Telstra Corporation Ltd (ASX:TLS) and this ASX dividend share could be top options for income investors right now. Here’s why…
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Are you wanting to bolster your income portfolio with some ASX dividend shares?
Then you might want to take a look at the ones listed below. Here’s what you need to know about these ASX dividend shares:
BWP Trust (ASX: BWP)
The first ASX dividend share to consider adding to your income portfolio is BWP. It is a commercial property company with a focus on Bunnings Warehouse properties.
In fact, it is the largest owner of the hardware giant’s properties, with a total of 68 in its portfolio. In addition to this, seven of its properties have adjacent retail showrooms that the trust owns and leases to other retailers.
BWP has been a consistently positive performer over the last decade, thanks largely to the quality of its tenancies. This has led to strong share price gains and equally strong dividend growth.
Positively, FY 2021 looks set to be another year of generous dividends, with the company planning to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this represents a 4.6% dividend yield.
Telstra Corporation Ltd (ASX: TLS)
Another option to consider buying for your income portfolio is this telco giant.
While Telstra has had a few tough years because of the NBN rollout, the future is looking increasingly positive now. This is thanks to the simplification of its business, cost cutting, and rational competition in the telco market.
In addition to this, Telstra is in the process of splitting into three separate entities and looking to monetise some of its assets.
Analysts at Morgan Stanley are fans of the plans and recently upgraded the company’s shares to an overweight rating with a $4.00 price target. The broker is also forecasting 16 cents per share fully franked dividends for the foreseeable future.
Based on the latest Telstra share price, this equates to a 4.7% dividend yield.
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Returns As of 15th February 2021
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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