Looking for dividends shares for your income portfolio? If you are, you may want to get better acquainted with the two listed below.
Here's what you need to know about these ASX dividend shares:
National Storage REIT (ASX: NSR)
The first ASX dividend share to look at is National Storage. It is a leading self-storage operator with a portfolio of over 210 centres across Australia. From these centres, National Storage provides tailored storage solutions to over 85,000 residential and commercial customers.
While the company's units are predominantly used by customers for traditional storage uses, there's a lot more on offer than just that. Some small businesses are using its units to run their operations. This is achievable thanks to WiFi and power connectivity options.
The good news is that the ownership of self storage centres remains highly fragmented. This provides the company with plenty of acquisition opportunities in the future to bolster its growth.
As for dividends, management is guiding to earnings per share growth of 10% in FY 2022. If its distribution grows in line with this, it will mean a 9.02 cents per share distribution. Based on the current National Storage share price of $2.45, this would mean a yield of 3.7%.
Rural Funds Group (ASX: RFF)
Another ASX dividend share to look at is Rural Funds. It is a real estate investment trust (REIT) that owns a diversified portfolio of Australian agricultural assets.
These high quality assets are leased to many of the sector's leading players such as Australia's largest meat processor, JBS Australia, and wine giant Treasury Wine Estates Ltd (ASX: TWE) on very long leases. Combined with periodic rent increases, this gives management great visibility on its future earnings and allows it to target distribution growth of 4% per annum.
Speaking of distributions, in FY 2022 management plans to increase its distribution by its target rate to 11.73 cents per share. Based on the current Rural Funds share price of $2.96, this represents an attractive yield of 4%.
