2 ASX dividend shares that could be a buy for income today

Rural Funds Group is one of 2 ASX dividend shares that could be a buy for robust shareholder income right now.

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With interest rates remaining at near-zero, record lows, the appeal of ASX dividend shares for income remains strong. Since there are very few alternatives out there to a fully franked dividend, choosing the right dividend shares to generate income for your ASX share portfolio is a delicate task. After all, 2020 saw many ASX shares that used to have a reputation for solid dividend income, rain hail or shine, cutting their shareholder payouts.

Here are 2 ASX dividend shares for your consideration today.

Rural Funds Group (ASX: RFF)

Rural Funds Group is an ASX REIT (real estate investment trust) that specialises in agricultural properties. This could present many advantages from an income perspective right off the bat. We all need food and other products that rely on farmland for production. Rural Funds owns a number of properties around Australia that are leased out for the production of everything from grapes to beef, macadamias, sugar cane and almonds.

Rural Funds has managed to deliver a pretty robust schedule when it comes to paying out dividends. The REIT aims to increase its annual dividend distributions by 4% per annum. It managed to do just that last year, despite the ravages of the pandemic. On the current Rural Funds share price, the company has a trailing dividend yield of 3.94%.

Magellan Infrastructure Fund (ASX: MICH)

Another ASX dividend share to consider today is this listed fund from Magellan Financial Group Ltd (ASX: MFG). Magellan Infrastructure Fund is designed to provide a robust stream of income for shareholders, with a low risk of permanent capital losses.

It does so by investing in a portfolio of infrastructure assets. These include toll road companies, electricity generators and retailers, airports, rail, and water utilities, amongst other things. This fund invests in companies all over the world, but you can find the ASX's own Transurban Group (ASX: TCL) amongst its current holdings. It's also hedged against foreign currency movements.

Magellan Infrastructure Fund's last two dividends came in at 5.95 cents a share and 7 cents a share. That gives this company a trailing distribution yield of 4.42% on current pricing. Because it's a managed investment vehicle, there is also a management fee of 1.05% per annum for investors to consider.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool Australia owns shares of Transurban Group. The Motley Fool Australia has recommended Magellan Infrastructure Fund. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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