Reward 2000 Tiger-coinsIt is difficult to predict the performance of the market in 2023. Share prices tend togothrough volatility. It’s possible for the share market to hit a bump every so often like it did in 2020 and 2022.
When the market is volatile, it is difficult to determine the exact buying and selling point of a stock.Over the longer term though, businesses can reinvest some of the profits that it makes back into the business to grow profit in the future.With the rest of the profit, it can pay dividends to shareholders.
It’s this combination of dividends and long-term profit growth that can lead to pleasing dividend income payments as well as capital growth over time.
The ASX share market is full of names that pay dividends to investors. I would like to invite you torecommend an ASX 200 dividend stocks for 2023,and you will win Tiger Coins.
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Please leave a message in the comments section of this post, and recommend an ASX 200 dividend stocks for 2023 💸💸
It would be appreciated if you could provide us with a brief explanation of why you recommend this company, such as its strong dividend history, high dividend yield, and solid financial performance.
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- All Tigers who comment on the following post will receive 10 Tiger Coins.
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⏰Activity Duration
From 5 January 2023 to 12 January 2023
Comments
🌈🌈🌈If there is one name that every Aussie knows it's $WOOLWORTHS GROUP LTD(WOW.AU)$ , the largest chain of supermarkets in Australia and New Zealand. In a volatile market, my Top Pick would be Woolworths as it is the most defensive stock in the consumer staples sector. Come rain or sunshine, Woolworths is here to stay, impervious to market cycles.
Woolworths or Woolies as it is affectionately called, has a wide brand moat and a phenomenal chain of 1457 stores throughout Australia. Its purchasing power and distribution network is unparalleled. Woolworths has 37% of the market share in supermarket business beating its closest rival, Coles hands down.
I love Woolworths for its steady and regular dividends. The current dividend yield is 2.77%. Woolworths tick all the core fundamentals of a quality stock. It is profitable, has a solid balance sheet and an excellent management team.
Woolworths is simply my favourite kind of stock.
@Tiger_AU
I would also add $COMMONWEALTH BANK OF AUSTRAL(CBA.AU)$, as I believe that the largest bank in Australia is going to post higher earnings in the coming quarters as the net interest margins improve on the back on the relentless rate hikes by the Fed and other central banks around the world to rein on stubbornly high inflation.
I believe that the earnings upsides from the mining and banking stocks will enable the companies to raise their dividends to reward their shareholders.
The company also posted record full-year profits and currently offers a dividend yield of around 1%. Whilst this yield may not sound overly enticing right now, but the company has the potential for significant growth and, thereby, higher payouts in the future. TechnologyOne is targeting $500 million of annual recurring revenue by financial year 2026 and expects to continue doubling in size every five years. @Tiger_AU
With a growth strategy based on its core baby and kids value apparel categories, Best & Less expects to see strong growth on a 'migration to value' by Australian families who face rising cost-of-living pressures.
In FY22 the company paid a dividend of 12c per share, for a dividend yield of 8.8%. Macquarie analysts say Best & Less could pay a grossed-up dividend yield of nearly 13%.
Another of my pick is $Accent Group Ltd(AX1.AU)$. It has rapidly evolved into a leading footwear retailer with over 500 stores, 19 brands and more than 20 online platforms.
Goldman said it expected Accent to produce strong yields ahead on the back of diversified product exposure that will make the company resilient in the current cycle.
Goldman forecasts fully franked dividends of 10.2 cents per share in FY2023. @Tiger_AU