2 ASX dividend shares with 4%+ yields

Westpac Banking Corp (ASX:WBC) and this ASX dividend share offer yields above 4% at present. Here’s what you need to know about them…
The post 2 ASX dividend shares with 4%+ yields appeared first on The Motley Fool Australia. –

large block letters depicting four percent representing high yield asx dividend shares

In 2020 the Reserve Bank cut the cash rate to the lowest levels that we’ve ever seen in Australia. This was undoubtedly a bitter blow to income investors.

Fortunately, in this low interest rate environment, the Australian share market is home to dividend shares that offer investors generous yields.

For example, two ASX shares dividend shares with yields above 4% are listed below. Here’s what you need to know about them:

BWP Trust (ASX: BWP)

The first dividend share to look at is BWP Trust. It is the largest owner of Bunnings Warehouse sites in Australia. It currently owns 68 stores, with seven of these properties having adjoining retail showrooms that are leased to other retailers. At the last count, the company’s portfolio was valued at ~$2.5 billion and had an occupancy rate of 98%.

Due to the strength of its tenancies, BWP was a solid performer in FY 2020 and was able to grow its distribution to 18.3 cents per share. Management is also expecting a similar pay out in FY 2021. Based on the current BWP share price, this represents a 4.1% dividend yield.

Westpac Banking Corp (ASX: WBC)

The big four banks may have recovered strongly from their COVID lows, but they are still expected to provide investors with generous yields in 2021. Especially now APRA has removed its dividend restrictions on the sector.

Another positive is the way the economy, and particularly the housing market, is rebounding from the pandemic. This has many believing the worst is over for the banks and that they could deliver modest growth in the coming years.

In respect to dividends, analysts at UBS are forecasting a $1.00 per share dividend from Westpac in FY 2021 and then a $1.20 per share dividend in FY 2022. Based on the current Westpac share price, this represents fully franked ~5.2% and 6.2% dividend yields, respectively.

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 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 Bruce Jackson.

The post 2 ASX dividend shares with 4%+ yields 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!