In good news for investors, the broker is optimistic about these three stocks. 

Here's what the broker had to say. 

Collins Foods Ltd (ASX: CKF)

Collins Foods is a prominent quick-service restaurant operator, primarily known for managing KFC franchises across Australia and Europe.

Its share price is down almost 20% over the last year, however Morgans sees a rebound in sight following the recent AGM. 

The broker said Collins Foods AGM trading update was positive. 

Group sales rose 6.6% over the first 17 weeks of FY27, with Australia resilient and European SSS (same-store-sales) inflecting from the weak start over the last 4 weeks, which we view positively in a tough consumer environment. 

Trading strengthened through the last 4 weeks, with KFC SSS of +3.1% in AU, +3.1% in the Netherlands, driven by the new Halal-certified range, and -0.1% in Germany, a material improvement on the -7.8% (Netherlands) and -7.2% (Germany) start over the first 8 weeks.

The broker has a buy rating and A$10.60 target price on these ASX shares. 

From current levels, this indicates over 28% upside. 

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Dalrymple Bay Infrastructure owns and operates the metallurgical coal export facility at Dalrymple Bay,  located at the Port of Hay Point, south of Mackay in Queensland. 

It is the world's largest coal export facility. 

It has risen 20% in the last 12 months, but share price weakness since June has led Morgans to upgrade its view on these ASX shares. 

We upgrade from HOLD to ACCUMULATE, given potential TSR at current prices of c.12% (including cash yield of 5.7%). 12 month target price +4 cps to $5.47/share due to refinements to tax modelling. Otherwise, no change in our fundamental outlook for the business over coming years.

These ASX shares closed trading yesterday at $5.27. 

Smartgroup Corporation Ltd (ASX: SIQ)

SmartGroup provides specialist employee management services to organisations throughout Australia. 

The company's services include salary packaging, novated leasing, vehicle fleet management, payroll, employee share plan administration, and workforce optimisation.

Morgans is optimistic about the company's next 12 months following its recent half-year results.

SIQ reported 1H26 NPATA of A$42.4m, up 11% yoy and broadly flat on 2H25. Strong revenue growth (+5.5% hoh) was absorbed by higher opex spend (+7.3% hoh), softening EBITDA margins to 41.1% (-100bps on 2H25). 

Given the meaningful share price pullback, we upgrade to an ACCUMULATE (previously HOLD). The 2H will benefit from the unwind of a substantial revenue pipeline, an ongoing supportive demand backdrop across novated leasing (policy led) and potential full-year capital management initiatives. A$12.15ps price target.

This indicates just over 7% upside from current levels. 

The post 3 ASX shares just got big upgrades and are tipped to rise almost 30% appeared first on The Motley Fool Australia.

Investors seemed to lose all of the optimism that defined the end of last week's trading, with the index opening sharply lower this morning. Although investors did have a temporary change of heart around lunchtime, sending the ASX 200 briefly back into positive territory, it wasn't to last. By the time the market closed, the index had lost 0.18% and closed at a flat 9,076 points.

This Garfield-esque start to the Australian trading week came after a similarly negative end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) gave up an early lead to finish down 0.018%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was more decisive, losing 0.52%.

But let's return to this week and our local markets now for a closer look at how the broader market's pessimism affected the different ASX sectors this Monday.

Winners and losers

Despite the market's overall falls, we saw a few sectors make some hay.

But first, it was gold stocks that were hit the hardest this session. The All Ordinaries Gold Index (ASX: XGD) was smashed down 4.33% by the closing bell.

Broader mining shares were also punished, with the S&P/ASX 200 Materials Index (ASX: XMJ) plunging 2.02%.

Tech stocks were also shunned. The S&P/ASX 200 Information Technology Index (ASX: XIJ) cratered 1.39% today.

Healthcare shares didn't have a healthy time either, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.61% dive.

Our final losers this Monday were consumer discretionary stocks. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) shrank 0.37%.

Let's turn to the winners now. It was financial shares that took the glory, with the S&P/ASX 200 Financials Index (ASX: XFJ) soaring 1.14% higher.

Consumer staples stocks ran hot, too. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) bounced 0.91% higher this session.

Communications shares were also in high demand, illustrated by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.78% jump.

Energy stocks found plenty of buyers as well. The S&P/ASX 200 Energy Index (ASX: XEJ) got a 0.54% bump.

Industrial shares got a reprieve as well, with the S&P/ASX 200 Industrials Index (ASX: XNJ) putting on 0.38%.

Real estate investment trusts (REITs) also got out with a win. The S&P/ASX 200 A-REIT Index (ASX: XPJ) ended up adding 0.18% to its total today.

Finally, utilities shares got over the line, as you can see by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 0.07% improvement.

Top 10 ASX 200 shares countdown

Property stock PEXA Group Ltd (ASX: PXA) was our top-performing stock on the index this Monday. Pexa shares surged 9.43% this session to close at $7.31 each. This leap higher came after Pexa reported its latest earnings, which investors clearly took a shine to.

Here's the rest of today's best:

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

What did Dalrymple Bay Infrastructure report?

• Terminal Infrastructure Charge (TIC) revenue of $156.5 million, up 3.6% on H1 FY25
• EBITDA of $150.5 million, up 4.7% from H1 FY25
• Statutory net profit after tax of $49.2 million, up 14.2% year on year
• Funds from Operations (FFO) of $92.7 million, up 10.2%
• Q2 FY26 distribution of 6.75 cents per security, with FY27 guidance of 28.62 cents per security (up 8.5%)
• Net debt of $2,012.3 million at 30 June 2026; investment grade balance sheet reaffirmed

What else do investors need to know?

