Are you fed up with the low interest rates on savings accounts? You're not the only one, if you are.
The good news is that the ASX is home to a large number of shares with attractive dividend yields. Two to consider are as follows:
National Storage REIT (ASX: NSR)
National Storage is one of the region's largest self-storage operators with over 190 locations.
It recently released its half year results and revealed underlying earnings of $39.2 million. This was an increase of 14% over the prior corresponding period.
This was driven by a solid increase in its occupancy rate to 85.4% and the acquisition and development of new centres.
Looking ahead, management has lifted its full year guidance for underlying earnings in the range of 8.1 to 8.5 cents per share. From this, it plans to payout 90% to 100% to shareholders as distributions.
Based on the latest National Storage share price, this will mean a distribution yield of ~4.2%.
Rural Funds Group (ASX: RFF)
Rural Funds is a real estate investment trust which owns a diverse portfolio of high quality Australian agricultural assets. These assets are leased to highly experienced operators, such as Treasury Wine Estates Ltd (ASX: TWE), on very long leases.
In fact, when it released its half year results, management revealed that its weighted average lease expiry (WALE) metric had increased from 10.9 years to 11.1 years.
Another positive was that management reaffirmed its FY 2021 distribution guidance of 11.28 cents per share. Based on the current Rural Funds share price, this will mean a 4.9% yield.
In addition to this, the company revealed its FY 2022 distribution guidance for the first time. It plans to pay shareholders 11.73 cents per share next year, which represents a 5% yield. This is in line with management's aim of growing its distribution by 4% per annum.
