2 high yield ASX dividend shares rated as buys

These ASX shares look set to pay their shareholders generous dividends in the near term…

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If you're interested in bolstering your portfolio with some dividend shares, then the two listed below could be worth considering.

Here's what you need to know about these ASX dividend shares:

Aventus Group (ASX: AVN)

The first ASX dividend share to look at is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres that has been performing very positively over the last 12 months. This has been driven by its exposure to the booming household goods sector and everyday needs.

Demand for tenancies has been robust, underpinning strong rental collections and 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.

Morgans has been pleased with the company's performance this year. Its analysts currently have an add rating and $3.12 price target on its shares.

In respect to dividends, the broker is forecasting a 17.4 cents per share distribution in FY 2021 and then a 17.7 cents per share distribution in FY 2022. Based on the latest Aventus share price, this represents 5.75% and 5.85% dividend yields, respectively.

BHP Group Ltd (ASX: BHP)

Another ASX dividend share to look at is this mining giant. Thanks to its solid production performance, its diverse operations, and favourable commodity prices, the Big Australian has been a strong performer over the last 12 months.

Positively, with the iron ore price trading around the US$200 a tonne level and oil prices hitting two-year highs this week, BHP looks well-placed to deliver a record result in August. And thanks to its strong balance sheet and generous dividend policy, this is likely to lead to bumper dividends for investors in the near term.

Macquarie is bullish on BHP. It currently has an outperform rating and $57.00 price target on its shares. It is also forecasting dividends per share of ~$3.44 and ~$2.91 over the next two years. Based on the current BHP share price of $49.59, this equates to fully franked yields of 6.9% and 5.9%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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.

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