How happy?

Well, one month ago, you could have bought shares in the Australian-owned African mineral sands producer for 12 cents apiece.

Today, those same shares are trading for 26 cents, up 117%.

Investors who bought the ASX mining stock three weeks ago on 19 April, when Base Resources shares were trading for 11 cents, will be sitting even prettier. The stock is up 134% since then.

Here's what's been piquing investor interest.

What's been sending the ASX mining stock through the roof?

The vast majority of the Base Resources share price gains were delivered on a single day.

On Monday, 22 April, the ASX mining stock closed the day up an eye-watering 123.8%.

Investors were snapping up shares after Base Resources reported it had entered into a binding scheme implementation deed with United States-based uranium and critical minerals producer Energy Fuels Inc. (TSE: EFR).

The deal would see Energy Fuels acquire all of Base Resources' shares for an offer price of 30.2 cents per share, some 16% above current levels and a whopping 188% higher than the share price the day before the takeover offer announcement.

Absent a superior proposal, the ASX mining stock's board unanimously recommended shareholders vote in favour of the acquisition.

Commenting on the potential benefits for its Toliara Project, Base Resources managing director Tim Carstens said:

The combined group will have the financial and technical capability to not only build Toliara into one of the best critical mineral projects in the world, but also to develop an integrated value chain for the rare earth elements that are essential to the global energy transition.

Carstens noted that the proposed transaction was "the culmination of 12 months of discussions between Base Resources and Energy Fuels".

Base Resources quarterly update

The ASX mining stock gained another 2% on 30 April following the release of its quarterly update for the three months to 31 March.

Base Resources said the challenging market conditions over the past few quarters stabilised over the previous three months as demand improved and "some downstream re-stocking supported flat pricing across all products".

Turning to the balance sheet, the company held cash of US$83 million and no debt at the end of the quarter.

As for the transaction with Energy Fuels, the ASX mining stock said its independent expert, PwC, has commenced work, as has the independent technical specialist, AMC Consultants.

The post How this ASX mining stock more than doubled investors' money in 1 month appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

29Metals Ltd (ASX: 29M)

The 29Metals share price is up 9% to 47.5 cents. This morning, this copper miner announced a binding terms sheet for a US$50 million offtake finance facility with Swiss mining giant Glencore. Funds from the proposed offtake facility will be available for draw down from financial close and will provide additional liquidity as its Capricorn Copper operation moves into suspension and is prepared for a successful and sustainable restart. In other news, insurers have committed to a further interim progress payment of $16 million for the surface component of its Capricorn Copper insurance claim. This increases aggregate insurance proceeds to date to $40 million.

Base Resources Ltd (ASX: BSE)

The Base Resources share price is up 110% to 22 cents. This has been driven by news that the minerals sands producer has entered into a binding scheme implementation deed (SID) with Energy Fuels. This will see Base Resources taken over in a deal worth 30.2 cents per share in scrip and cash. This values the company's total equity at approximately $375 million.

Qantas Airways Limited (ASX: QAN)

The Qantas Airways share price is up 3% to $5.79. This is despite Air New Zealand (ASX: AIZ) downgrading its full-year earnings guidance this morning. Qantas' rival warned that its "performance has seen ongoing softening, with challenging economic conditions and ongoing cost-of-living pressures." Though, with Air New Zealand shares rising on the news, it is possible that investors were pricing in even tougher trading conditions for airlines. This may explain why Qantas shares are rising today.

South32 Ltd (ASX: S32)

The South32 share price is up 6% to $3.38. This follows the release of the mining giant's third-quarter update. That update revealed that South32's production in FY 2024 is largely in line with expectations year to date. So much so, that the company remains on track to achieve almost all of its guidance for the financial year. The only disappointment was the Australia Manganese operation, which was impacted by Tropical Cyclone Megan last month. Its guidance has unsurprisingly been downgraded because of the disruption. Management advised that recovery plans are underway to enable a safe return to operations and ore exports.

The post Why 29Metals, Base Resources, Qantas, and South32 shares are storming higher appeared first on The Motley Fool Australia.

In morning trade, the ASX mining stock is up a massive 109% to 22 cents.

This is quite a turnaround for the mineral sands producer, which was trading half a cent above a multi-year low on Friday.

Why is this ASX mining stock rocketing?

Investors have been fighting to get hold of the company's shares this morning after it entered into a binding scheme implementation deed (SID) with Energy Fuels Inc. (TSE: EFR).

According to the release, the SID will see Energy Fuels acquire 100% of the issued shares in Base Resources by way of a scheme of arrangement for 0.026 Energy Fuels common shares plus A$0.065 in cash via an unfranked special dividend.

This equates to an offer price of 30.2 Australian cents per share and a total equity value of A$375 million. It also represents a premium of 188% to where the ASX mining stock finished last week.

The Base Resources board unanimously recommends that shareholders vote in favour of the transaction. This is in the absence of a superior proposal and subject to the independent expert's report.

Subject to these same qualifications, the company's directors intend to vote shares held by or on behalf of them in favour of the scheme. It is also the same for each of its two largest shareholders, Pacific Road Capital (owning a 26.5% stake) and Sustainable Capital (owning a 24.8% stake).

Management commentary

The ASX mining stock's managing director, Tim Carstens, believes that shareholders are getting a great deal. He also revealed that talks have been ongoing for some time. Carstens said:

This Transaction, which is the culmination of 12 months of discussions between Base Resources and Energy Fuels, reflects the exceptional quality of the Toliara Project and the efforts of the Base Resources team over the past several years to advance the project towards construction readiness. The combined group will have the financial and technical capability to not only build Toliara into one of the best critical mineral projects in the world, but also to develop an integrated value chain for the rare earth elements that are essential to the global energy transition.

Shareholders of Base Resources will receive both a compelling and immediate premium, and the opportunity to further participate in the market recognition and development of a company with a unique diversified position in the critical minerals landscape.

The post Guess which ASX mining stock is rocketing 109% on big news appeared first on The Motley Fool Australia.

In fact, some ASX All Ords shares are offering yields more than triple that. But that doesn't mean they will turn out to be screaming buys today though.

