When it comes to dividend shares there are countless options for investors to choose from on the ASX.
In fact, there are so many it can be hard to decide which ones to buy. To narrow things down I have picked out three dividend shares that brokers think investors should buy this month:
Aventus Group (ASX: AVN)
A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and increased the price target on this retail park-focused property company's shares to $3.45. The broker made the move following the release of its solid half year result this week. Macquarie was pleased with its performance and the work it is doing to reduce its gearing. It also notes that management has narrowed its guidance to the high end of its range. Another bonus in the broker's eyes is its attractive yield. Aventus intends to lift its distribution to 17.1 cents per unit in FY 2020. This equates to a 5.9% distribution yield.
Computershare Limited (ASX: CPU)
According to a note out of Credit Suisse, its analysts have upgraded this stock transfer company's shares to an outperform rating with an improved price target of $19.40. Although Computershare fell short of expectations in the first half, the broker expects a better second half. It also feels it is well-placed for growth in FY 2021 and FY 2022 thanks partly to cost reductions and synergies from the Equatex acquisition. Overall, it believes its shares are good value at the current level and offer a decent yield. Based on the broker's estimates, Computershare offers investors a partially franked forward ~4% dividend yield.
Suncorp Group Ltd (ASX: SUN)
Analysts at UBS have retained their buy rating but trimmed their price target on this insurance and banking giant's shares to $13.50. According to the note, Suncorp fell well short of its expectations during the first half of FY 2020. It was also disappointed with its margins and believes it will struggle to hit its targets in the medium term. Despite this, it sees a lot of value in its shares at this level and continues to rate them as a buy. It expects Suncorp to pay a 63 cents per share fully franked dividend this year. This equates to a 5.1% dividend yield.
