Looking for regular passive income? Here are 3 ASX dividend shares that pay quarterly

With interest rates and inflation nibbling away at our savings, ASX dividend shares paying quarterly distributions can deliver some welcome, regular passive income.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points
  • GQG Partners trades on a trailing yield of 7.9%, unfranked
  • Rural Funds Group trades on a trailing yield of 6.1%, partly franked
  • Arena REIT trades on a trailing yield of 4.5%, unfranked

Looking for regular passive income?

Some ASX dividend shares pay out once per year while others make both an interim and final dividend payment.

But if you'd like to bank that passive income not just once or twice a year, but every three months, you might want to run your slide rule over these three ASX dividend shares.

A happy woman holds a handful of cash dividends

Image source: Getty Images

Three ASX dividend shares for quarterly passive income payments

Up first we have GQG Partners Inc (ASX: GQG).

With a market cap of $4.3 billion, the United States-based fund manager is one of the largest fund managers on the ASX.

GQG trades on a trailing yield of 7.9%, unfranked.

And if you'd like the latest quarterly payout, there's still time. The company's quarterly dividend of 2 US cents per share will be paid on 28 June. To grab that payout, you'll need to own shares at market close this Thursday, 18 May. GQG shares trade ex-dividend on Friday.

Atop the quarterly dividend payments, the GQG Partners share price is up 4.5% over the past year.

The second ASX dividend share that provides a quarterly passive income stream is Rural Funds Group (ASX: RFF).

The real estate investment trust (REIT) holds and leases agricultural land and equipment.

Despite some share price weakness over the past year, with the fund impacted by higher interest rates, Rural Funds has continued to maintain or increase its quarterly dividend payouts for many years running.

The REIT trades on a trailing yield of 6.1%, franked at around 9%. The last payout of 2.9 cents per share landed in investors' bank accounts on 28 April.

Which brings us to the third ASX dividend share that pays out quarterly passive income. Namely, Arena REIT (ASX: ARF).

The REIT owns, manages and develops specialised real estate assets across Australia, with a focus on childcare and healthcare centres.

Passive income investors will have received Arena's last dividend payout of 4.2 cents per share on 4 May.

Arena trades on a trailing yield of 4.5%, unfranked. The Arena share price is down 13% over the past 12 months, but in the green so far in 2023.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

3 companies to own for a dividend yield above 5%

If you're after secure income, these companies might fit the bill.

Read more »

Beautiful young couple enjoying in shopping, symbolising passive income.
Dividend Investing

3 buy-rated ASX dividend shares forecast to yield 5%+ in FY 2027

Brokers think these shares could be top picks for income investors.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Buying Metcash shares? Here's the yield you'll get today

Metcash seemingly has a lot to offer investors right now.

Read more »

A group of businesspeople clapping.
Dividend Investing

Could this be the best ASX dividend share to buy now?

Bell Potter sees potential for 60% upside and a 6%+ dividend yield.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Dividend Investing

Targeting a dividend yield above 10%? Try these shares on for size

There are still some well-priced dividend plays on the ASX.

Read more »

Interchanging highways with light traffic.
Dividend Investing

How does an 11.8% dividend yield sound?

This company has just announced a big dividend increase.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

2 ASX dividend shares with yields above 7%

I think these are great picks for passive income today…

Read more »

A couple working on a laptop laugh as they discuss their ASX share portfolio.
Dividend Investing

3 ASX dividend shares with bigger yields than CBA

Looking for a big yield? Here are three shares offering notably high yields.

Read more »