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:
National Storage REIT (ASX: NSR)
The first dividend share to look at is National Storage. It is a leading self-storage operator with a portfolio of over 200 centres. From these centres, the company provides tailored storage solutions to around 100,000 residential and commercial customers.
The good news is that management still sees plenty of room to grow its storage network in the future. It notes that the self storage industry remains highly fragmented, giving it plenty of high-quality acquisition opportunities. This bodes well for its income and distribution growth over the long term.
As for now, in FY 2022, management is guiding to ~10% underlying earnings per share growth. If it grows its distribution in line with its earnings, it would mean a distribution of 9.02 cents per share. Based on the current National Storage share price of $2.67, this would equate to a yield of 3.4%.
Rural Funds Group (ASX: RFF)
Another ASX dividend share for income investors to look at is this agricultural focused real estate investment trust (REIT).
Rural Funds has a high quality portfolio of assets across a range of agricultural industries. These include almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.
These properties are leased on long term agreements to major players in the industry such as Australia’s largest meat processor, JBS Australia, wine giant Treasury Wine Estates Ltd (ASX: TWE), and leading almond producer Select Harvests Limited (ASX: SHV). Combined with built in periodic rental rental increases, this provides Rural Funds with great visibility on its future earnings.
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 $2.96, this represents a yield of 4%.
The post Here are 2 ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.
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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 and has recommended RURALFUNDS STAPLED. 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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