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

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

Get paid huge amounts of cash to own these ASX dividend shares!

These businesses have a lot to offer income seekers!

Read more »

A woman wearing a yellow shirt smiles as she checks her phone.
Share Market News

1 ASX dividend stock down 18% — I'd buy right now

I'd buy this ASX dividend stock at any stage of the economic cycle.

Read more »

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

These 3 ASX dividend shares yield 5% (or more) with monthly payouts

These are my top picks for a monthly passive income.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes, symbolising dividends.
Dividend Investing

I'd buy 22,166 shares of this ASX stock to aim for $50 a week of passive income

This business is providing investors with consistent and pleasing dividends.

Read more »

A young woman sits with her hand to her chin staring off to the side thinking about her investments.
Dividend Investing

Want to build a second income? I'd buy these ASX shares today

I rate these as fantastic options for dividend income, here’s why…

Read more »

a man wearing casual clothes fans a selection of Australian banknotes over his chin with an excited, widemouthed expression on his face.
Dividend Investing

The easy way to buy ASX dividend shares and build passive income

This could be the easiest way to generate an income from the share market.

Read more »

A fit woman in workout gear flexes her muscles with two bigger people flexing behind her, indicating growth.
Dividend Investing

5 powerhouse ASX dividend shares to buy and hold until 2050

These shares could be the backbone of a strong 'forever' portfolio.

Read more »

Young investor sits at desk looking happy after discovering Westpac's dividend reinvestment plan
Dividend Investing

Forget Westpac shares, I'd buy these ASX dividend stocks

With some bank valuations looking stretched, I’d be looking at these dividend stocks for a more attractive mix of yield…

Read more »