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2 ASX dividend shares with 4%+ yields


#In 2020 the #Reserve #Bank cut the cash rate to the lowest levels that we’ve ever seen in #Australia. #This was undoubtedly a bitter blow to income investors.

#Fortunately, in this low interest rate environment, the #Australian share market is home to dividend shares that offer investors generous yields.

#For example, two ASX shares dividend shares with yields above 4% are listed below. #Here’s what you need to know about them:

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The first dividend share to look at is BWP #Trust. #It is the largest owner of #Bunnings #Warehouse sites in #Australia. #It currently owns 68 stores, with seven of these properties having adjoining retail showrooms that are leased to other retailers. #At the last count, the company’s portfolio was valued at ~$2.5 billion and had an occupancy rate of 98%.

#Due to the strength of its tenancies, BWP was a solid performer in FY 2020 and was able to grow its distribution to 18.3 cents per share. #Management is also expecting a similar pay out in FY 2021. #Based on the current BWP share price, this represents a 4.1% dividend yield.

#Westpac #Banking #Corp (ASX: WBC)

The big four banks may have recovered strongly from their COVID lows, but they are still expected to provide investors with generous yields in 2021. #Especially now APRA has removed its dividend restrictions on the sector.

#Another positive is the way the economy, and particularly the housing market, is rebounding from the pandemic. #This has many believing the worst is over for the banks and that they could deliver modest growth in the coming years.

#In respect to dividends, analysts at UBS are forecasting a $1.00 per share dividend from #Westpac in FY 2021 and then a $1.20 per share dividend in FY 2022. #Based on the current #Westpac share price, this represents fully franked ~5.2% and 6.2% dividend yields, respectively.

These #Dividend #Stocks #Could #Be #Your #Next #Cash #Kings (FREE REPORT)

#Motley #Fool #Australia’s #Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

#Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. #But more importantly, could potentially make #Australian investors a heap of passive income.

#Don’t miss out! #Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

#Returns #As of 6th #October 2020


#Motley #Fool contributor #James #Mickleboro has no position in any of the stocks mentioned. The #Motley #Fool #Australia has no position in any of the stocks mentioned. The #Motley #Fool has a disclosure policy. #This article contains general investment advice only (under AFSL 400691). #Authorised by #Bruce #Jackson.



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https://www.fool.com.au/2020/12/31/2-asx-dividend-shares-with-4-yields-3/

#ASX #dividend #shares #yields

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