2 ASX dividend shares with generous yields to buy now

Wesfarmers Ltd (ASX:WES) and this ASX dividend share offer income investors generous dividend yields. Here's why they could be buys…

| More on:
ASX expensive defensive shares man carrying large dollar sign on his back representing high P/E ratio or dividend

Image source: Getty Images

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 dividend shares to add to your portfolio? Then take a look at the ones listed below.

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

Aventus Group (ASX: AVN)

The first ASX dividend share to consider is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres.

Thanks to its focus on the household goods sector and everyday needs, which have been performing positively during the pandemic, Aventus has been able to collect rent largely as normal in FY 2021.

In fact, the company reported a 6.5% increase in funds from operations (FFO) to $55.9 million during the first half. Positively, more of the same is expected in the second half.

One broker that was pleased with its result was Goldman Sachs. Following the release, the broker reiterated its buy rating and $3.04 price target on its shares. Goldman is also forecasting a 16.6 cents per share full year dividend in FY 2021.

Based on the latest Aventus share price of $2.91, this represents a generous 5.7% dividend yield.

Wesfarmers Ltd (ASX: WES)

This conglomerate could be another ASX dividend share to buy. Wesfarmers has been a very positive performance during the pandemic, with the majority of its businesses delivering solid sales and profit growth.

This underpinned a very strong first half performance, which saw Wesfarmers report a 16.6% increase in revenue to $17,774 million and a 25.5% jump in net profit after tax to $1,414 million.

Goldman Sachs was also pleased with this result. In response to it, the broker put a buy rating and $59.70 price target on its shares. Goldman is also forecasting a fully franked dividend of $1.88 per share in FY 2021.

Based on the latest Wesfarmers share price of $53.53, this represents an attractive 3.5% yield.

Should you invest $1,000 in Qantas Airways Limited right now?

Before you buy Qantas Airways Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Qantas Airways Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers 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

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Buy these ASX dividend stocks to supercharge your passive income

Analysts believe that these buy-rated stocks will provide income investors with some great yields in the near term.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX shares yielding over 7% for your portfolio

Analysts are expecting big yields from these buy-rated shares in the near term.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

1 ASX dividend stock down 27% I'd buy right now

This business is trading cheaply, in my view.

Read more »

Man holding a calculator with Australian dollar notes, symbolising dividends.
Dividend Investing

A 5% yield? Here's the dividend forecast for an ASX 200 powerhouse

Are the generous dividends growing or getting smaller? Let's find out.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

This 10% ASX dividend stock is my top pick for immediate income

This business offers a lot of what income investors are looking for.

Read more »

A happy construction worker or miner holds a fistful of Australian dollar notes.
Dividend Investing

Buy Rio Tinto and these ASX dividend shares in May

Analysts expect good yields from these buy-rated shares.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

Top broker forecasts this quality ASX 200 dividend share could surge 45%!

A leading broker forecasts outsized gains ahead for this high-yielding ASX 200 dividend stock.

Read more »

A couple sitting in their living room and checking their finances.
Dividend Investing

Beat falling interest rates with these growing ASX dividend shares

Analysts think these shares could be top picks for income investors now interest rates are falling.

Read more »