Best blue chip shares asx

By: Ksukor Date: 27.06.2017

Owen Raszkiewicz May 23, More on: WOW shares, National Australia Bank Ltd.

NAB shares and Telstra Corporation Ltd ASX: TLS shares are household names and investment portfolio stalwarts. Shares of the Fresh Food People fell from grace in as Coles, owned by Wesfarmers Ltd ASX: WES , and Aldi continued to steal its foot traffic by turning up the heat on priceā€¦.

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Please read our Financial Services Guide FSG for more information. WES , and Aldi continued to steal its foot traffic by turning up the heat on price and service.

National Australia Bank was slapped with the Big Bank levy earlier this month, along with its peers. This comes at a time when NAB is posting bigger profits but staring down the barrel of slower house price growth and economic activity.

best blue chip shares asx

NAB is a leader in business banking in Australia and New Zealand, which is why some investors prefer it over its rivals, which are more exposed to residential property and investor lending. National Australia Bank shares are forecast to pay dividends of 6. In the past, they would pay Telstra for access to its copper cable network.

Fully franked dividends are a great way to boost after-tax income, especially if the shares are owned for more than 45 days.

best blue chip shares asx

However, for long-term investors holding shares for at least three to five years, the benefit of franking credits should not be underestimated. Motley Fool's 1 Dividend Pick for Now we're pulling back the curtain for you And all you have to do to discover the name, code and a full analysis is click the link below! Simply click here to receive your copy of our brand-new FREE report, "The Motley Fool's Top Dividend Stock for Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned.

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Owen welcomes and encourages your feedback. You can follow him on Twitter OwenRask. The Motley Fool Australia's parent company Motley Fool Holdings Inc. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

best blue chip shares asx

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