June is now officially upon us – along with moons, Ferris wheels and that dizzy, dancing way you feel.
With a new season comes a fresh opportunity to examine our share portfolios. And for ASX dividend investors, this couldn’t come with more importance. ASX dividend shares haven’t delivered a lot of confidence to investors in 2020 so far. The big 4 ASX banks have mostly quarantined their dividend payments – along with many other ASX blue-chip shares.
I’ve already pontificated about 3 ASX dividend shares you can buy this month, but here are another 5 winning ASX shares for your consideration today.
Rural Funds Group (ASX: RFF)
Rural Funds used to be a favourite of ASX dividend investors. That was before a short-seller attack last year that smashed the company’s share price into oblivion. It still hasn’t recovered to its past highs, despite claiming vindication from the allegations levied against it.
But that’s exactly why I think this agricultural land leaser is a top buy today. At the time of writing, its shares are offering a yield Elon Musk would be proud of – 4.20%. Rural Funds Group aims to increase this yield by 4% every year as well.
Telstra Corporation Ltd (ASX: TLS)
Telstra is another top ASX dividend share investors should consider this June. The telco giant has shown no explicit signs that its 16 cents per share dividend won’t be continued in 2020 – which would give Telstra shares a yield of 4.94% on current prices.
Telstra’s defensive qualities, as well as its investment in 5G technology, make this another top ASX dividend share to buy this month in my opinion.
Fortescue Metals Group Limited (ASX: FMG)
Fortescue Metals has been one of the best companies to own in 2020 so far. Not only do Fortescue shares offer a fully franked trailing yield of 6.82%, but the shares have also been breaking new all-time highs over the past few weeks. Another one was reached just today of $14.72.
As long as iron ore prices stay near their current levels around US$100 a tonne, I believe Fortescue should be able to shower its shareholders with dividend income this year – and thus, should be a handy share to have in your dividend stable.
Amcor PLC (ASX: AMC)
Amcor is a manufacturer of packaging – mostly of the cardboard box and plastic variety. This might be viewed as a ‘boring’ ASX dividend share by some investors – but in this case, boring means ‘defensive’ and ‘reliable’. Even though Amcor shares are up close to 50% on their March lows, the company is still offering a dividend yield of 2.52% on current prices.
Coles Group Ltd (ASX: COL)
Our final dividend pick today is Coles Group. Coles is one of the most defensive and reliable dividend payers on the ASX in my opinion. Its ‘recession-proof’ business is a handy one to have in an ASX dividend portfolio in these uncertain times – and is one we all saw the merits of back in February and March.
On current prices, Coles shares are offering a fully franked, trailing yield of 3.52%.
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Motley Fool contributor Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Amcor Limited, RURALFUNDS STAPLED, and Telstra Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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