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2 ASX dividend shares that could provide steady income in retirement

Brickworks could be one of the ASX dividend shares to provide steady retirement.
The post 2 ASX dividend shares that could provide steady income in retirement appeared first on The Motley Fool Australia. –

The two ASX dividend shares in this article might be able to provide people in retirement a steady level of income.

Businesses with defensive cashflow and a history of consistent dividends might be able to continue that record. Though there’s no guarantee of that.

Here are two of those ideas:

Brickworks Limited (ASX: BKW)

Brickworks boasts about its dividend record where it hasn’t cut its dividend in over four decades. Not only that, but it has paid a dividend every year since listing on the ASX in 1962.

It describes itself as Australia’s largest and most trusted brick manufacturer. It has a diversified portfolio assets that, it says, provide shareholders with stability and long-term growth.

Brickworks’ building products division in Australia includes Austral Bricks, the country’s largest bricks producer, and other major brands such as Austral Masonry, Austral Precast and Bristle Roofing. The building products North American division is the leading brick producer in the north-east of the US and includes the flagship business Glen-Gery.

The ASX dividend share has had surplus land assets over the last couple of decades. It has developed those property assets into industrial buildings with the help of joint venture partner, Goodman Group (ASX: GMG). Brickworks says that it helps customers to meet the supply chain needs of the growing digital economy. Some of the latest properties it’s working on includes two huge warehouses for Amazon and Coles Group Ltd (ASX: COL). This property trust distributes its rental profit to Brickworks and Amazon each year.

Brickworks also owns a long-term holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares, a diversified investment house. This investment has delivered long-term capital growth for the company. It has provided stability and growing cash dividends over the decades.

It currently has a trailing grossed-up dividend yield of 3.5%.

APA Group (ASX: APA)

APA has increased its distribution for every year for over a decade and a half.

It is a large Australia energy infrastructure business with a market capitalisation of $11 billion.

APA has a large gas transmission pipeline across every Australian mainland state and territory. It actually delivers half of the nation’s gas usage. The energy asset business has direct and operational control over its assets and the majority of its investments.

Whilst APA does own significant gas assets, including storage and energy generation, it’s also one of the largest owners and operators of renewable power generation assets. APA has wind and solar projects in WA, SA and Queensland.

APA has recently announced that it’s going to invest around $270 million to expand its east coast pipeline network which will increase the winter peak capacity by 25%, transporting gas from Queensland and the Northern Territory to southern markets.

At the current APA share price, it has a trailing distribution yield of 5.5%.

The post 2 ASX dividend shares that could provide steady income in retirement appeared first on The Motley Fool Australia.

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More reading

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ASX 200 drops, Brickworks soars, Woolworths falls

Motley Fool contributor Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended APA Group, Brickworks, COLESGROUP DEF SET, and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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