% more to $1.94 billion. The weighted average capitalisation rate of its industrial properties fell to 5.2%.

Growthpoint stressed the valuations are subject to "finalisation and audit" and could be further changed, either positively or negatively. The new valuations also assume no material changes to market conditions before the end of the financial year. Investors, however, still seem to be keen on the REIT regardless, judging by the Growthpoint share price action today.

Management commentary

Timothy Collyer, Growthpoint Managing Director, said:

The preliminary results of Growthpoint's external valuations indicate the largest six-month increase on a like-for-like basis in the Group's history.

The significant uplift reflects the substantial re-rating that has occurred across the industrial sector, driven by continued strong domestic and offshore investors' demand for industrial assets, as well as leasing success across both our office and industrial portfolios.

We remain focused on actively managing our assets to ensure we maximise the portfolio's value for our Securityholders.

Growthpoint share price snapshot

Over the past 12 months, the Growthpoint share price has increased by 19.8%. During the COVID-19 market sell-off of March 2020, the company's value haemorrhaged 44.8% in the space of just 19 days! Despite today's unambiguously good news, the REIT's securities have still not returned to their pre-pandemic prices. Growthpoint Properties has a market capitalisation of approximately $3 billion.

The post Why the Growthpoint (ASX:GOZ) share price just smashed a 52-week record appeared first on The Motley Fool Australia.

There are a handful of S&P/ASX 200 Index (ASX: XJO) shares that offer investors fairly high dividend yields.

Not every business is going to pay a large dividend. But a combination of a high payout ratio and satisfactory valuation means the below ASX 200 dividend shares offer juicy yields:

Growthpoint Properties Australia Ltd (ASX: GOZ)

This real estate investment trust (REIT) invests in properties, namely in the industrial and office properties across Australia. Not only does the REIT look to meet tenant needs now and in the future, but it also looks to operate in a sustainable way whilst reducing the impact on the environment.

Growthpoint has a total property portfolio value of around $4.3 billion, with a weighted average lease expiry (WALE) of 6.2 years, which provides a relatively long-term outlook for rental income.

It's currently rated as a buy by the broker Credit Suisse. The broker expects Growthpoint will pay a distribution of 20 cents per unit in FY21, which equates to a distribution yield of 5.7%. This is also what management have guided.

The ASX 200 dividend share has a weighted average capitalisation rate of 5.5%, with a portfolio occupancy of 95%.

Growthpoint managed to generate 0.8% funds from operation (FFO) – rental profit – per security growth to 12.7 cents, with an increase of the net tangible assets (NTA) per security of 4.7% to $3.82. That means the current share price is at an 8% discount to the NTA.

Its gearing reduced to 29.9% in the recent result, well below the target range of 35% to 45%.

In FY21, Growthpoint is expecting to generate FFO per security of between 25.2 cents to 25.5 cents.

Magellan Financial Group Ltd (ASX: MFG)

Magellan is a fund manager that's currently rated as a buy by the broker Morgans, with a price target of $58.26.

The manager's key equity strategy has been struggling and underperforming the global benchmark in recent months. However, that could reverse with the US tech share's strength in recent days and weeks.

Despite those difficulties, Magellan managed to report a 9% increase in its half-year average funds under management (FUM) to $100.9 billion. This led to an 8% rise in profit before tax and performance fees of the funds management business to $256.2 million, whilst net profit after tax (NPAT) grew 3% to $202.3 million.

The ASX 200 dividend share declared a 5% increase of the interim dividend to 97.1 cents per share.

Magellan CEO Brett Cairns noted a number of things that the company has done:

Magellan had a busy first half with the completion of a number of important initiatives including the restructure of our global equities retail funds, the launch of the Magellan Sustainable Fund and the MFG Core Series and principal investments we made in Barrenjoey Capital Partners, FinClear Holdings Limited and Guzman y Gomez.

Morgans is expecting Magellan to pay a dividend of $2.06 per share in FY21, which equates to a partially franked dividend yield of 4.3%.

The post 2 ASX 200 dividend shares with large yields appeared first on The Motley Fool Australia.

There are quite a few ASX dividend shares that brokers rate as buys at the moment.

Good dividend income is in high demand with how low interest rates are right now. Indeed, the official cash rate of the Reserve Bank of Australia (RBA) is almost at 0%.

ASX dividend shares could be the answer, but there are only a certain number that are worth buying according to those brokers.

Here are two of them:

Growthpoint Properties Australia Ltd (ASX: GOZ)

Broker Credit Suisse currently rates Growthpoint as a buy, with a share price target of $3.54 for the property business.

Growthpoint has a portfolio of 57 properties which is valued at more than $4 billion. Those buildings are either industrial or office properties. The overall portfolio has a weighted average capitalisation rate of 5.5%, with a weighted average lease expiry (WALE) of 6.2 years.