If you think a 6% yield is attractive, then no doubt the Horizon Oil Ltd (ASX: HZN) share price will draw your eye. Right now, this small ASX All Ords oil share offers a trailing dividend yield of 14.4%. And that's after the 6% or so jump we have seen with this company's shares this Monday.

But that's just the start.

What are the highest-yielding ASX All Ords shares offering today?

We also have Abacus Group (ASX: ABG) to look at. Abacus shares offer investors a dividend yield of 16.88% right now.

There's the BSP Financial Group Ltd (ASX: BFL) share price to consider as well. At present, BSP shares have a dividend yield of 18.1% on the table.

That's topped by coal share Yancoal Australia Ltd (ASX: YAL). Today, Yancoal shares are displaying a dividend yield of 21.62%. That's almost mirrored by the Base Resources Ltd (ASX: BSE) share price, with its yield of 22.7%.

It gets even better.

Sunland Group Ltd (ASX: SDG) shares are exhibiting a dividend yield of 32.98% at present. And not to be outdone, Terracom Ltd (ASX: TER) shares are at the top of the ASX All Ords pile right now when it comes to dividend yield, displaying a frankly ridiculous yield of 44.49% today.

I'm sure that was a lot to take in. The prospect of receiving a cash yield of 44.49% on your money every year is a salivating prospect to be sure.

But, as I'm sure you're sensing, there are a lot of caveats here to discuss.

When is a dividend too good to be true?

A company's dividend yield reflects the past, not the future. No ASX All Ords share is under any kind of obligation to continue one year's dividend the next. It could double it, halve it or eliminate it altogether. A company's dividends from year to year are entirely at the discretion of its management.

Let's look at Terracom's dividend as an example. The first thing to note is that Terracom's monstrous 44.49% dividend yield is no mistake. Over the past 12 months, the ASX coal share has paid out two dividends, worth 3 cents and 7.5 cents per share respectively. That total of 10.5 cents per share gives Terracom a trailing dividend yield of 44.49% at the current share price of 47 cents.

However, a company's dividend yield is just as dependent on its share price as its raw dividends per share. And a large contributor to this massive dividend yield is the Terracom share price's near 55% loss over the past 12 months. The lower an ASX All Ord's share price, the higher its trailing dividend yield will be.

ASX resources and energy shares in particular have nororiously volatile dividends. That's because their ability to fund their dividends is entirely dependent on external factors – namely the prices of the commodities they sell.

It's clear that investors are expecting coal prices to come down significantly from the record highs we have seen over the past two years. That's why Terracom joins Yancoal in having both high trailing dividend yields, and huge share price losses over the past 12 months.

Foolish takeaway

If you sift through the shares listed above, you'll probably find the good reason why the markets are pricing these companies at low levels right now, which is helping to push their dividend yields to the rather implausible levels we are seeing. It's a good indication that most investors aren't expecting the recent dividends we have seen with these companies to continue for much longer.

Now, it's entirely possible that the markets are getting at least one of these companies' prospects wrong, and that investors will continue to enjoy huge income from any of these shares.

But investors have to ask themselves what they know that the market doesn't. There's a high chance that buying into these shares right now is nothing more than a dividend trap.

The post Where can investors find the highest dividend yields among ASX All Ords shares? appeared first on The Motley Fool Australia.

An ASX dividend share offering a 10% or greater yield on one's cash is a compelling proposition. We only found out this week that Australia's annual inflation rate is running at 6.9%. This technically means that if a dividend yield is under that threshold, the payments alone are not keeping your returns above breakeven.

So a 10% yielder is looking pretty good on that basis.

But finding high-yield ASX dividend shares is a bit of a risky business. There are plenty out there, to be sure. But if an ASX dividend share is offering a trailing yield above 10%, it's a sign that an investor might have to be wary. A company's trailing dividend yield reflects the past, not the future.

And if the share market lets a share trade with a trailing yield of more than 10%, it can often mean that many investors aren't expecting the dividends to continue at that level.

Otherwise, there would be more buyers, pushing the yield lower. So, always take a high dividend yield with a grain of salt.

But we digress. Here are 10 ASX dividend shares offering a dividend yield above 10% right now. The data comes from S&P Global Market Intelligence.

10 ASX shares with dividend yields over 10% today

Smartgroup Corporation Ltd (ASX: SIQ)

Smartgroup has paid out 66 cents per share in dividends over the past 12 months. That includes the March special dividend of 30 cents per share. This gives Smartgroup a trailing dividend yield of 12.6% right now.

Tabcorp Holdings Limited (ASX: TAH)

Gaming services provider Tabcorp has doled out payments worth a collective 13 cents per share this year. That gives Tabcorp a trailing yield of 12.42% at current pricing. But keep in mind that Tabcorp spun out Lottery Corporation Ltd (ASX: TLC) earlier this year, so this could affect Tabcorp's future dividend levels.

Yancoal Australia Ltd (ASX: YAL)

ASX coal share Yancoal is next up. This coal company has rained cash on its shareholders this year. It has doled out $1.03 in ordinary dividends per share, as well as a special dividend of 20.4 cents, for a total of $1.23 in dividends per share for 2022. That translates to a trailing dividend yield of 17.56% for just the ordinary dividends, and a whopping 21%, including the special dividend.

Magellan Financial Group Ltd (ASX: MFG)

ASX fund manager Magellan is another high-yielding share right now. This company has rolled out a total of $1.79 in dividends per share this year. At Magellan's current share price, that is worth a trailing yield of 18.34%

Latitude Group Holdings Ltd (ASX: LFS)

Financial services company Latitude is another relative newcomer to the ASX, having only listed in April last year. But it has certainly hit the ground running when it comes to dividend payments. Latitude has funded a total of 15.7 cents per share in dividends in 29022. That gives the ASX financial share a trailing yield of 11.89% right now.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is one of the ASX's more well-known dividend payers these days. And over 2022, Fortescue did not disappoint in this regard. Investors have enjoyed a total of $2.07 in dividend payments per share this year. That gives Fortescue a trailing yield of 10.51% today.

