As the ASX indexes sink, these unique dividend shares are making investors money

Australian sharemarkets have slumped over the past month amid geopolitical uncertainty and interest rate fears, prompting investors to pull back from most sectors. Now, many are turning their focus to ASX dividend shares.

At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has ticked 1.9% higher this week off the back of renewed confidence, but over the month, it’s still down 6.7%, and down 2.4% for the year to date.

Despite the decline, there are two more unusual ASX 200 dividend shares that are still making money.

National Storage REIT (ASX: NSR)

National Storage REIT is the largest self-storage provider in Australia and New Zealand. It’s unique because it is the only ASX-listed entity focused purely on storage. 

The majority of its 230-plus self-owned storage facilities are mostly located on city fringes, suburban, and regional areas. They are owned and operated, but they also have long-term leaseholds.

The company offers self-storage, business storage, climate-controlled wine storage, vehicle storage, and other value-added services such as vehicle and trailer hire, packaging, and insurance.

As a storage business, the company is generally resilient to market pressures. Its share price has remained stable over the past month, unlike many other companies in the ASX 200 Index. At the time of writing, the shares are changing hands at $2.78 each. That’s a 0.2% increase over the past month, a 1.46% increase for the year to date, and a 25.8% hike from the share price this time last year.

The ASX company has a history of paying reliable half-year dividends to its investors, too. Its most recent interim dividend, paid in February, paid investors 6 cents per share, fully franked. At the time of writing, this translates to a trailing dividend yield of 4.2%.

Viva Energy Group Ltd (ASX: VEA)

Viva Energy Group is Australia’s second-largest vertically integrated refined transport fuel supplier. The company makes, imports, blends, and delivers about one quarter of Australia’s fuel requirements. It also supplies lubricants, solvents, and bitumen. 

The ASX stock is unusual because, as a fuel refiner and retailer, it has exposure to both the infrastructure and energy sectors.

Recent fuel supply pressures have created a strong tailwind for the business, and its share price has soared higher. At the time of writing, the shares are changing hands at $2.36. That’s a huge 35.6% uplift over the past month alone. The share price has also risen 13.4% over the year to date and 33.2% from this time last year.

Viva Energy has paid half-yearly dividends to its shareholders since 2022. The company is due to pay its investors a final dividend of 3.94 cents per share, fully franked, next week. For the full year, the company has paid a total dividend of 6.77 cents per share, which equates to a dividend yield of around 2.9% at the time of writing. 

The post As the ASX indexes sink, these unique dividend shares are making investors money appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.