If you're looking for some dividend shares to buy in August, then I think it would be worth considering the three listed below.
Here's why I think they are in the buy zone:
BWP Trust (ASX: BWP)
The first ASX dividend share I would buy is BWP. I'm a big fan of the real estate investment trust due to my belief that it is well-positioned to continue growing its income and distribution throughout the pandemic and beyond it. This is because BWP's warehouses are predominantly leased to home improvement giant, Bunnings Warehouse. Given how Bunnings is one of the best retailers in the country and government stimulus is supporting the home improvement market, I believe the risk of store closures and rental defaults is extremely low and periodic rental increases remain possible. At present I estimate that its units offer a FY 2021 4.7% yield.
Lendlease Group (ASX: LLC)
Another dividend share that I would suggest income investors consider buying is Lendlease. The international property and infrastructure company had a tough time in FY 2020 and reported a material drop in profits. However, I believe the worst is now behind the company and it is well-placed to return to growth. Especially given its burgeoning global development pipeline, which includes a mega project with Google. I estimate that the company will pay a 57 cents per share dividend next year. Based on the current Lendlease share price, this equates to a 4.9% dividend yield.
Rural Funds Group (ASX: RFF)
A final ASX dividend share to consider buying is Rural Funds. I think the agriculture-focused property group is one of the best income options due to the quality and diversity of its assets and its very positive long term outlook. This is thanks to its long tenancy agreements with some of the biggest players in the industry and their periodic rental increases. I believe this puts Rural Funds in a position to continue growing its distribution during the pandemic and beyond. In FY 2021 it expects to pay shareholders a 11.28 cents per share distribution. Based on the latest Rural Funds share price, this equates to a 5.6% yield.