Base Resources Ltd (ASX: BSE)

Mineral sands producer Base Resources is next. This company has given investors two dividends worth 3 cents per share each over 2022. On today's share price of 21 cents, that equates to a trailing yield of a whopping 28.57%

SPDR S&P/ASX 200 Resources ETF (ASX: OZR)

This exchange-traded fund (ETF) has had a top year when it comes to distribution payouts. This fund, as its name implies, holds a basket of ASX resources shares. So you can understand why it has been able to make its investors very happy in this regard. Investors have enjoyed payments worth a total of $2.08 per unit this year. That gives this ETF a trailing yield of 14.54% on today's pricing

Regal Investment Fund (ASX: RF1)

Listed investment trust Regal is another dividend share with an enviable yield. Investors have enjoyed distributions worth 39.56 cents per unit over the past 12 months. That gives the Regal Investment Fund a trailing distribution yield of 12.21%.

SPDR MSCI Australia Select High Dividend Yield ETF (ASX: SYI)

Our final share to check out today is another ETF. As its name implies, this fund from SPDR focuses on holding a basket of high-yield dividend shares. It pays distributions quarterly, which, over the past 12 months, totals $4.29 per unit. On the current unit price of $27.95, that gives this ETF a trailing yield of 15.35%.

The post 10 ASX dividend shares paying more than 10% yield right now appeared first on The Motley Fool Australia.

Base Resources is an ASX resources share specialising in the production of mineral sands. It has operations in a few countries, including Australia, Kenya, and the United States.

Today, Base Resources is trading at 20.5 cents per share at the time of writing, down a nasty 4.65% so far this session.

This company has paid out two dividends over the past 12 months. The first was the interim dividend of 3 cents per share from March. The second was the final dividend worth 3 cents per share that investors received in September. Neither payment came with franking credits. So that's an annual total of 6 cents per share for Base Resources.

On today's share price of 20.5 cents, this does indeed give Base Resources a trailing dividend yield of 29%.

Hallelujah! So we should all run out and buy Base Resources shares right now? Who wouldn't want their capital back after just three-and-a-bit years, after all?

Is Base Resources really offering a 29% dividend yield right now?

Well, not so fast.

A trialling dividend yield is always just that – trailing. It reflects only the past, not the future. The reality is that no Base Resources investor has enjoyed a 29% dividend yield over the past year.

That's because the Base Resources share price has plummeted by almost 38% in 2022. It was at more than 33 cents per share back in early January, a far cry from the 20.5 cents we see today.

So we can probably conclude that the market is predicting that Base Resources will not be able to fund dividends at 2022's levels going forward. Otherwise, it wouldn't have sent Base Resources shares down to a level that gives the company a trailing dividend yield approaching 30% – a level that is obviously well above a conventional yield.

We'll have to see if the market is right on this. If this company pays out 6 cents per share in dividends next year, it will be very interesting to see where the Base Resources share price goes.

The post Does this ASX All Ordinaries share really have a dividend yield of 29% right now? appeared first on The Motley Fool Australia.

While the S&P/ASX 200 Index (ASX: XJO) has edged 0.1% lower at the time of writing, the TerraCom share price has been crunched by 10.3% to sit at 91 cents.

Why the TerraCom share price is being smoked

Instead of ASX announcements or sector news driving this fall, the ASX energy share's tumble today likely comes down to one primary driver.

TerraCom shares are trading ex-dividend today. And the dividend in question is a juicy one.

When a company declares a dividend, it sets a cut-off date to determine which shareholders are eligible for the payment. This is known as the ex-dividend date.

If you purchase shares on or after this cut-off date, you don't receive the payment.

So, investors buying the ASX energy shares today won't be getting their hands on TerraCom's 10-cent FY22 final dividend.

The emerging resources explorer recently announced a bumper set of FY22 results. Revenue jumped 47% to $805 million while losses on the bottom line reversed to a $216 million profit.

What's more, TerraCom updated its dividend payout ratio. It's now intending to return between 60% and 90% of profits to shareholders in the form of quarterly dividends.  

The last time TerraCom paid a dividend was in 2019. 

Why do shares drop on the ex-dividend date?

When a company's shares turn ex-dividend, its share price typically drops. 

This is because the company is paying dividends out of its cash reserves. So, with its war chest of cash reduced, the value of the company is diminished.

What's more, some investors will look to offload shares once they've locked in the upcoming dividend. 

The extent of the share price fall usually mimics the size of the dividend. But it varies depending on sentiment and how the broader market is faring that day.

In the case of TerraCom, the dividend in question is 10 cents. At the time of writing, the TerraCom share price has fallen by 10.5 cents, slightly more than the dividend.

Which other shares are trading ex-dividend today?

You can see similar price action in Ampol Ltd (ASX: ALD) shares today. It's the first day that Ampol shares are trading without the company's 2022 interim dividend of $1.20. And at the time of writing, Ampol shares have tumbled by 5.2% or $1.75 to $31.91.

Base Resources Ltd (ASX: BSE) is another company coming under fire today. The Base Resources share price has slid 13.4% or 4.5 cents to 29 cents apiece as shares trade without a 2022 final dividend of 3 cents.

The post Why is this ASX energy share diving 10% on Friday? appeared first on The Motley Fool Australia.

The S&P/ASX 300 Metals & Mining Index (ASX: XMM) has climbed over 4% into the green this year to date, having spiked 3% in the last month alone.

Thus, amid this rally – plus with earnings season in full swing – it's not surprising to see 3 names within the ASX mining basket lunge past their 52-week highs during Monday's session. Let's take a look.

South32 Ltd (ASX: S32)

Shares in South32 are cruising 4% higher today to set new single-year highs in this afternoon's session. At the time of writing, the diversified mining company's share price is fetching $4.79 apiece.

In fact, the $21.5 billion company by market cap saw its equity value surge to record highs following a string of positive catalysts in 2022, not in the least related to its half-year earnings.

In its report, the company recognised statutory after-tax profit of US$979 million and underlying earnings of more than US$1 billion.

The rotation out of speculative high-growth names back into value-type propositions has also helped ASX mining shares in 2022, and South32 is no exception.

