Insights

Buy these ASX dividend shares if the RBA cuts rates

Westpac Banking Corp (ASX:WBC) is tipping a rate cut at the next RBA meeting. Buy these ASX dividend shares to beat the cut…
The post Buy these ASX dividend shares if the RBA cuts rates appeared first on Motley Fool Australia. –

Cut interest rates

With Westpac Banking Corp (ASX: WBC) tipping the Reserve Bank to cut the cash rate to 0.1%, it could be about to get even harder for income investors.

The good news is that the share market is here to save the day with a number of top dividend shares offering superior yields.

Two which I think would be top options for investors today are listed below. Here’s why I would buy them:

Aventus Group (ASX: AVN)

The first ASX dividend share to look at buying is Aventus. It is a retail property company which specialises in large format retail parks. Despite the retail property sector struggling during the pandemic, Aventus’ high weighting to every day needs has allowed it to navigate these tough trading conditions and continue its growth.

Last month the company released its full year results and revealed a 4.2% increase in funds from operations (FFO) to $100 million. This allowed the Aventus board to declare an 11.9 cents per security distribution for the year. Based on the current Aventus share price, this equates to a generous 5% yield.

Rural Funds Group (ASX: RFF)

A second ASX dividend share to buy is this agriculture-focused property group. Rural Funds is the owner of 61 properties across five agricultural sectors. I’m a big fan of the company due to its long leases and blue chip customer base. At the end of the last financial year, the company’s weighted average lease expiry (WALE) stood at a lengthy 10.9 years and approximately 78% of its revenue was coming from corporate or listed tenants such as wine giant Treasury Wine Estates Ltd (ASX: TWE).

Rural Funds was also on form during the pandemic and reported an 8% increase in property revenue to $72 million in FY 2020. Looking ahead, management reaffirmed its plan to grow its distribution by 4% in FY 2021 and intends to pay shareholders 11.28 cents per share. Based on the current Rural Funds share price, this works out to be a 4.8% yield.

These stocks could rocket in a Post-COVID world (FREE STOCK REPORT)

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.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Treasury Wine Estates Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Buy these ASX dividend shares if the RBA cuts rates appeared first on 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!