2 quality ASX dividend shares to buy next week

Coles Group Ltd (ASX:COL) and this ASX dividend share could be top options for income investors next week. Here’s why…
The post 2 quality ASX dividend shares to buy next week appeared first on The Motley Fool Australia. –

fingers walking up piles of coins towards bag of cash signifying asx dividend shares

Are you looking to add to your income portfolio in the near future? If you are, then you might want to look at the ASX dividend shares listed below.

Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX dividend share to look at is leading supermarket operator Coles.

It has been a strong performer over the last couple of years and particularly so far in FY 2021. For example, last month it released its half year results and revealed an 8% increase in revenue to $20,569 million and a 14.5% increase in net profit to $560 million.

This was driven by favourable trading conditions brought about by COVID-19. And while these tailwinds are fading, the company’s Refreshed Strategy and focus on automation look set to support its growth over the coming years.

Goldman Sachs remains confident in its growth trajectory and recently reaffirmed its buy rating and $20.70 price target.

The broker is also forecasting a 62 cents per share fully franked dividend for the 12 months. Based on the current Coles share price, this represents a 4% dividend yield.

National Storage REIT (ASX: NSR)

Another ASX dividend share to look at is National Storage. It is one of the ANZ region’s largest self storage operators with a total of over 190 centres. From these centres, it tailors self-storage solutions to residential and commercial customers.

National Storage looks well-placed for growth in the coming years thanks to the favourable housing cycle. A thriving housing market traditionally leads to solid demand for self-storage solutions.

In addition to this, the company has development and acquisition plans that look set to increase the size of its network further and boost its growth inorganically.

Based on the current National Storage share price and its guidance for FY 2021, its shares currently offer a forward 4.25% 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 COLESGROUP DEF SET. 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 to buy next week appeared first on The Motley Fool Australia.

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