Business
3 ASX dividend shares to own for retirement income
Certain ASX dividend shares may be useful for retirees to consider for retirement income.
These businesses may be able offer reliable dividend income:
This is one of the biggest supermarket businesses in Australia. According to the ASX, it has a market capitalisation of around $24.5 billion.
The ASX dividend share hasn’t been an independent company from Wesfarmers Ltd (ASX: WES) for long, but its dividend in FY20 was bigger than FY19. Ex-parent Wesfarmers also has a focus on dividends to ensure that shareholders receive returns.
In FY20 the company saw sales revenue growth of 6.9% to $37.4 billion and earnings before interest and tax (EBIT) grew by 4.7% to $1.39 billion. Net profit went up 7.1% to $951 million. The company saw…
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