Trump's declaration that the war with Iran would go on for another "two to three weeks" was enough to start the selling. By the time the markets closed up for the Easter break, the ASX 200 had slumped by a nasty 1.06%. That fall leaves the index at 8,579.5 points as we head into the long weekend.

This volatile session for Australian investors follows a far more optimistic morning up on the American markets (let's see what happens tomorrow over there).

The Dow Jones Industrial Average Index (DJX: .DJI) had a comfortable time of it, rising by 0.48%.

Meanwhile, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more enthusiastic, gaining 1.16%.

But let's return to the local markets now and check out how the various ASX sectors dealt with today's whipsawing trading conditions.

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

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

Here at The Fool, our analysts do not recommend buying ASX shares simply just to get the next dividend payment.

Our market experts say the decision to buy should be more thoughtful than that, and based on fundamental analysis.

But if you already intend to buy any of these ASX shares, you might like to consider the best timing for you.

For example, you could buy before the ex-dividend date and receive entitlement to the next dividend payment.

Or you might prefer to wait until the ex-dividend date itself, when the share price usually falls, to snap up your stock.

Here are some ex-dividend dates next week

The post 20 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

In fact, the S&P/ASX 200 A-REIT (ASX: XPJ) index is down 11% year to date. 

For comparison, the S&P/ASX 200 Index (ASX: XJO) is up roughly 2% in that same period.

What's the benefit of ASX REITs?

For those unfamiliar, ASX REITs have long been a popular investment option. 

Put simply, an REIT is a company that owns and operates property assets that typically produce income.

This can be anything from retirement homes or apartments, to office blocks or petrol stations.

Australian investors generally target ASX REITs because they have historically provided reliable, income-focused returns through mandatory high dividend distributions. 

Additionally, it offers exposure to commercial property without directly owning real estate which can lead to capital growth tied to Australia's property market.

They also provide portfolio diversification. 

That's because REITs are primarily influenced by factors such as interest rates, property valuations, rental income, occupancy rates, and economic conditions affecting commercial or residential real estate. 

Meanwhile, sectors like mining are driven by commodity prices and global demand, and tech stocks are more influenced by innovation cycles, growth expectations, and risk sentiment.

This means the REIT market might move differently to these other sectors like mining or tech.

Morgans lists ASX REIT as a buy

Amidst poor performance from the broader sector, the team at Morgans has identified Waypoint REIT Ltd (ASX: WPR) as a potential REIT to watch. 

The company owns a $3 billion portfolio of service station properties across all Australian states and mainland territories.

The vast majority of the company's rental income comes from the ASX-listed Viva Energy Group Ltd (ASX: VEA) which owns, operates, and supplies fuel to the Shell and Liberty service station brands in Australia.

It released FY25 results at the end of February. 

The broker said the company's FY25 result was in line with guidance while FY26 guidance was ahead. 

Waypoint REIT (WPR) delivered a solid FY25 result with FFO of 16.64c, in-line with upgraded guidance and FY26 outlook modestly ahead of expectations. 

The portfolio continues to perform as a yield-focused vehicle, with limited near-term execution risk following the renewal of the majority of FY26 lease expiries with key tenant Viva Energy (VEA), securing ~12% rental uplift.

Upgraded outlook

Based on this guidance, Morgans upgraded the REIT to an accumulate rating (previously hold).

The broker also upgraded its price target to $2.75 (previously $2.70).

From yesterday's closing price of $2.51, this indicates an upside of 9.56%.

WPR trades at ~13% discount to NTA ($2.90) and offers a ~7% FY26F distribution yield.

The post An exciting REIT for real estate investors to add to their watchlist appeared first on The Motley Fool Australia.

Among the payers this week were BHP Group Ltd (ASX: BHP), which paid a fully franked dividend of 91.9 cents per share yesterday.

Telstra Group Ltd (ASX: TLS) also paid out a fully franked final dividend of 9.5 cents per share yesterday.

Some companies that reported their financial results late in the August earnings season are yet to go ex-dividend.

That means you still have time to strategise how to make their ex-div dates work for you.

Make the ex-dividend date work for you!

Ex-dividend dates provide two opportunities for investors.

After a company announces its next dividend, investors have a small window of opportunity to buy the ASX share with the payment attached.

If you do this, you can generate a quick return via short-term income.

