These ASX shares are expected to provide investors with generous dividend yields…
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If you’re looking to overcome low interest rates, then you might want to look at the dividend shares listed below.
Both offer investors attractive yields that are vastly superior to anything you’ll find with term deposits and savings accounts. Here’s what you need to know about them:
Aventus Group (ASX: AVN)
The first ASX dividend share to look at is Aventus. It is a leading owner, manager, and developer of retail parks with a portfolio of 20 centres valued at $2.2 billion.
At the last count, the company had a diverse tenant base of 593 quality tenancies, with national retailers representing 87% of its total portfolio. This exposure to national retailers, and particularly household goods and everyday needs, has been a big positive over the last 12 months. These retailers have been performing positively, allowing Aventus to continue to grow its funds from operations.
One broker that expects this solid form to continue is Morgans. It currently has an add rating and $3.12 price target on its shares.
Morgans is also forecasting distributions of 17.4 cents per share in FY 2021 and then 17.7 cents per share in FY 2022. Based on the latest Aventus share price, this represents 5.7% and 5.8% yields, respectively.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend share that has been tipped to provide investors with generous yields is Super Retail. It is the retail conglomerate behind brands including BCF, Rebel, and Supercheap Auto.
Super Retail has been a strong performer in FY 2021 thanks to a favourable redirection in consumer spending away from international travel onto cars, camping, and sportswear. And with international travel off the cards for some time to come, it appears well-placed to benefit from higher than normal demand across its brands in FY 2022 as well.
Goldman Sachs is positive on Super Retail. The broker currently has a buy rating and $15.00 price target on its shares. Goldman is forecasting an 84 cents per share fully franked dividend in FY 2021. Based on the current Super Retail share price, this represents a 6.5% yield.
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Returns As of 15th February 2021
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 owns shares of and has recommended Super Retail Group 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.