Insights

2 ASX dividend shares to buy this week

Westpac Banking Corp (ASX:WBC) and this ASX dividend share could be good options for income investors this week…
The post 2 ASX dividend shares to buy this week appeared first on The Motley Fool Australia. –

dividend shares

If you’re looking to add some dividend shares to your portfolio, then the two listed below might be ones to consider.

Here’s what you need to know about them:

National Storage REIT (ASX: NSR)

National Storage is one of the region’s leading self-storage operators. It tailors self-storage solutions to residential and commercial customers across Australia and New Zealand.

At present, the company operates approximately 190 storage centres across the region. While this sounds like a large number, management believes there is still significant room to grow. In fact, it has completed eight acquisitions totalling $139 million since the end of FY 2020. In addition to this, management advised that its forward-looking acquisition pipeline remains strong and it is has a number of development projects.

According to a note out of Ord Minnett, its analysts have an accumulate rating and $2.05 price target on its shares. The broker is forecasting an 8 cents per share dividend in FY 2021. This represents a 3.9% dividend yield.

Westpac Banking Corp (ASX: WBC)

If you don’t have exposure to the big four banks, then Westpac could be worth considering. While the banking sector has been having a very tough time in recent years, there are signs that it is now over the worst of its issues. This is thanks partly to the improving housing market, the relaxing of responsible lending rules, and the quicker than expected economic recovery from the pandemic.

Analysts at Macquarie believe now could be the time to invest. Earlier this month they put an outperform rating and $21.50 price target on the bank’s shares. They are also forecasting a 70 cents per share dividend in FY 2021 and an 85 cents per share dividend in FY 2022. This represents fully franked 3.5% and 4.2% dividend yields, respectively, over the next two years.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Click Here For Your Free Stock Report

Returns As of 6th October 2020

More reading

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. 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 Bruce Jackson.

The post 2 ASX dividend shares to buy this week appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!