What did Universal Store report?

• Revenue of $376.1 million, up 12.9% from FY25
• Underlying net profit after tax (NPAT) of $40.5 million, up 16.3%
• Statutory NPAT of $18.2 million, down 21.6% due to non-cash impairments
• Gross margin of 62.5%, up 1.4 percentage points
• Underlying EBIT of $64.0 million, up 17.2%
• Final fully franked dividend of 17 cents per share (FY total dividends: 43.0 cps)

What else do investors need to know?

The group opened 13 new stores in FY26, ending the year with 123 physical locations across its Universal Store, Perfect Stranger, and THRILLS banners. Like-for-like growth was robust in Universal Store (+8.1%) and Perfect Stranger (+13.0%), though CTC (THRILLS) wholesale sales declined further, leading to $23.8 million in non-cash impairments.

Online sales rose 10.8% to $49.2 million, making up 13.1% of total revenue. Universal Store Holdings finished the year with a strong cash balance of $23.3 million and no bank debt, maintaining significant headroom on all covenants.

What's next for Universal Store?

Universal Store plans to continue expanding its retail footprint, especially for Universal Store and Perfect Stranger, with a similar pace of store rollouts expected in FY27. The THRILLS retail and online strategy will remain a priority as the business focuses more on direct-to-customer channels.

Investments in digital, supply chain, and team capability will continue as the group aims for sustainable long-term growth. The board has also flagged upcoming changes in leadership, with George Do set to take over as CEO in November 2026.

Universal Store share price snapshot

Over the past 12 months, Universal Store shares have declined 21%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Universal Store FY26 results: Sales, profit up as store rollout continues appeared first on The Motley Fool Australia.

Dividends can be more consistent than share prices, giving investors a certain level of consistency. Of course, dividends are not guaranteed payments like a term deposit.

I really like the two names below, both of which have track records of growing dividends. I'm optimistic their dividends can continue to grow for the foreseeable future

WAM Leaders Ltd (ASX: WLE)

WAM Leaders is a listed investment company (LIC) that targets quality larger ASX shares that could generate compelling returns.

As examples of the sorts of names in the portfolio, some of the top-20 positions at the end of June 2026 included Aristocrat Leisure Ltd (ASX: ALL), Amcor (ASX: AMC), BHP Group Ltd (ASX: BHP), Charter Hall Group (ASX: CHC), Mirvac Group (ASX: MGR), NexGen Energy (Canada) CDI (ASX: NXG), Rio Tinto Ltd (ASX: RIO), Scentre Group (ASX: SCG), Woodside Energy Group Ltd (ASX: WDS) and Wesfarmers Ltd (ASX: WES).

By being active with its portfolio, Wilson Asset Management is able to buy and sell at opportune prices. The WAM Leaders portfolio managed to achieve an average return per year of 12% between May 2016 to June 2026, outperforming the S&P/ASX 200 Accumulation Index (ASX: XJOA) by almost 3% per year, before fees, expenses and taxes.

WAM Leaders started paying dividends in FY17 and has grown the annual dividend per share every year since. That means it has given shareholders almost a decade of increases.

The FY26 annual dividend of 9.6 cents per share translates into a grossed-up dividend yield of 9.8%, including franking credits, at the time of writing. I think its dividend growth can continue thanks to its sizeable profit reserve of approximately 27 cents per share.

Universal Store Holdings Ltd (ASX: UNI)

This business owns multiple quality retail apparel brands, providing premium apparel products to younger shoppers. It's best known for its Universal Store business, and also has Perfect Stranger and CTC (with the Worship and THRILLS brands).

Universal Store has an impressive dividend record for a retailer – it started paying a dividend in FY21 and the payout has increased each year since then. Not many retailers can say they have delivered that level of passive income consistency over the past five years.

Dividend growth looks very promising for the foreseeable future because of earnings growth. In FY26 to week 43, Universal Store sales were up 11.8%, Perfect Stranger sales were up 39.8%, and CTC sales were up 14.5%.

For FY26, the business expects to report, at the mid-point of its guidance, sales growth of 11.5% and underlying operating profit (EBITA) of 15.4%.

Amid the ongoing progress of the overall business and ongoing store network expansion, analysts think the dividends could continue to grow. The forecast on CMC Invest implies the business could pay a grossed-up dividend yield of 8.3% in FY27, including franking credits, at the time of writing.

These are two compelling businesses with high dividend yields, though they're not the only stocks I'd look at for solid income.

The post 2 ASX shares with dividend yields above 8% appeared first on The Motley Fool Australia.

One of the most appealing things about superannuation is that it has a lower tax rate than the company tax rate and the individual tax rate of a full-time worker. Superannuation may have a lower tax rate than trusts as well.

Another positive of investing through superannuation is its structure, which supports long-term investing. For people in the accumulation phase, they could make investments for decades before they can access that money.

The money available to use for passive income is the after-tax amount. This is why superannuation is so advantageous: less of the income is lost to tax compared to most tax brackets for individuals. I'd prefer not to lose a third of my passive income return to tax each year.

Not only is the tax rate lower in the accumulation phase of superannuation, but the tax rate could be as low as 0% in retirement, depending on the superannuation balance.

Of course, the taxation conditions for each household are different, so we'll just consider income goals from here.

How much is needed in superannuation for $12,000 of monthly passive income?

Receiving $12,000 in dividends each month amounts to an annual goal of $144,000. I'd love to receive that level of dividend income.

The question of how much money would need to be invested to generate that much income comes down to the investment's yield. But investors should consider more than just the yield – reliability and growth are also important aspects.

Plenty of ASX shares also attach franking credits to their dividends, boosting the after-tax dividend yield on offer.

Different portfolios can have different dividend yields. A portfolio with a 3.5% dividend yield would need to be double the size of a portfolio with a dividend yield of 7% to generate the same level of passive income.

For example, if a portfolio were $2.06 million in size, it would generate approximately $144,000 of annual passive income with a 7% dividend yield. If the portfolio had a 3.5% dividend yield, it would need to be $4.11 million in size to achieve the same level of annual payments.

Each dividend yield would require a different portfolio size to generate $144,000 annually. For example, a 5% dividend yield would require a $2.88 million portfolio and a 6% dividend yield would require a $2.4 million portfolio.

