This is an excellent time to buy ASX passive income stocks due to lower share prices with tariffs affecting the share market.
It’s great being able to invest right now because we are offered better dividend yields.
If there’s a good time to invest in ASX passive income stocks, I think this is a very good time – it’s rare for quality investments to suffer large falls. I really like both options below and I’d be very willing to invest in them today.
Hearts and Minds Investments Ltd (ASX: HM1)
Hearts & Minds Investments is a listed investment company (LIC) that has a range of stock picks by investment professionals who provide their expertise for free so that the LIC can donate a small portion of its asset value each year to medical research.
Some of the portfolio is decided by a core group of permanent fund managers, while another portion of the portfolio is decided each year at an investment conference, with multiple investment professionals chosen to provide their best stock pick at the time.
In terms of the valuation, the Hearts & Minds share price has fallen 17% from the recent peak on 12 February 2025. This means the last two dividends declared by the business come to a dividend yield of 7.6%, when the franking credits are included.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
I think WHSP is one of the best ASX passive income stocks during all economic conditions, but it’d be a particularly pleasing investment right now.
Its defensively-minded investment portfolio could weather whatever economic storm happens next, in the short-term or the long-term. It’s invested in areas like telecommunications, swimming schools, industrial property and agriculture that can help provide resilient profits and cashflow.
WHSP has grown its dividend each year since 2000 and I think it’s likely to continue growing its dividend for the rest of this decade.
Its dividend yield today is 4.1%, including the bonus of franking credits, after a 6% fall of the WHSP share price since 19 February 2025.
