2 quality ASX dividend shares for income investors

Here’s why BWP Trust (ASX:BWP) and this ASX dividend share could be quality options for income investors…

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If you’re wanting to bolster your portfolio with some dividend shares, then the two listed below could be worth considering.

Here’s what you need to know about these ASX dividend shares:

BWP Trust (ASX: BWP)

The first ASX dividend share to look at is BWP Trust. It is a commercial property company with a focus on warehouses.

The vast majority of its properties are leased to hardware giant Bunnings Warehouse. In fact, BWP is the largest owner of Bunnings properties, with a total of 68 warehouses leased to the retailer.

This has proven to a hugely successful move. With demand for home improvement products growing strongly and government stimulus supporting the industry, Bunnings continues to grow its sales at a solid rate, allowing BWP to collect its rent as normal during the pandemic.

This strong form has also allowed the BWP board to reaffirm its plans to pay a full year distribution of ~18.3 cents per share in FY 2021. Based on the current BWP share price of $4.24, this equates to a generous 4.3% dividend yield.

Integral Diagnostics Ltd (ASX: IDX)

Another ASX dividend share to consider is Integral Diagnostics. It is a medical imaging service provider that operates from a total of 72 radiology clinics across Australia.

Integral Diagnostics has been a strong performer in FY 2021 despite the pandemic. During the six months ended 31 December, the company reported a 29.5% increase in revenue to $170.7 million and a 61.1% jump in net profit after tax to $23.2 million.

While its shares don’t provide the largest dividend yield you’ll find on the Australian share market, it is growing each year and has been tipped to continue doing so. 

For example, analysts at Goldman Sachs are expecting dividends per share of 11.4 cents, 13.9 cents, and 15.4 cents over the next three years. This will mean yields of 2.4%, 2.9%, and 3.2%, respectively.

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Returns As of 15th February 2021
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Integral Diagnostics Ltd. 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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