The types of ASX dividend shares I'd choose to buy

As I said before, if I'm investing for passive income in superannuation, I'd also want to take reliability and growth into account. I believe all of the businesses I'm about to name have better-than-average payout reliability.

If investors want to generate higher dividend yields, I'd look at reliable real estate investment trusts (REITs) and quality companies with franking credits, particularly listed investment companies (LICs).

Some of the businesses with a higher dividend yield I'd look at include MFF Capital Investments Ltd (ASX: MFF), WCM Global Growth Ltd (ASX: WQG), WAM Microcap Ltd (ASX: WMI), Dexus Industria REIT (ASX: DXS), WAM Leaders Ltd (ASX: WLE), Charter Hall Long WALE REIT (ASX: CLW), WAM Microcap Ltd (ASX: WMI) and Universal Store Holdings Ltd (ASX: UNI).

Some of the businesses with a lower dividend yield, but deliver strong growth and/or reliability, include Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), Rural Funds Group (ASX: RFF), Centuria Industrial REIT (ASX: CIP), L1 Long Short Fund Ltd (ASX: LSF) and Telstra Group Ltd (ASX: TLS).

These aren't the only ASX shares I'd want to add into my passive income portfolio, though.

The post How much is needed in superannuation to target a $12,000 monthly passive income? appeared first on The Motley Fool Australia.

The company owns a portfolio of premium youth fashion brands and omni-channel retail and wholesale businesses. Its principal businesses are Universal Store (trading under the Universal Store and Perfect Stranger retail banners) and CTC (trading under the THRILLS and Worship brands).

It currently operates 118 physical stores across Australia. It says its strategy is to grow and develop its premium fashion apparel brands and retail formats targeting fashion-focused customers.

Let's look at the positives of this great business.

A great dividend yield

One of the first things to know about this wonderful ASX dividend share is that it has a very high dividend yield.

I expect the business will continue to be a pleasing dividend option in the short term and the long term because retailers generally trade on relatively low price/earnings (P/E) ratios. The lower the P/E ratio, the higher the dividend yield.

If we look at the dividends declared by the business over the last 12 months, it comes to 42.5 cents per share. That translates into a grossed-up dividend yield of 8.2%, including franking credits, at the time of writing.

That's a large dividend yield by itself, but I'm expecting the payouts to rise in the coming years.

Rising payouts

Universal Store has increased its annual passive dividend income per share each year since FY21, when it started paying dividends to shareholders. It has already racked up half a decade of dividend increases, which is impressive considering the volatile retail trading conditions during this decade.

Dividend growth is not guaranteed, of course, but the business has regularly increased the payout for investors, and I expect that record to continue.

Growing earnings

The company's net profit is regularly growing, which is the main factor driving rising dividends.

Universal Store's earnings are being driven by solid like-for-like sales growth for both the Universal Store and Perfect Stranger brands, expanding store networks and improving scale benefits.

In FY26, the midpoint of the company's guidance suggests sales growth of 11.5% and underlying operating profit (EBITA) growth of 15.4%. That's pleasing for the double-digit growth and the implied rising profit margin.

According to the projection on CMC Invest, the business is valued at 14x FY26's estimated earnings.

$400 per month of passive income

The business doesn't pay a dividend every month, but we can take the annual dividend and make it a monthly amount.

Receiving $400 per month translates into $4,800 per year. If we exclude franking credits, an investor would need to own 11,295 shares of the ASX stock based on the payout from the last 12 months.

I'd be willing to make that investment, but there are other ASX stock names that could be appealing too.

The post I'd buy 11,295 shares of this ASX stock to aim for $400 a month of passive income appeared first on The Motley Fool Australia.

Once the tax changes kick in, superannuation may have a lower tax rate than what many individuals, trusts and companies experience.

Another benefit of superannuation is how effective it is for long-term investing. That's because we're typically not going to access that money for a very long time.

I love investing for passive income by owning shares. My money is working in the share market for me year-round and unlocking cash payments to my bank account.

Superannuation is important for this endeavour because of how we lose less of the income return to tax.

If a full-time working Australian receives passive income in their own name, they're likely to lose a third (or more) of the passive income to tax, significantly reducing the appeal of the passive income return.

In my view, superannuation can be the most appealing place to invest because of the better tax rate in the accumulation phase of life, compared to an individual's tax rate if they work full-time.

Impressively, an Australian's superannuation tax rate could be 0% in retirement, which is as good as it gets. 

Each Australian's tax rate is different, so I'll focus on targeting a specific income goal from here on, ignoring tax rates.  

How much is needed in superannuation for $80,000 of annual passive income?

Receiving $80,000 in dividends each year sounds good to me, although I'm certainly a long way from that goal. I hope I can reach that target in the future.

I think it's a wise idea for investors to think about what sorts of investments they want to own and the attached dividend yield that comes with that.

There are many different options for investors to consider, but I view ASX shares as the clear leader because of the appealing dividend yields and the fact that company payouts can come with franking credits.

The required portfolio size to reach $80,000 annually depends on the portfolio's dividend yield.

For example, if the portfolio had a 5% dividend yield, it would need to be $1.6 million in size. A 4% dividend yield would require a $2 million portfolio, and a 7% dividend yield would require a $1.15 million portfolio.

Every dividend yield requires a different portfolio size to reach the desired target. As a result, the ASX shares we choose play an essential part in the portfolio's dividend yield. 

Which ASX dividend shares I'd buy

Pleasingly, there are a number of ASX shares that can provide good dividend yields to retiree investors (and anyone else).

There are compelling companies, quality real estate investment trusts (REITs) and compelling listed investment companies (LICs).

Some of the businesses I like include Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), Telstra Group Ltd (ASX: TLS), Wesfarmers Ltd (ASX: WES), Lovisa Holdings Ltd (ASX: LOV), Propel Funeral Partners Ltd (ASX: PFP) and Universal Store Holdings Ltd (ASX: UNI).

Some of the fund-based investments that pay attractive dividends include MFF Capital Investments Ltd (ASX: MFF), WCM Quality Global Growth Fund (ASX: WCMQ), Future Generation Global Ltd (ASX: FGG) and Future Generation Australia Ltd (ASX: FGX).

