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:
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Rural Funds Group (ASX: RFF)
The first ASX dividend share to look at is Rural Funds. It is an Australian agricultural property company with a portfolio of high quality assets across five sectors. These comprise almonds, cattle, vineyards, cropping, and macadamias.
These high quality properties are leased to some of the biggest players in the agricultural sector such as Treasury Wine Estates Ltd (ASX: TWE) and Select Harvests Limited (ASX: SHV) on long term leases.
For example, at the last count the company's weighted average lease expiry stood at 9.3 years. Combined with periodic rental increases, this gives Rural Funds great visibility on its future earnings and allows management to target distribution growth of 4% each year.
Speaking of which, in FY 2022 the company intends to increase its distribution by its target rate to 11.73 cents per share. Based on the current Rural Funds share price of $2.80, this represents an attractive yield of 4.2%.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share to look at is Telstra. This telco giant has returned to form this year thanks to the success of its T22 strategy.
The good news is that the company's new T25 strategy is aiming to build on this and deliver solid earnings growth over the medium term. This has led to many analysts now pencilling in dividend increases for the first time in a decade in the coming years, much to the delight of shareholders.
In the meantime, Telstra is guiding to a fully franked 16 cents per share dividend again in FY 2022. Based on the current Telstra share price of $3.92, this represents a 4.1% dividend yield.
