Insights

2 high quality ASX dividend shares to buy today

Sonic Healthcare Limited (ASX:SHL) and this ASX dividend share could be great options for income investors right now. Here’s why…
The post 2 high quality ASX dividend shares to buy today appeared first on The Motley Fool Australia. –

dividend shares

Fortunately, in this low interest rate environment, the Australian share market is home to a range of shares that are expected to provide attractive yields to investors in 2021. 

If you’re interested in adding a few to your portfolio, then you may want to look at the ones listed below. Here’s why they could be dividend shares to buy:

Sonic Healthcare Limited (ASX: SHL)

Sonic Healthcare is a leading medical diagnostics company with operations across the world. It could be a dividend share to buy due to its strong business model, attractive yield, and positive performance during the pandemic.

In respect to the latter, Sonic recently released its half year results and revealed a 33% increase in revenue to $4.4 billion and a massive 166% increase in first half net profit to $678 million. While COVID-19 testing was a key driver of this growth, the rest of the business performed positively as well.

This went down well with analysts at Credit Suisse. The broker currently has an outperform rating and $40.00 price target on its shares. Credit Suisse has also pencilled in a 93 cents per share partially franked dividend in FY 2021. Based on the current Sonic share price, this will mean a 2.9% yield for investors.

Woolworths Limited (ASX: WOW)

Another dividend share for investors to consider is Woolworths. This retail giant could be a good option for income investors due to the quality of its portfolio if businesses. These include the eponymous Woolworths supermarket business, BIG W, BWS, and Dan Murphy’s.

Woolworths appears well-placed for growth in the near term thanks to a favourable redirection in spending and consumer habits. Over the long term, its outlook remains just as positive due to its defensive qualities and strong market position.

One broker that is positive on the company is Goldman Sachs. It recently upgraded the retail giant’s shares to a buy rating with a $43.60 price target. The broker is also forecasting a $1.13 per share fully franked dividend in FY 2021. Based on the current Woolworths share price, this equates to a 2.9% dividend yield.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Click Here For Your Free Stock Report

Returns As of 15th February 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Woolworths Limited. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 high quality ASX dividend shares to buy today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!