The ASX dividend share's portfolio has an occupancy rate of 95%, up from 93% to 30 June 2020. Around 97% of the portfolio is leased to government, listed or large organisations. Some of those tenants include Woolworths Group Ltd (ASX: WOW), Linfox, the Australian government, Bank of Queensland Limited (ASX: BOQ), Samsung, Australian and New Zealand Banking Group Ltd (ASX: ANZ), Country Road Group and Wesfarmers Ltd's (ASX: WES) Bunnings.

Its net tangible assets (NTA) is $3.82, which means the last closing Growthpoint share price was at a 15% discount. It announced a buyback to buy up to 2.5% of its issued capital to benefit the funds from operations (FFO) and NTA per security.

In FY21 it's expecting to generate FFO per security of 25.2 cents to 25.5 cents. Its FY21 distribution guidance is 20 cents, which is a FY21 yield of 6.1%.

Adairs Ltd (ASX: ADH)

Adairs is a home furnishings ASX dividend share. It's currently rated as a buy by Ord Minnett with a price target of $4.50.

The broker is attracted to Adairs by its e-commerce growth, improvements to its stores and the growing presence of Mocka.

Adairs reported strong double digit growth in the first half of FY21 with sales growth of 34.8% and like for like sales growth of 32.4%. Online sales jumped 163.2% to $90.2 million with COVID-19 impacts, representing 37% of group sales. The last twelve months of online sales amounted to $180.2 million, being 37% of total sales. It also has over 900,000 people in its membership programme.

The gross profit margin increased by 545 basis points to 66.1%, which helped underlying earnings before interest and tax (EBIT) grow by 166% to $60.2 million. The EBIT margin almost doubled year on year to 24.8%.

Adairs has a number of initiatives to drive the business further. It's investing in its digital channel. The ASX dividend share thinks that there's a good opportunity for Mocka in Australia as brand awareness grows – it only has a small market share, for now.

Looking at its stores, it wants to make its stores bigger, which could increase the profit contribution from its stores by more than half.

It's also building a new DHL-operated national distribution centre in Melbourne, which is expected to be operational in the first quarter of FY22. This will generate savings of $3.5 million per annum once fully operational.

In the first seven weeks of the second half FY21, it had grown total sales by 25%, with Adairs online sales growing by 65.9%. It expects to open one or two net new stores and upsize three or four stores across ANZ in the second half of FY21.

Ord Minnett thinks that Adairs will pay a dividend of $0.28 per share in FY21, translating to a grossed-up dividend yield of 10.9%.

The post Brokers rate these 2 ASX dividend shares as buys appeared first on The Motley Fool Australia.

The Growthpoint Properties Australia Ltd (ASX: GOZ) share price is rising today off the back of increased half-yearly net profit after tax and an announced share buyback.

At the time of writing, the Growthpoint share price is up 2.45% to $3.14 per share.

What did Growthpoint report?

The real estate investment trust (REIT) announced a net profit after tax of $205.8 million for the six months ending 31 December 2020. In the previous corresponding period (pcp) net profits were $202 million – a 1.9% increase.

The company also announced funds from operation of 12.7 cents per share, which is a 0.8% increase on the pcp. Growthpoint's net tangible assets per share rose 4.7% from 30 June 2020 to $3.82 

Growthpoint's operations are divided across 2 property sectors: office and industrial. The group reported the value of its industrial portfolio increased by $50.2 million or 3.9% on a like-for-like basis. The value of its office portfolio also increased across the half — lifting by $82.6 million or 2.9% on a like-for-like basis. The total value of the company's property portfolio is $4.3 billion, a 2.4% increase on 30 June 2020.

Within the office portfolio, Growthpoint signed 16 lease agreements during the half. These agreements included a 10-year lease with home improvement retailing behemoth Bunnings Group, which is wholly owned by Wesfarmers Ltd (ASX: WES).

The company's weighted average lease expiry remained steady on 30 June 2020 numbers at 6.2 years.

The company also announced it would pay a dividend of 10 cents per share – down 15.3% on the pcp.

Words from the managing director

Timothy Collyer, managing director of Growthpoint, gave the following statements about today's announcement:

Growthpoint has delivered strong results this half. While the COVID-19 pandemic continues to have a profound impact on individuals and businesses around the world, the direct impact on our business to date has been relatively immaterial.

The pandemic has highlighted the resilient nature of our property portfolio and strong tenant base. Since the Group's inception, we have focused on constructing a portfolio of high-quality metropolitan office and industrial properties.

Collyer added:

We built upon our robust capital position during the half, extending two debt facilities and now have no debt maturing until December 2022. As the Group could deploy more than $400 million of undrawn debt capacity and still be at the bottom of our gearing range, we are well positioned to capitalise on opportunities in the near term.

COVID-19's impact on the construction and office leasing industries

According to the Australian Bureau of Statistics, the value of non-residential work done in the September 2020 quarter fell 6.7% compared to the September 2019 quarter. Much of the fall is largely attributed to the COVID-19 pandemic and government restrictions, with Victoria's stringent lockdown weighing especially hard on the construction industry.

