If you’re wanting to add a few dividend shares to your portfolio, then you may want to check out the ones listed below.
Here’s why these ASX dividend shares come be worth a closer look:
BWP Trust (ASX: BWP)
BWP is a real estate investment trust with a focus on commercial properties. These properties are predominantly warehouses that are leased to hardware giant Bunnings Warehouse. In fact, BWP is the largest owner of Bunnings Warehouse properties, with a total of 68 properties in its portfolio.
This focus has proven to be highly successful for BWP during the pandemic. Thanks to the strong performance of Bunnings, BWP has been able to collect rent largely as normal. This led to BWP reporting a decent 6% increase in first half profit to $144 million.
In light of its solid form, BWP intends to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this represents a generous 4.5% dividend yield for income investors.
Wesfarmers Ltd (ASX: WES)
Another quality option for income investors to consider is Wesfarmers. It is of course the owner of the aforementioned Bunnings business. It also owns a sizeable stake in BWP.
While Bunnings was the star performer for Wesfarmers during the first half of FY 2021, its other businesses also performed very positively. Combined, this underpinned a 16.6% increase in revenue to $17,774 million and a 25.5% increase in net profit after tax to $1,414 million.
One broker that believes Wesfarmers is well-placed to continue its positive form is Goldman Sachs. It currently has a buy rating and $59.70 price target on its shares.
The broker is also forecasting a fully franked dividend of $1.88 per share in FY 2021 . Based on the latest Wesfarmers share price, this equates to an attractive 3.4% yield.
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Returns As of 15th February 2021
More reading
- Is Wesfarmers (ASX:WBC) a great blue chip share buy?
- ASX 200 Weekly Wrap: ASX sees 7,000 points once more
- 2 blue chip ASX dividend shares to buy
- 2 ASX dividend shares with generous yields to buy now
- How are these ASX 200 retail shares tracking after JobKeeper’s end?
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers 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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