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Beat deposit rate cuts with these ASX dividend shares

Aventus Group (ASX:AVN) and this ASX dividend share could help income investors beat the cuts to deposit rates…
The post Beat deposit rate cuts with these ASX dividend shares appeared first on The Motley Fool Australia. –

man handing over wad of cash representing ASX retail capital return

Although the Reserve Bank didn’t cut rates last week, it hasn’t stopped the banks from cutting savings rates.

Fortunately, even though the market has rallied strongly in recent months, there are still plenty of dividend shares offering generous yields. Here are two to take a closer look at:

Aventus Group (ASX: AVN)

The first dividend share to look at is Aventus. It is Australia’s largest fully-integrated owner, manager, and developer of large format retail centres.

At the last count, the company owned a total of 20 centres with 536,000m2 in gross leasable area and 593 quality tenancies. Importantly, from these tenancies, national retailers make up ~87% of the total portfolio, with a good portion of these having exposure to the household goods sector.

Given the redirection of consumer spending and the thriving housing market, this appears to have left Aventus well-placed to collect the majority of rent as normal this year.

One broker that expects this to be the case is Goldman Sachs. It currently has a buy rating and $2.79 price target on its shares. Goldman is also estimating that it will pay a ~16.5 cents per share distribution this year. Which based on the current Aventus share price, will mean a 5.9% yield.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to look at is Rural Funds. It is a real estate investment trust which owns a diversified portfolio of high quality Australian agricultural assets that are leased to experienced agricultural operators.

It generates revenues from long-term leases (WALE of 10.9 years) across five sectors: almonds, cattle, vineyards, cropping, and macadamias.

Rural Funds has an aim of delivering distribution growth of 4% per annum by owning and improving farms that are leased to quality counterparties. 

In line with this, the company intends to increase its distribution to 11.28 cents per share in FY 2021. Which based on the current Rural Funds share price, works out to be a generous 4.6% yield.

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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 and has recommended RURALFUNDS STAPLED. 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 Beat deposit rate cuts with these ASX dividend shares appeared first on The Motley Fool Australia.

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