The Reserve Bank of Australia (RBA) recently cut the official interest rate down to 0.1%. In this article are some leading ASX dividend shares to buy for income.
These three ideas have been rated as buys by the Motley Fool Dividend Investor service.
Let’s get straight to it:
Propel Funeral Partners Ltd (ASX: PFP)
Propel is the second biggest funeral business in Australia and New Zealand. According to ABS stats, death volumes are expected to grow by 1.4% per annum between 2016 to 2025 and then increase by 2.2% per annum from 2025 to 2050.
The funeral business recently declared a fully franked full year dividend of 10 cents per share for FY20, which equates to a grossed-up dividend yield of 4.7% at the current Propel share…