While Growthpoint's managing director stated COVID had a "relatively immaterial" impact on business, the company's results announcement did highlight the pandemic's impact on its office portfolio:

The COVID-19 pandemic has had a significant impact on the office sector. While the long-term impact of the pandemic is still unclear, many businesses have been reluctant to make significant decisions about headcount and office requirements. As a result, a relatively small number of leasing deals transacted in 1H21.

The company added, "Vacancy has risen in most markets, driven by an increase in available sub-lease space, reflecting a weaker operating environment for some businesses, as well as an increase in supply."

Growthpoint share price snapshot

The construction company's ability to increase profits during a difficult period has been well received by the market, with a share price jump of more than 2% in today's trade.

Across the past year, the Growthpoint share price is down 26%, giving the company a current market capitalisation of $2.36 billion.

The post Growthpoint Properties (ASX:GOZ) share price rises on increased profits and buyback appeared first on The Motley Fool Australia.

It was a disappointing finish to the year for the S&P/ASX 200 Index (ASX: XJO). The benchmark index fell 1.2% over the shortened week to end at 6,587.1 points.

Four shares that fell more than most are listed below. Here's why they were the worst performers on the index last week:

Growthpoint Properties Australia Ltd (ASX: GOZ)

The Growthpoint Properties Australia share price was the worst performer on the ASX 200 last week with a 5.4% decline. This was driven by the property company's shares trading ex-dividend for its interim dividend. For the same reason, APA Group (ASX: APA), Mirvac Group (ASX: MGR), Stockland Corporation Ltd (ASX: SGP), and Vicinity Centres (ASX: VCX) shares tumbled lower last week.

GUD Holdings Limited (ASX: GUD)

The GUD share price was out of form last week and dropped 4.2% lower over the shortened week. On Friday the automotive and water products company completed the acquisition of the ACAD business from AMA Group Ltd (ASX: AMA) for $70 million. This excludes the ACM Auto Parts and Fluiddrive businesses. Given that its shares have underperformed since announcing the deal, investors may not be overly convinced with the purchase.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price wasn't far behind with a 3.7% decline. The insurance giant's shares have come under pressure recently after it provided its guidance for FY 2020. QBE expects to report an adjusted net cash loss after tax of approximately $780 million. This includes a pre-tax impact of $470 million from COVID-19 costs. There are also additional claims from trade credit, lenders' mortgage insurance, casualty classes and business interruption.

Bingo Industries Ltd (ASX: BIN)

The Bingo share price lost 3.6% of its value last week. While there was no news out of the waste management company last week, there had been speculation that it was a takeover target for private equity firms. However, with no bid forthcoming, some investors may have been selling its shares.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

At lunch on Wednesday the S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and is dropping lower. The benchmark index is currently down 0.8% to 6,644.4 points.

Here's what has been happening on the market today:

Bank shares drop lower.

The big four banks are giving back Tuesday's gains and are weighing on the ASX 200 today. While all the banks are trading lower, the worst performer in the group is the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price. The bank's shares are currently down 0.85%.

Tech shares under pressure.

The shares of Afterpay Ltd (ASX: APT) and Altium Limited (ASX: ALU) are out of form on Wednesday and are trading notably lower. This has led to the  S&P ASX All Technology Index (ASX: XTX) losing 1.3% of its value today. Investors have been selling tech shares after a pullback on the technology-focused Nasdaq index overnight. The famous index recorded a 0.4% decline on Tuesday night.

Property shares tumble.

The property sector is under pressure today and is a sea of red. However, this is predominantly due to a large group of property shares trading ex-dividend this morning for their next payouts. Among the companies trading ex-dividend are the likes of BWP Trust (ASX: BWP), Charter Hall Group (ASX: CHC), and DEXUS Property Group (ASX: DXS).

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Wednesday has been the Sims Ltd (ASX: SGM) share price with a 2% gain on no news. The worst performer has been the Growthpoint Properties Australia Ltd (ASX: GOZ) share price with a 4% decline. This morning the property company's shares traded ex-dividend for its upcoming 10 cents per share interim dividend. This will be paid to eligible shareholders on 26 February.

The post ASX 200 down 0.8%: Big four banks and tech shares drag the market lower appeared first on The Motley Fool Australia.

Some investors may be turning to ASX dividend shares to boost their income in this era of very low interest rates.

The Reserve Bank of Australia (RBA) has pushed the official interest rate to almost 0%. But ASX dividend shares are known for offering higher yields than bank accounts.

Here are three examples of businesses that have dividend yields of 5% or more:

Magellan Financial Group Ltd (ASX: MFG)

This is a funds management business which has billionaire Hamish Douglass at the helm as both the chair and chief investment officer (CIO).

The Magellan share price has risen by around 140% since the start of 2019, which was comfortably higher than the return of the S&P/ASX 200 Index (ASX: XJO).

In FY20 it paid a total annual dividend of 214.9 cents per share which, when franking credits are included, amounts to a grossed-up dividend yield of just over 5%. That dividend was 16% higher than what was paid in FY19.

Magellan has a high dividend payout ratio, which contributes to its dividend yield being more than 5%. It generated diluted earnings per share (EPS) of 218.3 cents, meaning that Magellan's payout ratio was 98.4%.

