2 ASX dividend shares with attractive yields

Check out these ASX dividend shares this month…

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If you're in the process of building an income portfolio, then you might want to look at the shares listed below.

Here's why these ASX dividend shares could be worth considering right now:

A boy hold money and dressed in business suit next to money bags on a desk, indicating a dividends windfall

Image source: Getty Images

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is this leading retailer of homewares and home furnishings.

Thanks to a favourable redirection in consumer spending during the pandemic and the booming housing market, Adairs has been growing very strongly over the last 18 months.

This led to the company releasing one of the strongest results during reporting season last month.

For example, Adairs reported a 28.5% increase in sales to $499.8 million and the almost doubling of its EBIT to $109.1 million. This was underpinned by strong same store and online sales growth.

According to a note out of Morgans, its analysts expect the company to be in a position to pay a 22 cents per share fully franked dividend in FY 2022.

Based on the current Adairs share price of $3.92, this will mean a yield of 5.5%.

National Storage REIT (ASX: NSR)

Another dividend share to look at is this leading self-storage operator.

It has been growing strongly over the last decade thanks to solid demand and its growth through acquisition strategy. And while it now has a portfolio of over 210 centres, management still sees plenty of scope to grow its network in a fragmented industry.

National Storage was also on form in FY 2021. It recently released its full year results and revealed a 28% increase in underlying earnings to $86.5 million.

This allowed the company to pay a full year distribution of 8.2 cents per share.

Another solid year is expected in FY 2022, with management guiding to underlying earnings per share growth of at least 10%. It also highlights that it has ~$900 million of investment capacity to support its acquisition strategy.

Based on the current National Storage share price of $2.40, if its distribution grows at the same rate as its earnings to 9.02 cents per share, it will provide a yield of 3.8%.

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 recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO. 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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