Plus, with the commodities rally driving cash straight down to the bottom line for these names, South32 recorded an astounding US$942 million in free cash flow for H1 FY22 – a gain of US$806 million on the year.

This enabled the board to declare a 621% jump in the company's interim dividend to US8.7 cents a share, a gain that safely beats the level of inflation.

It's no wonder investors are piling into South32 lately in order to secure a spot in the future of this company, seeing as investors aren't paying the exorbitant premiums for growth into the future anymore.

Grange Resources Limited (ASX: GRR)

Shares in Grange Resources are setting new single-year highs today after the company released its financial full-year results late on Friday afternoon.

Investors have responded well to the company's earnings and have sent shares over 37% higher to set a new 52-week high of $1.025 on Monday.

In its results, the company recognised revenue from operations of $782 million compared to $526 million last year. This came through to net profit after tax (NPAT) of $322 million, a year on year gain of 59%.

Grange's earnings were helped this year by the fact it remained quite immune to the effects of COVID-19 lockdowns in 2021, suffering no material impacts to operations.

It also adopted an Environmental, Social, and Governance (ESG) framework to integrate with its governance moving forwards.

Grange reckons it has started the program using "21 core metrics and disclosures as created by the World Economic Forum (WEF)".

In the last 12 months, the Grange Resources share price has spiked over 118% and is up more than 33% this year to date.

Base Resources Limited (ASX: BSE)

Shares in Base Resources are also cruising higher today and set new 52-week highs of 35.5 cents during Monday's session.

Base Resources released its results for the six-month period ended 31 December 2021 before the open today, and investors appear to have absorbed the outcome well.

In its report, Base says it achieved a record first-half revenue result of US$104.6 million "following increased production and an 18% increase in average realised unit sales price" from this time last year.

It also recognised net profit after tax (NPAT) of US$19.2 million, a substantial jump up from a net loss of US$6.4 million in H1 FY21.

The company generated free cash flow of US$8.8 million but say's this figure "was impacted by the previously announced US$18.8 million catch-up royalty payments to the Government of Kenya during the period".

Nonetheless, the board still declared a 3 cents per share dividend, meaning that, upon payment of this particular dividend, the company will have returned a total of 13.5 cents per share to shareholders since October 2020 – equal to around $160 million.

Commenting on the results, Tim Carstens, managing director said that "ongoing strong demand for all products is resulting in significant price increases which have contributed to increases in group revenue, EBITDA and NPAT".

Investors appear to agree with the positive momentum and have piled into the company on a volume more than 280% of its 4-week average.

The post 3 ASX mining shares smashing 52-week highs today appeared first on The Motley Fool Australia.

The same could be said for our large banks like Commonwealth Bank of Australia (ASX: CBA), right up until the regulator put a cap on how much banks could distribute to shareholders. Moreover, a myth of ASX dividend investing is that it applies mainly to mid cap shares or larger. I have always rejected this premise. While large caps are more secure, small cap shares often pay higher dividend yields.

Small cap ASX dividend shares

New Energy Solar Ltd (ASX: NEW) currently pays a trailing 12 month (TTM) unfranked dividend yield of 9.1%. This is an infrastructure trust that buys, builds, and operates solar farms in Australia and the United States. It continues to ride a wave of government enthusiasm and spending and has positioned itself as a high margin provider of electrical power. The company's revenue stream is susceptible to changes in weather, yet it is currently priced at 39.4% less than its net asset value per share.

G8 Education Ltd (ASX: GEM) is an early learning and childcare company with assets predominantly in Australia, and some in Singapore. Over the past 10 years, the company has had a share price CAGR of 16.7%, enough to triple the initial investment in this time. Furthermore, it presently has a TTM dividend yield of 10.3%. As this is a 100% franked payment, it also carries a tax credit of 4.4%. Like New Energy, this company is also trading at a discount to its net tangible asset value of 42.9%.

Base Resources Limited (ASX: BSE) is an early stage, but producing, mineral sands company. At today's price this company has a TTM dividend yield of 14%, which is very large. However, this year was the company's maiden dividend payment. So there is some risk as to whether they will do so again. The company's net profit after taxes (NPAT) for FY20 was $39.6 million. This was a slight reduction on 2019 due to reducing ore grades. Nevertheless, the company intends to produce 700,000 tonnes in FY21, an increase of 50.2%.

Foolish takeaway

There are a few things investors can take away from this article. First, an effective ASX dividend paying portfolio needs to be actively managed. Second, small caps often pay more per share than large caps. Nonetheless, they are considerably more risky. Third, the dividend yield itself must be considered along with an evaluation of company performance, future growth plans, and management skill. 

The post 3 small cap ASX dividend giants appeared first on The Motley Fool Australia.

Here is what the team have come up with…

Aaron Teboneras: Dicker Data Ltd (ASX: DDR)

Dicker Data has been a great option for investors seeking frequent and reliable dividends. In its interim results released last month, Dicker Data achieved a record revenue of more than $1 billion and rewarded shareholders with a fully franked dividend of 7.5 cents. Total dividends for the past 12 months have tallied 38 cents, representing a dividend yield of 5.1%. paid in quarterly instalments.

Dicker Data has increased its focus on small-to-medium business enterprises and is currently building a new distribution centre to meet its increasing demands. I think the company is well-positioned for the future and will continue to pay growing dividends.

Motley Fool contributor Aaron Teboneras owns shares in Dicker Data Ltd.

Daniel Ewing: Telstra Corporation Ltd (ASX: TLS)

The Telstra share price has been sinking lower recently and is showing no signs of slowing down. The company has been on a slide since its disappointing FY20 results.

However I'm confident the long-term outlook for Telstra is positive. I believe the telco giant's T22 plan is bound to start reaping rewards as it seeks to strip out costs and simplify the Telstra business. As such, I think the trailing dividend yield of 5.61% on offer is a bargain which investors should take advantage of.

Motley Fool contributor Daniel Ewing owns shares in Telstra Corporation Ltd.