In FY20 its average funds under management (FUM) was up 26% to $95.5 billion. Magellan's FUM at the end of September 2020 was 7% higher than the FY20 average at just over $102 billion.

The fund manager also recently invested in a new investment bank called Barrenjoey.  

Growthpoint Properties Australia Ltd (ASX: GOZ)

Growthpoint Properties is an ASX real estate investment trust (REIT) which invests in "high-quality industrial and office properties across Australia."

The REIT recently gave an update for the first quarter of FY21. It said that its weighted average lease expiry (WALE) increase to 6.4 years and the portfolio occupancy increased to 96%.

Growthpoint revealed that billings remained "strong" with more than 99% of FY21 first quarter total billings collected to date.

Management boasted of having a robust balance sheet, with gearing of 32.2% well below its target range.

Growthpoint Properties' FY21 distribution guidance was reaffirmed at 20 cents per share, which equates to a distribution yield of 5.6% for the ASX dividend share.

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is the third ASX dividend share example in this article.

The electronics retailer has increased its dividend every year in a row going back several years.

JB Hi-Fi's growth has accelerated during the COVID-19 period. In FY20 it generated total sales growth of 11.6%, underlying earnings before interest and tax (EBIT) and underlying net profit after tax (NPAT) grew by 33.2%. Underlying EPS went up 33.2% to 289.6 cents.

The profit growth assisted the ASX dividend share's annual FY20 dividend growth of 33.1% to 189 cents.

JB Hi-Fi has recently delivered a FY21 first quarter sales update. It said that in the three months to 30 September 2020, JB Hi-Fi Australia total sales growth was 27.3% with comparable sales growth of 27.6%.

JB Hi-Fi New Zealand total sales declined by 2.5% with a comparable sales decline of 2.5%.

The Good Guys also reported that its total sales grew by 30.9% with comparable sales growth of 30.9%.

The electronics retailer announced that with the lifting of the Victorian Government's stage 4 restrictions, 46 JB Hi-Fi stores and 21 The Good Guys stores have all reopened on 28 October 2020.

At the time of the first quarter update, JB Hi-Fi CEO Richard Murray said: "Our online businesses have continued to scale and meet the needs of our customers in a period where restrictions have impacted their ability to visit our stores. This online growth combined with continued sales momentum in stores across the rest of Australia, has resulted in a strong start to FY21 and positions us well as we enter the key Christmas trading period."

Using the current JB Hi-Fi share price, it has a trailing grossed-up dividend yield of 5.6%.

The post 3 ASX dividend shares with yields above 5% appeared first on The Motley Fool Australia.

At lunch on Thursday the S&P/ASX 200 Index (ASX: XJO) is on course to continue its excellent winning run. The benchmark index is up 0.9% to 6,090.5 points.

Here's what has been happening on the market today:

Big four banks push higher again.

It has been another positive day for the big four banks on Thursday. At lunch, all four are pushing higher, with Westpac Banking Corp (ASX: WBC) shares leading the way with a gain of almost 1.5%. Investors have been buying the banking giant's shares this week after analysts at Macquarie upgraded them from neutral to an outperform rating.

CSL COVID-19 vaccine update.

The CSL Limited (ASX: CSL) share price is on the rise today after providing a further update on its COVID-19 vaccine plans. The biotherapeutics company has signed a final agreement with the Commonwealth of Australia for the supply of 51 million doses of the University of Queensland-CSL COVID-19 vaccine candidate (V451), should clinical trials be successful. Subject to progress in the current Phase 1 study, the first subject for the Phase 2b/3 is expected be enrolled in December 2020. After which, it is aiming to complete its recruitment by March 2021.

Transurban AGM.

The Transurban Group (ASX: TCL) share price is dropping lower on Thursday after providing its annual general meeting update. Although the toll road operator revealed a meaningful improvement in its traffic volumes, it appears as though the market was expecting even better. The company also revealed that it is looking for equity partners for its Greater Washington Area assets. It expects this to release significant capital into the business.

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Thursday has been the Zip Co Ltd (ASX: Z1P) share price with a 7% gain. This follows the release of a positive third quarter update from one of its rivals. The worst performer on the index has been the Growthpoint Properties Australia Ltd (ASX: GOZ) share price with a 2% decline. This is despite there being no news out of the property company today.

The post ASX 200 up 0.8%: Big four banks higher, CSL rises on vaccine update, Zip rockets appeared first on The Motley Fool Australia.

The Growthpoint Properties Australia Ltd (ASX: GOZ) share price has risen by 1.4% in trading so far today, following the release of its full year financial results.

Growthpoint is a real estate investment trust (REIT) which owns and actively manages a portfolio of industrial and office properties across Australia.

Profit down for the full year

Growthpoint's statutory profit after tax dropped to $272.1 million, down from $375.3 million in the prior financial year. This was mainly due to a lower net gain in the first half of FY 2020. Growthpoint revealed funds from operation (FFO) per security of 25.6 cents per security (cps). This was a slight 2% increase on the prior corresponding period (pcp).

