For an income investor the key announcement that you want to know from your share is, of course, the next income payment from the business.
It’s this type of year where we start learning what the distribution or dividend will be for businesses that pay in July and August.
Two of my favourite income shares have announced what their payment will be in a month or two:
National Storage REIT (ASX: NSR)
National Storage is a real estate investment trust (REIT) that is the largest self-storage provider in Australia.
It has benefited significantly from Australia’s rising land prices. It has increased the demand for storage units because of how expensive owning an extra bedroom purely for storage is, it also means National Storage can charge more per square metre than in previous years.
National Storage just announced a distribution of 4.9 cents per security, which is a 6.5% increase compared to last year’s 4.6 cents per security distribution. If it announces another 4.9 cents distribution in six months it has a forward yield of 6%.
Magellan Global Trust (ASX: MGG)
This is a listed investment trust (LIT) that invests in some of the best global-listed shares, it has access to better options than what are on the ASX.
Some of its top holdings include Alphabet (Apple), Facebook, Visa and MasterCard. These are good growth holdings even though they are already global businesses. Magellan Global Trust aims to pay a distribution yield of 4% on the net asset value (NAV) per security.
It has just announced a six-monthly distribution of 3 cents per share. This is slightly below an annualised 4% yield of the current share price, but it is what the trust projected would happen over the first year or two.
Both of these businesses offer good income potential and long-term capital growth potential. However, I would definitely choose the Magellan Global Trust because it’s invested in the best global businesses and can alter its holdings as it sees fight.
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Motley Fool contributor Tristan Harrison owns shares of MAGLOBTRST UNITS. The Motley Fool Australia has recommended National Storage REIT. 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.