3 ASX Dividend Shares To Consider Buying Today


If you’re looking for ASX dividend shares then the three I mention in this article could be what you’re after.

Why Are Dividends Good?

Dividends are a focus by some investors because it means they get to benefit from the company’s profits, but shareholders don’t have to sell their shares to make money. Dividends are usually more reliable than the share price as well.

But some dividend shares are trading very expensively at the moment because of lower interest rates.

3 ASX Dividend Shares To Think About

Milton Corporation Limited (ASX: MLT)

Milton is a listed investment company (LIC) that just reported its FY19 result. It has been operating for many decades, paying a solid and reliable dividend for a long time. Its job is to invest in other businesses for shareholders.

Milton’s full year dividends amounted to 21.9 cents per share, which was up 15.3%. This included a 2.5 cents per share special dividend. Therefore, the ordinary dividend increased by 2.1% to 19.4 cents.

That means that Milton’s ordinary FY19 fully franked dividend yield is 4%.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

WHSP is an investment house that has been going for over a hundred years. It has paid a dividend every year in its history including through the great depression, wars and the GFC.

Some of its large investment holdings include Brickworks Limited (ASX: BKW), TPG Telecom Ltd (ASX: TPM) and New Hope Corporation Limited (ASX: NHC).

It has a fully franked dividend yield of 2.55%.

ARB Corporation Limited (ASX: ARB)

ARB designs and manufactures automotive accessories for 4-wheel drives and light commercial vehicles which are sold across Australia and around the world.

ARB has steadily grown its dividend over the past 10 years with the company steadily growing sales revenue and profit after tax in that time.

It has a fully franked dividend yield of 2%.

Summary

All three of these businesses have solid dividends which have been growing over the years.

I would definitely choose WHSP of the three because of its dividend streak and focus on cashflow.

In a portfolio you could mix dividend shares like WHSP with growth shares like the ones in the free report below.

Disclosure: Jaz owns shares of Washington H. Soul Pattinson and Co. Ltd at the time of writing, but this could change at any time. 

3 stocks to own in July 2020...

Amidst the COVID-19 confusion, there are some companies still growing FAST (think: online meetings through Zoom, streaming companies like Netflix and eHealth services provided by Teledoc).

While the world grapples with COVID-19, some companies are still growing rapidly. The entire cloud computing market is valued around $US210 billion but if you ask me, it seems clear as day that this market is only going to get bigger in 2020 and beyond.

That's why our top investment analyst has just identified 3 growth stocks in a net cash position, with strong competitive forces... and obvious tailwinds at their back. He owns all three of them right now!

Claim a FREE investing report on our analyst's "3 best share ideas for the cloud revolution" when you create a free Rask Australia account.

Our report is 100% free and unlocks hundreds of hours of bonus content.

Simply click here to access the report.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.