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2 ASX dividend stocks I'm thinking about buying in February

I'm considering these shares for passive income. The post 2 ASX dividend stocks I'm thinking about buying in February appeared first on The Motley Fool Australia.

The article discusses two ASX-listed companies, Fortescue Metals Group (ASX: FMG) and Telstra Group (ASX: TLS), as potential dividend stock investments for February. Fortescue, an iron ore miner, has seen its share price drop due to lower iron ore prices, but it offers a high dividend yield of 8.3% and has a strong balance sheet with significant cash reserves. Despite potential volatility in commodity prices, Fortescue's financial health suggests it could continue paying substantial dividends. On the other hand, Telstra, Australia's leading telecommunications company, provides a more stable investment with a dividend yield of 4.7%. Telstra has been focusing on cost-cutting and expanding its infrastructure, which could lead to improved profitability. The company's recent performance indicates a positive outlook, supported by its essential service nature and efforts to enhance its mobile and broadband networks.

Read the Full MSN Article at:
https://www.msn.com/en-au/lifestyle/misc/2-asx-dividend-stocks-i-m-thinking-about-buying-in-february/ar-AA1yi4hq