Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

2 ASX dividend shares I’d buy for 2023 and beyond

It's almost 2023, it's a good time to go hunting for ASX dividend shares that could pay juicy dividend yields.

It’s almost 2023, it’s a good time to go hunting for ASX dividend shares that could pay juicy dividend yields.

Plenty of ASX shares are nursing declines after a difficult year that has been dominated by inflation and higher interest rates.

With the lower share prices comes more attractive dividend yields, which is a bonus for people that want higher levels of income.

While there could be more volatile times ahead, I believe it’s worthwhile hunting ASX dividend shares right now.

WCM Global Growth Ltd (ASX: WQG)

This is a listed investment company (LIC) that is operated by WCM, a fund manager that operates out of California in the US.

It focuses on high quality businesses that are listed around the world. A key investment focus for the team is finding businesses that have strengthening economic moats, which can also be described as improving competitive advantages. It’s the ‘direction’ of the state of the moat that matters most to WCM, which is why the team also try to invest in businesses that have management that cultivate a culture towards strengthening those competitive advantages.

This investment approach led to an outperformance of the portfolio compared to its global share market benchmark by an average of 2.3% per year over five years to November 2022.

The ASX dividend share has a “progressive dividend policy”. The interim dividend for FY23 is expected to be 3.25 cents per share. An annualised dividend of 6.5 cents per share represents a dividend yield of 5.6% excluding the franking credits.

Brickworks Limited (ASX: BKW)

Brickworks has a number of interesting segments. It is growing its brick businesses – the company is the biggest brickmaker in Australia and parts of the US. Brickworks also just announced that it is going to start supplying millions of bricks to the UK market as well.

But, what I find most interesting about the ASX dividend share is that it owns a significant amount of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares as well as half of two property trusts. The growing cashflow of the WHSP dividends and the improving rental profit can drive the Brickworks dividend higher.

Thanks to WHSP’s consistency, Brickworks hasn’t reduced its dividend by over 40 years.

Using the FY22 annual dividend per share of $0.63 per share (which was up 3%), this was a dividend yield of 2.8%, excluding the franking credits.

$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 Brickworks, WHSP and WCM Global Growth.
Skip to content