Sebastian Bowen: JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is not a company that normally comes to mind for dividend investors. Yet it has a strong record of growing its shareholder payouts and offers a solid starting yield today. Its latest final dividend came in at 90 cents per share, which was paid out on Friday and represented a 76% increase on FY19's final dividend of 51 cents per share. Not a bad performance for the year of the pandemic. That gives JB shares a trailing yield of 4% on recent pricing, which also comes fully franked. I don't think any ASX share in the retail space can match this recent dividend record, and this makes JB a perfect income share for September in my eyes.

Motley Fool contributor Sebastian Bowen does not own shares in JB Hi-Fi Limited. 

Lloyd Prout: Macquarie Group Ltd (ASX: MQG)

Macquarie is the only bank that I would buy on the ASX. Why? Because the term 'millionaire maker' doesn't just apply to the bank's rich clients, but also to its investors. Over the past decade, Macquarie has provided total annualised returns of over 16% per annum. Despite this, investors have a nice entry point with shares trading around 20% off their February highs at the time of writing.

Macquarie has more international exposure than the other big banks, as well as an investment banking arm which provides greater optionality than its competitors. It currently pays a partially franked 3.4% dividend yield.

Motley Fool contributor Lloyd Prout owns shares in Macquarie Group Ltd and expresses his own opinion.

Tristan Harrison: Vitalharvest Freehold Trust (ASX: VTH) 

Vitalharvest is an agricultural real estate investment trust (REIT) which owns berry and citrus farms. 

Looking at the distribution, it offers a yield of 6.2%. But I think this could grow for two reasons. It has a profit-share agreement with its tenants for the farms that are rented. Those farms have suffered negative impacts from the drought but those conditions could materially improve in FY21. 

It's also under new management that will focus on more consistent properties like food processing and logistics. The Vitalharvest share price of 78 cents (at the time of writing) is a 14% discount to the FY20 net asset value of 91 cents.  

Motley Fool contributor Tristan Harrison does not own shares in Vitalharvest Freehold Trust.

Daryl Mather: Base Resources Limited (ASX: BSE)

Base Resources is a mineral sands miner with operations in Kenya and a project in Madagascar. Its net profit after taxes for FY20 was $39.6 million, a slight reduction on FY19 due to reduced ore grade. Nevertheless, it intends to increase production by 50.2% in FY21.

The company pays its maiden dividend this year of 3.5 cents. Based on Monday's price of 30 cents, this payment will yield 11.7%. The Base Resources share price goes ex-dividend on Friday 18 September, paying out on 7 October.

I think this is a good, cheap prospect for short-term dividend yield and medium-term share price growth.

Motley Fool contributor Daryl Mather does not own shares in Base Resources Limited.

Glenn Leese: Bendigo and Adelaide Bank Ltd (ASX: BEN)

Bendigo and Adelaide Bank is sometimes overlooked when compared to the big four banks, however its operation is anything but insignificant. Founded in 1858 (yes, it's over 160 years old) and operating over 500 branches across multiple brands, its network is large. Bendigo and Adelaide Bank offers all the services of a big bank, competing across multiple product suites.

Ideally, you want stability and growth in a dividend share. After all, dividends mean cash flow. Bendigo and Adelaide Bank has more than doubled its dividend yield in the last decade, from 4.7% in 2010 to 9.7% in 2020. Importantly, during the pandemic, it has kept dividends flowing and increasing.

In my view, this bank would make an excellent addition to any dividend portfolio.

Motley Fool Contributor Glenn Leese does not own shares in Bendigo and Adelaide Bank Ltd.

Bernd Struben: Stockland Corporation Ltd (ASX: SGP)

When you're hunting for dividends, you should never ignore a company's long-term share price outlook. Which brings me to Stockland, a property development company operating in retail, industrial and residential properties, including retirement villages.

Stockland has yet to recover from its 67% share price crash during the COVID-19 panic selling. But it did gain 53% from 4 January 2019 through to 21 February this year. This is a trend I believe it can repeat post COVID.

Stockland paid two dividends this year, 13.5 cents on 28 February and 10.6 cents on 31 August for an annual dividend yield of 6.5%, unfranked.

Motley Fool contributor Bernd Struben does not own shares in Stockland Corporation Ltd.

James Mickleboro: Bravura Solutions Ltd (ASX: BVS)

I think that Bravura Solutions would be a great option for income investors in September. I wouldn't normally class the provider of software products and services to the wealth management and funds administration industries as a dividend share, but a sizeable pullback in its share price has made it one.

Based on the current Bravura share price, I estimate that it offers investors a forward 3.3% dividend yield. Pleasingly, given the quality of its software products and their massive global market opportunity, I believe it is well-placed to grow this dividend at a very strong rate over the next decade.

Motley Fool contributor James Mickleboro does not own shares in Bravura Solutions Ltd.

Chris Chitty: Harvey Norman Holdings Limited (ASX: HVN)

Harvey Norman has seen significant success lately as people have rushed to buy up furniture and home appliances during coronavirus restrictions. It now trades on a trailing fully franked dividend yield of 7.7% at the time of writing. Additionally, Harvey Norman goes ex dividend on 9 October 2020 so it's not too late for investors to receive the final dividend.

While there has been a definite move toward online retail during the pandemic, Harvey Norman's brick and mortar stores have performed relatively well and it is currently opening new stores in Australia and abroad. The company now has no net debt and is in great shape to extend its track record as a great dividend share.

Motley Fool contributor Chris Chitty does not own shares in Harvey Norman Holdings Limited. 

Brendon Lau: Telstra Corporation Ltd (ASX: TLS)

The unloved telco slumped to around a near two-year low after delivering a disappointing outlook with its uninspiring FY20 profit result. But with the Telstra share price this low, the dividend yield is looking interesting even if you assumed a dividend cut.

While analysts seem divided on whether Telstra's 16 cent per share annual dividend is sustainable, I think it's more likely than not that management will lower the dividend by 2 cents per share. Even then, the share is still yielding close to 7% if you include franking (based on the share price of $2.86 at the time of writing). That's a good yield. Just ask any big bank investor.

Motley Fool contributor Brendon Lau owns shares in Telstra Corporation Ltd.

