Here are top 2 ASX dividend shares with great yields

A smiling woman with a handful of $100 notes, indicating strong dividend payments

A smiling woman with a handful of $100 notes, indicating strong dividend payments

If you are looking to boost your income with some dividend shares, then two listed below could be worth considering.

Both of these dividend shares are expected to provide investors with good yields in the near term. Here’s what you need to know about them:

National Storage REIT (ASX: NSR)

The first ASX dividend share for income investors to look at is National Storage.

It is a leading self-storage operator with a network of over 200 centres that provide tailored storage solutions to ~100,000 residential and commercial customers.

But management isn’t settling for that. It continues to develop and acquire centres in the highly fragmented industry. Combined with rental growth, this bodes well for its income and distributions over the coming years.

Ord Minnett is a fan of National Storage. Last week the broker reiterated its buy rating and lifted the price target on its shares to $2.70.

As for dividends, its analysts are now forecasting dividends per share of 10 cents in FY 2022 and 11 cents in FY 2023. Based on the current National Storage share price of $2.28, this equates to yields of 4.4% and 4.8%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that income investors might want to look at is Rural Funds.

It is an agricultural focused real estate investment trust (REIT) that owns 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, which are all leased to major industry players on long term contracts.

Together with periodic rental increases, this position Rural Funds perfectly for sustainable long term earnings growth.

In respect to dividends, the company plans to increase its dividend by its annual target rate of 4% again in FY 2022 and FY 2023. This will mean a dividend of 11.73 cents per share in FY 2022 and then 12.2 cents in FY 2023. Based on the current Rural Funds share price of $2.66, this represents yields of 4.4% and 4.6%, respectively.

The post Here are top 2 ASX dividend shares with great 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 has positions in and has recommended RURALFUNDS STAPLED. 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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