In terms of property investments, I think some of the undervalued names with useful organic rental income growth are Rural Funds Group (ASX: RFF), Dexus Industria REIT (ASX: DXI), Centuria Industrial REIT (ASX: CIP) and Charter Hall Long WALE REIT (ASX: CLW).

The post How much is needed in superannuation to target a $80,000 annual passive income? appeared first on The Motley Fool Australia.

One of the best things about superannuation is the fact that it has a lower tax rate than the individual tax rate and company tax rate. It may have a lower tax rate than trusts too.

Another advantage of superannuation investing is its structure, which promotes long-term investing. For people in the accumulation phase, they may make investments for decades before they can access that money.

When it comes to investing in passive income, the money we can use is the after tax amount. That's why it's more fruitful to invest for passive income in superannuation because less of the income is being lost to tax than most of the tax brackets for individuals. I'd prefer not to lose a third of my passive income to tax each year.

Pleasingly, not only is the tax rate lower in the superannuation accumulation phase, it could be as low as 0% in retirement, depending on the superannuation balance.

The taxation circumstances of each household is different, so we'll just look at the income goals from now on.

How much is needed in superannuation for $7,000 of monthly passive income?

Receiving $7,000 in dividends each month equates to an annual goal of $84,000 per year. I'd love to receive that level of dividend income.

The question of how much it would take to generate that much income comes down to the yield of the investment. Of course, there's more to investing than just the yield. Reliability and growth are also important factors.

Many ASX shares offer the great bonus of franking credits, boosting the dividend yield on offer.

I'll point out that a portfolio with an average dividend yield of 3% would need to be double the size of a portfolio with a dividend yield of 6% to generate the same level of passive income.

For example, if a portfolio were $1.4 million in size, it would generate $84,000 of annual passive income with a 6% dividend yield. If the portfolio had a 3% dividend yield, it would need to be $2.8 million in size to achieve the same level of annual payments.

Every dividend yield would require a different portfolio size to achieve $84,000 annually. For example, a 4% dividend yield would require a $2.1 million portfolio and a 5% dividend yield would require a $1.68 million portfolio.

The types of ASX dividend shares I'd choose to buy

As stated earlier, if I'm investing for passive income in superannuation, I'd also want to consider reliability and growth. I rate all the investments I'm about to highlight as above-average for payout reliability.

If investors want to unlock mid-to-higher dividend yields, I'd look at quality companies with franking credits, good value and reliable real estate investment trusts (REITs), and listed investment companies (LICs).

Some of the businesses with a dividend yield of between 5% to 7% that I'd look at include Telstra Group Ltd (ASX: TLS), WCM Global Growth Ltd (ASX: WQG), Centuria Industrial REIT (ASX: CIP), Dexus Industria REIT (ASX: DXI), Rural Funds Group (ASX: RFF), Charter Hall Long WALE REIT (ASX: CLW), MFF Capital Investments Ltd (ASX: MFF) and L1 Long Short Fund Ltd (ASX: LSF).

Then there's ASX dividend shares with a larger dividend yield. Some of my favourites with bigger yields include WAM Microcap Ltd (ASX: WMI), Future Generation Global Ltd (ASX: FGG), Future Generation Australia Ltd (ASX: FGX), WAM Leaders Ltd (ASX: WLE), Universal Store Holdings Ltd (ASX: UNI) and Hearts and Minds Investments Ltd (ASX: HM1).

The post How much is needed in superannuation to target a $7,000 monthly passive income? appeared first on The Motley Fool Australia.

But, unfortunately, it doesn't happen by accident.

To generate that level of income, investors need the right portfolio size and a mix of holdings that can support payments through different market conditions.

How to build a $50,000 passive income

If you are lucky enough to have $1 million already, then to generate $50,000 in passive income all you would need to do is target a 5% average dividend yield across a portfolio.

But not everyone is so lucky. If you don't have these funds at your disposal, then you will have to play the long game and build up your portfolio.

That could mean investing $1,000 a month into ASX shares and targeting a 10% per annum average return. Doing so would grow a portfolio to $1 million in around 23 years.

What sort of portfolio should you build once you have the funds? Let's dig deeper into things.

Start with a diversified income base

One way to begin is with the Vanguard Australian Shares High Yield ETF (ASX: VHY).

This exchange traded fund (ETF) gives investors exposure to a basket of higher-yielding Australian shares.

The advantage is diversification. Instead of trying to pick every dividend payer individually, investors can use the fund to spread money across a group of income-focused companies.

That can make it a handy foundation for a passive income portfolio.

However, I would not rely on a single ETF alone. A better approach could be to use a high-yield ETF as the base, then add selected ASX dividend shares around it.

Add different sources of income

APA Group (ASX: APA) could be one option.

The company owns energy infrastructure, including gas pipelines, storage, processing assets, and electricity transmission interests. These assets help move energy around the country and can generate cash flows that support distributions.

Charter Hall Long WALE REIT (ASX: CLW) could bring property income into the mix.

Its portfolio is built around long leases to tenants across areas such as government, corporate property, convenience retail, industrial assets, and social infrastructure. Long leases can give investors better visibility over future rent, although interest rates and property valuations remain key risks.

Harvey Norman Holdings Ltd (ASX: HVN) offers a different income angle.

The retailer is exposed to household spending, appliances, furniture, electronics, and the housing cycle. It also owns a significant property portfolio, which gives the business asset backing that many retailers do not have.

Universal Store Holdings Ltd (ASX: UNI) is also cyclical, but it can provide attractive fully franked dividends when trading conditions are supportive.

Its youth fashion focus means the income may not be as defensive as infrastructure or property, but it adds growth potential and a different earnings driver.

Foolish takeaway

I think this shows that a $50,000 annual passive income stream from the ASX is achievable.

It just requires a combination of patience, capital, and discipline. But if you have all three, there's no reason you couldn't generate a meaningful income from the share market.

The post How to build a $50,000 passive income from the ASX appeared first on The Motley Fool Australia.

The tax settings can be attractive, the investment time horizon is long, and investors have the ability to reinvest returns for years before they need to draw on the money.

But how much would someone actually need in superannuation to target a $3,000 monthly passive income?

Let's break it down.

How much is $3,000 per month?

A $3,000 monthly passive income works out to $36,000 per year.

