2 high quality ASX dividend shares with yields above 4%

Rural Funds Group (ASX:RFF) and this ASX dividend share could be top options for income investors. Here’s why…
The post 2 high quality ASX dividend shares with yields above 4% appeared first on The Motley Fool Australia. –

If you’re looking to add some high quality ASX dividend shares to your portfolio, then you might want to consider the ones listed below.

Here’s what you need to know about these ASX dividend shares:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT. It is a real estate investment trust with a focus on high quality social infrastructure properties. This means properties with specialist use, limited competition, low substitution risk, and long leases. These are properties such as childcare centres and government buildings.

At the end of the first half of FY 2021, the Charter Hall Social Infrastructure REIT portfolio was 99.7% leased and had a weighted average lease expiry (WALE) of 14 years. This helped underpin a solid profit result for the period and allowed the company to increase its FY 2021 distribution guidance to 15.7 cents per unit.

Based on the current Charter Hall Social Infrastructure share price of $3.23, this represents a generous 4.9% yield.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. Like the Charter Hall Social Infrastructure REIT, it also enjoys ultra long leases. At the last count, the Australian agricultural-focused property company had a WALE of 11.1 years.

Positively, these leases have fixed rental increases built into them. This means the company is well-positioned to grow its distribution by its target rate of 4% per annum long into the future.

In FY 2021, the company intends to pay a distribution of 11.28 cents per share to its shareholders. After which, Rural Funds has guided to an FY 2022 distribution of 11.73 cents per share.

Based on the current Rural Funds share price of $2.43, this will mean attractive yields of 4.6% and 4.8%, respectively, over the next couple of 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.

Returns As of 15th February 2021

More reading

2 growing ASX dividend shares for income investors

2 high quality ASX dividend shares rated as buys

2 ASX dividend shares with generous yields

2 ASX 200 shares to buy for dividends

2 ASX dividend shares with 4%+ yields

The post 2 high quality ASX dividend shares with yields above 4% 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!