Dalrymple Bay Infrastructure successfully issued a $350 million, five-year fixed rate bond under its new medium-term note program. This is part of its ongoing capital management strategy to diversify funding sources and manage refinancing risk.

The company continues to invest in major sustaining capital projects, with $370.6 million of committed non-expansion capital works in progress, including the Shiploader 1A and Reclaimer 4 projects. These are on track to be added to the regulated asset base by July 2027, potentially boosting future revenue.

Operationally, there were no fatalities, serious injuries, or reportable environmental incidents during the half. The terminal remains fully contracted on a take-or-pay basis through to June 2028, supporting stable cash generation.

What did Dalrymple Bay Infrastructure management say?

Dalrymple Bay Infrastructure CEO and Managing Director Michael Riches said:

H1-26 performance reflects the continued resilience of the business and the consistency of its earnings profile. During the period, we announced TIC guidance for TY-26/27 of $4.02 per tonne, an 8.1% increase on the prior year, demonstrating the value of DBI's stable and predictable pricing arrangements with customers, the quality of the delivery on its capital program (and consequent NECAP Asset Base additions) and the strength of its business model.

he issuance of Australian Medium-Term Notes during H1-26 has further diversified DBI's sources of debt funding and reflects DBI's proactive approach to managing its balance sheet, its refinancing risk and its cost of capital. This enhances DBI's financial flexibility and supports the funding of committed NECAP projects while maintaining an investment-grade credit profile.

Distributions also continue to grow, with guidance issued for TY-26/27 of 28.62 cents per security, payable in quarterly instalments. This represents an 8.5% increase on TY-25/26 distributions and reflects the continued strength and predictability of DBI's cashflows.

DBI remains focused on growing and managing the business to create long-term value for securityholders. Our objective remains to deliver sustainable growth in securityholder returns over time, and the first half of 2026 demonstrates our continued progress against that commitment.

What's next for Dalrymple Bay Infrastructure?

Looking ahead, Dalrymple Bay Infrastructure aims to deliver further organic revenue growth through the inclusion of completed capital projects in its asset base and completion of the Shiploader 1A and Reclaimer 4 builds. The company reaffirmed its medium-term distribution growth target of 3–7% per annum, subject to market conditions.

Management is also exploring opportunities for diversification, ongoing refinancing to manage debt costs, and environmental and sustainability initiatives across the terminal. With stable long-term contracts in place, the business plans to continue its focus on supporting future cashflow and shareholder distributions.

Dalrymple Bay Infrastructure share price snapshot

The Dalrymple Bay Infrastructure share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the last 12 months with a gain of almost 11%.

View Original Announcement

The post Dalrymple Bay Infrastructure posts stronger profit and higher distribution appeared first on The Motley Fool Australia.

The optimism that we saw earlier in the week was nowhere to be seen today, with the market staying in the red the entire session. By the time trading wrapped up, the ASX 200 had given up 0.75% of its value. That leaves the index at 8,772.3 points as we head into the weekend.

This rough end to the week for Australian investors comes after an even direr night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was in a mood, falling 0.97%.

It was even worse for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), which lost a nasty 2.15%.

But let's get back to the local markets now and see how the different ASX sectors weathered today's rough tides.

Winners and losers

There were only a handful of green sectors today, but more on those in a moment.

Firstly, it was gold shares that took the brunt of today's selling. The All Ordinaries Gold Index (ASX: XGD) had crashed 4.28% by the end of the day.

Tech stocks were hit hard too, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) tanking 3.98%.

We could say the same for mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) ended up cratering 2.84%.

Communications stocks had a tough one too, as you can see by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 1.52% slump.

Real estate investment trusts (REITs) didn't escape the storm. The S&P/ASX 200 A-REIT Index (ASX: XPJ) took a 1.18% dive.

Nor did consumer discretionary shares, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) giving up 1.06%.

Industrial stocks weren't much better. The S&P/ASX 200 Industrials Index (ASX: XNJ) was walked back 1.02%.

There wasn't anything healthy about healthcare shares either, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.95% dip.

Turning to the green sectors now, it was energy stocks that topped today's market. The S&P/ASX 200 Energy Index (ASX: XEJ) roared 0.93% higher.

Financial shares ran relatively hot too, with the S&P/ASX 200 Financials Index (ASX: XFJ) jumping 0.88%.

Utilities stocks were spared as well. The S&P/ASX 200 Utilities Index (ASX: XUJ) bounced up 0.8% this Friday.

Finally, consumer staples shares held their value, illustrated by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.4% rise.

Top 10 ASX 200 shares countdown

Taking out the top spot this Friday was energy stock Karoon Energy Ltd (ASX: KAR). Karoon shares shot up a healthy 10.84% this session to close the week at $1.79 each. There wasn't any news out that explains this, although most energy shares had a day to remember.

Here's the rest of today's best: 

Enjoy the weekend!

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Nothing is certain in the world of investing, but what is certain is that if you just leave it up to fate, you're more likely to have a surprise on the downside.

Time to do the sums on your superannuation

So, how much money do you actually need? As much as possible is the obvious answer; however, most of us have to strike a balance between what we can put away for the future and what we need to fund our current lifestyle.

A good yardstick for how much is needed is the figure published by the Association of Superannuation Funds of Australia (ASFA), which says that, for a comfortable retirement, singles need $55,923 per year and couples need $78,566 per year.

These figures assume the retiree owns their own home and is therefore not paying rent or a mortgage.

Looking at these figures, a $5000 per month superannuation income stream places a single retiree squarely in the comfortable zone, with a little buffer to play with.

