2 top ASX dividend shares with attractive yields

These ASX dividend shares offer generous yields…

| More on:
Rolled up notes of Australia dollars from $5 to $100 notes

Image source: Getty Images

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%.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Dividend Investing