How to get rich with ASX dividend shares // Motley Fool Australia

Arguably one of the biggest benefits of buy and hold investing is growing dividends.

A prime example of why this is the case is biotherapeutics giant CSL Limited (ASX: CSL).

Based on the current CSL share price, the company’s shares offer investors a rather paltry 1% dividend yield.

In light of this, few people (if any) would class CSL as a dividend share. Especially when compared to the likes of telco giant Telstra Corporation Ltd (ASX: TLS) and big four bank Commonwealth Bank of Australia (ASX: CBA).

However, there will be a small group of investors that get incredibly excited twice a year when CSL pays its dividend – its early investors.

Why is this?

Long before listing on the Australian share market, CSL was known as…