If you’re looking to increase your income with some dividend shares, then the ones listed below could be worth a look.
Both dividend shares are expected to provide investors with attractive yields in the near term. Here’s what you need to know about them:
Rural Funds Group (ASX: RFF)
The first ASX dividend share to look at is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets leased to some of the biggest players in the sector.
Its property portfolio includes almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.
In FY 2022, Rural Funds intends to reward its shareholders with a 11.73 cents per share distribution.
It also plans to increase its FY 2023 distribution by its annual target rate of 4% to 12.2 cents per share in FY 2023. And while rising funding costs could potentially prevent this increase, even a flat dividend would be attractive.
Based on the current Rural Funds share price of $2.54, Rural Funds’ FY 2022 dividend equates to a 4.6% yield.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that looks set to provide investors with a generous dividend yield is Telstra.
This telco giant has been through a difficult time over the last decade, but at long last there is light at the end of the tunnel. In fact, earlier this year Telstra released its half year results and returned to growth for the first time in years.
This allowed the telco to maintain its fully franked interim dividend at 8 cents per share, with another 8 cents per share final dividend expected to be paid in the second half.
Looking ahead, with the company’s T22 strategy bearing fruit and management expecting its upcoming T25 strategy to underpin solid growth over the coming years, the outlook for the Telstra dividend has been improving greatly.
For now, the 16 cents per share dividend that Telstra expects to pay in FY 2022 represents a yield of just over 4.2% based on the current Telstra share price of $3.83.