Insights

2 top ASX dividend shares with attractive yields

These top dividend shares could help income investors overcome low interest rates…
The post 2 top ASX dividend shares with attractive yields appeared first on The Motley Fool Australia. –

With low interest rates likely to be here for some time to come, it certainly is a difficult time for income investors.

While this is disappointing, investors need to worry. This is because there are plenty of ASX dividend shares that can help you overcome low rates. Two to look at are listed below:

Coles Group Ltd (ASX: COL)

This supermarket giant could be a dividend share to consider buying. This is thanks to its very positive long term growth outlook, which is being underpinned by its strong market position, defensive qualities, and focus on cutting costs with automation. The latter has seen the company invest heavily in a new distribution centres with Ocado.

One leading broker that is a fan of Coles is Goldman Sachs. It recently put a buy rating and $19.40 price target on its shares. Based on the current Coles share price of $16.93, this implies potential upside of 14.5% over the next 12 months.

This potential return gets even better when you factor in the fully franked dividends of 62 cents per share in FY 2021 and then 67 cents per share in FY 2022 that Goldman is forecasting. These dividends currently represent yields of 3.7% and 3.9%, respectively, over the next two years.

National Storage REIT (ASX: NSR)

Another dividend share to look at is National Storage. It is one of the largest self-storage operators in the ANZ region with a network of over 200 centres. And while this is a large network, management doesn’t plan to stop at that.

The company continues to see room to expand its network in the future via its development projects and growth through acquisition strategy. In fact, the company recently raised $325 million to strengthen its balance sheet and replenish its investment capacity.

This is expected to underpin solid income and distribution growth over the next decade, especially given the booming housing market. Traditionally a thriving housing market leads to growing demand for its services as people move homes or downsize.

Analysts at Ord Minnett currently have an accumulate and $2.20 price target on the company’s shares. The broker is also forecasting dividends of 8.2 cents per share in FY 2021 and then 8.6 cents per share in FY 2022. Based on the latest National Storage share price of $2.04, this will mean yields of 4% and 4.2%, respectively.

The post 2 top ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.

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.

Returns As of 15th February 2021

More reading

Temple & Webster share price surges with other ASX COVID winners

ASX 200 Weekly Wrap: Share market breaks 5 week winning streak

2 growing ASX dividend shares for income investors

Why the Coles (ASX:COL) share price is pushing higher today
Here are 3 ASX shares going ex-dividend next week

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 COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!