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Two major ASX dividend stocks for compelling income

There are some high quality ASX dividend stocks that may be a compelling option for long-term income.

A handful of companies have promised to pay investors with a high level of income.

Not only the biggest ASX companies like, but there are many more options Commonwealth Bank of Australia (ASX: CBA), BHP Group Co., Ltd. (ASX: BHP) When Center group (ASX: SCG)..

These two ASX dividend stocks have the potential to be income options.

Local fund Real Estate Investment Trust (REIT) It owns a large and growing portfolio of agricultural real estate nationwide.

Our goal is to increase the distribution to investors by 4% each year, and we have been doing so for many years since our listing. The goal is driven by increased contracted rents and investment in productivity.

Rural Funds has farms that span a variety of disciplines, including cattle, vineyards, almonds, macadamia, and crops (sugar and cotton).

ASX dividend shares are regularly added to the portfolio. Another announcement was made at the end of November 2021 Get.. We purchase 27,879 hectares of cattle and plantations at four facilities in Queensland.

These acquisitions have the potential to increase productivity. The purchase includes 12,448 ML of water rights, which will be used to increase productivity, such as increasing irrigation acreage, improving pasture and increasing carrying capacity of cattle with additional watering points.

The Rural Funds will pay a dividend of 11.73 cents per unit in 2010, which is equivalent to a dividend yield of 4%. In 2010, we expect to generate 11.8 cents of adjusted funding (AFFO) per unit.

Metcash is a company that spans food, alcohol and hardware. It supplies IGA nationwide and is also the second largest hardware player in the country with Miter 10, Home Timber & Hardware and Total Tools.

Currently valued as a buy by credit suisse broker, the price target is $ 4.55.

Credit Suisse believes that Metcash is a good value and will be able to pay a total dividend yield of 7.1% in 2010. According to broker figures, Metcash’s share price is estimated to be 15 times the estimated earnings in 2010.

ASX dividend share just reported that 2010 Semi-Annual SettlementAfter the base dividend increased by 15%, the interim dividend increased by 31% to 10.5 cents per share. Earnings per share (EPS) To 14.6 cents.

Metcash states that it is focused on shareholder returns. You have successfully completed a $ 200 million repurchase off the market. The current target dividend rate is 70% of profit after tax.

In the second half of fiscal 2010, hardware sales increased by 20.1%, playing an important role in generating business profits, and sales continue to grow.

Two major ASX dividend stocks for compelling income

Source link Two major ASX dividend stocks for compelling income

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