The two I'm going to tell you about pay high levels of . Due to their rewarding , they could produce $1,000 of passive income, or more, over the next year. When businesses have a relatively low , where they trade at a low multiple of their earnings, they are more likely to have a good dividend yield.
usually trade on a lower earnings multiple than some sectors like or ASX industrial shares. Below are two ASX dividend shares that have a commendable history of dividend payments. Shaver Shop Group Ltd ( ) As the name suggests, Shaver Shop is a retailer that specialises in male and female personal grooming products, including electric shavers, clippers, trimmers, and wet shave items.
It has 123 Shaver Shop stores across Australia and New Zealand. The company also offers oral care, hair care, massage, air treatment, and beauty products. Impressively, the ASX dividend share has grown its annual payout every financial year since it started paying a dividend in 2017, though that streak is not guaranteed to continue.
Using the last two declared dividends, it has a trailing grossed-up dividend yield of 13%. In the for 1 January 2024 to 22 February 2024, it revealed total sales were up 0.9%, which is beneficial for the profit generation and supporting the dividend.
In a drive to boost in-store and online operational efficiency, as well as improve the customer experience, it has invested in a new software platform, which was planned for the second half of FY24. There are multiple ways th.
