2 reliable ASX dividend shares for income investors to buy

BWP Trust (ASX:BWP) and this reliable ASX dividend share could be top options for income investors right now…
The post 2 reliable ASX dividend shares for income investors to buy appeared first on The Motley Fool Australia. –

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

Are you looking for some reliable ASX dividend shares to add to your portfolio? 

Then you might want to take a look at the dividend shares listed below. Here’s what you need to know about them:

BWP Trust (ASX: BWP)

The first reliable ASX dividend share to look at is BWP Trust. It is a real estate investment trust (REIT) investing in and managing commercial properties throughout Australia. The majority of the company’s properties are large format retailing properties. These are predominantly warehouses leased to home improvement giant Bunnings Warehouse.

In fact, BWP is the largest owner of Bunnings properties with a total of 68 properties leased to the retailer at present. Bunnings has proven to be a fantastic tenant to have. While many retail landlords have struggled during the pandemic, BWP has continued to thrive thanks to the strong performance of Bunnings.

Pleasingly, Bunnings’ owner, Wesfarmers Ltd (ASX: WES) has reported very strong sales growth so far in FY 2021 for the home improvement business. This appears to indicate that it will be business as usual for BWP’s rental collections this year.

Which, based on management’s commentary, is likely to mean a distribution of at least 18.29 cents per unit. And with the current BWP share price trading at $4.30, this will mean a 4.25% yield for investors. 

Rural Funds Group (ASX: RFF)

Another reliable dividend share to look at is Rural Funds. It is a REIT that owns a diversified portfolio of high quality Australian agricultural assets.

At the end of FY 2020, Rural Funds owned a total of 61 properties with a combined value of $1 billion and an ultra long weighted average lease expiry (WALE) of 10.9 years. From these properties it grew its adjusted funds from operations (AFFO) to 11.7 cents per share, allowing the Rural Funds board to increase its full year distribution to 10.8 cents per share.

In line with management’s targets, it plans to increase its dividend again this year. It intends to increase its distribution by 4% to 11.28 cents per share. Which based on the current Rural Funds share price, works out to be a generous 4.55% yield.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Click Here For Your Free Stock Report

Returns As of 6th October 2020

More reading

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 Australia owns shares of Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!