If you’re looking for some top ASX dividend shares to add to your income portfolio, then you might want to look at the ones listed below.
Here’s what income investors need to know about them:
Aventus Group (ASX: AVN)
Aventus is the largest fully-integrated owner, manager, and developer of large format retail centres in Australia. Its 20 retail centres are home to a range of high quality national retailers such as ALDI, Bunnings, and Officeworks. In fact, at the last count, national retailers represented ~87% of its total portfolio.
Unlike many other retail landlords, Aventus has performed positively during the COVID-19 pandemic. This led to the company reporting both revenue and profit growth during the first half of FY 2021.
One broker that remains very positive on Aventus is Goldman Sachs. In response to its results, the broker retained its buy rating and $3.04 price target on its shares.
Goldman is also forecasting a ~16.6 cents per share distribution this year. Based on the current Aventus share price, this represents a 5.7% yield.
National Storage REIT (ASX: NSR)
National Storage is one of Australasia’s largest self-storage providers. From over 200 locations across Australia and New Zealand, it tailors self-storage solutions to residential and commercial customers.
Thanks to a combination of organic growth and growth through acquisitions, National Storage has been increasing its earnings and distribution at a decent rate over the last decade.
Positively, it looks well-placed to do the same over the next decade thanks to further acquisitions and developments and the booming housing market. The latter is traditionally a key demand driver.
Looking ahead, management expects the company to report underlying earnings per share of 7.7 cents to 8.3 cents in FY 2021. From this, it plans to pay out 90% to 100% to shareholders.
Based on the middle of both guidance ranges and the current National Storage share price, this represents a 4% yield.
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Returns As of 15th February 2021
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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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