To hit the $5000 per month target in terms of investment returns, assuming no drawdown of capital, a retiree would need $857,142 in their super if they could achieve a dividend return of 7% per year, which I'd argue is doable.

If that return were to drop to 5%, the amount needed in super would rise to $1.2 million, while it would drop to $600,000 if a 10% return could be achieved.

So, how realistic is a 7% return?

First, you have to take into account that retirees get the benefit of franking credits, meaning they are reimbursed for the tax paid by companies they own shares in.

For example, Fortescue Ltd (ASX: FMG) is paying a trailing dividend of 6.46%. But when the franking credit is added back in, this rises to 9.23%.

While high dividends cannot be assured over the longer term, it is possible to focus on companies or funds that specifically aim to return dividends rather than grow capital.

One such is WAM Active Ltd (ASX: WAA), which recently announced a special dividend on top of its final dividend.

The fund said in a statement to the ASX that this would bring its fully-franked dividend yield to 8.6% and its grossed-up dividend yield to 12.3%.

There is also the S&P/ASX 200 Covered Call Complex ETF (ASX: AYLD), which uses a more complex strategy to deliver high yields, paying 9.64% over the past 12 months, albeit only franked at 15.3%.

Infrastructure companies, which tend to plan for the long term, can also be consistent dividend payers, with gas pipeline company APA Group (ASX: APA) paying 5.63% and Dalrymple Bay Infrastructure Ltd (ASX: DBI) paying 4.56%.

The post How much do I need in superannuation to receive $5000 per month in passive income? appeared first on The Motley Fool Australia.

Some have simply run too far for that to still be true. Being honest means being upfront about which of these three ASX dividend shares still offer value, and which ones have become more of a quality holding than a bargain.

Here are three ASX dividend stocks that offer attractive yields at attractive prices for Australian investors.

Amcor Plc (ASX: AMC)

Amcor remains the clearest case of a well-priced dividend share on this list.

Its shares trade at approximately $61.67, still down materially from their 52-week high of $76.40. Amcor carries a dividend yield of approximately 5.9%, based on the most recently declared quarterly dividend of 91.0 AUD cents per share, annualised.

That yield is unfranked, reflecting Amcor's UK domicile and predominantly offshore earnings base. But the headline number remains attractive on an absolute basis.

Moreover, the company is performing. In the March 2026 quarter, Amcor delivered net sales of US$5.91 billion, up 77% year-on-year. Adjusted EBITDA surged 87% to US$892 million, as synergies from the completed Berry Global acquisition continued to come through.

CEO Peter Konieczny noted the result, stating:

The resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor.

Even better, Amcor pays dividends quarterly, giving income investors a more frequent cash flow than the twice-yearly norm on the ASX.

Suncorp Group Ltd (ASX: SUN)

Suncorp is the second well-priced name here, though the dividend outlook requires a degree of patience.

UBS expects Suncorp's FY2026 net profit and dividend to fall significantly due to catastrophe costs running roughly $580 million above budget, cutting its FY2026 EPS forecast by 31%.

Despite that near-term hit, UBS retains a buy rating with a $22 price target and forecasts an annual dividend of 66 cents per share for FY2026.

This implies a grossed-up yield of approximately 5.0% including franking credits.

The broker's more interesting observation is that the same catastrophe events pushing this year's dividend lower could "extend the positive home/motor pricing cycle," supporting a recovery in FY2027 and beyond.

UBS projects the dividend will climb toward $1.09 per share by FY2030, implying a forward grossed-up yield of approximately 8.2% at today's price.

This gap between a soft near-term number and a much stronger multi-year trajectory represents a potential attractive entry point for incoming investors.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Dalrymple Bay Infrastructure has appeared on dividend lists like this one before, and for good reason.

Why? The underlying business is high quality, with regulated, contracted revenue from its metallurgical coal export terminal in Queensland.

DBI shares hit an all-time high of $6.01 on 24 June 2026, up roughly 40% over the past twelve months. This has compressed the trailing yield to approximately 4.6%.

At an all-time high with a yield below 5%, DBI may not be the bargain it was earlier this year. However, shares have proven to be a reasonable holding for income investors over the long-term.

For investors seeking compounding dividends over the long term, DBI's high-quality business model provides a compelling investment case.

Foolish takeaway

Amcor and Suncorp both still offer a genuine combination of an attractive yield and a credible path to dividend growth from here.

Dalrymple Bay Infrastructure is a quality business with a proven track record of compounding earnings and dividends.

Income investors looking for high yield at a reasonable price don't need to look much further than these ASX dividend shares.

The post 3 well-priced ASX dividend shares to buy today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The problem is that most investors stop looking after the big four banks and Wesfarmers Ltd (ASX: WES).

They miss a layer of income opportunities that offer comparable or higher yields, from businesses most retail investors have never considered.

Here are three worth putting on the radar.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

If you have never heard of Dalrymple Bay Infrastructure, you are not alone.

But for income investors, it is one of the most reliable quarterly dividend payers on the entire ASX.

Dalrymple Bay Infrastructure owns and operates the Dalrymple Bay Terminal, the world's largest export metallurgical coal facility, located near Mackay in Queensland.

Critically, Dalrymple Bay Infrastructure is not really a coal company in the traditional sense.

It operates under a regulated access regime, meaning its revenues are set by the Queensland Competition Authority through a pricing framework, not the coal price.

Think of it as a toll road operator that collects fees regardless of what commodity prices do.

The results speak for themselves.

In TY-26/27, Dalrymple Bay Infrastructure raised its distribution guidance by 8.5% to 28.62 cents per security, underpinned by a forecast Terminal Infrastructure Charge of $4.02 per tonne.

