How did the Woolworths Group Ltd (ASX: WOW) share price perform over the first quarter of the 2022 financial year? As you probably know, we run on a ‘July to June’ financial year here in Australia. That means the first 3-month quarter of the financial year runs from 1 July to 30 September.

Well, that’s the quarter we’ve officially just finished up with. So how did Woolworths go?

Woolworths share price has strong start to FY22

Well, let’s first start off with the broader S&P/ASX 200 Index (ASX: XJO). It turns out that the ASX 200 had a pretty uneventful quarter, just going on the numbers. It started the financial year at 7,313 points, and finished up at 7,332.2 points on Thursday. That puts its quarterly performance at a gain of 0.26%. Not terrible, but nothing to write home about, one could say.

So let’s get to the Woolworths share price. Woolies started the financial year at a share price of $38.13. On Thursday, Woolworths shares closed at $39.13, up exactly $1 as it turns out. That puts the company’s quarterly performance at 2.62%, a lot healthier than the ASX 200.

It’s the first full quarter Woolworths has had since the supermarket giant spun out its drinks and liquor division as Endeavour Group Ltd (ASX: EDV) in late June. This would have helped pad out the returns of any Woolworths shareholders who have owned the company since before the spin-off. That’s because Endeavour shares have fared even better than Woolworths over the quarter just gone, rising by almost 11%.

Woolworths delivered its well-received FY21 earnings report during the quarter, back in August to be specific. Back on 26 August, the company announced sales growth of 5.7% to $67.28 billion and an increase in earnings before interest and tax of 13.7% to $3.66 billion.

Woolies also flagged a dividend increase for the company’s final dividend for FY21, which will come in at 55 cents per share. Investors will receive this payout on 8 October. In addition, Woolworths announced a $2 billion off-market share buyback program, which was also well-received from investors at the time.

The post What happened for the Woolworths (ASX:WOW) share price in the FY22 first quarter? appeared first on The Motley Fool Australia.

More reading

• Woolworths (ASX:WOW) share price struggles amid staff shortages
• Woolworths (ASX:WOW) share price lower after raising $700 million
• Woolworths (ASX:WOW) share price slumps this week despite Everyday Market launch
• Woolworths (ASX:WOW) and Coles (ASX:COL) could face a margin shock
• How do you value the Woolworths (ASX:WOW) share price?

Motley Fool contributor Sebastian Bowen 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 Bruce Jackson.

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Welcome to October! While many investors will be hoping that the month of Halloween will turn out better for the ASX 200 than what September brought us, it’s still worth taking a look back and seeing which ASX shares performed the best. So today, we’ll be chacking out how some of the ASX’s hottest stocks – buy now, pay later (BNPL) shares – went over the month just gone.

How did Afterpay and Zip shares perform during September?

Well, let’s start off with a bang and check out the BNPL pioneer most of us know the best, Afterpay Ltd (ASX: APT). So Afterpay began September at roughly $134.59 a share. Last Thursday, it finished up at $120.55 a share. That’s a month-on-month fall of 10.4%.

Keep in mind that since Afterpay announced that it is to be acquired by the US payments giant Square Inc (NYSE: SQ) in an all-scrip deal, the Afterpay share price has been married to that of its suitor.

What about Zip Co Ltd (ASX: Z1P), Afterpay’s closest ASX rival by market capitalisation? Zip shares started September at $6.83 each. Last week, they finished up on Thursday at $7.02. That puts Zip in the green for September, with a rise of 2.78%.

What about the other ASX BNPL shares?

Another BNPL share on the ASX boards is Openpay Group Ltd (ASX: OPY) Openpay had a month more similar to Afterpay’s than Zip’s. It began the month at $1.34 a share and finished up at $1.33. That’s a fall of 0.75%.

Another BNPL share that fared a little worse than that was Humm Group Ltd (ASX: HUM). Humm shares were trading at 96 cents apiece at the start of last month. However, this company concluded September at a price of 84 cents a share. That’s a drop of 12.5%.

