2 ASX dividend shares with yields over 5% today // Motley Fool Australia

Since the Reserve Bank of Australia (RBA) cut interest rates again last week to another record low of just 0.1%, the importance of owning dividend shares for income purposes has only increased. With rates at such low levels, there are simply no real ‘safe’ alternatives anymore to a dividend if you want meaningful cash flow from your investments.

Sure, you could try a Commonwealth Bank of Australia (ASX: CBA) term deposit, but those are now going for, at most, 0.6% per annum these days. But there are some ASX dividend shares out there today that run miles around those kinds of numbers. Here are 2 such shares, both offering fully franked dividend yields of more than 5% today.

3 ASX dividend shares with a yield over 5% today

JB…