Receiving from ASX shares can be very rewarding. How easy is it to watch the cash hit your bank account every year – no effort at all! Some businesses are known for growing their payouts, while others can offer large . When businesses are paying out a lot of their profit, they aren't reinvesting significantly for long-term growth.
So, don't expect tons of capital growth from stocks with large dividend yields. However, dividend payments can be less than share prices, which some investors may like. The two high-yield ASX shares below are expected to grow their dividend payouts in FY25 and FY26.
However, a tough retail environment could mean FY24 (which has just finished) results could see a dividend reset. Shaver Shop Group Ltd ( ) This ASX retailer sells male and female grooming products and wants to be the market leader in 'all things related to hair removal'. It has 123 stores across Australia and New Zealand and also sells products through its own websites and other online marketplaces.
It aims to offer customers a wide range of quality brands at competitive prices, supported by "excellent staff product knowledge". The company's scale enables it to negotiate exclusive products with suppliers. For example, it recently to distribute and sell Skull Shaver's full range of products across Australia and New Zealand.
It also retails products across oral care, hair care, massage, air treatment and beauty categories. Impressively, the high-yield ASX shares grew their dividend ever.