Alternatively, you might like to wait until the ex-dividend date to buy, because the price will likely fall, creating a buy-the-dip opportunity.

Share prices typically fall on ex-dividend dates because the stocks are fundamentally less valuable without the next dividend attached.

As usual, there have been many examples of ASX shares falling on their ex-dividend dates this year.

On Monday, New Hope Corporation Ltd (ASX: NHC) shares fell 7.35% after the coal mining stock went ex-dividend.

Next week, a slew of real estate investment trusts (REITs) and other ASX shares will go ex-dividend.

19 ASX shares with ex-dividend dates next week

Here is a sample of the ASX shares with ex-dividend dates next week.

The post 19 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

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

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As the chart above shows, the Waypoint REIT share price has fallen around 25% from October 2021, which is a large decline for a large and predictable business.

Its market capitalisation is currently approximately $1.6 billion. The business owns a portfolio of service stations around Australia – it had 402 properties at 30 June 2024. Its major tenant is the ASX-listed Viva Energy Group Ltd (ASX: VEA).

Let's have a look at the three areas that could make it an interesting idea.

ASX dividend share distribution yield

The business pays its distribution to investors quarterly, which is good for regular cash flow payments.

Despite the headwind of high interest rates, the business has provided investors with very consistent distribution payments over the last three years, which I think is commendable for a real estate investment trust (REIT).

According to the Commsec forecast, the business is projected to pay a distribution per unit of 16.5 cents in FY25. At the current Waypoint REIT share price, that translates into a forward distribution yield of 6.9%.

Underlying growth

I'm not about to say the service station sector has massive growth tailwinds. But, with the price at which this ASX dividend share is trading, any growth is an exciting prospect, in my view.

The business expects organic rental income growth of approximately 3% per year in the foreseeable future.

In the first half of FY24, the business reported a 3.1% growth of rental income to $80.3 million and a 3.8% growth of operating profit (EBIT). The main downside was a 16.2% rise in the net interest rate expense to $20.1 million due to higher-costing debt. But, interest costs shouldn't keep rising forever because central bank interest rates seem to have peaked.

In HY24, distributable earnings were flat at $55.6 million, allowing the business to pay a stable distribution.

Cheap price

With each result, the business tells investors its underlying value – that's the value of the properties and other assets minus the liabilities, such as debt.

At 30 June 2024, it had net tangible assets (NTA) of $2.79. This may slightly drop in the upcoming FY24 result (to be released in February), but the current Waypoint REIT share price suggests there's a double-digit NTA discount in percentage terms to the share price, which seems attractive to me.

Remember, it's widely expected that the Reserve Bank of Australia (RBA) is going to cut rates soon, which could help the REIT's distributable earnings and the underlying property value.

The post Is this under-the-radar ASX dividend share a top buy for 2025? appeared first on The Motley Fool Australia.

In fact, they're all scheduled to go ex-dividend on 30 December.

This sets a deadline for ASX investors interested in racking up some extra dividends before the year is out.

However, act with caution. Don't go buying stocks just because they're about to pay a dividend!

The Fool recommends making sure they stack up on a fundamental analysis basis before investing your hard-earned money.

ASX 200 stocks going ex-dividend on 30 December

If you want the next dividend from these ASX 200 stocks, you need to buy them before the ex-dividend date. This is the first day that the stock will trade without its next dividend attached.

The share price typically goes down on the ex-dividend date.

This is because the stock is less appealing without the dividend attached. Investors also know that the company's balance sheet will take a hit when the dividend is paid to shareholders.

It's useful to be aware of the ex-dividend dates on the ASX 200 stocks you own or are watching.

If you already own the stock, this awareness will forewarn you of the likely share price fall on ex-dividend day. By the way, that fall may present a good opportunity for dollar-cost averaging.

If you've been watching a stock and would like to buy it, and the price is right, knowing the ex-dividend date may help you plan the timing of your purchase.

Here are a bunch of ASX 200 stocks going ex-dividend next week and the amounts they will pay investors.

15 ASX 200 stocks going ex-dividend on 30 December

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If you want to get in on the dividend action with any of these popular ASX All Ords stocks, you need to purchase them before the 'ex-div' date.

The ex-dividend date is the first day that a share trades without its next dividend payment attached.

