I think it’s quite rare to find ASX dividend stocks that offer a mixture of both reliability and a good dividend yield. WCM Global Growth Ltd (ASX: WQG) is one of the best businesses for that combination of passive income factors, in my opinion.

If I were picking a business for dividends, I’d pick WCM Global Growth over names like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Rio Tinto Ltd (ASX: RIO), Westpac Banking Corp (ASX: WBC), Fortescue Ltd (ASX: FMG), National Australia Bank Ltd (ASX: NAB), Woodside Energy Group Ltd (ASX: WDS) or ANZ Group Holdings Ltd (ASX: ANZ).

Part of the reason for that preference is the fact that WCM Global Growth is a listed investment company (LIC). That means it invests in other assets on behalf of shareholders and the board of directors get to decide how big the payouts will be.

The LIC has a fairly different management team to many other LICs on the ASX – it’s managed by WCM, a fund manager that’s based in Laguna Beach, California. They chose that location so that its team are not “living in an echo chamber – surrounded by industry companies and peer analysts”.

Let’s look at the performance, reliability and dividend yield of this compelling ASX dividend stock.

Impressive passive income option

The LIC is invested in a portfolio of between 20 to 40 stocks that are quality global companies primarily in high-growth areas within consumer, technology and healthcare sectors.

There are a couple of key aspects that influence what the WCM team are looking for. They want to find businesses with an improving economic moat (competitive advantages). An economic moat is what keeps the business ahead of competitors or keeps customers coming back. Advantages could include intellectual property, brand power, network effects and ecosystems, cost advantages and so on.

When an economic moat is improving, it suggests the business is entrenching its position in the market further, giving it greater potential to grow profit.

The other main element of the investment strategy is that WCM look for businesses that have a corporate culture that enables an improvement in the economic moat. The investment team believe that corporate culture is the biggest influence on a company’s ability to grow its competitive advantage.

It looks across the world for opportunities, not just US businesses. At 31 May 2026, 56% of the portfolio was invested in the Americas, 21% was invested in Europe, 18% invested in Asia Pacific and 5% was invested in ‘other’.

As of 31 May 2026, the LIC’s portfolio has delivered a net return after fees of 15.8% per year since inception in June 2017 and 22% per year over the last three years. Past performance is not a guarantee of future returns, of course, but it shows the investment process can be very effective.

The strong performance by the ASX dividend stock’s portfolio has enabled it to grow its annual dividend per share every year since FY19. It started paying a quarterly dividend in FY23 and it has increased its quarterly payout every quarter since then.

Good dividend yield

The dividend has regularly increased and now the dividend yield is pleasingly high.

It has provided guidance that over the next 12 months, it expects to pay four quarterly dividends that total 9.59 cents per share.

The guidance translates into a grossed-up dividend yield of 7.1%, including franking credits, at the time of writing.

I think this seems like a good time to invest, partly because (at the time of writing) it’s trading at a high single-digit discount to its net tangible assets (NTA).

At the time of writing, investing $1,000 would buy 518 WCM Global Growth shares. I’d happily make that investment today.

The post $1,000 buys 518 shares in an incredibly reliable ASX dividend stock appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Wcm Global Growth. 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

It was a busy week for Australia’s top brokers. This has led to a number of broker notes being released. 

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

BHP Group Ltd (ASX: BHP)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $67.50 price target on this mining giant’s shares. The broker believes that recent weakness, which has been caused by profit-taking following a very strong run, has created a buying opportunity for investors. Morgan Stanley is particularly positive on copper, which it believes could underpin strong earnings. The BHP share price ended the week at $58.28.

Goodman Group (ASX: GMG)

A note out of Citi reveals that its analysts have retained their buy rating and $40.00 price target on this industrial property company’s shares. Citi believes there’s a chance that Goodman could upgrade its earnings guidance, which currently points to 9% growth, ahead of its FY 2026 results in August. Looking further ahead, the broker highlights that Goodman is negotiating a number of leases for key assets around the globe. It suspects that this could support a series of upgrades to its FY 2027 guidance as the year progresses. Outside this, Citi remains positive on the company largely due to its data centre pipeline and strong logistics portfolio. The Goodman share price was fetching $29.97 at Friday’s close.

Zip Co Ltd (ASX: ZIP)

Analysts at UBS have retained their buy rating on this buy now pay later provider’s shares with an improved price target of $4.10. According to the note, the broker has been pleased to see that US consumer spending has been resilient despite global uncertainty. In light of this, UBS believes that Zip could have a strong finish to FY 2026, with robust transaction growth in the key US market. Combined with recent facility refinancing, the broker believes Zip is well-positioned to continue its strong financial performance for the foreseeable future. The Zip share price ended the week at $3.13.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended BHP Group and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

At the age of 62, your superannuation should be a priority.

After all, by this point, you can retire whenever you’re ready.

At age 62, Australians have passed their preservation age (60 years old) so they can access their super whenever they like.

They’re also just three years from the average retirement age (65 years old), and five years from receiving the Age Pension if eligible (67 years old).

The most important thing to work out before you retire is whether your superannuation balance is enough to fund the retirement lifestyle you want to live.

So, you want to retire comfortably at age 62? First, let’s break down what that might look like, and how much money you’ll need.

What does a comfortable retirement look like?

In Australia, retirement is generally split into two categories: a modest retirement and a comfortable one. 

A modest retirement, according to the Association of Superannuation Funds of Australia (ASFA), is defined as being able to cover expenses slightly above what the full Centrelink Age Pension would provide from age 67. 

Then, a comfortable retirement is defined as one that enables retirees to maintain a good standard of living well beyond the Age Pension. It budgets for expenses beyond a modest retirement, including top-tier private health insurance and regular leisure activities. It allocates funds for home repairs or renovations, and perhaps even an annual holiday. This is what the majority of Australians aim for.

How much does a comfortable retirement cost?

ASFA estimates that a comfortable retirement will cost roughly $55,923 per year for single Australians. For couples, the annual cost will be closer to $78,566. 

Note, however, that these figures assume you’ll receive a part of the Age Pension and that you own your home outright. It’s also expected that you have an emergency fund set aside.

Ok, so how much do I need in my superannuation by age 62 to be able to afford that?

In order to fund a modest comfortable retirement, ASFA calculates that single Australians will need around $630,000. Meanwhile, couples will need around $730,000 combined.

But there is a catch.

These figures are calculated on the assumption that you’ll access your superannuation from age 67.

They also assume you’ll need to fund around 10 years of a comfortable retirement.

So, if you’re planning to retire earlier, at age 62, you’ll need to factor in those five additional years.

I’ve done a quick calculation using ASFA’s figures to work out the sum you actually need to retire at age 62.

Singles will need to have closer to $840,000 in their superannuation. Meanwhile, couples will need a combined balance of around $1.2 million at age 62. This assumes you’ll need to fund around 15 years of retirement. 

But remember, if you don’t own your home outright, you’ll also need to consider how you’ll pay your mortgage or rent on top of your other bills and budget accordingly.

The post How much do I need in my superannuation to retire comfortably at age 62? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.