Fortunately for income investors in this low interest rate environment, there are plenty of ASX shares offering attractive dividend yields.
Two such dividend shares are listed below. Here’s what you need to know about them:
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.
Thanks largely to the strength of the Bunnings business, it has been a positive performer during the pandemic. Bunnings’ strong performance allowed BWP to collect rent largely as normal and led to the value of its properties increasing.
In FY 2021, BWP paid an 18.29 cents per unit distribution. It intends to pay a similar distribution in FY 2022. Based on the current BWP share price of $4.20, this will mean a 4.35% dividend yield.
National Storage REIT (ASX: NSR)
Another ASX dividend share to look at is National Storage. It is one of the ANZ region’s largest self-storage operators. National Storage currently operates over 200 centres and provides tailored storage solutions to almost 100,000 residential and commercial customers.
As with BWP, it was a positive performer in FY 2021 despite the pandemic. National Storage delivered a 28% increase in underlying earnings to $86.5 million. This was underpinned by both organic growth and acquisitions, and allowed the company to pay a full year distribution of 8.2 cents per share.
Looking ahead, management is confident on its outlook in FY 2022. It has guided to ~10% underlying earnings per share growth.
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 $2.60, this would equate to a yield of 3.5%.