If you’re looking to boost your income with some dividend shares, then you might want to consider the ones listed below.
Both dividend shares are expected to provide investors with attractive yields in the near term. Here’s what you need to know about them:
BWP Trust (ASX: BWP)
The first ASX dividend share to look at is this commercial property company. BWP has a focus on warehouses, with vast majority of its properties leased to Bunnings Warehouse. In fact, the company is the largest owner of the hardware giant’s properties.
BWP has been a positive performer during the pandemic thanks largely to the strength of the Bunnings business. The retailer’s strong performance has allowed BWP to collect rent largely as normal and underpinned a notable increase in the value of its properties.
In FY 2021, BWP paid an 18.29 cents per unit distribution. Management advised that it plans to pay a similar distribution in FY 2022. Based on the current BWP share price of $4.14, this will mean a 4.4% dividend yield.
Rural Funds Group (ASX: RFF)
Another ASX dividend share to look at is this agricultural real estate investment trust (REIT).
Rural Funds owns a diversified portfolio of Australian agricultural assets which are leased to large industry players including Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE).
The company has also just added to its portfolio through the acquisition of a number of cattle and cropping properties in Queensland. Management notes that these are consistent with its strategy of acquiring assets with potential for productivity improvements, in agricultural sectors in which it has operating experience and Australia has a comparative advantage.
In FY 2022, the company intends to increase its dividend by its annual target rate of 4% to 11.73 cents per share. Based on the current Rural Funds share price of $2.90, this represents a yield of 4%.
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Motley Fool contributor James Mickleboro 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 owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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