Looking for ASX dividend shares that can pay good passive income? I’d buy shares of these two businesses which are paying attractive dividends.
APA Group (ASX: APA)
APA is a high-yield business that has seen its share price drop more than 15% over the past year and 33% over two years.
It owns an impressive portfolio of energy assets, including a national gas pipeline, a gas power station, gas processing and storage assets, solar and wind farms, and electricity transmission assets.
How much the market is willing to pay for those assets has fallen significantly as I mentioned, which has boosted the yield for potential investors.
In the 2025 financial year, APA is predicted to pay a distribution of $0.57, which would translate into a yield of 7.8%. That’s impressive, bearing in mind the distribution has been increased every year by the ASX dividend share for approximately two decades.
It’s experiencing income growth due to the inflation-linked nature of most of its revenue contracts. It’s also steadily adding new assets to its portfolio to help grow earnings and the distribution further.
WCM Global Growth Ltd (ASX: WQG)
This is one of the leading listed investment companies (LICs) for dividends, in my opinion.
LICs invest in other shares on behalf of shareholders and can then turn some of the investment returns into dividends.
WCM Global Growth invests in the global share market to find opportunities, which I think is great for investors who want or need diversification.
Some of the biggest holdings in the portfolio are currently Applovin, Amazon.com, Taiwan Semiconductor, General Electric and 3i Group.
We can’t expect WCM Global Growth to perform strongly every year, but its long-term returns currently show over the last five years its portfolio has returned an average of 14.8% per year to October 2024, beating the global share market by approximately 2% per year in that time.
That investment record has allowed the ASX dividend share to grow its annual dividend every year since 2019. It pays its dividend quarterly, which is useful regularity.
The next four quarterly dividends are expected to come to a 6.4% dividend yield when including the attached franking credits.
It’s currently trading at a 15.5% discount to the underlying value, pre-tax, of $2 per share at 29 November 2024.
