Australia Markets closed

4 good value ASX dividend shares for 2020

Kenneth Hall
ASX dividend shares

With the S&P/ASX 200 Index (INDEXASX: XJO) reaching new record highs this year, it’s been hard to find good value ASX dividend shares lately.

So if you’re looking to bolster your ASX portfolio before next year, check out these high-yield options below!

Harvey Norman Holdings Ltd (ASX: HVN)

The Harvey Norman share price has been rocketing higher this year and could head higher in 2020.

Despite a slowdown in the retail sector, the Harvey Norman share price has climbed 35% higher in 2019.

I still think its a good value ASX dividend share, particularly given the 7.80% net dividend yield at the moment.

AGL Energy Ltd (ASX: AGL)

The Aussie energy group hasn’t had a great year in 2019 and shareholders will be hoping for a rebound next year.

With the Coalition returned to power this year, next year could be a big one for policy reform. I’d expect energy policy to be up near the top of the Federal Government’s list for 2020.

I think AGL is a good value ASX dividend share given its 5.68% dividend yield at a price-to-earnings (P/E) ratio of just 15 times.

BHP Group Ltd (ASX: BHP)

The BHP share price has underperformed the ASX 200 this year despite climbing 17.70% higher.

The Aussie resources miner remains well and truly an ASX blue-chip company. I think BHP’s underperformance this year could make it a good value ASX dividend share right now.

BHP is yielding 4.84% per annum at a P/E ratio of 16.5 times. If you’re willing to roll the dice on the resources sector in 2020, the BHP share price could be in the buy zone.

Boral Ltd (ASX: BLD)

Boral shares are currently yielding 5.81% and I think could be a good value ASX dividend share for 2020.

The building supplies group has been quietly climbing higher and boasts a market cap of $5.35 billion right now.

While there are question marks around the Aussie construction sector, I think Boral could be a robust option in 2020.

The post 4 good value ASX dividend shares for 2020 appeared first on Motley Fool Australia.

If none of these fit your current portfolio, check out these 5 ASX shares that could be bargain buys in 2020.

NEW. Five Cheap and Good Stocks to Buy in 2019….

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield...

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.


More reading

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. 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. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019