That could make a meaningful difference in retirement. It could help cover groceries, insurance, bills, travel, healthcare, or provide extra breathing room alongside the Age Pension or other income sources.

To achieve this, the amount needed in superannuation depends on the dividend yield generated by the portfolio.

A simple way to estimate it is to divide the annual income target by the portfolio yield.

How much superannuation is needed?

If a superannuation portfolio generated a 3% yield, an investor would need around $1.2 million to earn $36,000 per year in passive income.

At a 4% yield, the required balance falls to around $900,000. A portfolio yielding 5% would need approximately $720,000, while a 6% yield would require about $600,000.

That is a wide range, but it shows how much the yield changes the equation.

A lower-yielding portfolio may require more capital, but it could offer stronger growth or lower income risk. A higher-yielding portfolio can make the income target look easier, but it may come with greater risk.

Should you aim for the highest yield?

It can be tempting to focus only on the biggest dividends.

But that can be a mistake. A very high dividend yield can sometimes be a warning sign. The market may be expecting the dividend to fall, or the company could be facing pressure from weaker earnings, debt, regulation, lower commodity prices, or a difficult cycle.

The best approach is arguably to think about income that is sustainable. That means looking for ASX shares with reliable cash flow, manageable payout ratios, robust balance sheets, and business models that can keep supporting dividends over time.

It is important to remember that a $3,000 monthly passive income target is not just about getting paid next year. It is about building an income stream that can last through retirement.

What ASX shares could help?

ASX shares can be attractive inside superannuation because many pay dividends and some offer franking credits.

Lower-yielding blue chips such as Wesfarmers Ltd (ASX: WES), Woolworths Group Ltd (ASX: WOW), and Washington H. Soul Pattinson and Co Ltd (ASX: SOL) may be good options for investors who want quality and long-term dividend growth potential.

Shares such as Telstra Group Ltd (ASX: TLS), APA Group (ASX: APA), and Transurban Group (ASX: TCL) can provide exposure to telecommunications and infrastructure-style cash flows.

Property trusts such as Charter Hall Long WALE REIT (ASX: CLW) and Charter Hall Retail REIT (ASX: CQR) can also play a role. And investors willing to accept more cyclicality might look at names such as Harvey Norman Holdings Ltd (ASX: HVN) or Universal Store Holdings Ltd (ASX: UNI), which can offer attractive fully franked dividends when trading conditions are supportive.

Foolish takeaway

Aiming for $3,000 per month in passive income from superannuation is achievable, but the required balance depends heavily on the portfolio yield.

At a 5% yield, the rough target is around $720,000. At 6%, it falls to around $600,000.

The best answer may sit somewhere between growth and income. A portfolio that combines quality dividend shares, infrastructure, property income, and some dividend growth potential could give retirees a better chance of building an income stream that lasts.

The post How much is needed in superannuation to target a $3,000 monthly passive income? appeared first on The Motley Fool Australia.

You just need to know how to invest it and understand what level of passive income to expect.

The benefit of investing your superannuation for a passive income in retirement is that it comes with the added benefit of low tax rates and long-term compounding.

The only downside is that you can't access it until you reach retirement age.

But how much do you actually need in your super to be able to earn the passive income you want in retirement?

Let's break it down, using a monthly $7,000 passive income as a guide.

How much do I need in my superannuation to get a passive income of $7,000 every month?

There's a simple calculation you can use. First, you'd need to work out what your monthly passive income totals over the year, then divide that annual passive income figure by the dividend yield of your portfolio.

For example, $7,000 x 12 = $84,000. Divide that by a 3% yielding portfolio, and you'll need a $2.8 million portfolio in order to earn $84,000 per year (or $7,000 per month).

Of course, a $2.8 million superannuation balance isn't achievable for many Australians. 

But the good news is that as your dividend yield increases, the superannuation balance required to earn the same passive income decreases.

For example, a portfolio with a dividend yield of around 6% only needs to be half the size of one with a dividend yield of around 3% to generate the same level of passive income. 

How much do I need in my superannuation if my portfolio yields 4%?

To earn $84,000 per year off a 4% yielding portfolio, you'd need to have a balance of around $2.1 million.

ASX shares that could fit the bill include Westpac Banking Corp (ASX: WBC), ANZ Group Holdings Ltd (ASX: ANZ), or Transurban Group (ASX: TCL). These all yield 4% or a little more.

How much do I need in my superannuation if my portfolio yields 5%?

To earn the same $84,000 per year off a 5% yielding portfolio, you'd need to have a superannuation balance closer to $1.68 million.

Shares that yield 5% or just over could include Woodside Energy Group Ltd (ASX: WDS), Universal Store Holdings Ltd (ASX: UNI), and AGL Energy Ltd (ASX: AGL).

What about for a 6% yielding portfolio?

A superannuation balance of around $1.4 million can earn the same passive income on a 6% yielding portfolio.

Harvey Norman Holdings Ltd (ASX: HVN), Fortescue Ltd (ASX: FMG), and Dexus Industria REIT (ASX: DXI) are good examples of ASX shares that yield around 6%.

And for a portfolio that yields 7% or 8%, what do I need then?

Higher-yielding shares mean investors can earn the same passive income off a much smaller superannuation balance, but they do come with added risk.

A $1.2 million or $1.05 million portfolio yielding 7% or 8%, respectively, could earn $84,000 in passive income.

Higher-yielding options include ASX shares such as the BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX), GQG Partners Inc (ASX: GQG), or Centuria Office REIT (ASX: COF).

The post How much do I need in my superannuation to earn $7k per month in passive income? appeared first on The Motley Fool Australia.

But with so much choice, it can be hard to decide which ones to buy.

To narrow things down, let's look at three dividend shares with 5%+ dividend yields that analysts are tipping as buys.

They are as follows:

Charter Hall Long WALE REIT (ASX: CLW)

The team at Citi thinks that Charter Hall Long WALE REIT could be a top pick for income investors.

The broker has a buy rating and $4.10 price target on the long-lease focused property company's shares.

Citi highlights that the company's shares offer value at current levels, especially with a large portion of rents inflation-linked and its big dividend yield.

Speaking of which, the broker is forecasting dividends per share of 25.5 cents in FY 2026 and then 25.7 cents in FY 2027. Based on its current share price of $3.71, this would mean dividend yields of approximately 6.9% in both years. 