The post Top ASX dividend shares to buy in September 2020 appeared first on The Motley Fool Australia.

It's important to note when buying dividend shares that the purchase must be made prior to the ex-dividend date in order to qualify for the next payment. After this date, the buyer is not eligible to receive the next dividend. Also, bear in mind the practice of dividend harvesting. This is a tactic in which investors will buy shares to get the high yield payment, and then sell immediately as the share goes ex-dividend.

Nonetheless, I am confident these shares will continue to rise over the near term. So if you are willing to hold them for 3 – 6 months, you should also see a small level of share price growth.

One share to buy today for a 6.67% yield

Ashley Services Group Ltd (ASX: ASH) is a human resources consultancy offering training, recruitment and labour hire services. It has multiple brands operating in each vertical, and is also a registered training organisation (RTO). The company published its FY20 annual report on Friday, and correspondingly its share price jumped by 6.5%.

Over the past 5 days, the Ashley share price has risen by 10.9%. Nonetheless, the company is still selling at a price-to-earnings (P/E) ratio of 9.48. From its current report, and prior history, I believe this is a good small cap to own. It continues to increase sales and to build its footprint. In addition, the company has no borrowings and plenty of cash on hand. 

Based on Friday's closing price, this ASX dividend share will yield 6.75%. However, it goes ex-dividend on 1 September, or tomorrow. So if you are going to get this dividend, there is little time to waste.

One ASX dividend yield of 12.5%

This ASX dividend share has only recently come onto my radar. Base Resources Limited (ASX: BSE) is a successful mineral sands company operating in Kenya and Madagascar. It has found an ore body that has a very low strip ratio, that is, a low waste-to-product ratio. Moreover, in the past month, the Base Resources share price has risen by 29.1%. 

The company's net profit after taxes (NPAT) for FY20 was $39.6 million. This was a slight reduction on 2019 due to reducing ore grades where it is producing. Nevertheless, the company intends to produce 700,000 tonnes in FY21, an increase of 50.2%. 

This year will be the company's maiden dividend payment. Based on Friday's closing price, this dividend will yield 12.5%, which is a large payment by any standards. From my investigations, Base Resources appears to be a company that delivers on its promises. As such, I think it's a good investment regardless of the payment. 

The share goes ex-dividend on 18 September. 

A beautiful company to buy before Wednesday!

One look into the financials, website or buildings of Sunland Group Limited (ASX: SDG) and you will see a company obsessed with beauty. The entire company and its products reflect minimalism, with sleek lines, soft angles and the reinforcement of architecture as art. This small cap is valued at $194 million and is a residential property developer with a difference. I have to admit, I find the company's aesthetics highly appealing.

However, Sunland has not had a great year due to coronavirus. It has seen statutory net profits after tax reduce to $2.4 million due to one-off write downs. Nevertheless, gearing is still low at 33%, and the company is set to see a great improvement in FY21. At present, it has a net tangible asset value of $2.56 per share, yet is selling at $1.42. 

If you purchase this ASX dividend share before Wednesday 2 September, then based on Friday's closing price, it will pay a yield of 7.04%. Aside from its dividend, I also believe Sunland Group will be a good company to own over the medium term in general. 

The post 3 ASX dividend shares to buy urgently! appeared first on The Motley Fool Australia.

Every percentage point of growth now, means a lower return over the medium to long-term. For example, I bought Sezzle Inc (ASX: SZL) at $2.83, today I am up by ~300%. Had I waited even two to three weeks, my return today would be far less. Here's my pick of 3 ASX growth shares to buy before they rise any further. 

Brainchip Holdings Ltd (ASX: BRN)

BrainChip's share price has risen by 85.29% in the past month. The artificial intelligence company has had two very major announcements in the past 6 months. First, was the completion of wafer construction for the company's Akida neuromorphic processor. This is a first-of-its-kind neural technology designed to mimic the processes of the brain and nervous system. Second, was the announcement of the company's first proof of concept partnership to apply it into the gaming and consumer products sectors.

The company already has a range of commercial products generating revenue. Furthermore, this partnership will be exploring Smart Transportation and Smart City applications. This includes Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). We should expect to hear more proof of concept partnerships from BrainChip very soon.

I think this is a great ASX growth share to buy is because I earnestly believe this is a turning point in artificial intelligence.

Jumbo Interactive Ltd (ASX: JIN)

Jumbo Interactive saw its share price rocket up by 21.85% in the past month. The company sells lottery tickets under license from Tabcorp Holdings Limited (ASX: TAH). It is already an established force, and recently extended a distribution deal with Tabcorp 2022 to 2030. Moreover, it is already in negotiations with Lotterywest to sell lottery tickets on its behalf, and recently acquired the Gatherwell UK company. The latter is the UK's largest external lottery manager for schools and local authorities. 

Lastly, the company has been targeting charity sponsored lotteries. This is a $26 billion industry globally with only 10% of sales online. During the lockdown most countries saw falls in lottery ticket sale, while Australia continued to do well. This is because of the Jumbo online sales channel.

Jumbo is a great share to buy in my view, because it is already undervalued, has a massive addressable market, and is pioneering a one-top platform for all lotteries.

Base Resources Limited (ASX: BSE)

The Base Resources share price has risen by 29.1% over the past month. This overlooked pure-play mineral sands miner operates in Kenya and Madagascar. I think it is a great resources share to buy in a sector where prices are massively inflated.

In its FY20 annual report the company made earnings before interest, taxes, depreciation and amortisation (EBITDA) of $108.7 million. This translated into a net profit after taxes (NPAT) of $39.6 million. However, this was largely due to depreciation and amortisation of $57.2 million. It pays to keep in mind that this is an accounting transaction, and the cash does not leave the company.

Overall, revenues, EBITDA and NPAT were slightly down due to lower ore grades. The company is planning to increase production in FY21, and is moving its Madagascar project closer to operation. Moreover, the company has just announced its maiden dividend payment. On Friday's closing price this will deliver a yield of 12.5%. The Base resources share price is trading at a price to earnings (P/E) ratio of 6.14.

