Experts name 2 ASX dividend shares to buy with great yields

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 rated as buys and 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 ASX dividend share to look at is National Storage. It is a leading self-storage operator with a portfolio of over 225 centres. From these centres, the company provides tailored storage solutions to over 90,000 residential and commercial customers.

The good news is that management still sees plenty of room to expand its 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 National Storage’s income and distribution growth over the long term.

Ord Minnett is positive on the company and has a buy rating and $2.70 price target on its shares.

In respect to dividends, it is forecasting dividends per share of 11 cents in both FY 2023 and FY 2024. Based on the current National Storage share price of $2.39, this equates to yields of ~4.6%.

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 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) on long term agreements.

Bell Potter is a fan of the company and recently upgraded its shares to a buy rating with a $2.75 price target.

As for dividends, the broker is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.7 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.441, this represents yields of 4.8% and 5.2%, respectively.

The post Experts name 2 ASX dividend shares to buy with great yields appeared first on The Motley Fool Australia.

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More reading

• Don’t miss out on these buy-rated ASX dividend shares: analysts
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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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