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3 high yield ASX dividend shares to buy next week

The average dividend yield on the All Ordinaries index currently stands at 4%, making it one of the most generous indices in the world.

But income investors don’t need to settle for a 4% yield, as there are some quality dividend shares offering even greater yields.

Three high yield dividend shares I would buy next week are as follows:

Aventus Retail Property Fund (ASX: AVN)

Aventus is a retail property fund focused on large format retail (LFR) centres with high quality tenants such as Harvey Norman Holdings Limited (ASX: HVN) and Nick Scali Limited (ASX: NCK). In the first half of FY 2019 the company delivered funds from operations of $47 million, up 6.3% on the prior corresponding period. This was driven by sustained high occupancy levels and a 3.3% increase in like for like net property income. Aventus’ units currently offer a trailing 7.3% distribution.

BHP Group Ltd (ASX: BHP)

I think that BHP is a great option for investors looking to diversify their portfolio with a little exposure to the resources sector. Thanks to its strong balance sheet and low-cost operations across iron ore, coal, petroleum and copper, I believe it is well-positioned to deliver strong free cash flows over the coming years. I expect the majority of these funds to be returned to shareholders in the form of dividends and share buybacks. At present its shares provide an estimated forward fully franked 5.9% dividend.

National Australia Bank Ltd (ASX: NAB)

Whilst the banks have risen strongly over the last 10 weeks, I don’t believe it is too late for income investors to snap up their shares. One of my favourites right now is NAB due to its high yield and overweight exposure to a commercial lending market which is performing well. At present NAB’s shares offer a massive trailing fully franked 7.8% dividend.

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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 National Australia Bank 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.

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