Two ASX Dividend Stocks to Consider Instead of BHP
Owning BHP Group Ltd ( ASX: BHP ) shares is popular for passive income, but it's not the only ASX dividend stock that can provide a sizeable dividend yield. The ASX mining share generates strong cash flow and usually decides on a generous dividend payout ratio, but we don't want to put all of our investment eggs in one basket. It is worthwhile to own a variety of businesses that can offer strong dividends. We believe that BHP's commodity diversification, including iron ore, copper, and potash, is a strong foundation, but the two stocks below could be useful additions. Image Credit: Pexels Coles Group Ltd (ASX: COL) Coles Group Ltd (ASX: COL) is one of the largest supermarket businesses in Australia. The company's defensive earnings profile makes it a reliable choice for income diversification. Everyone needs to eat, and Coles' ability to produce steady earnings could provide a more consistent dividend profile compared to BHP shares. Investing for passive income req...