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 dividend shares are listed below. Here's what you need to know about them:
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BWP Trust (ASX: BWP)
The first ASX dividend share to look at is BWP. It is a commercial property company with a focus on warehouses. The vast majority of these warehouses are leased to Bunnings Warehouse, which actually makes BWP the largest owner of the hardware giant's properties.
Thanks largely to the strength of the Bunnings business, it has been a positive performer over the last couple of years and has been able to collect rent largely as normal. This was the case again during the first half of FY 2022, with BWP recently reporting a 97.6% occupancy rate and 2.2% like for like rental income growth.
In FY 2021, BWP paid an 18.29 cents per unit distribution. It intends to pay a similar distribution in FY 2022. Based on the current BWP share price of $4.02, this will mean a 4.55% dividend yield.
National Storage REIT (ASX: NSR)
Another ASX dividend share for income investors to look at is National Storage. It is one of the ANZ region's largest self-storage operators. National Storage currently operates over 200 storage centres and provides tailored storage solutions to almost 100,000 residential and commercial customers.
It has been a positive performer as well over the last few years. This has been underpinned by a combination of organic growth and the benefits of acquisitions. And despite the size of its network, management believes there's still plenty more acquisition opportunities in this fragmented market to drive its future growth.
In FY 2022, management is guiding to ~10% underlying earnings per share growth. If it were to grow its distribution in line with its earnings, it would mean a distribution of 9.02 cents per share. Based on the current National Storage share price of $2.47, this would equate to a yield of 3.65%.