However, the property group's FY 2020 distribution came in at 21.8 cps, a decline of 5.2%. The group reduced the distribution as a precautionary measure due to the uncertainty about the wider industry impact of the coronavirus pandemic.

Growthpoint noted that it had a strong balance and its gearing was currently well below target range. It has also no debt on its books maturing until FY 2022. The company entered into a new $100 million debt facility back in May. This means that the group currently has on its balance sheet undrawn debt lines of $360 million and $43 million of cash.

Strategic achievements during FY 2020

During FY 2020, Growthpoint was able to complete 2 major projects.  In February, the group reached completion on a new A grade office building, named Botanicca. During June, it completed the expansion of its distribution centre in Gepps Cross. Retail giant Woolworth has now started a 15-year lease extension on the property. Both projects were completed ahead of schedule and on budget.

Property portfolio re-evaluated

Growthpoint's property portfolio was re-evaluated at the end of the financial year to total $4.2 billion. This was  5.0% higher than the valuation done 12 months prior. The group noted that the value of the portfolio did not significantly change during second half of the year.

Growthpoint managing director Timothy Collyer said the group's earnings had not been materially impacted by the COVID-19 pandemic to date. In addition, Growthpoint delivered FFO of 25.6 cps in FY20, which was ahead of the group's withdrawn guidance.  

"This reflects our disciplined approach to portfolio construction over a number of years. We have invested in modern, high-quality office and industrial properties. We have also carefully selected our tenants, favouring large companies and government," Mr Collyer said.

What's ahead for the Growthpoint share price

At this stage it's unclear what the future holds for the Growthpoint share price in FY 2021. The group acknowledged that a high level of uncertainty remains for FY 2021 with regards to its ongoing operations. This is due to the continuing impact of the coronavirus pandemic. Consequently, the group has decided not to provide FFO guidance for FY 2021.

However, it has revealed FY 2021 distribution guidance of 20.0 cps for FY 2021. The company anticipates that this distribution will be to be paid in equal half-yearly instalments.

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ASX investors will have an opportunity to regain some of the lost ground from the 2020 financial year with leading brokers naming the latest ASX stocks to buy.

While S&P/ASX 200 Index (Index:^AXJO) rallied 1.4% today, it closed off FY20 with an 11.3% loss due to the COVID-19 meltdown.

The market is likely to remain volatile and unpredictable as we enter FY21 but there are a number of stocks that look well placed to outperform, according to brokers.

Steel prices to strengthen

One to watch is the BlueScope Steel Limited (ASX: BSL) share price with Macquarie Group Ltd (ASX: MQG) reiterating its "outperform" recommendation on the stock.

The coronavirus-induced economic shutdown is hurting the steel industry, but there's precisely why the broker likes BlueScope, which owns North Star in the US.

"Production in the Great Lakes region of the US has stepped down meaningfully (from ~700ktpw to ~400ktpw), which should aid North Star's position," said the broker.

"A gradual restart could present some risks to price progression, but on the whole, we expect steel prices to trend higher from here."

The broker is also expecting more Australian government stimulus for the housing market, which will support BlueScope's local operations.

Macquarie's 12-month price target on BlueScope is $12.20 a share.

Lottery upgrade

Another stock that might be worth considering is the Jumbo Interactive Ltd (ASX: JIN) share price after its big two-day slump.

Investors took a dim view of its renegotiated lottery reseller deal with Tabcorp Holdings Limited (ASX: TAH), but Morgans isn't put off.

In fact, the broker upgraded the stock to "add" from "hold" with a 12-month price target of $11.58 a share.

"We believe the extension of the agreement with TAH is positive for JIN and provides the group with certainty as a reseller of national games and allows it to focus on growing the Powered By Jumbo (SaaS) business," said Morgans.

Defensive properties

Meanwhile, COVID-19 hit Growthpoint Properties Australia Ltd (ASX: GOZ) might be another to add to your shopping list.

Credit Suisse restated its "outperform" call on the industrial and office landlord as it hasn't been materially hit by the pandemic.

Rent collection in April, May and June have been relatively high and the group is anticipating collections to increase for May and June as rent relief negotiations are finalised.

"While total billings do not include rent waived for small and medium enterprise (SME) tenants, GOZ indicated the total amount of rent waived over the 3-month period is less than A$1mn," said the broker.

"Despite a challenging (and uncertain) economic climate, we see a degree of defensiveness over GOZ's earnings."

Growthpoint is trading at a more than 11% discount to its net tangible asset (NTA) value and is sitting on a dividend yield of around 7%.

Credit Suisse's price target on the stock is $3.34 a share.

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

The Pushpay Holdings Ltd (ASX: PPH) share price hit a record high during lunch time trade and it could potentially go higher, according to Credit Suisse.

Shares in the donor management system provider has already surged by 50% since the start of the year, but its latest profit result convinced Credit Suisse to upgrade the stock to "outperform" from "neutral".