Laybuy Holdings Ltd (ASX: LBY) is one of the ASX’s newer payments shares. But alas, shareholders didn’t get much of a better story with this company either. Laybuy went from 55 cents a share to 52 cents over September, a drop of 5.45%.

Faring similarly was Spilitit Ltd (ASX: SPT). Splitit fell from its start-of-September price of 45 cents a share to end the month at 42 cents. That’s also a fall of 5.45%.

And our final ASX BNPL share to examine today is the US-domiciled Sezzle Inc (ASX: SZL). Unfortunately for Sezzle investors, this company has seemingly performed the worst out of all BNPL shares over September. It started the month at a price of $6.60 a share, but ended up at $5.77 by the end of Thursday’s trading day last week. That’s a fall of 12.57%.

So it seems Zip was the best performing ASX BNPL share over September, with Sezzle bringing up the rear. With this infamously volatile sector, who knows what October will bring!

The post These were the best performing ASX BNPL shares in September appeared first on The Motley Fool Australia.

More reading

• What happened for the Zip (ASX:Z1P) share price in September?
• These were the worst performing ASX 200 shares last week
• The Sezzle (ASX:SZL) share price tumbled 13% in September. Is it a buy?
• The best day in 10 months, and Zip’s Microsoft deal. Scott Phillips on Nine’s Late News
• ASX 200 (ASX:XJO) midday update: Zip shares rise on Microsoft deal, big four banks rebound

Motley Fool contributor Sebastian Bowen owns shares of Square. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Square, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group 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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The Webjet Limited (ASX: WEB) share price showed promised in the September quarter, rallying 29% to an 18-month high of $6.34.

Webjet shares have largely been range bound since November last year, struggling to break above $6.30 but finding plenty of buying support around the $4.50 level.

Webjet share price rallies on travel optimism

A return to normal for the travel industry is on the horizon headlined by announcements coming out of the United States and more recently, Australia.

Earlier this month, the White House announced that it will reopen its borders in November to vaccinated air travellers from 33 countries including China, India, Brazil and most of Europe.

Unfortunately, Australia did not make it to that list.

Nonetheless, Prime Minister Scott Morrison announced this afternoon that “Australia is ready to take its next steps to safely reopen to the world, with changes coming to the international border.”

The Government’s intention is that once changes are made in November, the current overseas travel restrictions related to COVID-19 will be removed and Australians will be able to travel subject to any other travel advice and limits, as long as they are fully vaccinated and those countries’ border settings allow.

A preemptive move for travel shares?

In some ways, the Webjet share price and broader ASX-listed travel sector have moved ahead of any material changes for international travel.

Looking at Sydney Airport (ASX: SYD) and its latest airport traffic figures, total passenger traffic in August 2021 was 51,000 passengers, down 98.6% against the corresponding period in 2019.

The rising optimism also follows a record 1,438 new local COVID-19 cases in Victoria on Thursday.

Foolish Takeaway

Ignoring the ifs and buts, the Webjet share price made an encouraging push towards the upper bound of its range in the September quarter.

It’s now trading at the same levels as early March 2020, when the broader market began to collapse following the initial outbreak of COVID-19.

With November just a month away, investors might have to wait and see if these opportunistic plans for travel can materialise.

The post Here’s why the Webjet (ASX:WEB) share price gained 29% last quarter appeared first on The Motley Fool Australia.

More reading

• Why the Webjet (ASX:WEB) share price is on the rise today
• 2 ASX shares that could be buys in October 2021
• Why this top broker rates the Webjet (ASX:WEB) share price a buy
• 5 things to watch on the ASX 200 on Wednesday
• Oil at a 3 year high and travel stocks soar. Scott Phillips on Nine’s Late News

Motley Fool contributor Kerry Sun 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 owns shares of and has recommended Webjet Ltd. 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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Are you looking for income options for your portfolio in October? If you are, then you might want to consider the ASX shares listed below.

