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2 ASX dividend shares I’d buy for September and the long-term

I’d rate a number of ASX dividend shares as great opportunities right now because of the value and yields on offer.

I love dividend stocks because they can deliver a good combination of investment income as well as capital growth, if we buy them at the right price.

Lower share prices make me believe it’s a good time to consider investing in these ASX dividend shares.

Hearts and Minds Investments Ltd (ASX: HM1)

Hearts and Minds Investments Ltd (ASX: HM1) is a listed investment company (LIC). It has two main goals – to generate investment returns for shareholders and to donate to medical and mental health organisations.

Hearts and Minds Investments share price

All of the fund managers involved provide their stock picks to Hearts and Minds for free. Some of the portfolio is decided by a permanent group of fund managers, while the rest is decided annually when stock picks are made by some (other) fund managers that choose a stock they think can do well over the next year/long-term.

Some of the managers involved include Munro, TDM, Tribeca, Caledonia and Cooper. Current conference fund managers include Auscap, WaveStone, Firetrail and Samuel Terry.

The portfolio can end up with a diverse group of holdings such as Formula One Group, Mastercard, Microsoft, ASML and Nike.

Its latest annual dividend was 13.5 cents per share, which translates into a total dividend yield of 8% when including the franking credits. The ASX dividend share is currently at a 19% discount to its underlying value, the pre-tax net tangible assets (NTA) per share.

WCM Global Growth Ltd (ASX: WQG)

This is another LIC, which is managed by a single funds management business – WCM Global Growth Ltd (ASX: WQG), which operates out of California.

WCM Global share price

Its aim is to invest in global shares which have growing competitive cultures/economic moats and the investment team want to see a corporate culture at those businesses that cultivates a growing economic moat.

In the five years to July 2023, the ASX dividend share’s portfolio’s net returns were an average of 1.6% per year better than the global share market.

Looking at the dividend, it’s aiming to increase the dividend every quarter. The next four dividend payments per share are expected to be 1.68 cents per share, 1.72 cents per share, 1.74 cents per share and 1.76 cents per share.

That implies the next year of dividends will amount to a total dividend yield of 8%, including the franking credits. It’s currently at an 18% discount to its pre-tax NTA.

Both of these LICs have attractive return potential, are trading at big NTA discounts and currently have large dividend yields.

$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 for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

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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 Hearts and Minds.
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