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I’d buy these ASX dividend shares in March

If I were looking for income then I’d be willing to buy the ASX dividend shares I’m about to mention.

It’s hard to come by income right now with how stingy banks are being with their interest rates on the saving accounts.

These are two ASX dividend shares I’d definitely think about for my portfolio:

WAM Microcap Limited (ASX: WMI)

WAM Microcap is a listed investment company (LIC) which invests in small cap ASX shares.

There are lots of businesses outside of the ASX 200 which are investable, but not many investors like to look at shares that small. Which leaves many of the opportunities to niche investors like WAM Microcap.

Whilst a LIC like this does come with higher fees than index fund fees, the net performance and dividends can also be better too.

Just looking at the ordinary dividend, WAM Microcap is expecting to pay a dividend of 8 cents per share in FY21, which equates to a dividend yield of 6% including the franking credits.

The ASX dividend share has also been paying special dividends to reward shareholders and keep the size of the LIC at a manageable size for the small cap market.

The gross returns of the WAM Microcap portfolio have been very strong. Excluding fees, expenses and tax, the portfolio has returned an average of 23.8% per year since it started, which is a high level of performance in anyone’s book.

Brickworks Limited (ASX: BKW)

Brickworks is one of the best ASX dividend shares around in my opinion.

If you’re 43 years old or younger, there hasn’t been a dividend cut from Brickworks in your lifetime.

There are positive signs for the company’s building products businesses in Australia as the recession lifts, and as the COVID-19 vaccine is distributed in the US it should to better earnings from its American business.

It’s also looking good for Brickworks’ joint venture (JV) industrial trust as more businesses look for e-commerce and logistics assets to help their capabilities grow. Right now, Coles Group Ltd (ASX: COL) and Amazon are incoming tenants for two large warehouses that the JV is building. Once complete, the JV should increase distributions to Brickworks by at least 25%.

The huge holding of Washington H Soul Pattinson and Co Ltd (ASX: SOL) shares continues to pay more dividends (per share) to Brickworks as WHSP’s own portfolio and cashflow grows. WHSP has actually grown its dividend every year since 2000, which helps Brickworks, and it’s expecting to grow the dividend again in 2021. Growing the dividend is one of WHSP’s aims.

Including the franking credits, Brickworks has a dividend yield of 4.5%.

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

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Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

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

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.

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Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

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As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

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