At the current share price of approximately $5.54, that implies a forward distribution yield of approximately 5.2%, rising to around 5.7% at the upper end of management's 3% to 7% long-term distribution growth target.

The terminal is fully contracted at 84.2 million tonnes per annum until 30 June 2028, with evergreen renewal options beyond that date.

Distributions are paid quarterly in March, June, September, and December, giving investors four income payments per year.

Amcor Plc (ASX: AMC)

Amcor is not entirely unknown, but it is overlooked far more often than its dividend deserves.

The global packaging giant makes flexible and rigid packaging for food, beverages, healthcare, and consumer goods across more than 200 countries.

People still buy groceries and medicine in a downturn.

That gives Amcor a revenue base that holds up regardless of the economic cycle.

Following the completion of its Berry Global acquisition in 2025, Amcor is now one of the largest packaging companies on the planet, with combined annual sales approaching US$24 billion.

The company pays dividends quarterly in March, June, September, and December, and at the current share price of approximately $55, trades on a trailing yield of approximately 6.8%, unfranked.

Amcor's dividends do not carry franking credits, as the company is domiciled in the United Kingdom.

This reduces the after-tax return for investors in higher Australian tax brackets.

However, for investors holding shares inside superannuation at the 15% tax rate, or those in lower tax brackets, the yield remains very attractive.

In Q3 FY2026, Amcor delivered net sales of US$5.91 billion, up 77% year-on-year, with adjusted EBITDA surging 87% to US$892 million, as Berry Global synergies tracked ahead of schedule.

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs REIT owns more than 50 convenience-based shopping centres across Australia.

Tenants across its portfolio include Woolworths Ltd (ASX: WOW), Wesfarmers, and Coles Ltd (ASX: COL).

These defensive assets generate foot traffic regardless of consumer confidence.

People will still buy groceries, visit the pharmacy, and drop the kids at childcare even in a downturn.

In its first-half FY2026 results, HDN maintained occupancy and cash rent collections above 99%, delivered property NOI growth of 4.6%, and reaffirmed its full-year FY2026 distribution guidance of 8.6 cents per unit.

Most recently, HDN declared a Q3 FY2026 quarterly distribution of 2.15 cents per unit, paid on 22 May 2026, keeping it on track to meet full-year guidance.

At the current share price of approximately $1.24, that annualised distribution implies a forward yield of approximately 6.9%.

Distributions are paid quarterly in February, May, August, and November.

With gearing of 34.6% sitting comfortably within management's 30% to 40% target, HDN has the financial capacity to keep growing its $650 million development pipeline without stretching its balance sheet.

Foolish takeaway

Dalrymple Bay Infrastructure, Amcor, and HomeCo Daily Needs REIT are three very different businesses, but they share a common characteristic.

Each generates predictable, recurring cash flows from assets or contracts that do not depend on economic optimism to keep performing.

For income investors who are tired of fighting over the same bank shares everyone else owns, all three deserve a place on the watchlist.

The post 3 ASX dividend shares offering yields above 5% that most investors have never heard of appeared first on The Motley Fool Australia.

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

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura Rare Earths share price is down 11% to 27.5 cents. The catalyst for this has been news that the rare earths developer has raised $350 million through an institutional placement. The company is raising the funds at a 16.1% discount to its last close price. Arafura's CEO and managing director, Darryl Cuzzubbo, said: "The strong support received for this capital raising is a clear endorsement of the Nolans Rare Earths Project and Arafura's role in building a diversified, Western rare earths supply chain. With this successful result and the Board's recent Final Investment Decision, we look forward to commencing construction of this nationally significant project, which we are targeting in around September 2026."

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is down almost 2% to $5.50. This has been driven by the terminal infrastructure and services provider's shares going ex-dividend this morning. Earlier this month, the company declared a quarterly dividend of 6.75 cents per share. This will be paid to eligible shareholders next month on 12 June.

Tuas Ltd (ASX: TUA)

The Tuas share price is down a further 4% to $2.22. Last week, this Singapore-based telco terminated its proposed acquisition of M1 Limited. This followed news that authorities had suspended the review of the deal after Tuas' Simba business allegedly used spectrum it did not own. It said: "Simba continues to co-operate with the investigation being undertaken by the Infocomm Media Development Authority into potential breaches of the Telecommunications Act and the conditions of Simba's Facilities-Based Operator Licence. Tuas will keep shareholders updated in relation to that investigation."

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is down 4% to $30.84. Investors have been selling this energy producer's shares following a pullback in oil prices on Monday. Traders have been selling oil amid optimism that the US and Iran will soon sign a peace deal and reopen the Strait of Hormuz. It isn't just Woodside shares that are falling on the news. The S&P/ASX 200 Energy index is down 2% at the time of writing.

The post Why Arafura Rare Earths, Dalrymple Bay, Tuas, and Woodside shares are falling today appeared first on The Motley Fool Australia.

This week the company delivered a double dose of good news for shareholders.

Dalrymple Bay Infrastructure announced an 8.5% lift in distribution guidance and declared a Q1 FY26 distribution of 6.75 cents per stapled security.

The result is that income investors now have greater visibility over their income stream from this ASX infrastructure stock.

And they have reasons to cheer.

What Dalrymple Bay Infrastructure actually does

Dalrymple Bay Infrastructure owns and operates the Dalrymple Bay Coal Terminal, a critical piece of bulk export infrastructure located near Mackay in Queensland.

The terminal is one of the largest metallurgical coal export facilities in the world, with a throughput capacity of 84.2 million tonnes per annum.

