Insights

2 reliable ASX dividend shares to buy for your income portfolio

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

Hand drawing growing Dividends investment business graph with blue marker on transparent wipe board.

Are you looking for some reliable 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:

BWP Trust (ASX: BWP)

The first ASX dividend share to look at is commercial property company BWP Trust. It is the largest owner of Bunnings Warehouse sites across Australia with 68 properties leased to the home improvement giant.

Thanks to the strong performance of the Bunnings business during the pandemic, BWP has been able to collect the majority of its rent as normal over the last 12 months.

This and favourable property revaluations led to BWP’s overall profit climbing 6% over the prior corresponding period to $144 million during the first half of FY 2021.

With the results release, management reaffirmed plans to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this represents a generous 4.65% dividend yield.

Rural Funds Group (ASX: RFF)

Another reliable ASX dividend share to look at is Rural Funds. It owns a diverse portfolio of high quality Australian agricultural assets which are leased to highly experienced operators.

At the end of FY 2020, Rural Funds owned a total of 61 properties with a combined value of $1 billion and a very long weighted average lease expiry (WALE) of 10.9 years.

Thanks to built in rental increases and these long leases, management believes it can grow its distribution by 4% per annum over the long term. This is expected to be the case this year, with the company intending to pay shareholders a distribution of 11.28 cents per share.

Based on the current Rural Funds share price, this works out to be an attractive 4.5% yield for income investors.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

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 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 to buy for your income portfolio 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!