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As of 2024, the share price of Washington H. Soul Pattinson, an ASX blue chip stock, has risen by 4.0%, while BHP Group Ltd is trading 20.8% below its 52-week high. This article explores why both SOL and BHP could be noteworthy additions to an ASX investment watchlist.
Washington H. Soul Pattinson (ASX:SOL)
Founded in 1903, Washington H. Soul Pattinson, often referred to as WHSP, is one of Australia's oldest publicly listed companies. It operates as an investment company with a diverse portfolio spanning various industries and asset classes. Notable holdings include stakes in TPG Telecom (ASX:TPG), New Hope Group (ASX:NHC), and a cross-shareholding in Brickworks (ASX:BKW).
WHSP aims to deliver consistent returns to its shareholders by focusing on capital growth and steadily increasing dividends. The company has a remarkable track record, having never missed a dividend payment since its listing. As a family-run investment company, it has a strong commitment to benefiting all shareholders.
Currently, the dividend yield for SOL shares stands at approximately 2.54%, slightly above its five-year average of 2.52%. This reflects a stable income for investors, with SOL shares trading above their historical average dividend yield.
BHP Group Ltd (ASX:BHP)
BHP Group Ltd, originally founded as BHP Billiton in 1885, is a major player in the natural resources sector. The company engages in the exploration and production of commodities used in energy and manufacturing, including copper, iron ore, coal, and increasingly, fertilizers.
BHP’s operations are divided into three main areas: copper and related minerals (such as gold and zinc), iron ore, and coal. The company is known for its robust dividend payments, making its shares a common feature in many ASX portfolios and investment funds.
Despite BHP shares currently being 20.8% off their 52-week high, they continue to be a reliable dividend stock. Investors in popular ETFs or industry super funds are likely to have exposure to BHP, reflecting its significance in the Australian market.
Investment Considerations
Both Washington H. Soul Pattinson and BHP Group offer unique investment propositions. WHSP's long-standing commitment to dividend payments and diversified asset portfolio make it a notable investment for those seeking stable returns. Meanwhile, BHP's extensive operations in the natural resources sector and consistent dividend payouts continue to make it a valuable component of many investment portfolios.
For those tracking ASX stocks, SOL and BHP present interesting opportunities, each with their own strengths and historical performance.
