These high yield ASX dividend shares are rated as buys

Super Retail Group Ltd (ASX:SUL) and this ASX dividend share have been given buy ratings. Here's what you need to know about them…

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With low interest rates likely to be here to stay for some time to come, it certainly is a difficult time for income investors.

But don't worry, because there are plenty of ASX dividend shares that can help you overcome low rates. Two that are highly rated are listed below:

asx dividend shares represented by tree made entirely of money

Image source: Getty Images

Aventus Group (ASX: AVN)

The first ASX dividend share to consider buying is Aventus. It is a leading Real Estate Investment Trust (REIT) focused on large format retail properties.

While many retail landlords have struggled over the last 12 months, Aventus has continued its positive form. For example, in February the company released its half year results and revealed that its occupancy rate was 98.5% and centre traffic grew by 8% over the prior corresponding period. That period was before anyone had even heard of COVID-19.

One broker that is positive on the company is Goldman Sachs. It currently has a buy rating and $3.06 price target on its shares.

Furthermore, based on the current Aventus share price of $2.82, the broker estimates that its shares offer yields of 5.9% and 6.6%, respectively, over the next two years.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to consider is Super Retail. It is the company behind retail brands BCF, Macpac, Rebel, and Super Cheap Auto.

Like Aventus, it has been a positive performer during the pandemic. For example, in February Super Retail released its half year results and revealed a 23% increase in sales to $1.78 billion and a 139% increase in underlying net profit after tax to $177.1 million. Key drivers of this stellar profit growth were strong like for likes sales, online sales, and margin expansion.

Goldman Sachs is also a fan of Super Retail and has a buy rating and $15.00 price target on its shares. It is expecting the company to have a strong second half and to reward shareholders with a special dividend.

Goldman is forecasting an 81 cents per share fully franked dividend including the special dividend. Based on the latest Super Retail share price, this represents a 6.6% 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 Super Retail Group 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.

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