Technology was the strongest of the 11 ASX 200 market sectors following a commanding lead from Wall Street.

The NASDAQ Composite Index (NASDAQ: .IXIC) has been on a tear in April and hit a new record high last week.

As of Friday's market close (Australian time), the NASDAQ had recorded 12 consecutive days of gains — its best run since 2009.

ASX 200 tech shares have followed suit, but not in a straight line. The sector has lifted 18.47% since the rebound began on 31 March.

It appears investors may have overcome their fears about artificial intelligence (AI).

Investors have fretted over large AI spending and the potential for AI tools like Claude to wipe out software-as-a-service (SaaS) providers.

These fears drove a near halving in the value of the S&P/ASX 200 Information Technology Index (ASX: XIJ) in just seven months.

You read that right — the tech index experienced an extraordinary 48% sell-off between 29 August and 30 March.

No other sector recorded significant gains last week amid the ongoing war in Iran and a major fire at one of Australia's two oil refineries.

Only five ASX 200 sectors finished the week in the green.

Let's recap.

ASX 200 tech shares led the market last week

The ASX 200's largest tech company, WiseTech Global Ltd (ASX: WTC), skyrocketed 22.72% to finish the week at $46.18 per share.

The Xero Ltd (ASX: XRO) share price leapt 14.72% to $81.98, while TechnologyOne Ltd (ASX: TNE) jumped 11.34% to $30.83.

NextDC Limited (ASX: NXT) shares rose 10.14% to $14.12 and Life360 Inc (ASX: 360) increased 9.6% to $21.35.

The Megaport Ltd (ASX: MP1) share price screamed 26.53% to $8.49.

Hansen Technologies Ltd (ASX: HSN) shares soared 9.37% to $5.02.

ASX 200 hotel booking platform provider, Siteminder Ltd (ASX: SDR), ripped 13.27% to $3.33 per share.

Nuix Ltd (ASX: NXL) shares stormed 10.96% higher to $1.26 apiece, while Appen Ltd (ASX: APX) rose 12.77% to $1.59.

The Weebit Nano Ltd (ASX: WBT) share price lifted 7.41% to $4.06.

Objective Corporation Ltd (ASX: OCL) shares lifted 6.97% to $11.82.

The Dicker Data Ltd (ASX: DDR) share price ascended 4.19% to $8.95.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

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The technology distributor currently offers a dividend yield of about 5.2%, with payments made quarterly, which is relatively uncommon on the ASX.

At the time of writing, the stock is trading around $8.52, leaving it down roughly 15% over the past month despite a modest intraday recovery.

That weakness may make the yield look more attractive, but investors still need to consider whether the income is worth the risk of being overly exposed to a single stock.

Why Dicker Data stands out for passive income

The biggest attraction here is the company's long track record of regular, fully-franked quarterly dividends.

Its most recent payment was 11.5 cents per share, paid on 19 March 2026. Across FY25, the business returned 44 cents per share.

The latest FY25 result also showed the core business remains in solid shape. Revenue increased 12.5%, gross profit rose 14.9%, and both EBITDA and NPAT moved higher. This gives the company a stronger base to keep paying reliable quarterly dividends.

That profit growth is important because dividends are only as reliable as the earnings behind them.

Dicker Data also recently updated its payout policy to distribute 80% to 100% of NPAT, down from the previous higher range, as management focuses on strengthening the balance sheet.

That is not necessarily a bad thing. A slightly lower payout ratio can make the dividend more sustainable during weaker periods and give the company more flexibility if technology spending slows.

The risk of going all in

The problem with putting 100% into Dicker Data is not the quality of the business. It is the lack of diversification.

Even though the company has built a strong position in IT distribution across hardware, software, cloud, cybersecurity, and AI infrastructure, it still operates in the technology sector, where earnings can be influenced by business spending cycles.

That can make earnings less stable, which in turn can make future dividend growth less reliable.

There is also stock-specific risk to consider.

If one major vendor relationship changes, margins come under pressure, or enterprise spending softens during a weaker economic period, shareholders are fully exposed when their portfolio is concentrated in a single company.

This is why even high-quality dividend shares are usually better held as part of a broader income portfolio, alongside exposure to banks, infrastructure, healthcare, and other sectors.

Foolish Takeaway

Dicker Data looks like a quality ASX tech share for passive income, especially for investors who value fully-franked quarterly dividends and exposure to long-term growth in IT spending.

But putting 100% into one stock still creates unnecessary risk, no matter how reliable the dividend history looks.

A more balanced approach would be to make Dicker Data part of a diversified passive-income strategy rather than the sole position.

The post Should I put 100% of my money into this ASX dividend stock for passive income? appeared first on The Motley Fool Australia.

It's a welcome reprieve for investors after the Australian-owned technology company's share price crashed 18% in late February to early March. There has been some recovery since the sharp sell-off, but the shares are still down 16% year to date.

What caused the Dicker Data share price crash?

There wasn't one sole factor which caused the ASX dividend stock to crash, but a combination of headwinds which all hit at the same time. 

Geopolitical uncertainty in the face of the escalating war in the Middle East caused a sector-wide sell-off earlier this month. At the same time, Australia is faced with the prospect of multiple cash rate increases as the Reserve Bank tries to get on top of soaring inflation.

The combination saw investors sell up their riskier stocks in sectors like technology, and shifted into safe-haven assets instead. 

Why is Dicker Data a good ASX dividend stock?

Despite the sharp investor sell-off over the past month, Dicker Data's fundamentals are still sound. In late February, the company announced a 12.5% increase in its statutory revenue for FY25 and a 14.9% increase in gross revenue. EBITDA and NPAT also increased by 5.9% and 8.8%, respectively.

The strong results meant the tech business could declare a final dividend of 11.5 cents per share, bringing fully franked dividends for FY25 to 44 cents. Management also confirmed a revised payout range of 80% to 100% of NPAT.

Not only does Dicker Data distribute a significant portion of its earnings to investors, but it also does so regularly. Unlike many other ASX dividend stocks, the company has paid a quarterly, fully franked dividend to its investors since 2016. That provides some strong cash generation.

Right now is a buying opportunity for investors

TradingView data shows that investors are mostly bullish on Dicker Data's outlook. Five out of eight analysts have a buy or strong buy rating on the ASX dividend stock, and another three have a hold rating.