Here’s why they could top options for income investors:

Commonwealth Bank of Australia (ASX: CBA)

The first ASX dividend share to consider is this banking giant.

Although a recent pullback in the bank’s shares is disappointing for shareholders, it could be an opportunity for non-shareholders to buy a piece of Australia’s strongest bank.

Bell Potter certainly appears to believe this is the case. The broker currently has a buy rating and $118.00 price target on its shares.

The broker is also forecasting fully franked dividends per share of $4.06 in FY 2022 and $4.27 in FY 2023. Based on the current CBA share price of $100.08, this will mean yields of 4% and 4.25%, respectively.

DEXUS Property Group (ASX: DXS)

Another ASX dividend share to look at is Dexus. It is an Australian real estate company focused on owning, managing, and developing office, industrial, and retail properties.

DEXUS has just strengthened its exposure to the attractive Industrial side of the market with a $1.5 billion acquisition of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post. All in all, they bring DEXUS’ industrial portfolio to $11.3 billion in value and 4.6 million square metres in size.

Morgan Stanley was pleased with the deal. In response it retained its overweight rating and $11.95 price target on the company’s shares.

As for dividends, the broker has pencilled in dividends per share of 53 cents in FY 2022 and 55.5 cents in FY 2023. Based on the current DEXUS share price of $10.45, this will mean 5.1% and 5.3% yields, respectively.

The post CBA (ASX:CBA) and this dividend share have been named as buys appeared first on The Motley Fool Australia.

More reading

• How does the Westpac (ASX:WBC) dividend compare to the banking sector?
• Here’s what happened to the CBA (ASX:CBA) share price in September
• These were the best performing ASX bank shares in September
• Why CBA, Mount Gibson, Pilbara Minerals, & Virgin Money shares are dropping
• Why the CBA (ASX:CBA) share price is down 4% today

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 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 Bruce Jackson.

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On Friday the S&P/ASX 200 Index (ASX: XJO) finished a poor week on a disappointing note. The benchmark index fell to 2% to 7,185.5 points.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to bounce back on Monday. According to the latest SPI futures, the ASX 200 is expected to open the day 52 points or 0.7% higher this morning. This follows a strong end to the week on Wall Street, which saw the Dow Jones rise 1.4%, the S&P 500 climb 1.15%, and the Nasdaq trade 0.8% higher.

Public holidays

Trading volumes on the ASX 200 are expected to be much lower today due to much of Australia being off work for public holidays. For several Australian states, today is Labour Day. And for Queensland, it is observing the Queen’s Birthday today.

Oil prices rise

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a solid start to the week after oil prices pushed higher on Friday night. According to Bloomberg, the WTI crude oil price is up 1.1% to US$75.88 a barrel and the Brent crude oil price has risen 1.2% to US$79.28 a barrel. Prices rose 2.5% and 1.5%, respectively, over the five days.

Gold price edges higher

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price edged higher on Friday night. According to CNBC, the spot gold price rose 0.1% to US$1,758.40 an ounce. A softer US dollar boosted the precious metal and helped it record a small weekly gain.

ANZ shares named as buys

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price could be heading higher from here according to the team at Bell Potter. According to a note, the broker has retained its buy rating and $31.00 price target on the banking giant’s shares. Bell Potter is expecting a solid full year result later this month.

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

More reading

• How does the Westpac (ASX:WBC) dividend compare to the banking sector?
• Top brokers name 3 ASX shares to sell next week
• These were the best performing ASX bank shares in September
• The Woodside Petroleum (ASX:WPL) share price is a buy – broker
• These were the worst performing ASX 200 shares last week

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 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 Bruce Jackson.

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There are a lot of growth shares for investors to choose from on the Australian share market.

