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…