Regardless, the consensus is for a strong upside over the next 12 months. The maximum target price of $12.50 implies a 47% upside at the time of writing. Even the minimum $10.30 target price implies analysts think the stock will soar 21%.

It looks like the ASX dividend stock's latest share price weakness has created a compelling buying opportunity for long-term investors seeking reliable income and growth.

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From infrastructure operators to financial services companies and real estate investment trusts, there are many businesses that generate reliable cash flows and return a large portion of those earnings to shareholders through dividends.

For investors looking to build a portfolio that produces steady income, here are three ASX income stocks that I think are worth considering right now.

Transurban Group (ASX: TCL)

Transurban is one of the most well-known infrastructure companies on the ASX and a favourite among income investors.

The company owns and operates major toll roads across Australia and North America. These assets are essential pieces of infrastructure that generate steady revenue from millions of drivers each year.

What I like about Transurban's business model is its predictability. Its toll roads operate under long-term concession agreements that allow toll prices to increase regularly.

Combined with higher traffic volumes from population growth and urbanisation, this has historically supported consistent earnings and distribution increases.

Because of this, Transurban has been able to deliver dependable income to investors over long periods and I expect this trend to continue in the future.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Pinnacle is a diversified investment management company that partners with a range of specialist fund managers.

Rather than running a single asset management business, Pinnacle provides distribution, operational, and strategic support to its affiliated investment boutiques. In return, it earns a share of the fees generated by those managers.

This model gives Pinnacle exposure to multiple investment strategies and markets, which can help diversify its earnings.

As funds under management grow across its affiliates, the company's earnings can increase as well. That growth has allowed Pinnacle to steadily increase its dividends over time.

For income investors who want exposure to the asset management sector, Pinnacle offers a combination of dividend income and long-term growth potential.

Dicker Data Ltd (ASX: DDR)

Dicker Data is one of Australia's leading technology distributors.

The ASX income stock acts as a key link between major global technology vendors and thousands of resellers across Australia and New Zealand. Its partners include some of the biggest names in the technology industry.

Despite operating in the technology sector, Dicker Data's business model is surprisingly stable. The company earns relatively small margins on a very large volume of product sales, which can produce steady cash flows.

That strong cash generation has allowed Dicker Data to build a reputation as a reliable dividend payer.

For investors seeking income, the company's consistent payouts and established market position make it an appealing option to consider.

Foolish takeaway

Reliable dividend income often starts with owning businesses that generate consistent cash flow.

Transurban's infrastructure assets, Pinnacle's growing funds management platform, and Dicker Data's established distribution network each support strong earnings and shareholder payouts.

Because of that, these three companies are among the ASX income stocks that I think are well worth a closer look right now.

The post 3 of the best ASX income stocks to buy now appeared first on The Motley Fool Australia.

At the time of writing, shares in the technology distributor are up 0.93% to $8.69.

Despite the modest rise today, Dicker Data shares have pulled back significantly in recent months. The stock is down about 16% over the past week and roughly 15% year-to-date, leaving it trading well below recent highs.

For long term investors seeking reliable income and growth, that weakness could be creating an opportunity.

Let's take a closer look at why this ASX dividend stock may be worth considering.

A proven dividend payer

One of the biggest attractions of Dicker Data is its long track record of returning cash to shareholders.

The company pays quarterly fully franked dividends, which is relatively uncommon on the ASX. Over the past several years, it has consistently distributed a large portion of its earnings.

For example, the company recently declared a final dividend of 11.5 cents per share, continuing its steady stream of payments. Across FY25, fully franked dividends totalled 44 cents per share.

Dicker Data recently reviewed its dividend policy and confirmed it plans to distribute between 80% and 100% of net profit after tax (NPAT) to shareholders, subject to cash and capital requirements.

At current prices, the stock offers a dividend yield of around 5.1%, supported by those regular quarterly payments.

Positioned to benefit from rising IT spending

Beyond dividends, Dicker Data also benefits from long-term growth in technology spending.

The company distributes hardware, software, cloud infrastructure and cybersecurity products to resellers across Australia and New Zealand. This places it in the middle of a major and expanding industry.

According to Gartner forecasts, IT spending in Australia is expected to reach about $172.3 billion in 2026, representing 8.9% growth year-on-year.

Demand is being driven by several structural trends including cloud computing, artificial intelligence (AI), cybersecurity and data centre expansion.

Dicker Data is also positioning itself for the next phase of growth in AI. The company has been working with partners such as Dell Technologies and Cisco to develop AI infrastructure solutions, including new AI platforms expected to roll out in the first-half of 2026.

If businesses continue upgrading their technology systems, Dicker Data should remain well placed to benefit.

Foolish bottom line

Dicker Data may not always attract the same attention as some high profile technology companies. But its business model is simple, profitable and cash generative.

The company has a strong reputation with major technology vendors and has built a network that supports thousands of resellers across Australia and New Zealand.

Combined with reliable earnings and quarterly dividends, Dicker Data offers investors attractive income potential. It also provides exposure to long term growth in technology spending.

With the Dicker Data share price well below recent highs, long-term investors may see today's weakness as a chance to buy.

The post 1 incredibly cheap ASX dividend growth stock to buy now and hold for decades appeared first on The Motley Fool Australia.

From infrastructure and banks to retailers and asset managers, there are many companies that return a meaningful portion of their profits to shareholders through dividends. For investors building a portfolio designed to generate reliable income, that creates plenty of choice.

Here are five ASX dividend shares that I think are worth considering.

Dicker Data Ltd (ASX: DDR)

Dicker Data is one of Australia's leading technology distributors, supplying hardware, software, and cloud services to resellers across Australia and New Zealand.

The business has built a strong reputation with vendors and partners, which has allowed it to grow consistently over many years. What I like about Dicker Data from an income perspective is its approach to shareholder returns.

The company has a long track record of paying regular dividends and typically distributes a large portion of its profits. While earnings can fluctuate with technology spending cycles, the underlying business model has proven resilient.

For investors seeking income exposure to the technology sector, Dicker Data is an interesting option.

Flight Centre Travel Group Ltd (ASX: FLT)

Flight Centre's shares have been under pressure over the past year, but the company remains confident in its long-term outlook.

The company has rebuilt its earnings following the pandemic and remains one of the world's largest travel retailers. Its global footprint across leisure and corporate travel gives it scale and diversification that can support profits over time.

As I wrote here this week, consensus forecasts suggest Flight Centre's dividend could continue growing in the years ahead.

