The outlook for interest rates in Australia is looking incredibly bleak. In fact, the RBA is widely expected to cut rates again next month.
In light of this, I continue to believe that dividend shares will remain the best way to earn a passive income for some time to come.
But which ASX dividend shares should you buy today? Two that I think investors should snap up right now are listed below:
Accent Group Ltd (ASX: AX1)
Accent is a footwear-focused retailer which owns a collection of retail store brands such as HYPE DC and Platypus. It also has the exclusive licence to a number of popular shoe brands in the Australian market.
Thanks to its growing online business and strong and on-trend offering, Accent has been a positive performer in 2020 despite the pandemic. Pleasingly, I believe this form can continue in FY 2021. Especially given the Federal Budget's tax cuts, which is putting extra disposable income in the pockets of consumers. I expect this to allow Accent to pay a 9 cents per share fully franked dividend over the next 12 months. Based on the current Accent share price, this means investors will receive a forward 4.9% dividend yield.
National Storage REIT (ASX: NSR)
Another option I would buy is National Storage. I believe the self-storage operator could be a great long term option due to its strong position in a fragmented market and its growth through acquisition strategy. In addition to this, an increasing number of small businesses are using its storage units for non-traditional uses such as running their ecommerce businesses. This is made possible thanks to supplied Wi-Fi, shelving, power connectivity, and packaging supplies.
In FY 2021, management has warned that its earnings could be flat because of the pandemic. As a result, I expect it to pay a distribution of 7.6 cents per share over the next 12 months. Based on the current National Storage share price, this represents a generous 4.1% yield.