The share price will typically go down on the ex-dividend date because the stock obviously loses a bit of value without the dividend attached. Plus, the company loses that amount of cash off its balance sheet.

So, it's handy to be aware of the ex-dividend dates on your stocks ahead of time so you're not surprised by the share price dip on the day.

Here are a bunch of popular ASX All Ords shares going ex-dividend next week, and their payouts:

ASX All Ords dividend shares trading ex-dividend next week

The post Popular ASX All Ords shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

The day the payout hits the bank account is important, but the ex-dividend date is also essential to know. Investors need to own shares before the ex-dividend date to gain entitlement to the upcoming payment. Any investors that buy on the ex-dividend date miss out.

Many of the businesses that I'm going to mention are ASX 200 property trusts that pay every three months.

ASX REITs going ex-dividend next week

The following ASX-listed real estate investment trusts (REITs) will soon be allocating their payments to investors that own these ASX 200 shares.

BWP Trust (ASX: BWP) plans to pay a distribution per security of 9 cents on 28 February 2024, and the ex-distribution date is 28 December 2023.

Charter Hall Group (ASX: CHC) is set to pay a distribution per security of 22.09 cents on 29 February 2024. The ex-distribution date is 28 December 2023.

Centuria Industrial REIT (ASX: CIP) will pay 4 cents per security on 31 January 2024. The ex-distribution date is 28 December 2023.

Charter Hall Long WALE REIT (ASX: CLW) expects to pay its 6.5 cents per security distribution on 14 February 2024, with an ex-distribution date of 28 December 2023.

Charter Hall Social Infrastructure REIT (ASX: CQE) is paying a distribution per security of 4 cents on 19 January 2024. The ex-distribution date is 28 December 2023.

Charter Hall Retail REIT (ASX: CQR) will pay 12.3 cents per security on 29 February 2024, with the ex-distribution date being 28 December 2023.

HomeCo Daily Needs REIT (ASX: HDN) is set to pay a distribution of 2.075 cents per security on February 2024. The ex-distribution date for this is 28 December 2023.

Waypoint REIT Ltd (ASX: WPR) will pay a distribution of 4.1 cents per security on 26 February 2024, with an ex-distribution date of 28 December 2023.

It's also worth pointing out that Real estate property trust Rural Funds Group (ASX: RFF) — which owns a portfolio of agricultural assets — is also nearing its ex-distribution date of 28 December 2023 for 2.93 cents per security.

And ASX property companies…

APA Group (ASX: APA) is set to pay shareholders a dividend of 26.5 cents per share on 14 March 2024, with an ex-distribution date of 28 December 2023.

Mirvac Group (ASX: MGR) will pay a dividend per share of 4.5 cents on 29 February 2024. The ex-distribution date is also 28 December 2023.

Stockland Corporation Ltd (ASX: SGP): This diversified property business plans to pay a dividend of 8 cents per unit on 29 February 2024, which has an ex-distribution date of 28 December 2023.

Transurban Group (ASX: TCL): Toll road operator Transurban will pay a dividend per security of 30 cents on 13 February 2024. The ex-distribution date for this is 28 December 2023.

The post ASX 200 shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

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If you're overwhelmed by all the financial figures, Morgans analyst Andrew Tang has helpfully picked out the best buys based on the latest results announcements.

Here are four of those ASX shares to consider adding to your portfolio:

'Positive earnings momentum is obvious'

TPG Telecom Ltd (ASX: TPG) shares have had a rough time since the company was born out of a merger between Vodafone Australia and TPG.

Since that first day on the ASX in July 2020, the stock price has dropped more than 42%.

But Tang was pleased with the latest report.

"TPG FY22 result was, pleasingly, in line with expectations," Tang said on the Morgans blog.

"Revenue was up 1.5% year-on-year and underlying EBITDA (excluding the gain on tower sales and restructuring costs) was up ~4% year-on-year to $1,793 million."

As well as hitting Morgans' target for the financial year just gone, the future was also positive.

"FY23 guidance is ~3% ahead of consensus," said Tang.

"This was the first time since merging that positive earnings momentum is obvious across the group."

Morgans thus has an add rating on TPG shares.

This business is 'now through the worst'

On the other hand, food and drinks producer Bega Cheese Ltd (ASX: BGA)'s fortunes were downbeat in the latest results.

"BGA's 1H23 result was weak with net profit after tax [NPAT] down 74%," said Tang.

