If you're wanting 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 2022. Here's what you need to know about them:
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Centuria Industrial Reit (ASX: CIP)
The first ASX dividend share to consider is Centuria Industrial. It is a property company with a focus on high quality industrial assets that deliver income and capital growth to investors.
In FY 2022, Centuria Industrial has been experiencing strong nationwide demand for industrial space, particularly from ecommerce-related tenant customers. This resulted in Centuria Industrial reporting 10% rental growth financial year to date in mid-December.
The good news for income investors is that this positive form bodes well for dividends this year. Centuria Industrial REIT revealed that it 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 2022. Based on the current Centuria Industrial REIT share price of $4.00, the latter will mean a 4.3% dividend yield for investors.
Rural Funds Group (ASX: RFF)
Another ASX dividend share that is expecting to reward shareholders with an attractive yield in FY 2022 is Rural Funds. This real estate investment trust's focus is to deliver returns to investors generated from quality management of Australian farmland, rural infrastructure, and agricultural operations.
It has a high quality portfolio of assets and an eye for a deal. For example, the company recently added to its portfolio through the acquisition of a number of cattle and cropping properties in Queensland. Management notes that these are consistent with its strategy of acquiring assets with potential for productivity improvements.
In FY 2022, the company intends to increase its dividend by its annual target rate of 4% to 11.73 cents per share. Based on the current Rural Funds share price of $3.11 this represents a yield of 3.8%.
