Insights

2 top ASX dividend shares with generous yields to buy

Here’s why Rural Funds Group (ASX:RFF) and this ASX dividend share could be great options for income investors right now…
The post 2 top ASX dividend shares with generous yields to buy appeared first on The Motley Fool Australia. –

dividend shares

Are you fed up with the low interest rates on savings accounts? You’re not the only one, if you are.

The good news is that the ASX is home to a large number of shares with attractive dividend yields. Two to consider are as follows:

National Storage REIT (ASX: NSR)

National Storage is one of the region’s largest self-storage operators with over 190 locations.

It recently released its half year results and revealed underlying earnings of $39.2 million. This was an increase of 14% over the prior corresponding period.

This was driven by a solid increase in its occupancy rate to 85.4% and the acquisition and development of new centres.

Looking ahead, management has lifted its full year guidance for underlying earnings in the range of 8.1 to 8.5 cents per share. From this, it plans to payout 90% to 100% to shareholders as distributions.

Based on the latest National Storage share price, this will mean a distribution yield of ~4.2%.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust which owns a diverse portfolio of high quality Australian agricultural assets. These assets are leased to highly experienced operators, such as Treasury Wine Estates Ltd (ASX: TWE), on very long leases.

In fact, when it released its half year results, management revealed that its weighted average lease expiry (WALE) metric had increased from 10.9 years to 11.1 years.

Another positive was that management reaffirmed its FY 2021 distribution guidance of 11.28 cents per share. Based on the current Rural Funds share price, this will mean a 4.9% yield.

In addition to this, the company revealed its FY 2022 distribution guidance for the first time. It plans to pay shareholders 11.73 cents per share next year, which represents a 5% yield. This is in line with management’s aim of growing its distribution by 4% per annum.

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 and Treasury Wine Estates 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 top ASX dividend shares with generous yields 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!