2 ASX dividend shares with attractive 4%+ yields

These dividend shares offer attractive yields…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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 about them:

large block letters depicting four percent representing high yield asx dividend shares

Image source: Getty Images

Rural Funds Group (ASX: RFF)

The first ASX dividend share to look at is Rural Funds. It is an Australian property company that owns a diversified portfolio of agricultural assets which are leased predominantly to corporate agricultural operators.

Management is targeting distribution growth of 4% per annum and aims to achieve by owning and improving farms that are leased to good counterparties.

It has been a case of so far so good for this strategy. In FY 2021, the company was on form again and grew its distribution by 4% to 11.28 cents per share. It has also provided guidance for a 4% increase in its distribution to 11.73 cents per share in FY 2022.

Based on the current Rural Funds share price of $2.75, this will mean a yield of 4.3%. Another positive is that this distribution is paid in quarterly instalments.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share with an attractive yield is Telstra. In FY 2021, the telco giant paid shareholders a fully franked dividend of 16 cents per share. Based on the current Telstra share price of $3.93, this represents a 4% dividend yield.

The good news is that Telstra is expecting to return to growth in FY 2022 and another 16 cents per share dividend is forecast.

But even better is the company's longer term outlook. Telstra recently released its T25 plan which reveals bold growth plans through to FY 2025. This has led to many analysts believing that Telstra could soon increase its dividend for the first time in a decade. This would make its already attractive yield even more attractive for income investors.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Share Market News

Testing again

Read more »

Share Market News

Aaron Test 2

Read more »

Share Market News

Aaron Test

Read more »

Share Market News

JP Test

Read more »

Share Market News

JP Test

Read more »

Portrait of Discovery Fund portfolio managers Mark Devcich and Chris Bainbridge
Share Market News

Test

Portfolio managers Mark Devcich (left) and Chris Bainbridge. Image source: Discovery Fund test test

Read more »

a man in a hoodie grins slyly as he sits with his hands poised on a keyboard. He is superimposed with a graphic image of a computer screen asking for a password, suggesting he is a hacker.
Share Market News

Another ASX 200 company has been hit with a cyber incident. Here's what we know

Hackers have breached the systems of this ASX 200 company.

Read more »

a woman
Broker Notes

5 ASX 200 shares that inflation can't touch: expert

Regardless of whether you're a bull or a bear, cost pressures are a factor when buying stocks at the moment.

Read more »