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Owning BHP Group Ltd ( ASX: BHP ) shares is popular for passive income, but it's not the only ASX dividend stock that can provide a sizeable dividend yield. The ASX mining share generates strong cash flow and usually decides on a generous dividend payout ratio, but we don't want to put all of our investment eggs in one basket. It is worthwhile to own a variety of businesses that can offer strong dividends. We believe that BHP's commodity diversification, including iron ore, copper, and potash, is a strong foundation, but the two stocks below could be useful additions. Image Credit: Pexels Coles Group Ltd (ASX: COL) Coles Group Ltd (ASX: COL) is one of the largest supermarket businesses in Australia. The company's defensive earnings profile makes it a reliable choice for income diversification. Everyone needs to eat, and Coles' ability to produce steady earnings could provide a more consistent dividend profile compared to BHP shares. Investing for passive income req...

BHP Group Ltd ( ASX: BHP ) shares have just found a new bull. According to Goldman Sachs, investors should be snapping up the Big Australian's shares before it's too late. Image Credit: Pexels Who Is Bullish on BHP Shares? The broker in question is none other than Goldman Sachs. According to a note from the investment bank, its analysts have reinstated coverage on the mining giant with a buy rating and a $49.00 price target. Given the current BHP share price of $44.05, this implies a potential upside of 11.2% for investors over the next 12 months. But that’s not the end of the returns. Goldman Sachs is also forecasting fully franked dividend yields of 4.9% in FY 2024 and 4.3% in FY 2025. This stretches the total potential 12-month return from BHP shares to around 16%. Why Should You Invest in BHP? Goldman Sachs has identified several compelling reasons why it believes investors should be considering the ASX mining shares today. Attractive Valuation One of the key points highl...

Shares of BHP Group Ltd (ASX: BHP) have made a significant recovery after opening lower today. The ASX mining giant , a key component of the S&P/ASX 200 Index (ASX: XJO), saw its stock close flat yesterday at $45.08. This morning, BHP shares are trading at $45.13, reflecting a modest 0.1% rise. In contrast, the ASX 200 is down by 0.8% during the same period, partly due to a 1.2% decline in iron ore prices, which fell to US$117.90 per tonne amidst renewed concerns over Chinese demand. BHP's $74 Billion Bid for Anglo American The focal point for investors today is the impending 5 pm London time deadline for BHP’s $74 billion takeover bid for Anglo American (LSE: AAL). BHP ( ASX: BHP ) plans to divest Anglo’s South African iron ore and platinum businesses, which complicates matters for Anglo's board and shareholders. Despite these challenges, Anglo American is restructuring, including divesting its Australian coal mines. BHP's interest, initially expressed on April 26, f...

The BHP Group Ltd ( ASX: BHP ) share price has taken a noticeable hit following the company's third attempt to acquire Anglo American. Closing at $46.24 yesterday, BHP shares have dropped to $44.96 in morning trade on Thursday, marking a 2.8% decrease. Meanwhile, the broader S&P/ASX 200 Index (ASX: XJO) has also seen a decline, albeit a smaller one of 0.9%. Image Credit: Pexels BHP's Persistent Pursuit of Anglo American The drop in BHP's share price comes amidst its ongoing multi-billion dollar takeover bids for Anglo American. BHP has made three offers so far, all of which have been swiftly rejected by Anglo's board. The latest offer, valued at approximately $74 billion, is no exception. BHP's interest primarily lies in Anglo's copper assets. If successful, this acquisition would position BHP as the world's leading copper producer. BHP has also signaled plans to divest some of Anglo's other assets, including its South African platinum and iron ore ...

When considering investments in the mining sector, two prominent names immediately come to mind: BHP Group Ltd ( ASX: BHP ) and Rio Tinto Ltd (ASX: RIO). But are these mining giants currently in the prime zone for investment? Image Credit: Pexels Analyst Insights Delving into the insights provided by analysts at Goldman Sachs, it appears that both BHP and Rio Tinto, along with ASX mining stocks , emerge as strong contenders for investors, particularly ahead of their upcoming quarterly updates. While Goldman Sachs leans slightly towards Rio Tinto, it still perceives BHP shares as presenting an attractive risk/reward proposition, making all three companies compelling options for consideration in the current market landscape. BHP Group Ltd. Goldman Sachs maintains a buy rating on BHP shares, albeit with a marginally reduced price target of $49.20. This implies a potential upside of nearly 10% from current levels. Additionally, the broker forecasts fully franked dividend yields of 4.8% in...

Investing in the right stocks is akin to navigating a dynamic sea, and for those looking to chart new additions to their portfolio in March, the ASX 200 stocks recommended by Bell Potter might just be the North Star to guide you. Let's delve into why these shares have earned the coveted title of "preferred" picks and what the broker is saying about them. Image Credit: Pexels Coles Group Ltd (ASX: COL): A Supermarket Powerhouse Adding a fresh flavor to Bell Potter's preferred stock panels is none other than the supermarket giant, Coles Group Ltd ( ASX: COL ) . The broker's enthusiasm stems from Coles' robust first-half profit, surpassing expectations and unveiling promising prospects for enhanced profitability. Bell Potter emphasizes the manifold levers at Coles' disposal for profit improvement, including private label positioning, technology-driven reductions in theft rates, the growth of Coles 360 media income, and productivity enhancements through inves...