Under-siege retailer Myer and its bankers are testing the waters for an ‘OnlineCo’ joint venture or spin-off, which could see a new strategic or financial investor take a stake in its $600-million-a-year online retail business.
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Here are 2 top ASX dividend shares that could provide steady passive income
Soul Patts and Charter Hall Long WALE REIT both have been paying steady income.
Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.
Coles Group Ltd (ASX: WES), David Jones and
The ASX dividend share recently made some more acquisitions, which included spending $135.2 million on a 33.3% tenants in common title interest in the
Myer Holdings Ltd (ASX: MYR) Bourke Street Mall property in the Melbourne CBD. Those combined acquisitions had a passing yield of 5.1% and a long WALE of 11.2 years.
With a 100% distribution payout ratio, it’s expecting FY21 operating earnings per share (EPS) of 29.2 cents – that represents a distribution yield of 6%. Operating EPS is then expected to grow by another 4.5% in FY22.
It’s currently rated as a buy by Citi with a price target of $5.30.