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3 excellent ASX dividend shares you can buy right now

With low interest rates here to stay for some time to come, I believe the share market remains the best place to earn a passive income.

But which dividend shares should you buy? Three ASX dividend shares that I think would be great options are listed below:

BWP Trust (ASX: BWP)

BWP is a real estate investment trust which I believe is well-positioned to the continue its positive form during the pandemic and beyond it. This is because BWP’s warehouses are predominantly leased to home improvement giant, Bunnings Warehouse. I believe this is a fantastic tenant to have, especially given the way Bunnings continues to grow its sales during the crisis. I believe this means 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 4.6% FY 2021 yield.

National Storage REIT (ASX: NSR)

I think this storage giant could be a good option for income investors. Although it is inevitable that National Storage will be impacted by the pandemic, I don’t believe this impact will be as negative as some of its real estate peers. This should allow it to continue paying a decent distribution during the crisis and then return to growing it modestly each year once things return to normal. Based on the current National Storage share price, I estimate that it offers a 4.4% FY 2021 distribution yield.

Rural Funds Group (ASX: RFF)

A final ASX dividend share to consider buying is Rural Funds. I think the agriculture-focused property trust is is one of the best income options. This is due to the quality and diversity of its assets and its very positive long term growth outlook. I believe Rural Funds strong portfolio puts it 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% yield.

These 3 stocks could be the next big movers in 2020

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. 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.

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