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Highlights
- Coles Group Ltd has seen a 10.3% rise in its share price in 2024.
- Woolworths Group Ltd's share price is 9.2% away from its 52-week low.
- Both companies hold significant shares in Australia's grocery market.
Coles Group Ltd has seen a notable 10.3% rise in its share price since the start of 2024, making it one of the key ASX shares to keep an eye on. Woolworths Group Ltd shares, while slightly lower, are still about 9.2% off their 52-week low, showing their resilience in the current market environment.
Coles Group Ltd (ASX:COL)
Coles Group, established in 1914, is a major player in Australia's retail sector, offering products ranging from fresh food to financial services. Since its spinoff from Wesfarmers in 2018, Coles has operated under the ticker symbol 'COL' on the ASX. Coles holds around 28% of the Australian grocery market and has built a reputation as a reliable dividend payer. Coles' business portfolio also includes Liquorland, First Choice, flybuys, and more.
Woolworths Group Ltd (ASX:WOW)
Woolworths Group, founded in 1924, is a significant force in both Australian and New Zealand retail with over 3,000 stores. The company dominates the Australian grocery market with over 35% market share, operating under brands like Woolworths and Countdown. Woolworths’ size and distribution network provide a competitive edge, while its revenue primarily comes from consumer staples, offering a stable earnings stream.
Coles Group Ltd Share Performance
The current dividend yield for Coles is approximately 3.82%, slightly higher than its 5-year average of 3.76%. This rise reflects steady growth in dividends, aligning with its position as a dependable source of shareholder returns. However, it’s important to assess these figures in context, as they may fluctuate based on several factors.