This is an ASX growth share to buy very quickly to secure the 12.5% dividend payment.

The post 3 under the radar ASX growth shares to buy today appeared first on The Motley Fool Australia.

What did Base Resources announce this morning?

The Aussie miner reported that its Kenyan Kwale Mineral Sands Operations successfully relocated mining operations to the south dune orebody in June, following depletion of the Central Dune, with mining successfully recommencing after a 14-day transition shutdown.

During this period, the mineral separation plant (MSP) operated on stockpiled heavy mineral concentrate (HMC) to ensure uninterrupted production.

According to management, the company's Toliara mineral sands project (Toliara Project) in the south-west of Madagascar saw sound progress on all workstreams and remains on schedule for completion of the definitive feasibility study (DFS) in late 2019.

Base Resources reported that the last blocks of the central dune orebody were mined during the quarter before mining operations were halted in mid-June to commence the two-week transition to the south dune.

As a result of the transition, mining volume was lower than the prior quarter at 3.64Mt.

From the company's quarterly update, total operating costs were marginally lower than the previous quarter due to lower mining volumes which, when combined with higher production volumes, resulted in a lower unit operating cost of US$127 per tonne produced.

Unit operating costs were higher than the same period last year (June 2018 quarter: US$102 per tonne) due to lower MSP feed and therefore lower production volumes this quarter.

Base Resources management also said unit cost of goods sold is influenced by both the underlying operating costs and product sales mix.

Operating costs are allocated to each product based on revenue contribution, which sees the higher value rutile and zircon products attracting a higher cost per tonne than the lower value ilmenite.

Base Resources said the greater the sales volume of rutile and zircon relative to ilmenite in a quarter, the higher both unit revenue per tonne and unit cost of goods sold will be.

On the marketing front, Base Resources reported expected constraints on the global supply of sulphate ilmenite and high-grade chloride feedstocks (including rutile) which have continued to have an impact on the market and supported further positive price momentum.

At the time of writing, the Base Resources share price is trading at $0.27 per share – marginally higher than it started the year and with a market cap of $315 million.

The post Base Resources share price could fall on weak quarterly result appeared first on The Motley Fool Australia.

Four shares that have failed to follow the market higher today are listed below. Here's why they have sunk lower:

The AVITA Medical Ltd (ASX: AVH) share price has crashed 25% lower to 35 cents despite there being no news out of the global regenerative medicine company. However, as I noted yesterday, a 575% increase in its share price since the start of the year had driven its market capitalisation to almost $900 million. Which certainly made its shares look overvalued considering its revenue of $1.8 million in the first half.

The Base Resources Limited (ASX: BSE) share price has tumbled almost 10% to 28 cents after the mineral sands producer provided its FY 2020 production guidance. According to the release, the company expects production to fall significantly in FY 2020. This is due to the lower heavy mineral grade of the South Dune orebody, depletion of stockpiled heavy mineral concentrates during the transition of mining operations to the South Dune, and normal uncertainties associated with mining a new orebody.

The Crown Resorts Ltd (ASX: CWN) share price has dropped 9% to $12.80 after US giant Wynn Resorts pulled the plug on its takeover approach for the casino and resorts operator. Crown advised that Wynn has terminated all discussions with it concerning any transaction, possibly after details of the confidential approach leaked out.

The Sims Metal Management Ltd (ASX: SGM) share price has fallen 2.5% to $10.72 after the scrap metal company provided an update on its strategic growth plan. Part of its growth strategy includes nearly doubling the non-ferrous business and growing the ferrous business by 40% in the United States within the next six years. Judging by its share price decline, investors don't appear convinced by the plan.

The post Why AVITA Medical, Base Resources, Crown, & Sims shares sank lower today appeared first on The Motley Fool Australia.

The mineral sands explorer today announced revenue from zircon and rutile will lift 21%, despite lower sales volumes and reduced FY18 production guidance.

Iluka's Sierra Leone operations experienced "operational difficulties" in the first half that saw annual production guidance for rutile reduce from 200 thousand tonnes to 185.

Earlier this month Citi analysts upgraded Iluka's shares to a buy rating with a price target of $13.70 off the back of improvements in pricing.

Iluka has also reduced net debt to $34 million from $183 million at December 31, 2017, with strong free cash flow of $226 million in the first half and a $69 million final dividend payment for 2017.

Fellow mineral sands miner Base Resources Limited (ASX: BSE) is gaining plenty of attention for its growth potential but BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) still hold the title for best buy and hold resources stocks.

The post Iluka Resources Limited (ASX:ILU) shares up as debt drops and revenue rises appeared first on The Motley Fool Australia.

Tom Richardson: CSL Limited (ASX: CSL)

I'll admit it would have been better to recommend this stock this time last year, but I think investors still have plenty of opportunity to get on board what is probably Australia's best blue-chip business. The medical products business has a moat evidenced by its strong track record of profit and dividend growth. CSL also reinvests large amounts of operational cash flow into research and development in order to commercialise the medical products of tomorrow. I don't see that changing over the years ahead and wouldn't be put off starting a position today despite the lofty valuation.

Motley Fool contributor Tom Richardson owns shares in CSL limited.

David Gow: Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Tristan Harrison: Paragon Care Ltd (ASX: PGC)   

Paragon is a small-cap healthcare provider that supplies devices, equipment, beds and other items to healthcare clients like aged facilities and hospitals. Before all of the new acquisitions, a majority of its revenue came from public hospitals, which means it has a defensive set of earnings.  

Australian healthcare expenditure has roughly doubled over the past 10 years and this could accelerate over the coming years due to the ageing population. New acquisitions means the company can offer its clients more products and this translates to bigger economies of scale over time. It's currently trading at 14x FY18's estimated earnings.  

Motley Fool contributor Tristan Harrison owns shares of Paragon Care Ltd. 

Matthew Breen: Base Resources Limited (ASX: BSE) 

Base Resources is an Australian mineral sands miner operating out of Africa. It is the 100% owner of the Kwale mine in Kenya as well as an 85% owner in the Toliara mine in Madagascar. As a result of the recent Toliara acquisition, Base has pencilled in earnings for the next 40 years. With a relatively low P/E ratio of 5.27, I believe the price is being held back by doubt over the successful development of the Toliara mine. However, Base Resources management has delivered historically and I believe the potential rewards far outweigh the risks.  

