These high yield ASX dividend shares are rated as buys

Super Retail Group Ltd (ASX:SUL) and this ASX dividend share have been given buy ratings. Here's what you need to know about them…

| More on:

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

With low interest rates likely to be here to stay for some time to come, it certainly is a difficult time for income investors.

But don't worry, because there are plenty of ASX dividend shares that can help you overcome low rates. Two that are highly rated are listed below:

asx dividend shares represented by tree made entirely of money

Image source: Getty Images

Aventus Group (ASX: AVN)

The first ASX dividend share to consider buying is Aventus. It is a leading Real Estate Investment Trust (REIT) focused on large format retail properties.

While many retail landlords have struggled over the last 12 months, Aventus has continued its positive form. For example, in February the company released its half year results and revealed that its occupancy rate was 98.5% and centre traffic grew by 8% over the prior corresponding period. That period was before anyone had even heard of COVID-19.

One broker that is positive on the company is Goldman Sachs. It currently has a buy rating and $3.06 price target on its shares.

Furthermore, based on the current Aventus share price of $2.82, the broker estimates that its shares offer yields of 5.9% and 6.6%, respectively, over the next two years.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to consider is Super Retail. It is the company behind retail brands BCF, Macpac, Rebel, and Super Cheap Auto.

Like Aventus, it has been a positive performer during the pandemic. For example, in February Super Retail released its half year results and revealed a 23% increase in sales to $1.78 billion and a 139% increase in underlying net profit after tax to $177.1 million. Key drivers of this stellar profit growth were strong like for likes sales, online sales, and margin expansion.

Goldman Sachs is also a fan of Super Retail and has a buy rating and $15.00 price target on its shares. It is expecting the company to have a strong second half and to reward shareholders with a special dividend.

Goldman is forecasting an 81 cents per share fully franked dividend including the special dividend. Based on the latest Super Retail share price, this represents a 6.6% 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 Super Retail Group 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

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

2 ASX dividend shares with yields above 7%

Large yields and potential capital growth. What’s not to love?

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Dividend Investing

These buy-rated ASX dividend stocks are forecast to pay 6%+ yields in 2027

Analysts have buy ratings on these high-yield stocks. Let's see what they offer.

Read more »

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Dividend Investing

3 ASX dividend shares to double up on right now

Analysts have buy ratings on these top income stocks.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

Passive income investors: This ASX stock has an 8% yield and monthly payouts

The shares climbed higher on Tuesday.

Read more »

Happy woman working on a laptop.
Dividend Investing

A top ASX dividend stock to buy on a pullback

With a strong track record and steady dividends, this stock would be very attractive at cheaper prices.

Read more »

A mother helping her son use a laptop at the family dining table.
Dividend Investing

3 of the safest ASX 200 dividend stocks in Australia

For investors seeking dependable dividends, these ASX 200 shares could provide a strong foundation for long-term income.

Read more »

A couple working on a laptop laugh as they discuss their ASX share portfolio.
Dividend Investing

A dependable ASX dividend stock to buy with $20,000 right now

This ASX blue-chip may not be flashy, but its steady earnings and dividends could make it a dependable income pick.

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

3 ASX dividend shares yielding 5%+ that still have growth potential

These shares are a great option for passive income seeking investors.

Read more »