Insights

2 ASX dividend shares with very attractive yields

Wesfarmers Ltd (ASX:WES) and this ASX dividend share offer income investors very attractive yields right now…
The post 2 ASX dividend shares with very attractive yields appeared first on The Motley Fool Australia. –

Hand drawing growing Dividends investment business graph with blue marker on transparent wipe board.

If you’re an income investor searching for dividend shares to buy, then you may want to take a look at the ones listed below.

These ASX dividend shares offer investors very attractive yields in the current low interest environment. Here’s what you need to know about them:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT. It is the largest ASX-listed real estate investment trust investing in social infrastructure properties.

These properties include high quality assets in strategic locations with specialist use, limited competition, and low substitution risk. This includes childcare centres and government properties. Management believes that targeting these types of assets will result in high tenant retention rates over the long term and ongoing capital growth.

Goldman Sachs is a fan of Charter Hall Social Infrastructure REIT. It currently has a conviction buy rating and $3.35 price target on its shares.

In addition, the broker is forecasting a 15 cents per share dividend in FY 2021. Based on the current Charter Hall Social Infrastructure REIT share price, this represents a 4.8% yield.

Wesfarmers Ltd (ASX: WES)

Another dividend share to consider buying is Wesfarmers. Thanks largely to its key Bunnings business, this conglomerate has been a very positive performer over the last 12 months. Bunnings’ strong form has been driven by government stimulus and a redirection of consumer spending from holidays to home improvements.

The good news is that the Bunnings business continues to perform well and is being supported by growth in other businesses such as Kmart, Target, and Catch. This appears to have positioned the company to deliver a strong full year result in FY 2021.

Credit Suisse is a fan of the company and has an outperform rating and $55.83 price target on its shares. The broker is also expecting a $1.90 per share fully franked dividend this year. Based on the latest Wesfarmers share price, this will mean a ~3.5% dividend yield.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

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 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 very attractive yields appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!