Business
3 reasons why Rural Funds (ASX:RFF) is a great ASX dividend share
Rural Funds Group (ASX: RFF) is a really good ASX dividend share and could be a great option for income investors to consider.
What is Rural Funds?
Rural Funds is a real estate investment trust (REIT) which owns farmland across Australia. It is quite diversified with different farm types including almonds, macadamias, vineyards, cattle and cropping (sugar and cotton).
Why is it such a good ASX dividend share?
1: Yield
The most important thing for an ASX dividend share is the dividends, or distributions in Rural Funds’ case.
Rural Funds pays its distribution from the cash net rental profit each year. This measure is called the adjusted funds from operations (AFFO).
In FY21 it’s expecting to generate 11.7 cents of AFFO per…
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