If you're looking to boost your income with some dividend shares, then you might want to consider the ones listed below.
Both dividend shares are expected to provide investors with attractive yields in the near term. Here's what you need to know about them:
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Rural Funds Group (ASX: RFF)
The first ASX dividend share to look at is this Australian agricultural property company.
Rural Funds owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. It has a long term target of delivering distribution growth of 4% per annum by owning and improving its farms.
The company has also been known to bolster its growth through acquisitions. In fact, it has recently announced the $104 million acquisition of land and water in Rockhampton, Bundaberg and Maryborough for the development of 5,000 ha of macadamia orchards.
In FY 2022, Rural Funds intends to reward its shareholders with a distribution of 11.73 cents per share. Based on the current Rural Funds share price of $2.63, this represents an attractive yield of 4.45%.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share for income investors to consider is Telstra. This telco giant could be a good option due to its improving outlook and attractive dividend yield.
Telstra's outlook has been improving materially over the last 18 months thanks to the success of its T22 strategy, cost cutting, its 5G leadership, and the easing NBN headwind. All in all, this has positioned the company for a return to earnings growth in the near future.
In addition to this, the company has just announced a key acquisition for its Telstra Health business and is looking at buying the Digicel operations in the Pacific.
Telstra is intending to pay investors a 16 cents per share dividend in FY 2021. Based on the latest Telstra share price of $3.82, this will mean a fully franked 4.2% yield.