Harvey Norman Holdings Ltd (ASX: HVN)

Another ASX dividend share that could be worth considering is retail giant Harvey Norman.

Bell Potter is bullish on the company and has a buy rating and $6.00 price target on its shares.

Although the broker expects FY 2027 to be a tough year, it believes this is more than priced in. So, with generous dividend yields expected, it sees now as a good time to snap up Harvey Norman's shares. 

Bell Potter is forecasting fully franked dividends of 31.1 cents per share in FY 2027 and then 33.3 cents per share in FY 2028. Based on its current share price of $4.82, this equates to dividend yields of 6.5% and 6.9%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A third ASX dividend share that brokers are recommending to clients is Universal Store. 

Morgans has a buy rating and $9.50 price target on the youth fashion retailer's shares.

The broker has been pleased with the company's performance in FY 2026, highlighting that double-digit sales growth is expected despite tough operating conditions.

It notes that Universal Store's Perfect Stranger brand is performing strongly, which bodes well for its store rollout. 

With respect to income, Morgans is forecasting the company to pay fully franked dividends of 40 cents per share in FY 2026 and then 46 cents per share in FY 2027. Based on its current share price of $7.43, this represents dividend yields of 5.4% and 6.2%, respectively.

The post 3 ASX dividend shares to buy with 5%+ yields appeared first on The Motley Fool Australia.

Pleasingly, superannuation has a lower tax rate than many individuals, trusts and companies. The way that superannuation works, and the nature of how we access the money, means it's very easy to invest for the long term inside the super system.

In my view, being paid passive income is one of the best elements of owning shares. Receiving money into our bank account every year for no effort sounds good to me.

How does superannuation play into passive income? Investors lose less of the passive income payments to tax.

Superannuation looks comparatively much more appealing because if a full-time working Aussie receives passive income in their own name, they could lose a third (or more) of that passive income to tax, significantly reducing the effectiveness of the passive income return.

In my opinion, superannuation is therefore a more appealing place to invest because of the lower tax rate in the accumulation phase of life, compared to an individual's tax rate if they're a full-time earner.

In retirement, a person's superannuation tax rate could be 0%. You can't get any better than that.

Of course, each Australia's tax position is different, so I'll just look at targeting a particular income goal from here and ignore the tax rates.

How much is needed in superannuation for $100,000 of annual passive income?

Receiving $100,000 in dividends each year sounds excellent to me. I'm definitely a long way from that target, but I'd love to receive that much in dividends each year.

Australians need to consider what types of investments they want to own and what size dividend yield comes with those investments.

I think ASX shares are the best choice for passive income. The attached franking credits are an excellent bonus.

How much is needed to earn $100,000 annually depends on the dividend yield of the portfolio.

For example, a portfolio with a 6% dividend yield would require $1.67 million. Meanwhile, a 4% dividend yield would require a $2.5 million portfolio.

As you can see, different dividend yields require different-sized portfolios to reach the target. Therefore, the numbers are heavily influenced by what ASX shares superannuation investors choose.

The types of ASX dividend shares I'd buy

There are various options on the ASX that can provide good yields to investors. Aussies could choose quality companies, real estate investment trusts (REITs) or listed investment companies (LICs).

Some of my favourite ideas for dividend growth and a solid starting yield include Wesfarmers Ltd (ASX: WES), Telstra Group Ltd (ASX: TLS), Universal Store Holdings Ltd (ASX: UNI), Lovisa Holdings Ltd (ASX: LOV), Medibank Private Ltd (ASX: MPL), Propel Funeral Partners Ltd (ASX: PFP) and Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

On the commercial property side of things, I like names such as Rural Funds Group (ASX: RFF), Dexus Industria REIT (ASX: DXI), Centuria Industrial REIT (ASX: CIP) and Charter Hall Long WALE REIT (ASX: CLW).

Finally, the LICs that I really like include MFF Capital Investments Ltd (ASX: MFF), L1 Long Short Fund Ltd (ASX: LSF), Future Generation Global Ltd (ASX: FGG) and Future Generation Australia Ltd (ASX: FGX).

These aren't the only attractive ASX dividend shares for superannuation investors, but I think they're an excellent starting point.

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I'd only want to buy businesses that can provide stable or growing payouts. If we're aiming for passive income, I want to have confidence that those cash payments will continue flowing.

Of course, dividends are not guaranteed from any business. But, some companies already have a track record of reliable or increasing payouts. Let's get into two great ideas.

Universal Store Holdings Ltd (ASX: UNI)

Universal Store is one of the leading retailers on the ASX, in my view, with how impressively it has managed to grow earnings over the last five years through all economic conditions.

It's best known for its premium youth fashion-focused businesses Universal Store and Perfect Stranger.

Those two businesses have delivered pleasing growth at their existing store network, and they continue to expand. In the first 43 weeks of FY26, the company reported like-for-like sales growth of 8.5% for Universal Store and 12.9% for Perfect Stranger.

Partially thanks to four new Universal Stores and seven new Perfect Stranger stores in the year to date (at the point of that update), those two segments were able to report total sales growth of 11.8% and 39.8% respectively in the first 43 weeks of FY26.

It's clearly doing a great job of winning more retail spending from customers, while also growing earnings. The mid-point of its FY26 guidance suggests overall sales could rise 11.5% year-over-year, while underlying operating profit (underlying EBITA) could rise 15.4% – faster than the sales growth.

Universal Store has increased its annual dividend per share each year since it started paying passive income in FY21. Its latest two dividends come to 42.5 cents per share, which translates into a grossed-up dividend yield of 8.3%, including franking credits.

Charter Hall Long WALE REIT (ASX: CLW)

The other ASX share I want to highlight with a yield of more than 7% is this real estate investment trust (REIT) that's invested in an array of properties across Australia.

It's invested in things like pubs, service stations, industrial and logistics, office, data centres and social infrastructure.

At December 2025, the business had 515 assets worth around $6 billion with an average weighted average lease expiry (WALE) of approximately nine years and an occupancy rate of 99.9%, with 99% of the portfolio leased to blue-chip tenants. That shows the business is maximising its rental potential for the long-term.

