2 high yield ASX dividend shares to buy today

Aventus Group (ASX:AVN) and this ASX dividend share could be top options for income investors right now. Here's why…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're interested in bolstering your portfolio with some dividend shares, then the two listed below could be worth considering.

Here's what you need to know about these ASX dividend shares:

blockletters spelling dividends bank yield

Image Source: Getty Images

Aventus Group (ASX: AVN)

Aventus is a fully integrated owner, manager, and developer of large format retail centres. Unlike many other retail landlords, it has been performing very positively over the last 12 months. This has been driven by its exposure to the household goods sector and everyday needs.

Solid demand for its properties and strong rental collections ultimately led to Aventus' funds from operations (FFO) increasing 6.5% to $55.9 million during the first half. Positively, more of the same is expected in the second half.

This went down well with Goldman Sachs, which reiterated its buy rating and $3.04 price target on its shares. The broker is also forecasting a 16.6 cents per share full year dividend. Based on the latest Aventus share price of $2.86, this represents a very attractive 5.8% dividend yield.

Rural Funds Group (ASX: RFF)

Rural Funds is the owner of a diverse portfolio of high quality agricultural assets across five sectors: almonds, cattle, vineyards, cropping and macadamias. These assets are leased on ultra long term leases to highly experienced operators such as Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE).

Last month the company released its half year update and revealed a result in line with expectations. This means the company is on course to deliver on its FY 2021 distribution guidance of 11.28 cents per share. In addition to this, management revealed its distribution plans for next year. It intends to increase its distribution by its target rate of 4% to 11.73 cents per share.

Based on the current Rural Funds share price, this will mean yields of 4.7% and 4.9%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Treasury Wine Estates 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.

More on Dividend Investing

Man holding fifty Australian Dollar banknotes in his hands, symbolising dividends.
Dividend Investing

3 top ASX dividend share buys for passive income in April

These are my top picks for dividends right now.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Broker Notes

Are CBA shares still a good buy for passive income?

A leading analyst delivers his verdict on CBA’s passive income appeal.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

2 defensive ASX dividend stocks for reliable income

I'd have these two defensive dividend shares in my portfolio to help hedge against sharemarket volatility.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

21 ASX shares going ex-dividend over the school holidays

Shares going ex-dividend include Myer and Washington H. Soul Pattinson & Company.

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

$500 buys 148 shares in this 11% yielding ASX income stock!

I'd add this ASX income stock to my portfolio.

Read more »

A retiree relaxing in the pool and giving a thumbs up.
Dividend Investing

Looking for long-term passive income? Try one of these ASX shares

These businesses are on track to provide investors with ultra-long-term income.

Read more »

A man in a business suit stands on top of an office chair in a sea of murky water with shark fins circling.
Dividend Investing

Thinking of buying WAM Capital shares for the 9% dividend yield? Read this first

Look before you leap into this dividend stock.

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Dividend Investing

1 ASX dividend share and 1 ASX growth stock to buy in April

These ASX shares deliver a one-two punch: income now, growth later.

Read more »