2 high yield ASX dividend shares for income investors

Super Retail Group Ltd (ASX: SUL) and this ASX dividend share offer investors generous yields…

| 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 wanting to beat low interest rates in 2021, then you might want to look at the dividend shares listed below.

They offer investors attractive yields that are vastly superior to term deposits and savings accounts. Here's what you need to know about them:

Dividend stocks represented by paper sign saying dividends next to roll of cash

Image source: Getty Images

Aventus Group (ASX: AVN)

Aventus is a leading owner, manager, and developer of retail parks. It has a portfolio of 20 centres valued at $2.2 billion and featuring a diverse tenant base of 593 quality tenancies. From these tenancies, national retailers represent 87% of its total portfolio.

The company also has overweight exposure to the household goods sector and everyday needs. This has been a big positive during the pandemic, allowing Aventus to collect rent largely as normal in FY 2021. This led to Aventus reporting a 6.5% increase in funds from operations (FFO) to $55.9 million during the first half.

One broker that is a fan of Aventus is Goldman Sachs. It currently has buy rating and $3.06 price target on its shares. The broker is also forecasting a 16.6 cents per share full year dividend in FY 2021. Based on the latest Aventus share price of $2.92, this represents a generous 5.7% dividend yield.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to look at is Super Retail. This retail conglomerate has been a big winner from the redirection in consumer spending during the pandemic.

And with international travel off the cards for some time to come, it appears well-placed to benefit from higher than normal demand across its brands.

This certainly has been the case in FY 2021. Super Retail recently released a trading update which revealed that like-for-like sales were up 28% during the first 44 weeks. Positively, management also revealed that its gross margin had remained steady since the end of the half. This should mean even stronger profit and dividend growth.

Goldman Sachs is positive on Super Retail. It has a buy rating and $15.00 price target on its shares. The broker is also forecasting an 84 cents per share fully franked dividend in FY 2021. Based on the current Super Retail share price of $12.72, 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.

More on Dividend Investing

A businessman in a suit adds a coin to a pink piggy bank sitting on his desk next to a pile of coins and a clock, indicating the power of compound interest over time.
Dividend Investing

Spend $20,000 on ASX shares and get $5,000 in passive income

I can prove a 25% yield is possible.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

1 ASX dividend stock down 30% I'd buy right now

This business is trading at a great price with a good dividend yield…

Read more »

Woman laying with $100 notes around her, symbolising dividends.
Dividend Investing

How much could a $50,000 ASX share portfolio pay in dividends?

Dividend investing can turn an ASX portfolio into a growing income stream.

Read more »

A boy is about to rocket from a copper-coloured field of hay into the sky.
Dividend Investing

2 ASX income stocks with rocketing dividends

For me, dividend growth trumps yield.

Read more »

An older couple use a calculator to work out what money they have to spend.
Dividend Investing

100,720 shares of this high-yield ASX dividend stock pay income equal to the Age Pension

Generating a full income from dividends sounds appealing, but how much do you actually need?

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

2 ASX shares with dividend yields above 7%

Large yields could be very appealing right now.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

1 ASX dividend stock down 50% I'd buy

This ASX dividend stock has been under pressure. But looking ahead, there are signs the story could be starting to…

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Share Market News

How much do I need to invest in ASX shares to earn a $500 monthly passive income?

A $500 per month passive income is more achievable than you'd think.

Read more »