"Margins (especially in the 1Q) were materially impacted by higher milk and other inflationary costs and the lag impact of implementing price rises (didn't take effect until the 2Q)."

The 2023 financial year earnings outlook was downgraded to the lower end of the previously flagged range.

"Rising interest rates will further impact NPAT. We have made large cuts to our forecasts."

Despite all this doom and gloom, Tang has upgraded the stock to a buy.

"While we continue to have concerns about the dairy industry, we think Bega is now through the worst of it," Tang said.

"With low double-digit price rises, further efficiencies, synergy realisation and asset sales, BGA expects a much improved result in FY24."

Tang's team highly rates Bega's new leadership team, expecting it to "deliver improved returns over the coming years".

Bega shares are down more than 26% over the past 12 months.

Economic slowdown is a worry, but this stock is still a buy

Like many technology stocks, online task marketplace Airtasker Ltd (ASX: ART) has seen its shares devastated in recent times.

The stock price has lost a painful 62% over the past year.

Tang felt the latest results showed the business is heading in the right direction.

"Gross merchandise volume growth of +58% on prior comparable period (to ~$132 million) and revenue growth of +57% on prior comparable period (to ~$22 million) was a resilient performance from the local services marketplace, in our view."

There was "some softness" seen on posted tasks due to the slowing economy, admitted Tang.

"We note supply side normalisation (labour) has begun and assisted completion rates and helped underpin Airtasker's GMV growth."

The Morgans team has thus lowered its future expectations, but still rates Airtasker as a buy.

2022 was all the hard work, now sit back for 2023

Petrol station real estate owner Waypoint REIT Ltd (ASX: WPR) reported results that met Tang's expectations, due to its focus last year on selling "non-core assets", capital management, and balance sheet clean-up.

"The portfolio is valued at $2.9 billion across +400 properties with metrics stable," he said.

"Revaluations saw cap rates expand 16 basis points over 2022. Net tangible assets at $3.02."

This compares to Waypoint's share price closing Tuesday at $2.73.

Tang's team sees this year as one of consolidation rather than reform.

"After two years of steady asset sales (~15% of portfolio), 2023 is expected to be less active."

The main feature of any real estate trust, the dividend yield, is expected to remain attractive.

"CY23 distributable EPS guidance to be in line with CY22 which equates to a distribution yield of +6%."

The post 4 ASX shares to grab now after boom results: expert appeared first on The Motley Fool Australia.

According to CommSec, companies in the S&P/ASX 200 Index (ASX: XJO) declared more than $42 billion worth of dividends in the recent ASX reporting season.

Now, a lot of these ASX 200 shares are turning ex-dividend, taking away entitlements to their upcoming dividend payments.

But a particular subset of ASX 200 shares will be in focus tomorrow: real estate investment trusts (REITs).

See, ASX REITs typically pay quarterly dividends (also known as distributions). And within the last couple of weeks, many have declared their distributions for the quarter ending 30 September 2022. 

Tomorrow, more than a dozen ASX REITs will be going ex-dividend. And in the process, taking their unfranked dividends off the table.

Five, in particular, are members of the ASX 200 index. Let's check them out.

Charter Hall Long WALE REIT (ASX: CLW)

The largest ASX REIT by market capitalisation going ex-dividend tomorrow is the Charter Hall Long WALE REIT.

This REIT focuses on high-quality real estate on long-term leases, investing in around 550 properties in Australia and New Zealand with long weighted average lease expiry (WALE) periods.

As of tomorrow, the Charter Hall Long WALE REIT will no longer trade with rights to receive a quarterly distribution payment of 7 cents on 11 November.

Pleasingly for investors, REITs often provide specific guidance for the year ahead. In terms of dividends, the CLW REIT is expecting to declare total distributions of 30.5 cents in FY23, up 4% from the prior year. This represents a dividend yield of 7.7%. 

HomeCo Daily Needs REIT (ASX: HDN)

Next up, HomeCo is another ASX 200 REIT turning ex-dividend tomorrow. This REIT focuses on convenience-based assets across the subsectors of neighbourhood retail, large format retail, and health and services. 

Think local town centres and shopping strips. Its top three tenants by gross income are Woolworths Group Ltd (ASX: WOW), Bunnings, and Coles Group Ltd (ASX: COL).

