The good news for income investors in this low interest rate environment, is that there are plenty of ASX shares offering attractive dividend yields.
Two such shares are listed below. Here's what you need to know about them and their dividends:
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BWP Trust (ASX: BWP)
The first ASX dividend share to look at is this commercial property company.
BWP was formerly owned by Woolworths Group Ltd (ASX: WOW), which remains a major shareholder today. It has a focus on warehouses and is the largest owner of Bunnings Warehouse properties.
While having such a reliance on a single customer is ordinarily a risk, as Bunnings is owned by Woolworths, it seems unlikely that the retail giant would do anything such as mass lease exits that would negatively impact its investment.
Especially given how Woolworths has been generating significant passive income from BWP thanks to generous dividend payments. For example, in FY 2021, BWP paid an 18.29 cents per unit distribution. It also plans to pay a similar distribution this year. Based on the current BWP share price of $4.23, this will mean a 4.3% dividend yield.
National Storage REIT (ASX: NSR)
Another ASX dividend share to look at is National Storage. It is Australasia's largest self-storage provider, tailoring self-storage solutions to residential and commercial customers at over 200 storage centres across Australia and New Zealand.
Thanks to a combination of organic growth and the benefits of acquisitions, National Storage was on form in FY 2021 and reported a 28% increase in underlying earnings to $86.5 million. This allowed the National Storage Board to declare a full year distribution of 8.2 cents per share.
Looking ahead, management expects to grow its underlying earnings per share by 10% in FY 2022. If its distribution increases in line with its earnings, this would lead to a distribution of 9.02 cents per share. Based on the current National Storage share price of $2.67, this represents a yield of 3.4%.