And if travel demand remains healthy and recent acquisitions deliver on their promise, Flight Centre's dividend potential could improve meaningfully over time.

Macquarie Group Ltd (ASX: MQG)

Macquarie Group is widely regarded as one of Australia's highest-quality financial institutions.

Its diversified business spans asset management, infrastructure investing, commodities trading, and banking services. That diversification helps smooth earnings across different market cycles.

Macquarie also has a solid record of returning capital to shareholders through dividends. While payouts can vary depending on profitability, the bank's global platform and strong capital position give it flexibility to keep rewarding investors over the long term.

For income investors looking for exposure beyond the traditional big four banks, Macquarie stands out as a compelling alternative.

Lottery Corporation Ltd (ASX: TLC)

Lottery Corporation operates some of Australia's best-known lottery brands, including Powerball and Oz Lotto.

Lottery businesses tend to be highly cash generative and relatively defensive. Ticket sales can hold up well even during softer economic conditions, and operating costs are relatively predictable.

That combination allows Lottery Corporation to pay attractive dividends to shareholders. The company has positioned itself as a reliable income play since its demerger, supported by steady cash flow from lottery products.

For investors seeking income with a defensive tilt, it is an ASX dividend share worth keeping on the radar.

GQG Partners Inc (ASX: GQG)

GQG Partners is a global asset manager that has grown quickly in recent years thanks to strong investment performance and significant inflows.

Asset management businesses can be highly profitable when funds under management are expanding, and GQG has been returning a substantial portion of its earnings to shareholders.

Because its dividends are linked to profitability, payouts can fluctuate with markets and flows. However, when conditions are favourable, the income generated for shareholders can be very attractive.

For investors comfortable with some variability in dividends, GQG Partners offers exposure to the growth of global funds management alongside appealing income potential.

Foolish takeaway

Building an income portfolio on the ASX doesn't have to mean sticking to the same handful of companies.

Dicker Data, Flight Centre, Macquarie Group, Lottery Corporation, and GQG Partners all offer different sources of dividend income across technology distribution, travel, financial services, gaming, and asset management.

For investors focused on generating income from shares, I think these five ASX dividend shares are worth considering.

The post 5 ASX dividend shares to buy for income in 2026 appeared first on The Motley Fool Australia.

The Dicker Data share price closed down 6.98% to $9.19, marking its lowest level since August 2025. The sell-off comes amid a wider risk-off move across the ASX following escalating conflict in the Middle East.

But with the stock now well below its recent highs, the key question is whether this pullback has created value.

Let's unpack.

A solid FY25 result

The weakness in the Dicker Data share price comes only days after the company released its full-year results last Thursday.

For FY25, Dicker Data reported statutory revenue of $2.57 billion, up 12.5% year-on-year. Gross revenue rose 14.9% to $3.88 billion, while EBITDA increased 5.9% to $159.4 million.

Net profit after tax (NPAT) came in at $85.6 million, up 8.8% on the prior year. Earnings per share (EPS)lifted 8.6% to 47.4 cents.

In Australia, gross revenue climbed 17.2% to $3.28 billion, supported by strength in software and end point solutions. New Zealand revenue was more modest, up 3.6% to $581.2 million, though profit before tax in that segment jumped 37.2%.

The company declared a final dividend of 11.5 cents per share, bringing fully franked dividends for FY25 to 44 cents. Management also confirmed a revised payout range of 80% to 100% of NPAT.

What do the technical indicators show?

Technically, momentum has weakened in recent sessions.

At $9.19, the shares are trading below the lower Bollinger Band on the daily chart, which indicates short-term oversold conditions. The 14-day relative strength index (RSI) is sitting around 33, just above traditional oversold territory of 30.

Immediate support appears near the $9 mark, which previously acted as a base in mid-2025. A clear break below that level could see the share price drift into the high $8 range.

On the upside, resistance may now sit between $10 and $10.30, an area that has capped rallies in recent months.

Overall, momentum remains negative, but the stock is nearing levels where buyers have previously stepped in.

Is this a bargain buy?

Fundamentally, Dicker Data is still leveraged to ongoing growth in data centres, cyber security, and AI infrastructure. Management recently pointed to increasing exposure to AI solutions, including partnerships with Dell Technologies and Equinix.

Gartner expects Australian IT spending to reach $172.3 billion in 2026, up 8.9% year-on-year. If that forecast proves accurate, Dicker Data should be well placed as a major distributor across software, infrastructure, and end point hardware.

That said, the business operates on relatively tight margins and remains exposed to swings in IT spending and inventory cycles.

Even so, at a 7-month low, the share price may look more attractive to those confident in continued IT and AI growth.

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Meanwhile, the S&P/ASX 200 Index (ASX: XJO) rose 1.84% to finish at 9,081.4 points on Friday.

As earnings season continued, strong results and higher oil prices pushed the ASX 200 to a new record of 9,118.3 points on Thursday.

That beat the previous record of 9,115.2 points set on 21 October.

Eight of the 11 market sectors finished the week in the green.

Let's recap.

ASX tech shares led the market last week

Last week was a welcome bright spot for ASX 200 tech shares, which are in the midst of a prolonged rout.

And boy, is it ugly.

The S&P/ASX 200 Information Technology Index (ASX: XIJ) has fallen by more than 40% over the past six months.

We took a deep dive into the issues plaguing the sector last week.

In a nutshell, there's fear in the market over artificial intelligence (AI).

Investors are worried about high tech stock valuations, extraordinary AI capex, and whether AI could white-ant SaaS companies.

Perhaps a rebound is now underway, given last week's 6.55% increase for the tech sector.

Let's take a look at what happened in the sector last week.

WiseTech Global Ltd (ASX: WTC) shares lifted 10.51% to finish at $47.10 ahead of the company's earnings release on Wednesday.

The Xero Ltd (ASX: XRO) share price rose 5.51% to $77.54.

NextDC Limited (ASX: NXT) shares slipped 0.71% to $13.92.

TechnologyOne Ltd (ASX: TNE) shares soared 22.71% to $24.74, with investors reassured by upgraded FY26 guidance at last week's AGM.

Shares in electronics solutions provider Codan Ltd (ASX: CDA) lifted 1.37% to $34.69.

Life360 Inc (ASX: 360) shares increased 8.27% to $23.84.

