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2 rewarding ASX dividend shares I’d buy for income in June 2023

I’m always on the lookout for good value ASX dividend shares that can provide good income.

There have been plenty of ASX income shares that have declined heavily over the last year or so. Lower prices should mean a higher yield for investors.

These are two that have really caught my eye:

WCM Global Growth Ltd (ASX: WQG)

This is a listed investment company (LIC) that invests in global shares. That portfolio is focused on “quality global companies, primarily in the high growth consumer, technology and healthcare sectors.”

The fund manager, WCM, has a belief that ‘corporate culture’ is the biggest influence on a company’s ability to grow its competitive advantage or ‘moat’.

Over the past five years, the portfolio’s net returns beat the global share market return by an average of 1.8% per year.

The ASX dividend share is paying investors with a steadily-growing quarterly dividend. It’s expecting that the dividends declared for the 2023 calendar year will by 6.7 cents per share, which translates into a total dividend yield of 7.9% including the franking credits.

It’s trading at a 16% discount to its latest weekly net tangible asset (NTA) value as at 26 May 2023.

Rural Funds Group (ASX: RFF)

Rural Funds owns a farmland portfolio and leases to high-quality tenants across almonds, macadamias, vineyards, cattle and cropping.

The Rural Funds share price has sunk 40% over the last year. Yes, debt is now a lot more expensive and may hurt asset values, but I think the decline has been overdone considering a lot of Rural Funds’ debt is hedged for the next few years and it’s benefiting from higher rental growth due to an inflation boost.

If we assume that Rural Funds is going to pay a distribution per unit of 12.2 cents in FY24, that would be a distribution yield of 6.8%. If it grows the distribution to 12.69 cents per unit, it’d be a distribution yield of just over 7%. That’d be an exciting yield from a fairly defensive ASX dividend share.

$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 Rural Funds Group.
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