Are you looking for options for your portfolio in October? Well, whether you're a growth, income, or value investor, one of the shares listed below could be worth considering.
Here's why I think they are top options for investors:
BWP Trust (ASX: BWP)
If you're an income investor then you might want to consider BWP. It is a commercial real estate company which leases the majority of its properties to hardware giant Bunnings Warehouse. Given the strength of the Bunnings business, particularly during the pandemic, I believe BWP is well-placed to continue growing its distribution over the coming years. In FY 2021, the company expects to pay a distribution in the region of 18.29 cents per unit. Based on the current BWP share price, this equates to a 4.5% distribution yield.
Pushpay Holdings Group Ltd (ASX: PPH)
Growth investors might want to look at this leading donor management and community engagement platform provider for the faith sector. Due to the digitisation of the church and the shift to a cashless society, Pushpay's platform is quickly becoming indispensable in the sector. I believe this puts it in an excellent position for growth over the next decade. In FY 2021, the company expects to deliver EBITDAF of between US$48 million and US$52 million. This will be a 91.2% to 107% increase, respectively, year on year.
Telstra Corporation Ltd (ASX: TLS)
I think Telstra would be a great option for value investors. Due to a heavy decline this year, the telco giant's shares are changing hands at under 19x estimated FY 2021 earnings. This strikes me as great value, especially given its improving outlook and defensive qualities. Another positive is this decline means that its shares now offer a very generous dividend yield. I still believe the company can maintain its 16 cents per share dividend in FY 2021 through its free cash flow. Based on the current Telstra share price, this equates to a 4.8% dividend yield.
