2 ASX dividend shares with generous yields to buy now

Wesfarmers Ltd (ASX:WES) and this ASX dividend share offer income investors generous dividend yields. Here’s why they could be buys…
The post 2 ASX dividend shares with generous yields to buy now appeared first on The Motley Fool Australia. –

man carrying large dollar sign on his back representing high P/E ratio or dividend

Are you looking for some dividend shares to add to your portfolio? Then take a look at the ones listed below.

Here’s why these dividend shares could be great options for income investors right now:

Aventus Group (ASX: AVN)

The first ASX dividend share to consider is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres.

Thanks to its focus on the household goods sector and everyday needs, which have been performing positively during the pandemic, Aventus has been able to collect rent largely as normal in FY 2021.

In fact, the company reported a 6.5% increase in funds from operations (FFO) to $55.9 million during the first half. Positively, more of the same is expected in the second half.

One broker that was pleased with its result was Goldman Sachs. Following the release, the broker reiterated its buy rating and $3.04 price target on its shares. Goldman is also forecasting a 16.6 cents per share full year dividend in FY 2021.

Based on the latest Aventus share price of $2.91, this represents a generous 5.7% dividend yield.

Wesfarmers Ltd (ASX: WES)

This conglomerate could be another ASX dividend share to buy. Wesfarmers has been a very positive performance during the pandemic, with the majority of its businesses delivering solid sales and profit growth.

This underpinned a very strong first half performance, which saw Wesfarmers report a 16.6% increase in revenue to $17,774 million and a 25.5% jump in net profit after tax to $1,414 million.

Goldman Sachs was also pleased with this result. In response to it, the broker put a buy rating and $59.70 price target on its shares. Goldman is also forecasting a fully franked dividend of $1.88 per share in FY 2021.

Based on the latest Wesfarmers share price of $53.53, this represents an attractive 3.5% yield.

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Returns As of 15th February 2021

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

The post 2 ASX dividend shares with generous yields to buy now appeared first on The Motley Fool Australia.

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