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2 ASX dividend shares to buy in May 2023 for the long-term

May 2023 looks like a good month to consider investing in ASX dividend shares. There is still a lot of uncertainty out there with how much central banks are trying to limit demand in the economy.

Higher interest rates do hurt asset prices, but I just think that means they’re better opportunities. I’m looking to buy these two ASX dividend shares for the long-term.

WCM Global Growth Ltd (ASX: WQG)

This is one of my preferred ASX dividend shares because it now has a policy to pay dividends quarterly, giving investors regular access to investment cashflow. Plus, it aims to grow its dividend for investors, so that stream of dividends is turning into a river.

The next four quarterly dividends are expected to be a dividend yield of around 8% when including the franking credits.

In terms of the investment strategy, it’s a global shares portfolio where the fund managers and analysts are looking for businesses that are increasing their competitive advantages (and growing profitability), and those businesses need to have a “corporate culture” that wants to improve those competitive advantages.

The ASX dividend share has soundly outperformed the global share market over the past five years and I think it can continue this impressive dividend performance.

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

WHSP is an investment business that owns a variety of different assets including ASX shares, a yield-focused debt portfolio, private equity and property. I love the diversification offered by the business.

I don’t know what the future looks like, but I believe the flexibility of WHSP’s investment mandate allows it to invest in whatever industry or ASX share it thinks is promising. This can help it adapt to the future.

One of the best things about WHSP is that it has grown its regular dividend for investors every since the year 2000. While the dividend yield isn’t that high – it’s more than 3% – if the payout keeps growing then it can become a larger yield in the coming years.

I think in 20 years the ASX dividend share will still be paying a good dividend.

$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 WCM Global Growth and WHSP.
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