To narrow things down, I have picked out three ASX growth shares that are highly rated. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to take a look at is Altium. Its printed circuit board (PCB) design platforms are used in the design process of products in a range of industries such as the automotive, aerospace, consumer electronics and medical devices industries. While COVID-19 has softened demand for its offering, it appears well-placed to bounce back in a post-pandemic world. This is thanks to industry tailwinds, such as the Internet of Things and artificial intelligence booms, which are underpinning the proliferation of electronic devices globally.

One leading broker that is positive on the company is Citi. It currently has a buy rating and $35.40 price target on its shares.

Kogan.com Ltd (ASX: KGN)

Another ASX growth share to look at is this growing ecommerce company. It has been benefitting greatly from the shift to online shopping over the last few years. Especially given its strong market position, growing private label business, and well-known brand. In addition, the company has made a number of acquisitions to strengthen its offering. This includes the acquisition of fellow online retailer Mighty Ape for $122 million last year. And while the company is going through a difficult spot as tailwinds ease and inventory builds up, this appears to be more than reflected in its recent share price performance.

Credit Suisse remains positive on Kogan. Its analysts currently have an outperform rating and $14.06 price target on its shares.

Pushpay Holdings Group Ltd (ASX: PPH)

A final growth share to look at is Pushpay. It is a leading donor management and community engagement platform provider for the faith sector. It has been a strong performer during the pandemic thanks partly to the shift to a cashless society, its high quality platform, and the accelerating digitisation of the church. It was because of the latter that Pushpay recently announced the US$150 million acquisition of Resi Media. This deal is expected to help Pushpay capture the shift toward more remote sermons and video streaming in the wake of the pandemic. Overall, this appears to have left Pushpay well-placed to continue its strong growth over the 2020s.

The team at Jarden are positive on the company’s outlook. The broker currently has a buy rating and NZ$2.10 (A$2.00) price target on its shares.

The post 3 fantastic ASX growth shares to buy in October appeared first on The Motley Fool Australia.

More reading

• How have the WAAAX shares performed so far this year?
• ASX 200 tech correction? 5 of the worst-hit shares
• Why ASX tech shares are crashing on Wednesday
• 2 beaten-up ASX shares that could be buys in October 2021
• 2 founder-led ASX shares to buy now

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. owns shares of and has recommended Altium, Kogan.com ltd, and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Altium, Kogan.com ltd, and PUSHPAY FPO NZX. 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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The Rio Tinto Limited (ASX: RIO) share price fell by more than 10% in September 2021.

What could be a reason for the decline?

Commodity prices

A resource business is heavily reliant on the price of the commodity for how much profit it’s able to make.

It costs a business a certain amount of money to extract a tonne of material. The production expenses per tonne cost that amount whether the commodity price is US$50 per tonne or US$250 per tonne.

When prices go up, most of that extra revenue turns into profit for the company. But the same is true when prices fall, that extra profit disappears.

Rio Tinto is one of the largest iron ore miners in the world. A big part of its profit comes from the iron ore division. Lower iron ore prices are likely to come with lower profits.

In September 2021, the iron ore price fell below US$100 per tonne.

Just a few months ago it was well north of US$200.

Evergrande

The Rio Tinto share price went lower in the second half of the month as commentary increased about the potential problems with Evergrande.

Evergrande is a Chinese real estate business that was facing debt problems with its balance sheet, making debt repayments and continuing to make progress on its building projects. It’s actually one of the bigger/biggest businesses in the world when it comes to revenue.

As a huge property developer, it is also one of the biggest users of steel (and therefore iron ore). A deterioration of the Evergrande business, or even a bankruptcy, could mean less demand for iron ore.

Rio Tinto’s recent profit result

The resources giant acknowledged that higher commodity prices were the main driver of its FY21 result. In the first half of the 2021 financial year, it achieved an average iron ore price of $154.9 per wet metric tonne, equating to a $168.4 per dry metric tonne.

Rio Tinto’s iron ore division saw underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rise 109% to US$16 billion, net operating cashflow went up 102% to US$11 billion and underlying earnings surged 124% to US$10.2 billion.

