2 excellent ASX dividend shares with 6%+ yields

Fortescue Metals Group Limited (ASX:FMG) and this ASX dividend share offer yields of at least 6% at current levels…

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With the outlook for interest rates remaining very bleak, it is fortunate that there such a large number of dividend shares for investors to choose from on the Australian share market.

Two ASX dividend shares that offer investors very generous yields are listed below. Here's why they come highly rated:

Aventus Group (ASX: AVN)

Aventus is a retail property company with a difference. It is the owner and operator of 20 large format retail parks across Australia. These retail parks count major retailers such as ALDI, Bunnings, Officeworks, and The Good Guys as tenants.

It was thanks to its high weighting to national retailers, and particularly everyday needs, that allowed Aventus to come out of the pandemic relatively unscathed. The company was able to collect the majority of its rent as normal despite the disruption in the retail sector.

One broker that is positive on the company is Goldman Sachs. Its analysts have a buy rating and $2.76 price target on its shares. They also estimate that the current Aventus share price currently offers a forward ~6.1% dividend yield.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is one of the world's leading iron ore producers. It appears well-positioned to deliver another very strong result in FY 2021. This is thanks to its record shipments, ultra low C1 costs of US$12.74 per wet metric tonne, and sky high iron ore prices.

In respect to the latter, on Friday the spot iron ore price jumped a further 5.4% to a seven year high of US$145.30 a tonne. This was driven by production cuts in Brazil by mining giant Vale.

This news led to analysts at Macquarie reaffirming their outperform rating and lifting their price target on the company's shares to $23.00. The broker is also now forecasting a $2.61 per share fully franked dividend in FY 2021. Based on the latest Fortescue share price, this equates to a massive 12% dividend yield.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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.

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