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2 ASX dividend shares to buy in May 2022

I am a big fan of finding ASX dividend shares that can provide good dividend income and achieve long-term capital growth. May 2022 could be an opportune time to buy shares of some of the leading candidates.

In my opinion, these are two of the best long-term options for dividend reliability and growth:

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

This is one of my favourite ASX dividend shares. It’s an investment business that is invested in a number of ASX shares and private businesses.

Some of its most significant holdings include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), New Hope Corporation Limited (ASX: NHC), Pengana Capital Group Ltd (ASX: PCG), Tuas Ltd (ASX: TUA) and Macquarie Group Ltd (ASX: MQG).

The ASX dividend share’s portfolio generates annual cashflow for the business. With a lot of that, it pays a growing dividend. The annual dividend has been increased every year since 2000. With the cashflow not paid out as a dividend, it can re-invest into more opportunities.

At the last WHSP share price, it has a trailing dividend yield of 3.4%, including the franking credits.

WAM Microcap Limited (ASX: WMI)

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

I think that small businesses have the potential of delivering good returns, if chosen wisely. Smaller businesses generally have more growth potential and are less well-known to investors, so they could be valued at cheaper earnings multiples.

While past performance is not a reliable indicator of future results, I think that the WAM Microcap investment team has demonstrated good investing skills through economic cycles since it was listed a few years ago. It has been steadily growing its ordinary dividend while also paying increasing special dividends as well (though special dividends are less likely to continue than the normal dividend).

At certain points, during market crashes, I think it can be very fruitful investing to consider a small cap fund like WAM Microcap.

Assuming no special dividends in this financial year, the WAM Microcap dividend yield, including franking credits, is 7.7%.

$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 WHSP and WAM Microcap.
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