If you’re looking to invest in ASX dividend shares, then I think the ones below could be quality options. 

All three have strong businesses and offer investors generous dividends. Here’s why I would buy them next week:

BWP Trust (ASX: BWP)

The first ASX dividend share to buy is BWP. It is a real estate investment trust which invests in and manages commercial properties throughout Australia. The majority of its properties are leased to hardware giant Bunnings. Given the quality of the Bunnings business, I believe the risk of rental defaults is minimal. Especially considering that Bunnings is owned by Wesfarmers Ltd (ASX: WES), which also owns a sizeable stake in BWP. Overall, I believe BWP is well-placed to grow its distribution at a solid rate over the next decade. At present I estimate that it offers investors a 4.8% yield.

Fortescue Metals Group Limited (ASX: FMG)

If you’re not averse to investing in the resources sector, then I think Fortescue could be a great ASX dividend share to own. Spot iron ore prices have remained strong throughout the pandemic and last week smashed through the US$100 a tonne mark. This bodes well for Fortescue and its low cost operations and improving grades. And given the strength of its balance sheet, it also bodes well for dividends this year and next. Predicting its dividend yield is difficult, but I believe it is safe to say it will be at least 6% in FY 2021.

Macquarie Group Ltd (ASX: MQG)

A final ASX dividend share to consider buying is Macquarie. I like the investment bank due to the quality of its operations and its talented management team. Another positive is the diversity of its earnings. This diversity means Macquarie can often thrive when the big four banks are struggling. And while the pandemic will inevitably weigh on its performance in the near term, I believe it will bounce back very strongly once the crisis passes. I estimate that its shares offer investors a partially franked 4.2% FY 2021 dividend yield.

More reading

• What selling ASX shares means at tax time
• What to watch on the ASX 200 next week
• 2 ASX shares to buy for strong retirement income
• Is the Fortescue share price under threat from a potential multi-million dollar earnings hit?
• Should you ever buy ASX shares at an all-time high?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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Are you looking to buy some quality ASX options for long-term growth?

With the current share market volatility, some investors may be thinking that investing in shares is too risky.

However, I think it’s important to keep in mind share market volatility does happen from time to time.

Shares also have the advantage of providing capital gains, provided that you have a long-term investment horizon.

Also, dividend-paying ASX shares can set you up with a handy additional stream of income along the way.

So, with that said, here are two of my current top picks for long-term growth.

Commonwealth Bank of Australia (ASX: CBA)

Our big 4 ASX banks have had a difficult few months.

There all have witnessed major share price decline due to the impact of lockdown restrictions caused by the coronavirus pandemic. 

However, the outlook of our big 4 banks appears a bit brighter, with restrictions now beginning to ease.

Commonwealth Bank is my pick of the big four retail ASX banks right now.

I prefer it to rivals: Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd. (ASX: NAB) and Australia and New Zealand Banking Group Ltd (ASX: ANZ). 

I believe the Commonwealth Bank share price was sold off a bit too harshly over the past few months.

It tumbled from $91.05 in mid-February to end below $60 earlier this week. However, its share price has regained a bit of ground over the past week.

I think the bank is well-positioned to deliver relatively solid long-term growth, driven by a recovering housing market, once lockdown restrictions are further eased.

This provides long-term investors with a good buying opportunity in my mind.

Telstra Corporation Ltd (ASX: TLS)

Australia’s largest telecommunication provider has witnessed strong demand for its services throughout the pandemic.

Both its mobile and fixed broadband offerings provide essential services to businesses and consumers. There’s been a sharp increase in usage with many Australians being forced to work from home.

Also, more people are keeping in touch with family and friends online, or increasing their usage of streaming media services like Netflix.

In a recent market update, Telstra revealed that it is on track to achieve most of the goals that form part of its T22 strategy. This includes reducing underlying fixed costs by $2.5 billion annually by the end of FY22.

Telstra also announced that it will increase its overall network capacity and accelerate the rollout of its 5G network.

I feel that Telstra was, to some degree, unfairly caught up in the wider market sell-off in recent months.

