ASX dividend shares that are growing the payout year after year are very attractive for investors who want a high degree of confidence in how much passive income they’re going to receive each year.
Dividend income is really appealing because of how little effort and further money we need to put in once we’ve made the investment. An investment property seems less appealing because of the possibility of various administrative tasks, repairs, tenants not paying and the (likely) debt that is necessary to buy the property.
The two ASX dividend shares I’m going to talk about below are two of the ones I’m confident can continue paying dividends and hopefully deliver larger payouts. Normally, I’d highlight Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) in an article like this, but there are other names I want to highlight.
Rivco Australia Ltd (ASX: RIV)
Rivco Australia, formerly called Duxton Water, owns a portfolio of water entitlements. Those can be leased on short-term or long-term leases.
The company can deliver earnings from both the lease income and the potential rise of water entitlement values.
This ASX dividend share has increased its payout every six months since 2017, which I’d describe as one of the more impressive growth streaks on the ASX. I love seeing dividends steadily rising over time, rather than trying to deliver maximum dividend income and risking a dividend reduction in future years.
The last two dividend payments by the business equate to a grossed-up dividend yield of 7.6%, including franking credits.
With a post-tax net asset value (NAV) of $1.58 and a pre-tax NAV of $1.75 as of November 2025, it’s trading at an attractively cheap price, in my opinion.
Pinnacle Investment Management Group Ltd (ASX: PNI)
Pinnacle is one of the most appealing businesses in the funds management industry, in my opinion.
It has invested in a portfolio of funds management businesses such as Aikya, Antipodes, Coolabah, Firetrail, Five V, Hyperion, Langdon, Life Cycle, Metrics, Pacific Asset Management, Palisade, Plato, Resolution Capital, Solaris and Spheria.
Why do these fund managers want to sell a minority stake of their business to get Pinnacle on board? Pinnacle can provide a number of services including seed funds under management (FUM), distribution and client services, fund administration, compliance, finance, legal, technology and other administrative services.
Pinnacle is benefiting from the long-term organic capital growth of asset prices. Additionally, the fund managers have a collective record of delivering outperformance for their clients over the long-term, helping them retain FUM and attract new funds.
The ASX dividend share has grown its dividend almost every year between FY17 and FY25, aside from 2020 when it maintained its payout. I think it’s likely the business will be able to continue growing its dividends thanks to the progress of its FUM growth.
At its AGM, the company revealed that its total affiliate FUM had grown by 10% in the three months to September 2025 compared to June 2025. I think that bodes well for dividend growth in FY26.
According to the forecast on CMC Markets, the business is projected to pay a dividend which equates to a grossed-up dividend yield of 5.4%, including franking credits.
The post 2 ASX dividend shares raising dividends like clockwork! appeared first on The Motley Fool Australia.
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* Returns as of 18 November 2025
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More reading
- Is investing $5,000 enough to earn a $1,000 second income?
- Retirement wealth plan: Create $1 million with a single Australian stock
- 1 impressively awesome Australian dividend stock down 20% to hold for decades!
- Where I’d invest $10,000 into ASX dividend shares right now
- 2 undervalued ASX 200 shares to target
Motley Fool contributor Tristan Harrison has positions in Pinnacle Investment Management Group, Rivco Australia, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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