Are you interested in boosting your income portfolio with some top dividend shares? If you are, you may want to look at the two listed below.
Here's what you need to know about these ASX dividend shares:
Image source: Getty Images
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. In fact, it is the largest domestic pure play industrial REIT on the Australian share market.
It has been performing strongly in recent years and has continued this trend in FY 2022. Centuria Indsutrial REIT recently revealed strong nationwide demand for industrial space, particularly from ecommerce-related tenant customers. This has underpinned strong rental growth year to date in FY 2022.
This 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. Based on the current Centuria Industrial REIT share price of $3.82, the latter will mean a 4.5% dividend yield for investors.
Rural Funds Group (ASX: RFF)
Another ASX dividend share to look at is Rural Funds. It is an agricultural real estate investment trust (REIT) that owns a portfolio of Australian agricultural assets. These high quality assets are leased to corporate agricultural operators including Treasury Wine Estates Ltd (ASX: TWE).
Rural Funds has also been adding to its portfolio with acquisitions over the last 12 months. These acquisitions include cattle and cropping properties and macadamia orchards in Queensland, which are consistent with its strategy of acquiring assets with potential for productivity improvements in agricultural sectors it has experience in.
As for its dividends, management is intending to increase its distribution by its annual target rate of 4% to 11.73 cents per share in FY 2022. Based on the current Rural Funds share price of $2.86, this represents an attractive yield of 4.1%.
