If passive income is what you're after, then ASX dividend shares are for you.
The good news is that there is a large range of options available.
The hard part is finding the ASX shares with the dividend yield that you want.
Atlas Arteria owns, operates, and develops five toll roads in France, Germany, and the United States. The company's main asset is an estimated 31% stake in Autoroutes Paris-Rhin-Rhone, or APRR300 kilometres of motorways in eastern France. The company also owns the Dulles Greenway toll road in the US state of Virginia.
Toll road operators are a classically defensive asset and a great choice for passive income investors.
Atlas Arteria consistently pays its shareholders 40 cents per unit, unfranked every year – one 20-cent payment in April, and another in October. This translates to a dividend yield of around 9%.
The Metrics Master Income Trust is a listed investment trust.
The trust said it targets a return of the Reserve Bank cash rate plus 3.25% per annum through the economic cycle.
The trust most recently paid a 1.46-cent dividend to shareholders earlier this month, unfranked. The latest dividend means that the fund has paid 12 dividends to investors over the past 12 months, totalling 15.8 cents per share.
IPH's most recent dividend of 19.5 cents was paid to shareholders today, with 30% franking.
As a result, WAM announced it will be cutting its dividend to 8 cents per share in total in FY27 to "preserve capital".