Dividend Shares
2 unloved ASX dividend shares I’d buy for passive income
ASX dividend shares that pay passive dividend income could make excellent ideas for their dividend yields.
September 20, 2023
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.
ASX dividend shares that pay passive dividend income could make excellent ideas for their dividend yields.
The Tuas Ltd (ASX:TUA) share price is up more than 10% after the Asian ASX telco share announced strong progress in the FY23 report.
The New Hope Corporation Ltd (ASX:NHC) share price is up 3% after the ASX coal share revealed a strong FY23 result.
The Costa Group Holdings Ltd (ASX:CGC) share price has fallen 3% after the takeover offer was reduced for the farming business.
The A2 Milk Company Ltd (ASX: A2M) share price is in focus after it announced it was cancelling its exclusive agreement with Synlait Milk Ltd (ASX: SM1).
The Ramsay Health Care Ltd (ASX:RHC) share price went up today following the company’s announcement that it was making progress on the sale of its Asian business.
The Metcash Ltd (ASX:MTS) share price is under the spotlight after the business gave a trading update at its annual general meeting (AGM).
The Myer Holdings Ltd (ASX:MYR) share price is down 3% after the department store retailer reported its FY23 result.
The Qantas Airways Limited (ASX:QAN) share price is down after the airline lost its High Court appeal about workers it sacked during COVID.
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