If income is the goal, I think it can make sense to look for ASX dividend shares backed by assets and products that people rely on.
I would want to own businesses with cash flows that are supported by essential infrastructure, repeat demand, and long customer relationships.
Two ASX dividend shares I would consider buying this month for an income portfolio are named below.
APA Group (ASX: APA)
APA Group is one dividend share I think looks attractive for income-focused investors.
The business owns and operates a large portfolio of energy infrastructure assets, including gas transmission, processing, compression, storage, power generation, battery storage, and electricity transmission infrastructure.
That gives APA a very different profile to many ordinary dividend shares. The company’s assets help move energy around the country. It delivers around half of Australia’s domestic gas through more than 15,000 kilometres of pipelines that it owns, operates, and maintains. That kind of infrastructure is hard to replicate and remains important even as the energy system changes.
I also like that APA is not just sitting still as an old-world gas pipeline business. It has exposure to gas-powered electricity, renewables, batteries, and electricity transmission. Australia’s energy transition will be messy and expensive, and I think infrastructure owners can play an important role in keeping the system reliable.
The income appeal is also very clear. According to CommSec, APA is expected to pay dividends per share of 58 cents in FY26, 59 cents in FY27, and 69 cents in FY28. Based on the current share price of around $10.42, that implies dividend yields of approximately 5.6%, 5.7%, and 6.6%, respectively.
Of course, investors still need to watch debt, interest rates, regulation, and capital spending. Infrastructure businesses are not immune from risk. But I think APA’s asset base and role in Australia’s energy system make it a strong candidate for investors seeking dependable income.
Amcor plc (ASX: AMC)
Amcor is another ASX dividend share I would consider buying this month.
This is not a business that needs a booming economy to remain useful. Amcor makes packaging and dispensing solutions used across nutrition, health, beauty, wellness, and other consumer categories.
That may sound simple, but packaging sits inside a huge number of everyday products. Food needs to be protected, medicines need safe and reliable packaging, and beauty and personal care products need containers, closures, cartons, and flexible packaging that work well for brands and consumers.
Amcor operates across more than 400 locations in more than 40 countries, which gives it a global footprint and exposure to many different customers and markets. I think that global spread is important.
Amcor is not relying on one country, one retailer, or one product category. It is supplying packaging solutions across a wide range of consumer staples and healthcare-related markets. That can help make its earnings more resilient than many cyclical businesses.
The dividend also looks sizeable.
CommSec consensus estimates predict that Amcor will pay dividends per share of $3.66 in FY26, $3.27 in FY27, and $3.34 in FY28. Based on a share price of around $58.78, that implies dividend yields of about 6.2%, 5.6%, and 5.7%, respectively.
I think that is a strong income profile for a global packaging business.
There are still risks, including input costs, currency movements, customer demand, debt, and the need to keep investing in more sustainable packaging. But I think Amcor’s scale, customer relationships, and exposure to repeat-use consumer categories make it a dividend share worth considering.
Foolish takeaway
I do not think income investing needs to be exciting. In fact, some of the most useful dividend shares are attached to assets and products people keep relying on through different conditions.
APA and Amcor both carry risks, particularly around debt, costs, regulation, and capital spending. But for investors seeking income, I think their forecast yields and underlying business roles make them worth considering.
If the goal is dependable cash flow rather than market excitement, boring can be beautiful.
The post 2 rock-solid ASX dividend shares to buy this month appeared first on The Motley Fool Australia.
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More reading
- How to make $2,000 of monthly passive income from ASX shares
- These ASX dividend shares keep giving investors a pay rise
- How to build a passive income stream for life with ASX shares
- 3 safe ASX dividend shares to buy for income
- How I’d aim to build $10,000 a year in passive income from ASX shares
Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Plc and Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.