With interest rates at record lows and potentially going even lower in the near term, it certainly is a tough environment for income investors.
Fortunately for them, the share market is home to a large number of companies offering attractive dividend yields.
Two top ASX dividend shares that I think would be great options right now are listed below. Here's why I would buy them:
Bravura Solutions Ltd (ASX: BVS)
I think Bravura Solutions would be a great option for income investors. Bravura is a leading provider of software products and services to the wealth management and funds administration industries. It has a number of products in its arsenal such as the Rufus transfer agency solution and the Midwinter financial planning solution.
However, the key product for me is the Sonata wealth management platform. It has a massive market opportunity and looks well-placed to underpin Bravura's growth in the coming years once the pandemic passes. For now, I estimate that it will pay shareholders an 11.5 cents per share dividend in FY 2021. Based on the current Bravura share price, this equates to a 3.2% dividend yield.
National Storage REIT (ASX: NSR)
A second dividend share to consider buying is National Storage. I think the self-storage operator could be a good option for income investors due to its strong market position and positive long term outlook thanks to its organic and inorganic growth opportunities.
And while the company's earnings are likely to be flat at best in FY 2021 because of the pandemic, I'm confident that it will return to growth once it passes. Especially given predictions for house prices to rise strongly next year. This could lead to higher housing sales activity and increasing demand for its centres. For now, based on the current National Storage share price, I estimate that it offers investors a forward 4.1% dividend yield.
