
I’d buy these 2 ASX dividend shares for income in July 2023
Some great ASX dividend shares are available for Aussies to generate investment income from, including LICs and ETFs.
Big money is not in the buying or selling, but in the waiting.
Charlie Munger
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.

Some great ASX dividend shares are available for Aussies to generate investment income from, including LICs and ETFs.

I reckon that ETFs are one of the easiest and best ways to build financial strength. This is about two ETFs I’d buy in July.

The Telstra Group Ltd (ASX: TLS) share price looks like an effective long-term ASX 200 (ASX: XJO) investment because

We’re about to tick over into the next financial year. It’s a great time to buy ASX growth shares like Volpara (ASX:VHT).

The Transurban Group (ASX:TCL) share price is up even though the ACCC has raised concerns about the toll road operator.

The Ramsay Health Care Ltd (ASX:RHC) share price is up 5%, the private hospital operator announced a potential sale of its Asian unit.

Some excellent ASX shares could be worth buying in July 2023, in my opinion. I’m bullish about Temple & Webster (ASX:TPW) shares.

The Medibank Private Ltd (ASX:MPL) share price is down 3% after the private health insurer was punished by APRA after the cybercrime event.

The Collins Foods Ltd (ASX:CKF) share price has jumped 12% after releasing a good sales update for FY24, though cost pressures remain.
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