Pleasingly, the rental income continues to grow, which can help fund larger distributions in the coming years. Around half of the portfolio has CPI-linked rental growth, while fixed increases provide rental growth for the rest of the properties.

In the first half of FY26, the business achieved like-for-like rental growth of 3%, which helped fund a 2% rise in the distribution to 25.5 cents per security. At the time of writing, the attractive valuation offers a distribution yield of 7.02%.

I think these ASX shares would make excellent investments today.

The post 2 ASX dividend shares with yields above 7% appeared first on The Motley Fool Australia.

But the amount investors receive each year can vary significantly depending on the dividend yield they target and the types of shares they own.

A portfolio built around lower-yielding growth shares may produce less income today, while a higher-yielding portfolio may come with extra risks if the payouts are stretched.

That is why I think investors need to look beyond the headline yield and think carefully about the balance between income, quality, and growth.

So, how much could a $500,000 ASX share portfolio realistically pay in dividends?

Understanding the yield

A dividend yield shows how much income a share or portfolio pays each year compared with its value.

For an ASX dividend portfolio, the yield investors target can make a big difference to the income they receive. It can also change the type of shares they end up owning.

A 4% yield may sound modest, but it could come from businesses with stronger balance sheets, steadier earnings, or better long-term growth prospects. A 6% yield can produce more income upfront, although it may push investors toward shares with slower growth, higher debt, or less reliable payouts.

That is why I think 5% can be a good middle ground. It is high enough to generate meaningful passive income, while still leaving room to focus on quality and diversification.

On a $500,000 portfolio, a 4% yield would generate around $20,000 a year in dividends before tax and franking credits. While at 5%, the annual income would rise to about $25,000, and at 6% it would be around $30,000.

For me, the 5% option feels like a sensible target for many income investors because it balances income today with the need to own ASX dividend shares that can keep performing over time.

What could sit in the portfolio?

I would want a mix of defensive dividend shares, property income, and businesses that can grow dividends over time.

Telstra Group Ltd (ASX: TLS) could play a useful role because connectivity is woven into daily life. Mobile data, payments, work, entertainment, and communication all rely on reliable networks.

Woolworths Group Ltd (ASX: WOW) is another defensive name to consider. Grocery demand is more stable than many discretionary categories, which can help support dividends through different economic conditions.

For property income, HomeCo Daily Needs REIT (ASX: HDN) could be attractive because its portfolio is focused on everyday-needs retail, including assets linked to supermarkets, pharmacies, and essential services.

I would also leave room for dividend growth. Universal Store Holdings Ltd (ASX: UNI) and Lovisa Holdings Ltd (ASX: LOV) are more growth-focused retail shares, so they can be more volatile. But if their earnings continue to grow, their dividends could become more valuable over time.

Why growth still counts

Ideally, a dividend portfolio should grow as the years pass.

If a $500,000 portfolio grew by 5% per annum over 10 years, while dividends were banked separately, it could increase to around $815,000.

That larger portfolio could then produce much higher income. A 4% yield on $815,000 would generate around $32,600 a year, while a 5% yield would generate around $40,750 a year.

I think that shows why capital growth can be so meaningful for passive income investors.

Foolish takeaway

A $500,000 ASX share portfolio could produce a compelling income stream if it is built carefully.

I think a 5% yield is a sensible target because it could generate about $25,000 a year today while still leaving room to focus on quality, diversification, and dividend growth.

The best dividend portfolios can pay income now and become more valuable over time. That combination is what can turn a strong ASX portfolio into a much larger passive income stream in the years ahead.

The post How much could a $500,000 ASX share portfolio pay in dividends? appeared first on The Motley Fool Australia.

But which ASX dividend shares could be worth considering?

Let's take a look at five top options for this month.

APA Group (ASX: APA)

APA could be an ASX dividend share to look at in July.

It owns energy infrastructure, including gas pipelines, processing assets, storage, and electricity transmission interests.

These assets play an important role in moving energy around the country. Households, manufacturers, power stations, and major industrial customers all need reliable infrastructure, regardless of whether the economic backdrop is strong or weak.

That gives APA a defensive position in an income portfolio.

The energy transition will continue to change the sector over time, but reliability, storage, firming, and transmission are likely to remain important. This could support the company's cash flows and distributions over the long term.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share to look at is Charter Hall Long WALE REIT.

It offers exposure to property income with long lease structures. The company's portfolio includes properties leased to government tenants, major corporates, and operators across sectors such as convenience retail, industrial, office, and social infrastructure.

Given that tenants are locked into long-term leases, this can give investors more visibility over future earnings and dividends. That can be valuable when markets are uncertain.

Interest rates and property valuations remain key risks, but a long lease portfolio can be a good option for investors who want income backed by contracted rental streams.

Harvey Norman Holdings Ltd (ASX: HVN)

Harvey Norman is more than a retailer selling televisions, couches, computers, and appliances.

It also owns a significant property portfolio, which gives the business a different shape from many other consumer-facing companies.

Retail earnings can move with household spending, housing activity, and consumer confidence. But the property backing gives Harvey Norman an extra layer of asset support and flexibility.

Things may be tough for retailers at the moment, but when the retail cycle improves, the company will be positioned to generate strong cash flow and pay attractive fully franked dividends.

Transurban Group (ASX: TCL)

Transurban could be a top ASX dividend share for income investors in July.

The company owns and operates toll roads across major cities in Australia and North America.

Its roads help commuters, freight operators, airport travellers, and businesses move around major cities more efficiently. This ties the company to urban population growth, congestion, and the value people place on saving time.

Traffic volumes can soften during weak periods, but major road networks are hard to replicate. Once built, they can remain important infrastructure for decades.

Universal Store Holdings Ltd (ASX: UNI)

Universal Store is a youth-focused fashion retailer. This means it doesn't have the defensive profile of infrastructure or property. But it does have a clear customer niche, a curated store format, and exposure to brands and trends that resonate with younger shoppers.

When retailers get this right, cash generation can be strong.

Universal Store also has growth options through new stores, online sales, and its owned brands.

Its dividend may not be as predictable as some larger defensive names, but its growth profile could make it an interesting option for investors who want more than a traditional slow-moving ASX dividend share.

The post 5 top ASX dividend shares to buy in July appeared first on The Motley Fool Australia.

