Are you looking for some excellent ASX dividend shares to add to your income portfolio?
Then you might want to take a look at the ASX dividend shares named below. Here’s what you need to know about them:
Aventus Group (ASX: AVN)
The first ASX dividend share to look at is Aventus. It is the largest fully-integrated owner, manager, and developer of large format retail centres in Australia.
Aventus owns 20 retail centres which 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 growth in both revenue and profit during the first half of FY 2021.
Macquarie is positive on the company and currently has an outperform rating and $3.15 price target on its shares. The broker is also expecting a 16.3 cents per share distribution in FY 2021. Based on the current Aventus share price, this represents a 5.5% distribution yield.
BWP Trust (ASX: BWP)
Another dividend share to look at is BWP. It is the largest owner of Bunnings Warehouse sites across Australia with 68 properties leased to the home improvement giant.
Bunnings has proven to be a great tenant to have during the pandemic. With many consumers redirecting their spending to improving their homes, Bunnings has experienced very strong sales growth. This means BWP, like Aventus, has been one of just a handful of retail landlords that has been able to collect rent largely as normal.
This and positive property revaluations led to the company’s profit climbing 6% to $144 million during the first half of FY 2021.
Furthermore, its solid form has allowed management to reaffirm its distribution guidance of ~18.3 cents per share in FY 2021. Based on the current BWP share price, this represents a generous 4.4% dividend 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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