2 ASX dividend shares with good yields

These ASX dividend shares could be worth a look…

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ASX dividend shares represented by cash in jeans back pocket

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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:

National Storage REIT (ASX: NSR)

This leading self-storage operator could be a top option for income investors. It has been growing at a solid rate over the last decade thanks to solid demand and its growth through acquisition strategy in a highly fragmented market.

The good news is that even after reaching 210 centres, management sees plenty of opportunities to grow its network. In fact, the company finished FY 2021 with ~$900 million of investment capacity to support its growth through acquisition strategy.

Management is expecting underlying earnings per share growth of at least 10% in FY 2022. If it were to grow its distribution by the same rate, it would mean a 9.02 cents per share distribution. Based on the current National Storage share price of $2.28, this will mean a yield of 4%.

Rural Funds Group (ASX: RFF)

Another ASX dividend share with a good yield is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets across five sectors. These are almonds, cattle, vineyards, cropping, and macadamias.

These properties are leased to some of the biggest players in the agricultural sector on very long term agreements. For example, the company currently has a weighted average lease expiry of 9.3 years. Combined with periodic rental increases, this gives the company great visibility on its future earnings and distributions.

Speaking of which, in FY 2022 the company intends to increase its distribution by 4% to 11.73 cents per share. Based on the current Rural Funds share price of $2.65, this represents an attractive yield of 4.4%.

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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 owns shares of and has recommended RURALFUNDS STAPLED. 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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