Looking for regular passive income? Here are 3 ASX dividend shares that pay quarterly

With interest rates and inflation nibbling away at our savings, ASX dividend shares paying quarterly distributions can deliver some welcome, regular passive income.

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Key points

  • GQG Partners trades on a trailing yield of 7.9%, unfranked
  • Rural Funds Group trades on a trailing yield of 6.1%, partly franked
  • Arena REIT trades on a trailing yield of 4.5%, unfranked

Looking for regular passive income?

Some ASX dividend shares pay out once per year while others make both an interim and final dividend payment.

But if you'd like to bank that passive income not just once or twice a year, but every three months, you might want to run your slide rule over these three ASX dividend shares.

Three ASX dividend shares for quarterly passive income payments

Up first we have GQG Partners Inc (ASX: GQG).

With a market cap of $4.3 billion, the United States-based fund manager is one of the largest fund managers on the ASX.

GQG trades on a trailing yield of 7.9%, unfranked.

And if you'd like the latest quarterly payout, there's still time. The company's quarterly dividend of 2 US cents per share will be paid on 28 June. To grab that payout, you'll need to own shares at market close this Thursday, 18 May. GQG shares trade ex-dividend on Friday.

Atop the quarterly dividend payments, the GQG Partners share price is up 4.5% over the past year.

The second ASX dividend share that provides a quarterly passive income stream is Rural Funds Group (ASX: RFF).

The real estate investment trust (REIT) holds and leases agricultural land and equipment.

Despite some share price weakness over the past year, with the fund impacted by higher interest rates, Rural Funds has continued to maintain or increase its quarterly dividend payouts for many years running.

The REIT trades on a trailing yield of 6.1%, franked at around 9%. The last payout of 2.9 cents per share landed in investors' bank accounts on 28 April.

Which brings us to the third ASX dividend share that pays out quarterly passive income. Namely, Arena REIT (ASX: ARF).

The REIT owns, manages and develops specialised real estate assets across Australia, with a focus on childcare and healthcare centres.

Passive income investors will have received Arena's last dividend payout of 4.2 cents per share on 4 May.

Arena trades on a trailing yield of 4.5%, unfranked. The Arena share price is down 13% over the past 12 months, but in the green so far in 2023.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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