If you're looking 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 yields of over 4% in the near term. Here's what you need to know about them:
BWP Trust (ASX: BWP)
The first ASX dividend share to look at is commercial property company, BWP.
It has a focus on warehouses, with the majority of its properties leased to hardware giant Bunnings Warehouse. In fact, the company is the largest owner of the hardware giant's properties and counts Bunnings' owner, Wesfarmers Ltd (ASX: WES), as a major shareholder.
BWP has been a positive performer over the last couple of years thanks largely to the strength of the Bunnings business. The retailer's strong sales and profits have allowed BWP to collect rent mostly as normal and also underpinned a notable increase in the value of its properties.
In FY 2022, management expects to pay shareholders a distribution in the region of 18.29 cents per unit. Based on the current BWP share price of $4.00, this will mean a 4.6% dividend yield.
Rural Funds Group (ASX: RFF)
Another ASX dividend share that offers an attractive yield is this agricultural real estate investment trust (REIT).
Rural Funds owns a diversified portfolio of Australian assets which are leased to large industry players including Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE). The company also recently added to its portfolio through the acquisition of a number of cattle and cropping properties in Queensland.
All in all, these properties and their fixed rental increases and long leases leave Rural Funds well-placed for growth over the next decade.
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 $2.76, this represents a yield of 4.25%.