Critically, the terminal operates under a regulated access regime, meaning its revenues are not directly exposed to coal prices but are instead set by the Queensland Competition Authority through a pricing framework that allows Dalrymple Bay Infrastructure to recover its costs and earn a regulated return on capital.

In other words, Dalrymple Bay Infrastructure benefits from highly visible cashflows, collecting fees for the use of its infrastructure regardless of commodity price movements.

The distribution update

Dalrymple Bay Infrastructure announced this week that distribution guidance for TY-26/27 has been set at 28.62 cents per stapled security, an 8.5% increase on the prior period.

That increase is supported by an 8.1% rise in the forecast Terminal Infrastructure Charge to approximately $4.02 per tonne for TY 26/27.

This reflects the regulated pricing framework that underpins Dalrymple Bay Infrastructure's revenue.

The terminal remains fully contracted at 84.2 million tonnes per annum until 30 June 2028.

What's more, evergreen renewal options provide additional visibility beyond that date.

The company pays distributions on a quarterly basis, in March, June, September, and December.

These distributions are structured as a combination of unfranked dividends and loan note repayments.

This has tax implications that investors should factor into their calculations.

The long-term income track record

Beyond this week's announcement, the longer-term income track record at Dalrymple Bay Infrastructure is genuinely impressive for a stock of its size.

In FY2025, Dalrymple Bay Infrastructure reported Funds from Operations of $173.3 million, up 10.6%, and grew its annual distribution by nearly 12%.

Furthermore, Dalrymple Bay Infrastructure chairman David Hamill reaffirmed this week that the company targets annual distribution growth of 3% to 7% for the foreseeable future, a commitment that gives income investors a clear framework for modelling future returns.

Dalrymple Bay Infrastructure shares have risen 37% over the past twelve months.

Consequently, investors who bought a year ago have enjoyed strong capital growth on top of the income stream.

What the chairman said

Dalrymple Bay Infrastructure chairman David Hamill summarised the investment proposition clearly at this week's AGM, stating:

With a low-risk business model and predictable cashflows, DBI is well positioned to deliver growing distributions and sustainable long-term value.

From an income investor's perspective, this is highly reassuring.

Foolish takeaway

Dalrymple Bay Infrastructure may not a high-growth stock.

However, for investors who prioritise reliable, growing income over capital appreciation, the company offers a rare combination of quarterly distributions, an inflation-linked regulated revenue base, and a long-term growth target.

In a volatile market, that kind of predictability has real value for investors.

The post Why this ASX infrastructure stock could be a great passive income choice appeared first on The Motley Fool Australia.

Among the 11 market sectors, materials is in the lead today, up 1%, while utilities is the laggard, down 1%.

Let's take a look at some stocks that have received renewed buy recommendations from the experts this week.

Tuas Ltd (ASX: TUA)

The Tuas share price is $2.27, down 1.7% today.

The ASX 200 telco share is down 63% since news dropped that the company has allegedly been using spectrum it doesn't own.

Morgan Stanley kept its buy rating on Tuas shares with a $10 target this week.

This implies a massive potential capital gain of 325% over the next year.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is $5.60, down 0.8% today.

Over the past six months, this ASX 200 industrial share has leapt 25%.

Citi reaffirmed its buy rating and raised its 12-month target from $5.75 to $6.10 on Thursday.

This suggests a potential 8% upside ahead.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is $4.75, up 0.9% today.

This ASX 200 agribusiness share has tumbled 45% over six months.

Canaccord Genuity renewed its buy rating with a $6.88 target on Monday.

This implies potential capital growth of 45% over the next year.

Megaport Ltd (ASX: MP1)

The Megaport share price is $12.98, up 1.2% today.

Over the past month, this ASX 200 technology share has ripped 48% higher.

Morgans renewed its buy rating and raised its target from $13.50 to $15.50 this week.

This suggests a potential 19% upside ahead.

The broker commented:

MP1 has announced a series of large contract wins which are financially and strategically significant.

MP1 will use its globally unique communications platform to connect servers and GPU clusters in numerous DCs across the US.

DC power constraints are a growing issue and MP1 was uniquely able to stitch together multiple sites to provide consolidated inference solutions.

Electro Optic Systems Holdings Ltd (ASX: EOS)

The Electro Optic Systems share price is $8.98, up 12% on Friday.

Over the past month, this ASX 200 defence share has fallen 16%.

Canaccord Genuity renewed its buy rating and raised its target from $12.50 to $14 this week.

This suggests a potential 24% upside ahead.

Charter Hall Group (ASX: CHC)

The Charter Hall share price is $19.35, up 0.5% today.

This real estate investment trust (REIT) has declined 21% over the year to date.

Morgan Stanley reiterated its buy rating with a price target of $26.89 on Monday.

This implies a potential near-40% upside ahead.

James Hardie Industries plc (ASX: JHX)

The James Hardie share price is $29.10, up 4% today.

This building materials supplier is the largest non-mining company in the ASX 200 materials sector.

James Hardie shares have fallen 19% over 12 months.

This week, James Hardie released its FY26 results.

Amid subdued construction activity, broker Morgans said FY26 could be "chalked up as a transformational but financially dilutive year, while FY27 is about margin and cash-recovery driven by synergies rather than any improvement in the housing market".

Morgans reiterated its buy rating with a price target of $39.

This implies potential capital gains of 34% ahead.

The post 7 ASX shares with strengthened buy ratings this week appeared first on The Motley Fool Australia.

By the time the markets closed, the ASX 200 had shed a nasty 1.26%. That leaves the index back under 8,500 points at 8,496.6.

This rough mid-week session for the Australian markets follows a similarly negative night on the American bourse.