The Megaport Ltd (ASX: MP1) share price tumbled 9.98% after the company reported an underlying net loss of $3.3 million for 1H FY26.

The Dicker Data Ltd (ASX: DDR) share price rose 7.32% to $10.41 ahead of its earning report on Thursday.

Macquarie Technology Group Ltd (ASX: MAQ) shares rose 5.4% to $67.19.

The Data#3 Ltd (ASX: DTL) share price lifted 4.24% to $9.10 ahead of the IT solutions provider's earnings release on Monday.

Objective Corporation Ltd (ASX: OCL) shares increased 6.4% to $14.

The Iress Ltd (ASX: IRE) share price edged 0.43% higher to $7.05 ahead of the financial technology company's report on Wednesday.

The Catapult Sports Ltd (ASX: CAT) share price rose 5.72% to $3.51.

Hansen Technologies Ltd (ASX: HSN) soared 16.29% to $5.14 after the company reported a 389.1% lift in net profit for 1H FY26.

Hansen is one of a large group of ASX 200 shares going ex-dividend next week. The tech stock will pay a dividend of 5 cents per share.

Shares in hotel bookings management platform provider, Siteminder Ltd (ASX: SDR) rose 4.62% to $3.62.

The Weebit Nano Ltd (ASX: WBT) share price fell 0.2% to $4.90.

Shares in wealth management software company Bravura Solutions Ltd (ASX: BVS) fell 7.45% to $1.93.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

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At a 5% average dividend yield, a $20,000 portfolio can produce roughly $1,000 in annual income.

The key is selecting a mix of ASX shares that together deliver that yield while still offering business quality and the potential for future growth.

Here's how that could look using four ASX dividend shares.

Dicker Data Ltd (ASX: DDR)

The first ASX dividend share to include is Dicker Data.

Dicker Data is one of Australia's leading technology hardware and software distributors. While tech distributors are not always viewed as classic income stocks, Dicker Data has built a strong position supplying vendors and resellers across Australia and New Zealand.

The company currently offers a trailing dividend yield of around 4.3%. Its earnings can fluctuate with IT spending cycles, but long-term demand for technology infrastructure continues to underpin its business.

HomeCo Daily Needs REIT (ASX: HDN)

To lift the overall portfolio yield closer to 5%, adding a higher-yielding REIT can help.

HomeCo Daily Needs REIT focuses on neighbourhood retail centres anchored by essential services such as supermarkets, healthcare providers, and everyday convenience outlets. These tenants tend to generate stable foot traffic regardless of broader economic conditions.

This ASX share currently offers a trailing yield of approximately 6.6%, making it one of the stronger income contributors in this mix.

Transurban Group (ASX: TCL)

Another income anchor is Transurban. It owns and operates major toll roads across Australia and North America. These assets generate long-term, inflation-linked revenue streams based on traffic volumes.

The company's shares currently provide a trailing dividend yield of around 4.8%. While traffic can fluctuate with economic conditions, long concession lives and population growth in key cities support the long-term case.

Universal Store Holdings Ltd (ASX: UNI)

The final ASX dividend share in this portfolio is Universal Store.

Universal Store operates youth-focused fashion brands and has continued to generate solid cash flow despite a challenging retail environment. With a trailing dividend yield of roughly 4.3%, it adds both income and potential growth exposure from its store rollout and private label strategy.

Retail earnings can be cyclical, but strong brand positioning and disciplined store expansion support the long-term outlook.

Bringing it together

By spreading $20,000 evenly across these ASX shares, the blended yield comes in at roughly 5%. That translates to about $1,000 per year in passive income, assuming dividends remain stable.

Importantly, this mix combines infrastructure, property, retail, and technology distribution, reducing reliance on a single sector.

The post Invest $20,000 in these 4 ASX shares and get $1,000 passive income appeared first on The Motley Fool Australia.

Instead of relying only on share price gains, dividend stocks pay cash into your account simply for holding them. That can make a real difference over time, especially when dividends are reliable and well supported.

Here are 3 ASX dividend stars that currently offer attractive income for investors looking beyond the usual 'big four' bank shares.

Woodside Energy Group Ltd (ASX: WDS)

Woodside is one of Australia's largest oil and gas producers and a heavyweight in the ASX energy sector.

The company generates strong cash flow from its LNG and energy operations, allowing it to pay generous dividends to shareholders.

At current prices, Woodside is offering a dividend yield of roughly 6.5%, depending on market movements. Most recent dividends have been fully franked, which adds extra value for Australian investors at tax time.

Woodside's dividend policy aims to return a large portion of profits to shareholders. While energy prices can fluctuate, Woodside's scale and diversified asset base help smooth earnings across the cycle.

As a result, Woodside remains one of the strongest high-yield options on the ASX outside the banking sector.

Dicker Data Ltd (ASX: DDR)

Dicker Data operates in a very different space, supplying IT hardware, software and cloud solutions to businesses across Australia and New Zealand.

What makes Dicker Data stand out is its long track record of paying dividends. Since listing, the company has consistently returned profits to shareholders and built a reputation for reliability.

At present, Dicker Data offers a dividend yield of around 5.5%, supported by quarterly fully franked dividend payments throughout the year.

Unlike many technology companies, Dicker Data is profitable, cash-generative and conservative with debt, helping support dividends even when technology spending slows.

This positions Dicker Data as a strong income option outside the mining and energy sectors.

BlueScope Steel Ltd (ASX: BSL)

BlueScope Steel is one of Australia's largest steel producers, supplying construction and infrastructure markets both locally and offshore.

Its regular dividend yield is lower than the other two stocks on this list. However, BlueScope has recently declared a large special dividend, which has lifted shareholder returns.

When special dividends are included, BlueScope's effective yield for the year moves above 5%, making it attractive for income investors who are comfortable with some cyclicality.

Steel prices and demand can fluctuate, so BlueScope's dividends are not as predictable from year to year. That said, the company's strong balance sheet gives it flexibility to return excess cash when conditions allow.

Foolish takeaway

These 3 stocks show there is still solid income available on the ASX.

Woodside offers attractive income backed by energy cash flows. Dicker Data provides consistency and reliability. BlueScope adds the potential for boosted returns through special dividends.

High yields can be appealing, but the best income comes from businesses that can keep paying through good times and bad.

The post Here's 3 ASX dividend stars yielding over 5% appeared first on The Motley Fool Australia.

