Here are 2 ASX dividend shares with attractive yields

These ASX dividend shares offer generous yields…

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Fortunately in this low interest rate environment, there are plenty of ASX shares offering attractive dividend yields.

Two such shares are listed below. Here's what you need to know about their dividends:

BWP Trust (ASX: BWP)

The first ASX dividend share with an attractive yield is BWP Trust. It is the largest owner of Bunnings Warehouse sites in Australia with a portfolio of warehouses leased to the hardware giant.

Thanks to strong demand for hardware products and Bunnings being able to open during lockdowns, BWP has been a positive performer over the last 18 month. This has allowed the company to collect rent largely as normal during the pandemic. It has even seen the value of its properties increase notably.

In FY 2021, BWP paid an 18.29 cents per unit distribution. It also plans to pay a similar distribution in FY 2022.

Based on the current BWP share price of $4.06, this will equate to a 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 providing tailored storage solutions to over 85,000 residential and commercial customers.

National Storage was on form in FY 2021 and delivered a 28% increase in underlying earnings to $86.5 million. This was driven by both organic growth and the benefits of acquisitions. This allowed the company to pay a full year distribution of 8.2 cents per share.

Positively, management is expecting another solid year in FY 2022. It has provided guidance for underlying earnings per share growth of at least 10%. In addition, it has approximately $900 million of investment capacity to support its growth by acquisition strategy.

If National Storage grows its distribution in line with its earnings guidance, it will mean a distribution of 9.02 cents per share in FY 2022. Based on the current National Storage share price of $2.36, this will mean 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 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.

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