2 buy-rated ASX dividend shares for income investors

Super Retail Group Ltd (ASX:SUL) and this ASX dividend share have been rated as buys. Here’s what you need to know about them…

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Three different hands against a blue backdrop signal thumbs up, indicating share price rise on the ASX market

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Fortunately for income investors, there are a good number of dividend shares offering attractive yields at present.

Two ASX dividend shares that are highly rated are listed below. Here’s why they could be top options:

Aventus Group (ASX: AVN)

The first ASX dividend share to look at is Aventus. It is Australia’s largest fully integrated owner, manager, and developer of large format retail centres.

Aventus has been a solid performer over the last 12 months. This has been underpinned by the quality of its tenancies and its exposure to everyday needs and national retailers.

Goldman Sachs is a fan of the company. It currently has a buy rating and $3.04 price target on its shares.

The broker is forecasting a ~16.6 cents per share distribution in FY 2021. Based on the current Aventus share price, this represents a 5.6% yield.

Super Retail Group Ltd (ASX: SUL)

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

It has been a very strong performer in FY 2021. For example, in the first half it reported a 23% increase in half year sales to $1.78 billion and a 139% increase in underlying net profit after tax to $177.1 million.

Positively, more of the same is expected in the second half following a positive trading update. That update revealed that its growth has accelerated, with like-for-like sales up 28% over the first 44 weeks of FY 2021.

Management also revealed that its gross margin had remained steady since the end of the half.

Goldman Sachs was pleased with the update and responded by retaining its buy rating and $15.00 price target on its shares. The broker is also expecting an 84 cents per share fully franked dividend in FY 2021.

Based on the current Super Retail share price of $11.86, this represents a 7% yield.

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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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