Insights

Where to invest your BHP (ASX:BHP) dividends

This morning BHP Group Ltd (ASX:BHP) is paying shareholders US$5.1 billion in dividends. Here’s where you could invest your dividends…
The post Where to invest your BHP (ASX:BHP) dividends appeared first on The Motley Fool Australia. –

Young female investor holding cash ASX retail capital return

Today is a big day for BHP Group Ltd (ASX: BHP) shareholders with the mining giant scheduled to pay its latest dividend.

BHP is paying eligible shareholders a fully franked $1.31 per share interim dividend. This means a whopping US$5.1 billion is heading into shareholders’ bank accounts this morning.

If you’re planning to reinvest these funds into the share market, then you might want to consider the ASX shares listed below. Here’s what you need to know about them:

REA Group Limited (ASX: REA)

The first ASX share to consider buying with these dividends is REA Group. It is the dominant player in real estate listings in the Australian market with its realestate.com.au website. The company also owns and operates a number of complementary businesses in Australia and other listings websites around the globe.

After a couple of difficult years because of the housing market downturn and COVID-19, REA Group looks well-placed for strong growth over the medium term. This due to the booming housing market, new revenue streams, cost cutting, and its growing international operations. 

One broker that is particularly positive on the company is Morgan Stanley. It currently has an overweight rating and $175.00 price target on its shares.

ResMed Inc. (ASX: RMD)

Another ASX share to look at is ResMed. It is a sleep treatment-focused medical device company with a growing portfolio of industry-leading products.

ResMed has consistently delivered solid sales and earnings growth over the last decade. This has underpinned market-beating returns for its shares, much to the delight of shareholders.

The good news is that the next decade looks just as positive thanks to its strong market position, growing cloud business, the ever-increasing awareness of sleep disorders, and the shift to home healthcare.

Morgans is a big fan of ResMed. Its analysts currently have an add rating and $30.09 price target on its shares.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Where to invest your BHP (ASX:BHP) dividends 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!