Ideally, I like to hold ASX dividend shares forever. Choosing the right buy price for an ASX share is hard enough.
So I tend to only buy shares where I (hopefully) don't have to think about a potential sell price as well.
Of course, things can go wrong and these things change. But that's the plan, regardless. So here are three ASX dividend shares I'd buy to hold for at least 10 years, hopefully forever.
3 ASX dividend shares I would buy and hold
Rural Funds Group (ASX: RFF)
Rural Funds Group is an agricultural real estate investment trust (REIT) that invests in a portfolio of farmland and other agricultural assets. These include macadamia farms, vineyards, and cattle.
I like this investment as it can deliver earnings that aren't as affected by the economic cycle as other ASX dividend shares. Rural Funds Group has a solid dividend distribution track record. It pays out quarterly distributions and currently has a trailing dividend yield of 4.76%.
Vanguard Australian Shares Index ETF (ASX: VAS)
This exchange-traded fund (ETF) is another strong choice to consider for dividend income. The Vanguard Australian Shares Index ETF is an index fund, covering the largest 300 shares listed on the ASX. That's a lot of dividend payers.
So you'll find everything from BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA) to Coles Group Ltd (ASX: COL) and Telstra Group Ltd (ASX: TLS) in this ETF's underlying portfolio.
As you might expect, this enables this ETF to pay out hefty dividend distributions, which also come quarterly. Its last four distributions add up to $6.30 per unit, which gives this fund a trailing yield of 7.16% on recent pricing.
Westpac Banking Corp (ASX: WBC)
Our third and final ASX dividend share needs little introduction. As a member of the big four ASX bank shares, Westpac has a firm reputation as a solid dividend payer. But this bank is offering one of the highest yields out of the big four right now. Westpac's 2022 dividend payments give it a trailing dividend yield of 5.34% on recent pricing, which comes fully franked as well.
If the Australian economy grows over the next decade (highly likely, given its historic track record), Westpac will be along for the ride. This makes it the third ASX dividend share I would be happy to hold for at least the next decade.
