Dividend Shares
Transurban (ASX:TCL) share price rises despite ACCC attention
The Transurban Group (ASX:TCL) share price is up even though the ACCC has raised concerns about the toll road operator.
June 29, 2023
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 Transurban Group (ASX:TCL) share price is up even though the ACCC has raised concerns about the toll road operator.
The Ramsay Health Care Ltd (ASX:RHC) share price is up 5%, the private hospital operator announced a potential sale of its Asian unit.
Some excellent ASX shares could be worth buying in July 2023, in my opinion. I’m bullish about Temple & Webster (ASX:TPW) shares.
The Medibank Private Ltd (ASX:MPL) share price is down 3% after the private health insurer was punished by APRA after the cybercrime event.
The Collins Foods Ltd (ASX:CKF) share price has jumped 12% after releasing a good sales update for FY24, though cost pressures remain.
The Metcash Limited (ASX:MTS) share price is up 4% after announcing a solid FY23 report, with growth at the start of FY24.
The Wesfarmers Ltd (ASX:WES) share price went up in early reaction to the acquisition of Silk Laser Australia Ltd (ASX:SLA).
The Xero Limited (ASX:XRO) share price still looks like a solid buy to me because it’s achieving pleasing growth.
The Northern Star Resources Ltd (ASX:NST) share price is down over 2% after the ASX gold share revealed a A$1.5 billion investment.
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