When looking at the overall earnings, it is clear how much iron ore generates of the bottom line. Rio Tinto’s overall HY21 result saw underlying EBITDA growth of 118% to US$21 billion, net operating cashflow growth of 143% to US$13.66 billion and underlying earnings growth of 156% to US$12.17 billion.

This high level of profit and cashflow allowed the business to grow its ordinary dividend by 143% to US$3.76 per share and also declare a special dividend of US$1.85 per share

Is the Rio Tinto share price a buy?

The business is making progress towards the large lithium project called Jadar.

Rio Tinto’s CEO Jakob Stausholm said:

We are making progress on our four priorities, identifying opportunities for operational improvement, advancing our ESG agenda, taking important investment decisions and stepping up our external. We are making real and lasting changes to the way we engage, interact and operate and are committed to ensuring that we have strong and positive relationships wherever we do business. We have identified what we need to do to make Rio Tinto a better company for the long-term, with the right teams in place to unleash our full potential.

Opinions are mixed on the mining giant. The Rio Tinto share price is rated as a sell by UBS with a price target of $86, with lower iron ore prices.

However, Citi calls it a buy with a price target of $125, with strong aluminium prices being a good positive.

The post Why did the Rio Tinto (ASX:RIO) share price have such a lousy month in September? appeared first on The Motley Fool Australia.

More reading

• 2 ASX dividend shares with BIG yields
• Rio Tinto (ASX:RIO) share price lifts as CEO eyes critical minerals expansion
• How China’s energy crisis could be good for BHP (ASX:BHP) and Rio Tinto (ASX:RIO)
• ASX 200 (ASX:XJO) midday update: Fortescue jumps, Wesfarmers dealt takeover blow
• Here’s why the Rio Tinto (ASX:RIO) share price is down 20% in 3 months

Motley Fool contributor Tristan Harrison 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 Bruce Jackson.

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When it comes to dividends, the banking sector is a great place for investors to look. Among the most popular options at this side of the market is the Westpac Banking Corp (ASX: WBC) dividend. And it isn’t hard to see why.

According to a note out of Morgans, its analysts expect Australia’s oldest bank to pay a fully franked dividend of $1.36 per share in FY 2022.

Based on the current Westpac share price of $25.41, this will mean a yield of 5.4%.

How does the Westpac dividend compare to the rest of the banks?

Elsewhere in the sector, Morgans is forecasting a $1.65 per share fully franked dividend from Australia and New Zealand Banking GrpLtd (ASX: ANZ) in FY 2022. This represents a 6% yield for investors.

The broker isn’t expecting an as generous yield from Commonwealth Bank of Australia (ASX: CBA). It has pencilled in a fully franked dividend of $4.28 per share in FY 2022. With the CBA share price currently fetching $100.08, this will mean a yield of 4.3%.

The final big four bank, National Australia Bank Ltd (ASX: NAB), is forecast by Morgans to provide an attractive yield in FY 2022. Its analysts are forecasting a $1.33 per share fully franked dividend. Which, based on the current NAB share price of $27.27, will mean a 4.9% yield for investors.

Finally, Macquarie Group Ltd (ASX: MQG) is expected to pay a dividend of $5.81 per share in FY 2022. This equates to a yield of 3.3% based on the current Macquarie share price.

Which banks are in the buy zone?

Of the five banks mentioned, just ANZ and Westpac have been named as buys by Morgans.

The broker has an add rating and $29.50 price target on Westpac’s shares and an add rating and $34.50 price target on ANZ’s shares.

The post How does the Westpac (ASX:WBC) dividend compare to the banking sector? appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell next week
• Here’s what happened to the CBA (ASX:CBA) share price in September
• These were the best performing ASX bank shares in September
• How did the NAB (ASX:NAB) share price perform in September?
• Why CBA, Mount Gibson, Pilbara Minerals, & Virgin Money shares are dropping

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group 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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The Zip Co Ltd (ASX: Z1P) share price was a positive performer in September.

