Business
3 ASX shares growing the dividend rapidly
There are some ASX shares that are growing their dividends rapidly, much faster than the current inflation rate.
Dividends are a way for businesses to reward shareholders whilst the company is growing over the long-term.
Whilst the starting dividend yield is low, the dividend growth over time can turn the yield on cost into a larger yield over time, whilst hopefully benefiting from capital growth.
Here are three of those ASX shares growing dividends at a fast pace:
In FY20 it grew its total dividend by 64.6% to 13.5 cents per share.
Kogan.com is an e-commerce ASX share that was founded by Ruslan Kogan. It’s now one of the largest online retail companies in Australia.
A large number of products are sold through its websites…
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