2 ASX dividend shares growing their dividend every year // Motley Fool Australia

The two ASX dividend shares in this article are growing their dividends every year.

The Reserve Bank of Australia (RBA) recently decided to cut the official interest rate to almost 0% with a reduction to 0.10%.

ASX shares pay out dividends from their profit each year and some are growing their dividend every year.

Here are two examples rated as buys by the Motley Fool Dividend Investor service:

Rural Funds is an agricultural real estate investment trust (REIT). That means it’s an owner of commercial farmland. It leases out that farmland to many large, quality tenants.

Some of those tenants include: JBS, Select Harvests Limited (ASX: SHV), Olam, Australian Agricultural Company Ltd (ASX: AAC), Queensland Cotton, Treasury Wine…