If you're looking for a way to beat low interest rates, then you may want to look at the Australian share market. This is because there are a large number of shares that pay generous dividends each year.
Two such ASX shares are listed below. Here's what you need to know about these dividend shares:
BWP Trust (ASX: BWP)
The first ASX dividend share to look at is BWP Trust. It is the largest owner of Bunnings Warehouse sites in Australia with a portfolio of warehouses leased to the hardware giant.
Compared with most retail property companies, BWP has been a very positive performer during the pandemic. This has been driven largely by the quality of its tenancies. With Bunnings Warehouse reporting stellar sales growth again in FY 2021, BWP has been able to collect rent as normal. It has even seen the value of its properties increase strongly since COVID-19 hit Australia.
In light of this, the company was able to pay an 18.29 cents per unit distribution in FY 2021. It also advised that a similar distribution is expected in FY 2022. Based on the current BWP share price of $4.04, this equates to an attractive 4.5% dividend yield.
National Storage REIT (ASX: NSR)
Another dividend share to look at is National Storage. It is one of the ANZ region's largest self-storage operators with a portfolio of over 210 centres.
National Storage recently released its full year results and revealed a 28% increase in underlying earnings to $86.5 million. This was driven by a combination of organic growth and the benefits of acquisitions. This allowed the company to pay a full year distribution of 8.2 cents per share.
Another strong year is expected in FY 2022, with management guiding to underlying earnings per share growth of at least 10%. It also notes that it has approximately $900 million of investment capacity to fuel its growth by acquisition strategy.
Based on the current National Storage share price of $2.28, if its distribution grows by 10% to 9.02 cents per share, it will mean a yield of 4%.