With that in mind, here are five ASX dividend shares that could be worth considering if you want an income boost:

APA Group (ASX: APA)

APA is one of Australia's leading energy infrastructure companies. It owns and operates gas pipelines and energy assets across the country. The company's revenues are largely regulated or contracted, which provides strong visibility over future cash flows. This stability has allowed APA to steadily grow its distributions over time. In fact, APA has been able to increase its dividend each year for over a decade. APA is guiding to a dividend of 58 cents per share in FY 2026. This represents a dividend yield of approximately 6.4%.

BHP Group Ltd (ASX: BHP)

Another ASX dividend share that could be worth a look is BHP. It is of course one of the world's largest diversified miners, generating enormous cash flow from its iron ore, copper, and metallurgical coal operations. While commodity prices can bounce around, BHP's low-cost operations and strong balance sheet have enabled it to pay substantial dividends across cycles. Morgans expects a dividend of $2.15 per share in FY 2026. This would mean a dividend yield of 4.5%.

Dicker Data Ltd (ASX: DDR)

Dicker Data is an IT hardware and software distributor with a long track record of steady revenue growth, resilient margins, and rising dividends. As digital infrastructure spending grows across the corporate sector, Dicker Data is positioned to continue rewarding shareholders with fully franked dividends. It currently trades with a trailing dividend yield of 4.3%.

Telstra Group Ltd (ASX: TLS)

As Australia's largest telecommunications provider, Telstra generates steady cash flows from its mobile and network businesses. The good news is that strong demand for 5G and data services, together with periodic price increases and a focus on cost control, means Telstra is expecting to grow its dividend over the remainder of the decade. Macquarie expects an increase to 20 cents per share in FY 2026. This represents a fully franked 4.2% dividend yield.

Transurban Group (ASX: TCL)

Transurban is a leading owner and operator of toll roads across Australia and North America. These roads generate recurring revenue supported by long-term concessions and inflation-linked toll increases. The team at Citi expects this to underpin an increase in its dividend to 69.5 cents per share in FY 2026. This would mean a 5% dividend yield at current prices.

The post 5 ASX dividend shares to buy for an income boost appeared first on The Motley Fool Australia.

But for long-term investors, dividends can be far more powerful when they are treated as a tool for compounding rather than income.

Used the right way, ASX dividends can quietly accelerate portfolio growth and play a major role in building wealth over time.

Here is how I would approach turning ASX dividends into long-term wealth.

Start with dividends that are sustainable

The most important thing to look for in dividend investing is not yield, but sustainability.

High dividend yields can look attractive on paper, but they are often a warning sign if they are not backed by strong earnings and cash flow. Businesses that consistently generate surplus cash, maintain sensible payout ratios, and reinvest wisely are far more likely to keep paying dividends through different market conditions.

Australian shares with resilient business models and long operating histories tend to form a strong foundation for dividend-led investing, even if their yields are not the highest in the market. This could mean shares such as Woolworths Group Ltd (ASX: WOW), Universal Store Holdings Ltd (ASX: UNI), and Dicker Data Ltd (ASX: DDR).

Reinvest dividends early on

The real power of dividends shows up when they are reinvested.

When dividends are used to buy more shares, those extra shares generate their own dividends, which can then be reinvested again. Over time, this compounding effect can become significant, even if the initial income feels modest.

In the early and middle stages of investing, reinvesting dividends is often more effective than taking the cash. It allows the portfolio to grow without needing additional savings and removes the temptation to time new investments.

Focus on dividend growth

Some of the best dividend outcomes come from companies that start with modest payouts but grow them over time.

As earnings rise, dividends can increase, lifting the income generated by the portfolio each year. This is particularly valuable over long periods, as it helps income keep pace with inflation and supports total returns.

Companies such as CAR Group Limited (ASX: CAR) or Lovisa Holdings Ltd (ASX: LOV) show how steady earnings growth can underpin rising shareholder returns without needing aggressive payout ratios.

Use dividends to strengthen the portfolio

Dividends do not always need to be reinvested into the same stock.

As a portfolio grows, dividend income can be redirected toward areas offering better value or diversification at the time. This allows investors to rebalance gradually without selling existing holdings or adding fresh capital.

Over long periods, this approach can improve portfolio resilience and reduce the impact of market cycles, while still benefiting from compounding.

Foolish takeaway

Dividends are not just about income today.

When reinvested consistently and supported by sustainable businesses, ASX dividends can become a powerful engine for long-term wealth creation. By focusing on quality, reinvesting early, and giving compounding time to work, investors can turn regular dividend payments into meaningful long-term outcomes.

The post How to turn ASX dividends into long-term wealth appeared first on The Motley Fool Australia.

Here's why I think they could be top picks for income investors in 2026:

Accent Group Ltd (ASX: AX1)

Accent Group operates a portfolio of well-known footwear brands and has shown it can manage inventory, margins, and store rollouts with discipline. While retail is often seen as unpredictable and trading conditions are tough at present, I believe the next decade will be very positive as it rolls out the Sports Direct brand across the country. So, with its shares down heavily over the past 12 months, now could be an opportune time to snap up shares.

Dicker Data Ltd (ASX: DDR)

Dicker Data could be an ASX dividend stock to buy for 2026. It is a computer hardware and software distributor. This position gives it exposure to long-term technology spending without the volatility often associated with frontline tech businesses. As long as businesses continue upgrading systems and infrastructure, demand flows through its network. That has translated into reliable earnings and dividends over the past decade. I expect this trend to continue over the next decade.

Harvey Norman Holdings Ltd (ASX: HVN)

Harvey Norman is one of Australia's largest retailers. In addition, it owns a substantial property portfolio. This provides an additional layer of support during weaker retail cycles and gives management flexibility when allocating capital. While its earnings can move with consumer spending, Harvey Norman has historically been able to generate enough cash to reward shareholders across all cycles. I believe this will continue in the future.

Rural Funds Group (ASX: RFF)

Another ASX dividend stock to look at is Rural Funds Group. It owns agricultural assets such as farmland, water entitlements, and vineyards, leasing them to operators on long-term agreements. This structure means income is driven more by lease contracts than commodity prices and earnings visibility is very high. This has allowed the company to increase its dividend consistently over the past decade, with more of the same expected over the remainder of the 2020s.

