2 high quality ASX dividend shares with generous yields

Australia and New Zealand Banking GrpLtd (ASX:ANZ) and this ASX dividend share could be top options for income investors…

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If you're planning to add a dividend share or two to your portfolio in the near future, then you may want to check out the ones listed below.

Here's why these ASX dividend shares come highly rated right now:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The first ASX dividend share to look is ANZ Bank. While its shares have performed strongly in recent few months, it may not be too late to invest. Especially given the ever-improving outlook for the banking sector and the generous dividends on offer with its shares.

Morgans recently reiterated its add rating and lifted its price target on the bank's shares to $28.50. Its analysts are forecasting a $1.27 per share dividend in FY 2021 and then a $1.50 per share dividend in FY 2022.

Based on the latest ANZ share price of $24.83, this will mean 5.1% and 6% dividend yields, respectively, over the next two years.

Aventus Group (ASX: AVN)

A second ASX dividend share to look at is Aventus. It is the largest fully-integrated owner, manager, and developer of retail parks in Australia. At the last count, its portfolio comprised 20 centres valued at $2.2 billion and covering 536,000m2 in gross leasable area.

Aventus' portfolio features a diverse tenant base of 593 quality tenancies. From these, national retailers such as ALDI, Bunnings, and Officeworks represent an estimated ~87% of the portfolio.

One broker that is a fan of Aventus is Goldman Sachs. It has a buy rating and $2.79 price target on its shares. Goldman notes that almost two-thirds of its tenants are exposed to the household goods sector. It sees this as a big positive, as this side of the retail sector has been performing strongly during the pandemic.

Goldman is forecasting a~16.5 cents per share distribution in FY 2021. Based on the current Aventus share price, this represents a 5.9% 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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