Hello and welcome to yet another power packed show by Kalkine TV – The Hot Performers.
I am Holly, your host for the day and today we are going to discuss five stocks
listed on the ASX that investors aged 40 years and older can explore in 2021. Stocks
in focus today are Fortescue Metals, Rio Tinto, BHP, JB Hi Fi, and Harvey Norman.
When a person is in their 40s, the focus shifts more towards child education, any loan,
ageing parents, and retirement planning. Many experts would suggest that investment in stocks
play an important role for a good life after 60’s. Hence, these investors generally focus on stocks
that offer them reliable sources of income, higher dividend yield, stable business etc.
With that backdrop, here are five stocks that investors in their 40s can explore in 2021.
First one to look at is Fortescue Metals Group. Established in 2003, Fortescue Metals is known
for its culture, innovation & industry-leading development of infrastructure & mining assets.
The Company is known for its operational excellence. It has a strong balance sheet
and is focused on strategic objectives. The objectives include developing
thriving communities, optimising returns from its operations via efficient management of capital,
plus diversifying to commodities that support decarbonisation. In the Financial Year 2021,
Fortescue Metals reported a 74% increase in its revenue. The Company announced a final dividend
of 2 dollars and 11 cents per share. Further, the company has signalled its intention to be a global
leader in the battle against global warming. It also aims to achieve carbon neutrality by 2030.
So, all in all a good dividend stock for investors.
Next stock to look at is Rio Tinto. This company is into the production of copper,
gold, iron ore, coal, aluminium, borates, titanium dioxide and other minerals and metals.
The Company operates in 35 countries in mines, smelters and refineries. Other than those areas,
the Company is also engaged in sales offices, data centres, research and development labs, and with
artificial intelligence. In the first half of the Financial Year 2021, the Company delivered strong
results and declared an interim dividend too. Net earnings of the company increased by 271 per cent.
The Company has increased its expenses for exploration and evaluation during the period. It
progressed the greenfield programmes around eight commodities in 19 nations. It also progressed
evaluation projects, particularly Resolution Copper in Arizona and Winu copper-gold in Western
Australia. It is also reviewing results from the technical optimisation of
the infrastructure studies at the Simandou iron ore project in Guinea.
So, all in all, Rio Tinto looks like a good bet with great growth plans in horizon.
Moving on to the third stock in focus - BHP Group. Headquartered in Melbourne,
world-leading resources company BHP Group Limited’s products are sold worldwide.
The sales and marketing are led through its Singapore and Houston locations. It focuses on
copper for renewable energy, nickel for electric vehicles, Potash for sustainable farming, iron
ore & metallurgical coal for steel. In the Financial Year 2021, the Company delivered strong
operational results and reported an 80 per cent growth in its profit. Net debt of BHP declined
66 per cent. The total dividend of the Financial Year 2021 was around 3 dollars per share.
In line with its aim of keeping the people and communities safe, BHP reported no fatalities
across its global operations in the last two years. It noted record production and throughput
in several businesses. Further, it completed four major capital projects on time and budget.
On that note, let us take a small break here. We will be
right back with more stocks that investors in their 40s can explore
in 2021, on the other side of the break. Stay Tuned
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Welcome after the break, I am Holly, and you are watching The Hot Performers by
Kalkine TV. And today’s list of Hot Performers includes ASX Stocks with
great dividends for people aged 40 years and above.
Next up is Harvey Norman Holdings. This company is an integrated retail, franchise, and property
entity. Its principal business includes selling furniture, bedding, computer, communications,
and consumer electrical products. The company has been a consistent dividend provider since
2012. The record net profit after tax and non-controlling interests improved by 75 per cent.
Harvey Norman has a strong balance sheet with total assets up by 14.5 per cent on
the previous corresponding period. The growth in the asset was mainly driven by organic growth
from offshore store expansion plus a rise in the tangible freehold property portfolio.
And the last stock on our list today is JB Hi-Fi. It is a specialty retailer of home
consumer products. The company focuses on consumer electronics, software, whitegoods,
and appliances. It operates from more than 300 stores in Australia and New Zealand.
JB Hi-Fi has also been a consistent dividend provider since 2012. In the Financial Year 2021,
the Company noted a 12.6 per cent growth in total sales. Net profit after tax increased
by 67.4 per cent and it declared a final dividend of around 1 dollar per share. Thus, bringing the
total dividend for the Financial Year 2021 to 2 dollars 87 cents per share. In the financial
year 2022, the Company would continue to execute well and position itself well for future growth.
That is all for today’s Hot Performers. Hope you found the show informative and
would consider these dividend paying stocks if you are in your 40s. Keep watching Kalkine TV
for all such stock related insights and market action. This is Holly signing off.