There is a group of ASX dividend shares that I believe will make great long-term investments for both capital growth and passive income over the long-term.

I’m so optimistic about certain names that I’ve invested in them for my own portfolio, and I’m planning to buy more in the coming months and years.

In my view, the names below are two of the most compelling passive income stocks right now.

L1 Global Long Short Fund Ltd (ASX: GLS)

This business is a listed investment company (LIC) and it’s a recent addition to my portfolio. It’s similar to the L1 Long Short Fund Ltd (ASX: LSF), except it only invests in global shares, rather than a mixture of ASX shares and global shares.

The globally-focused business focuses on company-specific opportunities where valuation and earnings delivery can drive returns across a “range of potential macro environments”.

In its monthly update for July 2026, it noted that its median ‘long’ position is trading on a price/earnings (P/E) ratio of 10, supported by double-digit earnings per share (EPS) growth and modest debt levels.

As its name suggests, the LIC can also short businesses, which essentially means it can bet on certain names in the portfolio going down in value. Therefore, it can make investment returns whether the market goes up or down.

The ASX dividend share can give Australian investors exposure to a diversified portfolio, with investments (and short positions) across North America, Europe and the Asia Pacific regions.

L1 Group Ltd (ASX: L1G) only started managing this LIC in November 2025, but its portfolio’s net return has been 17.9% since then, outperforming the global share market by 6.6% in that time.

The global LIC has provided dividend guidance of at least 8 cents per share in FY27, with quarterly dividends of 2 cents per share. It has also stated an intention to pay sustainable and growing dividends over time.

Its guidance implies a guided grossed-up dividend yield of at least 5.4%, including franking credits, at the time of writing.

Rural Funds Group (ASX: RFF)

Rural Funds is the other ASX dividend share I want to talk about. It’s a real estate investment trust (REIT) that provides exposure to a portfolio of agricultural properties.

The business offers a diversified portfolio across cattle, almonds, macadamias, vineyards and cropping.

The FY26 result highlighted the strength of the REIT’s ability to deliver good passive income despite challenging conditions in relation to higher interest rates.

Rural Funds reported that FY26 net property increase grew 5.7% thanks to additional rental income on capital expenditure (primarily macadamia orchards) and indexation. Its rental contracts have income growth from fixed annual increases and inflation-linked increases.

It also reported that adjusted funds from operations (AFFO) – the net rental profit – rose by 1.7%, despite interest costs increasing significantly.

The business has announced a few asset sales, at a premium to the stated book value, which will decrease interest costs and put the balance sheet in a healthier position. It had adjusted net asset value (NAV) of $3.22 as of June 2026 (which was a 4.5% rise year over year) – that means, it’s trading at a 40% discount to the stated value.

It expects to pay a distribution per unit of 11.73 cents in FY27, which is a distribution yield of 6%.

The post 2 great ASX dividend share buys for passive income in September appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in L1 Global Long Short Fund Ltd, L1 Group, L1 Long Short Fund, and Rural Funds Group. 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 Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

While having recovered from their February one-year lows, Pro Medicus Ltd (ASX: PME) shares remain sharply lower over the past year.

On Monday afternoon, shares in the S&P/ASX 200 Index (ASX: XJO) health imaging company were trading for $170.11apiece. That sees the share price down a sharp 43.2% over 12 months, well behind the 1.9% gains posted by the benchmark index over this same period.

A lot of the pressure on Pro Medicus shares has come amid wider concerns that AI can potentially replace the services that many global Software as a Service (SaaS) companies provide.

You may have heard this called the ‘SaaSpocalypse’.

But following the big selldown, Medallion Financial Group’s Stuart Bromley believes Pro Medicus is now trading at “an attractive entry point” (courtesy of The Bull).

Here’s why.

Should I buy Pro Medicus shares today?

“Pro Medicus is a global leader in medical imaging software, with its Visage platform increasingly adopted by major US hospital networks,” Bromley said, citing the first reason he’s bullish on the ASX 200 healthcare stock.

As for the second reason you might want to buy Pro Medicus shares today, he said:

Revenue of $261.7 million in full year 2026 rose 22.9 per cent on the prior corresponding period. Underlying net profit after tax of $144.7 million was up 24.1 per cent. Revenue and underlying net profit exceeded expectations, while the underlying earnings before interest and tax margin reached an exceptional 74.9 per cent.

Then there’s the company’s solid revenue pipeline.

“It signed 10 new contacts worth $407 million in full year 2026. It renewed six contracts on five-year terms to the value of $141 million,” Bromley noted.

As for the fourth reason this ASX share is buy today, Bromley concluded, “Recent share price weakness provides an attractive entry point into a high-quality growth business.”

What’s the latest from the ASX 200 healthcare share?

Pro Medicus reported its FY 2026 results on 18 August.

Atop the strong financial results Bromley mentioned above, the company declared an all-time high final dividend of 37 cents per share, fully franked. It’s a bit too late to grab that record passive income payout, though. The stock traded ex-dividend yesterday.

Commenting on the company’s strong results on the day, Pro Medicus CEO Sam Hupert said:

We were aiming for 30% increases in EBIT and NPAT, and we exceeded both on a constant currency basis… Progress made in the cardiology market represents another important string to our bow. We see this trend continuing.

Pro Medicus shares closed up 11.9% on the day of the results release.

The post Down 43%! 4 reasons to buy the BIG dip in Pro Medicus shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Building passive income from ASX stocks does not always mean owning banks and miners.

There are plenty of other companies out there that can provide attractive dividends while giving investors exposure to different parts of the economy.

With that in mind, here are three ASX passive income stocks that could be worth considering if you have $50,000 to invest.

Accent Group Ltd (ASX: AX1)

Accent Group could be an interesting option for investors looking for a combination of income and growth.

It is one of Australia’s largest footwear and apparel retailers, with stores including The Athlete’s Foot, HypeDC, Platypus, Stylerunner, and Skechers.

Retail can be cyclical, but Accent has built a strong position by focusing on categories where consumers are often prepared to spend for brands they know and like.

It also has a large store network, growing online operations, and exposure to some of the world’s biggest footwear brands.

If consumer spending improves in the near term and Accent’s earnings rebound, there could be scope for dividends to increase meaningfully.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX passive income stock to look at is the HomeCo Daily Needs REIT. It could suit investors looking for a more defensive source of income.

HomeCo Daily Needs is a property company that owns neighbourhood retail, large-format retail, healthcare, and other assets linked to everyday spending.

Its tenants include supermarkets, pharmacies, childcare operators, healthcare providers, and other businesses that people continue using through different economic conditions. This can provide relatively dependable rental income.

I also like that the portfolio is focused on practical properties rather than relying heavily on offices or discretionary shopping centres.

Overall, this could make HomeCo Daily Needs REIT a solid option for investors wanting regular income from property.

Transurban Group (ASX: TCL)

Transurban is another ASX stock that could be well suited to passive income.

It owns and operates toll roads across Australia and North America, including important roads in Sydney, Melbourne, and Brisbane.

These are difficult assets to replicate. As cities grow and congestion increases, motorists can place significant value on roads that help them get around more quickly.

Transurban also benefits from toll increases built into many of its road concessions, which can help revenue grow over time and supports an attractive income profile for investors.

Another positive is the company has a long pipeline of infrastructure projects, which could allow cash flows and dividends to increase over the years.

For investors seeking passive income backed by large-scale infrastructure assets, Transurban could be worth a look.

The post 3 ASX passive income stocks to buy with $50,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Accent Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended Accent Group and HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.