Business
2 ASX dividend shares that keep growing their dividend every year
There are a few ASX dividend shares that keep increasing their dividend every year for investors.
COVID-19 caused a lot of businesses to cut or maintain their dividends because of the enormous financial impacts and uncertainty.
But a few kept increasing, like these two:
Rural Funds is an agricultural real estate investment trust (REIT). It owns a diversified portfolio of farms across cattle, vineyards, almonds, macadamias and cropping (sugar and cotton).
Its farms are diversified across climate conditions and geographically.
The ASX dividend share has a goal of increasing its distribution by 4% every year for investors. It has been successful with this goal. Rural Funds grew the distribution by 4% in 2020, unfazed by COVID-19…
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