If you’re looking to add some dividend shares to your portfolio in June, then the three listed below could be great options.
Here’s why I think they are among the best on offer right now:
BWP Trust (ASX: BWP)
BWP is a real estate investment trust that invests in and manages commercial assets. These assets tend to be large format retail properties, which are predominantly leased to home improvement giant, Bunnings Warehouse. At the end of the first half of FY 2020, its weighted average lease expiry (WALE) stood at 4.3 years. While this isn’t the longest WALE you’ll find on the ASX, I don’t think there is any real danger of Bunnings packing up and moving to other properties. This is because Bunnings is owned by Wesfarmers Ltd (ASX: WES), which also own a ~23.6% stake in BWP. In light of this, I expect modest and predictable rental income growth over the next decade. Based on this, I estimate that its units offer a forward 5% yield.
Dicker Data Ltd (ASX: DDR)
Another dividend share to consider buying in June is Dicker Data. It is a wholesale distributor of computer hardware and software which has consistently grown its earnings and dividends at a solid rate for many years now. The good news is that this positive trend has continued in 2020 despite the pandemic. The company recently released a first quarter update which revealed very strong profit growth. As a result, management advised that it plans to lift its full year dividend by 31% to 35.5 cents per share. This represents a 4.55% fully franked dividend yield.
Telstra Corporation Ltd (ASX: TLS)
A third option to consider buying in June is Telstra. I think the telco giant’s shares are very attractively priced at present for a patient investment. Especially as I believe Telstra is well-positioned for a return to growth in the coming years thanks to the T22 strategy and the easing of the NBN headwind. In the meantime, as I covered here, I believe its dividend is sustainable at 16 cents per share for the foreseeable future. This equates to a fully franked 5% dividend yield.
NEW: Expert names top dividend stock for 2020 (free report)
When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*
Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.
This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.
The name of this dividend dynamo and the full investment case is revealed in this brand new free report.
But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.
More reading
- Leading brokers name 3 ASX 200 shares to sell today
- The ASX 200 just hit an 11-week high. Here are 3 reasons we might be in overvalued territory
- What ASX investors can do before 30 June to save tax
- Leading brokers name 3 ASX 200 shares to buy right now
- ASX 200 up 1.7%: Flight Centre and Webjet rocket, Afterpay hits record high
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited and Telstra Limited. The Motley Fool Australia owns shares of Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post 3 top ASX dividend shares to buy in June appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/3c6XAbL
Leave a Reply