Telstra (ASX:TLS) and this ASX dividend share are rated as buys

Telstra and this ASX share offer generous dividend yields…

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

Here’s why these dividend shares could be great options for income investors in August:

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.

Thanks to its high level of exposure to the household goods and everyday needs categories, Aventus has been one of the strongest performing retail property companies during the pandemic. This has led to solid rental income growth and an increase in the value of its properties.

Goldman Sachs has been impressed with its performance and expects it to continue. So much so, it has a buy rating and $3.27 price target on the company’s shares.

And based on the current Aventus share price, it estimates that its shares will provide investors with yields of 5.3%, 6%, and 6.6%, respectively, between FY 2021 and FY 2023.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share to look at is Telstra. The telco giant’s shares may have just hit a 52-week high, but they are still expected to provide investors with generous yields in the coming years.

Goldman Sachs is also a fan of Telstra. It currently has a buy rating and $4.20 price target on the company’s shares.

Goldman 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. Together with its corporate restructure and potential asset monetisation, the broker believes Telstra’s outlook is positive.

The broker is forecasting fully franked annual dividends of 16 cents per share through to FY 2023. After which, it expects a long-awaited dividend increase to 18 cents per share in FY 2024.

Based on the latest Telstra share price of $3.85, this will mean attractive yields of approximately 4.15% for the next three years.

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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.

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