Insights

Why ANZ (ASX:ANZ) and this dividend share could be buys

Is it time to buy these dividend shares?
The post Why ANZ (ASX:ANZ) and this dividend share could be buys appeared first on The Motley Fool Australia. –

If you’re looking to add some ASX dividend shares to your portfolio next week, then the two listed below could be worth considering.

Here’s what you need to know about these top dividend shares:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The first ASX dividend share to consider is ANZ. This banking giant could be a top option for income investors with little exposure to the banking sector. This is due to its attractive valuation, cost reduction plans, and its strong balance sheet.

In addition, the team at Morgans believe the bank is well-placed to grow its dividend in the coming years. This is largely due to its focus on absolute cost reduction and the quality of its loan book.

Morgans is forecasting fully franked dividends per share of $1.45 in FY 2021 and then $1.65 in FY 2022. Based on the current ANZ share price of $27.41, this will mean yields of 5.3% and 6%, respectively.

ANZ is the broker’s top pick in the sector and has an add rating and $34.50 price target on its shares.

Charter Hall Social Infrastructure REIT (ASX: CQE)

Another ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.

It is the largest Australian ASX-listed real estate investment trust that invests in social infrastructure properties. The company notes that it is focused on pursuing high quality opportunities in social infrastructure to enhance income stability, resilience and capital growth.

This includes a large number of childcare centres, Mater Misericordiae’s corporate headquarters, and the new purpose-built South Australian Emergency Services Command Centre.

The beauty of this strategy is that these properties come with very long leases and are in demand. For example, at the end of FY 2021, the company had a weighted average lease expiry (WALE) of 15.2 years and 100% occupancy.

This went down well with the team at Goldman Sachs. The broker recently put a buy rating and $3.81 price target on the company’s shares.

In FY 2022, the company is planning to pay a distribution of 16.7 cents per share. Based on the current Charter Hall Social Infrastructure REIT share price of $3.71, this will mean a 4.5% yield.

The post Why ANZ (ASX:ANZ) and this dividend share could be buys appeared first on The Motley Fool Australia.

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

The ANZ (ASX:ANZ) share price is trailing behind the big four today
The ANZ (ASX:ANZ) share price is now trading on a forecast 5.11% fully-franked dividend yield
Broker names 2 high yield ASX dividend shares to buy

How could a stock market correction impact ASX 200 bank shares?

The ANZ (ASX:ANZ) share price is down 8% in 5 weeks. What’s happening?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!