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Top ASX dividend shares to buy in March

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As we head into the cooler autumn months, we asked our Foolish contributors to compile a list of ASX dividend shares experts reckon are worth considering in March. Here is what the team came up with.

Tristan Harrison: Brickworks Limited (ASX: BKW) 

Brickworks is a building products business with a trailing grossed-up dividend yield of 4.1%.  

The company funds its dividend – which hasn’t been cut for more than 40 years — from the growing cash flow of its investments division and a 50% stake of the industrial property trust.  

The trust builds industrial properties on excess Brickworks land. It just completed a huge warehouse in Sydney for Amazon. It’s also building several other large distribution warehouses for other businesses, including major supermarkets.  

Pre-committed developments completed over the next two years will add $50 million of gross rent and increase leased assets by $1.2 billion.  

Motley Fool contributor Tristan Harrison does not own shares of Brickworks. 

Mitchell Lawler: Infomedia Limited (ASX: IFM)

Infomedia could be considered a little-known software-as-a-service (SaaS) company operating in the automotive industry. Its primary order of business is providing a leading online Electronic Parts Catalogue – connecting automotive dealers with up-to-date part manufacturing data. 

While many tech companies have been sold off in recent months – including Infomedia (down ~23%) – due to the market going risk-off, this business remains profitable and debt-free. 

Additionally, Infomedia announced the appointment of its new CEO last week following the resignation of its former CEO in October last year.

For the income investor, this company touts a dividend yield of approximately 3.5% with 70% franking.

Motley Fool contributor Mitchell Lawler does not own shares in Infomedia Ltd.

James Mickleboro: Charter Hall Social Infrastructure REIT (ASX: CQE)

Charter Hall Social Infrastructure REIT is the largest Australian ASX-listed real estate investment trust that invests in social infrastructure properties. These are properties such as emergency command centres, pathology facilities, childcare centres, and council buildings.

At the last count, the company owned 364 properties and boasted a 100% occupancy and a massive 14.6-year weighted average lease expiry.

Goldman Sachs is very positive on its future and has a conviction buy rating and $4.20 price target on its shares. Its analysts stated: “We continue to believe the REIT is positioned for a solid growth outlook given the sector’s positive fundamentals and CQE’s strong balance sheet, with headroom and liquidity to pursue accretive investment opportunities.”

As for dividends, the broker is forecasting dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on the current Charter Hall Social Infrastructure share price of $3.99 at Monday’s close, this implies yields of 4.3% and 4.6%, respectively.

Motley Fool contributor James Mickleboro does not own shares of Charter Hall Social Infrastructure REIT.

Sebastian Bowen: iShares Global Consumer Staples ETF (ASX: IXI)

This ETF invests in a global basket of consumer staples shares. It has holdings from a range of regions, but mostly from the United States.

Consumer staples companies typically manufacture goods that are deemed as food, drinks, or household essentials. Although this ETF has a seemingly bland trailing yield of roughly 2.1%, it holds many companies that are dividend aristocrats, such as Coca-Cola CompanyPepsiCo and Walmart.

A dividend aristocrat is a company that has raised its dividend payments every year for at least 25 years. Additionally, consumer staples, due to their defensive ‘needs-based’ nature, can help to add stability to a portfolio.

Motley Fool contributor Sebastian Bowen does not own shares of the iShares Global Consumer Staples ETF, but owns Coca-Cola, PepsiCo and Walmart.

Aaron Teboneras: Dicker Data Ltd (ASX: DDR) 

Dicker Data is an Australian distributor of computer hardware, software, and related products. Its vendor partners include many of the world’s leading IT names. 

In its FY21 financial scorecard, the company reported double-digit growth for both total revenue and profit after tax. It also expanded its active service base with more than 8,200 reseller partners. 

As a result, the board opted to increase its quarterly dividend to 15 cents per share. This represented a 66.6% increase from the 9 cents declared in the previous period. 

The company noted that it intends to maintain its dividend policy and to continue paying interim dividends in quarterly instalments. 

Over the past 12 months, Dicker Data has delivered dividends totalling 42 cents, up 27.3% on FY20. 

Furthermore, the Dicker Data share price has accelerated 25% since this time last year. 

Motley Fool contributor Aaron Teboneras owns shares of Dicker Data Ltd. 

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