Tomorrow, HomeCo shares will be trading without entitlements to the latest quarterly distribution of 2.075 cents, which will be paid "on or about" 25 November. The REIT also has a dividend reinvestment plan (DRP) available.

Looking ahead, HomeCo is guiding for FY23 distributions of 8.3 cents, relatively in line with the most recent financial year. At current levels, this equates to a dividend yield of 7.3%.

Waypoint REIT Ltd (ASX: WPR)

The next cab off the rank is Waypoint, a REIT that focuses on petrol station assets around the country. Waypoint shares will be trading tomorrow without a quarterly distribution of 3.95 cents, which will be paid on 15 November.

Waypoint recently announced its first-half 2022 results, reiterating FY22 distribution guidance of 16.44 cents. This would be a 4% hike from the prior year and represents a dividend yield of 7.1%.

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial is another ASX 200 REIT turning ex-dividend tomorrow. CIP is Australia's largest domestic pure-play industrial REIT, with most of its 88 industrial assets located along the eastern seaboard of Australia.

Today will be the final day that the Centuria Industrial REIT will be trading with its latest quarterly distribution of 4 cents. For now, the REIT has flagged a payment date of 28 October.

In FY22, the Centuria Industrial REIT declared total distributions of 17.3 cents. The REIT is guiding for FY23 distributions of 16 cents, down 8% year over year, representing a dividend yield of 6.2% based on current prices.

Arena REIT (ASX: ARF)

Last but not least, the Arena REIT will also be trading ex-dividend tomorrow. This REIT focuses on social infrastructure properties, which are leased to a diversified tenant base in the childcare and healthcare sectors.

From tomorrow onwards, Arena will no longer be trading with its latest quarterly distribution of 4.2 cents. The payment date has been pencilled in for 3 November. A DRP is also available for shareholders who wish to participate.  

When announcing its full-year results last month, Arena provided FY23 distribution guidance of 16.8 cents. This would represent 5% growth from the prior year and spins up a dividend yield of 4.8%.

The post Here are 5 ASX 200 shares turning ex-dividend tomorrow appeared first on The Motley Fool Australia.

One expert is thus putting companies through 2 thematic filters to work out whether they're worthy of stuffing into the Christmas stocking.

"Two themes we like right now are what we call Stable Compounders and Structural Winners," said Montgomery Investment Management chief investment officer Roger Montgomery.

"And we have two preferred stocks – one in each theme – that we think will provide solid long-term returns."

For the record, Montgomery personally believes inflation is not a huge threat to shares, as there will be counter-forces at play.

"The economy is cooling," he said on the Montgomery blog.

"While investors may be more excited about the negative influence this potentially has on consumer demand and therefore consumer prices, a less obvious impact will come from these people gaining employment. An increase in labour supply will also place downward pressure on wages."

Longer-term pre-COVID trends of decreasing unionised labour and automation will also conspire to keep a lid on inflation, added Montgomery.

Regardless, here are the 2 ASX shares Montgomery singled out as flag bearers for the 'stable compounders' and 'structural winners' themes:

Australians still need petrol stations 

Stable compounders are businesses that offer "growth with a defensive element".

"They tend to be in stable industries, are market leaders and are under-appreciated by the market."

One example that Montgomery likes at the moment is Waypoint REIT Ltd (ASX: WPR), which is the landlord for many petrol station sites around Australia.

Its tenants include Coles Group Ltd (ASX: COL)/Shell, 7-Eleven and Liberty.

"Waypoint properties enjoy 100 per cent occupancy, a 10.5-year weighted average lease expiry (WALE) and 3 per cent weighted average rent reviews."

The stability of its clientele provides for a very reliable income stream.

"Waypoint yields slightly more than 5%, which along with an estimated dividend per share growth equivalent to about 3%, offers a potential total shareholder return of 9%," said Montgomery.

"Management also announced a $150 million capital return buyback on 30 July 2021 which is subject to the settlement from the sale of a portfolio of properties expected to occur this half."

The icing on the cake is that Montgomery believes Waypoint is attractive as an acquisition target.

"Additionally, the potential for further revaluations exists with Waypoint's book of properties appearing to be valued 20% below the prices similar properties are being transacted for in the open market."

Waypoint shares are down 1.45% this year so far, although that's only after losing 4.6% in the past 5 business days.

