are a popular choice for many investors because of their large market positions and sizeable . Some people may own ( ) shares but want to diversify their sources with different . While NAB differs s, including ( ), ( ), and ( ), they are all still very similar businesses.
The ASX offers plenty of opportunities that can provide significantly different exposure, which is good for . Spreading the love could also be a good idea because NAB's . The two ASX dividend shares below have a solid dividend record and can still provide a comparable when looking at the average yield of the two businesses.
Brickworks Limited ( ) Brickworks is one of the older companies on the ASX with an impressive record – it has grown or maintained its dividend every year for almost 50 years. That's a strong history of stability. While the company is best known as a building products manufacturer — including being the biggest brickmaker in Australia — other assets have delivered a stable supply of passive income.
Brickworks has an investment division growing . The ASX dividend share also has an impressive property segment. Brickworks is steadily unlocking value by selling excess land into a joint venture industrial property trust with partner ( ).
The partnership then builds huge advanced warehouses on that land, which is located on the edge of major Australian cities, including Sydney. Once completed, those warehouses increase the value of the land and create an appealing stream of rental profits. At the current Brickworks share price, it has a grossed-up dividend yield of 3.
5%. Shaver Shop Group Ltd ( ) Shaver Shop is a leading retailer of male and female grooming products, including electric shavers, clippers, trimmers and wet shave items. The company also sells products across oral care, hair care, massage, air treatment and beauty categories.
The ASX dividend share has grown its annual dividend per share every year since 2017, though that record isn't guaranteed to continue, particularly in this challenging retail environment. Shaver Shop is slowly but steadily expanding its store network across Australia and New Zealand and increasing its online sales. Impressively, in the , the business reported its improved by 10 basis points to 44.
4% while still remaining "highly competitive". It's leveraging product lines and ranges that are exclusive to Shaver Shop. This gross profit improvement can help mitigate a lot of the operating expense .
The company advised it was in a "strong position" to maintain dividends and pursue growth. It's looking to add a small number of stores in FY25, which can boost its scale. Shaver Shop has a trailing grossed-up dividend yield of 12.
2%. If you invested $2,000 in these two ASX dividend shares, the average grossed-up dividend yield would be 7.8%, which is better than NAB's current grossed-up dividend yield of 6.
6%..