Woolworths Group Ltd (ASX: WOW)

Finally, Woolworths could be an ASX dividend stock for income investors to buy. This supermarket giant sits at the centre of Australian household spending, with scale that allows it to manage pricing, supply, and margins more effectively than most competitors. That operational depth supports steady cash generation year after year. And while it may not offer the highest dividend yield in the market, it has potential to grow at a solid rate over the next 10 years.

The post 5 excellent ASX dividend stocks I would buy in 2026 appeared first on The Motley Fool Australia.

If I were starting today with a 15-year time horizon, my focus wouldn't be on generating income immediately. Instead, I would concentrate on building the engine first, then letting income emerge naturally over time.

Years 1–5

In the early years, my priority would be capital growth. At this stage, passive income is far less important than expanding the size of the portfolio. The bigger the base, the more powerful the income potential will be later.

I would lean towards high-quality ASX growth shares with strong business models, recurring revenue, and long growth runways. This might include shares such as WiseTech Global Ltd (ASX: WTC), Life360 Inc. (ASX: 360), and Pro Medicus Ltd (ASX: PME).

Any dividends received during this phase would be reinvested automatically. This is because rather than taking the cash and spending it, reinvesting the funds quietly increases the number of shares I own, which compounds future income.

The key takeaway here is simple: don't touch the income, let it snowball.

Years 6–10

By the middle of the journey, the portfolio would ideally be meaningfully larger. At this point, I would start paying more attention to passive income quality, not just growth rates.

I wouldn't abandon ASX growth shares, but I would begin adding businesses with dependable cash flows, pricing power, and a history of sustainable dividends. Think companies that can both grow earnings and pay shareholders more each year, such as Woolworths Group Ltd (ASX: WOW), Universal Store Holdings Ltd (ASX: UNI), and Dicker Data Ltd (ASX: DDR).

Dividends would still mostly be reinvested, but psychologically this is where the strategy becomes motivating. You start to see income numbers that actually feel tangible. This phase is about balance, allowing the portfolio to keep growing while laying the foundations for future cash flow.

Years 11–15

In the final stretch, the strategy would gradually tilt towards income reliability. By now, the portfolio should be large enough that even modest dividend yields translate into meaningful dollars.

This is when I would reduce exposure to growth stocks and increase weightings to high-quality dividend payers and income-focused ETFs like HomeCo Daily Needs REIT (ASX: HDN) and Telstra Group Ltd (ASX: TLS). Importantly, I wouldn't chase high yields. The goal is sustainable passive income, not the highest possible payout this year.

At this stage, I would still expect some growth, but stability becomes more important than speed.

Foolish takeaway

A growing passive income stream from ASX shares isn't built by chasing dividends on day one. It is built by owning quality businesses, reinvesting early income, and slowly shifting gears as time does the work for you.

Start with growth, transition to a balanced portfolio, and finish with income. Give it 15 years, and the results could be life-changing.

The post How I'd build a growing passive income stream from ASX shares over 15 years appeared first on The Motley Fool Australia.

On the ASX, a small group of companies fit this profile, standing out for their ability to deliver reliable dividends year after year.

Here's why 2 of these dividend giants deserve a place in any long-term income portfolio.

Dicker Data (ASX: DDR)

Dicker Data is one of the quiet achievers of the ASX.

The company is a major IT distributor across Australia and New Zealand, supplying hardware, software, and cloud solutions from global brands like Microsoft, Cisco, HP, Lenovo, and Dell. While it may not attract much attention, it is well-positioned to benefit from ongoing growth in cloud computing, AI, and cybersecurity.

What really sets Dicker Data apart for income investors is its quarterly dividend.

Unlike most ASX companies that pay twice a year, Dicker Data pays shareholders every 3 months.

Over the past year, it has consistently paid 11 cents per share each quarter, or 44 cents annually, fully franked. At the current price of $10.21, that equates to a yield of roughly 4.3%, before franking credits.

Brokers have often pointed to the company's strong cash generation and conservative balance sheet as key strengths. Even while paying regular dividends, Dicker Data continues to invest in new warehouses, automation, and expanding its vendor relationships.

For income-focused investors, Dicker Data stands out as a business that rewards shareholders while continuing to grow. Its regular dividends are supported by a solid and well-run operation.

Woodside Energy Group Ltd (ASX: WDS)

Woodside is one of the biggest income payers on the ASX.

The company is Australia's largest oil and gas producer, with major LNG and energy assets that generate strong cash flow. Even after a weaker share price, Woodside is offering a fully franked dividend yield of around 7% at recent prices.

Over the past year, the company paid about $1.65 per share in dividends. That level of income is why Woodside continues to appeal to dividend investors.

Some brokers have raised concerns about softer energy prices and recent management changes. Even so, most still expect Woodside to produce enough cash to keep paying solid dividends over the next few years.

Woodside also has a clear dividend policy aimed at smoothing out earnings ups and downs. This helps provide shareholders with more stable income, even when energy markets move around.

Foolish bottom line

While their businesses couldn't be more different, Dicker Data and Woodside Energy both stand out as shares that reward long-term investors with dividends.

Dicker Data pays regular dividends every three months and benefits from long-term growth in technology. Woodside pays large, fully-franked dividends supported by ongoing global demand for energy.

For investors looking to build reliable income over time, these Australian shares can be held for the long run.

The post 2 Australian dividend giants to buy and never sell appeared first on The Motley Fool Australia.

At this level, the company offers a dividend yield close to 5%, but what really sets it apart from most ASX 200 dividend stocks is the frequency of its payouts. Dicker Data pays dividends every 3 months, which is why income investors often pay close attention to it.

For someone building a passive income stream, getting paid quarterly instead of twice a year can be incredibly appealing.

A company with a strong dividend habit

Dicker Data is one of the largest IT distributors in Australia and New Zealand, supplying hardware, software, and cloud solutions from major global brands, including Cisco, Microsoft, Lenovo, HP, and Dell. Although it may not be a household name, it powers a significant portion of the country's IT channel through thousands of reseller partners.

The company has also benefited from ongoing demand for cloud migration, AI infrastructure, and cybersecurity spending. These tailwinds have supported steady revenue growth across its FY25 results, helping strengthen its cash flow and dividend capacity.

In August, Dicker Data reported:

• Double-digit revenue growth driven by cloud and AI products
• Improved gross margins
• Strong operating cash flow
• A fully-franked dividend of 11 cents per share

And management has been clear that dividends remain a priority, noting that distributions will continue to reflect the company's cash generation.

