Some are well known for their credentials. A name like ( ) has the longest growth record on the ASX. Stocks like ( ) have been known for paying large .
A business like ( ) is known for having a diversified portfolio with a stable dividend. I'm going to discuss two ASX dividend shares that may not be well known but have really impressed me over the past few years. Charter Hall Group ( ) Charter Hall describes itself as one of Australia's leading fully integrated property investment and funds management groups.
It says it manages a diverse portfolio of high-quality properties across its core sectors of office, industrial and logistics, retail and social infrastructure. The business now manages $80.9 billion of , including $65.
5 billion of property FUM, as of June 2024. While the ASX dividend share has been impacted by the higher environment, hurting property valuations, Charter Hall thinks it's well-positioned to take advantage of a lower interest rate environment "as it emerges". Unlike most other real estate businesses, Charter Hall has continued increasing its payout for shareholders during this higher interest rate period – that's impressive, in my opinion.
The business has increased its passive income payment every year since 2009. It's expecting to grow its FY25 distribution per security by 6% compared to the FY24 payout of 45.1 cents per security.
The FY24 payout translates into a distribution yield of 2.8%. Universal Store Holdings Ltd ( ) Universal Store owns a portf.