The buy now pay later (BNPL) provider’s shares rose 3.3% over the month.

This compares to a 2.6% decline by the S&P/ASX 200 Index (ASX: XJO) over the period.

Why did the Zip share price beat the market in September?

The Zip share price overcame weakness in the tech sector and rising short interest to record a decent gain in September.

This was driven by the release of a couple of positive announcements out of the growing BNPL provider.

The first was the release of its Retail Investor Day presentation. That presentation revealed the company has plans to launch several new products in the near term.

This includes savings accounts, rewards, and cryptocurrencies. The latter will see Zip allow users to buy, sell, hold, and even pay in cryptocurrencies.

What else was announced?

Also giving the Zip share price a boost was news that it has made a major strategic investment in India.

According to the release, Zip has agreed to make a strategic US$50 million investment in India-based BNPL operator ZestMoney.

ZestMoney was founded in 2015 and is now one of the largest and fastest growing BNPL platforms in India. It currently has 11 million registered users, over 10,000 online merchants on the platform, and a point of presence in over 75,000 physical stores.

The company notes that the India market is forecast to have US$300 billion+ in BNPL payment volume by FY 2026.

Much like its deal with Quadpay, which ultimately saw Zip acquire it in full, Zip has negotiated terms to increase its shareholding over time.

All in all, management believes this investment is consistent with its strategy to build a truly global BNPL business. And judging by the Zip share price performance, it appears as though the market agrees.

The post What happened for the Zip (ASX:Z1P) share price in September? appeared first on The Motley Fool Australia.

More reading

• The best day in 10 months, and Zip’s Microsoft deal. Scott Phillips on Nine’s Late News
• ASX 200 (ASX:XJO) midday update: Zip shares rise on Microsoft deal, big four banks rebound
• Zip (ASX:Z1P) share price jumps on Microsoft integration agreement
• Why the Zip share price plunged 6% this morning
• Afterpay (ASX:APT) and Zip (ASX:Z1P) share price falls as Mastercard opens up the BNPL sector

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. owns shares of and has recommended ZIPCOLTD FPO. 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 Bruce Jackson.

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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 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)

This leading self-storage operator could be a top option for income investors. It has been growing at a solid rate over the last decade thanks to solid demand and its growth through acquisition strategy in a highly fragmented market.

The good news is that even after reaching 210 centres, management sees plenty of opportunities to grow its network. In fact, the company finished FY 2021 with ~$900 million of investment capacity to support its growth through acquisition strategy.

Management is expecting underlying earnings per share growth of at least 10% in FY 2022. If it were to grow its distribution by the same rate, it would mean a 9.02 cents per share distribution. Based on the current National Storage share price of $2.28, this will mean a yield of 4%.

Rural Funds Group (ASX: RFF)

Another ASX dividend share with a good yield is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets across five sectors. These are almonds, cattle, vineyards, cropping, and macadamias.

These properties are leased to some of the biggest players in the agricultural sector on very long term agreements. For example, the company currently has a weighted average lease expiry of 9.3 years. Combined with periodic rental increases, this gives the company great visibility on its future earnings and distributions.

Speaking of which, in FY 2022 the company intends to increase its distribution by 4% to 11.73 cents per share. Based on the current Rural Funds share price of $2.65, this represents an attractive yield of 4.4%.

The post 2 ASX dividend shares with good yields appeared first on The Motley Fool Australia.

More reading

• 2 ASX dividend shares with attractive 4%+ yields
• These 2 ASX shares are going ex-dividend today
• 3 reasons why Rural Funds (ASX:RFF) is a quality ASX dividend share
• Here are 2 ASX dividend shares with attractive yields
• These 5 ASX shares are going ex-dividend this week

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 owns shares of and has recommended RURALFUNDS STAPLED. 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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