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5 ASX dividend shares for every income portfolio in 2021

It’s getting tricky to find income these days. But there are some wonderful ASX dividend shares that can be options for income.

I’m only interested in investments that can keep growing their dividends. Whilst I do like Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and WAM Microcap Limited (ASX: WMI), they are trading at a fairly high levels compared to their net asset values.

I think these five are great options:

Brickworks Limited (ASX: BKW)

Brickworks is one of best ASX dividend shares because of the fact it hasn’t cut its dividend in over 40 years.

It has a quality construction division in both Australia and the US. I believe it will be able to continue to generate cashflow here for beyond the foreseeable future.

I’m particularly excited about the potential of its property trust which is building quality industrial properties and there’s still plenty of available land. This was covered in the HY21 result.

It has a large holding of WHSP shares which keeps paying bigger dividends.

Brickworks has a fully franked dividend yield of 2.9%.

MFF Capital Investments Ltd (ASX: MFF)

MFF is one of the best listed investment companies (LICs) in my opinion. It’s run by Chris Mackay and he’s focused on quality global businesses that are trading at attractive value.

It’s got some high quality holdings like Visa, Mastercard and Amazon.

In terms of global LICs, it has one of the cheapest management fees.

The solid returns have allowed the ASX dividend share to grow its dividend strongly in recent years and it’s expecting to increase its dividend to 10 cents per share in the short to medium term.

That future dividend would translate to a fully franked dividend yield of 3.7%.

Future Generation Investment Company Ltd (ASX: FGX)

Future Generation is another attractive LIC in my eyes. It’s got a lot of underlying diversification because it’s invested in a number of funds of fund managers. Each fund would offer its own level of diversification.

Those fund managers work pro bono (meaning for free). That keeps the costs low and enables the LIC to donate 1% of its net assets each year. A great initiative.

Since its inception, the Future Generation portfolio has outperformed the ASX benchmark, with lower volatility.

It has been steadily growing its dividend and currently had a fully franked dividend yield of 4.1%.

APA Group (ASX: APA)

APA is the owner of a huge network of gas pipelines around Australia. It transports a significant amount of natural gas that is used by Aussies and also for business uses.

It funds its distribution from the operating cashflow that it makes from its assets.

I think gas still has a long-term future. But, the pipelines could have a future use to transport other resources in a greener future, such as (apparently) hydrogen. I’m not an expert on hydrogen or pipelines though.

APA has grown its distribution every year for more than a decade.

It currently has a distribution yield of around 5.1% Ltd (ASX: KGN)

Kogan isn’t typically seen as an ASX dividend share. It’s one of the ASX growth shares in the e-commerce sector.

But it has actually been growing the dividend for a number of years. Just using the current rolling 12 months of dividends, it has a fully franked dividend yield of 2.2%.

But, if can keep growing its market share, margins and profit then the dividend will probably keep growing as well.

In FY22, Kogan could have a fully franked dividend yield of 3.1% according to CommSec estimates.

There are quite a few other ASX dividend shares that could be worth keeping an eye on.

$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.

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At the time of publishing, Jaz owns shares of WHSP, WAM Microcap, Future Generation and MFF Capital, .
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