Tech & Science 3 ASX shares to buy for income during the coronavirus pandemic

01:36  08 april  2020
01:36  08 april  2020 Source:   fool.com

Social distancing does not mean 'we have to be emotionally distant': Gillard

  Social distancing does not mean 'we have to be emotionally distant': Gillard Beyond Blue Chairperson Julia Gillard says Australians should be aware of the effects of social distancing and isolation on people as normal lifestyles are being disrupted due to the coronavirus pandemic. Mental health, domestic violence and Medicare services are set to receive a $1.1 billion boost to help people cope with the economic and social impacts of the virus outbreak. Ms Gillard told Sky News Beyond Blue had already seen an increase in the number of people seeking their support resources.

If you want to beat the coronavirus share market declines then I think these 3 ASX growth shares could be good choices. The post 3 ASX growth There aren’t many businesses that are continuing with their growth trajectory during this period. Pushpay, a business that enables electronic donations

The WHO has now declared that the coronavirus is a pandemic , what does this mean for ASX shares ? Some of the hardest hit during this outbreak are Webjet Limited ( ASX : WEB), Sydney Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

a man wearing a suit and tie: asx dividend shares © Provided by The Motley Fool asx dividend shares

Due to many companies conserving cash in order to strengthen their balance sheets during the coronavirus pandemic, there are fewer shares than normal paying dividends.

Whilst I expect things will return to normal in FY 2021, in the meantime income investors will have to choose their shares wisely if they want dividends this year.

Three top shares which I expect to continue to pay dividends through the crisis are listed below. Here’s why I would buy them:

Commonwealth Bank of Australia (ASX: CBA)

Whilst it is inevitable that Commonwealth Bank and the rest of the big four banks will have to cut their dividends in the coming months, I wouldn’t let this put you off investing. This is because a sharp decline in the banking giant’s shares over the last couple of months means that they will still provide a very generous yield even after factoring in a probable cut. I estimate that Commonwealth Bank will pay a dividend of $3.80 per share in FY 2021, down from $4.31 per share. Based on this estimate, the bank’s shares offer a forward fully franked 6.1% dividend yield.

Coronavirus pandemic calls 40,000 health professionals back to work

  Coronavirus pandemic calls 40,000 health professionals back to work More than 40,000 health workers across Australia are being called back to work to help tackle the COVID-19 pandemic.  The register will run over a year, allowing registered doctors, nurses, midwives and pharmacists to return to work from April 6. To be eligible, practitioners must have held registration or moved to a non-registered practice in the past three years. The Australian Health Practitioner Agency will alert those who are eligible.

Here's why investors are seeking safety in ASX 200 shares like Woolworths Group Ltd ( ASX :WOW) during the coronavirus pandemic . In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income -hungry investors to buy now.

The COVID-19 pandemic has taken the U.S. economy from near-record-low unemployment to mass layoffs and firings. It’s too soon to predict a rebound “It’s one of those companies that gets expensive when everyone is enthusiastic about it. Every so often the market gives you and opportunity to buy it

Dicker Data Ltd (ASX: DDR)

Dicker Data is a wholesale distributor of computer hardware and software products throughout Australia. The company’s vendors include many of the biggest names in the industry such as Hewlett-Packard, Cisco, and Microsoft. With these, it services over 5,000 resellers who in turn service multiple clients ranging from SMEs to large corporations. It has been a very strong performer over the last 12 months and appears well-positioned to continue this form despite the coronavirus pandemic. After adjusting for its special dividend, I estimate that its shares offer a fully franked 4.6% dividend yield.

Wesfarmers Ltd (ASX: WES)

I think Wesfarmers would be a top dividend share to own. This is due to the quality and diversity of its portfolio and its positive long term growth prospects. Another positive is that its Bunnings business is thriving during the coronavirus pandemic and looks set to underpin a solid second half result from the conglomerate. In addition to this, following the selldown of its stake in Coles Group Ltd (ASX: COL), the company is cashed up and could bolster its portfolio with earnings accretive deals. Its shares currently offer an estimated forward fully franked 4% dividend yield.

When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

ASX slips as market struggles to 'find confidence' amid coronavirus .
The Australian share market falls on its first day back from Easter as investors brace for a painful US earnings season amid a rising number of COVID-19 infections.The ASX 200 index had fallen by 0.4 per cent to 5,365 points by 10:25am AEST.

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