The Dow Jones Industrial Average Index (DJX: .DJI) drifted lower, dropping 0.65%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more pessimistic, falling 0.84%.

But let's return to the local markets now for a deeper look into how today's tough trading conditions filtered down into the various ASX sectors this session.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Shares in the infrastructure company – which owns the Dalrymple Bay Coal Terminal (DBCT) in Queensland – closed yesterday trading for $5.33. In morning trade on Wednesday, shares are swapping hands for $5.52 apiece, up 3.6%.

This sees the company commanding a market cap of $2.7 billion, and once more outperforming the benchmark index.

Indeed, at time of writing, the ASX 200 is down 0.6%, taking its one-year gains down to 2.5%.

Over this same time, Dalrymple Bay shares have gained 34.6%. And that's not including dividends. Unlike many dividend shares, the ASX 200 stock makes quarterly payments. It currently trades on a partly franked 4.5% trailing dividend yield.

Here's what's catching investor interest today.

ASX 200 stock jumps on passive income boost

Investors are bidding up Dalrymple Bay shares after the company announced a first-quarter (Q1 FY 2026) dividend of 6.75 cents per share. That's up 14.4% from the Q1 2025 payout.

The ASX 200 stock also looks to be getting a boost after management increased dividend guidance for FY 2026/27 by 8.5%. The company now expects to pay out 28.62 cents a share in dividends for the full year.

The increased payout is supported by an 8.1% increase in Dalrymple's forecast Terminal Infrastructure Charge to around $4.02 per tonne.

And passive income investors will have been pleased at the company's reaffirmation of its annual dividend growth target of 3% to 7% "for the foreseeable future".

Dalrymple Bay Annual General Meeting

The ASX 200 stock is also hosting its Annual General Meeting (AGM) today.

"With a low-risk business model and predictable cashflows, DBI is well positioned to deliver growing distributions and sustainable long-term value", Dalrymple Bay chairman David Hamill noted.

Taking a look back at the company's achievements in FY 2025, Dalrymple Bay CEO Michael Riches noted that the company managed to grow revenue, profits, and dividends "whilst maintaining a safe workplace".

Digging into the numbers, Riches said:

EBITDA [earnings before interest, taxes, depreciation and amortisation] rose 5.2% year-on-year to $294.3 million and our funds from operations, or FFO, increased 10.6% to $173.3 million…

We continued to invest back into the growth of our business, with committed capital projects at 31 December 2025 of approximately $429.6 million…

The strong financial performance resulted in a distribution of 24.625 cents per security being returned to securityholders during FY-25, an 11.9% increase on the prior year.

The post Why this $2.7 billion ASX 200 stock is charging higher in Wednesday's sinking market appeared first on The Motley Fool Australia.

What did Dalrymple Bay Infrastructure report?

• Forecast Terminal Infrastructure Charge (TIC) for TY-26/27 is ~$4.02 per tonne, up 8.1% on the prior year.
• Distribution guidance for TY-26/27 set at 28.62 cents per stapled security, an 8.5% uplift versus the previous period.
• Q1-26 distribution of 6.75 cents per stapled security declared, matching previous guidance.
• Terminal remains fully contracted at 84.2Mtpa until 30 June 2028, with evergreen renewal options.
• Distribution to be paid as a mix of unfranked dividend and loan note repayment.

What else do investors need to know?

Dalrymple Bay Infrastructure's updated guidance points to stable cashflows, as the company continues to operate on a 100% take-or-pay basis with its contracted customers. The major increase in the Terminal Infrastructure Charge reflects higher non-expansionary capital expenditure (NECAP), underpinning the uplift to the asset base.

The forecast incorporates an additional $97.8 million of NECAP spend and ongoing indexation to the Australian CPI, helping sustain consistency in DBI's targeted distributions. All future distributions remain subject to board approval and prevailing market conditions.

What's next for Dalrymple Bay Infrastructure?

Dalrymple Bay Infrastructure reaffirmed its annual distribution growth target of 3–7% for the foreseeable future, subject to business performance and conditions. The company plans to continue investing in its terminal infrastructure to ensure ongoing reliability, capacity, and value for securityholders.

Management emphasises the business's role as a critical export gateway and its stable, long-term contracts. This consistent strategy aims to deliver secure, predictable income streams and maintain the company's commitment to its established payout policy.

Dalrymple Bay Infrastructure share price snapshot

Over the past 12 months, Dalrymple Bay Infrastructure shares have risen 30%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Dalrymple Bay Infrastructure lifts distribution guidance and declares Q1 FY26 payout appeared first on The Motley Fool Australia.

US President Donald Trump said he called off a military strike on Iran, planned for tomorrow, following appeals from Persian Gulf nations.

This has generated optimism that US-Iran negotiations might restart.

Meanwhile, let's take a look at fresh ratings on three ASX shares.

Civmec Ltd (ASX: CVL)

The Civmec share price is $1.63, down 1.2% today, and up 64% over the past 12 months.

Civmec reported net profit after tax (NPAT) of $13.5 million, up 45% year over year, for 3Q FY26.

Baxter Kirk from Bell Potter has a buy rating on this ASX All Ords industrial share with a $1.90 price target. 

In a new note, Kirk said:

With a diverse $1.35b order book underpinned by increased Resources activity and defence orders, CVL is well-positioned for growth.

Further, with tendering activity increasing and the company undertaking greater ECI work, the outlook for order book growth continues to brighten.

In our view, CVL remains an attractive investment due to 1) undemanding value relative to its peers, 2) improving sector outlook, and 3) increasing defence exposure.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is $5.32, up 1.3% today, and up 30% over the past year.

Mitch Belichovski from Morgans has a hold rating on this ASX 200 industrial share. 