While the earnings numbers were impressive, the real standout was the accelerated shift to digital transactions over the last six weeks – and shareholders have the COVID-19 pandemic to thank for this.

Surge in subscribers

"We had assumed a strong uplift in digital giving over FY21, but the transition is clearly running well ahead of that," said Credit Suisse.

"PPH has only provided FY21E guidance for EBITDAF [earnings before interest, tax, depreciation, amortisation and fair value adjustments].

"However, the implied processing volumes for the year of ~US$6.8bn is a level we previously expected would take until FY22E to reach."

Looking less risky

The company's latest report card also eased two key concerns that the broker held. These were slowing customer growth and processing margin risk.

The structural change to digital payments due to coronavirus took care of the first worry and the rapidly growing customer base will help address the second concern.

"Processing margin compression remains a key concern over the longer term," said the broker.

"However, the added scale of the group offsets some of that risk, with PPH's operating leverage expected to yield strong growth over the mid-term."

Pushpay is listed on the ASX and the New Zealand Stock Exchange. Credit Suisse's price target on the NZ-listed stock is NZ$6.54 a share.

On the A-REIT list

But Credit Suisse isn't stopping there. The broker also upgraded Growthpoint Properties Australia Ltd (ASX: GOZ) to "outperform" from "neutral" following its March update.

Australian property trusts have lost favour with investors during this COVID-19 crisis and its commercial property that is particularly hard hit. The forced closing of businesses to stem the spread of the virus triggered a wave of rent relief demands.

But Growthpoint is more insulated from this headwind than its peers.

Attractive properties

"We note government tenants contribute 24% of income, listed entities 57%, large private companies 15% with small to medium enterprises (SME's) only 4%," said the broker.

"Despite a 31% portfolio weighting to the Industrial sector, we think the share price is being impacted by market concerns over its weighting to Office (69%) and possibly its gearing."

But Credit Suisse doesn't think the property trust will need to raise capital as it can conserve cash by cutting capital expenditure or even its dividend.

The stock is trading at around a 20% discount to its net tangible asset value and the broker's price target on the stock is $3.15 a share.

The post Top broker just upgraded Pushpay and this other ASX stock to "buy" appeared first on The Motley Fool Australia.

Last week, the S&P/ASX 200 Index (ASX: XJO) managed its first week of overall gains since the start of this ASX stock market crash and indeed since 2011. It's a striking statistic and one that might give battered Aussie investors out there some much-needed optimism after 7 weeks of brutal falls. However, it wasn't enough to stop markets recording the worst quarter since the 1987 stock market crash.

The ASX 200 started the week at 4,842.4 points. On Friday, we finished the week at 5,067.5 points – marking last week's total gain at a healthy 4.6%. It could have been a lot better too. Monday and Tuesday were both days where some heavy buying pressure lifted the ASX 200 considerably – topping out at 5,365 points around lunchtime on Tuesday.

This was led by the big ASX banks like Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC), which saw considerable gains on Tuesday before reports over their dividend safety surfaced to ruin the party. Europe has ordered banking companies to suspend their dividend payments in light of the ongoing economic uncertainty, a call that was echoed by the New Zealand government as well.

With both of these stories coming to light, there are now fresh doubts over the ability of CBA, Westpac and the other major banks to pay the substantial dividends in 2020 that investors are accustomed to from the big four.

How did the markets end the week?

Combining the unappealing concept of bank dividend cuts with continuing uncertainty over the coronavirus outbreak and spread, ongoing economic shutdowns and social unrest, the optimism investors were feeling on Tuesday ended up somewhat dampened by Friday.

In the end, the still-respectable 4.6% gain for the ASX 200 for the week was where the consensus ended up. Friday saw the worst day of the week, with a 1.7% loss, while Monday was the best day with a 4.31% gain.

While the ASX 200 recorded a 4.6% gain for the week, the ALL ORDINARIES (ASX: XAO) also had a strong 5 days, rising from 4,874 points to 5,106 to bank a 4.76% gain.

Which ASX shares were the biggest winners and losers?

We had a mixed bag of winners and losers on the markets last week. Let's get the bad news out of the way first and examine the top 5 losers on Friday:

Leading Friday's losers was AP Eagers – a car dealership operator with a share price that has been hit especially hard in this market crash. AP Eagers shares are currently trading at levels not seen since 2012 after falling more than 60% since January. Last week, investors were actually bidding up AP Eagers shares on speculation that the company could be a takeover target for conglomerate Wesfarmers Ltd (ASX: WES). Friday's moves can probably be put down to this speculation cooling off somewhat.

Also noteworthy in this list is AMP. AMP shares remain at all-time lows with last week's 9.02% slump, which occurred despite no major news from the financial giant. Even though the AMP share price isn't yet back to its record low of $1.08 that was seen on 24 March, it's been a brutal slump for the once-proud Australian company during this market crash.

