2 ASX dividend shares I think are great value today

MotleyFool
06-11

There are some wonderful ASX dividend shares for investors worth buying for both their dividend yield and the value on offer.

I like to regularly invest to boost my portfolio, find opportunities and grow my passive income.

With that in mind, I think there are some wonderful stocks that may be my next investment. Below are two ASX dividend shares that I'm bullish about.

Dexus Industria REIT (ASX: DXI)

This real estate investment trust (REIT) is primarily invested in high-quality industrial warehouses.

The business is benefiting from a number of useful trends including strong population growth and higher online penetration rates, which are expected to support demand for industrial properties. I think RBA rate cuts could also help the business by lifting rental profits and boosting property valuations.

In the FY25 half-year result, it said that its total development pipeline is $269 million and equates to interests in 287,900 square metres in major hubs in Sydney and Perth, providing a potential further income boost, targeting a yield on cost of at least 6.25%.

The ASX dividend share also has 85% of its portfolio on average fixed rental growth of 3.3% per year, which is a solid growth rate.

It's expecting to pay a distribution of 16.4 cents per unit in FY25, translating into a distribution yield of 5.6%.

At the current Dexus Industria REIT unit price, it's trading at an 11% discount to its net tangible assets (NTA), which I think is appealing.

MFF Capital Investments Ltd (ASX: MFF)

MFF is best known as a business that owns a portfolio of international shares, which are aimed at delivering strong returns for investors.

The portfolio is run by Magellan Financial Group Ltd (ASX: MFG) co-founder Chris Mackay. In the FY25 half-year result, Mackay explained in February what sort of businesses it targets:

The businesses that comprise MFF's portfolio companies are advantaged. We believe that they have high probabilities of maintaining their competitive advantages and of achieving well above average levels of profitable growth over the medium term. In addition to benefitting from ongoing business compounding from previous purchases (usually held for many years), MFF also benefits from periodic portfolio purchases at attractive prices.

…We continue to believe that predictable sustainable profitable growth may remain relatively scarce across economies; relatively speaking it may become more valuable for investors and conversely many sectors and companies are expected to feel increased competition, margin and pricing pressures.

This strategy has led to the portfolio having large positions (of more than 6% of the portfolio) in companies like Alphabet, Mastercard, Visa, Amazon, Meta Platforms and Microsoft.

Pleasingly, the ASX dividend share has grown its ordinary annual dividend every year from 2018. In FY25, the annual dividend per share is guided to be 16 cents per share, translating into a grossed-up dividend yield of 5.2%, including franking credits.

It's currently trading at a 12% discount to its pre-tax net tangible assets per share as of 6 June 2025. That looks like an appealing valuation to me.

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