Universal Store is not one of the most famous retailers on the ASX, but it's quickly growing into an impressive force in the space.

It owns a portfolio of premium youth fashion brands, including Universal Store and Perfect Stranger and CTC (trading under THRILLS and Worship). The company operates 121 physical stores across Australia.

There are a few reasons why it looks like one of Australia's top shares to consider for the next few years.

Solid revenue growth with great outlook

The last few years have been a tough retail environment for many operators, but Universal Store has managed to deliver strong top-line growth over the past five years.

FY26 looks like another year of strong growth for the business, particularly for its two core brands.

Its latest trading update showed group retail sales in the first 43 weeks of FY26 grew 14%, with Universal Store sales growth of 11.8% and Perfect Stranger sales growth of 39.8%. Universal Store's like-for-like sales growth was 8.5%, and Perfect Stranger's LFL sales growth was 12.9%.

The LFL sales growth shows the existing store network is performing strongly, while new stores are also adding significant growth for the brands. For example, Perfect Stranger currently has a store network of 26 locations and has opened seven new stores in FY26.

To be counted as one of Australia's top shares, I think a business needs to demonstrate solid revenue growth. It ticks this box.

Rising profit margins

The business has a strong track record of growing profit margins, meaning its bottom line is rising faster than the top line. Net profit growth is essential because it's what investors usually value a business on, and profit generation funds dividends.

For example, in the FY26 half-year results, group sales grew 14.2%, the gross profit margin increased by 150 basis points (1.50%) to 62.1%, and the underlying net profit grew by 22%.

Profit margins are expected to rise again in FY26, according to the company's guidance. Based on the midpoint of its guidance, FY26 sales are projected to rise 11.5%, and underlying operating profit (EBITA) could grow by 15.4%.

I think rising profit margins are a key factor that helps an ASX share deliver strong shareholder returns.

Compelling shareholder metrics

The investor metrics the company trades at remain very attractive, in my opinion.

According to the projections on CMC Invest, the Universal Store is trading at less than 15x FY26's estimated earnings, with a potential grossed-up dividend yield of 7.8%, including franking credits.

In my view, the business is undervalued and it could be a very good buy after dropping 18% since March 2026, making it one of Australia's top shares.

The post A rare buying opportunity in 1 of Australia's top shares? appeared first on The Motley Fool Australia.

That's because it has picked out three Australian shares that it believes could be top buys right now.

What is the broker saying?

The good news is that Bell Potter believes the consumer cycle could be approaching its low point. It expects FY 2027 to be the bottom of the cycle for earnings across consumer shares. It said:

FY27 as a low point in the cycle. We expect challenging trading conditions over the next ~9 months and sit below Consensus earnings estimates for FY26e on average across our Consumer Discretionary coverage as we view FY27 as the cyclical low point for most retailers. We expect flat to nominal sales growth, gross margin pressures however somewhat offset by the AUD strength, and cost deleverage ahead.

Unfortunately, this means that conditions are likely to remain subdued in the immediate term. It adds:

We expect a relatively nominal midyear seasonal sale period in Australia given the prolonged discounting activity from May, however broadly similar depth of discounting by retailers vs last year. While trends may see some plateauing post the ongoing mid-year sale period, we view an overall improvement in discretionary spend weighing towards 2Q of FY27e.

Which ASX shares are buys?

Bell Potter has named JB Hi-Fi Ltd (ASX: JBH), Universal Store Holdings Ltd (ASX: UNI), and Nick Scali Limited (ASX: NCK) shares among its top picks in the consumer sector.

Commenting on its preference, the broker said:

Selective preferences in the sector. We continue to favour our key preferences, JBH, UNI and NCK considering their market position, gross margin levers and balance sheet strength vs current valuation.

According to the note, the broker has a buy rating and $87.00 price target on JB Hi-Fi's shares. Based on its current share price of $83.60, this implies potential upside of 4% for investors. It also expects JB Hi-Fi to offer an attractive dividend yield, sweetening the deal further.

For Nick Scali shares, Bell Potter has a buy rating and $25.00 price target on them. Based on its current share price of $16.41, this implies potential upside of 52% for investors over the next 12 months.

Finally, Universal Store shares could have plenty of upside. The broker has put a buy rating and $9.30 price target on them. Based on its current share price of $7.74, this suggests that upside of 20% is on the cards.

The post Bell Potter names 3 Australian shares to buy appeared first on The Motley Fool Australia.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to rise

The Australian share market looks set to rise again on Tuesday following a good night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 10 points or 0.1% higher. In late trade in the United States, the Dow Jones is up 0.6%, the S&P 500 is up 1.15%, and the Nasdaq has stormed 2% higher.

Telstra shares rated as a hold

Telstra Group Ltd (ASX: TLS) shares are fully valued according to the team at Bell Potter. This morning, the broker has retained its hold rating and $5.10 price target on the telco giant's shares, which is a touch below its current share price. The broker isn't expecting any surprises in August, saying: "We expect little if any surprises at the upcoming result so the focus shifts to the FY27 guidance and outlook. We and the market continue to forecast mid to high single digit growth in the key metrics of underlying EBITDAaL, cash EBIT and EPS – consistent with the Connected Future 30 strategy – so, again, we see little prospect of surprise in the guidance."

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a decent session after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.9% to US$70.51 a barrel and the Brent crude oil price is up 1.2% to US$72.85 a barrel. Traders were bidding oil higher despite easing US-Iran tensions. They may have doubts that peace talks will hold.

Gold price tumbles

It could be a tough session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price tumbled overnight. According to CNBC, the gold futures price is down 1.7% to US$4,026.1 an ounce. Concerns over rising inflation and potential interest rate hikes weighed on the precious metal.

Consumer shares to buy

Bell Potter has named the consumer shares to buy in a difficult operating environment. They are JB Hi-Fi Ltd (ASX: JBH), Universal Store Holdings Ltd (ASX: UNI), and Nick Scali Limited (ASX: NCK). Commenting on its picks, the broker said: "We continue to favour our key preferences, JBH, UNI and NCK considering their market position, gross margin levers and balance sheet strength vs current valuation."

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

A good dividend yield today can be attractive, but growth can make a big difference over time as earnings rise and companies return more cash to shareholders.

