If you're looking to boost your income with some dividend shares, then you might want to consider the ones listed below.
Both dividend shares are expected to provide investors with attractive yields in the near term. Here's what you need to know:
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BWP Trust (ASX: BWP)
The first ASX dividend share to take a look at is BWP. It is a commercial property company and the largest owner of Bunnings Warehouse sites across Australia. At the end of the first half, the company owned a total of 68 properties which were leased to Australia's home improvement giant.
While having such reliance on a single tenant is not usually a good idea, it certainly has been a big positive for BWP. Thanks to Bunnings' strong performance over the last few years, despite whatever the economy throws at it, BWP has been able to grow its rental income at a decent rate. This has led to the company's distribution also growing nicely, much to the delight of income investors.
It is also worth noting that Wesfarmers Ltd (ASX: WES) is both the owner of Bunnings and a former owner and current major shareholder of BWP with a 24.2% stake. As a result, it is unlikely to do anything that would impact the value of its investment.
This year the company's board plans to pay a full year distribution of ~18.3 cents per share. Based on the current BWP share price, this equates to an attractive 4.3% dividend yield.
Rural Funds Group (ASX: RFF)
Another ASX dividend share to consider is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets.
These properties are leased to some of the biggest players in the agricultural sector on very long term agreements. And with these leases including periodic rental increases, the company is well-placed to deliver on its target of growing its distribution by 4% each year.
In FY 2022, Rural Funds intends to reward its shareholders with a distribution of 11.73 cents per share. This will be up 4% on FY 2021's planned distribution of 11.28 cents per share. Based on the current Rural Funds share price of $2.54, this represents an attractive yield of 4.6%.
