2 ASX dividend stocks I'll be buying hand over fist in 2024

These two shares are on the top of my 2024 wish list.

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We're now just one day away from the start of 2023's final month if you can believe it. I'm not normally a huge buyer of ASX dividend stocks during the month of December, thanks to the pressures of certain other events on the personal budget.

Instead, next month I'll be thinking about which ASX dividend stocks I want to be buying hand over fist during 2024. I've come up with two no-brainers that I'll hopefully own a whole lot more of this time next year.

2 ASX dividend stocks I'll be loading the boat with in 2024

Wesfarmers Ltd (ASX: WES)

I already own some Wesfarmers shares. But I wish I owned a whole lot more. Perhaps 2024 will be the year I build out my position in this ASX 200 industrials and retail conglomerate and dividend stock. Wesfarmers is the name behind the famous retail names of Bunnings, OfficeWorks, Kmart and Target.

But it also owns a bevy of other businesses, too numerous to name in full. These include Kleenheat Gas, Wesfarmers Chemicals, Energy and Fertilisers, Workwear Group, Covalent Lithium, Priceline and (most recently) Silk Laser.

A company with this many earnings bases automatically proves a lot of in-built diversification. But this ASX dividend stock is also one that has proven it can deliver market-beating returns, as well as a growing dividend, over many years. If there is any share price weakness in 2024, you can bet that I'll be buying up even more Wesfarmers shares for my portfolio.

Washington H. Soul Pattinson and Co Ltd (ASX: SOL)

Next up is another inherently diversified company in Washington H. Soul Pattinson and Co. Soul Patts is one of my favourite dividend stocks on the ASX, as I've covered before. It is a significant position in my overall portfolio, but I would love nothing better to add to this position even further if the right share pricing allows for it.

Soul Patts is an investing house. It manages a huge array of assets on behalf of its shareholders. These include a portfolio of blue-chip ASX shares, unlisted assets and other investments like private equity and credit. It also counts large stakes in a select range of other ASX businesses. These include TPG Telecom Ltd (ASX: TPG), New Hope Corporation Limited (ASX: NHC) and Brickworks Ltd (ASX: BKW).

Soul Patts also has decades' worth of market-beating performance to boast of. This includes an unrivalled streak of raising its dividend every single year since 2000. That's a feat no other ASX share can claim. As such, this is another top ASX dividend stock I'll hopefully be buying hand over fist in 2024.

Motley Fool contributor Sebastian Bowen has positions in Washington H. Soul Pattinson and Company Limited and Wesfarmers. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks, Washington H. Soul Pattinson and Company Limited, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Brickworks, Washington H. Soul Pattinson and Company Limited, and Wesfarmers. The Motley Fool Australia has recommended Tpg Telecom. 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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