2 ASX dividend shares with very long dividend growth records

APA and Soul Patts are two businesses that have grown their dividend for many years.
The post 2 ASX dividend shares with very long dividend growth records appeared first on The Motley Fool Australia. –

There are a handful of ASX dividend shares that have grown their dividend every year back to the GFC.

Indeed, a couple of businesses have actually increased their dividend going back before the GFC. Those are long-term dividend records.

Washington H. Soul Pattinson and Co Ltd (ASX: SOL)

Soul Patts is the ASX dividend share with the longest growth record.

The investment conglomerate has grown its dividend every year since 2000. It was first listed in 1903 over a century ago and it has paid a dividend every year since then.

Soul Patts has a diversified portfolio of assets to generate earnings and growth.

Listed investments include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), New Hope Corporation Limited (ASX: NHC), Bki Investment Co Ltd (ASX: BKI), Milton Corporation Limited (ASX: MLT), Pengana International Equities Ltd (ASX: PIA), Pengana Capital Group Ltd (ASX: PCG), Palla Pharma Ltd (ASX: PAL), Clover Corporation Limited (ASX: CLV) and Tuas Ltd (ASX: TUA).

It also has a portfolio of unlisted businesses and assets such as resources (Round Oak), swimming schools, financial services and agriculture.

Each year, Soul Patts’ portfolio produces profit and sends cashflow in the form of dividends and distributions to the parent business. After paying for the expenses to run the company, Soul Patts can then pay out a sizeable amount of its net cashflow to shareholders as a dividend.

One of the newest investment focuses of the ASX dividend share is luxury retirement living.

At the current Soul Patts share price, it has a grossed-up dividend yield of 2.8%.

APA Group (ASX: APA)

APA is another business that has been growing its distribution for many years – more than a decade and a half.

It’s one of Australia’s largest infrastructure businesses, with a focus on energy. It owns a huge pipeline network to transport gas around the country.

APA also owns gas infrastructure like storage and energy generation. It also owns some renewable energy assets.

The ASX dividend share pays its growing distribution from the cashflow that it generates.

New projects can help unlock even more cashflow. In recent months the business has announced expansions of its gas pipeline networks.

On the east coast it just announced that it’s expanding the winter peak capacity by 25% for the delivery of gas from Queensland and the Northern Territory to southern markets for a cost of around $260 million.

In Western Australia it is going to invest up to $460 million to construct a new 580km pipeline to connect emerging gas fields in the Perth Basin to the resource rich Goldfields region, forming an interconnected WA Gas Grid.

At the current APA share price, it offers a distribution yield of 5.4%.

The post 2 ASX dividend shares with very long dividend growth records appeared first on The Motley Fool Australia.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Returns As of 15th February 2021

More reading

The Brickworks (ASX:BKW) share price hit an all-time high today. Here’s why
3 reasons why Soul Patts (ASX:SOL) can be a good ASX dividend share
The 10 ASX dividend shares delivering the highest yields

These ASX dividend shares keep giving investors a payrise

3 ASX shares that keep growing their dividends every year

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. owns shares of and has recommended Clover Corporation Limited. The Motley Fool Australia owns shares of and has recommended APA Group, Brickworks, 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!