The good news for income investors in this low interest rate environment is that there are plenty of ASX shares offering attractive dividend yields.
Two such shares are listed below. Here's what you need to know about them and their dividends:
BWP Trust (ASX: BWP)
The first ASX dividend share to look at is BWP. It is a commercial property company with a focus on warehouses. The vast majority of these warehouses are leased to Bunnings Warehouse, making BWP the largest owner of the hardware giant's properties.
It has been a positive performer during the pandemic thanks largely to the strength of the Bunnings business. The retailer's strong performance has allowed BWP to collect rent largely as normal and led to the value of its properties increasing 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 $4.08, this will mean 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.
National Storage currently operators over 210 centres and provides tailored storage solutions to over 85,000 residential and commercial customers.
It was a positive performer in FY 2021, delivering 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 National Storage Board to declare a full year distribution of 8.2 cents per share.
Pleasingly, management is confident on its outlook in FY 2022. It has guided to a 10% increase in underlying earnings per share. If it were to grow its distribution in line with its earnings, it would mean a distribution of 9.02 cents per share. Based on the current National Storage share price of $2.39, this would equate to a yield of 3.8%.