With that in mind, here are three ASX dividend shares that could be worth considering for the long term.

Amcor PLC (ASX: AMC)

Amcor could be an ASX dividend share to consider for growing passive income.

The packaging giant operates across the world, producing flexible and rigid packaging for food, beverages, healthcare, personal care, and other consumer products.

That gives Amcor exposure to everyday consumption rather than one narrow product category. People may change brands, shop around, or reduce spending in tougher periods, but packaged goods remain part of daily life across households and businesses.

The company is also exposed to defensive end markets, which can help support cash flow through different economic conditions.

Dicker Data Ltd (ASX: DDR)

Another ASX dividend share to look at for the long term is Dicker Data.

It is a technology distributor that connects major global vendors with resellers, managed service providers, and business customers across Australia and New Zealand.

Its products cover areas such as hardware, software, cloud, cybersecurity, networking, and other technology infrastructure.

That puts the company in an interesting position. It is not trying to be the next software disruptor. It sits in the middle of the technology supply chain, helping businesses access the tools they need to operate, modernise, and protect their systems.

Over the past decade, Dicker Data has also built a reputation as a strong dividend payer. The good news is that this trend looks set to continue.

As companies keep investing in cloud services, security, devices, and digital infrastructure, Dicker Data is well-placed to continue generating the cash flow needed to support dividends over time.

Universal Store Holdings Ltd (ASX: UNI)

A third ASX dividend share to consider is youth-focused fashion retailer Universal Store.

Retail can be cyclical, but Universal Store has carved out a clear position in the youth fashion market, with a strong understanding of brands, trends, store experience, and customer behaviour.

That gives it a different income profile from traditional defensive dividend shares.

When trading conditions are supportive, retailers with strong margins, disciplined inventory management, and a loyal customer base can generate attractive cash flow.

Another positive is that Universal Store has the potential to grow its earnings and dividends through new store openings, brand development, private label expansion, and better online execution.

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

It may not be one of the most well-known dividend businesses out there, but I think it has significant potential. It's a retailer of what it describes as premium youth fashion brands, including Universal Store, Perfect Stranger, and the CTC business (with the THRILLS and Worship brands). It has more than 120 stores across Australia.

Let me explain why it's such an appealing ASX dividend stock today.

Great dividend track record

The ASX dividend stock began paying dividends to shareholders in 2021 and has continued to increase its annual payout each year since.

Universal Store's latest result was the FY26 half-year result – it hiked its interim payout by 18.1% to 26 cents per share. I'm not expecting the company to continue increasing its payout at that pace every year forever, but it shows it is delivering excellent passive income growth for investors.

There are plenty of ASX blue-chip shares that have given investors a dividend reduction in the last five years, but Universal Store has not.

According to the projection on CMC Invest, the business is forecast to pay a dividend that equates to a grossed-up dividend yield of close to 8%, including franking credits, with further (but slower) growth projected for FY27 and FY28.

There are not many ASX dividend stocks with a yield of around 8% (or more) that are expected to grow their payout in high single-digit terms in the coming years.

Why this is a good time to buy the ASX dividend stock

The business is doing all the right things to grow its sales and earnings in a number of ways.

For starters, it's achieving ongoing sales growth through both good like-for-like sales at existing stores and expansion of its store network.

Its FY26 retail sales through week 43 were solid. Universal Store delivered sales growth of 11.8%. Perfect Stranger's like-for-like (LFL) sales grew 12.9%, while total sales growth came to 39.8%. CTC LFL sales increased 3.8%, while total sales increased 14.5%.

During FY26, Universal Store has opened four new stores and Perfect Stranger opened seven new stores.

The company expects total FY26 sales to grow by approximately 11.5%, while underlying operating profit (EBITA) could grow by 15.4%. As we can see, profit margins are expected to improve, which helps the bottom line grow faster, and this is what funds those rising dividends.

It has shown great skill at growing earnings and dividends over the years – I think this is a good time to invest in the ASX dividend stock, along with a few other names.

The post 1 ASX dividend stock down 19% I'd buy right now appeared first on The Motley Fool Australia.

While bank shares often receive plenty of attention from dividend investors, there are many other options offering attractive forecast dividend yields.

Some of these shares also provide exposure to very different parts of the economy, which can be useful for investors trying to build a more diversified income stream.

Here are three ASX dividend shares that are rated as buys by brokers and forecast to yield more than 5% in FY 2027.

APA Group (ASX: APA)

The first ASX dividend share to look at is APA Group.

APA owns energy infrastructure assets, including gas pipelines and related infrastructure that help keep energy moving across Australia.

That gives the company an important role in the economy. Its assets support households, industry, power generation, and energy security, which can make its cash flows attractive to income-focused investors.

Citi is bullish on the company. It has a buy rating and $11.10 price target on APA's shares.

As for income, the broker expects APA to pay a dividend of 59 cents per share in FY 2027. Based on the current share price of $10.31, this represents a forward dividend yield of approximately 5.7%.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that could be attractive for income investors is the Charter Hall Long WALE REIT.

This property trust owns a portfolio of leased assets across Australia, with a focus on long weighted average lease expiry properties.

That long-lease structure is the key part of the income story. Rather than relying heavily on short-term leasing conditions, Charter Hall Long WALE REIT is built around contracted rental income from a portfolio of tenants across different sectors.

Citi also sees value here. It has a buy rating and $4.10 price target on its shares.

The broker expects Charter Hall Long WALE REIT to pay a dividend of 25.7 cents per share in FY 2027. Based on the current share price of $3.75, this equates to a forecast yield of approximately 6.9%.

Universal Store Holdings Ltd (ASX: UNI)

A third ASX dividend share to consider is Universal Store.

It is a youth-focused fashion retailer with a portfolio of brands and stores targeting younger shoppers.

Retail shares can be cyclical, but Universal Store has built a strong position in its niche. Its store network, brand mix, and understanding of youth fashion trends give it a point of difference in a competitive market.

Morgans is positive on the company. It has a buy rating and $9.50 price target on Universal Store's shares.

With respect to income, the broker expects the company to pay a fully franked dividend of 46 cents per share in FY 2027. Based on its current share price of $7.34, this represents a forward dividend yield of approximately 6.3%.

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