Now that we've taken a look at the bad, lets examine the stocks that were the best performers last Friday:

The biggest winner last week was iron mining giant Fortescue Metals with a near 6% rise. Fortescue has been a veritable island of safety for ASX investors during this market crash. Fortescue shares have only fallen 6.9% since mid-February based on Friday's closing price. That compares quite favourably to the ASX 200's 29% drop during the same period. The iron ore price has held up remarkably well during this bear market whilst the Australian dollar has dropped significantly, which explains why investors remain bullish on Fortescue.

It also might provide an explanation as to why mining services provider NRW Holdings was also a winner on the ASX last week.

Meanwhile, Treasury Wines was also a late beneficiary on Friday, after investors forgave the company somewhat after a class-action lawsuit against the company was announced the previous day.

What is this week looking like for the ASX?

As has become common during this crazy time, it's very hard to predict what the coming week will look like, apart from declaring the obvious: anything can happen in this current climate.

As with last week, a noteworthy item of interest will be government responses to the ongoing coronavirus pandemic. Previously announced stimulus packages have gone a long way in easing market pessimism, and so this continues to be an important space to watch. This also extends to the US, where pressures from the virus remain at a far more critical juncture than here in Australia.

Another event to keep a close eye on this week will be the meeting of the Reserve Bank of Australia (RBA) on Tuesday. The RBA has already cut interest rates to a record low of 0.25% in an emergency meeting last month, but this month's scheduled gathering might well result in Australia having an official interest rate of zero for the first time in our history.

Before we go, here is how the major ASX blue-chips are looking as we start a new week afresh:

And finally, here is the lay of the land for some leading economic and market indicators:

• S&P/ASX 200 (XJO) at 5,067.5 points
• ALL ORDINARIES (XAO) at 5,106.9 points
• Dow Jones Industrial Average at 21,052.53 points
• Gold (Spot) is swapping hands for US$1,616.40 per troy ounce
• Iron ore is asking US$82.2 a tonne
• Brent crude oil is trading at US$34.11 a barrel
• Australian dollar buying 60 US cents

Foolish takeaway

It remains a scary, unpredictable and unprecedented time to be an investor in Australian shares. I firmly think that sticking to the fundamentals that form the Foolish way of thinking and investing are a great light to guide us through this crisis and towards the other side – which we draw closer to with every day that goes past.

From all of us here at the Motley Fool – stay safe, stay rational and stay Foolish!

As of 17/3/2020

Sebastian Bowen owns shares of National Australia Bank Limited, Newcrest Mining Limited, and Telstra Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Bapcor, Macquarie Group Limited, Sydney Airport Holdings Limited, Telstra Limited, Transurban Group, and Treasury Wine Estates Limited. The Motley Fool Australia owns shares of National Australia Bank Limited and Wesfarmers Limited. The Motley Fool Australia has recommended Sky City Entertainment Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post ASX 200 Weekly Wrap: ASX records best week since 2011 appeared first on The Motley Fool Australia.

I think that ASX dividend shares are now the only answer for people looking for income.

The Reserve Bank of Australia (RBA) just cut interest rates again to 0.25%. Is that good news? It's probably not a good sign that the RBA needed to do it. The RBA is doing what it can to help the economy.

For borrowers it's a good thing that the interest rate is lower. It means people don't have to pay as much to the bank.

But for people relying on income, that income has almost evaporated. Earning 0.25% from the bank isn't going to be much use.

Property has low yields on offer and tenants may be less reliable during times like this.

Why ASX dividend shares are the only answer

With the interest rate so low, it's clear that the attractiveness of ASX dividend shares is higher – particularly with how much share prices have gone down (and how much yields have risen).

There are some dividend shares I wouldn't be so confident about them maintaining their dividends like Commonwealth Bank of Australia (ASX: CBA), Woodside Petroleum Limited (ASX: WPL) and BHP Group Ltd (ASX: BHP).

However, there are several dividend shares with solid histories:

APA Group (ASX: APA) has a distribution yield of 5%.

Rural Funds Group (ASX: RFF) has a FY21 distribution yield of 5.9%.

Growthpoint Properties Australia Ltd (ASX: GOZ) has a distribution yield of 8.75%.

Brickworks Limited (ASX: BKW) has a grossed-up dividend yield of 5.1%.

Ramsay Health Care Limited (ASX: RHC) has a grossed-up dividend yield of 4%.

Foolish takeaway

Plenty of dividend shares still offer a solid income stream, as long as you invest in the right places for income payments.

The post ASX dividend shares are the only answer for income needs appeared first on The Motley Fool Australia.

I think that dividends are wonderful, particularly when share markets are going lower during a bear market.

Shares are meant to go up and down over the short-term. Every day there are different buyers and sellers of shares who have different views about the value of a business and different needs – someone may need to sell a share as soon as possible.

At the moment the share market is down quite heavily since 21 February 2020. The S&P/ASX 200 Index (ASX: XJO) is down by just over 30%.

Dividends can cushion the blow

If the share market were to fall 30% over a 12 month period, the dividends could reduce that total return fall by a few percent, plus the franking credits.

Indeed, if you think long-term and don't sell out of fear, the only thing that's happened is that your investment has paid you dividend cash during that time. If the market recovers in a year or two, then the paper loss will have evaporated, you'll be sitting on gains and you'll have received dividends during that time.

