The 5 ASX dividend shares I'd buy with yields above 6%

Detailed summary

These ASX dividend shares have very attractive yields. I’d buy them today! The post The 5 ASX dividend shares I'd buy with yields above 6% appeared first on The Motley Fool…

I believe ASX dividend shares with high, sustainable dividend yields are incredibly attractive for passive income.

It's true that cash in the bank protects the capital, whether that's a savings account or a term deposit. Plus, these days term deposit rates are now firmly in the 5% range, offering stronger returns, whether that's from the largest providers like Commonwealth Bank of Australia (ASX: CBA) or smaller players like Judo Capital Holdings Ltd (ASX: JDO).

While it makes sense to protect money you'll need in the next couple of years or so, I believe ASX dividend shares are a better pick for long-term passive income.

A good ASX dividend share can provide investors with an excellent dividend yield, along with long-term growth in payments and capital.

Opening of the article, excerpted from The Motley Fool Australia. To read the rest, open the article on the publisher's site.