2 quality ASX dividend shares with 4%+ yields

These dividend shares offer generous yields…

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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:

Centuria Industrial Reit (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is focused on building a portfolio of high quality industrial assets to deliver income and capital growth to investors.

The majority of the company’s tenant base is linked to the production, packaging and distribution of consumer staples, telecommunications and pharmaceuticals. In addition, Centuria Industrial has just acquired eight freehold urban infill industrial assets for a total of $351.3 million. Management notes that this expands the company’s exposure across key industrial sub-sectors including distribution centres, cold storage, and transport logistics.

Centuria Industrial REIT also recently reaffirmed its guidance for FY 2022. This includes funds from operations (FFO) of at least 18.1 cents per share and a distribution of 17.3 cents per share. Based on the current Centuria Industrial REIT share price of $3.59, the latter will mean a 4.8% dividend yield for investors.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. It is an Australian property company that owns a diversified portfolio of agricultural assets valued at $1.2 billion across a number of sectors. These properties include almond and macadamia orchards, premium vineyards, water entitlements, cattle and cropping assets.

Management is targeting distribution growth of 4% per annum and aims to achieve by owning and improving properties that are leased to quality tenants.

This strategy has been working very well and has underpinned solid income and distribution growth in recent years. Pleasingly, more of the same is expected in FY 2022, with management intending to increase its distribution by 4% to 11.73 cents per share.

Based on the current Rural Funds share price of $2.69, this will mean a 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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