As the ASX indexes sink, these unique dividend shares are making investors money

The share price of these two dividend stocks has jumped higher over the past month.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Australian sharemarkets have slumped over the past month amid geopolitical uncertainty and interest rate fears, prompting investors to pull back from most sectors. Now, many are turning their focus to ASX dividend shares.

At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has ticked 1.9% higher this week off the back of renewed confidence, but over the month, it's still down 6.7%, and down 2.4% for the year to date.

Despite the decline, there are two more unusual ASX 200 dividend shares that are still making money.

A man surrounded by huge piles of paper looks through a magnifying glass at his computer screen.

Image source: Getty Images

National Storage REIT (ASX: NSR)

National Storage REIT is the largest self-storage provider in Australia and New Zealand. It's unique because it is the only ASX-listed entity focused purely on storage. 

The majority of its 230-plus self-owned storage facilities are mostly located on city fringes, suburban, and regional areas. They are owned and operated, but they also have long-term leaseholds.

The company offers self-storage, business storage, climate-controlled wine storage, vehicle storage, and other value-added services such as vehicle and trailer hire, packaging, and insurance.

As a storage business, the company is generally resilient to market pressures. Its share price has remained stable over the past month, unlike many other companies in the ASX 200 Index. At the time of writing, the shares are changing hands at $2.78 each. That's a 0.2% increase over the past month, a 1.46% increase for the year to date, and a 25.8% hike from the share price this time last year.

The ASX company has a history of paying reliable half-year dividends to its investors, too. Its most recent interim dividend, paid in February, paid investors 6 cents per share, fully franked. At the time of writing, this translates to a trailing dividend yield of 4.2%.

Viva Energy Group Ltd (ASX: VEA)

Viva Energy Group is Australia's second-largest vertically integrated refined transport fuel supplier. The company makes, imports, blends, and delivers about one quarter of Australia's fuel requirements. It also supplies lubricants, solvents, and bitumen. 

The ASX stock is unusual because, as a fuel refiner and retailer, it has exposure to both the infrastructure and energy sectors.

Recent fuel supply pressures have created a strong tailwind for the business, and its share price has soared higher. At the time of writing, the shares are changing hands at $2.36. That's a huge 35.6% uplift over the past month alone. The share price has also risen 13.4% over the year to date and 33.2% from this time last year.

Viva Energy has paid half-yearly dividends to its shareholders since 2022. The company is due to pay its investors a final dividend of 3.94 cents per share, fully franked, next week. For the full year, the company has paid a total dividend of 6.77 cents per share, which equates to a dividend yield of around 2.9% at the time of writing. 

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

ASX shares with ex-dividend dates next week

Rio Tinto is among the ASX shares with ex-dividend dates next week.

Read more »

a woman sitting at a desk checks an old fashioned calendar resting against her wall as she sits with documents in front of her.
Dividend Investing

4.55% yield: I'd buy this monthly ASX dividend stock today

Big upfront yield and monthly dividends... What's not to like?

Read more »

Two people about to dive into a pool.
Retirement

2 Australian income stocks perfect for retirement

I think investors can buy and hold these stocks for decades.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

Are Transurban shares a top passive income buy in August?

What caught my attention is that the income story is supported by more than toll increases alone.

Read more »

A female runner climbs a set of stairs, running with strength and pace.
Dividend Investing

This ASX dividend stock is growing its payouts like clockwork

I'd buy every share of this company if I could afford it.

Read more »

A man closely watches a clock.
Dividend Investing

Buying ASX monthly dividend shares: The pros and cons

Is there a downside to more frequent dividends?

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

Is it worth buying Santos shares for passive income?

Find out what Santos pays its shareholders.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

$1,000 buys 685 shares in an incredibly reliable ASX dividend stock

This business has been an incredible dividend payer.

Read more »