2 quality ASX dividend shares rated as buys

Are you looking for some excellent ASX dividend shares to add to your income portfolio? Then you might want to…
The post 2 quality ASX dividend shares rated as buys appeared first on The Motley Fool Australia. –

Are you looking for some excellent ASX dividend shares to add to your income portfolio?

Then you might want to take a look at the ones listed below. Here’s what you need to know about these dividend shares:

Aventus Group (ASX: AVN)

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

At the last count, Aventus had a portfolio of 20 centres valued at $2.2 billion and spanning 536,000m2 in gross leasable area. It has a diverse tenant base of 593 quality tenancies, with national retailers representing 87% of the total portfolio.

Demand for tenancies has remained strong during the pandemic, underpinning strong rental collections. This led to 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.

Morgans currently has an add rating and $3.12 price target on its shares. The broker is also forecasting a 17.4 cents per share distribution in FY 2021 and then a 17.7 cents per share distribution in FY 2022. Based on the latest Aventus share price, this represents 5.7% and 5.8% dividend yields, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share to consider is this banking giant. It could be a good option due to its positive outlook thanks to Australia’s strong economic recovery and the booming housing market.

In addition, although its shares have been strong performers in 2021, they have been tipped to climb even higher. According to a note out of Goldman Sachs this week, its analysts have retained their conviction buy rating and $29.97 price target on the bank’s shares.

Goldman is also forecasting fully franked dividends of 124 cents per share in FY 2021 and 133 cents per share in FY 2022. Based on the current NAB share price of $26.77, this will mean yields of 4.6% and 5%.

NAB remains Goldman’s preferred sector exposure. This is due to the bank’s cost management initiatives, its position as the largest business bank, and its strong capital position.

The post 2 quality ASX dividend shares rated as buys appeared first on The Motley Fool Australia.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Returns As of 15th February 2021

More reading

S&P Global gives ASX bank shares the thumbs up

Is the NAB (ASX:NAB) share price still a buy after its AUSTRAC update?
5 things to watch on the ASX 200 on Tuesday

Westpac (ASX:WBC) gives its employees paid time off to get COVID jabs
ASX 200 drops, Altium soars, Skycity drops, NAB falls

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

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!