A quarterly dividend that feels like passive income

The company has paid 11 cents fully franked every 3 months for the last 12 months. This works out to be 44 cents annually. At today's share price, that is close to a 5% fully-franked yield.

For a $10,000 investment, that would translate into roughly:

• $440 a year in dividends, or
• $572 a year, including franking credits

Is Dicker Data still growing?

Even as the company pays out regular dividends, it continues to invest heavily in expanding its distribution network, warehouses, and vendor partnerships. Its exposure to AI-related infrastructure has also been growing, which could be a meaningful driver over the next few years.

Macquarie and other brokers have highlighted Dicker Data as a beneficiary of the multi-year shift toward cloud services, device upgrades, and data centre growth.

Foolish Takeaway

Dicker Data is one of the rare ASX dividend stocks that pays its shareholders every 3 months. With a near 5% yield, fully franked dividends, and a business tied to long-term technology growth, it offers a mix of stability and income that is hard to find.

The post This 5% ASX dividend stock could pay me every quarter like clockwork appeared first on The Motley Fool Australia.

But which ASX dividend shares are in the buy zone? Let's take a look at three that analysts are recommending to clients. They are as follows:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that could be a buy according to analysts is Adairs. It is one of Australia's leading homewares retailers.

Adairs has returned to form recently following a difficult period. And with improved inventory management, stronger online performance, and cost efficiencies flowing through, the company now sits in a healthier financial position.

As consumer sentiment gradually improves, Adairs' margin profile and cash generation should improve, supporting its fully franked dividend. Morgans expects the company to pay fully franked dividends of 11 cents per share in FY 2026 and then 15.5 cents per share in FY 2027. Based on its current share price of $1.85, this equates to dividend yields of 6% and 8.4%, respectively.

Morgans has a buy rating and $2.60 price target on its shares.

BHP Group Ltd (ASX: BHP)

Another ASX dividend share that could be a top pick for passive income is BHP.

The Big Australian's world-class and low cost mining assets generate significant free cash flow through the cycle, allowing the company to continue rewarding its shareholders even when commodity prices soften.

Morgan Stanley expects BHP to pay dividends of approximately $1.90 per share in FY 2026 and then $1.70 per share in FY 2027. This would mean dividend yields of 4.4% and 4%, respectively.

The broker also sees plenty of upside for investors with its overweight rating and $48.00 price target.

Dicker Data Ltd (ASX: DDR)

A third ASX dividend share that analysts rate as a buy is Dicker Data. It is an IT hardware and software distributor with a long track record of steady revenue growth, resilient margins, and rising dividends.

The company's relationships with top-tier technology vendors, along with its focus on recurring product demand, have helped support consistent cash flow. And with digital infrastructure spending remaining robust, Dicker Data appears well placed to continue rewarding shareholders with attractive fully franked dividends.

Morgan Stanley is forecasting fully franked dividends per share of 47.6 cents in FY 2025 and then 50.8 cents in FY 2026. This equates to dividend yields of 4.6% and 4.9%, respectively.

The broker has an overweight rating and $10.30 price target on its shares.

The post 3 ASX dividend shares to buy for a passive income stream appeared first on The Motley Fool Australia.

A bear market is defined as a 20% (or more) fall from the most recent high point.

The ASX 200 tech stock index reached an all-time high of 3,060.7 points on 19 September.

Yesterday, the index closed at 2,317.6 points, down 743 points in just a little over two months.

By comparison, the S&P/ASX 200 Index (ASX: XJO) hit a record 9,115.2 points on 21 October and has slipped 6.3% since its peak.

The other market sectors have also fallen from their recent highs, set between August and October, but not as dramatically as technology.

Healthcare is also in a bear market, down 23.6%, but that decline has occurred over 10 months since the sector's peak on 31 January.

Take a look.

Why are technology and healthcare in a bear market?

ASX 200 tech and healthcare shares are in bear territory partly because each sector's largest company has been significantly derated.

In the tech sector, WiseTech Global Ltd (ASX: WTC) shares have fallen 51% from their 52-week high of $134.26 on 5 December 2024.

Governance concerns have plagued the logistics software supplier this year, along with investors' disappointment with FY25 earnings.

In the healthcare sector, CSL Ltd (ASX: CSL) shares are down 37% since their 52-week high of $290.32 per share on 8 January.

The global biotech has been hit by weaker global flu vaccine demand and is undergoing a major restructure, including 3,000 job cuts.

It's notable that ASX 200 healthcare shares have fallen 23.6% over 10 months, while tech shares have plummeted 24.3% in two months.

This may indicate that ASX 200 tech shares are facing other immediate tailwinds.

One of them is the concern that artificial intelligence (AI) is creating a market bubble.

We saw this play out last week, with markets experiencing high volatility ahead of a quarterly report from AI chip giant Nvidia Corp (NASDAQ: NVDA).

This led to significant fluctuations in the ASX 200, with technology the worst-performing sector of the week, falling 4.07%.

Joe Koh and Elan Miller, portfolio managers of Blackwattle's Large Cap Quality Fund, said many clients are asking about an AI bubble.

Koh and Miller said uncertainty over further interest rate cuts was another factor weakening ASX 200 tech shares in recent weeks.

They commented:

Some of the weakness was company-specific (such as the ASIC investigation into Wisetech executives' share trading), but there was also increasing concern around the health of both US and Australian economies.

Higher interest rate expectations following the September inflation numbers also affected growth names in the IT sector, whose earnings and cash flows are further into the future and are therefore more impacted by higher discount rates.

Look outside the tech sector for AI gains: expert

Joe Davis, Vanguard's Global Chief Economist, expects a rotation out of tech shares as AI matures.

He suggests investors will need to look beyond the tech sector if AI does, indeed, transform the global economy, as markets expect.

Davis said:

In every technology cycle, the firms producing the new technology do initially outperform (sometimes by fantastic or even "irrational" levels); but as the technology spreads, it is non-tech companies that benefit.

That is what happened with manufacturers and service companies during the age of electricity.

Similarly, in the age of AI, health care or financial companies could hold the most transformational potential, implying a rotation in stock outperformance, with the best returns shifting from technology stocks to other sectors.

ASX 200 tech share prices in 2025

Here is how the biggest ASX 200 tech shares by market cap are faring in 2025 so far.

WiseTech shares are down 47% in the year to date.

The Xero Ltd (ASX: XRO) share price is down 28%.