Australians will need more cloud

Structural winners are those ASX shares taking advantage of a long-term societal or consumer trend that is "agnostic" to economic health.

Montgomery named cloud computing and decarbonisation as two such structural trends, while declaring his fund owns shares in Macquarie Telecom Group Ltd. (ASX: MAQ).

"A data centre operator, it benefits from the trend toward cloud services, which is levelling the playing field for small businesses to compete globally and digitally," he said.

"As the company expands its footprint, the market is also slowly understanding it can sell its last 10% of capacity for 10 times the price of its first 90%. And whether the economy grows or not probably matters little."

Macquarie shares have risen an impressive 49.2% over the past 12 months.

ASX shares that are structural winners have rewarded investors with growth in the past 10 years, according to Montgomery, and "may continue to do likewise over the next decade".

"We currently believe, notwithstanding the ever-present risk of a 10% to 15% setback, financial year 2022 will prove to be as lucrative as FY21."

The post 2 ASX shares for the Christmas stocking appeared first on The Motley Fool Australia.

Some businesses have dividend yields that are more than 5%, which is a lot more than what someone can get from a savings account at the moment.

However, just because a business pays a dividend or distribution, doesn't necessarily make it a buy for income. But there are analysts out there are on the lookout for opportunities, which may also have high dividend yields.

These are two that are currently rated as buys:

Waypoint REIT Ltd (ASX: WPR)

Waypoint is a business that owns a large portfolio of petrol service stations across Australia's road networks. Its stated objective is to maximise the long-term income and capital returns from its ownership of the property portfolio.

The business has been busy maximising value for investors. In its half-year result it told investors it had sold 37 non-core assets for a total of $132 million, representing a premium of almost 11% to the prevailing carrying value.

The ASX dividend share is also benefiting from rising asset prices – the gross valuation uplift for the six months to 30 June 2021 was $189.8 million, helping its net tangible assets (NTA) increase 10.4% to $2.75 per security.

Waypoint says that it offers secure rental income with embedded growth, underpinned by long-term leases to quality tenants.

At 30 June 2021, it had a 99.9% occupancy rate, a 10.5 year weighted average lease expiry (WALE) and "strong" organic rental growth unpinned by a weighted average rental review (WARR) of 2.9%. Viva Energy Group Ltd (ASX: VEA) is the key tenant.

In FY21, it's expecting to grow its distributable earnings per security to a range of between 15.72 cents to 15.8 cents. That's growth of between 3.75% to 4.25%.

The broker Morgans rates Waypoint REIT as a buy. In FY22 the broker thinks Waypoint will pay a distribution of 16 cents per security, which is a forward yield of 5.9%.

Stockland Corporation Ltd (ASX: SGP)

Stockland is a diversified property business with a few different segments including residential communities, retirement living communities, land lease and commercial property (predominately retail town centres).

It's currently rated as a buy by Citi. Stockland is expected to pay a FY22 payout of 28 cents per security. That translates to a forward yield of 6%.

The ASX dividend share generated $1.1 billion of statutory profit, though funds from operations (FFO) fell 4.6% to $788 million, or 33.1 cents per security. It also generated $1 billion of operating cashflow.

In FY22, it's expecting to generate FFO per security in a range of 34.6 cents to 35.6 cents. The distribution per security is forecast to be within a target payout ratio of between 75% to 85% of FFO.

Residential settlements are expected to be around 6,400 lots. The residential operating margin is expected to be around 18%. It's also expecting land lease communities to deliver 300 settlements in FY22. The business has a $33 billion pipeline of work.

However, Stockland says that current market conditions remain challenging.

The post These 2 ASX dividend shares are rated as buys appeared first on The Motley Fool Australia.

It's the job of brokers to find businesses that might be opportunities on the share market. Some of those businesses currently pay a relatively high dividend yield.

Here are two that are liked by brokers:

Charter Hall Long WALE REIT (ASX: CLW)

This is one of the larger real estate investment trusts (REITs) on the ASX with a market capitalisation of just over $3 billion according to the ASX.

The aim of this REIT is to provide investors with stable and secure income, with the potential for both income and capital growth through an exposure to long weighted average lease expiry (WALE) properties.

The ASX dividend share is focused on owning assets that are predominately leased to tenants with strong covenants on long-term leases. This REIT is managed by Charter Hall Group (ASX: CHC).

