Investors can now get a return from the safety of an appealing savings account after all of the interest rate rises, rather than from investing in shares. Thus, share market companies need to have solid yields to attract investors during this period of time.
With that in mind, I'm going to talk about two All Ordinaries Index (ASX: XAO) shares that could be great dividend choices for cash flow, as they pay a distribution every three months.
The ASX dividend shares below could make it rain passive income over the next 12 months and beyond:
Rural Funds Group (ASX: RFF)
Rural Funds is a real estate investment trust (REIT) that owns a farmland portfolio across a variety of sectors including almonds, macadamias, cattle and vineyards.
Over the last six months, the Rural Funds share price has dropped around 20%, making it much more affordable for investors to buy shares.
With the lower valuation, investors are able to get a higher prospective yield. Using the FY23 total payout of 12.2 cents per share, it currently has a distribution yield of 6.1%.
It's expecting its rental revenue to grow faster than its costs, and the ASX All Ords share is expecting rental profit to be higher in FY24 than FY23.
Farmland continues to be an essential asset in Australia and I believe the business will continue to pay good distributions for many years to come.
GQG Partners Inc (ASX: GQG)
GQG is one of the largest fund managers on the ASX. It's based in the US, but it's seeking to grow internationally in places like Canada and Australia.
The business offers four main strategies – international equities, global equities, emerging market equities and US equities. Each of those divisions is seeing funds under management (FUM) growth.
In the three months to June 2023, the company saw net inflows of US$1.2 billion. In the 12 months to June 2023, the net inflows amounted to US$6.2 billion, which management said they were "pleased" about considering the "difficult industry environment". GQG pointed to a "reasonable pipeline of client demand across multiple geographies and channels."
The ASX All Ords share has said it will pay 90% of its distributable earnings out as dividends to investors.
According to Commsec, the company is expected to pay an annual dividend per share of 8.8% in FY24, with further growth expected after that.