On the The Bull this week, Belichovski said:

The share price has performed well since March as the company retains predictable and resilient cashflows.

EBITDA growth is driven by CPI-linked base charges and incremental earnings on commissioned non-expansionary capital expenditure (NECAP) projects.

DBI continues to generate long term appeal, delivering an attractive distribution yield.

In our view, it also remains a potential merger and acquisition target.

LGI Ltd (ASX: LGI)

The LGI share price is $3.52, down 0.3% on Tuesday, and up 22% over 12 months.

LGI recovers biogas from landfills and converts it to electricity and eco-friendly products.

Belichovski has a sell rating on this ASX All Ords utilities share. 

The analyst said:

While LGI provides exposure to the decarbonisation theme, the company competes with several larger entities for landfill gas amid a limited number of larger sites to support electricity generation.

The share price pull back between mid April to May 13 is primarily due to ongoing weakness in wholesale electricity prices.

Also, according to our analysis, investors are cautious about the Mugga Lane strategic growth project, which potentially poses a risk to EBITDA guidance in fiscal year 2026.

The post Buy, hold, sell: Civmec, LGI, Dalrymple Bay Infrastructure shares appeared first on The Motley Fool Australia.

Meanwhile, brokers have lowered their ratings on five ASX 200 shares this week.

Let's take a look.

Lottery Corporation Ltd (ASX: TLC)

The Lottery Corporation share price finished yesterday's session at $5.35, up 1.1%.

This ASX 200 consumer discretionary share has risen 2.9% in the year to date (YTD).

Morgan Stanley downgraded Lottery Corporation shares to a hold rating this week.

The broker has a 12-month price target of $5.70, implying a 7% upside from here.

Sigma Healthcare Ltd (ASX: SIG) 

The Sigma Healthcare share price finished Thursday's session at $2.89, down 1%.

Sigma Healthcare shares have risen 8.2% over the past month.

Morgans downgraded the ASX 200 healthcare share from buy to accumulate this week.

This means Morgans is still positive on the stock, but it says recent share price strength has necessitated a moderated rating.

SIG has provided a solid trading update to 30 April (domestic) and to 31 March (international), noting continuing GLP-1s tailwinds.

SIG continues its international expansion with entry into the UK market and expanding distribution capacity in New Zealand.

We have made minor upgrades to forecasts however a higher risk-free rate sees our valuation reduce modestly to A$3.30 (was $3.36).

The broker's target price implies a potential 14% capital gain over the next year.

Coles Group Ltd (ASX: COL)

The Coles share price closed at $21.81, up 0.4%, on Thursday.

This ASX 200 consumer staples share has fallen 2.5% over six months.

Bell Potter downgraded Coles shares from buy to hold this week.

The broker raised its price target from $22.35 to $22.80, suggesting a 4.5% upside from here.

Bell Potter said:

The shortfall between retail shelf price inflation and underlying food inflation in both Woolworths Group Ltd (ASX: WOW) and COL has widened in the recent quarter.

The competitive backdrop appears to be lifting and liquor remains challenged in a rising cost environment.

Trading a discount to WOW, there is a relative value argument to be made, particularly given the more limited exposure to discretionary channels in the near term, however we see more compelling GARP opportunities elsewhere in the consumer staples space at this juncture.

Imdex Ltd (ASX: IMD)

The Imdex share price closed at $3.94 yesterday, down 11.1%.

Over the past year, this ASX 200 materials share has lifted 45%.

Imdex develops cloud-connected devices and drilling optimisation products for the mining sector.

Jefferies downgraded Imdex shares to a hold rating on Wednesday.

The broker lifted its price target from $4.25 to $4.80, implying a 22% upside from here.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price closed at $5.27 on Thursday, down 3%.

Over the past six months, this ASX 200 industrials share has leapt 22%.

Morgans downgraded Dalrymple Bay Infrastructure shares to a hold rating this week.

The change was largely due to a 17% share price surge since March.

The broker explained:

DBI's share price has increased c.17% since our high conviction upgrade of the stock's rating in March. We moderate from BUY to HOLD, given 12 month potential total return has compressed to c.3%.

Next key event is this month's AGM. We expect DBI to provide new DPS guidance for the next 12 months at or around that time and target 29.5cps.

The broker shaved its price target to $5.31, implying virtually no upside ahead.

Dalrymple Bay Infrastructure will host its AGM on Wednesday 20 May in Brisbane.

The post 5 ASX 200 shares downgraded by experts this week appeared first on The Motley Fool Australia.

Dalrymple Bay owns and operates the metallurgical coal export facility at Dalrymple Bay,  located at the Port of Hay Point, south of Mackay in Queensland. It is the world's largest coal export facility, serving the coal-rich Bowen Basin and is an important link in the global steelmaking supply chain.

Today, its share price is down more than 3% despite the broader ASX 200 storming ahead. 

At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is a full 1% higher.

This comes after an investor update earlier this week.

What did Dalrymple Bay Infrastructure report?

• Funds From Operations (FFO) rose 10.6% year-on-year to $173.3 million
• EBITDA increased 5.2% to $294.3 million for FY-25
• Distributions per security lifted 11.9% to 24.625 cents
• Capital projects worth $429.6 million completed or underway as at 31 March 2026
• $1.07 billion in new debt financing executed during the period
• Zero serious injuries or illnesses recorded for FY-25

Despite these results, its share price has fallen almost 4%. 

After a volatile 2026 so far, its share price remains 6% higher than the start of the calendar year. 

What is Morgans saying about this ASX 200 stock?

The team at Morgans have released updated guidance on this ASX 200 stock following its investor presentation. 