Charter Hall Long WALE REIT recently had 458 properties, or 92% of the portfolio, independently valued for 30 June 2021. That resulted in a $373.4 million, or 7.6%, uplift on the prior book values. That saw the portfolio average capitalisation rate compress 38 basis points from 5.14% to 4.76%.

This update from the ASX dividend share saw the pro forma net tangible assets (NTA) per unit increase 12.8% from $4.65 to $5.24. It currently has a WALE of around 14 years.

Charter Hall Long WALE REIT is rated as a buy by the broker Citi because of its conservative guidance and strong rental income. The price target is $5.30. At the current share price, Citi thinks the dividend yield will be 6% for FY21 and 6.25% for FY22.

Waypoint REIT Ltd (ASX: WPR)

This is the largest REIT that gives pure exposure to fuel and convenience retail properties with a network across all Australian states and mainland territories.

Waypoint REIT's stated objective is to maximise the long-term income and capital returns from its ownership of the portfolio for the benefit of all securityholders.

There is rental growth built into its contracts, predominately with tenant Viva Energy Group Ltd (ASX: VEA) and sub-tenant Coles Group Ltd (ASX: COL) with Coles Express.

It has an occupancy rate of 99.9%, a WALE of 10.8 years, with most of them (over 90%) having triple net leases.

The ASX dividend share is achieving attractive organic rental growth underpinned by a weighted average rent review of 2.9%. There is further growth potential through acquisitions and development.

It's currently rated as a buy by Morgans, with a price target of $2.92. Morgans is expecting the FY21 and FY22 distributions to be 15.7 cents and 16.4 cents, equating to a distribution yield of 5.9% this financial year and 6.2% next financial year.

The post Brokers rate these 2 ASX dividend shares as buys appeared first on The Motley Fool Australia.

A few ASX 200 dividend shares are still struggling in this COVID-19 environment such as Sydney Airport Holdings Pty Ltd (ASX: SYD).

But there are others that are paying solid payments that equate to a pretty high yield such as:

Waypoint REIT Ltd (ASX: WPR)

As the name suggests, Waypoint is a real estate investment trust (REIT) that owns a portfolio of service stations across Australia. The vast majority of them are leased as Coles Group Ltd (ASX: COL) Express convenience stores.

It has 470 properties with a weighted average lease expiry (WALE) of 10.8 years, with 72% of them in metro locations and the other 28% in regional locations.

The aim of the ASX 200 share is to steadily increase its distributable earnings per security (EPS). It has successfully done this in each of the year's since it listed on the ASX. In FY20 its distributable EPS grew another 4.25% with minimal impact from COVID-19 (99.9% of rent was collected).

It has an annual management expense ratio of 0.30%, which is one of the lowest in the REIT sector.

Waypoint is expecting to grow its distributable EPS by another 3.75% in FY21 to 15.72 cents. That would equate to a distribution yield of 6.3%.

The business is looking to offload non-core assets at a premium. It has sold three metro assets through public auction for a combined price of $8.1 million, which was a 22.1% premium to the prevailing book value.

Waypoint is rated as a buy by the broker Morgans, with a price target of $2.92. The broker points out that almost all of the leases have a fixed 3% or higher annual rental increase which helps distributable profit growth. 

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is one of the ASX 200 shares that is seeing elevated levels of demand after the onset of the COVID-19 pandemic.

Earlier on during COVID-19, there was strong demand for products that enabled customers to work, learn and be entertained at home.

But the strong retail environment has continued for many months beyond the initial lockdowns with government stimulus, low interest rates and redirected household expenditure.

Credit Suisse rates the JB Hi-Fi share price as a buy, with a price target of $57.39. The broker was impressed by the high level of sales in the third quarter of FY21. Credit Suisse believes there's a lot of demand still in the economy.

The broker is expecting the ASX 200 share to pay a FY21 dividend yield of 8% thanks to the strong earnings growth.

JB Hi-Fi said that in the third quarter of FY21, it saw total sales growth of 10.4% for JB Hi-fi Australia, 16% total sales growth for JB-Hi New Zealand and 5.8% sales growth for The Good Guys.

It said trading in April was also pleasing. However, it did acknowledge that it's now cycling against elevated sales growth from last year, though it's continuing to see elevated customer demand and strong sales growth rates over a two-year period.

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