Rural Funds Group (ASX:RFF) and this ASX dividend share could be great options for income investors right now. Here’s why…
The post 2 quality ASX dividend shares to buy this week appeared first on The Motley Fool Australia. –
Are you looking for some top ASX dividend shares to add to your income portfolio?
Then you might want to take a look at the dividend shares listed below. Here’s what you need to know about them:
National Storage REIT (ASX: NSR)
The first ASX dividend share to look at is National Storage. From over 190 locations across the ANZ region, it tailors self-storage solutions to residential and commercial customers.
While 190 locations may sound like a large number, management still sees plenty of room for growth through acquisitions and developments. So much so, it recently revealed that since the end of FY 2020, National Storage has completed eight acquisitions for $139 million and is working to complete a number of development projects.
It also reiterated that it expects to report underlying earnings per share of 7.7 cents to 8.3 cents in FY 2021 and plans to payout 90% to 100% to shareholders.
Based on the middle of both guidance ranges and the current National Storage share price, this represents a 4.2% 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 Australian agricultural assets that are leased to highly experienced operators.
Last week it released its half year results and revealed adjusted funds from operations (AFFO) per unit of 6.6 cents. This means it is on track to achieve its full year forecast.
It also revealed that its ultra-long weighted average lease expiry (WALE) metric had increased further. It was up from 10.9 years to 11.1 years over the last six months.
In addition to this, management reaffirmed its FY 2021 distribution guidance of 11.28 cents per share and unveiled its FY 2022 guidance of 11.73 cents per share.
Based on the current Rural Funds share price, this will mean yields of 4.8% and 5%, 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.