ASX Share Ideas
2 ASX blue chip shares I’d buy for dividend income
I love good ASX blue chip shares because of their market strength and their ability to make resilient profits.
April 15, 2024
Big money is not in the buying or selling, but in the waiting.
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.
I love good ASX blue chip shares because of their market strength and their ability to make resilient profits.
The Origin Energy Ltd (ASX:ORG) share price is up 0.6% after announcing it is buying a major wind development in NSW.
The Cettire Ltd (ASX: CTT) share price is under the spotlight after the company reported its update for the three months to 31 March 2024.
The Netwealth Group Ltd (ASX:NWL) share price has dropped 3% after it released its March 2024 quarterly update.
Nextdc Ltd (ASX:NXT) shares have gone into a trading halt as the data centre owner and developer looks to raise $1.3 billion.
The Electro Optic Systems Holdings Ltd (ASX:EOS) share price is up more than 2% after the company revealed another major debt repayment.
National Australia Bank Ltd (ASX:NAB) shares are in focus today after the bank announced leadership changes.
The Ansell Ltd (ASX: ANN) share price has risen 7% after returning to trade after its takeover announcement.
The Elders Ltd (ASX:ELD) share price has plunged 24% today after revealing a disappointing trading update for FY24.
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