2 quality ASX dividend shares with 4%+ yields

These dividend shares could be worth a closer look…
The post 2 quality ASX dividend shares with 4%+ yields appeared first on The Motley Fool Australia. –

If you’re looking to boost your income with some dividend shares, then you might want to look at the ones listed below.

Both dividend shares are expected to provide investors with attractive yields in the near term. Here’s what you need to know about them:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.

The Charter Hall Social Infrastructure REIT is a real estate investment trust that invests in social infrastructure properties. These are properties with low competition and substitution risk and long leases such as childcare centres and government sites.

Demand for its properties has been very strong, leading to a sky high occupancy rate, favourable revaluations, and strong profit growth. For example, in FY 2021, the company reported a 103% increase in statutory profit to $174.1 million. This allowed Charter Hall Social Infrastructure REIT to pay an ordinary dividend of 15.7 cents per share in FY 2021.

Pleasingly, management expects further growth in FY 2022. Its guidance reveals that it expects to pay 16.7 cents per share dividend, which represents a 6.4% increase year on year. Based on the current Charter Hall Social Infrastructure REIT share price of $3.75, this will mean a yield of 4.5%.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets that are leased to some of the biggest players in the agricultural sector on long term agreements.

As these long leases have fixed rental increases built into them, the company appears well-positioned to grow its rental income at a consistently solid rate over the next decade. This gives management great visibility with its future earnings, leaving it well-placed to achieve its distribution growth target of 4% per annum.

That certainly appears likely to be the case in FY 2022. Rural Funds advised that it intends to reward its shareholders with a distribution of 11.73 cents per share this year. This will be up 4% on FY 2021’s distribution. Based on the current Rural Funds share price of $2.80 this will mean a yield of 4.2%.

The post 2 quality ASX dividend shares with 4%+ yields appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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.

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