Well, 2019 is rapidly drawing to a close and I'm sure all ASX dividend investors are looking to the next decade and thinking about the types of companies we want to own in our portfolios for the future.
When I buy an ASX dividend share, I like to pick companies that are almost certainly going to be around in 10 years' time (at least) and bigger than they are today. It's a stress management/sleep technique, you see.
So here are 2 ASX shares that I would buy and hold until 2030 and beyond.
Coles Group Ltd (ASX: COL)
I'm fairly sure that 5G, the internet of things and whatever technological advances we dream up in the 2020s won't stop us from needing to eat and buy household essentials. I'm also fairly certain that a hefty portion of Australians will still be going to a Coles supermarket for those ends in 10 years' time.
Although Coles has only been a stand-alone ASX company for just over a year now, the company's management has impressed me with its 'Smarter Selling' cost-cutting strategy and its plans to improve and automate its supply chains. That should give the company plenty of spare room to increase its dividend yield over time while keeping prices low.
Telstra Corporation Ltd (ASX: TLS)
Another thing I expect to be alive and well in 2030 is demand for internet services. Telstra is the largest telco in Australia (by far) and also the most popular choice for both fixed-line and mobile internet. The company is already investing heavily in the next generation 5G mobile internet technology and stands to be the biggest winner if and when 5G takes off.
The NBN has been bedevilling Telstra's balance sheet for a few years now and has undermined the company's dividends in recent years. But I think by the time 2030 rolls around, those woes will be a distant memory and Telstra will be a far more profitable company than it is today. In the meantime, there's always Telstra's still-impressive 4.4% dividend yield to keep you company.
Foolish takeaway
I think both of these ASX dividend-paying companies would make rock-solid investments for the next decade and beyond. Looking at companies that provide 'needs' not 'wants' is a great way to pick dividend shares – and both Telstra and Coles fit the bill nicely in my view.
