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Broker says Coles and this ASX dividend stock are top buys


Published on 2024-12-09 18:21:08 - MSN
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  • Bell Potter has good things to say about these income options. The post Broker says Coles and this ASX dividend stock are top buys appeared first on The Motley Fool Australia.

The article from MSN discusses investment advice from a broker named Matthew Wilson from Euree Asset Management, who highlights Coles Group Ltd (ASX: COL) and another ASX-listed company as top investment picks. Coles, a major Australian supermarket chain, is praised for its defensive qualities, offering stability in economic downturns due to its essential goods business. The article notes that Coles has shown resilience with a 5.9% increase in sales over the last year, despite inflationary pressures. Additionally, Coles is seen as a good dividend stock with a yield of 4.8%, appealing to investors looking for income. The other recommended stock is not detailed in the summary provided, but the focus is on the potential for both stocks to provide steady returns and dividends, making them attractive in the current economic climate.

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[ https://www.msn.com/en-au/lifestyle/other/broker-says-coles-and-this-asx-dividend-stock-are-top-buys/ar-AA1vytkg ]