2 buy-rated ASX dividend shares with attractive yields

These dividend shares could be top options…

If you're looking to boost your passive income with some dividend shares, then you might want to consider the ones listed below.

Here's why analysts have given them buy ratings:

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

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Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share to look at is Aurizon. It is Australia's largest rail freight operator, connecting miners, primary producers, and industry with international and domestic markets.

Aurizon provides its customers with integrated freight and logistics solutions across an extensive national rail and road network, traversing Australia.

Macquarie is a fan of the company. It believes Aurizon has almost $1 billion of balance sheet capacity to drive growth through acquisitions. It also believes the company will be in a position to pay very generous dividends in the near term.

The broker is forecasting partially franked dividends of 28.1 cents per share in FY 2022 and then 29.5 cents per share in FY 2023. Based on the latest Aurizon share price, this will mean yields of 7.3% and 7.7%, respectively.

Macquarie currently has an outperform rating and $4.32 price target on its shares.

Aventus Group (ASX: AVN)

Another ASX dividend share to look at is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres in Australia.

Aventus has a portfolio of 20 centres valued at $2.3 billion with a diverse tenant base of 593 quality tenancies. From the latter, national retailers represent 88% of the total portfolio.

The company has experienced solid demand for its tenancies despite the pandemic, leading to an occupancy rate of 98.8% in FY 2021. This underpinned a 9.6% increase in funds from operations to $110 million for the year.

One broker that is positive on the company is Goldman Sachs. It currently has a buy rating and $3.40 price target on its shares. Goldman is also forecasting dividend yields of approximately 5.3% in FY 2022 and 5.9% in FY 2023.

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 has recommended AVENTUS RE UNIT and Aurizon Holdings Limited. 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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