Motley Fool contributor Matt Breen has no finanial interest in Base Resources.

James Mickleboro: Aristocrat Leisure Limited (ASX: ALL)

In May this gaming technology company released its half-year results and reported a 24% increase in net profit on the prior corresponding period. The highlight for me was the increase in daily active users of its digital games. They rose 493% to 8.9 million and are currently averaging revenue of 41 U.S. cents per user per day. I believe these recurring revenues are attractive and will support the robust growth of its pokie machines business which has continued to win market share. While its shares aren't cheap, I'm confident its current growth profile can justify the premium.

Motley Fool contributor James Mickleboro has no financial interest in Aristocrat Leisure Limited.

Simon Proudman: National Storage REIT (ASX: NSR)

National Storage is a more unusual REIT. Moving away from the traditional office, retail or commercial property REITs, National Storage only focuses on self-storage, and mainly for residential customers.

In a fragmented market, the company is becoming a leader in the sector, buying and managing 127 sites across Australia and New Zealand. With an experienced management team following a successful approach to increasing yields across its growing asset base, NSR has seen profit growth of 11% over the last 12 months.

With a dividend yield of 6%, the share offers a nice income stream as well as the potential for capital growth.

Motley Fool contributor Simon Proudman owns shares in National Storage REIT.

The post Top stock picks for June appeared first on The Motley Fool Australia.

Three small caps that have stood out with solid gains today are listed below. Here's why they are on the up:

The Base Resources Limited (ASX: BSE) share price has pushed 6% higher to 26.5 cents. Today's increase is likely to be related to a change of director's interest notice which was filed this morning. According to the notice, non-executive director Ms Diane Radley was busy buying shares last week. She picked up 500,000 shares through on-market trades between May 9 and May 11 for an average price of 25 cents per share.

The Specialty Fashion Group Ltd. (ASX: SFH) share price has rocketed 50% higher to 57 cents after receiving an approach from Noni B Limited (ASX: NBL) for some of its assets. According to the release, Noni B has agreed to acquire the assets and businesses of Millers, Katies, Crossroads, Autograph and Rivers from Specialty Fashion for total consideration (on a cash free, debt free basis) of $31 million in cash. Specialty will retain the City Chic business. Although the businesses are making a loss at the moment, Noni B's management appears confident that it understands why this is happening and expects to turn things around successfully.

The Titomic Ltd (ASX: TTT) share price has surged almost 17% higher to $2.77 after the release of its second major announcement in the space of a week. Following last week's deal with Callaway Golf, this morning Titomic announced a memorandum of understanding with Italian shipbuilder Fincantieri Australia. The 12-month agreement will see Fincantieri evaluate the use of Titomic Kinetic Fusion in its manufacturing activities. I think this latest agreement highlights how promising Titomic's technology is.

The post Why these 3 small cap shares are storming higher today appeared first on The Motley Fool Australia.

Four shares that have fallen more than most today are listed below. Here's why they have tumbled lower:

The Auscann Group Holdings Ltd (ASX: AC8) share price has fallen almost 5% to 61 cents despite there being no news out of the pot stock. I suspect that today's decline will be a case of profit taking from day traders following its recent gains.

The AWE Limited (ASX: AWE) share price has fallen 3% to 85.5 cents after its board advised that it recommended shareholders accept the 83 cents per share takeover offer from Mineral Resources Limited (ASX: MIN).

The Base Resources Ltd (ASX: BSE) share price has plunged 16% to 25.5 cents after emerging from a trading halt. This morning the mineral sands company announced the completion of a placement and institutional entitlement offer to raise approximately $100 million at 25.5 cents per share. The proceeds will be used to fund the acquisition of the Toliara Sands Project in Madagascar.

The Pilbara Minerals Ltd (ASX: PLS) share price is down almost 5% to $1.13 after a research note out of Citi revealed that its analysts have downgraded the lithium miner to a sell rating largely on valuation concerns. The broker has a price target of $1.05 on its shares. I would class the lithium miner as a hold rather than a sell.

The post Why these 4 ASX shares tumbled lower today appeared first on The Motley Fool Australia.

There were four shares in particular which acted as a drag on the market to drop lower. Here's what happened:

1-Page Ltd (ASX: 1PG) shares dropped over 5% to 52.5 cents on Wednesday. Today's drop in its share price extends the tech company's decline to a massive 85% so far in 2016. It isn't hard to see why investors have been heading to the exits either. In its most recent quarter the company reported receipts from customers of just $94,000, while the company spent $5 million on operating expenses. In my opinion this is one tech share to stay clear of.

1-Page shares have climbed almost 12% in the last 30 days.

Audio Pixels Holdings Ltd (ASX: AKP) has dropped almost 5% to $27. The company is involved in the development and commercialisation of digital speakers. According to its presentation these speakers use techniques that have the potential to improve both the quality of sound and also the size of speakers. Although the company has advised that its speakers are close to production, I feel the rapid rise in its share price in recent months is based on pure speculation and could be prone to falling.

Audio Pixels' share price has risen over 36% in the last 30 days.

Base Resources Limited (ASX: BSE) shares plummeted 12.5% to 14 cents following the release of its investor presentation. Despite the mineral sands producer's management painting a positive outlook for the year ahead, the market doesn't appear to have seen enough in it to stay invested.

Base Resources shares are still up over 215% this year despite today's declines.

Somnomed Limited (ASX: SOM) shares didn't have the best day and slid 2.4% lower to $3.26. I feel the slight drop in its share price could make the sleep apnea treatment solutions company an interesting option for investors. Its sleep apnea solutions are not only less expensive and invasive than many alternatives on the market, but it has the advantage that doctors are potentially more likely to recommend it based on higher compliance rates. Definitely worth adding to your watch list in my opinion.

Somnomed shares are up almost 22% this year.

The post Why these 4 ASX shares are getting hammered appeared first on The Motley Fool Australia.