TechnologyOne Ltd (ASX: TNE) shares are down 0.1%.

Nextdc Ltd (ASX: NXT) shares are down 9.3%.

The Life360 Inc (ASX: 360) share price is up 84%.

Codan Ltd (ASX: CDA) shares are up 85%.

Megaport Ltd (ASX: MP1) shares are up 87%.

Dicker Data Ltd (ASX: DDR) shares are up 21%.

The Iress Ltd (ASX: IRE) share price is down 2.2%.

The Siteminder Ltd (ASX: SDR) share price is up 5.9%

The post Bear market alert: ASX 200 tech shares down 24% since September peak appeared first on The Motley Fool Australia.

Plenty of homegrown ASX shares deliver consistent earnings, strong cash flow, and fully franked dividends.

If you are looking to build or top up an income-focused portfolio, here are five ASX dividend shares that could be worth considering:

Adairs Ltd (ASX: ADH)

Adairs is one of Australia's leading homewares retailers. It has returned to form recently following a difficult retail cycle. With improved inventory management, stronger online performance and cost efficiencies flowing through, the business now sits in a healthier financial position. As consumer sentiment gradually improves, Adairs' margin profile and cash generation should benefit, supporting its fully franked dividend. It currently trades with an estimated forward dividend yield of 6.8%.

BHP Group Ltd (ASX: BHP)

BHP is one of the most dependable dividend payers on the ASX. Its world-class mining assets generate enormous free cash flow through the cycle, allowing the company to continue rewarding shareholders even when commodity prices soften. Analysts expect BHP to maintain strong fully franked distributions over the coming years thanks to its low-cost operations and robust balance sheet. For example, the consensus estimate is for a 3.9% dividend yield in FY 2026.

Coles Group Ltd (ASX: COL)

Another ASX dividend share to look at is Coles. It is a favourite among defensive income investors, and for good reason. This supermarket giant generates consistent earnings through all economic conditions, supported by steady demand for essential goods. In addition, its focus on automation, cost efficiencies, and private-label expansion is helping push margins higher, which bodes well for its future dividends. The market is expecting a fully franked 3.5% dividend yield this year.

Dicker Data Ltd (ASX: DDR)

Dicker Data is an IT hardware and software distributor with a long track record of steady revenue growth, resilient margins, and rising dividends. Its relationships with top-tier technology vendors, along with its focus on recurring product demand, have helped support consistent cash flow. As digital infrastructure spending remains strong across the corporate sector, Dicker Data is positioned to continue rewarding shareholders with fully franked dividends. It currently trades with an estimated forward dividend yield of 4.6%.

Telstra Group Ltd (ASX: TLS)

Finally, Telstra could be a core holding for income-focused investors. With strong demand for mobile services, expanding 5G adoption, and ongoing improvements to network efficiency, Telstra continues to deliver stable earnings. Management has outlined plans to lift dividends gradually through its Connected Future 30 strategy, supported by recurring cash flow from mobile, enterprise and infrastructure businesses. This is expected to underpin a 4.1% fully franked dividend yield in FY 2026.

The post Buy Telstra and these ASX dividend shares for passive income appeared first on The Motley Fool Australia.

When one analyst is bullish on a business it's intriguing, but when there are numerous buy ratings it could be a clear opportunity, if they're all correct.

I'm going to look at two of the most well-liked businesses on the ASX right now, with both the number of buy ratings and the small percentage of overall ratings that aren't buys.

Let's dive in.

Dicker Data Ltd (ASX: DDR)

According to Commsec's collation of analyst recommendations, there are currently seven buy ratings, two hold ratings and zero sell ratings on the business.

Broker UBS is one that rates Dicker Data as a buy, with a price target of $10.20. A price target tells investors where the analyst thinks the share price will be in 12 months after the investment call.

UBS said Dicker Data is a distributor of hardware and software products in Australia – it's reportedly the number one player in Australia with a market share of more than one-third and the number two player in New Zealand with a market share of around 30%.

In a note, UBS pointed out the ASX share achieved 17% sales growth in the four months to April 2025, which continued in May and June with 14% growth in those two months, thanks to large enterprise deals. This led to FY25 first half profit before tax (PBT) growth being 5% ahead of what market analysts were expecting.

The broker noted Dicker Data said on a call that new enterprise work should not fall away once the small business sector rebounds, indicating "potential materially upside" to gross profit into 2026 and 2027 as smaller customer demand returns.

UBS believes the company has a strong pipeline of AI deals (infrastructure and Copilot), while cyber software is "booming", with major new vendor Crowdstrike still ramping up.

On top of all that, the broker thinks this ASX share is well-positioned to benefit from the RBA rate-cut cycle.  

Hansen Technologies Ltd (ASX: HSN)

According to Commsec's collation of analyst recommendations, there are currently seven buy ratings on the ASX share and one sell rating. The technology business provides software for utility companies.

UBS is one of the brokers that rates Hansen shares as a buy, with a price target of $7.20.

The broker noted that the company changed its guidance from a 12-month view to a three-to-five-year outlook. UBS noted the outlook said "a target organic revenue growth of 5-7% over the medium term and a medium term underlying EBITDA margin target of 30% or above (FY25 28.5%)". UBS noted bearish investors may say that guidance implies FY26 will be weak and underperform market expectations.

But, UBS is encouraged by this guidance because it suggests management have enough confidence in the telco and energy billing sector tailwinds to suggest revenue can grow organically at a rate of between 5% to 7% on a consistent basis over the next five years.

Hansen has delivered revenue growth over the last three years of a compound annual growth rate (CAGR) of 5%, according to UBS.

UBS is forecasting 5% revenue growth in FY26 to $408 million for the ASX share, with 12% growth of recurring software as a service revenue (SaaS) and maintenance revenue and 8% growth in predictable application or service revenue. However, upfront licence sales are forecast to decline 35% after a very strong FY25.

The broker finished its commentary on the ASX share with the following:

We retain our positive view on the Hansen stock and consider the sell off from outlook comments related confusion as a good buying opportunity.

It has an attractive combination of predictable and growing revenues alongside the recent introduction of operating leverage driving cash earnings margin expansion which overall underpins a 3yr Cash EBITDA CAGR of 12%. The group's Return on Capital continues to increase c.200bps p.a. and is now at 18% and with a balance sheet that is net cash will provide eventual inorganic growth upside opportunities.

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