Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

2 top ASX dividend shares I’d buy in December 2023

ASX dividend shares can always be a good investment because of the cash they send to shareholders every year.

I’d like to see a good ASX dividend share increase the payout annually to shareholders, though that’s not always possible. I also want to see a good yield, because I can get a good rate from savings accounts these days. I’d go for the below two ideas.

WCM Global Growth Ltd (ASX: WQG)

This is a listed investment company (LIC) which is run by the fund manager WCM from California.

The investment team try to target global companies that have growing competitive advantages and an improving return on equity (ROE).

High interest rates caused some pain to the valuations of high-quality global shares, but from this lower valuation point I think the portfolio can return to outperformance.

The board of WCM Global Growth is currently increasing the dividend every single quarter. The next four dividends to be declared could amount to a dividend yield of 8% when including the franking credits.

The ASX dividend share’s share price is trading at a 17% discount to the latest weekly NTA before tax – the underlying value of the portfolio.

WAM Microcap Limited (ASX: WMI)

This is another LIC – I think the LIC space is an attractive space to be looking at for dividends at the moment.

The small cap end of the market has been treated more harshly than the larger end in my opinion, so I think it could see a stronger recovery when economic conditions improve.

The WAM Microcap share price has fallen over 30% from October 2021, and the dividend has continued increasing.

It has increased its annual ordinary dividend each year since it started paying a dividend in 2018. Using the annual dividend per share of $0.105 in FY23, it currently has a dividend yield of 10.7% including the franking credits, which is a huge yield.

We can’t expect large capital growth when it’s paying such large dividends, but I think the next five years of returns could be solid for the 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 for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

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 WAM Microcap.
Skip to content