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 Rural Funds. It is an Australian property company that owns a diversified portfolio of agricultural assets which are leased predominantly to corporate agricultural operators.
Management is targeting distribution growth of 4% per annum and aims to achieve by owning and improving farms that are leased to good counterparties.
It has been a case of so far so good for this strategy. In FY 2021, the company was on form again and grew its distribution by 4% to 11.28 cents per share. It has also provided guidance for a 4% increase in its distribution to 11.73 cents per share in FY 2022.
Based on the current Rural Funds share price of $2.75, this will mean a yield of 4.3%. Another positive is that this distribution is paid in quarterly instalments.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share with an attractive yield is Telstra. In FY 2021, the telco giant paid shareholders a fully franked dividend of 16 cents per share. Based on the current Telstra share price of $3.93, this represents a 4% dividend yield.
The good news is that Telstra is expecting to return to growth in FY 2022 and another 16 cents per share dividend is forecast.
But even better is the company's longer term outlook. Telstra recently released its T25 plan which reveals bold growth plans through to FY 2025. This has led to many analysts believing that Telstra could soon increase its dividend for the first time in a decade. This would make its already attractive yield even more attractive for income investors.
