Why I would buy Wesfarmers and these quality ASX dividend shares

Here's why I think Wesfarmers Ltd (ASX:WES) and these ASX dividend shares could be top options for income investors this week…

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If you're looking to add some dividend shares to your portfolio this week, then you're in luck.

Listed below are three top ASX dividend shares which I think are in the buy zone right now. Here's why I like them:

Aventus Group (ASX: AVN)

I think this retail property company could be a dividend share to buy. Aventus specialises in large format retail parks and has a portfolio of 20 centres across Australia. I like the company due to the fact that its rental income has a reasonably high weighting towards everyday needs. I believe this leaves it better positioned than others in the sector to navigate the tough trading conditions. In addition to this, thanks to a sharp pullback in the Aventus share price, I estimate that it offers investors a very generous 7% FY 2021 distribution yield at present. 

Dicker Data Ltd (ASX: DDR)

Another dividend share to consider buying is Dicker Data. It is a wholesale distributor of computer hardware and software which has continued its solid form during the pandemic. Last week it released a half year update and revealed unaudited first half revenue of $1 billion and net profit before tax of $40 million. This was an increase of 18.3% and 25%, respectively, on the prior corresponding period. Looking ahead, the company intends to lift its dividend to 35.5 cents per share this year. Based on the latest Dicker Data share price, this equates to a fully franked 4.6% dividend yield.

Wesfarmers Ltd (ASX: WES)

A final dividend share to consider buying is this conglomerate. I like Wesfarmers due to its portfolio of strong businesses, high quality management team, and its sizeable cash balance. I suspect the latter two will combine in the near future to make some earnings accretive acquisitions that bolster its growth over the 2020s. Combined with the positive outlooks of its key businesses such as Bunnings and Kmart, I believe Wesfarmers is well-placed to grow its dividend at a solid rate for the foreseeable future. Based on the current Wesfarmers share price, I estimate that it offers a fully franked 3.4% FY 2021 dividend yield.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of Wesfarmers 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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