Each of the ASX dividend shares in this article are rated as buys.
The Motley Fool Dividend Investor service looks to find businesses that are proven, with quality management, dependable dividends and attractive yields.
Here are three that it has rated as buys:
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
Soul Patts is an ASX dividend share that's an investment conglomerate.
It was listed in 1903 and has paid a dividend every year since then. It has actually increased its dividend each year since 2000, including through COVID-19 – this is the longest consecutive dividend growth streak on the ASX.
It's invested in a variety of industries including telecommunications, building products, property, resources, pharmacies, swimming schools, financial services and agriculture. TPG Telecom Ltd (ASX: TPG) is the largest position in the portfolio.
Each year Soul Patts receives dividends and other income from its investments, which it then uses some of to pay for its operating expenses, then pays out a majority of the remaining net cashflow as a growing dividend. The retained amount can be re-invested into more opportunities.
At the current Soul Patts share price, it offers a trailing grossed-up dividend yield of 3.1%.
Soul Patts is still rated as a buy by the Motley Fool Dividend Investor.
Bapcor Ltd (ASX: BAP)
Bapcor is an ASX dividend share that's the largest auto parts business in Australia and New Zealand. It also has a small but growing presence in Asia as well.
In a recent trading update, Bapcor CEO Darryl Abotomey spoke of the company's defensive qualities: "The automotive market is a resilient industry and historically has performed strongly in difficult economic circumstances. Recent trading is another example of its resilience assisted by the increase in sales on second hand cars, reduction in use of public and shared transport modes as well as government stimulus."
That recent trading that he's referring to was the first quarter of FY21, which showed group revenue was up 27% with Burson Trade revenue up 10%, retail sales up 47% (which includes Autobarn) and specialist wholesale revenue up 45%.
Bapcor has increased its dividend every year for the past several years. In FY20 it grew its dividend by 2.9%, despite the COVID-19 conditions.
At the current Bapcor share price it has a trailing grossed-up dividend yield of 3.4%.
Bapcor is still rated as a buy by the Motley Fool Dividend Investor.
Brickworks Limited (ASX: BKW)
Brickworks is an ASX dividend share that is the market leader of bricks in both Australia and the north east of the US.
It sells a variety of building products, not just bricks, including masonry, paving, roofing and precast. It has brands including Austral Bricks, Austral Masonry, Glen Gery, GB Masonry, Austral Precast and Bristle Roofing.
The company has two other divisions. It owns half of a industrial property trust along with Goodman Group (ASX: GMG). This joint venture will soon count Coles Group Ltd (ASX: COL) and Amazon as tenants because it's specifically building two large, high-tech distribution warehouses in Sydney for the large companies.
Brickworks also has an 'investments' division. It is actually a major shareholder of Soul Patts, owning around 40% of the business. It has been a shareholder for decades. Brickworks has been receiving growing dividends from Soul Patts for many years, which helps fund its own dividend.
Brickworks hasn't cut its dividend for over 40 years. At the current Brickworks share price, it offers a trailing dividend yield of 4.4%.
The ASX dividend share currently rated as a buy by the Motley Fool Dividend Investor.
