Resources shares
Deterra Royalties (ASX:DRR) share price falls on lithium and dividend payout pivot
The Deterra Royalties Ltd (ASX:DRR) share price is down 7% after expanding to lithium and cutting its dividend payout.
June 14, 2024
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Deterra Royalties Ltd (ASX:DRR) share price is down 7% after expanding to lithium and cutting its dividend payout.
The Telix Pharmaceuticals Ltd (ASX: TLX) share price is down after shelving its plans to list in the United States.
The Qantas Airways Limited (ASX:QAN) share price is down 0.4% after the ASX travel share announced the acquisition of TripADeal.
The Sigma Healthcare Ltd (ASX:SIG) share price is down 7% as the market digests the ACCC’s concerns about the Chemist Warehouse merger.
The BHP Group Ltd (ASX:BHP) share price is down around 1% as the company faces an equal pay action from a union.
ASX shares that can provide a combination of dividends and capital growth could be exactly what investors need in 2024.
The AGL Energy Ltd (ASX:AGL) share price is down 2% after the business announced a partnership with Kaluza.
The Bapcor Ltd (ASX: BAP) share price is rising after the auto parts company received a takeover proposal.
The GQG Partners Inc (ASX:GQG) share price rose another 2% after reporting a strong monthly update for May 2024.
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