2 high yield ASX dividend shares for income investors to buy today

Aventus Group (ASX:AVN) and this high yield ASX dividend share could be great options for income investors this week…

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Are you looking to invest in some dividend shares this week? If you are, you're in luck because there are a good number of quality options to choose from on the Australian share market.

Two that I think would be great options for income this week are listed below:

Aventus Group (ASX: AVN)

Aventus is the owner and operator of 20 large format retail parks across Australia. Among its 593 tenancies, it counts major retailers such as ALDI, Bunnings, Officeworks, and The Good Guys as tenants. These tenancies give the company's centres a high weighting towards everyday needs, which has been a real blessing during the pandemic. Aventus was able to collect the majority of its rent as normal in FY 2020.

In light of this, the company delivered a 4.2% increase in funds from operations (FFO) to $100 million during the 12 months and rewarded shareholders with distributions. I'm expecting a similarly solid year in FY 2021. And based on the current Aventus share price, I estimate that it offers a forward ~5.5% to 6% yield.

Vitalharvest Freehold Trust (ASX: VTH)

Vitalharvest is an agricultural property company with a focus on the nutritious and healthy food trend. The company's assets comprise one of the largest aggregations of berry and citrus farms in Australia and are leased to Costa Group Holdings Ltd (ASX: CGC) – Australia's leading horticulture company and largest fresh produce supplier.

I believe the company's exposure to these healthy eating trends has put it in a position to achieve solid rental growth over the 2020s. This should be good news for shareholders, given the company's dividend policy of paying out 85% to 100% of its funds from operations. Based on this and the current Vitalharvest share price, I estimate that it offers investors a forward ~5.5% to ~6% distribution 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 COSTA GRP FPO. The Motley Fool Australia has recommended AVENTUS RE UNIT. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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