Insights

2 top ASX dividend shares to buy for your income portfolio

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

man handing over wad of cash representing ASX retail capital return

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 ASX dividend shares named below. Here’s what you need to know about them:

BWP Trust (ASX: BWP)

BWP Trust could be an ASX dividend share to look at right now. The commercial property company is the largest owner of Bunnings Warehouse sites across Australia. At the last count, it owned a total of 68 properties which were leased to the home improvement giant.

With demand for home improvement products growing strongly and government stimulus supporting the industry, Bunnings has proven to a fantastic tenant for BWP. It has enjoyed high occupancy rates and been able to collect its rent as normal this year.

As a result, for the first half of FY 2021 BWP”s profit (including property revaluation gains) rose 6% over the prior corresponding period to $144 million.

This allowed management to reaffirm its plans to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this equates to a generous 4.6% dividend yield.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. It is another owner of commercial property. However, as its name implies, it targets a very different side of the market. 

Rural Funds owns a $1.1 billion portfolio of diversified agricultural assets, including almond and macadamia orchards, premium vineyards, water entitlements, cattle and cropping assets. These are all leased to high quality and experienced tenants.

At the end of the first half, Rural Funds had a very long weighted average lease expiry (WALE) of 11.1 years. This, combined with built in rental increases, means the company is well-placed to grow its distribution by its target of 4% per annum over the long term.

In FY 2021 Rural Funds intends to pay a 11.28 cents per share distribution and then an 11.73 cents per share distribution next year. Based on the current Rural Funds share price, this equates to 4.7% and 4.9% yields.

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 15th February 2021

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 top 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!