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2 quality ASX dividend shares for income investors

BWP Trust (ASX:BWP) and this excellent ASX dividend share could be quality options for income investors. Here’s why…
The post 2 quality ASX dividend shares for income investors appeared first on The Motley Fool Australia. –

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If you’re wanting to bolster your portfolio with some dividend shares, then the two listed below could be worth considering.

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

BWP Trust (ASX: BWP)

BWP Trust could be an ASX dividend share to look at right now. The commercial property company is the largest owner of Bunnings Warehouse sites across Australia. At the last count, it owned a total of 68 properties which were leased to the home improvement giant.

With demand for home improvement products growing strongly and government stimulus supporting the industry, Bunnings is arguably the dream tenant for any retail landlord. 

As a result, it will come as no surprise to learn that BWP has been performing positively. For example, during the first half of FY 2021, BWPs profit (including property revaluation gains) rose 6% over the prior corresponding period to $144 million.

This allowed management to reaffirm its plans to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this equates to a generous 4.5% dividend yield.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. It is the owner of a diverse portfolio of high quality agricultural assets across five sectors. These are almonds, cattle, vineyards, cropping and macadamias.

Rural Funds’ assets are leased on extremely long term leases to highly experienced operators such as Select Harvests Limited (ASX: SHV) (almonds) and Treasury Wine Estates Ltd (ASX: TWE) (vineyards).

In February the company released its half year update and revealed a result in line with expectations. This means it is on course to deliver on its FY 2021 distribution guidance of 11.28 cents per share. Management also revealed plans to increase its distribution by its target rate of 4% to 11.73 cents per share in FY 2022.

Based on the current Rural Funds share price, this will mean yields of 4.6% and 4.8%, respectively.

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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 RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 quality ASX dividend shares for income investors appeared first on The Motley Fool Australia.

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