Are you interested in bolstering your income portfolio with some dividend shares? If you are, you may want to look at the two listed below.
Here's what you need to know about these ASX dividend shares:
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National Storage REIT (ASX: NSR)
National Storage is a leading self-storage operator with a portfolio of over 210 centres. From these centres, the company provides tailored storage solutions to over 85,000 residential and commercial customers.
While this is a large number, management continues to believe that it has plenty of room to expand its network further in the future.
National Storage's Chairman, Laurence Brindle, commented at its AGM: "The ownership of self storage centres remains highly fragmented, and we are confident that this pipeline of high-quality storage centres will continue to create acquisition opportunities for the foreseeable future."
This bodes well for its distribution growth over the long term. For now, though, management is guiding to earnings per share growth of 10% in FY 2022. If its distribution grows in line with its earnings, it will mean a distribution of 9.02 cents per share. Based on the current National Storage share price of $2.62, this would equate to a yield of 3.4%.
Rural Funds Group (ASX: RFF)
Rural Funds is an agricultural real estate investment trust (REIT) that owns a portfolio of Australian agricultural assets. These high quality assets are leased to corporate agricultural operators including industry giants such as Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE).
The company has also been adding to its portfolio with acquisitions in recent months. This includes the acquisition of cattle and cropping properties and macadamia orchards in Queensland.
Management notes that these acquisitions are consistent with its strategy. This is of acquiring assets with potential for productivity improvements in agricultural sectors it has experience in and that Australia has a comparative advantage.
As for its dividends, management is intending to increase its distribution by its annual target rate of 4% to 11.73 cents per share in FY 2022. Based on the current Rural Funds share price of $3.10, this represents an attractive yield of 3.8%.
