2 excellent ASX dividend shares to buy
James Mickleboro | May 12, 2021 6:57am |
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Are you looking for some excellent ASX dividend shares to add to your income portfolio?
Then you might want to take a look at the ones listed below. Here’s what you need to know about these dividend shares:
If you don’t have exposure to the banks, then you might want to take a look at NAB. Even though its shares have been on fire this year, one leading broker doesn’t believe it is too late to invest.
According to a note out of Goldman Sachs, its analysts have a conviction buy rating and $29.97 price target on the bank’s shares. NAB remains the broker’s preferred sector exposure due to its cost management initiatives, its position as the largest business bank, and its strong capital position.
By Alice Uribe SYDNEY National Australia Bank Ltd. s first-half net profit more than doubled as the Australian and New Zealand economies rebounded from the pandemic more strongly than expected. The Australian bank said its statutory net profit totaled 3.21 billion Australian dollars (US$2.49 billion) in the six months through March, up from A$1.31 billion at the corresponding stage of the 2020 fiscal year. Cash earnings a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares rose by 95% to A$3.34 billion. This was ahead of consensus expectations for cash earnings of A$2.95 billion. Chief Executive Ross McEwan said risks remained, despite the economic recovery in Australia and New Zealand.
Provided by Dow Jones By Alice Uribe SYDNEY National Australia Bank Ltd. s first-half net profit more than doubled as the Australian and New Zealand economies rebounded from the pandemic more strongly than expected. The Australian bank said its statutory net profit totaled 3.21 billion Australian dollars (US$2.49 billion) in the six months through March, up from A$1.31 billion at the corresponding stage of the 2020 fiscal year. Cash earnings a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares rose by 95% to A$3.34 billion. This was ahead of consensus expectations for cash earnings of A$2.95 billion.
The Nearmap share price fell by 23% after investors responded to the legal case relating to patent infringement.
Nearmap said that it was made aware on the morning of 5 May 2021 of a complaint filed against its subsidiary, Nearmap US Inc, in the United States District Court (District of Utah, Northern Division).
The complaint alleges patent infringement relating to the plaintiffs’ roof-estimation technology. The allegations do not affect Nearmap’s core proprietary technology and do not affect the surveying of imagery or the delivery of premium content. The business remains unaffected, according to management.
This complaint has been filed on behalf of Eagle View Technologies Inc and Pictometry International Corp. The plaintiffs are seeking unspecified monetary damages and the prevention of alleged further infringement in relation to the plaintiffs’ roof-estimation technology.