ASX dividend shares can be an excellent investment because they can deliver both passive income and capital growth over the long term. There are some wonderful investments that we can buy in November.
Dividend shares aren't necessarily lower risk than other types of shares, but they can deliver returns through cash payments, which are funded by profit generation.
The two businesses I'm going to highlight are ones I'm bullish about and I've invested in. I bought shares of one of them this month for my portfolio.
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Accent Group Ltd (ASX: AX1)
Accent is the ASX dividend share that I invested in this month. It sells footwear and apparel through its own businesses (such as The Athlete's Foot, Stylerunner, Platypus and Nude Lucy). It sells products from global brands such as Skechers, Vans, Ugg, Herschel, Hoka, Dickies and Lacoste.
I'm optimistic about the business following news that it will roll out Sports Direct stores in the local ANZ market, which offers considerable growth potential for the company, considering the number of new brands it will allow Accent to sell (such as Lonsdale, Everlast, Slazenger, and Karrimor). It also continues to add more stores of its existing brands – in FY25, it added seven new Nude Lucy stores and nine new Stylerunner stores.
The business is expecting high-single-digit operating profit (EBIT) growth in FY26, and I think that bodes well for dividend growth in the coming years.
The forecast on Commsec suggests the business could deliver an annual dividend per share of 10.3 cents in FY27. This would translate into a grossed-up dividend yield of 11.2%, including franking credits, as of the time of writing.
Bailador Technology Investments Ltd (ASX: BTI)
I think Bailador is one of the most interesting ASX dividend shares because it's invested in high-growth private technology businesses.
Those businesses typically have attractive unit economics, repeat revenue and a large addressable market. Some of the tech businesses it has invested in include Siteminder Ltd (ASX: SDR), DASH, Updoc, Access Telehealth, Expedition Software, Rosterfy, PropHero, and Hapana. These businesses are collectively delivering incredibly strong revenue, which is driving their underlying value higher.
How does it deliver strong dividends?
The business tells investors about the value of its portfolio through its net tangible asset (NTA) figures. The company is targeting a 4% dividend yield on the pre-tax NTA, which translates into a target grossed-up dividend yield of 5.7%, including franking credits.
However, at the time of writing, the Bailador share price is trading at a discount of around 35% to the pre-tax NTA as of September 2025. Plus, the Siteminder share price rose during October, contributing to the higher NTA that's likely to be reported for the month.
On the September 2025 figure, with the large discount, Bailador actually offers a grossed-up dividend yield of 8.8%, including franking credits. That's a great dividend yield, in my books.