The broker noted that this ASX 200 company's share price has increased 17% since Morgan's high conviction upgrade of the stock's rating in March. 

However it seems the broker now views it as fully valued. 

We moderate from BUY to HOLD, given 12 month potential total return has compressed to c.3%. 12 month target price set at $5.31/sh, down -4cps from previously due to negligible forecast changes related to actual March CPI (used in the July annual escalation of TIC revenue), higher QCA-approved non-expansionary capex for inclusion in the asset base than previously indicated by DBI (also impacts July's revenue escalation), and updated debt service forecasts. 

Limited upside

From today's share price hovering around $5.26, this updated price target of $5.31 from Morgans indicates it is trading close to fair value. 

The broker said the next key event is this month's AGM. 

We expect DBI to provide new DPS guidance for the next 12 months at or around that time and target 29.5cps.

It appears the broader market agrees there is limited upside for this ASX 200 stock.

Specifically, 8 analyst forecasts via TradingView place an average upside potential of roughly 5% on the company.

The post Why did this ASX 200 stock just get downgraded by Morgans? appeared first on The Motley Fool Australia.

What did Dalrymple Bay Infrastructure report?

• Funds From Operations (FFO) rose 10.6% year-on-year to $173.3 million
• EBITDA increased 5.2% to $294.3 million for FY-25
• Distributions per security lifted 11.9% to 24.625 cents
• Capital projects worth $429.6 million completed or underway as at 31 March 2026
• $1.07 billion in new debt financing executed during the period
• Zero serious injuries or illnesses recorded for FY-25

What else do investors need to know?

DBI's foundation asset, Dalrymple Bay Terminal (DBT), continues as the world's largest export facility for metallurgical coal, with all 84.2Mtpa of capacity fully contracted to at least June 2028 on take-or-pay arrangements. The company's revenue is largely protected from volume risk and sees annual price indexation with inflation.

Significant growth projects—such as the NECAP capital program and the planned 8X expansion—are advancing, with $429.6 million invested in improvements and expansions supporting future returns. DBI has also reaffirmed its strategic focus on ESG, with no reported safety incidents and ongoing community and sustainability contributions.

What's next for Dalrymple Bay Infrastructure?

Investors can expect DBI to provide distribution guidance for FY-26/27 at its upcoming AGM. The company is targeting organic and external growth, with the next stage of the NECAP expansion and the 8X project both set to support long-term uplift in revenues and distributions.

DBI remains focused on disciplined capital management, further refinancing opportunities, and potential asset diversification, all while maintaining its investment grade credit ratings and maximising securityholder returns.

Dalrymple Bay Infrastructure share price snapshot

Over the past 12 months, Dalrymple Bay Infrastructure shares have risen 34%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Highlights from Dalrymple Bay Infrastructure's latest investor presentation appeared first on The Motley Fool Australia.

That's because they have recently been named as buys by analysts at Morgans. Here's what the broker is recommending to clients:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Dalrymple Bay Infrastructure is the owner of the Dalrymple Bay Terminal, which provides terminal infrastructure and services for producers and consumers involved in Australian coal exports.

It effectively functions as a metallurgical coal export facility that operates as a gateway for coal from the Bowen Basin and forms part of the global steelmaking supply chain.

Morgans believes that recent share price weakness has created a buying opportunity for income investors. It said:

DBI's share price has declined c.14% since its high on its FY25 reporting day in February. We see no factor causing a material change to the fundamental value of the business. Our forecasts and valuation includes the higher interest rate environment and elevated short-term inflation. Hence no change to our $5.35 target price. Forecast changes are negligible.

At current prices we estimate potential TSR of c.21% (including a forecast 6.2% cash yield). We view this as an attractive return (with significant margin of safety) for a defensive but growing infrastructure asset. Hence we upgrade from HOLD to BUY.

As for income, the broker is forecasting dividends of 28 cents per share in FY 2026 and then 31 cents per share in FY 2027. Based on its current share price of $5.07, this would mean dividend yields of 5.5% and 6.1%, respectively.

GQG Partners Inc (ASX: GQG)

Another ASX dividend share that Morgans recently upgraded to a buy rating is fund manager GQG Partners.

It appears optimistic that a recent uptick in its investment performance could be the start of a turnaround after a long period of fund outflows. It said:

GQG has provided a February FUM update.  Whilst monthly net flows remained negative (-US$3.2bn), strong February investment performance (+US$10.5bn), which drove +4.5% FUM growth, made this a positive update in our view. We lift our GQG FY26F/FY27F EPS by +1%-+2%, driven by increased FUM forecasts based on better investment performance than we expected. Our PT rises to A$2.03 (previously A$1.89).

We acknowledge it remains early, but the improved January and February investment performance for GQG might mark the start of a business turnaround. We continue to see the stock as undervalued trading on 8x FY1 PE and an ~11% dividend yield. With >20% TSR upside, we move to a BUY rating, previously Accumulate.

Morgans is expecting very generous dividend yields of over 10% in FY 2026 and FY 2027.

The post Where to invest $2,000 in ASX dividend shares appeared first on The Motley Fool Australia.

After suffering some nasty drops this week, investors couldn't quite summon up the fortitude to end the week higher today. Although the ASX 200 did spend some time in green territory this session, it ended up closing 0.14% lower.

That leaves the index at 8,617.1 points as we head into the weekend.

This uninspiring end to the Australian trading week follows a far nastier morning on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) was a car crash-like scene, enduring a 1.56% drop.

Things were even worse for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), which lost 1.78% of its value.

But let's get back to the local markets now and see how the various ASX sectors ended their trading weeks.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.