I believe that this now provides a good buying opportunity for ASX buyers with a long-term investment horizon.

More reading

• What to watch on the ASX 200 next week
• Beat low interest rates with these ASX dividend shares
• How to be an ASX 200 share millionaire in 15 years
• 2 ASX shares to buy for strong retirement income
• Westpac isn’t ruling out negative interest rates in Australia

Motley Fool contributor Phil Harpur owns shares of Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, Telstra Limited, and Westpac Banking. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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I generally prefer to invest in ASX growth shares rather than their dividend-paying cousins. As a long-term shareholder, ASX growth shares enable me to benefit from tax-free compounding over many years. With dividend shares, however, you are required to pay tax every time you receive a dividend. So even if those dividends are reinvested, this occurs using after-tax dollars.

With this in mind, below are 3 exciting ASX growth shares I believe to be buys next week.

Avita Medical Ltd (ASX: AVH)

Avita Medical develops and markets a range of respiratory and regenerative medical products. The first product Avita brought to market was a spray-on skin treatment used for burns victims named ‘Recell’. In addition to being TGA approved in Australia, Recell is FDA approved in the USA and CE-marked in Europe.

Avita recently released results for the March quarter, which were its strongest since launching in the US. This quarter saw its total revenue jump 67% over the prior corresponding period. This is boosted to an 84% revenue increase when the time frame is extended to the 9 month period ending 31 March 2020.

Avita has largely been insulated from the coronavirus-led economic fallout. This is predominantly because treatment for burns patients tends to be neither elective or deferrable. Furthermore, the company is looking to use the Recell system to treat vitiligo and has plans to submit an application to the FDA in June 2020.

Nearmap Ltd (ASX: NEA)

I can’t go past Nearmap when it come to ASX growth shares. The Aussie aerial imagery and data insights company has been consistently growing its subscriber base, particularly across its North American segment. It has also been steadily improving its average revenue per subscription. Furthermore, the company recently launched another new product with Nearmap AI.

On Tuesday this week, I wrote that I believed Nearmap’s shares were still a buy, despite having risen more than 100% over the past 2 months. Since then, they have jumped again following a positive market update. The update stated that the company’s churn had dropped and its annualised contract value (ACV) has continued to grow. Nearmap’s ACV now exceeds $102 million. Additionally the company advised it is on track to be cash flow breakeven by the end of June. No doubt, all this good news put some investors’ fears to rest. This resulted in Nearmap’s share price surging by a further 16.67% on Thursday. 

Despite the current price gains, I still see the potential for ongoing value with Nearmap shares. The world is a big place, and I believe Nearmap has plenty of runway to expand its current market segments and break into new ones.

Audinate Group Ltd (ASX: AD8)

My 3rd pick of ASX growth shares to buy next week is Audinate. This company develops an audio-visual, industry-leading, media networking solution, called Dante. A mouth-full, I know! But what Dante allows audio professionals to do is use standard Ethernet networks to deliver uncompressed, multi-channel, low-latency audio. This removes the need for expensive cabling and more rigid and complicated networks.

The solution’s wide-spread adoption by manufacturers has meant that more and more Dante devices are now able to be connected together. Additionally, a Dante network offers superior flexibility, with changes able to be made with the touch of a button.

As social distancing restrictions were implemented throughout the world, Audinate was wary of possible impacts to its revenue resulting from reduced demand. However, the company’s strong balance sheet and recent revenue growth have ensured its resilience through the worst of the pandemic’s economic fallout so far. As economies around the world begin to open up, I believe strong demand for Audinate’s product will deliver continued company and share price growth.

More reading

• Top brokers name 3 ASX shares to buy next week
• The Nearmap share price is up 123% in 2 months: Why I think it can go higher
• Brokers name 3 ASX 200 shares to buy right now
• 5 things to watch on the ASX 200 on Friday
• ASX 200 rises again, ASX banks push higher

Michael Tonon owns shares of Nearmap Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Avita Medical Limited. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO and Nearmap Ltd. The Motley Fool Australia has recommended Avita Medical Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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