
There are a few ASX shares that I’ve heavily invested in that now make up a significant portion of my portfolio.
Ultimately, I want to grow my wealth. But, a key part of my investment objectives is growing the flow of dividends hitting my bank account.
With those dividends, I can pay for expenses, whether that’s discretionary spending or having the peace of mind that essential bills are covered by passive income.
With that outlined, let’s look at two businesses that make up around 40% of my portfolio.
MFF Capital Investments Ltd (ASX: MFF)
MFF is predominantly a listed investment company (LIC) that focuses on international shares. It also has a small funds management segment after acquiring Montaka.
MFF likes to target competitively advantaged businesses with above-average prospects for strong economic growth in the long-term.
This investment strategy has led to the ASX share owning stocks like Mastercard, Visa, Alphabet and Amazon.
It’s the portfolio diversification that gives me confidence to invest a significant portion of my portfolio in it. It’s not just a single ASX share.
I also like how it has the flexibility to invest in opportunities big or small, anywhere in the world. This can help deliver good returns by having a wide hunting ground. It has a great track record of delivering returns.
In terms of the dividend, the business has been growing the payout by 1 cent per share every six months for a while. This resulted in the FY26 annual dividend per share rising by 4 cents per share to 21 cents, an increase of 23.5%.
I expect the business will increase its dividend by another 4 cents per share to 25 cents per share, a rise of 19%.
That estimated FY27 payout translates into a grossed-up dividend yield of 6.6%, including franking credits.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
Another ASX share that I’ve significantly invested in my portfolio is Soul Patts.
This business is one of the oldest on the ASX, it’s been listed for over 120 years. That longevity is one of the reasons for my confidence in the business, it has already proved it can thrive for many decades.
The company has built its portfolio to include a number of different types of assets including fixed income, private credit, swimming schools, agriculture, telecommunications, resources, energy, electrification, building products, retirement living, financial services and so on.
As I’ve said before, I love investments that can provide exposure to a whole portfolio.
I think it’s really attractive that Soul Patts invests in a wide variety of assets, including a significant portion of the portfolio being unlisted investments.
The investment team at Soul Patts continue to add additional ideas to the portfolio. Recently, fixed income and international investments have become larger focuses.
It regularly adds to its portfolio, which is a useful driver of the net asset value (NAV) of the company, which then helps the share price.
Impressively, it has grown its dividend every year since 1998, which is the sort of consistency I like to invest in. Its latest annual dividend was the FY26 payout of $1.11 per share.
That translates into a grossed-up dividend yield of 3.5%, including franking credits, at the time of writing.
The post These 2 ASX shares make up around 40% of my portfolio appeared first on The Motley Fool Australia.
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More reading
- MFF Capital vs PM Capital Global Opportunities: Which LIC is the better investment today?
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- How much do I need to retire on $110,000 a year at 65?
- Is this the ASX’s perfect dividend stock?
Motley Fool contributor Tristan Harrison has positions in Mff Capital Investments 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 Alphabet, Amazon, Mastercard, Visa, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Mff Capital Investments and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Alphabet, Amazon, Mastercard, and Visa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

