Coles Group Ltd and BHP Group Ltd Are Two ASX Shares to Watch

2 min read | July 20, 2024 01:03 PM AEST | By Team Kalkine Media

Coles Group Ltd and BHP Group Ltd Are Two ASX Shares to Watch — Image source: Shutterstock

Coles Group Ltd (ASX: COL)

Coles, founded in 1914 and headquartered in Victoria, Australia, is a major retailer offering a wide range of products, including fresh food, groceries, general merchandise, liquor, fuel, and financial services. Originally part of the Wesfarmers conglomerate from 2007 to 2018, Coles was spun off and listed independently on the ASX under the ticker 'COL'.

Coles' core business revolves around its supermarkets, but it also operates several related businesses such as flybuys, Liquorland, First Choice, Vintage Cellars, and Coles Express. Despite being smaller than Woolworths, which holds a market share of nearly 40%, Coles maintains a significant presence with about 28% of the market share.

BHP Group Ltd (ASX: BHP)

BHP Group, established in 1885 and formerly known as BHP Billiton, is a diversified natural resources company engaged in mineral exploration and production. The company’s primary focus areas include Copper and related minerals (such as gold, uranium, and zinc), Iron Ore, and Coal (both metallurgical and energy).

BHP is recognized for its reliable dividend payments and is a common component in many ASX share portfolios, including popular ETFs, LICs, and industry super funds.

To gauge the current value of Coles Group shares, one approach is to examine the dividend yield over time. Presently, Coles shares offer a dividend yield of approximately 3.75%, which is slightly below its 5-year average of 3.82%. This suggests that Coles shares are trading at a lower dividend yield compared to their historical average.

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