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2 ASX dividend shares I’d buy right now

ASX dividend shares are in hot demand right now with interest rates being so low.

It’s tough to make any money from a bank account, so I think businesses that pay dividends are the way to go.

But which ones? COVID-19 caused a lot of businesses to cut their dividends. But a few kept increasing during 2020, like these two:

Brickworks Limited (ASX: BKW)

Brickworks may be one of the most reliable ASX dividend shares around.

This business hasn’t cut its dividend in over 40 years, so that’s a solid record.

Whilst the construction business is quality, it’s the other assets that attract me the most.

One key asset is Brickworks’ 50% stake of an industrial property trust that it owns along with Goodman Group (ASX: GMG) as a joint venture.

Brickworks receives growing rental profit from this property trust thanks to organic rental growth and the completion of more property projects.

Two big projects that are currently being constructed are high-tech warehouses for Amazon and Coles Group Ltd (ASX: COL). Once they’re completed it’s expected to grow the gross assets from $2.1 billion to $3 billion, as well as growing the rental profit distributions by 25% to Brickworks.

The other key asset is its approximate 40% holding of Washington H Soul Pattinson and Co Ltd (ASX: SOL) which has a diversified portfolio of assets which is steadily growing dividends to shareholders like Brickworks.

Brickworks has a fully franked dividend yield of 3.1% at the current share price.

WAM Microcap Limited (ASX: WMI)

WAM Microcap is a listed investment company that hunts for opportunities with market capitalisations under $300 million.

The LIC has a strong investment track record. Since inception in June 2017, the portfolio has produced a gross return of 23.8% per annum. That’s before expenses, fees and taxes.

Small cap ASX fund managers can add a lot of value compared to the index because there can be hidden gems in this area of the market with higher growth potential and lower valuations.

WAM Microcap has been paying steadily rising ordinary dividends as well as regular special dividends thanks to the strong investment performance.

The LIC has a fully franked ordinary dividend yield of 4.1% at the current share price.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report — or get it emailed to you — for FREE by CLICKING HERE NOW or the button below.

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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.

At the time of publishing, Jaz owns shares of WAM Microcap and WHSP.
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