That's the great thing about dividends. Companies continue to pay dividends, assuming they keep making profits. And most companies do. Even if profits halve, they're still making a good amount of profit.

Some shares have already predicted that their income payments to shareholders can continue as normal during this time, like Rural Funds Group (ASX: RFF).

There are several shares on the ASX that have increased their dividends for many years in a row which are unlikely to stop that record any time soon such as Ramsay Health Care Limited (ASX: RHC), APA Group (ASX: APA) and Growthpoint Properties Australia Ltd (ASX: GOZ).

According to previous studies, dividends can make up to 50% of long-term compounding returns. They're very important. Dividends are a great way to be rewarded simply for holding shares.

The post Why dividends come into their own during share bear markets appeared first on The Motley Fool Australia.

It can be an interesting insight to know what brokers think of an ASX dividend share. The problem is that a single broker can be wrong or biased.

If you can get a consensus among brokers about which shares are best, then that may give a clue about what to buy and what to avoid.

Every so often MarketIndex collates the names of shares that have quite high yields.

The below ideas have dividend yields above 5% and a market capitalisation above $1 billion. However, a high dividend yield can indicate a falling share price or limited growth prospects.

Here are three of the ASX dividend shares that have pretty high dividend yields:

Growthpoint Properties Australia Ltd (ASX: GOZ) 

This is a real estate investment trust (REIT), it owns 58 properties in the industrial and office sectors, 69% of those properties are industrial.

Its biggest three tenants in terms of passing rent are Woolworths Group Ltd (ASX: WOW), the NSW police and Commonwealth Bank of Australia (ASX: CBA). These are high-quality tenants that are going to stick around for a long time to come.

It has a 98% occupancy rate and has a forecast FY20 distribution yield of 7.25% with a weighted average lease expiry (WALE) of almost five years. It has increased its distribution each year since 2010.

Spark New Zealand Ltd (ASX: SPK) 

Spark is a large telco player in New Zealand, it also offers digital services for customers.

It isn't the type of business that's going to generate lots of growth, but it has the capability to generate decent profit growth with its various offerings.

In the event of a lockdown Spark could be one of the least affected businesses because everyone will want to keep their internet on at home.

It currently offers a trailing dividend yield of 5.4%.  

APA Group (ASX: APA) 

APA Group owns a vast network of 15,000km of natural gas pipelines around Australia with a presence in every mainland state and the Northern Territory. It also owns or has interests in gas storage facilities, gas-fired power stations and renewable energy generation (wind and solar farms). It owns, or manages and operates, a portfolio of assets worth more than $21 billion and delivers half the nation's natural gas usage.

The energy business has continually invested in new energy projects which will help drive future cashflow higher. New projects are expected to come online in the coming years. 

It currently has a trailing distribution yield of 5.6%. This is pretty good when you consider that APA has increased its distribution every year for 15 years.

Foolish takeaway

All three businesses have a positive futures, but the current market fears are causing indiscriminate selling. Of the three, I'd probably choose APA Group because of the importance of its assets and its consistently reliable cashflow.

The post 3 ASX dividend shares rated as buys by brokers appeared first on The Motley Fool Australia.

Do you want to replace your term deposit with these ASX dividend shares?

I can totally understand why you'd want to do that. If you had $1 million to invest in term deposits you'd probably be getting less than 2% today, which is less than $20,000 per year.

Unless you're happy to lower your lifestyle or eat into the capital, term deposits just aren't going to cut it.

However, if you were originally in term deposits I would guess that relative safety is a preferred element of shares.

No share is impervious from share price falls, but shares will hopefully go up over the long-term too. However, I think that these shares in-particular are options to replace a term deposit on the income side of things:

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) is an investment conglomerate, it has a grossed-up dividend yield of 4.1% and it has increased its dividend every year since 2000.

APA Group (ASX: APA) is an energy infrastructure business, it has a distribution yield of 4.6% and it has increased its distribution every year for the past 15 years.

WAM Research Limited (ASX: WAX) is a listed investment company (LIC), it has a grossed-up dividend yield of 9.7% and it has increased its dividend each year since the GFC.

Growthpoint Properties Australia Ltd (ASX: GOZ) is a real estate investment trust (REIT), it has a distribution yield of 5.5% and it has increased its distribution each year since it started paying one a decade ago.

Rural Funds Group (ASX: RFF) is another REIT, it has a distribution yield of 5.5% and it has increased its distribution each year since it started paying one in 2014.

All of the above shares have income increases going back to since their inception, or to at least to back the GFC for some of the older ideas. That's a pretty reassuring track record in my book.

Foolish takeaway

Out of the above names, I have put a sizeable part of my portfolio in Soul Patts shares in recent times. It has a great long-term track record of beating the market, with conservative and contrarian focused management – I think it would be a very promising idea to replace your term deposit and improve your income.

The post Replace your term deposit with these ASX dividend shares appeared first on The Motley Fool Australia.