Two ASX dividend shares to watch out for in Jan 2022

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Two ASX dividend shares to watch out for in Jan 2022

 Two ASX dividend shares to watch out for in Jan 2022
Image source: Andrii Yalanskyi,Shutterstock

Highlights

  • Dividend shares are usually in hot demand among investors as they provide a steady income source.
  • Several ASX-listed firms managed to pay dividends to their shareholders in 2021 despite COVID-19 blues.
  • Investors are expecting the same to continue in 2022 as well.

Dividend shares provide a steady income source and hence, are usually a hot favourite of investors. Despite the challenges posed by COVID-19 last year, several ASX-listed firms managed to pay dividends to their shareholders. In 2021, firms operating in the consumer discretionary, consumer staples, and technology sectors gave double-digit growth in dividends and investors expect the same to continue in 2022 as well.

(High dividend-paying shares are not always good though. A stock may have a higher dividend yield due to a significant fall in its stock price, implying financial trouble that could impact its ability to deliver future dividends)

Here are two ASX-listed dividend shares with yields over 3%, which investors can look at in January 2022:

National Storage REIT (ASX:NSR)

National Storage REIT is a real estate sector entity which operates and manages self-storage centers. The company offers tailored storage solutions to more than 85,000 residential and commercial customers.

The company sees high growth potential in the coming years. “The ownership of self-storage centres remains highly fragmented, and we are confident that this pipeline of high-quality storage centres will continue to create acquisition opportunities for the foreseeable future,” Chairman, Laurence Brindle, commented said at its recent annual general meeting (AGM).

The company’s management expects earnings per share growth of 10% in FY2022, implying a distribution of 9.02 cents per share. Based on Thursday’s share price (closing) of AU$2.62, the company’s dividend yield stands at 3.4%.

Meanwhile, the stock has yielded a negative year-to-date (YTD) return of over 1%. However, in the past one year, the stock price has appreciated over 42%.

 

Source: © Moth   | Megapixl.com

Rural Funds Group (ASX:RFF)

Rural Funds Group is a listed real estate investment trust and is managed by Rural Funds Management Ltd (RFM), which is the largest fund under management. The portfolio of high-quality Australian agricultural assets is leased to corporate agricultural operators.

The firm acquired some properties last year including cattle and cropping properties and macadamia orchards in Queensland.

The company plans to increase its dividend by its annual target rate of 4% to 11.73 cents per share in FY 2022. Based on Thursday’s Rural Funds share price (closing) of AU$3.10, its dividend yield stands at 3.8%.

Meanwhile, the stock has given a negative year-to-date (YTD) return of nearly 1%. In the past one year, the stock price has risen over 22%.

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