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Highlights
Investors lap up dividend stocks to boost their income.
There are firms which have offered a yield of above 4% despite recent economic challenges.
Investors would expect such a trend to continue going ahead as well.
Investors are always in search of shares with a track record of consistent dividend payment. The importance of such stocks has increased manifold amid the ongoing sluggishness in the economy. There are companies which have offered a yield of above 4% despite recent economic challenges.
On this note, let’s discuss these two ASX-listed shares which have dividend yields above 4%. Investors would look to include such stocks in their investment portfolios to boost their income.
NOTE: - High dividend-paying shares are not good always. A stock’s dividend yield might be on the higher side due to a significant fall in its stock price, implying financial trouble that could impact its ability to deliver future dividends.
National Storage REIT (ASX:NSR)
National Storage is one of the self-storage providers in Australia and New Zealand, providing residential and commercial storage to customers at over 200 centres. The company provides solutions to more than 100,000 customers.
The self-storage centres are located in North Queensland, Gold Coast, Brisbane, Canberra, Sydney, Melbourne, Adelaide, Hamilton, Wellington, etc.
National Storage REIT’s management expects the company to grow further as the self-storage industry is currently in the consolidation phase. It would lead to further income and distribution growth in the long term.
Based on Wednesday’s closing share price of National Storage, the annual dividend yield stands at 4.5%.
Rural Funds Group (ASX:RFF)
Rural Funds Group is a real estate investment trust (REIT) which owns a diversified portfolio of Australian agricultural assets that are leased predominantly to corporate agricultural operators. These primarily include almond and macadamia orchards, vineyards, poultry farms, etc.
Rural Funds has leased its properties to companies such as meat processor JBS Australia and wine giant Treasury Wine Estates. It bodes well for its future earnings and distributions.
In FY2022, Rural Funds Group intends to boost its dividend by its annual target rate of 4% to 11.73 cents per share. In FY2023, the company intends to lift its distribution to 12.2 cents per share.
Based on Wednesday’s closing share price of Rural Funds, the annual dividend yield stands at 4.47%.
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