Are you wanting to boost your income with some dividend shares? If you are, then you may want to consider the ones listed below.
Both dividend shares are expected to provide investors with attractive yields that are vastly superior to those on offer with term deposits. 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.
This week the company released a trading update which revealed strong nationwide demand for industrial space, particularly from ecommerce-related tenant customers. This resulted in Centirua Industrial reporting 10% rental growth year to date in FY 2022.
This strong form bodes well for dividends this year. Centuria Industrial REIT is targeting funds from operations (FFO) of at least 18.1 cents per share and a distribution of 17.3 cents per share in FY 2021. Based on the current Centuria Industrial REIT share price of $3.95, the latter will mean a 4.4% 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 $1.5 billion across a number of sectors including almond and macadamia orchards, premium vineyards, cattle, and cropping.
Thanks to its ultra long leases and periodic rental increase, Rural Funds has been growing its distribution at a solid rate for many years. The good news is that management is aiming to continue this trend long into the future and is targeting distribution growth of 4% per annum.
This is expected to be the case again in FY 2022, with the company guiding to a distribution of 11.73 cents per share. Based on the current Rural Funds share price of $3.05, this will mean a yield of 3.9%.
