2 buy-rated ASX dividend shares with 4%+ yields

These dividend shares offer attractive yields right now…

| 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

Are you looking for some attractive dividend yields to boost your income? Then look at the ones listed below.

Here's why these dividend shares could be great options for income investors right now:

large block letters depicting four percent representing high yield asx dividend shares

Image source: Getty Images

Aventus Group (ASX: AVN)

The first ASX dividend share to look at is Aventus. It is a property company with a focus on large format retail parks.

Aventus has been a very strong performer in FY 2021. This has been driven by its high level of exposure to the household goods and everyday needs sides of the retail market.

In fact, just yesterday the company revealed that the value of its properties has increased by 12% since the end of December. It also upgraded its funds from operations (FFO) per share guidance to 19.4 cents, which represents earnings growth of 7% year on year.

This went down well with analysts at Goldman Sachs. The broker has retained its buy rating and lifted its price target to $3.27. Goldman is also expecting a 16.7 cents per share distribution this year which, based on the current Aventus share price, equates to a 5.4% yield.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share to look at is Telstra. Goldman Sachs is also a fan of the telco giant and currently has a buy rating and $4.00 price target on the company's shares.

It likes Telstra partly due to its leadership position with 5G, which it expects to support growth in its post-paid mobile average revenue per user (ARPU) metric in the coming years. Combined with its corporate restructure and potential asset monetisation, the broker believes the future is bright for the telco giant.

As a result, it is forecasting fully franked annual dividends of 16 cents per share for the foreseeable future. Based on the latest Telstra share price, this will mean attractive yields of approximately 4.45% over the coming years.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation 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

5 mini houses on a pile of coins.
Dividend Investing

1 ASX dividend stock down 46% I'd buy right now

This business looks significantly undervalued and offers major passive income.

Read more »

Pile of $50 Australian notes representing dividends.
Dividend Investing

If I invest $10,000 in CBA shares, how much passive income will I receive in 2027?

The banking giant's shares tend to outperform during times of economic recovery.

Read more »

Two happy and excited friends in euphoria holding a smartphone, after winning in a bet.
Dividend Investing

2 ASX dividend shares I'd buy for passive income right now

High yields and defensive qualities make these ASX dividend shares stand out.

Read more »

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

Want a pay rise? These ASX dividend stocks could deliver one

These shares keep rewarding patient investors year after year.

Read more »

Woman with headphones on relaxing and looking at her phone happily.
Dividend Investing

How to build an ASX dividend portfolio that pays you for life

Quality businesses, reliable cash flow, and growth create lasting dividends.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

How much could a $400,000 ASX share portfolio pay in dividends?

You don't need a million dollar portfolio to earn a good passive income.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

Chasing $500 a month in passive income? Here's how

The maths behind a $6,000 annual dividend income stream.

Read more »

$50 dollar notes jammed in the fuel filler of a car.
Dividend Investing

How many Woodside shares do I need to buy for a $1,000 monthly passive income?

Atop this year’s 37% share price gains, Woodside shares offer attractive passive income.

Read more »